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Asian shares were hauled higher by S&P 500 futures on Monday and oil prices hit a five-week peak as countries’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession.

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The U.S.-China trade war is escalating, not just in rhetoric about the coronavirus but also in the world of high technology. Further restrictions on China’s Huawei Technologies by the administration of President Donald Trump heighten trade tensions between Washington and Beijing, as does the decision of Taiwan’s TSMC to build a $12 billion chip plant in Arizona. Multinationals like Qualcomm and Apple are now vulnerable, too.

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The coronavirus pandemic has been pummeling the global economy, causing many governments to take extraordinary measures to prevent financial collapse. The initial outbreak of what is now a global pandemic happened in China, and months later the country seems to be recovering. But as the government tries to jump-start the nation’s stalled economy, it faces huge challenges. Heiwai Tang, professor of economics and associate director of the Institute for China and Global Development at Hong Kong University sheds some light on the situation.

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Germany’s national government and the 16 Länder states have agreed that ‘Messen’ (exhibitions) are now on the list of activities that are explicitly listed as possible, rather than being classed as ‘Grossveranstaltungen’ (mass gatherings), which remain banned until the end of August.

The ruling means that tradeshows could run again in principle.

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People wearing protective face masks queue at Porta Palazzo market in Turin after reopened with social distancing rules as Italy begins a staged end to a nationwide lockdown, following the outbreak of the coronavirus disease (COVID-19).

ROME/WASHINGTON (Reuters) - Italy and the United States were among a slew of countries tentatively easing coronavirus lockdowns on Monday to revive economies as global deaths surpassed a quarter of a million. World leaders and organisations pledged $8 billion to fund a possible vaccine and treatments, many hoping explicitly to ensure that no country on Earth would be left out, but the United States did not contribute.

Italy, among the world’s hardest-hit countries, allowed about 4.5 million people to return to work after nearly two months at home. Construction work can resume and relatives can reunite.

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Source: ITMF

Orders in East Asia dropped visibly less (-28 percent) than in all the other regions (-40 percent and more).It can be assumed that this region, which was hit first by the Corona-crisis, is also recovering first from it. Especially China and Korea were able to contain the epidemic successfully.

In the last few weeks, most Chinese textile companies have ramped up production significantly. Likewise, off-line retail stores have reopened, and consumption is picking up again in East Asian countries. It remains to be seen what the consumption behavior will be like in China, Korea and other places once shops are open again.

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© Healthguard.

Melbourne, Australia based HealthGuard Corporation, a leader in non-invasive healthcare, has announced that its HealthGuard AMIC/PLB has been tested using live Corona Virus at the Guang Dong Detection Centre of Microbiology. The company claims that its HealthGuard AMIC/PLB anti-viral textile finish has been independently tested to be 99.9% effective against killing spores of Corona Virus (H1N1), SARS and Influenza Virus when applied correctly to fibres and fabrics.

“We are expecting excellent results on Human Strain COVID-19. That testing report will be available very soon,” Dr Christopher Harvey, President of HealthGuard, told Innovation in Textiles.

“HealthGuard products are easily applied by padding onto piece goods or spraying onto fibre in the tow. No changes in finishing need to be made,” Dr Harvey added.

“HealthGuard AMIC/PLB has been independently tested to be durable up to 50 wash cycles whilst retaining efficacy.”

“We foresee the application of HealthGuard AMIC/PLB treatment on all bedding, mattresses and pillow fillings, to be used on cruise ships, aeroplanes, trains, public transport seating, all hotel soft furnishings, public institutions and aged care facilities.”

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COVID19 Lockdown Impact on Textile Industry
As food and clothing will continue to remain key purchases, there is always hope for this industry.

It is a battle with an invisible enemy. The virus that started in China’s Wuhan has now affected almost all parts of the world, and is seen as one of the worst periods in human history. Almost all major economies, including China, the United States, India and many European nations, are under complete or partial lockdown. The pandemic has shaken up both the human race and the economies of these countries.

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