Knee-jerk omicron shutdown exhibits lack of presidency coordination

The “knee-jerk” reaction from countries imposing border restrictions due to the new omicron Covid variant show that, according to CAPA – Center for Aviation – governments haven’t learned much about how to deal with Covid-19 effectively.

Multiple countries including the USA, Canada, UK and Singapore Postponed last week to restrict travel from southern Africa after the World Health Organization (WHO) flagged Omicron, which was first discovered in South Africa, a Variant of concern.

The newly identified strain has a large number of mutations and worrying properties that health professionals are concerned about.

Israel and Japan led a. a Prohibition for all foreign visitors.

Nearly two years after the pandemic, “we don’t seem to have really learned much,” CAPA chair emeritus Peter Harbison told CNBC “Squawk Box Asia” Thursday.

“There is very little coordination between governments about what we do. It’s like a squat every time,” he said, calling for a “multilateral consensus.”

The Chief Medical Advisor to the White House, Dr. Anthony Fauci, on Wednesday defended the U.S. travel restrictions, describing them as a temporary measure designed to buy time for health officials.

The WHO has warned countries against this impose blanket travel bans, argues that it will “worsen inequalities”. The UN health panel called instead for an “evidence-based” approach, including more screenings and possible quarantines.

South Africa has also slammed the travel restrictions as “unjustified”.

From Wednesday, 23 countries worldwide reported cases of the strongly mutated Omicron-Covid-19 variant.

Disastrous prospects for travel

The prevailing disjointed approach is having “catastrophic” effects on global recovery, said Harbison, whose agency provides market intelligence to the aviation and travel industries.

“The industry has to face the fact that it is not going to go away anytime soon and we will inevitably get these reactions every time there is a new burden that it will be very clear,” he said.

A passenger wears a face mask when she saw a coronavirus variant called Omicron on 29. 19.

MOHD RASFAN | AFP | Getty Images

Even before the advent of the Omicron tribe, the outlook for the travel industry – and especially aviation – was bleak.

The International Air Transport Association Forecast in October that next year international air traffic will struggle to approach pre-pandemic levels in 2019.

Asia hardest hit

The Asian aerospace industry is expected to be hardest hit in 2022, only reaching 11% of 2019 levels based on pre-omicron estimates. In comparison, 75% in Europe and 65% on the routes Europe-North America.

Compared to other parts of the world, Asia has so far only slowly opened up and lifted travel restrictions.

Singapore pioneered the resumption of travel in the region and took off bilateral travel agreements – known as vaccinated travel routes (VTLs) – with different countries including several neighboring neighbors.

If Singapore goes like this and really starts to close, then I guess [it] sends a very bad signal.

Peter Harbison

Chairman emeritus, CAPA – Center for Aviation

However, Harbison said the country’s response to the Omicron outbreak is being closely monitored.

“If Singapore goes down this path and really begins to close, I think it sends a very bad signal to the rest of the region,” he said.

However, China – Asia’s largest contributor to international tourism – continues to have the greatest impact on the region’s recovery. With little signs of China’s repeal international border restrictions In the short term, the effects on the industry could still be felt for some time.

“China has a massive impact on this region in terms of travel, so if they don’t move, this region in particular suffers,” said Harbison.

Gwyneth Paltrow’s Goop threatened with shutdown within the UK

LONDON – Gwyneth Paltrow’s company Goop has been warned that UK operations may be shut down after accounts are not filed.

According to Goop’s page on Companies House, As a corporate registrar in the UK, the company’s accounts are overdue.

Companies House issued a second notice for a “Forced strike” in AprilThis warns a company that it could be removed from the UK register and dissolved two months after the announcement.

However, according to Companies House, Goop’s strike process was suspended last week to allow more time to file its accounts. Goop received a strike notification for the first time in 2019, but it was also suspended. The accounts were audited in July 2020.

A Goop rep was not immediately available for comment when contacted by CNBC.

Paltrow founded Goop in 2008 but registered it as a UK company in 2011 when she lived in England with her ex-husband, Coldplay lead singer Chris Martin. The latest public valuation was in 2018 at $ 250 million, according to data The New York Times.

Goop is also facing a lawsuit in the United States from a man in Texas who claimed the brand’s vagina scented candle “exploded” burn after a few hours.

NBC News reported earlier this week that Colby Watson filed a class action lawsuit on Monday. Watson allegedly said he bought a $ 75 “This Smells Like My Vagina” candle from the Goop website in January, but after lighting it for the first time and burning it for three hours a month later, it “exploded” allegedly and was “engulfed” in high flames. ”

The candle has a warning advising users not to burn it for more than two hours listing on the Goop website.

A Goop spokesperson told NBC News that Watson’s claim was “frivolous”.

This isn’t the first lawsuit Goop faced after settling a $ 145,000 case in 2018 over health claims regarding vaginal jade egg use.

The Hollywood star’s brand has faced other criticisms of its health and “wellness” claims.

Last year, UK National Health Service CEO Simon Stevens said Paltrow’s Netflix show “the Goop Lab” was being promoted “dubious wellness products and shady practices.”

He argued that Paltrow’s brand “sells psychological vampire repellants, chemical sunscreen is a bad idea, and promotes colonic irrigation and DIY coffee enema machines even though they pose significant health risks.”

A spokeswoman for Goop told the BBC at the time that it was “transparent when we cover emerging issues that may not be backed by science or are in the early stages of review”.

Gasoline futures bounce as a lot of important pipeline stays shutdown following cyberattack

Signage will be displayed on a fence at the Colonial Pipeline Co. Pelham intersection and terminal in Pelham, Alabama, USA on Monday, September 19, 2016.

Luke Sharrett | Bloomberg | Getty Images

Fuel prices rose in stores on Sunday evening as much of one of the largest pipelines in the US remains closed after a year Cybersecurity attack.

Gasoline futures jumped 2% to $ 2,168 a gallon while Heating oil futures rose 1.2% to $ 2.03.

West Texas Intermediate Crude Oil FuturesThe US oil benchmark rose 56 cents to $ 65.46 a barrel. International benchmark Brent crude oil traded at $ 68.95 a barrel, for a profit of 65 cents. Natural gas futures were at $ 2.96 per million British thermal units while

Colonial Pipeline announced Sunday evening that some of its smaller side lines between terminals and delivery points are back online, but the main lines are still down.

“We are in the process of restoring service to other side panels, and will only bring our entire system back online if we believe it is safe and fully comply with all federal regulations,” the company said in a statement.

How quickly service is restored in the pipeline remains the deciding factor. While fuel depots are usually stored for a few days in tank farms, a prolonged outage can lead to an increase in fuel prices.

The Colonial Pipeline, which operates the largest pipeline transporting fuel from the Gulf Coast to the northeast, “suspended all pipeline operations” on Friday evening as a proactive measure following a ransomware cyberattack.

The pipeline is an essential part of the US petroleum infrastructure and transports around 2.5 million barrels of gasoline, diesel fuel, heating oil and jet fuel every day. The pipeline is more than 5,500 miles and carries nearly half of the east coast’s fuel supply. The system also supplies fuel to airports, including in Atlanta and Baltimore.

“Without this there is no transport in the region, so it is important that the pipeline is back on stream as soon as possible,” said Patrick De Haan, Head of Petroleum Analysis at GasBuddy. “The effects will potentially increase exponentially after about day 5,” he added.

President Joe Biden was notified of the pipeline’s closure Saturday morning, and the Department of Homeland Security’s cybersecurity and infrastructure security agency is coordinating with the Colonial Pipeline.

US Secretary of Commerce Gina Raimondo said Sunday that it is “All hands on deck are trying now.”

“We are working closely with the company, state and local authorities to ensure that they are back to normal operations as soon as possible and that there are no disruptions in supply,” she told CBS ‘Face the Nation.

The pipeline failure comes as Americans start traveling again as restrictions are lifted and Covid vaccination rollout accelerates. On Friday, the TSA checked more than 1.7 million passengers, the highest figure in more than a year.

“The colonial outage comes at a critical time for the recovering US economy: the start of the summer driving season,” said ClearView Energy Partners. “Persistent disruption that causes pump prices to rise significantly could increase the prospect of domestic policy intervention,” the company added.

The national average for a gallon of gasoline was $ 2,962 on Sunday, up 60% year over year, according to AAA.

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– CNBC’s Emma Newburger contributed to the coverage.