RavenPack COVID-19 Update
| June 25, 2020
In this update, news rises about poverty worsening due to coronavirus, China-U.S. ties are further strained by fake news claims, and Russia reopens for business.
Go To Coronavirus News Monitor
News linking the novel coronavirus to poverty is on the rise and reached a new 3-month high last week, according to our COVID news monitor, on the back of
highlighting the issue of child poverty due to fallout from the pandemic.
In many developing countries schools act as a focal point for community health initiatives and government-backed programs and their widespread closure means that not only have an estimated 430 million children missed out on their education, but also on other key services, including nutrition and vaccination programs.
Co-mentions of poverty and COVID also hit a 3-month peak in a more developed nation, the UK, after reports of a heated exchange between Prime Minister Boris Johnson and the leader of the opposition Keir Starmer during prime minister’s question time.
Starmer cited a report from the
Social Mobility Commission
which estimated that - due to COVID-19 as well as other factors such as Brexit - 600,000 more children had fallen into poverty since 2010, and 5.2 million children could be living in poverty by 2022.
Another story from the monitor highlighted how the pandemic had been a mixed blessing for the homeless, who in the UK were provided with shelter during lockdown but now face the prospect of being forced back out on the streets.
In one particularly moving
from our newsfeed, a 48-year old homeless woman spoke of how she had felt like she was entering a “fairytale” when she was provided with her own room and shower in a local youth hostel over the period of the lockdown.
The U.S. Fake News Index reached a 6-week high after the government officially reclassified 4 major Chinese news agencies as organs of Chinese state propaganda.
The move will probably further strain tensions between Beijing and Washington which were already tense due to the trade war.
Many in the U.S. government openly blamed the coronavirus outbreak on China, with some states, such as Missouri, even attempting to gain financial reparations from the Chinese.
The U.S., along with several other countries is also calling for an international investigation in the causes of the outbreak, which the Chinese have rejected.
Russia’s ‘Facilities Open’ topics index on the monitor is peaking on the back of a flurry of reports the country is easing lockdown measures, with terraced restaurants allowed to reopen from June 23, and museums and cinemas set to do the same by mid-July.
One related standout story
from the monitor tells how a reopened futuristic KFC in Moscow limits direct contact between customers and staff to a minimum by employing robotic serving hands!
“After the food is cooked, a firm and precise robotic hand puts the order into the box which can be opened by a code given to the customer,” says the Reuters report featured on the New York Post website.
In both Italy and Spain, levels of media attention about the coronavirus have reached 3-month lows, according to our monitor’s Media Hype Index, which measures the percentage of all news that is COVID-19 related. In Spain, COVID-related news has also fallen below the key 50% level.
Fake news is not on the news agenda in the UK at the moment, it turns out, as the level of the Index there has fallen to a 3-month low, suggested a ‘fourth estate’ there remains clean.
Finally, news sentiment in India reached a 3-month high as the country - which was one of the virus’s late adopters - appears to have been less badly hit than the global average on a case count per segment of the population basis, which in India is 6x less.
The country has now also implemented strict social distancing rules, including the mandatory wearing of face-masks, which police in Delhi are enforcing by recourse to fines, according to one particular story from the monitor.
This week, the aspect of the monitor we will be highlighting is the Geographical Exposure pane at the top, showing a map of the world color-coded to reflect intensity by the geographical distribution of various COVID-19 themes.
The map is interactive, and simply clicking on a country will lead the monitor to refresh and reflect the news analytics for that nation only.
Clicking on the icon in the top right-hand corner changes the display to a table format with countries ranked by total cases.
Users can alter the selections according to different criteria, including lower to higher, active cases, recoveries, deaths, news sentiment, and media exposure.
On its default setting the table ranks according to the number of cases, but in the case of the chart above it shows the table ranking by News Sentiment.
Please use your business email. If you don't have one, please email us at firstname.lastname@example.org.
We will process your personal data with the purpose of managing your personal account on
RavenPack and offering our services. You can exercise your rights of access, rectification,
erasure, restriction of processing, data portability and objection by emailing us at email@example.com. For more information, you can
Your request has been recorded and a team member will be in touch soon.
High inflation has returned in developed markets after decades of lying low. In our latest paper, we show how to build an inflation-based asset allocation strategy using sentiment data and we illustrate that sentiment-based strategies outperform models that depend merely on past observed inflation values.
This year's RavenPack Research Symposium brought two intense days of knowledge sharing in London and New York, from 25 top experts in natural language processing, quantitative investing and machine learning. Together, we explored how firms can leverage new language models to generate alpha, better manage risk and respond to calls for more sustainable investment practices.
Human capital is at the heart of value creation. Our latest research demonstrates how unprecedented workforce insights, sourced from over 200 million job postings, can generate more alpha.