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NVDA   341.01 (-2.21%)
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GE   7.29 (+7.21%)
TSLA   820.23 (+0.17%)
AMD   52.74 (-0.85%)
T   31.85 (+3.34%)
ACB   15.30 (-1.99%)
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GILD   74.92 (+2.38%)
DIS   121.53 (+0.48%)
NFLX   419.89 (+1.23%)
BAC   25.98 (+7.00%)
BA   149.52 (+3.31%)
AAPL   318.11 (+0.44%)
MSFT   181.81 (+0.13%)
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AMZN   2,410.39 (-0.47%)
NVDA   341.01 (-2.21%)
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BABA   201.18 (-0.27%)
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NVDA   341.01 (-2.21%)
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The Latest: France allowing religious services to resume

Saturday, May 23, 2020 | The Associated Press

The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death.

TOP OF THE HOUR:

— France allowing religious services to resume after a legal challenge to government ban.

— Seven restaurant goers appear to have been infected in northwestern Germany.

— UN warns cybercrime on rise during pandemic.

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PARIS — France is allowing religious services to resume starting Saturday after a legal challenge to the government’s ban on such gatherings.

Religious leaders welcomed the decision but said it will take time to put the necessary safety measures in place.

To prevent further spread of the virus, visitors to French places of worship must wear masks, wash their hands upon entering, and keep a distance of at least one meter (three feet) from other people.

The French government had banned religious services until June 2 even though stores and other businesses started reopening last week. The Council of State, the country’s highest administrative body, struck down the ban, and the government published a decree Saturday allowing services to resume.

The French Bishops Conference said it would work with church leaders to prepare for reopening, notably for Pentecost Sunday services May 31.

The rector of the Grand Mosque of Paris said that it will not be ready to reopen for services Sunday marking Eid al-Fitr, the end of the holy month of Ramadan.

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BERLIN — Authorities say seven people appear to have been infected with the coronavirus at a restaurant in northwestern Germany, in what would be the first known such case since restaurants started reopening in the country two weeks ago.

The local government in Leer county said Friday night that the cases, reported between Tuesday and Friday, led to at least 50 people being quarantined.

Previously, no new cases had been confirmed in the area for over a week.

Germany started loosening its coronavirus restrictions on April 20 and that process has gathered pace recently. Lower Saxony state, where Leer is located, allowed restaurants to reopen May 11 with hygiene precautions.

Those currently include a 2-meter (6 ½-foot) distance between tables, masks for waiters and an obligation to take the name, address and phone number of guests so that possible infections can be traced.

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UNITED NATIONS — The U.N. disarmament chief says the COVID-19 pandemic is moving the world toward increased technological innovation and online collaboration, but “cybercrime is also on the rise, with a 600% increase in malicious emails during the current crisis.”

Izumi Nakamitsu told an informal meeting of the U.N. Security Council on Friday that “there have also been worrying reports of attacks against health care organizations and medical research facilities worldwide.”

She said growing digital dependency has increased the vulnerability to cyberattacks, and “it is estimated that one such attack takes place every 39 seconds.”

According to the International Telecommunication Union, “nearly 90 countries are still only at the early stages of making commitments to cybersecurity,” Nakamitsu said.

The high representative for disarmament affairs said the threat from misusing information and communications technology “is urgent.” But she said there is also good news, pointing to some global progress at the United Nations to address the threats as a result of the development of norms for the use of such technology.

Estonia’s Prime Minister Juri Ratas, whose country holds the Security Council presidency and organized Friday’s meeting on cyber stability and advancing responsible government behavior in cyberspace, said “the COVID-19 crisis has put extra pressure on our critical services in terms of cybersecurity.”

He said the need for “a secure and functioning cyberspace” is therefore more pressing than ever and he condemned cyberattacks targeting hospitals, medical research facilities and other infrastructure, especially during the pandemic.

“Those attacks are unacceptable,” Ratas said. “It will be important to hold the offenders responsible for their behavior.”

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Follow AP news coverage of the coronavirus pandemic at https://apnews.com/VirusOutbreak and https://apnews.com/UnderstandingtheOutbreak


7 Tech Stocks to Buy Now For a Post Coronavirus Economy

The Covid-19 pandemic has created a new “tech wreck”. But unlike the broad selloff at the end of 2018, this downturn has been more selective. Some stocks that looked like they were a little overbought have seen their share prices lowered.

In some cases, there was a legitimate reason for this. However, in other cases, it was likely a result of profit-taking disguised as something else. That’s the nature of a crisis. It gives investors the cover to do what they wanted to do anyway. But once investors start to sell, it can trigger a herd mentality.

And that’s when savvy investors start to look for opportunities. Because as Warren Buffett famously said, “Be greedy when others are fearful.” Tech stocks will lead the way back when the pandemic is over. Because if there’s one thing this moment in time is teaching us, it’s that we’re not going to be less dependent on technology. Businesses aren’t going to be doing less digital advertising. Consumers aren’t going to do less e-commerce.

But the fundamentals still matter. That’s why one of the common traits of many of these companies is that they have rock-solid balance sheets.

View the "7 Tech Stocks to Buy Now For a Post Coronavirus Economy".

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