Five Things You Need to Know to Start Your Day

Renewed growth warnings, claims data due, and more Archegos fallout.

The surge in Covid-19 cases has the potential to damage overall global growth, while threatening to widen the gap between rich and poor nations. India reported a world record one-day jump in cases at 314,835 yesterday amid reports the country's health system is close to collapse. The World Health Organization also warned on increasing infections in Argentina, Turkey and Brazil. A new law allowing the federal government in Germany to impose curfews and lockdowns was passed in the lower house of parliament there.