News archive of May 2020

South Korea: Many Schools Close Again After Reopening

Seoul (CNN) - More than 500 schools closed again Friday to students after briefly reopening, as South Korea moves to stamp out a resurgence of the coronavirus in the capital, Seoul, and its surrounding metropolitan area.

Damage Caused by the Lockdown Worse than the Virus Itself?

London (CNN) - Is the damage caused by the lockdown worse than the virus itself? That's a question raised by some world leaders and commentators who claim that economic and social hardship caused by strict coronavirus restrictions places a heavier burden on society than the death rate caused by the disease.

Dangerous Minneapolis Riots do not Calm Down

Minneapolis has witnessed serious unrest over the past few days, sparked by the police killing of a black man named George Floyd, who was accused of using a counterfeit 20 dollar bill.

The Coronavirus Outbreak Did Not Start at the "Wet Market" in Wuhan

The first case of SARS-CoV-2 didn't emerge from a Wuhan wet market, according to experts at the Wuhan Institute of Virology (WIV).

Instead, the live animal market may have been the site of a superspreader event, where one person spread the virus to many other people, one US-based expert told Live Science.

Archbishop Elpidophoros deplores ‘unjust slaying’ of George Floyd

Referring to the death of an unarmed man, George Floyd, while in police custody in the US city of Minneapolis, the Archbishop of America Epidophoros described the incident as an "unjust slaying" that "cannot be where America stands."

Improving record in loan repayment in May

Loan managers are reporting an improvement in repayments in May, after the debt servicing delays recorded in the second half of March and the whole month of April. The restoration of payment flows signals a gradual return to normality, said Anastasios Panoussis, chief executive officer at Eurobank FPS and head of the Association of Loan Managers, at SmithNovak's European conference.

Release of convicted child molester upheld

A former basketball coach who had been convicted for sexually molesting 36 boys on the island of Crete has been released from prison after a decision by the Misdemeanor Council of Grevena in northern Greece.

Statements starting to pick up pace

The submission rate of 2019 income tax declarations is growing, according to data from the Independent Authority for Public Revenue (AADE), with most processed statements incurring no additional tax.

ATHEX: Rebalancing leads to jump in turnover

The upcoming rebalancing of the MSCI Greek stock indexes and profit taking after five consecutive days of gains led to losses at Athinon Avenue on Friday, with a huge daily turnover. Notably 70% of trading volume took placing during the closing auctions. The benchmark of the Athens stock market ended May with a monthly advance of 3.87%, though banks lost 2.94%.

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