Coronavirus Deaths Approach 400,000 As Oil Producers Extend Output Cuts

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Coronavirus Deaths Approach 400,000 As Oil Producers Extend Output Cuts
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Coronavirus Deaths Approach 400,000 As Oil Producers Extend Output Cuts

The global death toll from the coronavirus neared 400,000 on Saturday with fatalities accelerating in Latin America, as oil-producing countries agreed to extend output cuts to offset a collapse in prices caused by the pandemic and lockdowns.

The cartel of oil-producing nations OPEC agreed on Saturday to extend an April deal to cut production through July, aiming to foster a recovery in oil prices after they were pummelled by slumps in demand caused by virus restrictions. Trump, who is facing re-election in November, reiterated his calls to further ease stay-at-home measures, after surprisingly upbeat employment numbers showed the country gained 2.5 million jobs in May.

“We are no longer in a health emergency, but we are facing an economic and social emergency,” said Tourism and Employment Minister Nicole Bouteau.In Europe, badly-hit countries slowly continued on a path toward a post-pandemic normal, also seeking to revive key tourist sectors in time for the summer season.

In France, the Palace of Versailles also reopened, but without the US and Chinese tourists that usually make up a third of its visitors.

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