Stock futures down sharply on Covid, economic growth worries

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BY THE NUMBERS

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Dow tumbles 700 details for its worst drop because Oct as buyers panic a Covid resurgence

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U.S. shares fell aggressively Monday on concern a rebound in Covid situations would slow international economic growth. The providing picked up as the session went on, and the Dow Jones Industrial Normal had its worst day considering that last Oct.

The Dow dropped 725.81 factors, or 2.1%, to 33,962.04 in a broad-dependent rout that despatched all 30 associates reduced. At a single stage in the course of the session, the Dow was down 946 details before recovering some ground into the shut.

The S&P 500 fell 1.6% to 4,258.49. Vitality, financials and industrials ended up the worst-executing sectors.

The tech-dominated

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U.K. health minister Sajid Javid assessments favourable for Covid

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Vacationers and the travel marketplace vented aggravation and anger on Saturday after Britain reversed a approach to ease vacation restrictions on France just two times following they were owing to commence, citing concerns about a variant of the coronavirus.

The transfer will come despite the point that France at this time has lower fees of the virus than the U.K., the place the extremely contagious delta variant is driving a surge in infections. On Saturday, Health Secretary Sajid Javid, who is in cost of Britain’s coronavirus response, said he has examined constructive for Covid-19 and is self-isolating though he awaits

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Singapore and the UK are both planning to ‘live with Covid.’ They are worlds apart on how to do that

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But while they may agree that the virus is here to stay, in some form, for the foreseeable future, these countries have radically different approaches to dealing with it.

While the UK has one of the highest numbers of Covid-19 related deaths in the world — nearly 129,000 since the pandemic started — only 36 people have died of Covid-19 in Singapore. For every 100,000 of the population in the UK, there have been 192.64 Covid-19 deaths in the UK. This goes down to 0.63 in Singapore, according to Johns Hopkins University data.

The UK government was widely condemned for
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Treasury yields slide amid concerns about growth, Covid

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The 10-calendar year U.S. Treasury generate fell as very low as 1.25% on Thursday, its most affordable stage considering the fact that February, continuing a sharp reversal in the bond sector amid expanding concern about the speed of the global financial restoration.

The produce on the benchmark 10-yr Treasury notice was 2.8 foundation points decrease at 1.293% by 4:00 p.m. ET, climbing back a bit right after achieving 1.25% earlier in the session. The yield on the 30-year Treasury bond dipped 2.5 foundation details to 1.919%. Yields shift inversely to prices and 1 foundation place equals .01 share details.

“This

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U.K. To Elevate Covid Limits But Travel Bans To Continue to be In Place, For Now

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U.K. Primary Minister Boris Johnson declared at a push conference Monday that most lockdown limits will end on 19 July, even with the latest increase in everyday infection premiums of the Delta variant of Covid-19.

However, for the time becoming, border controls are becoming maintained, as is the U.K. red record. Johnson mentioned that he will do the job with the travel field to get rid of the need to have for thoroughly vaccinated travelers to

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New Covid outbreaks a best hazard to financial restoration, OECD chief says

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Covid-19 vaccinations without prior registration getting performed at Sector 30 district clinic on June 22, 2021 in Noida, India.

Sunil Ghosh | Hindustan Occasions | Getty Photos

New outbreaks of Covid-19 continue to be 1 of the major hazards to a world-wide economic restoration, the OECD’s secretary-standard has warned, calling for designed nations to guidance a lot less-made nations with their vaccination programs.

“We will have to do what we can to get as several individuals as we can, all around the earth, vaccinated. There is a specific obligation for produced economies and it truly is not just a make

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How Uk PM Johnson resolved to delay COVID reopening

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  • Reuters’ vaccine tracker: https://tmsnrt.rs/3zr9NFl

LONDON, June 15 (Reuters) – British Primary Minister Boris Johnson on Monday delayed by a month his programs to elevate the last COVID-19 restrictions in England immediately after modelling showed that hundreds much more folks may well die due unless of course reopening was pushed back again.

The move was owing to the speedy distribute of the Delta coronavirus variant, which is more transmissible, related with decrease vaccine efficiency versus mild ailment and could trigger a lot more hospitalisations in the unvaccinated.

He explained the additional time would be utilized to pace up Britain’s vaccination programme

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‘We could lose it all’: UK jazz tries to get its groove back after Covid | Jazz

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Music moves differently depending on the space it’s played in. A typical pre-Covid Wednesday evening at the Matchstick Piehouse in London would see its arch space filled with writhing bodies as the jazz collective Steam Down spilled off the stage, their music in dialogue with our yelps, claps and calls to the band.

But on a humid night in May, during the first week of socially distanced indoor performances beginning again, the music took a different route. Playing two Steam Down sessions to a 30-person, seated and masked audience, the seven-person band launched into an extended riff on Nas’s

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China economic system not 100% recovered from Covid pandemic: ex-PBOC advisor

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China’s policymakers are “overly intense” in made up of debt concentrations, a leading Chinese economist explained to CNBC, even though acknowledging that the economic system has not wholly recovered from the pandemic.

China, where by the coronavirus was initially detected, was the only significant financial system that grew last year. The nation documented a 2.3% growth in 2020 from a 12 months ago, driven primarily by exports though restoration in use lagged.

“Overall, I would say the financial state, the Chinese economy is not 100% again to normalcy. I would say 90% again to normalcy,” Li Daokui, an economics professor

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Portion III playoffs arise from Covid shutdown: ‘It would seem like points are commencing again’

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Syracuse, N.Y. — Alarms went off in in the vicinity of unison at about 7:30 a.m. Saturday in the bedrooms of the Baldwinsville girls lacrosse players, typically unwelcome intrusions that instead sounded a symphony of exhilaration.

For the initial time in 15 months, Area III playoffs ended up returning to the fields of Central New York. And the Bees have been heading to be all set.

“We texted in the group chat, just essentially making an attempt to hype just about every other up. We have been all joking close to, finding completely ready for our dance celebration we have

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Commerce secretary on trade, restoration from Covid

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Hong Kong’s economic system has rebounded sharply following becoming strike by the Covid-19 pandemic — but it is really not out of the woods yet and some sectors are however reeling, said the city’s top trade official.

“The distribution of this rebound is rather uneven,” Edward Yau, Hong Kong’s secretary for commerce and financial enhancement, advised CNBC’s “Squawk Box Asia” on Thursday.

Yau discussed that imports and exports have been a “incredibly powerful catalyst” of expansion in the past handful of months, with total trade hitting history ranges in some months. On the other hand, retail income are moderating and

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Covid: Italy to impose quarantine on UK travellers

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Cases are people who have tested positive for coronavirus. Public health bodies may occasionally revise their case numbers. Case rate by age only available for England. *The “average area” means the middle ranking council or local government district when ranked by cases per 100,000 people.
The case rate chart shows how many people have tested positive each day for every 100,000 people in that area. The dark blue line shows the average daily rate over the past seven days. This average helps to show whether cases are rising or falling. The case rate by age chart shows how many people

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Outlook for April-June quarter GDP amid Covid

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Crowds of people today are seen procuring during a weekly sector at Kandivali.

SOPA Images | LightRocket | Getty Pictures

India is predicted to see double-digit enlargement in the 3 months ending in June — but economists alert that the details won’t be painting the comprehensive photograph of the country’s progress trajectory.

South Asia’s premier economic system introduced fourth quarter GDP information Monday that confirmed an growth of 1.6% from the exact same interval a yr back, driven generally by point out expending and producing sector development. Entire 12 months GDP is approximated to have contracted 7.3% as opposed to

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Uk approves Pfizer/BioNTech COVID shot for 12- to 15-year-olds

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A vial and syringe are witnessed in entrance of a displayed Pfizer emblem in this illustration taken January 11, 2021. REUTERS/Dado Ruvic/Illustration

Britain’s medicines regulator reported on Friday it experienced authorized the COVID-19 vaccine formulated by Pfizer (PFE.N) and BioNTech (22UAy.DE)for use on 12- to 15-yr-olds, adhering to identical clearances in the U.S. and the E.U.

The regulator stated it would now be up to the country’s Joint Committee on Vaccination and Immunisation (JCVI) to make your mind up no matter if to go forward and inoculate this age group as portion of Britain’s vaccination roll-out approach.

Children aged 12-15

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What can the UK government do to stave off a third Covid wave? | Coronavirus

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The coronavirus variant first identified in India is now dominant in the UK. Data is emerging that suggests it is substantially more transmissible than the one first detected in Kent last year, and may increase the risk of hospital admissions and renders vaccines somewhat less effective, particularly after the first dose.

Although cases of the Delta variant are rising rapidly across the country, hospital admissions are yet to follow suit, but scientists say that could start to change if it is as infectious and harmful as the early data suggests.

Paul Hunter, a professor of medicine at the University of

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Covid: Slight rise in cases in UK, ONS statistics suggest

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Scientists are increasingly confident that the epidemic is growing in England.

This shift is reflected in their estimate of R – the number of people each infected individual passes the virus to.

Last week, it was somewhere between 0.9 and 1.1 (maybe shrinking, maybe growing) and now they think it’s between 1 and 1.1 (so almost certainly growing, albeit slowly).

The figures in Scotland and Northern Ireland still allow some possibility that their pandemics might be shrinking and the Welsh estimate is lower still (0.8-1.0).

They do warn about reading too much into precise figures for R. When case numbers

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Ex-Johnson aide lambasts United kingdom governing administration over COVID failures

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LONDON – U.K. Primary Minister Boris Johnson’s previous chief aide lashed out Wednesday at the govt he the moment served, indicating folks died “in horrific circumstances” mainly because of authorities’ unsuccessful reaction to the coronavirus pandemic.

In a ferocious assault, Dominic Cummings claimed the federal government was gradual and chaotic in its first reaction to COVID-19, and he accused Johnson of failing to master from early errors by resisting a next lockdown in the fall as virus scenarios soared.

Johnson, he told lawmakers in televised testimony, was “unfit for the career.”

“The truth is that senior ministers, senior officials, senior

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World’s 10 biggest economies before Covid pandemic vs. now

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A child runs past a wall mural depicting healthcare workers wearing face masks along a road in New Delhi, India on March 21, 2021.

Sajjad Hussain | AFP | Getty Images

SINGAPORE — The Covid-19 pandemic has shaken up the ranking of the world’s largest economies after sending many countries into their worst economic recessions in recent history.

The United States, China, Japan and Germany still take the top four spots as the world’s largest economies — but some rankings have shifted as a result of the pandemic while one country fell off the top 10 list, according to CNBC

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96% Of Persons Produce Covid Antibodies Right after Just One Shot Of Pfizer Or AstraZeneca Vaccine, U.K. Examine Finds

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Topline

A new U.K. research has uncovered that a lot more than 95% of Britons vaccinated with just one shot of the Pfizer or AstraZeneca vaccine acquire Covid-19 antibodies, a determine that rises to virtually 100% after the second dose, including to mounting proof from actual-environment deployment of the vaccines that exhibit they are productive and practical applications in bringing the pandemic below management. 

Important Facts

In a review of much more than 8,500 folks from England and Wales, who did not have antibodies

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Covid: Matt Hancock to give Indian variant update

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Today, 5 Live has been hearing from people facing the dilemma of whether or not to travel abroad this summer.

Valérie (pictured), in York, says she is conflicted over whether she should visit her terminally ill father in France later this year.

Originally from France herself, Valérie has a house near her father’s and travels there by ferry. She says she last visited in January when her mum died.

“With this India variant, I don’t know whether France will allow people from the UK to travel there,” she says.

“Time isn’t on my side. I don’t want to go too

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Covid jabs for children before world’s poor wrong – expert

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Copyright: PA Media

The government can keep the amount of public money spent on unusable personal protective equipment from two companies confidential, the High Court has ruled.

The Good Law Project and EveryDoctor are bringing legal action against the Department of Health and Social Care, claiming that contracts awarded to PestFix, Clandeboye and Ayanda Capital were given unlawfully at the height of the first wave of the coronavirus pandemic in April and May 2020.

The two groups allege DHSC has failed to provide proper reasons for why the contracts were awarded and say the government violated principles of

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Nurse who treated British isles PM Johnson for COVID slams government as she quits job- paper

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Britain’s Prime Minister Boris Johnson walks outdoors Downing Street, amid the coronavirus illness (COVID-19) pandemic, in London, Britain, April 14, 2021. REUTERS/John Sibley/File Picture

A nurse who seemed soon after British Prime Minister Boris Johnson in a medical center intense treatment ward as he battled COVID-19 is leaving her job, with a newspaper indicating she had turn into fed up with his government’s treatment method of healthcare employees.

Jenny McGee, from New Zealand, was 1 of two nurses singled out for praise by Johnson for their treatment during his spell in clinic very last April through which he stated the

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