Wednesday, 25 November 2020

Wednesday Morning Briefing: White House considers lifting European travel restrictions

What you need to know about the coronavirus today

White House considers lifting European travel restrictions
The White House is considering rescinding entry bans for most non-U.S. citizens who recently were in Brazil, Britain, Ireland and 26 other European countries, five U.S. and airline officials told Reuters.

The plan has won the backing of White House coronavirus task-force members, public health and other federal agencies, the people briefed on the matter said, but President Donald Trump has not made a final decision and the timing remains uncertain.

Americans urged to stay home over holiday
U.S. health officials and politicians pleaded with Americans on Tuesday to stay at home over the Thanksgiving holiday as record coronavirus caseloads pushed hospitals to their limits.

The chorus of public appeals intensified heading into a holiday weekend that is expected to further fuel an alarming surge of infections nationwide, while the daily U.S. death toll climbed above 2,000 - at least four deaths every three minutes. It marked the highest 24-hour loss of life from the pandemic since early May.

“We are on fire with COVID,” Kentucky Governor Andy Beshear said on CNN, defending unpopular restrictions he ordered last week that included new limits on retail activity and school closures. “We’re just trying to do the right thing.”

Death toll spikes across Europe
Poland reported on Wednesday a new daily record of 674 coronavirus-related deaths, while Russia reported a record 507 deaths in the last 24 hours, taking its national death toll to 37,538 since the pandemic began.

Germany reported a record 410 deaths in the last 24 hours, before the 16 federal state leaders and Chancellor Angela Merkel were due to meet on Wednesday to discuss restrictions for the Christmas and New Year holidays.

More than 59.8 million people have been reported to be infected globally and 1,409,664 have died, according to a Reuters tally.

Singapore nearly virus-free
Having once had the highest COVID-19 rate in Southeast Asia, Singapore has all but eradicated the virus after reporting 14 days without any new local cases, and saying it had snuffed out the last cluster of infection at a worker dormitory.

The cramped dormitories for young, low-wage laborer's, mainly from Bangladesh, India and China had been at the center of the city-state’s spiraling cases earlier this year.

While Singapore has reported zero local cases for two weeks, there has been a trickle of infected people arriving from abroad who have been immediately isolated, authorities say.

Mutations not making virus able to spread more rapidly
The coronavirus is mutating as it spreads around the world in the pandemic, but none of the mutations currently documented appears to be making it able to spread more rapidly, scientists said.

In a study using a global dataset of virus genomes from 46,723 people with COVID-19 from 99 countries, researchers identified more than 12,700 mutations, or changes, in the SARS-CoV-2 virus.

Track the global spread here.

Breakingviews - Corona Capital: Banknotes, Hong Kong, Hotels Catch up with the latest financial insights.

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Top Stories

Nina Jain was regularly checking the nation’s COVID-19 data and holding out hope that her son Antonio, a sophomore who attends college in Iowa, could come home to Sacramento, California, for Thanksgiving this week. Jain, who works in a government office, had her hopes dashed when she saw U.S. COVID-19 cases rise by an average of more than 168,000 per day last week. Antonio canceled his flight on Friday, hours before it was scheduled to depart.

U.S. President-elect Joe Biden will give a speech highlighting the challenges facing Americans as Thanksgiving approaches and the nation faces a surge in coronavirus infections and a wave of unpopular health restrictions. The address is meant to encourage Americans and focus on the sacrifices they are making during the holiday season, his office said

Global shares reached record highs after the Dow Jones broke 30,000, with investors relieved at the prospect of a smooth handover of power after the U.S. presidential election and confident a COVID-19 vaccine would soon be ready.

Special report

School districts across the U.S. are caught in the middle of the campus reopening debate, struggling to accommodate families and faculty while juggling the separate challenges of in-class and virtual instruction. Meanwhile, coronavirus cases keep rising.

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Tesla issues two recalls covering 9,500 U.S. vehicles: NHTSA

Tesla is issuing two recalls covering about 9,500 vehicles for roof trim that may separate and bolts that may not have been properly tightened. The larger recall covers 9,136 Model X cars from the 2016 model year, the National Highway Traffic Safety Administration said.

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Catch-all travel insurance booms as U.S. flyers take Thanksgiving risks

U.S. websites have seen a surge in travelers seeking expensive ironclad insurance this Thanksgiving, as Americans desperate to break the monotony of a year spent at home look to cover themselves against coronavirus-related risks.

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Exclusive: India import hurdles hit Apple iPhone, Xiaomi devices from China, say sources

India’s tight control of quality clearances for electronic goods from China slowed the import of Apple’s new iPhone model last month and held up other products made by companies like Xiaomi, according to two industry sources.

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Global stocks bull run to race on, spurred by cheap cash, vaccine hopes: Reuters poll

The blistering rally in global stock markets is set to continue for at least six months, albeit at a shallower pace, amid hopes more cheap cash and a COVID-19 vaccine allow economies to heal and corporate earnings to recover, a Reuters poll found.

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