Coronavirus Global Updates, Mar 07 :::: Italy Considers New Curbs; U.K. Steps Up Jabs

Sun Mar 7 14:05:46 CAT 2021

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Zimbabwe COVID19 Update

COVID-19 update: As at 06 March 2021, Zimbabwe had 36 260 confirmed cases, including 33 805 recoveries and 1 485 deaths.

Italy Considers New Curbs; U.K. Steps Up Jabs: Virus Update

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Italy’s government is considering tougher nationwide controls to counter a surge in coronavirus cases, according to local media reports.

Among measures being considered by the government and a panel of medical and science experts are turning regions into high risk “red zones” if the threshold of 250 weekly virus cases per 100,000 inhabitants is breached, and closing shopping malls during the week, Italian newspapers reported on Sunday.

“The second wave never stopped,” Health Minister Roberto Speranza told newspaper Corriere della Sera. “We’re seeing a very strong pickup due to the variants, which is leading us to take measures that are ever-more restrictive.”

The U.K. is expanding its vaccination program in a signal that it’s on track to meet its targets in fighting the pandemic. About 1.7 million people aged 56 to 59 are being invited to book an inoculation, the National Health Service said on Sunday.

In the U.S., Covid-19 cases increased by about 65,000 Friday, in a week in which new infections declined by 12%.

Poland Reports 13,574 New Covid Cases 
Poland had 13,574 new Covid cases over last 24 hours. That compares with 14,857 on Saturday and 10,099 a week earlier. There were 126 deaths, down from 245 on Saturday and up from 114 a week ago.

China to Help Overseas Chinese Get Jabs 
China will help overseas Chinese receive vaccines made domestically or abroad, Foreign Minister Wang Yi said Sunday during a press conference for the annual National People’s Congress. He added that his country will also introduce health certificates for international travelers, while pledging to protect personal privacy.

Russian Case Rates Decline 
Russia on Sunday reported 10,595 new Covid-19 cases in the past day and an additional 368 deaths, continuing a trend of gradual decline since a daily peak of nearly 30,000 infections in late December.

U.S., South Korea to Hold Computer-Simulated Drills Amid Virus 
The U.S. and South Korea will hold regular joint military drills from Monday as scheduled, but will limit them mainly to computer simulations because of concerns about the pandemic and fears the exercises could provoke North Korea.

The “strictly defensive” nine-day drill will be a command-post exercise, South Korea’s Joint Chiefs of Staff said in a statement on Sunday. The decision was made to scale down after “comprehensive consideration” of the coronavirus situation and diplomatic efforts to achieve denuclearization and peace on the Korean peninsular.

Hong Kong Inoculates 11,000 With Sinovac Vaccine
Hong Kong administered vaccines from Sinovac to about 11,000 people Saturday, bringing the total number inoculated with the first dose to around 83,400 since February 22, according to a government statement on March 6.

Japan May Allow Further Covid-19 Vaccine by June, Minister Says 
Japan may approve another Covid-19 vaccine in May or June after allowing the Pfizer Inc.-BioNTech SE vaccine in February, Japanese Health Minister Norihisa Tamura said on Fuji TV on Sunday.

“AstraZeneca and Moderna’s vaccines have filed for approval, and these may be approved as early as May or June,” he said. “Of course, it is under careful screening at the moment, and we must see their safety and effectiveness,” the minister said.

Thailand Plans to Ease Quarantine Rules for Tourists, Post Says 
Thailand plans to relax quarantine rules for foreign visitors from next month as part of a series of steps considered to revive the tourism industry, the  <https://www.bloomberg.com/news/articles/2021-03-07/thailand-plans-to-ease-quarantine-rules-for-tourists-post-says> Bangkok Post reported.

The proposed move would allow tourists to leave their hotel rooms after three days of a mandatory two-week quarantine but would still require them to stay on hotel premises, the newspaper said.

Vegas Benefits as Nevada Eases Some Virus Rules 
Nevada Governor Steve Sisolak has signed an emergency order adjusting the minimum distance between performers and audience members in the tourist and convention destination of Las Vegas, the  <https://www.bloomberg.com/news/articles/2021-03-06/the-latest-dalai-lama-receives-coronavirus-vaccine> Associated Press reports.

The minimum distance between performers and audience now stands at 6 feet (1.8 meters) if performers are wearing masks and 12 feet when performers are unmasked, compared to 25 feet before, a restriction some smaller venues could not accommodate.

Metro Manila Mayors to Shut Cinemas Again as Cases Spike: ABS-CBN 
Mayors in the Philippine capital region Metro Manila have agreed to again shut cinemas and amusement arcades as coronavirus cases surge, ABS-CBN News reported. Hotels which were converted into quarantine facilities for coronavirus patients are 89% full and there’s a need to strictly enforce health protocols before things get out of hand, the report said, citing Metropolitan Manila Development Authority Chairman Benhur Abalos.

Brazil’s Weekly Cases, Deaths Hit Records 
Brazil’s weekly cases and deaths surged to records, the Health Ministry  <https://covid.saude.gov.br/> reported, as it battles a variant fueling a  <https://www.bloomberg.com/news/features/2021-03-05/coronavirus-crisis-in-brazil-deepens-as-covid-variant-spreads-and-deaths-spike> potent new wave of the virus.

It announced 69,609 new cases on Saturday, ending a week with 421,604 new infections. The previous record of 379,061 weekly cases was reported the second week of January. Total cases are now 10.9 million, the most after the U.S. and India.

Another 10,104 fatalities were reported, breaking a record set the previous week. Total deaths are 264,325, second after the U.S., where cases and deaths are declining.

Dalai Lama Gets Vaccinated 
The Dalai Lama got his first shot of vaccine and encouraged others to “have courage” also to take it “to prevent some serious problem.”

“This injection is very, very helpful, very good,” he said in a  <https://www.youtube.com/watch?v=51ypzc5hqpc&t=72s> video message. The Tibetan spiritual leader, 85, received a shot from AstraZeneca in Dharamshala, India.

EU Seeks Astra Shots Made in U.S. 
The European Union will ask the U.S. to authorize the  <https://www.bloomberg.com/news/terminal/QPJII9DWLU6B> export of millions of doses of AstraZeneca Plc’s Covid-19 vaccine to the bloc, the Financial Times reported on Saturday.

The European Commission plans to raise the matter in upcoming talks focused on increasing cooperation in the fight against Covid-19, the newspaper cited EU officials as saying. It will also ask the U.S. to ensure the free flow of shipments of key vaccine ingredients needed for European production, including those for mRNA inoculations.

U.S. Risk Level Revised Downward by Germany 
Germany has lowered its Covid-19 risk assessment for the U.S. by one notch, effective Sunday.

While a decline in infections means the U.S. is no longer classified as a “high-incidence” country, it’s still a “risk area” because the one-week average of new cases exceeds the threshold of 50 per 100,000 residents, the Foreign Ministry in Berlin said on its website.

Germany also lifted a travel warning for several parts of Croatia, including Istria, a popular tourist destination. By contrast, a travel warning for parts of Greece was expanded to the whole country, which the Foreign Ministry said is “strongly affected” by the coronavirus.

Swedes Protest Against Restrictions 
Sweden’s first major demonstration against coronavirus restrictions was broken up by Stockholm police on Saturday, the Associated Press reported. Swedish media showed a crowd, estimated at several hundred, gathering without masks near the capital’s Old Town.

Aftonbladet said the protest was organized by a group called Freedom Sweden.

Sweden pulled back from its largely hands-off early approach to the pandemic after many more people died than in its more restrictive Nordic neighbors.

Paraguay Government Upended After Protests 
Paraguay’s President Mario Abdo Benitez said Saturday he will  <https://www.bloomberg.com/news/articles/2021-03-06/paraguay-s-president-upends-cabinet-after-protests-over-covid> name new cabinet ministers amid unrest over his government’s handling of the pandemic that has left at least one person dead.

Abdo Benitez said he would name a new cabinet chief as well as new health and education ministers in the coming hours “for the sake of peace.” More changes will be evaluated next week, he said, adding that the new health minister will have the mandate to “make all possible efforts to guarantee the timely supply of medicine and medical supplies.”

California Positive Test Rate Drops 
California’s test positivity rate dropped to 2.3%, the lowest based on the state’s data that go back to the start of April.

Hospitalizations also slumped to the lowest since Thanksgiving, before travel amid the year-end holidays led to a jump in cases in the state. The 14-day rolling average for new cases dropped to the lowest since the start of November.

More than 10 million doses of vaccines have been administered in the state. “The light at the end of the tunnel keeps getting brighter and brighter,” Governor Gavin Newsom tweeted Friday in announcing the milestone.

Venezuela Gets More Sputnik-V Vaccine 
Venezuela received its second batch of 100,000 doses of Sputnik-V vaccines, Health Minister Carlos Alvarado said on state television.

He said Venezuela has a total of 700,000 doses of vaccines, 500,000 from China and 200,000 from Russia. Over 80,000 health and priority personnel have been vaccinated, Alvarado said. President Nicolas Maduro and his wife Cilia Flores said they received the first dose of the Sputnik V vaccine, in an interview on Telesur on Saturday.

The government will start vaccinating 250,000 people on Monday with shots received from China, beginning with 100,000 school teachers, Alvarado said.

U.S. Economy Brightens With Stimulus 
With Democrats on the verge of passing an almost $2 trillion stimulus bill and Covid-19 vaccinations moving ahead, the U.S. economic outlook is  <https://www.bloomberg.com/news/articles/2021-03-06/u-s-economy-ready-to-surge-with-stimulus-expanding-vaccines> much sunnier than it looked in early January.

The latest Bloomberg monthly survey of economists shows the annualized pace of growth in the first quarter will be 4.8%, twice as fast as respondents expected just two months ago. For the full year, gross domestic product is projected to rise 5.5%, which would be the fastest since 1984 and is up from January’s estimate of 4.1%.

Philippines to Receive Moderna Shot 
Moderna announced an agreement to supply the Philippines with 13 million doses of its vaccine. The company said deliveries of the vaccine, not yet approved in the Philippines, would begin in mid-2021.

Senate Passes Relief Package 
President Joe Biden’s signature $1.9 trillion Covid-19 relief bill  <https://www.bloomberg.com/news/articles/2021-03-06/senate-passes-1-9-trillion-relief-package-after-marathon-votes> passed the Senate 50-49 on Saturday, following a more than 25-hour marathon of amendment votes that was completed only after a lengthy interruption while Democrats settled an intra-party dispute over unemployment aid.

The measure, the American Rescue Plan Act, now heads back to the House, with Democrats aiming to have it signed into law next week. Enactment would hand Biden his first legislative victory and set the stage for work this spring on a massive infrastructure and manufacturing recovery bill that he wants.

But because of changes made in the Senate to satisfy moderate Democrats, it’s not clear if more negotiations with progressives might be necessary to win final passage in the House.

U.K. Conducts Record Tests 
The U.K. conducted a record 992,812 tests on March 4 as the country prepares to open schools on Monday. That brings total tests given to more than 90 million. The figure includes both PCR tests in laboratories and lateral flow devices that give results in less than an hour.

Students in England will be tested three times during the first two weeks of school and will be given two tests a week to use at home after that, the BBC said.

Cases and deaths continued to decline on Saturday with 6,040 new infections and 158 fatalities, both below the previous seven-day averages.

N.Y. Hospitalizations Dip Below 5,000 
New York state hospitalizations, the highest in the U.S., fell below 5,000 for the first time since early December, Governor Andrew Cuomo said in a statement. The number of people hospitalized dropped by 491 over the past week to 4,954, he said.

The state reported 7,647 new cases, little changed from recent increases. The statewide positive test rate dropped 2.8%, the lowest since Nov. 21, the governor said. Another 78 people died.

U.S. Outbreak Continues to Decline 
The U.S. added 65,237 cases Friday, as new infections continued to decline, according to data compiled by Johns Hopkins University and Bloomberg.

While the latest daily increase exceeds the weekly average of almost 61,000, new cases have fallen 12% this week compared with the previous one.

Another 2,535 new deaths were reported, the most in more than a week and higher than the weekly average of about 1,750. Average deaths fell this week by 17% compared to the previous seven days.

States have moved rapidly to relax restrictions as vaccines roll out, with 85 million doses given in the U.S., according to the Bloomberg  <https://www.bloomberg.com/graphics/covid-vaccine-tracker-global-distribution/> Vaccine Tracker. But cases and hospitalizations remain high, falling just recently to the levels of the surge last summer. Deaths remain well above that level.

Finland Postpones Local Elections 
Finland is  <https://www.bloomberg.com/news/articles/2021-03-06/finland-postpones-local-elections-to-june-as-pandemic-worsens> postponing its countrywide local elections by two months as the coronavirus pandemic takes a turn for the worse.

Eight of nine parliamentary parties support moving the municipal vote to June 13 from April 18, Justice Minister Anna-Maja Henriksson said in a message posted on Twitter on Saturday.

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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