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Elon Musk boosts Sign app, Sign Advance inventory jumps 1100%

Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory. In Grünheide near Berlin, September 3, 2020.

Patrick Pleul | Image Alliance | Getty Images

When Elon Musk, CEO of Tesla, asked his Twitter followers on Thursday to “use Signal”, he meant the encrypted messaging app. Some people seem to have got it wrong.

Shares of an obscure and independent company called Signal Advance, which trades over the counter, rose 527% Thursday and another 91% on Friday, from 60 cents to $ 7.19.

The signal Musk was referring to is operated by a non-profit organization and serves as an alternative to SMS apps like Facebook Messenger, WhatsApp, and Apple’s messaging service. That signal went to Twitter on Friday to clarify that it has nothing to do with Signal Advance.

“It’s understandable that people would want to invest in Signal’s record growth, but it’s not us,” Signal wrote. “We are an independent 501c3 and our only investment is in your privacy.”

It’s a known problem on Wall Street.

In April 2019, the day Zoom Video Communications made its much-anticipated market debut under the ticker symbol ZM, a Chinese company called Zoom Technologies rose more than 80% in two hours of trading. The stock gave up most of those gains that day, closing 10%.

Six years earlier, as investors waited for Twitter to go public, shares in Tweeter Home Entertainment Group rose more than 1,000%.

Signal Advance was founded in Texas in 1992 under the name Biodyne and provided services to medical and legal professionals. The company shifted its focus to the use of technology in healthcare and changed its name to Signal Advance. The thinly traded stock hit the market in 2014.

Signal Advance is so small it doesn’t file any financial information with the SEC. As of March 2019, there were no full-time employees other than CEO Chris Hymel who did not immediately respond to a request for comment.

Due to the swarm of unintended investor interest, the company now has a market cap of $ 660 million, down from $ 55 million two days ago. As of Thursday, the stock had traded below $ 1 since 2015.

The Signal Messaging app, supported by the Signal Technology Foundation, “runs on donations only,” said a New York article published in October.

The group had other concerns after Musk tweeted his 41-plus million followers. Signal said Thursday there were technical issues with reviews because “so many new people are trying to join”.

Both technical snafu and frantic trading in an unrelated stock underscore Musk’s growing influence. On Thursday, he became the richest person in the world thanks to Tesla’s nearly 800% increase in market cap last year. On Friday, Tesla became the fifth largest public company in the United States, surpassing Facebook.

CLOCK: Former Ford CEO Mark Fields on what Tesla needs to focus on in 2021

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China Exerts a Heavier Hand in Hong Kong With Mass Arrests

Legislators are given “the right to reject government-introduced budgets,” said Civil Dem Rights Front, a pro-democracy group. “In the primaries, candidates only exercised their right to debate their political stance, and voters were free to choose those who were in their favor.”

But Mr Tong, the cabinet member, said these rights could not violate national security. “At first sight,” he said, “it is the legislature’s right to veto the legislation,” but when you think about it more it is not. “

Deliberately vetoing proposals without actually considering them would constitute a violation of the legislature’s obligations, he added.

Officials have indicated that their work is far from finished. A senior police chief told reporters Wednesday that officials may make further arrests in connection with the primaries. The Liaison Office of the Central People’s Government, Beijing’s official arm in Hong Kong, called for vigorous enforcement of the law.

“Only when the Hong Kong National Security Law is fully and accurately implemented and firmly and strictly enforced can national security, social stability and public peace in Hong Kong be effectively guaranteed,” the bureau said in a statement.

Perhaps the clearest sign of Beijing’s desire to exercise its power was who the authorities arrested.

As of Wednesday, those arrested under the national security law were mostly prominent activists or people who openly demonstrated against the government, such as a man who collided with police officers on a motorcycle at a rally, or students whom police said the police had called professional -Independence slogans.

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revenue possible rose in fourth quarter

The Samsung logo can be seen on an Android phone.

Omar Marques / SOPA Pictures | LightRocket | Getty Images

SINGAPORE – Samsung Electronics announced Friday that operating income for the quarter ended December was expected to increase 26% year over year to Korean won 9 trillion (US $ 8.22 billion).

According to Refinitiv SmartEstimate, this was largely in line with analysts’ estimate of 9.1 trillion won.

Samsung Electronics’ shares in South Korea rose 7.12% on Friday.

The company announced that consolidated sales were expected to reach 61 trillion won in the fourth quarter, an increase of nearly 2% year over year. Samsung has not broken down the performance of each business unit, including the main profitable semiconductor business.

Full results for the December quarter are expected later this month.

Korean won and smartphone sales

According to Daniel Kim, senior research analyst at Macquarie Equities Research, Samsung’s forecast fell short of analysts’ expectations for two reasons.

“A strong Korean won against (a) some major currencies like the US dollar and the euro,” he said on CNBC’s Squawk Box Asia on Friday. The other reason is “disappointing” smartphone sales, which have been quite unpredictable over the past few quarters, Kim said.

But the analyst is bullish about the stock. He pointed out that memory chip prices are expected to change this quarter, and average sales prices are expected to rise – this would benefit the semiconductor business.

“The memory surge is likely to last much longer than many people think. So I’m very pleased with my outperformance rating of the stock,” said Kim, adding that Samsung “remains one of the cheapest semiconductor stocks in the world.” “”

Both operating income and consolidated sales were down from the previous quarter, based on Friday’s guidance.

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Abu Bakar Bashir, Indonesian Cleric Tied to Bali Bombing, Is Freed

BANGKOK – One of Indonesia’s most notorious terrorists, Muslim cleric Abu Bakar Bashir, was released from prison Friday after being sentenced to 15 years in prison for more than 10 years for helping set up a terrorist training camp.

Mr Bashir, 82, is the co-founder and former spiritual leader of a secret terrorist group, Jemaah Islamiyah, which carried out a series of deadly attacks in the 2000s, including the 2002 Bali nightclub bombing that killed 202 people, many of them them Australian tourists.

The prison authorities said he had reduced his sentence by 55 months for good behavior, Islamic holidays and other cuts. His release was confirmed by his lawyer, Achmad Midan.

In Australia, relatives and friends of the Bali bombing victims expressed their disappointment at the release of Mr Bashir. Australian Foreign Minister Marise Payne called on Indonesia to closely monitor its activities.

“Our message in Jakarta has made clear our concern that such individuals will be prevented from inciting future attacks against innocent civilians,” Ms. Payne said this week.

Mr Bashir’s release comes as the government tries to fight Another radical Islamic group, the Islamic Defenders Front, whose ardent leader Rizieq Shihab has called for a “moral revolution”. Authorities arrested Mr Rizieq last month for violating coronavirus protocols and ordered his organization to disband.

The country’s counter-terrorism police arrested 23 members of Jemaah Islamiyah last month, including Aris Sumarsono, better known as Zulkarnaen, a leader who had been wanted for 18 years.

Despite Mr Bashir’s long history of terrorist activity, experts said they do not believe he poses a threat in prison given his age and isolation from the extremist movement.

“I don’t think his release will change anything in Indonesia,” said Sidney Jones, director of the Jakarta Institute for Conflict Analysis, who has been following his activities for a long time. “Today’s terrorists can find everything they need for inspiration and guidance on their smartphones. You may respect him, but the world went on. “

Mr. Bashir, whose white hair and grin give him a friendly, grandfather-like appearance, had long tried by all means to establish a caliphate or an Islamic state in Southeast Asia.

In 1972 he co-founded an Islamic school in Central Java that served as a recruiting center for Jemaah Islamiyah.

Dictator Suharto’s crackdown on Islamists forced him to flee to Malaysia, where he lived for many years, and helped build the group into an impressive international network with cells in Indonesia, Malaysia, Singapore and the Philippines.

His close associates included his Indonesian clergyman, Riduan Isamuddin, also known as Hambali, who was believed to be Al Qaida’s main link with Jemaah Islamiyah and the mastermind of numerous bomb attacks. He has been detained in Guantánamo Bay Prison for 14 years.

After Suharto’s fall in 1998, the two Malaysian clergy returned to Indonesia, and Jemaah Islamiyah began its regional campaign of violence, including bombing churches, the Bali nightclub and the JW Marriott Hotel in Jakarta.

The United States accused Mr. Bashir of being a key agent for al-Qaeda, but the Indonesian authorities had problems upholding the charges. He was acquitted of seven terrorist attacks over the Bali bombing but served 26 months on conspiracy and immigration charges.

Mr. Bashir praised the Bali bombers as “Islamic heroes” but declined any responsibility.

Mr. Bashir was arrested again in 2010 for helping to mobilize and fund a militant group that set up an armed training camp in Aceh province. At the time of his trial, his lawyer alleged that the clergyman only brought charges under pressure from Washington.

He was released 10 years and five months after his arrest.

Indonesian President Joko Widodo, who was seeking a second term in 2019, was on the verge of granting Mr Bashir an early release as a concession to conservative Muslims. But he withdrew that plan in the face of strong opposition at home and in Australia.

Mr. Bashir “is a household name but is no longer an influence,” said Alto Labetubun, an Indonesian terrorist analyst. “There is always the possibility that he is the patron of a cycle of violence or new acts of terrorism. But I think its era is over. “

Mr Bashir’s family members said they had not planned a big celebration to welcome him home, perhaps after learning a lesson from Mr Rizieq, who was arrested after having self-imposed gatherings of thousands of thousands upon his return Supporters against coronavirus protocols had organized exile in Saudi Arabia.

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Greater than 50 cops have been harm at pro-Trump riot that additionally killed 4

At least 50 police officers were injured in the Capitol riot, which also killed four after supporters of President Donald Trump broke into the building to prevent the confirmation of Joe Biden’s election victory.

One woman was shot dead by a police officer while another woman and two men died of “medical emergencies,” police said. Authorities later identified the woman who was shot as Ashli ​​Babbitt, who was described in media reports as a pro-Trump, 35-year-old California native, and an Air Force veteran.

“When protesters forced their way to the House of Representatives Chamber, where members of Congress were seeking refuge, a sworn USCP official fired his service weapon and hit a grown woman,” said Steven Sund, police chief of the US Capitol, in a statement on Thursday. “Medical assistance was immediately provided and the woman was taken to the hospital, where she later succumbed to her injuries.”

The officer was put on administrative leave pending investigation based on Capitol Police guidelines, he said.

Robert Contee, chief of the city police, said investigators were trying to establish details of the other three deaths.

“This is a tragic incident and I would like to express my condolences to the families and friends of the victims,” ​​said Contee.

Sund said more than 50 officers from his squad and DC police were injured, and several were hospitalized.

More than an hour after the riots began on Wednesday, Trump urged his supporters to remain peaceful, claiming that “WE are the party for law and order”. He later showed sympathy for the rioters.

Police had responded to violent incidents across the Capitol complex, including two reports of pipe bombs classified as dangerous and harmful, Sund said. The devices were deactivated and handed over to the FBI.

When rioters tried to force their way into the chamber of the house, a Capitol cop fired her gun and hit Babbitt, Sund said. She was taken to a hospital where she died, he said.

The officer who shot her has been put on administrative leave pending an investigation, according to the department’s guidelines, the chief said.

“The violent attack on the US Capitol was unlike any I have seen in my 30 years in law enforcement here in Washington, DC,” said Sund. “The USCP had a solid plan in place to address the anticipated First Amendment activity. Make no mistake about it – this mass riot was not First Amendment activity; it was criminal riot.”

Washington Mayor Muriel Bowser announced a curfew from 6 p.m. Wednesday through 6 a.m. Thursday. The mayor also announced an extension of a “public emergency” for the next 15 days, which would be inaugurated on January 20.

“If you want to cause trouble on the streets of Washington DC, you will be arrested,” Bowser said.

“To our fellow Americans, I know that I am speaking for all of us when I say that we have seen an unprecedented attack on our American democracy, instigated by our President of the United States, and it must be held accountable,” she said.

“His constant and divisive rhetoric led to the heinous acts we saw today, and unfortunately it resulted in a loss of life that will forever tarnish what could have been and what should have been a peaceful transfer of power,” she said .

“Again he must be held accountable.”

The crowd of Trump supporters boarded the Capitol shortly after the trial began to count the votes of the electoral college and confirm Biden’s victory over Trump. Biden got 306 votes, 36 more than he needed, while Trump got 232.

In the run-up to the joint congressional session, Trump gave many of these supporters a fiery uproar at a rally on the White House ellipse, less than two miles from the Capitol. Trump falsely claimed in that speech, as he has repeatedly done since the November 3 elections, that the race had been stolen from him for widespread fraud.

Trump highlighted Vice President Mike Pence, who led the event in Congress, and called on him to reject key election votes in order to overturn the election.

Pence, who had no legal authority to do so, denied Trump’s demands, saying he would perform his mostly ceremonial duties in accordance with law and the constitution.

Dozens of Republicans in the House and Senate had vowed prior to the event to object to the major battlefield nation’s electoral rolls that Biden had won. Objections to Arizona’s votes were raised shortly after the session began at 1:00 p.m. ET, delaying the process as the House and Senate split up to debate and vote on the challenge.

Paramedics perform cardiopulmonary resuscitation on a patient on January 6, 2021 in Washington, DC.

Andrew Caballero-Reynolds | AFP | Getty Images

But the debates quickly stalled when thousands of Trump supporters gathered outside broke the ranks of police officers and infiltrated the Capitol.

Lockdowns and evacuations were in place as the chaos set in. Rioters broke windows and destroyed property as they streamed into the building. They walked freely through the convention halls, entered the legislature offices, occupied the Senate Chamber, and climbed walls and fittings.

Lawmakers evacuated the Chambers of the House and Senate and did not return until about six hours later. Some of the Republicans who had vowed to object to votes abandoned those plans in the face of the violent unrest.

Congress continued counting the votes and ended around 3:40 a.m. on Thursday.

With the siege of the Capitol underway, Trump took to Twitter to initially attack Pence for refusing to reject an election. Shortly thereafter, he followed suit with tweets urging his supporters to “please support our Capitol police and law enforcement agencies”.

Later that afternoon, he urged his followers to “go home now” while showing sympathy and falsely reiterating that the election had been stolen. These tweets were removed from Twitter, which temporarily suspended his account.

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After Fast Vaccine Success, Israel Faces New Virus Woes

JERUSALEM – Just last week, Israel was seen as a model coronavirus country, well ahead of the rest of the world in vaccinating its citizens.

But the virus had other ideas.

This week, Israel faces a tightened lockdown as infections surge to more than 8,000 new cases a day. Officials fear that the more transmissible variant of the virus, first identified in the UK, is spreading rapidly and Israel’s vaccine supplies are running low.

The prospect that Israel would have the virus under control by spring, which was once promising, now seems uncertain. Health officials say the vaccine campaign can’t compete with rising infection rates, at least in the short term.

And the Palestinian Authority, which operates its own health system in the occupied West Bank, has asked Israel for vaccines, which has sparked a debate about Israel’s responsibility to the Palestinians at a time when Israel’s vaccine supplies are dwindling.

“We are at the height of a global pandemic that is spreading at record speed with the UK mutation,” Prime Minister Benjamin Netanyahu said in a video statement late Tuesday, explaining the government’s decision to impose a full national lockdown that will Closing most schools and schools will all non-essential jobs for at least two weeks.

“With every hour that we delay, the virus is spreading faster and it will cost a very high price,” he added.

The lock decision was made after Prof. Eran Segal of the Weizmann Science Institute in Rehovot, Israel, presented the government with the dire prognosis that without such measures, Israel’s infection rate could rise to 46,000 new cases per day by February, an astonishing number Country with about 9 million inhabitants.

Government officials cited the variant discovered in the UK as one of the main reasons for imposing tighter restrictions. Mr Netanyahu said the line had “jumped forward”, although not at the same pace as the UK.

At least 30 cases of the variant have been identified in Israel through special samples spread across 14 different cities. However, officials and experts said these tests were aimed at identifying the presence of the variant, not quantifying it, and the actual number of cases was likely much higher.

Many scientists believe that the variant is more transmissible, which means that it can more easily spread from one person to another.

Professor Segal said the variant could be a factor in the rising rate of infection in Israel’s ultra-Orthodox Jewish community. In the past four weeks, infections among the ultra-Orthodox have increased sixteen-fold.

He estimated that the variant now accounts for around 20 percent of morbidity in ultra-Orthodox cities and neighborhoods.

During the coronavirus crisis, there was constant tension between the ultra-Orthodox, who make up around 12.5 percent of the population, and the incumbent Israelis, especially because some ultra-Orthodox rabbis insisted on keeping their educational institutions open during the crisis, violating previous lockdowns and regulations generally disregarding the restrictions on large gatherings and social distancing.

Israel’s vaccine supplies cast another shadow over the tempting prospect of an early emergence from the crisis. Vaccine supplies were running low and officials said they may have to slow their widely touted vaccination program until mid-January if they can’t convince drug companies to ship more vaccines sooner than promised.

A few days ago, the Israelis celebrated the successful start of their vaccination campaign, which has surpassed the rest of the world. Approximately 1.5 million Israeli citizens, or more than 16 percent of the population, have received an initial dose of the Pfizer BioNTech vaccine since the vaccination program began on December 20.

Updated

Jan. 7, 2021, 6:03 ET

The shortcoming, according to the authorities, could be due to the success of the program: the first phase of the program went faster than most thought possible.

Israel has not disclosed the number of vaccine doses received as the agreements with the pharmaceutical companies are confidential. The government has promised to reserve enough vaccines so that anyone who received a first dose can get their second dose as planned after about 21 days. This should include the majority of Israel’s high-risk population of health workers and citizens 60 and older.

Quiet negotiations are being held with the drug companies to improve their supplies, but the shortage could lead to delays in implementation. Mr Netanyahu, whose political future may depend on the success of the program, said he “continues to work around the clock to bring millions of vaccines to Israel”.

Mr. Netanyahu said Wednesday that a small initial shipment of Moderna vaccines should arrive on Thursday and that more would follow. Pharmaceutical companies now see Israel as an interesting test case for vaccination effectiveness and possibly the first country to be fully vaccinated. Officials and experts stated this, which gives him an advantage in securing additional shipments.

Israel has been criticized by human rights groups for failing to expand its vaccination program to most Israeli-controlled Palestinians, despite the fact that Israelis living in settlements in the West Bank have been vaccinated.

Palestinian officials have recorded hundreds of Covid-19 cases daily in the occupied West Bank and Hamas-led Gaza Strip, the overcrowded Palestinian coastal enclave whose borders are tightly controlled by Israel and Egypt, and health officials believe the real numbers are much higher . Palestinians in these areas have not yet received vaccines.

On Wednesday, two Palestinian officials said the Palestinian Authority had asked Israel for up to 10,000 doses of the vaccine to immunize Palestinian frontline workers.

Hussein al-Sheikh, the top Palestinian official in charge of coordination with the Israelis, said Israel refused.

An Israeli official, who spoke on condition of anonymity for not having the authority to speak to the news media, said Israel secretly delivered “dozen” vaccines to the Palestinians this week but has not yet responded to the larger request. Several Palestinian officials denied having received vaccines from Israel.

The Oslo Accords, the provisional peace accords signed between Israel and the Palestine Liberation Organization in the 1990s, commit both sides to work together to fight epidemics and provide each other with support in emergencies.

The Geneva Conventions also oblige an occupying power to ensure medical care for the local population and preventive measures to combat contagious diseases and epidemics.

Alan Baker, a former Israeli ambassador and international law expert who helped draft the Oslo Accords, said he believes this would “represent a commitment for Israel to provide vaccines to fight Covid 19 help “but that was it” a one-way street. “

Hamas, he said, holds Israeli hostages in Gaza and is obliged to release them by the same humanitarian standards.

Israel Health Minister Yuli Edelstein said last week it was in Israel’s best interest to contain the virus on the Palestinian side, but Israel’s first obligation was to its own citizens. (Palestinian citizens of Israel and residents of East Jerusalem receive vaccinations through the Israeli program.)

Dr. Ali Abed Rabbo, a senior official in the agency’s health department, said the Palestinians hope to receive two million doses of the Oxford-AstraZeneca vaccine in February. They also expect the Covax global vaccine-sharing system to deliver 60,000 doses in the first quarter of 2021 and nearly two million more later this year.

United Nations officials have asked Israel to provide the Palestinians with some vaccines to protect their medical workers, said Gerald Rockenschaub, head of the World Health Organization’s mission to the Palestinians.

But Israel advised United Nations officials that it cannot send vaccines to the Palestinians just yet because of a lack of shots for its own citizens, Rockenschaub said.

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RBI financial coverage committee member on inflation, development

SINGAPORE – Inflationary pressures and the state of economic recovery will guide future policy moves by the Reserve Bank of India, a member of the bank’s monetary policy committee told CNBC.

In her personal capacity, Ashima Goyal, who is also an economics professor at India’s Indira Gandhi Development Institute, said the RBI’s monetary policy committee “is concerned about inflation”.

According to local media reports, Goyal was appointed to the central bank’s monetary policy committee in October.

“Inflation has been above our target for the past few months, but it has been falling over the past month,” she said on CNBC’s Street Signs Asia on Wednesday.

“I think the reason for this is that the ongoing effects of the lockdown are generally less than expected,” Goyal said. She referred to India’s national lockdown between late March and May to slow the spread of the coronavirus, causing a collapse in private consumption and investment demand and forcing the economy into two consecutive quarters of contraction.

We believe that inflation will return to the target range.

Ashima Goyal

Member of the Monetary Policy Committee of the Reserve Bank of India

Economists were unimpressed by the government’s fiscal measures announced last year to revive growth. Some suggest it was up to the RBI to do the heavy lifting on short notice. The central bank has kept the key interest rate at which it grants commercial banks loans unchanged since May.

Inflation has remained well above the RBI’s target range of 2% to 6% in recent months. However, retail inflation fell to 6.93% in November as food prices fell, Reuters reported. Some economists expected inflation to continue easing in both December and early 2021.

“Due to inflationary pressures, the RBI has been on hold and has not cut rates after the initial cuts. They have been stable over the past few months,” said Goyal, adding: “We believe inflation will return to the target range. “” It did not provide a precise timetable for when inflation could fall below 6%.

When asked about future central bank interest rate movements, Goyal said the monetary policy committee would make “data-driven” decisions. “We are seeing what happens to inflation and how the recovery takes shape,” she added.

The World Bank recently forecast a recovery in Indian economic growth to 5.4% in 2021 but said “The recovery from a low base will be offset by subdued private investment growth amid weaknesses in the financial sector.”

A naval officer walks past the Reserve Bank of India (RBI) building in Mumbai, India on Tuesday, March 3, 2020.

Kanishka Sonthalia | Bloomberg | Getty Images

Citi economists said in a statement Monday that data suggests the government’s position is “less precarious” ahead of the 2022 budget submission on Feb.1. They said that while government spending on incentives subsided in areas such as agriculture and rural areas, spending by infrastructure-related ministries such as railways, road transport, water and housing has picked up.

While a compression in government spending weighed on the second quarter of India’s fiscal year 2021, which ends March 31, Citi economists said, “Spending trends in the (third quarter) support the recovery in growth.”

The government has also generated better-than-expected gross tax revenues in recent months, suggesting “a less challenging fiscal position,” the economists said.

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UK Lockdown: Colleges, Schools to Shut as Coronavirus Variant Rages

LONDON – Prime Minister Boris Johnson imposed a tough new national lockdown on Monday as the UK’s desperate race to vaccinate its population could be overtaken by a fast-spreading variant of the coronavirus that was on track to overwhelm the country’s beleaguered hospitals .

After several days of alarmingly high and escalating case numbers, Mr Johnson ordered schools and colleges in England to close their doors and switch to distance learning. He appealed to the British to stay home for all but a few necessary purposes, including essential work and the purchase of food and medicine.

The nationwide restrictions, officials warned, will remain in place until at least mid-February.

The decision was a new setback for Mr Johnson as the arrival of two vaccines after nine months and severe criticism of his handling of the pandemic appeared to offer a way out of the crisis.

On the day the first doses of a vaccine developed by AstraZeneca and Oxford University were given, the good news was drowned out by the reintroduction of the kind of sweeping restrictions put in place last spring when the pandemic first threatened to spiral out of control.

In the past few weeks, the new, highly transmissible variant of the virus has caught on in London and the south-east of England, causing the number of cases to rise alarmingly to nearly 60,000 a day and putting hospitals under acute pressure.

On Sunday, Mr Johnson admitted that current controls of daily living were inadequate. However, the first announcement of a full lockdown came not from England but from Scotland, where the first minister, Nicola Sturgeon, has consistently moved further and faster to tame the pandemic.

In Edinburgh, Ms Sturgeon said that mainland Scotland people must be required to stay at home and work from wherever possible, while places of worship would be closed and schools were largely operated by distance learning.

Mr Johnson followed on Monday evening to announce the lockdown in England that many predicted.

“It is clear that we must do more together to get this new variant under control while our vaccines are rolled out,” Johnson said in a televised address.

While the coming weeks may be some of the toughest, he believed Britain “is entering the final phase of the struggle because with every push that goes into our arms we tilt the odds against Covid and in favor of the British people. ”

The people of England have been encouraged to comply with the new rules immediately, although some of the new restrictions won’t take effect until Wednesday morning and a vote in Parliament will likely take place, specifically recalled on the same day.

Ministers had celebrated the deployment of the AstraZeneca vaccine, which is not only cheaper than Pfizer-BioNTech’s but also much easier to store. They said it could help turn the tide in Britain’s fight against the virus.

However, the UK is in a race to roll out its mass vaccination program before its overloaded health service is overwhelmed by the new variant. Covid-free treatment is already being postponed again, and pictures of ambulances piling up in some hospitals’ parking lots last week highlighted the challenge facing the country’s tired health workers.

Updated

Jan. 6, 2021, 3:48 p.m. ET

The government has raised its Covid warning for the first time and warns of a “material risk that health services will be overwhelmed”. There were more than 26,000 Covid-19 patients in hospitals as of Monday, up 30 percent from the previous week, Johnson’s office said. And cases are increasing rapidly across the country, it said.

Mr Johnson has set an ambitious goal for the country’s vaccine campaign: to have a first dose of the vaccine to the most vulnerable populations by mid-February. If the government does this, the restrictions could be lifted.

Most Britons are already exposed to severe restrictions in everyday life. Non-essential shops, pubs and restaurants are already closed in much of England, where those who live by the strictest rules in the areas are not allowed to mix between households.

Now all parts of England will be under these curbs and schools will be closed to most students.

However, some restrictions will be a little less onerous than those imposed last March when the virus marched relentlessly across Europe and the country was first put into lockdown.

This time around, people in England are still allowed to meet someone else to exercise together outside, and the places of worship remain open, as are the playgrounds. Elite professional football games continue, although some games had to be canceled recently after players became infected.

For critics, developments on Monday showed Mr Johnson’s tendency to postpone decisions until the last moment, in part to balance public health issues with concerns of many of his ruling Conservative Party about the devastating economic impact.

On Sunday, after Mr Johnson used a BBC interview to warn that new restrictions were likely, opposition Labor Party leader Keir Starmer called for immediate new national restrictions.

But on Monday morning, Mr Johnson initially appeared to be resisting being forced to take a quick decision, insisting that the government still measure the impact of the toughest restrictions already in place on a hospital visit. He acknowledged that “tough” weeks were ahead and said there was “no question” that tougher measures would be announced “in due course”.

Even within his own Conservative Party, pressure mounted when a senior lawmaker and former health minister, Jeremy Hunt, wrote on Twitter that it was “time to act” and “schools, close borders and immediately ban any confusion. ”

The main lesson from dealing with the pandemic was that “Countries that act early and act decisively save lives and quickly get their economies back to normal,” Hunt said.

Medical experts said that given the rapid spread of the new variant, Mr Johnson had no choice but to take more draconian measures. Some said the prime minister was already behind the curve given the number of cases and hospital admissions skyrocketed over the past week.

“He’s running late,” said Devi Sridhar, director of the global public health program at the University of Edinburgh. “The situation is bad with the new variant. You have to manage boundaries, pause schools, and stop mixing between households. “

The government’s scientific advisory body known as SAGE recommended on December 22nd that the UK consider a national lockdown and close schools and universities. The variant is on the way to become dominant in many parts of the country.

New infections have risen to almost 60,000 per day, twice as many as a few weeks ago.

Hospital admissions in London have doubled every week since early December, wrote Christina Pagel, director of clinical operations at University College London, on Twitter. The UK already has the highest death toll in Europe, with 75,024 deaths, and medical experts are warning that it will rise again after more modest growth in the summer.

Others expressed concern about the constant changes in the message of a government that often seemed to respond to fast-moving events rather than anticipating them.

After the national lockdown last year, the government promised to do everything possible to keep schools open. However, the return of students on Monday after the winter break was confusing as some schools had to close in areas with high infections while some school principals decided to do it themselves. In some cases it was because too many employees were sick, in others it was reports that children might be more susceptible to the new variant than to the original virus.

A teachers’ union called on all elementary schools to switch to distance learning in the first two weeks of January, with the exception of classes aimed at vulnerable children and the families of key workers.

After days of chaos over school policy, Mr Johnson reluctantly and belatedly agreed to the proposal on Monday.

“Parents whose children were in school today reasonably wonder why we didn’t make that decision sooner,” he said, adding, “the answer is simply that we have done everything in our power to make schools keep open. “

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10-year Treasury yield rises to 1% for the primary time since March amid Georgia runoff elections

Traders work on the NYSE floor.

NYSE

The competitions will determine control of the Senate for the next two years. Many believe a democratically controlled Senate could make it easier for lawmakers to enforce a bigger incentive. More government spending could lead to higher inflation, which would lead to higher returns.

“It’s almost as if the market is just relieved that we are coming to a conclusion and the returns are spreading wider. Investors bet on more deficits, more spending and more government bonds when Democrats take control of the Senate,” said Gregory Faranello, head of US pricing at AmeriVet Securities. “Now that the 10-year mark has broken 1%, we’ll be spending some time in the 1% to 1.20% range.”

Earlier this week, 10-year inflation expectations broke even at 2% for the first time in more than two years.

It was a slow rebound from the 10-year rate, which fell to a record low of 0.318% in March, while a historic flight to safe assets took place amid the depth of the pandemic. With unprecedented monetary and fiscal stimulus, bond yields have gradually increased, but ongoing Covid uncertainty and uneven economic data have made interest rates bumpy.

Earlier this week, bond yields were boosted by stronger-than-expected economic data.

A US manufacturing activity index rebounded to 60.7 last month, its highest level since August 2018, according to the Institute for Supply Management. Economists polled by Dow Jones had forecast the index would fall to 57.0 in December.

Tom Essaye, founder of Sevens Report, said the breakout in yields shouldn’t put pressure on risk-weighted assets in the short term.

“That wouldn’t be a direct headwind for stocks, but it would reinforce the fact that rising yields are an issue we need to watch closely in 2021,” Essaye said Tuesday.

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World News

Your Wednesday Briefing – The New York Occasions

With the highest number of coronavirus infections in Southeast Asia, Indonesia is keen to start vaccinating in the coming weeks. However, one thing stands in the way of the hundreds of millions of Muslims: is the vaccine halal?

After waiting months for responses from Sinovac, the Chinese manufacturer whose shot is being distributed there, the clergy received a one-sentence answer that said: The vaccine was “made free of pig materials”. Religious leaders want more details as even the smallest amount of pork DNA could deter some devout Muslims from taking it.

President Joko Widodo has rejected concerns, saying the emergency situation is the greater priority. It is possible for a fatwa to be issued, as has been done in the past. Islamic authorities in other countries with large Muslim populations such as Malaysia and the United Arab Emirates have already declared the vaccine legal.

The goal: Indonesia hopes to vaccinate 181.5 million adults within 15 months.

Here are the latest updates and maps of the pandemic.

Voters take part in the elections in Georgia to decide which party has control of the Senate. On Wednesday, Congress will meet to confirm President-elect Joe Biden’s victory, while Republicans make one last attempt to scrap the election results.

The elections in Georgia are turning into a nail biter. In November, no candidate received 50 percent of the vote. Early voting data and polls show that the race is very close again.

If the Republicans keep control of the Senate, it will be much harder for Mr Biden to get his agenda through. Republicans need only win one of the two races to retain control of the Senate. Democrats need both to regain control. There is something to see here.

Next Up: Voting in Congress to confirm the results of the presidential election is a procedural step that Americans would ignore in most elections. But it has taken on new meaning in a year the president tried to derail the process.

Some Republicans are planning a final showdown to invalidate Mr Biden’s win, but they will almost certainly fail. Follow our latest updates here.

For the first time since the census was recorded, the number of newborns in South Korea fell below the number of deaths last year. A shrinking and rapidly aging population could lead to a long-term crisis in one of the world’s major economies.

The coronavirus pandemic may have contributed to the problem: Although the death toll was low at around 1,000 people, the health crisis may have deterred people from having children or from marrying. Successive governments have tried to provide financial incentives for couples to have more children without success.

The payment: There were 275,815 births, a decrease of 10.65 percent from 2019 and 307,764 deaths, an increase of 3.1 percent from 2019. South Korea’s birth rate is the lowest in the world.

Residents of the Pigeon Pavilion in California wake up in private rooms with views of the forested Santa Cruz Mountains and relax in landscaped courtyards throughout the day. It might sound like a resort, but the center is a mental health facility that opened in June.

Psychiatric hospitals have been a dire situation for decades. However, new research into the health effects of our surroundings is driving the development of mental health facilities that are cozy, calming, and supportive, with private spaces and more greenery.

Vietnam journalists: Three journalists were sentenced to 11 and 15 years’ imprisonment, including a prominent reporter who wrote for foreign news organizations and campaigned for the freedom of the press. As Congress draws closer to the ruling Communist Party, the authorities arrested or prosecuted its loudest critics.

Death penalty for China: Lai Xiaomin, the former chairman of Huarong Asset Management, was sentenced to death Tuesday. This is a rare and dramatic example of Beijing’s use of the death penalty for economic crimes. He was convicted of $ 277 million in bribes.

Blockade in Qatar: Representatives of several Gulf states signed an agreement to ease Qatar’s isolation from its Arab neighbors, who have blocked the country since 2017 when neighbors accused it of coordinating too closely with Iran. The deal came a day after Saudi Arabia agreed to reopen its borders and airspace to Qatar.

Snapshot: Above, a group in a rented igloo between curling games in New York City. Restaurants and cafes that can only dine outdoors get creative in a gloomy winter. Heated huts, igloos and games like ice stock sport are popping up in the city.

What we read: This Der Spiegel interview with BioNTech founders Özlem Türeci and Uğur Şahin. It contains reassuring information about the virus variant (yes, the vaccine will continue to be effective against it) and insight into the amazing life of this “first pair of medicines”.

Cook: This yam and plantain curry with crispy shallots is an adaptation of Asaro, a dish made from starchy root vegetables cooked in a flavored tomato and chili-based sauce and served in southern Nigeria and other parts of West Africa.

Read: “Himalaya: A Human History” by Ed Douglas, journalist and climber, tells the story of the highest mountains in the world and its equally enormous impact on humanity.

To do: Imagine you are in Cartagena. The Colombian city is so magical that it has inspired entire books by Gabriel García Márquez.

Whether books or baking, we have everything for you. At home, you have ideas for what to read, cook, see, and do while being safe at home.

David Vecsey, a Times editor, wrote about the gaffes and mistakes that can keep him up at night. Here is an excerpt.

It’s a feeling every editor knows. At 3 am you wake up from a deep sleep with your eyes open and say to yourself: Did I misspell “Kyrgyzstan” last night? And nine times out of ten, you can easily go back to sleep knowing you’ve done it.

Copy editors have an almost photographic memory when it comes to the words that pass before our eyes. Unfortunately, the cameras we use are those old-fashioned tripods that use flaming magnesium for a flash and take hours or even days to develop the images.

But at some point it all comes back in a rush of clarity. You might be pushing your toddler through the park on a glorious, sunny day off if you suddenly wonder: Did I say Dallas was the capital of Texas last week? Yes. Yes you did You idiot.

My job, put simply, is to get things right. So there’s no worse feeling than realizing that you’ve put a correctable mistake on the press and that a day or two later a correction will come up to say, “Because of an editing error …”

The Times has strict guidelines for correcting it: if it’s wrong, even if it’s online or in a print issue for a few minutes, get it corrected. It is this commitment to accuracy that deserves the trust of our readers.

Reading proofs in the New York Times is like taking a guided tour through the pitfalls of journalism. Here you will discover the Ginsberg-Ginsburg Vortex, a black hole that has engulfed many journalists who have confused the names of the poet and justice.

When I’ve learned one thing, there is one thing you need to shrug off your mistakes and move on. And one day I’ll learn from God how to do that.

That’s it for this briefing. Until next time.

– Melina

Many Thanks
To Theodore Kim and Jahaan Singh for the break from the news. You can reach the team at briefing@nytimes.com.

PS
• We listen to “The Daily”. Our latest installment is part 2 of a series about the Georgia Senate runoff races.
• Here is our mini crossword puzzle and a clue: Enthusiastic (five letters). You can find all of our puzzles here.
• Katie Glueck, our main reporter for the Biden campaign, joins Metro as Chief Political Correspondent.