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Inventory futures are flat after S&P 500 and Nasdaq shut at information, Tesla shares decline

Stock futures were unchanged on Tuesday as investors braced themselves for a large amount of technical gains.

Futures on the Dow Jones Industrial Average lost 30 points. The S&P 500 futures were flat. The Nasdaq 100 futures were also flat.

Tesla’s shares fell 3% in premarket trading even after the electric automaker posted a record $ 438 million profit. Tesla also significantly exceeded Wall Street’s earnings and earnings expectations, fueled by bitcoin sales and regulatory credit. Stocks have struggled this year, more than 18% from their record. Though the stock is still up 360% over the past 12 months.

The winning season for the first quarter starts in full swing on Tuesday. Major tech companies like Alphabet, Microsoft, and AMD are reporting after the bell.

So far, 84% of companies have had a positive earnings surprise, according to FactSet, as around a third of the S&P 500 have reported numbers. However, share movements were relatively subdued after the strong results as the market was at record levels with high valuations.

GameStop’s stock rose more than 8% in premarket trading after the video game retailer said it sold 3.5 million additional shares and raised $ 551 million to accelerate the company’s e-commerce transformation .

The S&P 500 rose to another record high on Monday, while the tech-heavy Nasdaq Composite rose 0.9% to hit its first new record high since February 12.

“Strong action suggests stocks may have even more upside,” said Jeff Buchbinder, equity strategist at LPL Financial. “Although valuations are elevated, they still seem reasonable given interest rates and inflation.”

The Federal Reserve starts its two-day session on Tuesday. The central bank is not expected to take action, but economists expect it to defend its policies to keep inflation running hot.

Apple and Facebook wins will follow after the bell on Wednesday.

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Covid-19 and Vaccine Information: Dwell International Updates

Here’s what you need to know:

Credit…Atul Loke for The New York Times

As a second wave of the pandemic rages in India, which set a global record new cases for the fifth consecutive day on Monday, countries around the world are trying to help. But their efforts to send oxygen and other critical aid are unlikely to plug enough holes in India’s sinking health care system to end its deadly catastrophe.

The Indian health ministry reported almost 353,000 new cases and 2,812 deaths on Monday. Enormous funeral pyres have spilled into parking lots and city parks. Experts say that India’s reported overall toll of more than 195,000 deaths could be a vast undercount.

The emergency in India, where a worrying virus variant is spreading rapidly, has global implications for potential infections worldwide, as well as for countries relying on India for the AstraZeneca vaccine, millions of doses of which are manufactured there.

“It’s a desperate situation out there,” said Ramanan Laxminarayan, the founder and director of the Center for Disease Dynamics, Economics & Policy, adding that donations will be welcome, but may make only a “dent on the problem.”

Scientists fear that part of the problem is the emergence of a virus variant known as the “double mutant,” B.1.617, because it contains genetic mutations found in two other difficult-to-control versions of the coronavirus. One of the mutations is present in the highly contagious variant that ripped through California earlier this year. The other mutation is similar to one found in the variant dominant in South Africa and is believed to make the virus more resistant to vaccines.

Still, scientists caution it is too early to know with certainty how pernicious the new variant emerging in India really is.

In the early months of 2021, the government of Prime Minister Narendra Modi acted as if the coronavirus battle had been won, holding huge campaign rallies and permitting thousands to gather for a Hindu religious festival.

Now, Mr. Modi is striking a far more sober tone. He said in a nationwide radio address on Sunday that India has been “shaken” by a “storm.” And countries, companies and powerful members of the diaspora have pledged to pitch in.

Patients are suffocating in the capital, New Delhi, and other cities because hospitals’ oxygen supplies have run out. Frantic relatives have appealed on social media for leads on intensive-care-unit beds and experimental drugs. The government has extended New Delhi’s lockdown by another week.

India’s Supreme Court last week ordered the government to come up with a “national plan” for distributing oxygen supplies.

The problems in India’s hospitals go beyond oxygen shortages. In the western state of Gujarat, more than a dozen patients were evacuated from a hospital on Sunday night after an air-conditioning unit caught fire, the Press Trust of India reported, the third accident involving virus patients in India in the past seven days.

Mr. Modi appears to be looking to the rest of the world to help India quell the wave. Saudi Arabia and the United Arab Emirates have promised oxygen generators. The United States has pledged raw material for coronavirus vaccines and intends to share up to 60 million doses of the AstraZeneca vaccine with other nations, so long as the doses clear a safety review conducted by the Food and Drug Administration, officials said Monday. Indian-American businessmen have pledged millions in cash from the companies they lead.

At a news conference on Monday, Dr. Tedros Adhanom Ghebreyesus, the director general of the World Health Organization, called the situation in India “beyond heartbreaking.” He said the organization has deployed 2,600 staff to India to provide surveillance and vaccination help.

A global coronavirus surge, driven largely by the devastation in India, continues to break daily records and run rampant in much of the world, even as vaccinations ramp up in wealthy countries. More than one billion shots have now been administered globally.

On Sunday, the world’s seven-day average of new cases hit 774,404, according to a New York Times database, higher than the peak average during the last global surge, in January. Despite the number of shots given around the world, far too small a percentage of the global population of nearly eight billion have been vaccinated to slow the virus’s steady spread.

United States › United StatesOn Apr. 25 14-day change
New cases 33,662 –16%
New deaths 282 –3%
World › WorldOn Apr. 25 14-day change
New cases 378,263 +15%
New deaths 7,655 +4%

U.S. vaccinations ›

Where states are reporting vaccines given

People getting vaccinated at a government hospital in Mumbai, India, this month.Credit…Atul Loke for The New York Times

President Biden, under intense pressure to do more to address the surging pandemic abroad, including a humanitarian crisis in India, intends to make up to 60 million doses of the AstraZeneca vaccine available to other countries, so long as federal regulators deem the doses safe, officials said Monday.

The announcement came after Mr. Biden spoke with Prime Minister Narendra Modi of India and the two pledged to “work closely together in the fight against Covid-19.” It is a significant, albeit limited, shift for the White House, which has until now been reluctant to make excess doses of coronavirus vaccine available in large amounts.

But the commitment is a tricky one to make: The AstraZeneca doses are manufactured at the Baltimore plant owned by Emergent BioSolutions, where production has been halted amid fears of contamination. The New York Times has reported extensively on problems at the plant, which had to throw out millions of doses of AstraZeneca vaccine between October and January, and later discarded up to 15 million doses of the vaccine developed by Johnson & Johnson, also because of concern about possible contamination.

AstraZeneca’s vaccine, unlike those of Pfizer, Moderna and Johnson & Johnson, has also not been granted emergency use authorization by the Food and Drug Administration. And the administration would not specify which countries will receive the vaccine.

Jen Psaki, the White House press secretary, cautioned at a news conference that the donations of doses would not happen right away. She said about 10 million doses could be released “in the coming weeks” if the F.D.A. determines that the vaccine meets “our own bar and our own guidelines,” and that another 50 million doses are in various stages of production.

“Right now we have zero doses available of AstraZeneca,” Ms. Psaki said.

In a statement, a spokesperson for AstraZeneca said that the company would not comment on specifics but that “the doses are part of AstraZeneca’s supply commitments to the U.S. government. Decisions to send U.S. supply to other countries are made by the U.S. government.”

Correction: April 26, 2021

An earlier version of this article referred incorrectly to a safety review that the Food and Drug Administration is required to conduct before AstraZeneca coronavirus vaccine doses are shared with other nations. The doses themselves must clear an F.D.A. safety review, not the plant where the doses are manufactured.

A Sputnik V vaccine production line in Saint Petersburg, Russia in February. Brazil’s health regulator rejected the Sputnik Covid-19 vaccine on Monday, citing safety concerns.Credit…Emile Ducke for The New York Times

Brazil’s health authority, Anvisa, said late on Monday that it would not recommend importing Sputnik V, the Covid-19 vaccine developed by Russia.

Anvisa said that important safety tests had not been performed, and that questions remained about the vaccine’s development, safety and manufacturing.

Data about the vaccine’s efficacy were “uncertain,” Gustavo Mendes Lima Santos, Anvisa’s manager of medicine and biological products, said in a lengthy presentation explaining the health authority’s decision.

A tweet from the official Sputnik V Twitter account — in Portuguese — pushed back on Monday, saying that the vaccine’s developers had shared “all the necessary information and documentation” with Anvisa. In another tweet, it urged Anvisa that “we have no time to waste — let us start saving lives in Brazil. Together.”

Russia is using Sputnik V in its mass vaccination campaign, and the vaccine has been approved for emergency use in dozens of other countries. Its rollout has been entangled in politics and propaganda, with President Vladimir V. Putin announcing its approval for use even before late-stage trials began. For months, it was pilloried by Western scientists.

The Gamaleya Research Institute, part of Russia’s Ministry of Health, developed the vaccine, also known as Gam-Covid-Vac. A peer-reviewed study published in The Lancet in February said the vaccine had an efficacy rate of 91.6 percent.

Skepticism from Western experts has focused mostly on its early approval, not the vaccine’s design, which grew out of decades of research on adenovirus-based vaccines. Other Covid-19 vaccines are also based on adenoviruses, such as one from Johnson & Johnson using Ad26, and one by the University of Oxford and AstraZeneca using a chimpanzee adenovirus.

While Sputnik V’s developers have yet to release detailed data on adverse events observed during the trials, the Russian government has been using the vaccine to inoculate its own citizens for months. Russia has also exported Sputnik V to Belarus, Argentina and other countries, suggesting that any harmful side effects overlooked during trials would by now have come to light.

As vaccine supply woes in Europe worsened, the European Union’s drug regulator announced last month that it was reviewing the Sputnik V vaccine after member nations began announcing they would acquire the shot on their own.

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E.U. Sues AstraZeneca

The European Union has sued AstraZeneca over its failure to deliver hundreds of millions of Covid vaccination doses by the end of June as promised.

Indeed, the commission has started last Friday a legal action against the company AstraZeneca on the basis of breaches of the advance purchase agreement. The reason indeed being that the terms of the contract or some terms of the contract have not been respected, and the company has not been in a position to come up with a reliable strategy to ensure the timely delivery of those. What matters to us in this case is that we want to make sure that there’s a speedy delivery of a sufficient number of doses that the European citizens are entitled to and which have been promised on the basis of the contract. So the commission has indeed started legal action on its own behalf and on behalf of the 27 member states that are fully aligned in their support for this procedure.

Video player loadingThe European Union has sued AstraZeneca over its failure to deliver hundreds of millions of Covid vaccination doses by the end of June as promised.CreditCredit…Alessandro Grassani for The New York Times

The European Union has sued AstraZeneca over what the bloc has described as delays in shipping hundreds of millions of doses of coronavirus vaccines, a sharp escalation of a longstanding dispute between the bloc and the maker of one of the world’s most important vaccines.

AstraZeneca has said that it would be able to deliver only a third of the 300 million doses that European officials had been expecting by the end of June. As a result, European officials said on Monday that they believed AstraZeneca had broken its contract, and that they were seeking speedier deliveries than the company said it could muster.

The two sides’ relationship had grown acrimonious in January when AstraZeneca slashed its expected deliveries for the first quarter of the year, setting back the bloc’s vaccination campaign by weeks as cases picked up across the continent and political leaders faced scorching criticism for inadequate planning.

For AstraZeneca, whose cheap and easy-to-store shot is being used by 135 countries, the lawsuit could create further difficulties in a bruising stretch. No company had been as instrumental in the race to vaccinate poorer countries around the world, but AstraZeneca has been buffeted in recent weeks by the discovery of an exceedingly rare, though serious, side effect that has prompted restrictions on its use in parts of Europe.

At issue in the legal dispute was whether AstraZeneca had done everything in its power to meet its delivery schedule. Pascal Soriot, the company’s chief executive, has said that the contract required only that it make its “best efforts” to deliver the purchased doses on time.

Vaccine production is a notoriously fickle science, with live cultures needing time to grow inside bioreactors, for instance. In an effort to supply doses not only to richer nations that had purchased them well in advance, but also to poorer nations, AstraZeneca had partnered with manufacturing sites around the world, rather than relying on only a few factories, as Pfizer and Moderna have.

AstraZeneca, which developed the vaccine with the University of Oxford, has also said that the European Commission, the bloc’s executive branch, finalized its contract months after Britain did, giving the company less time to iron out any manufacturing difficulties.

Legal experts said that the “best efforts” language in the contract raised the burden on the Europeans to prove that AstraZeneca did not act diligently enough to supply the promised doses. But they also said that it did not entirely insulate the company from being deemed in breach of contract.

GLOBAL ROUNDUP

Men walk on an empty street after a coronavirus curfew in Istanbul, Turkey, on Thursday.Credit…Chris Mcgrath/Getty Images

President Recep Tayyip Erdogan of Turkey ordered a national lockdown for three weeks, closing nonessential businesses and sending all students home, as the nation struggles to contain the latest surge in cases of the coronavirus.

Turkey ranks fourth in the world in new daily cases per person, averaging 63 cases per 100,000 people, according to a New York Times database. Its seven-day average for deaths ranks 11th in the world.

The lockdown starts on April 29 and will end on May 17, coinciding with Eid al-Fitr, the end of the holy month of Ramadan, Mr. Erdogan said after meeting with his cabinet. Schools and restaurants will close and travel within Turkey will require a permit, he said. Government employees will either work from home or in shifts. Essential businesses like those in the food, manufacturing and health sectors will be exempt, Mr. Erdogan said.

“In a period where Europe is opening up, we have to pull the number of cases’’ lower, Mr. Erdogan said. “Otherwise, it would be inevitable to face a heavy cost from tourism to trade to education.’’

So far, about 16 percent of its total population has received at least one dose of the vaccine from Sinovac or Pfizer-BioNTech, according to data from the Our World in Data project at the University of Oxford.

Turkey reported about 63,000 new cases on April 16, its highest daily tally since the start of the pandemic.

In other updates from around the world:

  • Brazil’s health regulator rejected the use of Russia’s Sputnik V vaccine late on Monday, citing “inherent risks” and a lack of information about the vaccine’s safety and quality, Reuters reported.

  • The governments of Singapore and Hong Kong said on Monday that a long-delayed travel bubble between the two Asian financial centers would begin next month, allowing travelers on designated flights to bypass quarantine. The travel arrangement, which was originally supposed to begin last November, was suspended at the last minute when Hong Kong experienced a sudden surge in cases.

  • The Philippines surpassed the one million mark on Monday in the total number of coronavirus cases it has reported, as the country struggles with newer, deadlier forms of the virus. The Philippines reported very few cases last year, and did not see a significant surge until recently. In response, Manila and four other suburbs went into lockdown earlier this month.

  • For the first time in nearly nine months, Portugal’s health authority on Monday reported no coronavirus-related deaths in the last 24 hours, according to Reuters. Portugal has reported nearly 17,000 Covid-19 deaths and more than 830,000 cases.

  • Health authorities in Germany will allow all adults to sign up for vaccine appointments beginning in June, Chancellor Angela Merkel said on Monday. The announcement came after a meeting with lawmakers to discuss lifting social restrictions for fully vaccinated people, a sign that Germany may be moving closer to emerging from its latest lockdown.

  • More than 78,000 people attended an Australian rules football match in Melbourne on Sunday night in what is believed to be the world’s biggest crowd at a sporting event since the coronavirus pandemic began. Just three days earlier, the government of the state of Victoria, of which Melbourne is the capital, had increased the attendance cap for the 100,000-capacity venue, the Melbourne Cricket Ground, to 85 percent from 75 percent.

A pub in Glasgow, Scotland on Monday.Credit…Andy Buchanan/Agence France-Presse — Getty Images

Scotland and Wales reopened restaurants, cafes, and nonessential shops on Monday, marking the next phase of a gradual relaxation of coronavirus restrictions that have been in place for months.

In Scotland, restaurants can serve food but not alcohol indoors until 8 p.m., and they can serve food and alcohol outdoors without restrictions. Stores, beauty salons, museums and galleries also reopened, and people are permitted to book travel in the rest of Britain.

The first minister of Scotland, Nicola Sturgeon, said she was hopeful that the country would continue its progress and lift more restrictions by the summer. But she cautioned that the virus was more infectious now than it had been in earlier waves and, therefore, “We must stick to the rules.” Free rapid tests will be available to the public.

In Wales, places of worship and retail stores reopened, and restaurants resumed outdoor service. Outdoor wedding receptions with up to 30 people can take place.

Cases remain low in Britain, with more than 40 percent of the population having received at least one dose of a vaccine. On Sunday, the country reported just over 1,700 new cases and 11 deaths, according to a New York Times database.

Health care workers prepared doses of a Covid-19 vaccine in Buffalo, W.Va., last month. Gov. Jim Justice announced a plan to give savings bonds to young people who get vaccinated.Credit…Stephen Zenner/Getty Images

West Virginia will give $100 savings bonds to 16- to 35-year-olds who get a Covid-19 vaccine, Gov. Jim Justice said on Monday.

There are roughly 380,000 West Virginians in that age group, many of whom have already gotten at least one shot, but Mr. Justice said he hoped the money would motivate the rest to get inoculated, as “they’re not taking the vaccines as fast as we’d like them to take them.”

The state will use federal funds from the CARES Act to pay for the bonds, Mr. Justice, a Republican, said at a news conference, adding that he had “vetted this every way that we possibly can” to ensure that the unconventional use of the funds was allowed.

The bonds will be also be available to anyone in that age group who has already been vaccinated, Mr. Justice said.

West Virginia has the 16th highest rate of new coronavirus cases per person among U.S. states and ranks 12th in hospitalizations, according to a New York Times database.

Mr. Justice said the state needed to stop the virus “dead in its tracks,” and that if it did, “these masks go away, the hospitalizations go away, the death toll and the body bags start to absolutely become minimal.”

Earlier this year, at the start of the country’s vaccination effort, West Virginia had stood out for its success in vaccinating its residents. At one point, it had administered second doses to more of its population than any other state; it was also behind only Alaska for the percent of its residents that had received a first dose.

But now West Virginia is fallen behind, ahead of only nine states for the portion of its residents that have had a first dose, according to a New York Times database tracking vaccines.

Mr. Justice said that young West Virginians could “always stand an extra dose of patriotism.” He urged them to “accept that wonderful savings bond” — which will allow the recipient to retrieve the $100, plus interest, at a later date — adding, “I hope that you keep it for a long, long, long time.”

State Senator Lora Reinbold of Alaska in Juneau in March.Credit…Pool photo by Becky Bohrer

Alaska Airlines has suspended an Alaska state lawmaker from its flights for violating its mask policies, the company said.

Lora Reinbold, a Republican state senator, was arguing with employees at Juneau International Airport about the airline’s mask rules, according to footage posted on Twitter.

“We need you to pull the mask up, or I’m not going to let you on the flight,” an employee is heard saying to Ms. Reinbold on the videos, which were posted on Thursday.

“It is up,” Ms. Reinbold responds.

“It is not,” an employee says. “It’s down below your nose. We can’t have it down.”

The airline said it had told Ms. Reinbold that she was “not permitted to fly with us for her continued refusal to comply with employee instruction regarding the current mask policy,” adding that the suspension is being reviewed.

The clash over the company’s rule was the latest to surface in the country about masks during the pandemic. Mask mandates have become a rallying cry for some activists and a divisive political talking point. Disputes about the rules have sometimes led to angry confrontations.

The European Union will ease travel restrictions for vaccinated Americans.Credit…Charlie Riedel/Associated Press

U.S. airlines have been bolstered by the return of customers eager to travel within the country or just outside its borders, but the nation’s largest carriers are still lamenting the loss of two particularly lucrative parts of the business: international and corporate travel. At least one of those could rebound this summer.

In an interview with The New York Times over the weekend, Ursula von der Leyen, the president of the European Commission, said she expected the European Union to ease travel restrictions for vaccinated American tourists, a move that could let the airline industry cash in during the year’s busiest travel season.

“Long-haul international flying represents a significant opportunity for United,” Andrew Nocella, the chief commercial officer for United Airlines, told investors last week. “We have seen in recent weeks that immediately after a country provides access with proof of a vaccine, leisure demand returns to the level of 2019 quickly.”

American Airlines and United said this month that international travel remained about 80 percent lower than in 2019. They and other airlines expect strong demand for domestic flights this summer, and the restoration of trans-Atlantic travel could provide the industry a much-needed boost as it works to generate profits again.

American, Delta Air Lines and United each reported a loss of more than $1 billion in the first three months of the year. Southwest Airlines reported a small profit, of $116 million, though its chief executive said the airline would have lost $1 billion without federal aid.

The news of the E.U. reopening to vaccinated American tourists was also welcomed by Willie Walsh, the director general of the International Air Transport Association, a global airline industry group, who said it could bode well for carriers elsewhere, too.

He said in a statement that coordination between the European Commission and the industry was essential “so that airlines can plan within the public health benchmarks and timelines that will enable unconditional travel for those vaccinated,” not just Americans but passengers from other countries as well.

A small number of guests enjoying the pool at a resort in Phuket, Thailand, this month.Credit…Adam Dean for The New York Times

Only a few weeks ago, Phuket seemed poised for a comeback. After a year of practically no foreign tourists arriving in Thailand, the national government decided that Phuket would start welcoming vaccinated visitors in July, without requiring them to go through quarantine. The project was called Phuket Sandbox.

But Thailand is now gripped by its worst Covid-19 outbreak since the pandemic began, spread in part by the well-heeled Thais who partied in Phuket and Bangkok with no social distancing. The confirmed daily caseload — albeit low by global standards — has increased from 26 on April 1 to more than 2,000 three weeks later, in a country that in early December had about 4,000 cases total.

The opening that Phuket had planned for July 1 now appears unlikely, Thailand’s tourism minister acknowledged this month.

“If you ask me how optimistic I am, I cannot say,” said Nanthasiri Ronnasiri, the director of the tourism authority’s Phuket office. “The situation changes all the time.”

The virus’s resurgence after so many months of economic hardship is devastating for the majority of Phuket’s residents, who depend on foreign tourists for their livelihoods.

Centner Academy in Miami sent teachers a letter repeating false claims that being vaccinated made people a health risk. People waited to receive a shot at Miami Dade College.Credit…Lynne Sladky/Associated Press

A private school in the fashionable Design District of Miami sent its faculty and staff a letter last week about getting vaccinated against Covid-19. But unlike institutions that have encouraged and even facilitated vaccination for teachers, the school, Centner Academy, did the opposite: One of its co-founders, Leila Centner, informed employees “with a very heavy heart” that if they chose to get a shot, they would have to stay away from students.

In an example of how misinformation threatens the nation’s effort to vaccinate enough Americans to get the coronavirus under control, Ms. Centner, who has frequently shared anti-vaccine posts on Facebook, claimed in the letter that “reports have surfaced recently of non-vaccinated people being negatively impacted by interacting with people who have been vaccinated.”

“Even among our own population, we have at least three women with menstrual cycles impacted after having spent time with a vaccinated person,” she wrote, repeating a false claim that vaccinated people can somehow pass the vaccine to others and thereby affect their reproductive systems. (They can do neither.)

In the letter, Ms. Centner gave employees three options:

  • Inform the school if they had already been vaccinated, so they could be kept physically distanced from students;

  • Let the school know if they get the vaccine before the end of the school year, “as we cannot allow recently vaccinated people to be near our students until more information is known”;

  • Wait until the school year is over to get vaccinated.

Teachers who get the vaccine over the summer will not be allowed to return, the letter said, until clinical trials on the vaccine are completed, and then only “if a position is still available at that time” — effectively making teachers’ employment contingent on avoiding the vaccine.

Credit…Romain Maurice/Getty Images for Haute Living

Ms. Centner required the faculty and staff to fill out a “confidential” form revealing whether they had received a vaccine — and if so, which one and how many doses — or planned to get vaccinated. The form requires employees to “acknowledge the School will take legal measures needed to protect the students if it is determined that I have not answered these questions accurately.”

Ms. Centner directed questions about the matter to her publicist, who said in a statement that the school’s top priority throughout the pandemic has been to keep students safe. The statement repeated false claims that vaccinated people “may be transmitting something from their bodies” leading to adverse reproductive issues among women.

“We are not 100 percent sure the Covid injections are safe and there are too many unknown variables for us to feel comfortable at this current time,” the statement said.

The Food and Drug Administration, the Centers for Disease Control and Prevention, the World Health Organization and many other authorities have concluded that the coronavirus vaccines now in emergency use in the United States are safe and effective.

The Centner Academy opened in 2019 for students in prekindergarten through eighth grade, promoting itself as a “happiness school” focused on children’s mindfulness and emotional intelligence. The school prominently advertises on its website support for “medical freedom from mandated vaccines.”

Ms. Centner founded the school with her husband, David Centner, a technology and electronic highway tolling entrepreneur. Each has donated heavily to the Republican Party and the Trump re-election campaign, while giving much smaller sums to local Democrats.

In February, the Centners welcomed a special guest to speak to students: Robert F. Kennedy Jr., the prominent antivaccine activist. (Mr. Kennedy was suspended from Instagram a few days later for promoting Covid-19 vaccine misinformation.) This month, the school hosted a Zoom talk with Dr. Lawrence Palevsky, a New York pediatrician frequently cited by anti-vaccination activists.

Kitty Bennett contributed research.

Teenagers in Scampia, a district on the outskirts of Naples, Italy.Credit…Gianni Cipriano for The New York Times

The number of students that dropped out of school in Italy because of the coronavirus pandemic is rising, aggravating what was already a crisis before the disease spread across the nation.

Italy had among the worst dropout rates in the European Union, and the southern city of Naples was particularly troubled by high numbers. When the coronavirus hit, Italy shuttered its schools more than just about all the other European Union member states, with especially long closures in the Naples region, pushing students out in even higher numbers.

While it is too early for reliable statistics, principals, advocates and social workers say they have seen a sharp increase in the number of students falling out of the system. The impact on an entire generation may be one of the pandemic’s lasting tolls.

Italy closed its schools — fully or in part — for 35 weeks in the first year of the pandemic — three times longer than France, and more than Spain or Germany.

And experts say that by doing so, the country, which has Europe’s oldest population and was already lagging behind in critical educational indicators, has risked leaving behind its youth, its greatest and rarest resource for a strong post-pandemic recovery.

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Tesla (TSLA) earnings Q1 2021

Tesla Motors CEO Elon Musk responded after the company went public on the NASDAQ market in New York on June 29, 2010

Brendan McDermid | Reuters

Tesla reported first quarter results on Monday after the bell. The company slightly exceeded expectations, but the stock fell slightly after hours as investors digested the numbers.

Here’s how the company performed in the quarter compared to the analyst estimates produced by Refinitiv:

  • Merits: 93 cents per share compared to 79 cents per share expected
  • Revenue: $ 10.39 billion versus $ 10.29 billion, up 74% year over year
  • Annual surplus (GAAP): $ 438 million, a record.

Elon Musk’s electric vehicle business reported vehicle deliveries of 184,800 Model 3 and Y vehicles in the first quarter, exceeding expectations and setting a record for Tesla. However, the company also said it didn’t manufacture any of its high-end Model S sedans or Model X SUVs for the period leading up to March. (It delivered 2,020 older Model S sedans and Model X SUVs from inventory.)

The company announced in February that it had purchased $ 1.5 billion worth of Bitcoin and may invest in other cryptocurrencies in the future. Bitcoin rose to record levels by April before pulling back. In its earnings release, the company announced it had a net cash outflow of $ 1.2 billion related to Bitcoin for the quarter.

Tesla said last month that Jerome Guillen, its former president of the automotive industry, would switch to the role of president of the heavy truck. It’s not clear who – if anyone – replaced Guillen, but staff updates could come after the bell during the profit call.

Tesla’s vehicle batteries and automated driving systems, marketed in the U.S. as autopilot and full self-driving options, are under regulatory scrutiny following two fatal accidents in April – one in the spring in Texas and one in the Zengcheng district of Guangzhou. China.

Tesla is also facing increased competition in the electric vehicle business. Big car manufacturers like VW, Audi and Ford are finally selling pure battery electrics.

According to a new survey of US vehicle owners by CarGurus, 52% expect to own a battery electric vehicle in the next decade (up from just 34% in 2018). The survey also found that Tesla remains the most trusted brand for making electric vehicles. However, almost 80% of those interested in owning an electric car are open to buying from one of several brands.

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As Covid-19 Devastates India, Deaths Go Undercounted

Todesfälle wurden übersehen oder heruntergespielt, was den menschlichen Tribut des Ausbruchs des Landes unterschätzt, der fast die Hälfte aller neuen Fälle in einem globalen Aufschwung ausmacht.

NEU-DELHI – Indiens zweite Welle des Coronavirus gerät schnell in eine verheerende Krise. Die Krankenhäuser sind unerträglich voll, die Sauerstoffversorgung geht zur Neige, verzweifelte Menschen sterben in der Schlange und warten darauf, Ärzte aufzusuchen – und es gibt immer mehr Beweise dafür, dass die tatsächliche Zahl der Todesopfer weitaus höher ist als offiziell berichtet.

Jeden Tag meldet die Regierung mehr als 300.000 Neuinfektionen, ein Weltrekord, und Indien verzeichnet derzeit mehr Neuinfektionen als jedes andere Land, fast die Hälfte aller Neufälle in einem globalen Aufschwung.

Experten sagen jedoch, dass diese Zahlen, so erstaunlich sie auch sein mögen, nur einen Bruchteil der tatsächlichen Reichweite der Ausbreitung des Virus darstellen, die dieses Land in den Notfallmodus versetzt hat. Millionen von Menschen weigern sich, überhaupt nach draußen zu gehen – ihre Angst, sich mit dem Virus zu infizieren, ist so extrem. Berichte aus dem ganzen Land berichten, dass die Kranken nach Luft schnappen müssen, während sie in chaotischen Krankenhäusern warten, denen der lebensrettende Sauerstoff ausgeht.

Der plötzliche Anstieg in den letzten Wochen, bei dem möglicherweise eine heimtückische neuere Variante eine Rolle spielt, lässt die offizielle Zahl der Todesopfer von Covid-19 in Indien von fast 200.000 in Frage stellen. Täglich sterben mehr als 2.000 Menschen.

Interviews aus Feuerbestattungsgebieten im ganzen Land, in denen die Brände niemals aufhören, zeigen ein umfangreiches Todesmuster, das weit über den offiziellen Zahlen liegt. Laut Analysten zählen nervöse Politiker und Krankenhausverwalter möglicherweise eine große Anzahl von Toten unter oder übersehen sie. Und trauernde Familien verstecken möglicherweise auch aus Scham Covid-Verbindungen, was die Verwirrung in dieser riesigen Nation von 1,4 Milliarden Menschen noch verstärkt.

“Es ist ein komplettes Massaker an Daten”, sagte Bhramar Mukherjee, ein Epidemiologe an der Universität von Michigan, der Indien genau verfolgt hat. “Nach all den Modellierungen, die wir durchgeführt haben, glauben wir, dass die tatsächliche Anzahl der Todesfälle das Zwei- bis Fünffache der gemeldeten Zahl beträgt.”

Auf einem der großen Einäscherungsgelände in Ahmedabad, einer Stadt im westindischen Bundesstaat Gujarat, erleuchten leuchtend orangefarbene Feuer den Nachthimmel und brennen 24 Stunden am Tag wie eine Industrieanlage, die niemals stillgelegt wird. Suresh Bhai, ein Arbeiter dort, sagte, er habe noch nie ein so endloses Fließband des Todes gesehen.

Aber er hat die Todesursache nicht als Covid-19 auf die dünnen Zettel geschrieben, die er den traurigen Familien übergibt, obwohl die Zahl der Toten mit dem Virus steigt.

“Krankheit, Krankheit, Krankheit”, sagte Herr Suresh. “Das schreiben wir.”

Auf die Frage nach dem Grund sagte er, es sei das, wozu er von seinen Vorgesetzten angewiesen worden sei, die nicht auf Anfragen nach Kommentaren geantwortet hätten.

Am Samstag meldeten Beamte fast 350.000 Neuinfektionen, und die Todesfälle nahmen weiter zu. In einem Krankenhaus in Neu-Delhi, der Hauptstadt, sagten Ärzte, 20 Patienten auf einer Intensivstation seien gestorben, nachdem der Sauerstoffdruck gesunken war. Die Ärzte gaben dem akuten Sauerstoffmangel in der Stadt die Schuld an den Todesfällen.

Vor Monaten schien Indien mit der Pandemie bemerkenswert gut zurechtzukommen. Nachdem Anfang letzten Jahres eine harte anfängliche Sperrung gelockert worden war, registrierte das Land nicht die erschreckenden Fallzahlen und Todeszahlen, die andere große Länder in den Krisenmodus versetzten. Viele Beamte und normale Bürger hörten auf, Vorsichtsmaßnahmen zu treffen, als wären die schlimmsten Tage vorbei.

Jetzt wenden sich unzählige Inder an soziale Medien, um herzzerreißende SOS-Nachrichten für ein Krankenhausbett, Medikamente und etwas Sauerstoff zum Atmen zu versenden. “Nationaler Notfall”, lautete eine Schlagzeile in einer der führenden Zeitungen Indiens, der Hindustan Times. In ganz Indien finden jetzt Massenverbrennungen statt. Manchmal gehen Dutzende von Bränden gleichzeitig auf.

Gleichzeitig hat Indiens Covid-Impfstoffkampagne Probleme: Weniger als 10 Prozent der Inder haben sogar eine Dosis erhalten, obwohl Indien der weltweit führende Impfstoffhersteller ist. Indiens dringende Bedürfnisse haben bereits weltweite Auswirkungen, insbesondere für ärmere Länder. Es hatte geplant, Millionen von Dosen zu versenden; Angesichts des starken Impfmangels des Landes wurden die Exporte nun im Wesentlichen eingestellt, so dass andere Nationen weitaus weniger Dosen hatten als erwartet.

Ärzte befürchten, dass der außer Kontrolle geratene Anstieg zumindest teilweise durch die Entstehung einer Virusvariante verursacht wird, die als „Doppelmutante“ B.1.617 bekannt ist, da sie genetische Mutationen enthält, die in zwei anderen schwer zu kontrollierenden Versionen des Coronavirus gefunden wurden. Eine der Mutationen ist in der hoch ansteckenden Variante vorhanden, die Anfang dieses Jahres durch Kalifornien gezogen ist. Die andere Mutation ähnelt der in der südafrikanischen Variante gefundenen und soll das Virus resistenter gegen Impfstoffe machen.

Dennoch warnen Wissenschaftler davor, dass es noch zu früh ist, um genau zu wissen, wie schädlich die neue Variante ist, die in Indien auftaucht.

Das Ergebnis könnte das Schlimmste aus beiden Welten sein, sich schneller ausbreiten und weniger kontrollierbar sein. Dies beunruhigt Wissenschaftler auf der ganzen Welt, die sehen, wie Menschen in gut geimpften Ländern beginnen, ihre Wachsamkeit zu lockern, obwohl große Rückschläge in Indien, Brasilien und anderen Ländern die Wahrscheinlichkeit erhöhen, dass das Coronavirus auf eine Weise mutiert, die die derzeitigen Impfstoffe überflügeln könnte.

In Bhopal, einer großen Stadt in Zentralindien, in der in den 1980er Jahren ein katastrophales Gasleck auftrat, bei dem Tausende Menschen ums Leben kamen, waren die Einäscherungsgebiete seit dieser Katastrophe nicht mehr so ​​voll.

Aktualisiert

26. April 2021, 8:25 Uhr ET

Mitte April meldeten Bhopal-Beamte an 13 Tagen 41 Todesfälle im Zusammenhang mit Covid-19. Eine Umfrage der New York Times zu den wichtigsten Einäscherungs- und Grabstätten der Stadt Covid-19, in denen Leichen nach strengen Protokollen behandelt wurden, ergab im gleichen Zeitraum insgesamt mehr als 1.000 Todesfälle.

“Viele Todesfälle werden nicht registriert und nehmen täglich zu”, sagte Dr. GC Gautam, ein in Bhopal ansässiger Kardiologe. Er sagte, dass Beamte dies taten, weil “sie keine Panik erzeugen wollen”.

Das gleiche Phänomen schien in Lucknow und Mirzapur – Großstädten im Bundesstaat Uttar Pradesh – und in ganz Gujarat aufzutreten, wo die Behörden in einem ähnlichen Zeitraum Mitte April täglich zwischen 73 und 121 Todesfälle im Zusammenhang mit Covid meldeten.

Eine detaillierte Zählung, die von einer der führenden Zeitungen Gujarats, Sandesh, zusammengestellt wurde und Reporter zu Einäscherungs- und Bestattungsplätzen im ganzen Bundesstaat schickte, ergab jedoch, dass die Zahl um ein Vielfaches höher war, etwa 610 pro Tag.

Die größten Zeitungen in Indien haben die Diskrepanzen aufgegriffen. “COVID-19-Todesfälle in Gujarat übersteigen die Regierungszahlen bei weitem”, heißt es in einer Schlagzeile auf der Titelseite in The Hindu.

Indiens Bevölkerung ist im Durchschnitt viel jünger als in den meisten westlichen Ländern. Experten sagen, dass dies der wahrscheinlichste Grund dafür ist, dass die Todesfälle pro Million in Indien relativ niedrig erschienen sind. Aber die Zahl steigt schnell.

Studien zur Übersterblichkeit zufolge wurden die Todesfälle durch Covid-19 in vielen Ländern unterschätzt, darunter in den USA und in Großbritannien.

Aber Indien ist ein viel größeres und ärmeres Land. Die Bevölkerung verteilt sich auf 28 Bundesstaaten und mehrere Bundesgebiete in einem stark dezentralisierten Regierungssystem, wobei verschiedene Bundesstaaten die Todesfälle auf unterschiedliche Weise zählen.

Selbst in einem guten Jahr, sagen Experten, wird nur etwa ein Fünftel der Todesfälle medizinisch untersucht, was bedeutet, dass die große Anzahl von Indern stirbt, ohne dass eine Todesursache bestätigt wird.

Nach Angaben der Weltgesundheitsorganisation sollte ein Todesfall als Covid-19-bedingt eingestuft werden, wenn angenommen wird, dass die Krankheit sie verursacht oder dazu beigetragen hat, selbst wenn die Person bereits an einer Krankheit wie Krebs leidet.

An vielen Orten in Indien scheint das nicht zu passieren.

Rupal Thakkar wurde Mitte April positiv auf Covid-19 getestet. Am 16. April wurde sie in Shalby Limited, ein privates Krankenhaus in ihrer Heimatstadt Ahmedabad, eingeliefert, doch ihr Sauerstoffgehalt sank plötzlich. Am nächsten Tag starb Frau Thakkar, 48.

Das Krankenhaus führte ihre Todesursache als „plötzlichen Herztod“ an, was die Familie Thakkar empörte.

“Es war ein lebenslanger Schock”, sagte ihr jüngerer Bruder Dipan Thakkar. „Warum sollte ein privates Krankenhaus mit der Regierung zusammenarbeiten, um die tatsächlichen Todeszahlen zu verbergen? Es war ein organisiertes Verbrechen. Es war eine illegale Handlung. “

Die Beamten von Shalby antworteten nicht auf Anfragen nach Kommentaren.

Nachdem ihre Situation in indischen Zeitungen weit verbreitet war, stellte das Krankenhaus eine zweite Sterbeurkunde aus, diesmal mit Covid-19 als Ursache.

Einige Familien wollen nicht, dass die Wahrheit herauskommt, sagte Dr. Mukherjee von der University of Michigan. Einige wollen ihre Angehörigen außerhalb der strengen Regierungsprotokolle von Covid-19 einäschern, und so verbergen sie die Tatsache, dass ihr Familienmitglied an dem Coronavirus gestorben ist. Andere schämen sich vielleicht dafür, einen geliebten Menschen zu verlieren, als wäre es ihre Schuld.

Eine politische Agenda könnte ebenfalls im Spiel sein, sagten Experten. Staaten, die von Indiens regierender Bharatiya Janata-Partei unter der Führung von Premierminister Narendra Modi kontrolliert werden, könnten laut einigen Analysten unter Druck geraten, zu wenig Bericht zu erstatten. Dr. Mukherjee zitierte den sehr öffentlichen Skandal im Jahr 2019, als die Regierung von Herrn Modi versuchte, Daten zu unterdrücken, die einen Anstieg der Arbeitslosenquote belegen.

In Bezug auf Covid-Daten sagte sie: “Die Zentralregierung übt einen enormen Druck auf die Landesregierungen aus, um Fortschritte zu projizieren.”

Mehrere Beamte der Regierungspartei antworteten nicht auf Nachrichten, in denen sie um einen Kommentar gebeten wurden.

Aber die Manipulation von Todeszahlen scheint auch an anderen Orten zu geschehen. Ein Beispiel ist der Bundesstaat Chhattisgarh in Zentralindien, der von der führenden Oppositionspartei Congress geführt wird.

Beamte im Bezirk Durg in Chhattisgarh, in dem sich ein großes Stahlwerk befindet, meldeten vom 15. bis 21. April mehr als 150 Todesfälle durch Covid-19. Dies geht aus Nachrichten hervor, die an lokale Medien gesendet wurden, die von The Times gesehen wurden. Der Staat meldete weniger als die Hälfte dieser Zahl für Durg.

Der Gesundheitsminister von Chhattisgarh, TS Singh Deo, bestritt jede absichtliche Unterberichterstattung. “Wir haben versucht, so transparent wie möglich zu sein”, sagte er. “Wir müssen jederzeit korrigiert werden.”

Feuerbestattungen sind ein wichtiger Bestandteil hinduistischer Bestattungsrituale, die als ein Weg gesehen werden, die Seele vom Körper zu befreien. Diejenigen, die auf dem brennenden Gelände arbeiteten, sagten, sie seien völlig erschöpft und könnten sich nie an so viele Menschen erinnern, die in so kurzer Zeit starben.

In Surat, einer Industriestadt in Gujarat, haben die zum Verbrennen von Körpern verwendeten Grills so unerbittlich funktioniert, dass das Eisen einiger tatsächlich geschmolzen ist. Am 14. April teilten die Krematorien von Covid-19 in Surat und einem anderen Distrikt, Gandhi Nagar, der Times mit, dass sie 124 Menschen eingeäschert hätten, an einem Tag, an dem die Behörden sagten, 73 seien im gesamten Bundesstaat an Covid-19 gestorben.

In Kanpur im Bundesstaat Uttar Pradesh werden derzeit in einigen Parks der Stadt Leichen verbrannt. Die Krematorien sind die gesichert.

In Ahmedabad, im Krematorium von Vadaj, pumpen riesige Schornsteine ​​schwarzen Rauch aus. Mr. Suresh, ein Angestellter, sitzt in einem winzigen Büro, die Tür fest geschlossen.

Als er telefonisch erreicht wurde, sagte er, er habe alle Sterbeurkunden mit „Beemari“ oder Krankheit auf Hindi versehen und Fragen an einen Sanitärbeamten weitergeleitet, der dann Fragen an einen anderen Beamten weiterleitete, der sich weigerte, Anrufe zu beantworten.

Herr Suresh sagte, dass sein Krematorium jeden Tag 15 bis 20 Leichen von Covid-19-Patienten behandelte. Während er am Freitag sprach, brannten drei Leichen auf getrennten Pyren neben einem großen und wachsenden Stapel frisch gehackten Holzes.

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World News

India stories document new Covid circumstances for fifth straight day

Medical staff in PSA caring for a person at the Covid-19 Temporary Care Center attached to LNJP Hospital at Shehnai Banquet Hall on April 23, 2021 in New Delhi, India.

Raj K Raj | Hindustan Times | Getty Images

India reported a record number of Covid-19 cases for the fifth consecutive year on Monday, while the official death toll also rose.

Official data showed that 352,991 new cases were reported within 24 hours as the total number of infections exceeded 17 million.

At least 2,812 people died, bringing the death toll to over 195,000 – media reports suggest the official death rate is likely undercounted.

Prime Minister Narendra Modi’s government has been criticized for gathering large crowds for religious festivals and election campaigns in different parts of the country this year. Before the second wave, India had an average of around 10,000 new cases per day.

In April alone, the South Asian nation reported more than 5 million new cases, marginalizing the country’s health system.

Hospitals run out of beds and are also turning away from seriously ill patients. There is a serious shortage of oxygen supply, partly due to an uneven distribution between states. This has resulted in the deaths of many Covid-19 patients as the government strives to ensure supplies to the worst hit states by road, rail and air.

“It put a heavy strain on healthcare infrastructure, supplies and oxygen, as the amount of materials needed was four times what it was in the first wave,” Naresh Trehan, chairman of Medanta Hospital, told CNBC Street Signs Asia on Monday .

“We are actually having trouble coping with all of this,” he said. Additional measures are being taken to create more beds and to stimulate the production of more personal protective equipment and medicines. India’s “weak point”, however, is the lack of medical oxygen.

International answer

The international community responded with a promise to send urgently needed aid to India.

The United States will send raw materials necessary for India to advance AstraZeneca’s local manufacturing of the vaccine, as well as therapeutics, rapid diagnostic test kits, ventilators and protective equipment. It will also deploy a team of public health advisors from the Center for Disease Control and USAID to India.

This came after the UK, France and Germany pledged aid over the weekend. European Commission President Ursula von der Leyen said on Twitter that the European Union is “pooling resources to respond quickly to India’s request for assistance through the EU Civil Protection Mechanism”.

Last week, China’s Foreign Ministry said Beijing was “in communication” with New Delhi and “ready to provide assistance and assistance as India needs it.”

Singapore state investor Temasek said Sunday it has partnered with Air India and Amazon India to ventilate medical devices like oxygen concentrators and ventilators from the city-state. Medical supplies have been sent to the financial capital, Mumbai, in Maharashtra, and the eastern state of West Bengal, where more and more cases are occurring.

Big tech companies like Microsoft and Google have also publicly pledged to help.

Medical workers chat among themselves at a quarantine center for patients infected with Covid-19 coronavirus in a banquet room that was being converted into an isolation center on April 15, 2021 in New Delhi, India, to treat the rising cases of infection.

Anindito Mukherjee | Getty Images News | Getty Images

Local answer

Corporate India has also stepped up its efforts to help the country secure medical supplies to relieve the burden on the health infrastructure.

Indian media reported that billionaire Mukesh Ambanis Reliance Industries will produce over 700 tons of medical-grade oxygen daily in one of its oil refineries. It is to be given free of charge to the worst affected countries.

The Tata Group announced last week that it would import 24 cryogenic containers, which are also reportedly in short supply, to carry liquid oxygen. In the meantime, Jindal Steel and Power have announced that they will supply hospitals in dire need of it with 500 tons of liquid oxygen.

Indian social media users have also taken to the platforms to coordinate availability and access to medical care, oxygen bottles and other forms of assistance.

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World News

US Navy Begins Remaining Withdrawal from Afghanistan

KABUL, Afghanistan – The US military has begun its full withdrawal from Afghanistan, the American commander in chief said Sunday, marking the beginning of the end of the United States’ nearly 20-year-old war in the country.

“I now have a number of orders,” said General Austin S. Miller, head of the US-led coalition in Afghanistan, at a press conference by Afghan journalists at the US military headquarters in Kabul, the capital. “We will conduct an orderly withdrawal from Afghanistan, and that means that bases and equipment will be handed over to the Afghan security forces.”

General Miller’s remarks come nearly two weeks after President Biden announced that all US forces would be out of the country by September 11, the 20th anniversary of the terrorist attacks that drove the United States in its long war in Afghanistan.

Mr Biden’s announcement was received with uncertainty in Afghanistan as it prepares for a future without a US and NATO military presence, despite a Taliban uprising that appears poised for military victory despite peace talks.

If the Taliban return to power – either through violence or through incorporation into government – they will likely take back women’s rights, as they did during their harsh rule in the late 1990s.

For now, the Afghan security forces, which have survived a particularly difficult winter, are holding the line. Taliban offensives in the south and repeated attacks in the north despite the cold weather have resulted in increasing casualties ahead of a potentially violent summer in which US and NATO forces are retreating. Although the Afghan military and police combined are believed to have around 300,000 employees, the real number is believed to be much lower.

“I am often asked how the security forces are doing. Can the security guards do the work in our absence? “General Miller said. “And my message has always been the same: you have to be ready.”

General Miller added that “certain equipment” must be withdrawn from Afghanistan, “but wherever possible,” the United States and international forces will leave material for the Afghan forces.

There are approximately 3,500 US troops in Afghanistan and approximately 7,000 NATO and Allied forces. These NATO forces are likely to pull out along with the United States as many countries in the coalition depend on American support.

At the head of the international armed forces in Afghanistan there are also around 18,000 contractors in the country, almost all of whom will also be leaving. General Miller said some of the treaties “need to be adjusted” to continue to support the Afghan security forces, which rely heavily on contractor support, particularly the Afghan Air Force. The thousands of private contractors in Afghanistan perform a variety of roles including security, logistics, and aircraft maintenance.

According to last year’s peace agreement with the Taliban, US and international forces should withdraw from the country by May 1. Under the deal, the Taliban have largely refrained from attacking US troops. However, it remains unclear whether the insurgent group will attack the withdrawing forces after Mr Biden decided to set the final deadline later in September.

“We have the military means and the ability to fully protect our armed forces and support the Afghan security forces during retrograde development,” said General Miller.

American troops are still spread out in a constellation of around a dozen bases, most of which contain small groups of special forces advising the Afghan military. To cover the withdrawal, the American military has provided significant air support, including positioning an aircraft carrier in the Persian Gulf in case the Taliban decide to attack.

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Renewables might oust fossil fuels to energy the world by 2050

Employees clean solar modules that will be exported to Sudan on October 16, 2020 at a factory in Ji an, Jiangxi Province, China.

Deng Heping | Visual China Group | Getty Images

LONDON – Solar and wind power could completely replace fossil fuels and become a global source of electricity by 2050, a new report says.

The Carbon Tracker think tank report released on Friday also predicted that if wind and solar power continued on their current growth trajectory, they would displace fossil fuels from the electricity sector by the mid-2030s.

Current technology gave the world the ability to generate 6,700 petawatt hours (PWh) of electricity from solar and wind energy, the researchers said – more than 100 times the global energy consumption in 2019.

Despite the potential to generate enormous amounts of energy, according to the report, only 0.7 PWh of solar energy and 1.4 PWh of wind energy were generated in 2019.

However, the authors were confident that the continuing decline in costs would lead to exponential growth in the generation of solar and wind power. With an annual growth rate of 15%, the sun and wind would generate all of the world’s electricity by the mid-2030s and supply all of the world’s energy by 2050.

The report found that the cost of solar energy had decreased by an average of 18% per year since 2010, while the price of wind power had decreased by an average of 9% per year over the same period.

According to the report, solar energy had grown an average of 39% per year over the past decade and had almost doubled every two years. Meanwhile, wind power capacity had increased 17% per year, with advances such as better panels and taller turbines helping to reduce costs.

Rise in steam and exhaust gas from the RWE Weisweiler coal-fired power plant on February 11, 2021 near Inden.

Lukas Schulze | Getty Images News | Getty Images

Nevertheless, there is still skepticism about the likelihood of an imminent so-called energy transition. Some climatologists believe that it is already “practically impossible” to limit the temperature rise of the planet to 1.5 degrees Celsius above pre-industrial levels – a fundamental goal set in the Paris Agreement.

Carroll Muffett, executive director of the nonprofit center for international environmental law, told CNBC earlier this month that “embedded power structures and continued support for dying industries” would thwart progress in the transition to renewable energy sources.

And while many global companies are pledging to help in efforts to slow climate change, others are doubling their funding for fossil fuels.

Of the 60 largest banks in the world, 33 increased their funding for the fossil fuel sector between 2016 and 2020. This emerges from a CNBC analysis of the Banking on Climate Chaos 2021 report.

“Abundant” Africa

Carbon Tracker researchers identified four key groups of countries based on their potential to use wind and solar energy to meet domestic demand.

Low-income, low-energy countries in sub-Saharan Africa were labeled “overabundant,” meaning they had the potential to generate at least 1,000 times more energy than their domestic demand.

Africa in particular has great potential in implementing renewable energy infrastructure, the report said. Researchers said the region could become a “renewable energy superpower”.

Those with the potential to use at least 100 times more energy than demand were labeled “abundant” countries. Australia, Chile and Morocco, which had well-developed infrastructure and governance, were classified as “abundant”.

China, India and the US, which had the potential to produce enough to meet their domestic demand, were “full” while Japan, South Korea and much of Europe were “stretched” when it came to using their renewable resources effectively use.

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World News

Phuket Was Poised for Tourism Comeback. A Covid Surge Dashed These Hopes.

PHUKET, Thailand – Around the corner from the teeth whitening clinic and tattoo parlor with offerings in Russian, Hebrew and Chinese, near the al fresco restaurant with indifferent fried rice that cheers sunburned tourists or tired go-go dancers is supposed to, the Hooters sign has lost its H.

The sign in this distinctive orange comic font is now simply “ooters”.

Like so much on Patong Beach, the shabby epicenter of sybaritic Thailand, Hooters is “temporarily closed”. Other facilities around the beach on Phuket Island are more tightly closed, their metal grilles and padlocks rusted, or their contents ripped out except for the fittings, leaving only the carcasses of a tourism industry ravaged by the coronavirus epidemic.

The sun, which typically draws 15 million people to Phuket each year, remains unforgiving in a downturn. The rays bleach the “For Rent” signs on remote villas and the scorching greens on neglected golf courses. They exposed the emptiness of the streets of Patong, where tuk-tuk drivers once roamed and served as giveaways for snorkeling trips, peep shows or Thai massages.

Just a few weeks ago, Phuket seemed ready for a comeback. After a year with virtually no foreign tourists coming to Thailand, the national government decided that Phuket would welcome vaccinated visitors from July without the need to quarantine them. The project was called Phuket Sandbox.

But Thailand is now hit by its worst Covid-19 outbreak since the pandemic began, spread in part by well-heeled Thais who partied in Phuket and Bangkok with no social distancing. The confirmed daily number of cases – albeit low by global standards – has risen from 26 on April 1 to more than 2,000 three weeks later, in a country that saw a total of around 4,000 cases in early December.

For months, Thailand’s strict quarantines, lockdowns, border surveillance and strict use of masks kept the virus in check, despite the economy suffering. But even as the past few weeks have seen repeated daily highs in the case load, the Thai government is reacting slowly.

In early April, when cases were increasing, Prime Minister Prayuth Chan-ocha responded with a verbal shrug.

“Whatever happens, happens,” he said.

Desperate to revitalize its tourism sector, Phuket, which closed its airport during a spike in covid last year, allowed people to continue domestic flights this spring even if cases hit record highs. It was only on Thursday that local authorities requested Covid-19 screening for those arriving on the island.

“If you ask me how optimistic I am, I can’t tell,” said Nanthasiri Ronnasiri, director of the Phuket Tourism Bureau. “The situation is constantly changing.”

What You Need To Know About The Johnson & Johnson Vaccine Break In The United States

    • On April 23, an advisory panel to the Centers for Disease Control and Prevention voted to lift a hiatus on Johnson & Johnson Covid vaccine and put a label on an extremely rare but potentially dangerous bleeding disorder.
    • Federal health officials are expected to officially recommend states lift the hiatus.
    • The vaccine was recently discontinued after reports of a rare bleeding disorder surfaced in six women who received the vaccine.
    • The overall risk of developing the disorder is extremely small. Women between the ages of 30 and 39 appear to be most at risk, with 11.8 cases per million doses. There were seven cases per million doses in women between 18 and 49 years of age.
    • Almost eight million doses of the vaccine have now been given. There was less than one case per million doses in men and women aged 50 and over.
    • Johnson & Johnson had also decided to postpone the launch of its vaccine in Europe for similar reasons, but later decided to continue its campaign after the European Union Medicines Agency announced the addition of a warning. South Africa, devastated by a contagious variant of the virus, also stopped using the vaccine, but later continued to use it.

On April 18, Thailand’s tourism minister admitted that an opening for Phuket on July 1 appears unlikely as the plan is contingent on Covid being suppressed in Thailand.

To prepare for the Phuket sandbox, the Thai government sent many of their limited vaccines to the island in hopes of herd immunity by the summer. By mid-April, more than 20 percent of Phuket residents had been vaccinated. Nationwide, only about 1 percent of the population received the required doses.

“I’m very relieved,” said Suttirak Chaisawat, a grocer who received his Sinovac vaccine this month at a resort that was being repurposed for mass vaccination. “We all need hope for Phuket.”

While the vaccinations may have given Mr. Suttirak some optimism, the current picture remains grim.

Usually the golden sands of Patong Beach are full of foreign vacationers at this time of year.

But the beach is now almost deserted, except for a group of residents who line up for Covid tests in a mobile medical unit. Up the street a monitor lizard, a creature more crocodile than newt, was trampling across the asphalt, and little traffic obstructed the crossing.

Phuket’s half-built condominium complexes are being reclaimed by nature, always a battle in the tropics but a lost cause when developers’ money runs dry. Billboards for “Exclusive Dream Holiday Home” are stained with mold and monsoon mud.

Updated

April 24, 2021, 10:42 p.m. ET

This month’s Thai New Year period should be a dress rehearsal for Phuket’s revival. Instead of foreign backpackers or attendees at business conferences, the hotels sought to attract high-end Thai tourists who, without the pandemic, might have decamped overseas skiing in Hokkaido, Japan, or shopping in Paris.

But rather than preparing the island for its return as a global tourist haven, the Thai New Year may have ruined the island’s chances of reopening in July.

At festivals in Patong and other beaches this month, thousands of wealthy Thais partied, fewer masks than bikini tops. For some in Thailand’s high society, Covid was viewed as something that could infect vegetable vendors or shrimp peelers, not the jet set.

But then these beach buddies started testing positive and the virus spread to Phuket from luxury Bangkok nightclubs.

The resurgence of the virus after so many months of economic hardship is harrowing for the majority of Phuket residents who depend on foreign tourists for their livelihoods.

When a 3-year-old elephant was chewing on sugar cane nearby, Jaturaphit Jandarot was slowly swinging in his hammock. There was little else to do.

Before the pandemic, he and the other elephant handlers on the outskirts of Patong took more than 100 tourists, mainly from China, on 30-minute drives every day. There are no visitors now.

“I was very excited to hear that they are going to open Phuket to foreign tourists,” said Jaturaphit. “Thais don’t ride elephants.”

Regardless of the level of international travel, the elephants still need to be fed. Every month a dozen animals consume sugar cane, pineapples, and bananas worth at least $ 2,000. The 3-year-old, hardly more than a toddler in the elephant years, eats as much as the adults.

After the tin and rubber industries declined in Phuket, tourism grew from a few bungalows on Patong Beach in the 1970s to a global phenomenon that attracted golfers, clubbers, yachers, sex tourists, and Scandinavian snowbirds.

Much of the high-end accommodation in Phuket is near the beach town of Bang Tao, a quiet Muslim-majority community where posters for upscale wine bars mix with Arabic signs for Islamic schools.

Phuket’s largest mosque is in Bang Tao, and this year the first day of Ramadan coincided with the start of the Thai New Year celebrations, a promising augur after a year of economic hardship. The night before the fast began, worshipers flocked to the mosque. Women chopped shrimp, banana blossoms and armfuls of herbs for the upcoming feast.

But at the last minute, Phuket authorities canceled mass prayers fearing the virus would spread. Iftar, the breaking of the fast, takes place in houses, not in the mosque.

When local authorities attributed Covid-19 cases on the island to the upscale beach parties, Bang Tao residents became frustrated.

“We want to welcome people to Phuket, of course, but if they don’t protect themselves and bring Covid here, I’m a little angry,” said Huda Panan, an elementary school teacher who lives behind the mosque.

Ms. Huda’s husband is a taxi driver but has not worked for over a year. Most of the mosque community was dependent on tourism and worked as a concierge, cleaner, landscaper and water sports guide. Now some locals are selling dried fish and cleaning the hills for fruit that is used to add wrinkles to a local curry – whatever they can do to survive.

Occasionally, Buddhist temples, churches and mosques in Phuket distribute meals to the hungry. The lines are long. The food is running out.

“We can wait a little longer for Phuket to get better,” Ms. Huda said in the heat of the day when the daily fast became long. “But not much more.”

Muktita Suhartono contributed to coverage from Bangkok.

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World News

As China forges international commerce ties, U.S. dangers falling behind

Chinese Premier Li Keqiang attends the signing ceremony of the Regional Comprehensive Economic Partnership (RCEP) agreement following the fourth RCEP summit held on November 15, 2020 via video link. Chinese Trade Minister Zhong Shan signed the agreement on behalf of China.

Xinhua News Agency | Xinhua News Agency | Getty Images

The biggest hole in the Biden government’s otherwise encouraging efforts to better compete with China – a loophole that could undermine all other parts – is the lack of an international trade strategy.

As President Xi Jinping’s China accelerates its efforts to negotiate multilateral and bilateral trade and investment agreements around the world, both Republicans and Democrats in the US have become allergic to such agreements.

“The Chinese firmly believe in the importance of the correlation of forces, and they believe the correlation is in their favor right now,” said Stephen Hadley, former national security adviser to President George W. Bush. If the US does not change this Chinese belief, it will not regain the leverage needed to deal with Beijing.

“The most important missing element in changing this Chinese rationale is a trade strategy,” says Hadley, which could gather global allies, create American jobs and growth, and counter the escalating Chinese efforts to organize the world economy around them.

Former US Secretary of State Madeleine Albright once called the US the “indispensable country” of the world, but Xi now positions China as the “indispensable economy” of the world.

By 2018, 90 countries in the world were trading twice as much with China as they did with the United States. By 2019, China surpassed the US as the world’s largest recipient of FDI. The underlying message now is that China’s market is so large, its liquidity so deep and its recovery from Covid-19 so dramatic (up 18% in the first quarter) that no sane country can resist its acceptance.

“In times of economic globalization, openness and inclusion are an unstoppable historical trend,” President Xi told the Boao Asia Forum this week. Without mentioning Washington by name, he said that “attempts to” build walls “or” decouple “are contrary to economic law and market principles. They would harm the interests of others without being of any use to yourself.”

It is far too easy to poke holes in Xi’s statement: China is still rich in market protection measures and government interventions at home and abroad are on the rise. Intellectual property theft and cybercrime continue.

But without a modern, future-oriented trade strategy, the US is entering this global crisis with one arm behind its back.

“The US and China are in a strategic competition that will determine the shape of world politics this century,” former US Treasury Secretary Hank Paulson Jr. wrote in the Wall Street Journal. “But when it comes to trade, a critical dimension of this competition, America is stepping down.”

This undermines the early successes of the emerging Biden approach to China.

First, Biden has benefited from a bipartisan consensus, rare in Congress these days, on the urgency to face the Chinese challenge.

Second, Biden has started gathering friends and allies in Asia and Europe who share his concerns about China.

In March, Biden called the first meeting of the heads of state and government of the “Quad”, in which the US, India, Australia and Japan participated, in order to balance China in the region. To address China’s far-reaching vaccine diplomacy, countries agreed to distribute 1 billion doses of vaccines by 2022.

Last week, Biden welcomed Japanese Prime Minister Yoshihide Suga as the first head of government to visit Washington. Their joint statement made no mention of China, but did promise that “free and democratic nations that work together” could act to withstand “challenges to the free and open rules-based international order”. You also spoke of ensuring cross-strait peace. This is the first mention of Taiwan by a Japanese prime minister in a joint statement with a US president since 1969.

And for the first time, on March 22, the EU imposed economic sanctions on China for human rights abuses in the Xinjiang Autonomous Region, which acted alongside the US, Canada and the UK.

Third, the Biden government’s $ 1.9 trillion Covid-19 stimulus plan and its upcoming $ 2.3 trillion infrastructure-related investment will keep the US competitive through investment in human capital, physical infrastructure and advanced Improve technology.

The problem is that the same bipartisan consensus in Congress on the Chinese challenge comes with a bipartisan allergy to the kind of multilateral and bilateral trade and investment deals that are required to address Beijing’s dynamic.

Last November, China was one of 15 Asia-Pacific countries, accounting for 30% of global GDP, to sign the Regional Comprehensive Economic Partnership (RCEP). It was China’s first free trade agreement with its US allies Japan and South Korea, which formed the largest trade bloc in history.

China has also expressed an interest in joining the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP). This was the trade deal that eleven countries signed after the Trump administration pulled out of the effort as one of its first acts of government.

Should the RCEP agreement enter into force, which is expected to be before January 2022, and should China be able to join the CPTPP, the international trade agreement in Asia would have largely ended and China would have won.

At the same time, China is making progress on other fronts.

In January, it signed the EU-China Comprehensive Investment Agreement (CAI), much to the dismay of incoming Biden administration officials. (The conclusion of this agreement has stalled in the European Parliament due to new Chinese sanctions against the EU.)

Whatever happens in Brussels, most European countries are eager to sign trade and investment deals with China, which became the EU’s largest trading partner for the first time last year.

The real problem lies in Washington’s lack of alternatives – fueled by the misrepresentation by both parties that globalization has worked against American interests and jobs.

When the Republican Party transformed into the Trump Party, it abandoned the kind of free trade policy that President Ronald Reagan saw as “one of the keys to our nation’s great prosperity.”

While President Barack Obama was negotiating the Trans-Pacific Partnership during his presidency, presidential candidate Hillary Clinton rejected the deal in 2016 after calling it the “gold standard” only three years earlier.

“Both Democrats and Republicans are now advocating ‘a trade policy for the middle class,'” writes Adam Posen of the Peterson Institute in a convincing foreign policy that exposes this approach. “In practice, this appears to mean tariffs and ‘Buy American’ programs aimed at saving jobs from unfair foreign competition.”

Instead, he writes: “Washington should conclude deals that increase competition in the United States and raise tax, labor and environmental standards. It is the self-deceptive withdrawal from the international economy that has failed American workers for the past 20 years , not globalization itself. “

While the Biden government has put its trade agenda on hold, China marches forward – closing deals and setting the standards that will shape the future.

Frederick Kempe is a best-selling author, award-winning journalist, and President and CEO of the Atlantic Council, one of America’s most influential think tanks on global affairs. He worked for the Wall Street Journal for more than 25 years as foreign correspondent, assistant editor-in-chief and senior editor for the European edition of the newspaper. His latest book – “Berlin 1961: Kennedy, Khrushchev, and the Most Dangerous Place in the World” – was a New York Times bestseller and has been published in more than a dozen languages. Follow him on Twitter @FredKempe and subscribe here to Inflection Points, his view every Saturday of the top stories and trends of the past week.

More information from CNBC staff can be found here @ CNBCopinion on twitter.

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Africa’s Vaccine Drive Is Threatened by India’s Provide Halt

NAIROBI, Kenya – The rapidly escalating coronavirus crisis in India is not only forcing hospitals to ration oxygen, it is sending families to find open beds for infected relatives. It is also wreaking havoc on vaccination efforts around the world.

Nowhere is this more evident than in Africa.

Most nations relied on vaccines made in the Serum Institute factory in India. However, the Indian government’s decision to restrict can exports as it deals with its own outbreak means that Africa’s already slow vaccination campaign could soon come to a standstill.

Before India stopped exporting, more than 70 nations received vaccines it had made with a total of more than 60 million doses. Many went to low and middle income countries as part of the Covax program, the global initiative to ensure equitable access to vaccines.

To date, Covax has dispensed 43.4 million doses in 119 countries, but that’s only about 2 percent of the two billion doses expected to be dispensed this year, according to Andrea Taylor, associate director at Duke Global Health Innovation Center.

“Export controls from India are the main limitation on Covax’s current offering,” she wrote in an email.

Even before India stopped shipping, Africa saw the slowest vaccine introduction of any continent. As of April 21, African nations, with a total population of 1.3 billion, had received more than 36 million doses of vaccine, but administered only about 15 million, according to the African Centers for Disease Control and Prevention.

What You Need To Know About The Johnson & Johnson Vaccine Break In The United States

    • On April 23, an advisory panel to the Centers for Disease Control and Prevention voted to lift a hiatus on Johnson & Johnson Covid vaccine and put a label on an extremely rare but potentially dangerous bleeding disorder.
    • Federal health officials are expected to officially recommend states lift the hiatus.
    • The vaccine was recently discontinued after reports of a rare bleeding disorder surfaced in six women who received the vaccine.
    • The overall risk of developing the disorder is extremely small. Women between the ages of 30 and 39 appear to be most at risk, with 11.8 cases per million doses. There were seven cases per million doses in women between 18 and 49 years of age.
    • Almost eight million doses of the vaccine have now been given. There was less than one case per million doses in men and women aged 50 and over.
    • Johnson & Johnson had also decided to postpone the launch of its vaccine in Europe for similar reasons, but later decided to continue its campaign after the European Union Medicines Agency announced the addition of a warning. South Africa, devastated by a contagious variant of the virus, also stopped using the vaccine, but later continued to use it.

Only six million doses were administered in all of sub-Saharan Africa – fewer than many individual US states. The prospect of a reduction in supply complicates the already enormous logistical challenge for many African nations.

Many African governments prioritized giving initial doses to more of their populations in the expectation that more doses would arrive soon. Now they are struggling with what to do when there aren’t enough vaccines to get the full two-dose regimen that provides maximum prevention.

Countries like Rwanda and Ghana, which were among the first to receive doses of Covax, are about to run out of initial supplies. In Botswana, vaccinations were temporarily suspended in some areas this month after the allotted doses ended. And Kenya, which is nearing its initial 1 million dose, said this week it would try to acquire vaccines from Johnson & Johnson and Pfizer to continue its vaccination campaign. On Saturday, due to delays, the country extended the time between first and second dose administration from eight to 12 weeks.

Overall, the 10 African countries that have had the most vaccinations have gone through more than two-thirds of their deliveries, said Dr. Matshidiso Moeti, World Health Organization Regional Director for Africa.

The African Union Vaccination Group has secured funding to purchase up to 400 million Johnson & Johnson vaccines for member states – but those doses will not arrive until the fall.

“More than a billion Africans are on the verge of this historic march to end this pandemic,” said Dr. Moeti.

A spokesman for Gavi, who heads the Covax program, said in an email that it was in close contact with the Indian government about resuming vaccine shipments, but that “we cannot confirm the timing of the next shipments at this stage . “

Even if the United States is betting on tens of millions of doses of the AstraZeneca vaccine – the most affordable vaccine that is widely available – African nations are turning to Russia and China for doses in those countries, despite concerns about a lack of clinical data on its effectiveness pass and security.

Amid the delays, some African countries are facing new and potentially more deadly waves of the pandemic. The African Centers for Disease Control and Prevention reported 2,155 deaths from the virus in the past week, up from 1,866 the week before.

In Nairobi, the capital of Kenya and home to one of the better health systems on the continent, officials have warned of a lack of intensive care beds and oxygen supplies. Last month, the Kenyan government ordered a new lockdown, which has fueled anger over the economic impact of the restrictions.