>13% museums may never reopen
Nearly 13% of the museums around the world may never reopen due to the COVID-19 pandemic, the UN's cultural agency has warned.
On the occasion of International Museum Day on Monday, two studies by the UN Educational, Scientific and Cultural Organization and the International Council of Museums said that museums have been especially affected by the COVID-19 pandemic, with nearly 90% of them, or more than 85,000 institutions, having closed their doors for varying lengths of time during the crisis.
Furthermore, in Africa and the Small Island Developing States, only 5% of museums were able to offer online content to their audiences.
The two studies were aimed at assessing the impact of COVID-19 on museums and museum institutions. They were also aiming to find out how the sector had adapted to the pandemic and explore ways to support institutions in its aftermath.
>Border bans to ease within EU
The world's biggest tourist playground has been roped off since it became a coronavirus epicenter, but as summer looms Europe is desperate to lift restrictions to get visitors pumping much-needed cash into stricken economies.
Last week, the European Union unveiled an action plan to get its internal borders reopening, safely fire up its hospitality sector and to revive rail, road, air and sea connections that have been strangled during the pandemic.
Some countries, such as Greece and Italy, are already naming specific dates.
On Saturday, Italy announced plans to reopen its internal borders next month, while German Chancellor Angela Merkel has said that many internal EU border restrictions would be lifted by June 15.
It's a situation eagerly anticipated by millions of would-be travelers, desperate to enjoy a slice of European sunshine and culture after weeks or months being sequestered at home under lockdown.
>Nasdaq to delist Luckin Coffee
Luckin Coffee Inc said on Tuesday that Nasdaq Inc has given it notice that it plans to delist it from the US stock exchange a month after the Chinese coffee chain disclosed that some of its employees fabricated sales accounts.
Luckin said that it plans to request a hearing before a Nasdaq panel. The Chinese coffee chain will remain listed on the Nasdaq until the panel decides on an outcome.
Hearings typically occur between 30 and 45 days after they are requested.
It is unclear if the coronavirus pandemic will slow down that timeline.
The company disclosed on April 2 that an internal probe found that Jian Liu, its COO at the time, had fabricated 2019 sales.
Trading of Luckin shares on the Nasdaq has been halted since April 7 for pending news.
Its shares had plummeted 83% since disclosing the fraud, putting its market value at $1 billion.
>Sessions to boost confidence
As global attention turns to Beijing with the start of China's two sessions on Thursday, experts said that the nation's biggest annual political event will indicate the direction of its socioeconomic development amid the COVID-19 pandemic and will inject confidence into the gloomy world economy.
In addition to setting the work priorities, targets and tasks for this year's national economic and social development, the two sessions could also focus on how China improves its public health security and responds to the complex and changing international situation.
Zhou Fangyin, a senior researcher at the Guangdong Institute for International Strategies, said in an interview with China Daily that convening the two sessions is a signal that business is largely back to normal in the world's second-largest economy. It will provide a degree of certainty for the world economy and help the international community to overcome the panic that the pandemic has brought about.
Against the backdrop of a trend against globalization during the pandemic, China will continue to uphold all-around opening-up and strengthen international cooperation in trade, investment and financing, he added.
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