Covid vaccination charge forward of Nov tourism reopening

Tourist sitting on a swing on a beach in Thailand.

© Marco Bottigelli | Moment | Getty Images

Next Monday, Thailand will lift quarantine restrictions on travelers from more than 40 countries who have been fully vaccinated – even though less than half of its population has been fully vaccinated. // Added mention of travelers who need to be “fully vaccinated”

According to Our World in Data, only about 42% of the Thai population had been fully vaccinated against Covid-19 by October 27. In comparison, other countries in the region such as Cambodia, Malaysia and Singapore have had more than 70% of their population fully vaccinated against Covid.

The three Southeast Asian nations as well as Australia and China are there Thailand’s List of Approved Countriesas the country prepares to reopen to tourists on November 1st.

After this First announcement of the plan by the Thai Prime Minister in early October, Bank of America economists said it was good news for Thailand’s tourism sector, economic recovery and currency – but they found it was “not without risk.”

As has been shown in the other countries, the vaccination rate, especially in the Delta variant, is far too low to prevent an outbreak.

“Despite an impressive and admirable vaccination effort, full vaccination remains relatively low and inconsistent,” said the economists. “As can be seen in the other countries, the vaccination rate, especially for the Delta variant, is far too low to prevent an outbreak.”

Still, they said a lockdown is unlikely, given the country’s high risk tolerance, unless the capacity of the country’s intensive care unit is overwhelmed.

Due to uneven vaccination rates across the country, the data available may not clearly reflect vaccination rates in places like the capital, Bangkok. The Deputy Governor of the Bangkok City Council recently told Singapore-based media company CNA that 75% of the residents were vaccinated with the second dose.

The importance of tourism to Thailand

Among the economies in the region, Thailand is one of the most tourism-dependent economies, with the sector accounting for around 21% of GDP in 2019, according to Sian Fenner of Oxford Economics.

“Travel restrictions come with enormous economic and social costs and are a major reason Thailand’s economic recovery is lagging behind many of its competitors in the region,” said Fenner, chief Asian economist for the global consultancy.

… we do not expect domestic travel to fully recover to pre-Covid levels until 2025.

Sian Fenner

Senior Economist, Asia, Oxford Economics

“We believe that the government’s reopening of the borders, even though only about 40% of the population is fully vaccinated, reflects the country’s significant reliance on foreign tourists,” said Charnon Boonnuch, an economist at Nomura.

According to the government, the Thai economy grew by 7.5% year-on-year in the second quarter. This level of growth lagged behind other regional economies such as Malaysia, Singapore and the Philippines, which grew between 11.8% and 16.1%.

Oxford Economics is forecasting GDP growth of 1.8% for Thailand this year for the full year, while Nomura is forecasting Thailand’s GDP growth of 0.6% in 2021.

International travelers are not expected to return immediately, however, as visitors may still face quarantine regulations in their home countries, according to economists.

“We expect incoming tourism to recover in 2022, but even then we still expect international arrivals to be 66% below 2019 levels,” said Fenner. “In fact, we don’t expect domestic travel to fully recover to pre-Covid levels until 2025.”

Meanwhile, Bank of America economists highlighted that Chinese tourists – who made up about a quarter of Thai tourist arrivals in 2019 – are not expected to return until the latter half of 2022.

China has largely closed its borders to international travel since last year and continues to have a strict zero-covid strategy that has resulted in mass lockdowns, even with few infections reported.

Other parts of Southeast Asia are also looking to reopen their borders to international visitors, which, according to Nomura’s Boonnuch, has likely contributed to Thailand welcoming tourists again.

“The need to reopen has also increased due to increased competition from neighboring countries that have relaxed border rules, such as Singapore, which has a much higher full vaccination rate of 85%,” he said.

Singapore has announced vaccinated itinerary agreements with several countries including the US and UK, while Malaysia’s Tourism Minister told CNBC last week that the Country could reopen its borders to international tourists in November.

Correction: This story has been updated to accurately reflect the Bank of America note came out in early October following the Prime Minister’s announcement.

Blood clots linked to AstraZeneca shot have 22% mortality fee: examine

A paramedic prepares doses of the AstraZeneca vaccine for patients at a walk-in COVID-19 clinic at a Buddhist temple in the Smithfield suburb of Sydney on Aug. 4, 2021.

Saeed Khan | AFP | Getty Images

A new study has provided further details on the “rare but devastating” blood clotting complications associated with the Oxford-AstraZeneca Covid-19 vaccine.

In a peer-reviewed article published Wednesday in the New England Journal of Medicine, Massachusetts Medical Society scientists analyzed the first 220 cases of the disease reported in the UK.

The Oxford-AstraZeneca vaccine – now one of the most widely used Covid vaccines in the world – was launched in the UK in January, making it the first country to give the vaccine.

A very small number of people who have been vaccinated with the AstraZeneca Vaccine have suffered blood clots. The condition, described by health authorities marked as “extremely rare” by blood clots accompanied by low platelet counts.

Massachusetts Medical Society study uses data from 294 patients who presented to UK hospitals between March 22nd and June 6th) – have been identified.

All of these patients had received their first dose of the Oxford-AstraZeneca shot and went to hospital with symptoms between 5 and 48 days after their vaccination. The average time between vaccination and hospitalization was 14 days, the results showed.

The overall mortality rate for VITT in the study was 22%.

The researchers also found that 41% of patients who presented with VITT were not diagnosed with any underlying health problems. Of those who reported a past or current illness, the study found that there were no prevalent diseases or medications that were “unexpected in the general population”.

“Against the background of a successful vaccination program in the UK, VITT has emerged as a rare but devastating complication,” the study’s authors said in their report. “We found that it often affects young, otherwise healthy vaccine recipients and is associated with high mortality.”

“In our cohort, 85% of the patients were younger than 60 years, although the (Oxford / AstraZeneca) vaccination was predominant in older adults,” the scientists found.

As a precautionary measure, the UK is offering people under 40 years of age an alternative to the Oxford AstraZeneca vaccine since May.

People diagnosed with VITT were between 18 and 79 years old, with the mean age being 48, the study showed.

As of July 28, inclusive, an estimated 24.8 million first doses of the Oxford-AstraZeneca Covid vaccine had been administered in the UK, with an estimated 23.6 million second doses received.

On July 28, government figures show that for every million first or unknown doses of the Oxford AstraZeneca shot, 14.9 people developed a rare blood clot with low platelet counts. After a second dose of the vaccine, the number dropped to 1.8 cases per million.

The overall death rate for that period was 18%, the government data showed, with 73 deaths. Six of these occurred after the second dose.

Late last month, AstraZeneca published a study that found the VITT rate was 8.1 per million after the first dose of its vaccine, which dropped to 2.3 per million after a second dose.

According to official information, 411 suspected cases of VITT had been reported in Great Britain by July 28.

Benefits vs. Risks

Ann Taylor, AstraZeneca’s chief medical officer, said in March that the prevalence of blood clots in the number of people vaccinated is lower than what would normally be expected in the general population.

Both UK and EU drug regulators have identified possible links between the Oxford AstraZeneca vaccine and rare blood clots.

In April, the company announced it would comply with government requests in the UK and Europe to update its Covid vaccine labels. However, it stressed that WHO had said “a causal relationship is considered plausible but not confirmed”.

The UK Joint Vaccination and Immunization Committee has stated time and time again that for the vast majority of people, the benefits of the Oxford-AstraZeneca vaccine continue to outweigh the risks.

Several health authorities including the WHO, the European Medicines Agency and the International Society for Thrombosis and Hemostasis agree that the benefits of giving the vaccine outweigh the risks.

‘Change is coming’: UN units out Paris-style plan to chop extinction charge tenfold | Biodiversity

Eliminating plastic pollution, reducing pesticide use by two thirds, halving the introduction rate of invasive species and eliminating harmful environmentally harmful government subsidies amounting to 500 billion in biodiversity loss.

The goals of the UN Convention on Biological Diversity (CBD), which should help stop and reverse the ecological destruction of the earth by the end of the decade, also include protecting at least 30% of the world’s oceans and land and the Providing a third of the climate crisis mitigation through nature by 2030.

The newest design the agreement based on grueling virtual scientific and financial Negotiations in May and June, is under consideration by the governments ahead of an important summit in the Chinese city of Kunming, where the final text will be negotiated.

In addition to the draft targets for 2030, the new goals for the middle of the century include a tenfold increase in the current rate of extinction, the improvement of the integrity of all ecosystems, the appreciation of nature’s contribution to humanity and the provision of the financial means to make the vision a reality.

The Guardian assumes that the summit planned for October is expected to be postponed a third time due to the coronavirus pandemic. It is now expected to take place in Kunming in the first half of 2022, subject to personal preparatory negotiations that could take place in Switzerland at the beginning of next year.

Basile van Havre, co-chair of the CBD working group responsible for drafting the agreement, said the goals were based on the very latest in science. He added that if adopted, it could mean a significant change in global agriculture.

“Change is coming [in food production], “he said.” In 10 years there will be a lot more of us and they need to be fed, so it’s not about decreasing activity levels. It’s about increasing performance and doing better for nature.

“Halving the nutrient runoff, reducing the use of pesticides by two thirds and eliminating plastic discharge: that’s great. I am sure they will raise some eyebrows as they represent significant changes, especially in agriculture. “

Last month, Van Havre warned that the time was running out for an ambitious deal in Kunming, part of a decade-long goal to live in harmony with nature by 2050.

scientist have warned that humanity is causing the sixth mass extinction in the history of the planet, fueled by excessive resource depletion and overpopulation. One million species are threatened with extinction mainly from human activities. according to the UN assessment threatening the healthy functioning of ecosystems that produce food and water.

The plan includes the goal of protecting 30% of the world’s oceans by 2030. Photo: Soumyabrata Roy / NurPhoto / REX / Shutterstock

In the latest series of 21 goals to be negotiated in Kunming, nature-based solutions such as the restoration of moors and the introduction of regenerative agriculture will contribute at least 10 GtCO2e (gigatons of carbon dioxide equivalent) per year to efforts to contain the global climate crisis – about one Third of the required annual emission reductions of 32 GtCO2e, as in the Emissions gap report of the UN Environment Program 2020 – while at the same time ensuring that there are no negative effects on biodiversity.

“We wanted [the contribution of nature] into an absolute number. We don’t control what’s going on on the climate change agenda, but science tells us we can bring that into the issues, ”said Van Havre. “The challenge will be how we carry out the carbon footprint.”

Other goals include restoring freshwater and marine habitats, conserving the genetic diversity of wild and domesticated species, increasing financial flows to developing countries, improving business information disclosure about how their activities are damaging the environment, and respecting the rights of indigenous communities in decision-making about biodiversity.

Prof. Sir Robert Watson, who previously headed the United Nations Scientific Organizations on Climate and Biodiversity and held various senior positions in the UK government, NASA, the World Bank and the US government, welcomed the draft targets but cautioned that some are unrealistic and difficult to measure. Governments Failed to fully achieve the goals of curbing natural destruction for consecutive decades, including the goals for the 2010s as Aichi goals.

“Overall, the paper recognizes and deals with all key issues, as well as the 20 Aichi goals. The question is whether governments can set appropriate national targets and regulatory and legal frameworks so that other actors, particularly the private sector and financial institutions, can do their part, ”said Watson.

“I would have liked the paper to have explicitly recognized that the issues of biodiversity, climate change and land degradation had to be tackled together and that the goals, specifications and measures of the three conventions had to be developed and harmonized together.”

The goals and objectives now have to be negotiated in face-to-face meetings, where they are updated based on feedback from the national governments. Once the agreement is reached, the final agreement will be adopted by the 196 contracting parties to the CBD.

Elizabeth Maruma Mrema, Executive Secretary of the CBD, said, “Urgent policies are needed at the global, regional and national levels to transform economic, social and financial models in ways that change the trends that have exacerbated biodiversity loss , stabilize by 2030 and the recovery of natural ecosystems in the next 20 years, with net improvements by 2050. “

Find more Age of Extinction coverage here, and follow biodiversity reporters Phoebe Weston and Patrick Greenfield on Twitter for the latest news and features

Jim Cramer says Yellen’s rate of interest feedback ‘spooked the market’

CNBC’s Jim Cramer put the decline back on Monday on news from the US Treasury chief.

On Sunday, secretary Janet Yellen told Bloomberg News that raise the interest rate would be positive for the country if the Biden government’s grand spending plans help set off some inflation in an expanding economy.

“The prospect of higher interest rates has scared the market,” said Cramer.Bad money“In response to the mixed meeting on Wall Street.

The Dow Jones industry average slipped 126 points, or 0.36%, to close at 34,630.24. The S&P 500 finished 0.08% lower at 4,226.52. The Nasdaq composite, however, was a winner, improving 0.49% to 13,881.72.

Yellen, a former chairman of the Federal Reserve, said Bloomberg President Joe Biden’s $ 4 trillion bailout could run to $ 400 billion a year, but argued that any surge in consumer prices would subside over the next year.

“It made salespeople [do] what is widely known as “hit bids,” “Cramer said, referring to when traders are willing to sell a stock below a buyer’s bid price.

That helped lower the steelmaker’s stock Nucor, one of the top S&P 500 winners this year. Nucor stock bounced back from its lows and closed at $ 107.37.

“Sellers overwhelmed buyers, beating all bids” to an intraday low of $ 105.51, down from $ 110 last week, Cramer said.

“I think it’s a fabulous buying opportunity. Nucor has had several years of doing well when the [business] Cycle gets going, “he said.” But the stock closed more than 1%, which put me in an opposition camp. “

WHO chief warns an infection fee approaching highest stage to this point

The Director General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, will attend a press conference at WHO headquarters on July 3, 2020, organized by the Union of Geneva Correspondents’ Association (ACANU) in the context of the COVID-19 outbreak caused by the novel coronavirus was organized in Geneva.

FABRIC COFFRINI | AFP | Getty Images

LONDON – The head of the World Health Organization said on Friday an alarming trend of rising Covid cases had caused infections worldwide to reach their highest level since the pandemic began.

“Worldwide cases and deaths continue to rise at a worrying rate,” WHO Director General Tedros Adhanom Ghebreyesus said in a briefing on Papua New Guinea and the western Pacific.

“Globally, the number of new cases per week has almost doubled in the past two months. This is approaching the highest infection rate we’ve seen to date during the pandemic,” he continued.

“Some countries that previously avoided widespread transmission are now seeing large increases in infections,” Tedros said, citing Papua New Guinea as an example.

Tedros said the United Nations Department of Health will continue to assess developments in the coronavirus crisis and “adjust advice accordingly”.

According to international health regulations, Tedros said the WHO emergency committee met on Thursday and he expected to receive their advice on Monday.

“Globally, our message to all people in all countries remains the same. We all play a role in ending the pandemic,” he said.

To date, more than 139 million Covid cases have been reported worldwide, with 2.9 million deaths. This is based on data compiled by Johns Hopkins University.

The WHO declared the coronavirus a global pandemic on March 11th last year.

Price Rout?: Cramer’s ‘Mad Cash’ Recap (Thursday 3/18/21)

Wall Street freaked out last year when the Federal Reserve aggressively cut interest rates to fight COVID, and some have now freaked out again as Federal Reserve Chairman Jerome Powell plans to keep rates low. That was Jim Cramer’s take on Thursday’s head-scratching sale. Low interest rates are historically good for stocks, but not for all stocks.

Cramer told Mad Money viewers that as inflation rises, the future profits of high-growth tech companies will become less attractive. This means that money managers move out of growth into cyclical and financial areas.

Normally that wouldn’t be a huge problem, but with so many tech stocks flooding the market, there’s still a lot to sell.

The bigger problem, however, remains: are investors right to worry about inflation? Cramer doesn’t think so. He said many of the rising commodity prices are temporary. Oil prices have already fallen as OPEC eases restrictions. Plastic prices will fall once many Texas plants are back online after crippling storms. And the shortage of wood could be remedied by calling our neighbors in northern Canada. After all, interest rates cannot grow trees.

Even the shortage of semiconductors is partly a short-term problem as many chips get stuck on ships due to work problems in our ports. Chips are usually shipped in the holds of commercial flights as well, and we still have a shortage of these.

According to Cramer, Powell is right to prioritize unemployment over inflation. Jobs are a long-term problem, inflation is not. In the meantime, investors will need to be patient until this sell-off subsides.

Cramer and the AAP team look at everything from revenue and politics to the Federal Reserve. Find out what they have to say to their investment club members and have fun with a free trial subscription to Action Alerts Plus.

Executive decision: Magna International

In his first “Executive Decision” segment, Cramer spoke to Swamy Kotagiri, CEO of Magna International ((MGA) – Get the report The auto parts and assembly giant with stocks rose 250% over the past year. Magna shares currently only trade for 12 times earnings.

Kotagiri stated that Magna is no longer just an auto parts maker. Instead, they call themselves a $ 40 billion tech startup with a 60-year history. All of Magna’s end markets add up to over $ 3 trillion.

Despite popular belief, Kotagiri said Magna is actually agnostic when it comes to propulsion systems. He said 70% to 80% of the parts and systems they make are found in both internal combustion engines and electric vehicles.

When asked about electric vehicles, Kotagiri said they were very excited about their partnerships with Fisker ((FSR) – Get the report. He said they had partnered with the electric vehicle maker from the very beginning, and Fisker benefited from their extensive knowledge of systems and integrations. Magna currently works with dozens of OEM partners and nothing prevents them from working with additional partners in the future.

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At the time of publication, Cramer’s Action Alerts PLUS had no position in the stocks mentioned.