Delta variants pose a growing threat to world recovery


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Covid cases and vaccination

Total number of global cases: 185.0m

Total dose given: 3.3 billion

Get the latest global pictures through our website Vaccine Tracker

latest news

  • The OECD says the pandemic may be Global democracy, Trust in the government is weakened by real or perceived mismanagement and corruption

  • The European Medicines Agency stated that it has found a link between the coronavirus injection and vaccination of Moderna and BioNTech/Pfizer. Heart inflammation

  • Recruiting in Canada As Covid-19 restrictions begin to relax, the rebound last month exceeded expectations

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“One of the biggest risks to global growth… is our premature announcement of our victory over Covid.”

The warning in the Financial Times interview comes from Mary DaleyA senior official at the Federal Reserve said that evidence suggests that the delta form of the coronavirus is spreading, and the World Health Organization describes it as the “fastest and most appropriate” of all variants.

Despite the experience from the United Kingdom and other countries, the Delta case has pushed the infection to Weekly highest level Since late February, it seems that the vaccine is Reduce hospitalization and mortality Rate, attention is getting higher and higher. “Delta is more contagious, It can better find people with insufficient immunity and infect them,” a public health official said. Today’s new research shows that this mutation Early stages of the disease​​.

Pharmaceutical companies are refocusing on what they can do to stop its progress.Pfizer and BioNTech will start clinical trials next month to study the first vaccine Especially suitable for Delta version.

At the same time IsraelLast month, one of the fastest vaccination programs in the world caused the government to abandon the final lockdown restrictions, but the fourth wave of infections driven by the delta forced people to rethink.In Asia, this variant led to a new blockade Seoul to SydneyThe death toll in Indonesia is on the rise, and the country’s vaccination program that relies on China Huaxing is progressing slowly and is hit by supply problems.

in JapanAs the number of cases reached the highest level since mid-May, after the authorities declared Tokyo a state of emergency, the Tokyo Olympics will be held without spectators. The most important game in the Japanese capital is not between athletes, but between vaccines and variants.

Read our explanationr Regarding the effectiveness of vaccines against Delta variants.

Global economy

Number of initial jobless claims in the United States The data is slightly higher, but it continues to show A recovering labor market The company’s recruitment accelerated in June.Minutes from Federal Reserve The policy meeting indicated that it may begin to contain its Emergency Debt Purchase Plan Earlier than expected.

Bottlenecks exacerbate people’s concerns British economic recovery may Lose motivation, Due to shortages in auto production and other sectors, the growth of goods and services in May was lower than expected.National “triple lock” guarantee State pension May be threatened Because the government tried to control epidemic spending.Nearly 800,000 people Lost job last year — 250,000 more than the previous official estimate.

Singapore Reporter Stefania Palma reported a Exodus of foreign professionals Coming from a city-state, frustrated by travel restrictions, vaccines, and fear of work. After the outbreak of Covid-19 last year, crowded immigrant houses swarmed in. At the same time, the authorities tried to reduce their dependence on foreign labor and also encountered difficulties in finding jobs.

business

Workplace in the UK Will be able to Throw away the maskThe Financial Times revealed that as part of the massive economic reopening on July 19, social distancing and other coronavirus measures. Acas, the UK’s advisory, mediation and arbitration service, will issue guidelines on working from home to ensure that workers are not discriminated against and warn companies not to “over-monitor.”

Despite the surge in crude oil prices, some of the biggest American Petroleum Corporation Billions of dollars are being lost Hedging contract Signed at last year’s market low. Oil is traded at approximately US$75 per barrel, but of the 11 million barrels of oil produced in the country every day, one-third of the price is only US$55.our Energy News Assess the damage the pandemic has caused to the industry, or, as the chief economist of BP puts it, “the mother of all stress tests.”

Large shale group sells oil at below market prices

Although there are signs that the UK’s recovery may be losing momentum, companies are promising more Office and shop space, According to Greater Portland, One of the leading developers in London. The company also increased the rent it collected to 86% of the arrears this quarter.

market

European stocks As investors shed their worries about the economic slowdown, they rebounded today Global recovery As the company recovers from the shutdown, it is expected to buy opportunities before the peak earnings season arrives in the second quarter.

This European Central Bank The strategic change announced yesterday-the first in 20 years-aims to Avoid the risk of premature rise in interest ratesOne of the driving forces of the debt crisis that started in 2011. FT Editorial Board, Pushing the bank towards the 2% inflation target, with greater tolerance for any slight overshoot.

Recent downturn Treasury bond yield Is causing a Investors rethink They previously believed that strong economic growth and higher inflation would lead to higher interest rates. Our marketing team looks at the knock-on effect of stocks and corporate borrowing costs.

Express your opinion

Jonsdottir comments Regulators say Covid may make face-to-face industries more difficult to insure:

I know this is a relatively niche industry, but I’m currently making TV shows. Although everyone in it should be as isolated from the outside world as possible, there are still people who have brought Covid into the bubble and handed it over As a result, the actor was suspended for two weeks. As a result, shooting had to reschedule, rebook locations and equipment, and pay about a hundred people when shooting was closed. This is a lot of money for production insurance.

Final thoughts

Want to meditate or try one of the 10 best climbs in the world?Browse our best collection Adventure holiday in the world.

©James Morrison

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