German Cases Rise, Businesses See Gradual Rebound

The number of new cases in Germany rose slightly, while a hard-hit region in Italy including the financial capital Milan reported zero fatalities for the first time. Japan is set to end its nationwide state of emergency by lifting the order for Tokyo and other regions as new coronavirus cases tail off. U.K. Prime Minister Boris Johnson is facing intense political pressure after defending a top aide who broke lockdown rules. President Donald Trump said schools should be opened “ASAP,” while U.S. deaths approached the 100,000 mark. The U.S. will limit some travel from Brazil, a nation with the second-highest number of cases.

Russia’s Reported Cases Rise 2.6% to 353,427 (4:20 p.m. HK)

Russia reported 8,946 new cases, with almost half of those being asymptomatic. The country is surpassed only by Brazil and the U.S. in total number of reported infections. More than a quarter of the new cases were in Moscow.

German Businesses See Gradual Economic Rebound (4 p.m. HK)

German businesses are counting on an improvement in the economy in the second half after the coronavirus pandemic depressed private spending and investment and plunged the economy into a recession.

Companies surveyed by Ifo showed cautious optimism in May, with a gauge of expectations rising after the previous month’s plunge. A full-fledged recovery though is still a long way off as consumers wary of infections keep away from shops and restaurants, and firms struggling with subdued demand cut jobs.

Hungary Fully Reopens Serb Border (3:30 p.m. HK)

Hungary reopened its border with Serbia entirely Monday as the first wave of the coronavirus pandemic receded in both countries, Hungarian Foreign Minister Peter Szijjarto said in a Facebook video. While Hungary is a member of the European Union, Serbia isn’t.

China’s Xi Praises Hubei for Sacrifices During Outbreak (2:35 p.m. HK)

Chinese President Xi Jinping commended Hubei province for its sacrifices during the coronavirus outbreak at the country’s top national political gathering. Xi met the Hubei delegation at the National People’s Congress, where he reminded the public that vigilance against the virus shouldn’t be lowered and that future controls over the disease need to be normalized.