What you need to know about the COVID-19 pandemic on 16 May – World Economic Forum

  • This daily roundup brings you a selection of the latest news updates on the COVID-19 coronavirus pandemic, as well as tips and tools to help you stay informed and protected.
  • Today’s top stories: US saw record layoffs in March; Track the progress toward a vaccine.

A new strain of Coronavirus, COVID 19, is spreading around the world, causing deaths and major disruption to the global economy.

Responding to this crisis requires global cooperation among governments, international organizations and the business community, which is at the centre of the World Economic Forum’s mission as the International Organization for Public-Private Cooperation.

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The Forum has created the COVID Action Platform, a global platform to convene the business community for collective action, protect people’s livelihoods and facilitate business continuity, and mobilize support for the COVID-19 response. The platform is created with the support of the World Health Organization and is open to all businesses and industry groups, as well as other stakeholders, aiming to integrate and inform joint action.

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As an organization, the Forum has a track record of supporting efforts to contain epidemics. In 2017, at our Annual Meeting, the Coalition for Epidemic Preparedness Innovations (CEPI) was launched – bringing together experts from government, business, health, academia and civil society to accelerate the development of vaccines. CEPI is currently supporting the race to develop a vaccine against this strand of the coronavirus.

1. How COVID-19 is impacting the globe

Iceland will reopen its borders to tourists by June 15, according to an by Insider. Travellers will receive free COVID-19 tests upon arrival at the airport. Any who test positive will be forced to self-isolate for 14 days. Those with negative test results or who can produce other health documentation will be free to continue their travels in the country.

“I believe that if everything goes well, we should see some tourists here this summer,” Bjarnheiour Hallsdottir, the chair of the Icelandic Travel Industry Association, told RUV. “For those who want to come, this will be a very real possibility.”

3. Track the progress toward a COVID-19 vaccine
Researchers from around the globe are racing to develop a coronavirus vaccine in record time. Health site StatNews has developed a tracker to monitor the progress of each of these efforts, as well as treatments for the disease, and help anyone understand the vast array of efforts under way.

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Image: StatNews

Two nationwide surveys from China revealed new findings regarding COVID-19’s impact on mental health. According to a study released this week, the pandemic’s onset fueled a 74% drop in overall emotional well-being. The shift was more noticeable for those living near an outbreak epicentre or in vulnerable groups such as the elderly.

Those who believed themselves more informed about the virus reported feeling happier during the outbreak than those who felt less knowledgeable. “People’s perceptions about themselves are often more potent in influencing their emotional well-being than the corresponding objective aspects,” said Haiyang Yang, an assistant professor at Johns Hopkins Carey Business School and a co-author of the study.

Gaming and esports got a huge boost from the coronavirus lockdown. This week’s podcast checks in with esports pioneeer Mike Sepso on how gaming’s role is transforming under COVID-19 and why he thinks it could even replace some physical sports.

Find all previous episodes of World Vs Virus here.

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