ROME: The death toll from an outbreak of coronavirus in Italy has surged by 919 to 9,134, the Civil Protection Agency said on Friday, easily the highest daily tally since the epidemic emerged on Feb. 21.
Prior to Friday’s figure, the largest daily toll was registered on March 21, when 793 people died.
The 919 people who died over the last 24 hours compares with 712 deaths on Thursday, 683 on Wednesday, 743 on Tuesday and 602 on Monday.
The total number of confirmed cases rose to 86,498 from a previous 80,539, taking Italy’s total past that of China, where the coronavirus epidemic emerged at the end of last year.
The United States already surpassed China’s tally of cases on Thursday.
In Italy, of those originally infected nationwide, 10,950 had fully recovered on Friday, compared to 10,361 the day before. There were 3,732 people in intensive care against a previous 3,612.
The hardest-hit northern region of Lombardy reported a steep rise in fatalities compared with the day before and remains in a critical situation, with a total of 5,402 deaths and 37,298 cases.
That compared with 4,861 deaths and 34,889 cases reported up to Thursday.
Friday’s cumulative death tally included 50 fatalities that actually occurred on Thursday in the northern Piedmont region, but whose notification arrived too late to be included in the official figures for March 26, the Civil Protection Agency said.
This has led to some confusion and means that some media outlets are reporting the Friday daily tally at 969, rather than 919.
Italy coronavirus deaths rise by 919, highest daily tally since start of outbreak
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Italy coronavirus deaths rise by 919, highest daily tally since start of outbreak
- Prior to Friday’s figure, the largest daily toll was registered on March 21, when 793 people died
- The United States already surpassed China’s tally of cases on Thursday
Britain needs ‘AI stress tests’ for financial services, lawmakers say
- Lawmakers urge AI-specific stress tests for financial firms
LONDON: Britain’s financial watchdogs are not doing enough to stop artificial intelligence from harming consumers or destabilising markets, a cross-party group of lawmakers said on Tuesday, urging regulators to move away from what it called a “wait and see” approach.
In a report on AI in financial services, the Treasury Committee said the Financial Conduct Authority and the Bank of England should start running AI-specific stress tests to help firms prepare for market shocks triggered by automated systems.
The committee also called on the FCA to publish detailed guidance by the end of 2026 on how consumer protection rules apply to AI, and on the extent to which senior managers should be expected to understand the systems they oversee.
“Based on the evidence I’ve seen, I do not feel confident that our financial system is prepared if there was a major AI-related incident and that is worrying,” committee chair Meg Hillier said in a statement.
TECHNOLOGY CARRIES ‘SIGNIFICANT RISKS’
A race among banks to adopt agentic AI, which unlike generative AI can make decisions and take autonomous action, runs new risks for retail customers, the FCA told Reuters late last year.
About three-quarters of UK financial firms now use AI. Companies are deploying the technology across core functions, from processing insurance claims to performing credit assessments.
While the report acknowledged the benefits of AI, it warned the technology also carried “significant risks” including opaque credit decisions, the potential exclusion of vulnerable consumers through algorithmic tailoring, fraud, and the spread of unregulated financial advice through AI chatbots.
Experts contributing to the report also highlighted threats to financial stability, pointing to the reliance on a small group of US tech giants for AI and cloud services. Some also noted that AI-driven trading systems may amplify herding behavior in markets, risking a financial crisis in a worst-case scenario.
An FCA spokesperson said the regulator welcomed the focus on AI and would review the report. The regulator has previously indicated it does not favor AI-specific rules due to the pace of technological change.
The BoE did not respond to a request for comment.
Hillier told Reuters that increasingly sophisticated forms of generative AI were influencing financial decisions. “If something has gone wrong in the system, that could have a very big impact on the consumer,” she said.
Separately, Britain’s finance ministry appointed Starling Bank CIO Harriet Rees and Lloyds Banking Group ‘s Rohit Dhawan as “AI Champions” to help steer AI adoption in financial services.
