Coronavirus Global Updates 13 July ::: :U.K. Opening Fears; Chinese Bankers Lose Perks; Zimbabwe Speeds Up Vaccinations

Tue Jul 13 08:48:54 CAT 2021

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Coronavirus Global Updates 13 July :::  :U.K. Opening Fears; Chinese Bankers Lose Perks; Zimbabwe Speeds Up Vaccinations

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Zimbabwe COVID19 Update

COVID-19 update: As at 12 July 2021, Zimbabwe had 70 426 confirmed cases, including 46 932 recoveries and 2 236 deaths. To date, a total of 926 312 people have been vaccinated against COVID-19.

U.K. Opening Fears; Chinese Bankers Lose Perks: Virus Update
U.K. Prime Minister Boris Johnson faced  <https://www.bloomberg.com/news/articles/2021-07-13/johnson-s-u-k-virus-gamble-sparks-fear-and-unease-as-cases-grow> warnings that his plan to ease remaining coronavirus restrictions in England could lead to a surge in infections that will strain hospitals and undermine an economic recovery.

Australia has a “firm commitment” to launch a quarantine-free travel bubble with Singapore, likely to now occur by year-end due to Sydney’s outbreak, Australia’s top diplomat to the city-state  <https://www.bloomberg.com/news/articles/2021-07-13/australia-eyes-year-end-travel-bubble-with-singapore-envoy-says> said. The number of Sydney residents hospitalized by Covid-19 rose to 65, a sign that authorities might impose tighter curbs on movement. China’s two biggest investment banks are cutting travel budgets and asking managing directors to  <https://www.bloomberg.com/news/articles/2021-07-13/china-s-top-brokers-ask-senior-bankers-to-fly-coach-to-cut-costs> fly coach.

 <http://www.firstmutual.co.zw/> 

U.S. regulators added a warning to Johnson & Johnson’s  <https://www.bloomberg.com/news/videos/2021-07-13/j-j-vaccine-gets-fda-warning-about-rare-immune-disorder-video> vaccine after a rare immune-system disorder was reported in about 100 of the more than 12 million people who received the inoculation. The U.S. recorded its biggest weekly increase in Covid infections since April 2020, with cases soaring 47% for the week ending Sunday, as the delta variant spreads while vaccination rates fall.

 <https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/> 

Goldman on Pandemic and U.S. Economy 
Covid is fueling a productivity boost for the U.S. economy by speeding up workplace digitization, according to Goldman Sachs Group Inc., which  <https://www.bloomberg.com/news/articles/2021-07-13/goldman-says-pandemic-is-shaping-a-more-productive-u-s-economy> said annualized growth in output per hour has risen 3.1% since the crisis began, compared with 1.4% in the previous business cycle.

Cases at Malaysian Vaccination Center 
A vaccination center in the Malaysian state of Selangor was closed down for a day after staff  <https://www.bloomberg.com/news/articles/2021-07-13/malaysia-shutters-vaccination-centre-after-staff-test-positive> tested positive, Science Minister Khairy Jamaluddin said. It’s the first time the country has shuttered a center since beginning its vaccination campaign in February.

U.K. Virus Gamble Sparks Fears 
With social distancing and the mandatory wearing of masks due to end in England on July 19, Prime Minister Boris Johnson is  <https://www.bloomberg.com/news/articles/2021-07-13/johnson-s-u-k-virus-gamble-sparks-fear-and-unease-as-cases-grow> pushing ahead with dropping virus measures even as a new wave of the pandemic takes hold.

Daily hospital admissions are expected to hit 1,000-2,000 per day at a peak in August and there could be as many as 200 daily deaths, according to modeling by the U.K.’s Scientific Advisory Group for Emergencies. Economists expect a dip in consumer confidence in the coming weeks due to the greater perceived threat to public safety.

China Export Growth Accelerates 
 <https://www.bloomberg.com/news/articles/2021-07-13/china-s-exports-climb-almost-20-in-june-in-yuan-terms> China’s exports unexpectedly surged in June, helping underpin the economy amid signs the recovery is starting to slow. Export growth accelerated to 32.2% in dollar terms in June from a year earlier, the customs administration said, overturning economists expectations of a slowdown to 23%.

Imports climbed 36.7%, beating the median forecast of 29.5% and leaving a trade surplus of $51.5 billion, the highest since January.

Japan to Give Vietnam Vaccines 
Japan will provide  <https://www.bloomberg.com/news/terminal/QW5W5JT0G1KZ> 1 million more vaccine doses to Vietnam, with delivery expected on July 16, bringing its total donations to the Southeast Asian country to 3 million, according to a Vietnam health ministry publication.

Sydney Hospital Admissions Rise 
The number of Sydney residents  <https://www.bloomberg.com/news/articles/2021-07-13/sydney-s-covid-outbreak-puts-65-in-hospital-as-delta-spreads> hospitalized from Covid-19 increased to 65 as the Australian city struggles to contain an outbreak of the delta variant. A man in his 70s died, the second fatality in the past week from an outbreak that’s grown to more than 700 cases since mid-June.

The hospitalizations are a worrying sign that authorities may impose tighter movement restrictions after Sydney was placed into a lockdown on June 26, as the city battles its largest coronavirus outbreak in more than a year.

Mary-Louise McLaws, a professor at the University of New South Wales and adviser to the World Health Organization, told Bloomberg Television that Sydney should have locked down earlier. 

New Zealand Border Restrictions 
Finance Minister Grant Robertson said New Zealand’s  <https://www.bloomberg.com/news/terminal/QW5S10T0G1L0> border curbs “will be with us for some time” as the pandemic continues to evolve, but there are opportunities to refine the approach as vaccination rates increase.

Australia-Singapore Travel Bubble Talks 
“There’s a very strong commitment for officials, both governments in Australia and here in Singapore, to progress the systems -- the operational capabilities, the requirements -- that will be necessary to ensure safe travel,” Australia’s High Commissioner to Singapore Will Hodgman  <https://www.bloomberg.com/news/articles/2021-07-13/australia-eyes-year-end-travel-bubble-with-singapore-envoy-says> said in an interview with Bloomberg Television.

A quarantine-free travel bubble is now more likely to occur by the end of the year due to an outbreak in Sydney, Hodgman said.

Chinese Banks Cut Travel Budgets 
China’s two biggest investment banks are cutting  <https://www.bloomberg.com/news/articles/2021-07-13/china-s-top-brokers-ask-senior-bankers-to-fly-coach-to-cut-costs> travel budgets, in another example of state-owned financial groups coming under pressure to reduce costs and support the country’s recovery from the pandemic.

Among the cuts at Citic Securities Co. and CSC Financial Co., managing directors will be downgraded to economy-class for some flights, according to memos seen by Bloomberg.

Japan to Approve Antibody Cocktail 
Japan’s health ministry plans to  <https://www.bloomberg.com/news/terminal/QW5M9TT0G1L4> approve Regeneron’s casirivimab-imdevimab antibody cocktail for the treatment of Covid-19 as soon as next week, the Mainichi newspaper reported, without attribution. The ministry will hold a panel meeting to discuss the treatment on July 19.

J&J Shot Gets Warning About Rare Disorder 
The fact sheet for Johnson & Johnson’s Covid vaccine was revised to  <https://www.bloomberg.com/news/articles/2021-07-12/j-j-vaccine-linked-to-immune-system-side-effect-cdc-says> warn of the risk of a rare immune-system disorder, adding new headwinds for a shot once expected to be a linchpin of the U.S. immunization effort.

The Food and Drug Administration said it was adding the warning after 100 reports of Guillain-Barré Syndrome, a rare condition in which the immune system attacks the nerves, among people who had received the shot. So far, about 12.8 million Americans have been given the one-dose vaccine.

The FDA said 95 of the cases required hospitalization and one person had died. While the available evidence suggests a link between the shot and the syndrome, the agency said the data was insufficient to be able to say definitively it had caused the illness. Symptoms began within 42 days of receiving the shot.

Fire at Iraqi Hospital Kills 36 Covid Patients 
A fire at the al-Hussein hospital in the southern Iraqi city of Nassiriya killed at least 36 Covid-19 patients and injured dozens, according to the state-run Iraqi News Agency.

Warren Seeks Amazon Mask Probe 
Senator Elizabeth Warren  <https://www.bloomberg.com/news/terminal/QW5BSNT1UM0W> is urging the Department of Justice and the Federal Trade Commission to review her investigation of Amazon Inc. for deceiving search results on the sale of masks authorized by the U.S, Food and Drug Administration.

Finding the masks on Amazon “is a mess, and Amazon seems to be actively misleading customers,” she says on Twitter.

France to Mandate Shots for Some 
France is set to make vaccines compulsory for health-care workers and those who work with vulnerable people, as President Emmanuel Macron tries to encourage the vaccine-shy French to get immunized.

While European countries are on the whole pushing ahead with plans to reopen, they are also looking at new pandemic measures as the rate of infection rises. Macron said he will also force people to use so-called health passes to visit bars and restaurants and step up border controls.

Meanwhile, the Spanish region of Catalonia will force restaurants and nightclubs to close at half-past midnight and limit meetings to 10 people, El Pais newspaper reported.

Unrest Slows South Africa Inoculations 
South Africa’s vaccination program  <https://www.bloomberg.com/news/terminal/QW56VZT0G1KW> faltered amid widespread unrest and looting following the imprisonment of former President Jacob Zuma.

The country vaccinated 146,577 people in the 24 hours to 5 p.m. local time compared with over 191,000 late last week, according to information on a National Department of Health website.

Inoculation numbers had been climbing steadily toward a target of 300,000 a day set by President Cyril Ramaphosa. There were reports of some sites not operating on Monday while many people kept off the streets amid the violence.

Greece Mandates Vaccinations 
Greece is mandating vaccinations for those who work in senior citizen homes, within private or public health-care and for those in the military, Prime Minister Kyriakos Mitsotakis said Monday in a national television address.

Meanwhile, all indoor areas -- including nightclubs and bars, cinemas and theaters -- will only be open for those who have been vaccinated, Mitsotakis said. Greece has seen a jump in the daily number of new coronavirus cases attributed mainly to large social gatherings of younger adults.

U.K. Risks Seen With Curbs Lifted
England is facing multiple “major risks” after pandemic restrictions are lifted next week -- including hospitals coming under intense pressure, a new vaccine-resistant variant emerging, and as many as 200 Covid-19 deaths per day.

Newly released data from the U.K.’s Scientific Advisory Group for Emergencies (SAGE)  <https://www.bloomberg.com/news/articles/2021-07-12/england-faces-up-to-200-daily-covid-deaths-when-august-peak-hits> suggests the picture could be far worse if the public immediately abandons basic precautions such as wearing face coverings on trains and in crowded indoor spaces when the rules are eased on July 19.

The findings, based on a clutch of studies commissioned by the government advisory group, will fuel the debate over whether Prime Minister Boris Johnson is taking too big a gamble by pressing ahead with his plan to lift curbs next Monday.

U.S. Cases Soar 
Confirmed cases of Covid-19 in the U.S. soared 47% to 136,351 in the week ended Sunday, data compiled by Johns Hopkins University and Bloomberg show. The largest weekly rise since April 2020 comes as the highly contagious delta variant spreads in the country amid declining vaccination rates. The death toll for the period ticked up to 1,629.

While last week’s figures are a fraction of the weekly numbers during the winter, about half of Americans remain unvaccinated, slowing the battle against the virus. The U.S. has administered 334 million doses of vaccine, enough to cover about 52% of residents, according to the Bloomberg Vaccine Tracker.

Sputnik Vaccine Is Effective Against Variants 
Sputnik V was shown to be effective against new Covid-19 variants, including the alpha, beta, gamma and delta strains, as well as two mutations detected in Moscow, according to a  <https://www.bloomberg.com/news/terminal/QW4UELT1UM12> study published in Vaccines magazine.

Pandemic Sparks Worst Hunger Since 2005: UN
As many as 811 million people -- more than a 10th of the global population -- were undernourished in 2020, the  <https://www.bloomberg.com/news/articles/2021-07-12/world-hunger-surged-to-15-year-high-as-virus-stifled-food-access> UN said in a report on Monday. The agency said it will now take a “tremendous” effort for the world to fulfill a pledge to end hunger by 2030, and reiterated a call to transform food systems.

U.S. Ships J&J Vaccines to Nepal 
The U.S. is delivering more than 1.5 million doses of the Johnson & Johnson’s vaccine to Nepal, Secretary of State Antony Blinken said in on Twitter.

Zimbabwe Speeds Up Vaccinations 
Zimbabwe ramped up daily Covid-19 vaccinations to a record as the government expects a faster rollout to help the economy recover from its second contraction into two years.

On Thursday 29,750 people were vaccinated, the highest number since the public rollout plan began earlier this year. To date, 895,980 people have received their first dose and 595,417 a second, according to Ministry of Health data.

Israel Clears Way for Third Pfizer-BioNTech Dose 
Israel’s Health Ministry granted permission to health providers to offer a third dose of the Pfizer Inc.-BioNTech SE coronavirus vaccine to immunocompromised patients, Channel 12 news reported Monday.

Patients eligible for the third dose include people who have undergone liver transplants and cancer patients receiving chemotherapy, the report said. 

INVESTORS DIARY 2021

Company

Event

Venue

Date & Time

Companies under Cautionary

ART

PPC

Dairibord

Starafrica

Fidelity

Turnall

Medtech

Zimre

Nampak Zimbabwe

DISCLAIMER: This report has been prepared by Bulls ‘n Bears, a division of Faith Capital (Pvt) Ltd for general information purposes only and does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. The information contained in this report has been compiled from sources believed to be reliable, but no representation or warranty is made or guarantee given as to its accuracy or completeness. All opinions expressed and recommendations made are subject to change without notice. Securities or financial instruments mentioned herein may not be suitable for all investors. Securities of emerging and mid-size growth companies typically involve a higher degree of risk and more volatility than the securities of more established companies. Neither Faith Capital nor any other member of Bulls ‘n Bears nor any other person, accepts any liability whatsoever for any loss howsoever arising from any use of this report or its contents or otherwise arising in connection therewith. Recipients of this report shall be solely responsible for making their own independent investigation into the business, financial condition and future prospects of any companies referred to in this report. Other  Indices quoted herein are for guideline purposes only and sourced from third parties.

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