South Korea warns of second wave of infections

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.

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 cases worldwide crossed 4 million as governments planned to reopen economies, raising risks of a second wave of infection. New outbreaks in Germany and South Korea were reported as both countries eased restrictions.

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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Global death toll tops 285,000 as cases climb

Tue May 12 , 2020
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 4.17 million Global deaths: At least 285,690 Most cases reported: United States (1,346,723), Spain (227,436), United Kingdom (224,332), Russia (221,344), and Italy […]