• Coronavirus: U.S. cases top 1.6 million, Singapore slashes growth forecast again

Market news

26 May 2020

Coronavirus: U.S. cases top 1.6 million, Singapore slashes growth forecast again

  • CNBC reports that the number of coronavirus cases in the U.S. topped more than 1.6 million as deaths rose to more than 97,000, a tally from Johns Hopkins University shows. 

  • President Donald Trump threatened to pull the Republican convention out of North Carolina if the governor’s coronavirus restrictions impose a limit on the number of people who can be in attendance in August.

  • WHO Director-General Tedros Adhanom Ghebreyesu announced that the agency is temporarily suspending its trial of hydroxycholoroquine, the drug backed by Trump to combat the deadly coronavirus, over safety concerns. 

  • Meanwhile, in Southeast Asia, Singapore slashed its growth forecast for the third time this year. 


  • Global cases: More than 5.4 million

  • Global deaths: More than 346,200

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