Mexico Passes Spain to Have Sixth Deadliest Virus Outbreak
(Bloomberg) -- Mexico's Covid-19 deaths rose by 741 to reach 28,510, leading the country to overtake Spain and have the world's sixth most-deadly outbreak, according to data released by the Health Ministry Wednesday night.
Confirmed cases rose by 5,681 to 231,770. Deaths and cases in Mexico have increased steadily in recent weeks as Latin America has emerged as a hot spot for the pandemic. The country is also likely to soon overtake France, which has 29,864 deaths, according to data from Johns Hopkins University.
Mexico, like other Latin American countries has vulnerable populations living in tight quarters where work is essential to meet daily basic needs. That makes social distancing to slow the pandemic nearly impossible while President Andres Manuel Lopez Obrador has been criticized by some health experts for downplaying the virus's risks.
Lopez Obrador has focused largely on reopening the economy, rather than enforcing strict lockdowns. He continued to travel through the country amid record rises in cases. Mexico City began reopening businesses and restarting economic activity this week based on government data showing a decrease of hospital occupancy.
At his nightly press conferences Deputy Health Minister Hugo Lopez-Gatell has repeatedly implored people to stay home, while Lopez Obrador has said the worst is likely past. In a recent morning press conference, the president thanked the Mexican people for helping avoid an even more troubling outcome.
“Despite the terrible nature of this pandemic, we have avoided more suffering,” Lopez Obrador said.
The numbers from Mexico's Health Ministry don't reflect data from only the previous 24 hours, as it takes longer for it to gather information from hospitals on coronavirus patients. Experts have questioned the government's tracking of the virus, as even the ministry has acknowledged actual cases are much higher.
©2020 Bloomberg L.P.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
-
The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
-
Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
-
Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.