India records largest single-day jump in cases

This is CNBC’s live blog covering all the latest news on the coronavirus outbreak. This blog will be updated throughout the day as the news breaks.

  • Global cases: More than 4.09 million
  • Global deaths: At least 282,553
  • Most cases reported: United States (1,329,072), Spain (224,350), United Kingdom (220,449), Italy (219,070), Russia (209,688)  

The data above was compiled by Johns Hopkins University as of 8:20 a.m. Beijing time. 

All times below are in Beijing time.

2:20 pm: New Zealand will reopen malls, cinemas from Thursday 

New Zealand has further eased restrictions put in place to contain the coronavirus outbreak, which will result in more businesses — including malls, cinemas, cafes and gyms — restarting operations from Thursday, reported Reuters. 

But those businesses must follow physical distancing and strict hygiene rules, Reuters said, citing New Zealand’s Prime Minister Jacinda Ardern. The leader also reportedly said schools can reopen from next Monday, while bars will resume operations from May 21. 

The country’s borders will remain closed except for returning citizens, and public gatherings are limited to 10 people, the report said. 

New Zealand started easing lockdown measures late last month. The country has reported fewer than 10 new cases per day for most of the past one month, with the total confirmed infections standing at 1,147, according to its health ministry. — Yen Nee Lee

1:25 pm: Pandemic will cause shortfall in Chinese purchases of US goods this year

Exports of U.S. goods to China will fall way short of what both countries agreed in the “phase one” trade deal, according to a forecast by the Center for Strategic and International Studies. 

The U.S. has to export around $186.6 billion of goods to China this year for Beijing to meet its commitments in the trade deal. But CSIS said that figure is likely to be much lower at $60 billion as the coronavirus pandemic hits Chinese demand.

“The targets were never realistic; they were just gaudy numbers meant to impress. The pandemic made the unrealistic the impossible,” said Scott Kennedy, senior advisor and trustee chair in Chinese business and economics at CSIS.

In the phase one agreement that was signed in January, China agreed to buy $200 billion additional U.S. goods and services by 2021 on top of 2017 levels. — Yen Nee Lee

1:05 pm: India records largest single-day jump in cases 

India reported 4,213 new coronavirus cases in the last 24 hours to bring its tally of confirmed infections to 67,152, according to the latest data by the Ministry of Health and Family Welfare. 

The number of new cases was the largest single-day increase in India, reported CNBC-TV18. The spike comes as the country enters its final week of a nationwide lockdown that’s set to end on May 17. 

The country’s death toll increased by 97 to 2,206, while the number of recoveries jumped by 1,559 to a total of 20,917, the health ministry data showed. — Yen Nee Lee

A man wearing a protective mask sits on a bench on April 10, 2020 in New Delhi as India remains under an unprecedented lockdown due to the highly contagious coronavirus disease.

Yawar Nazir | Getty Images

11:40 am: Germany reports 357 new cases

Germany’s total cases jumped by 357 to 169,575, according to the latest data by Robert Koch Institute, a federal government agency responsible for disease monitoring and prevention. 

The country’s death toll increased by 22 to 7,417, the data showed. — Weizhen Tan

11:20 am: Shanghai Disneyland reopens

After a three-month closure caused by the coronavirus outbreak, the Disneyland theme park in Shanghai reopened on Monday, according to a statement on its website.

It reopened with a number of restrictions, however. That includes a limited number of visitors. Usually, that park sees around 80,000 visitors per day, but the government has mandated Disney operate at 30% capacity, or about 24,000 visitors.  Advance reservations will be needed. Social distancing in queues, restaurants, rides, and other facilities throughout the park will also be imposed. — Weizhen Tan

10:15 am: South Korea reports 35 new cases

South Korea reported 35 new cases, an apparent rebound as the country eases restrictions. The daily number of cases had dropped to single digits or zero in recent weeks.

However, the country reported a new, growing outbreak linked to a number of night clubs. The government shut down all such clubs and bars in Seoul and warned of a second wave of infections. (see 8:10 a.m. update)

The new cases reported Monday brought the country’s total to 10,909, according to the Korea Centers for Disease Control and Prevention. There were no new deaths. — Weizhen Tan

9:50 am: One worker infected 533 at fish factory in Ghana

A single worker infected 533 others at a fish-processing factory in Ghana’s Tema city, according to Reuters, citing Ghana’s president.

“All 533 persons were infected by one person,” President Nana Akufo-Addo said, according to the report.

That brought the West African nation’s total to 4,700 as of Sunday night, the highest number of cases in the West Africa region. 22 people have died so far. — Weizhen Tan

9:35 am: China’s loans under threat as countries struggle with mounting debt

Many countries under China’s mammoth Belt and Road initiative are under increasing debt as the economic fallout of the pandemic hit. With several of those countries having borrowed heavily from China to fund their projects, the Asian giant could now find itself having to write off or extend many of those loans, analysts say.

Chinese financial institutions have provided hundreds of billions in funding to countries involved in the BRI, an ambitious project that aims to build a complex network of rail, road and sea routes stretching from China to Central Asia, Africa and Europe. 

Low-income countries under Belt and Road are already asking China for debt relief. Countries that have signed so-called “barter deals” with China are “in an even more difficult position,” analysts say. — Weizhen Tan

9:00 am: China reports 17 new cases, no deaths

China’s National Health Commission (NHC) reported 17 new cases, of which 10 were locally transmitted infections and seven were imported, or attributed to travelers from overseas. That brings the country’s total to 82,918 cases, according to the NHC.

There were no new deaths, the NHC said, with the total number of fatalities staying at 4,633. It also said there were 12 new asymptomatic cases, where patients do not display symptoms of the disease. In all, 780 asymptomatic cases were under medical observation. — Weizhen Tan

8:25 am: Japan plans second package to combat economic impact 

Japan is set to launch a second budget to help the country tide over the economic fallout from the pandemic, Reuters reported, citing the Nikkei newspaper.

New measures will include aid for companies struggling to pay rent, and more subsidies for those hit by slowing sales, according to the report. — Weizhen Tan

8:10 am: South Korea warns of second wave of cases as it shuts night clubs and bars

South Korea on Sunday warned of a second wave of cases as a new cluster formed around a number of night clubs, according to Reuters. Just last week, the country eased restrictions as cases continued to fall, allowing businesses to reopen gradually and gatherings to take place.

But on Saturday, the country shut down all night clubs, bars and discos in its capital Seoul after dozens of infections were linked to club goers, with authorities saying they were tracking a list of 1,500 people who had gone to those clubs. — Weizhen Tan

People wearing protective face masks walk through the street at night in the Itaewon area of Seoul, South Korea, on Saturday, May 9, 2020.

SeongJoon Cho | Bloomberg | Getty Images

7:45 am: Global cases surpass 4 million

The number of deaths globally surpassed 280,000, according to data from Johns Hopkins University. Cases in Russia rose, making the country among the five worst-hit globally, while France and Germany dropped down the ranks.

Italy, one of the worst-affected countries in the pandemic, reported its lowest daily death toll over the weekend, and its number of daily cases fell under 1,000 for the first time since early March, according to Reuters. — Weizhen Tan

Read CNBC’s coverage from the U.S. overnight: Italy reports lowest daily virus death toll, UK outlines ‘conditional’ plan to slowly reopen

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