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Last buying and selling day of the 12 months

LONDON – European markets closed on Thursday, the last trading day of a year dominated by the coronavirus pandemic and exceptional stimulus measures that sought to mitigate the economic impact of the health crisis.

The pan-European Stoxx 600 index closed 0.14% lower on New Year’s Eve after a shorter trading session. The London FTSE index closed 1.45% lower on the last day the UK is de facto a member of the EU’s internal market and customs union, before Brexit was finally implemented.

UK banks, retailers and construction companies were among the stocks that traded lower on Thursday. Sentiment has likely been influenced by both the uncertainty surrounding Brexit and further restrictions on public life announced by the UK government on Wednesday due to the rate of coronavirus infections.

The Stoxx 600 index closed 3.8% year-to-date, but rose nearly 11% in the quarter. For the individual indices, the FTSE had fallen by over 14% since the beginning of the year, making it the worst year since 2008.

The French CAC 40 fell 7%, the German DAX 3.5% and the Italian FTSE MIB 5.4%. The worst performing market in the region was the Spanish IBEX, which fell nearly 15% this year.

Factory output dates in China

Nearly all European markets ended 2020 bleakly after year-end trading in Asia was weak and US stock futures were largely unchanged early Thursday morning. Markets in Europe closed early Thursday at 1 p.m. London time.

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In Abrupt Reversal of Iran Technique, Pentagon Orders Plane Provider Residence

WASHINGTON – The Pentagon abruptly sent the aircraft carrier Nimitz home from the Middle East and Africa to raise objections to senior military advisers. This marks the reversal of a week-long muscle building strategy designed to deter Iran from attacking American troops and diplomats in the Persian Gulf.

Officials said on Friday that incumbent Defense Secretary Christopher C. Miller had ordered the ship to be redeployed in part as a “de-escalation” signal to Tehran to avoid President Trump falling into crisis in the dwindling days of his term in office. American intelligence reports suggest that Iran and its deputies may be preparing a strike this weekend to avenge the death of Major General Qassim Suleimani, the commander of Iran’s elite Quds force in the Islamic Revolutionary Guards Corps.

Pentagon senior officials said Mr Miller believed that dispatching the Nimitz before the first anniversary of General Suleimani’s death in an American drone strike in Iraq would eliminate what Iranian hardliners see as the provocation justifying their threats against Americans could be military targets. Some analysts said the Nimitz’s return to her home port of Bremerton, Washington, would be a welcome relief in tension between the two countries.

“If the Nimitz leaves, it could be because the Pentagon believes the threat may lessen somewhat,” said Michael P. Mulroy, the Pentagon’s former chief politician in the Middle East.

However, critics said the mixed news was another example of the inexperience and confusing decision-making at the Pentagon since Trump fired Secretary of Defense Mark T. Esper and several of his top aides in November and replaced them with Mr. Miller, a former counter-terrorism adviser at the White House and several Trump loyalists.

“This decision sends a mixed signal to Iran at best and reduces our choices at just the wrong time,” said Matthew Spence, a former senior Pentagon leader in the Middle East. “It seriously questions what strategy the administration is pursuing here.”

Mr. Miller’s order canceled a request from General Kenneth F. McKenzie Jr., commander of the American Forces in the Middle East, to extend the Nimitz’s service and keep her formidable wing of attack aircraft ready.

In the past few weeks, Mr Trump has repeatedly threatened Iran on Twitter, and in November senior national security aides advised the president against launching a pre-emptive strike against an Iranian nuclear facility. It is unclear whether Mr Trump was aware of Mr Miller’s order to send the Nimitz home.

The Pentagon and General McKenzie’s Central Command had published several violent demonstrations over weeks to warn Tehran of the consequences of an attack. The Nimitz and other warships arrived to protect American forces withdrawing from Iraq, Afghanistan and Somalia. The Air Force dispatched B-52 bombers three times to fly within 60 miles of the Iranian coast. And the Navy announced for the first time in nearly a decade that it had ordered a Tomahawk missile submarine into the Persian Gulf.

On Wednesday, General McKenzie warned the Iranians and their Shiite militia representatives in Iraq against attacks around the anniversary of General Suleimani’s death on January 3.

On Thursday, senior military advisers including General McKenzie and General Mark A. Milley, chairman of the joint chiefs of staff, were surprised by Mr Miller’s decision on the Nimitz.

The Navy had attempted to expand the aircraft carrier’s already protracted use, but commanders believed the warship would remain for a few more days to counter what military intelligence analysts saw as a growing and imminent threat.

American intelligence analysts have discovered Iranian air defenses, naval forces and other security forces on greater alert in the past few days. They also noted that Iran brought more short-range missiles and drones into Iraq. But senior Defense Department officials admit they cannot say whether Iran or its Shiite proxies in Iraq are ready to beat American troops or prepare defensive measures if Mr Trump orders a pre-emptive attack against them.

“What you have here is a classic security dilemma where maneuvers on either side can be misunderstood and increase the risk of miscalculation,” said Brett H. McGurk, Trump’s former special envoy for the coalition on the defeat of Islamic State.

Some of Mr. Miller’s top advisors, including Ezra Cohen-Watnick, one of the White House loyalists newly appointed as Pentagon’s chief intelligence officer, have expressed doubts about the Nimitz’s deterrent value, especially when weighed against the moral cost of their expanding tour . Some aides also questioned the impending attack by Iran or its proxies, an assessment CNN had previously reported.

Pentagon officials said they had sent additional land-based warplanes and attack jets, as well as refueling planes, to Saudi Arabia and other Gulf states to compensate for the Nimitz’s loss of firepower.

On Friday, the commander in chief of Iran’s Islamic Revolutionary Guard Paramilitary Corps said his country was fully prepared to respond to US military pressure amid mounting tensions between Tehran and Washington in the waning days of Trump’s presidency.

“Today we have no problem, worry or concern about meeting any powers,” Major General Hossein Salami said at a ceremony at Tehran University to commemorate the anniversary of General Suleimani’s death.

“We will give our last words to our enemies on the battlefield,” said General Salami, without directly mentioning the United States.

Iranian Foreign Minister Javad Zarif said Thursday that the Trump administration was creating an excuse for war.

“Instead of fighting Covid in the US, @realDonaldTrump & Cohorts are wasting billions flying B52 and sending Armadas to our region,” Zarif said in a tweet. “Iraqi intelligence agencies suggest a conspiracy to create the pretext for war. Iran does not seek war, but will openly and directly defend its people, security and vital interests. “

In a further provocation from Iran on Friday, Tehran informed international inspectors that the production of uranium with a significantly higher enrichment was to begin in Fordow, a plant that lies deep under a mountain and is therefore more difficult to attack. The move appeared primarily to be aimed at putting pressure on President-elect Joseph R. Biden Jr. to re-join the nuclear deal with Iran. Little activity was allowed at the Fordow plant under the 2015 contract.

The message to the International Atomic Energy Agency in Vienna, the United Nations group that oversees the production of nuclear material, said Iran will resume production of uranium enriched with 20 percent purity. This is the highest level it produced before the nuclear deal, which the country justified at the time as necessary for the production of medical isotopes for its Tehran research reactor.

Fuel enriched to this level is not enough to make a bomb, but it is close. It requires relatively little further enrichment to reach the 90 percent purity traditionally used for bomb fuel.

The move wasn’t unexpected. The Iranian parliament recently passed a law requiring the government to increase both the amount of fuel it produces and the level of enrichment. But the decision to carry out this production in Fordow, the newest plant, was significant. The facility is located deep under a mountain in a well-protected base of the Islamic Revolutionary Guards. A successful attack would require repeated attacks using the largest bunker bomb in the American arsenal.

It would be months for Iran to produce a significant amount of 20 percent enrichment fuel, but the mere announcement could be another red flag for Mr Trump to rekindle the bombing options.

David E. Sanger contributed to the coverage.

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Weekly jobless claims fall for a second straight week

The number of people applying for unemployment benefits for the first time fell unexpectedly last week, marking its second consecutive decline.

Initial jobless claims fell by 19,000 to 787,000 in the week ended December 26, the Labor Department said on Thursday. Economists polled by Dow Jones expected initial jobless claims to rise to 828,000. The previous week’s total for initial applications has been revised up by 3,000 to 806,000.

Ongoing entitlements, which include those who have received unemployment benefits for at least two weeks, decreased by 103,000 to 5.219 million in the week of December 19. The data on ongoing claims is one week behind the original claims figures.

The number of people receiving benefits in all unemployment programs decreased by 800,000 to 19.6 million.

The four-week moving average for first-time registrants rose 17,750 to 836,750, indicating that the job market is still under pressure as the coronavirus pandemic rages on.

“There’s no real improvement in the data,” John Ryding, business advisor at Brean Capital, told CNBC’s Squawk Box. “What we are seeing is a very difficult time in the economy with the virus uptake we saw and the slow adoption of vaccination.”

The United States has at least 181,998 new coronavirus cases every day based on a 7-day average calculated by CNBC using data from Johns Hopkins University. The hospital stay rate in Covid has also increased, exceeding 125,000 for the first time.

“There is good news ahead of us, but you can’t see it in these numbers,” said Ryding. “This good news will come when there is enough [vaccine] Shots in people’s arms and we’re approaching something like herd immunity. Unfortunately that won’t be until summer. “

U.S. lawmakers recently approved a $ 900 billion Covid stimulus package that includes direct payments of $ 600 to most Americans. This week the House passed a measure to raise those payments to $ 2,000, but Senate Majority Leader Mitch McConnell has blocked them.

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What to Know as Troubled Afghan Peace Talks Enter a New Part

KABUL, Afghanistan – After four decades of fierce fighting in Afghanistan, peace negotiations between the Afghan government and the Taliban have at least opened the possibility that the long cycle of violence may one day end.

But that milestone is still a long way off. The most recent round of discussions, which started in September, was fraught with bureaucratic problems and months of debates on minor issues.

And although these talks resulted in an agreement on the principles and procedures that will guide the next round of peace negotiations, they came with a price. As the two sides met in Doha, Qatar, bloodshed on battlefields and in Afghan cities rose sharply.

Now that the peace talks are due to resume on January 5th, details of the next negotiations remain unclear.

While both the Afghan government and the Taliban have announced that they will not publicly publish their priority lists for the next round of negotiations, security analysts, researchers, and government and Taliban officials expect the following – and what hinders these talks must be overcome.

The ultimate goal of the negotiations is to establish a political roadmap for a future government. The head of the government’s negotiating team, Masoom Stanikzai, said Wednesday that a ceasefire would be the delegation’s top priority. The Taliban, who have leveraged attacks against security forces and civilians, are instead trying to negotiate a form of government based on strict Islamic laws before discussing a ceasefire.

However, it will not be easy to get to these larger fundamental questions as both sides continue to cling to the meanings of fundamental terms such as “ceasefire” and “Islamic”. There are many forms of ceasefire, from permanent and federal to partial and conditional, yet the public portion of the February US-Taliban agreement calling for the full withdrawal of American troops mentions but does not specifically mandate or fully define them how it should look.

The Taliban also refuse to specify what they mean by “Islamic” and the government’s insistence on an “Islamic” republic has been the subject of intense debate.

“The Taliban say they want an Islamic system, but they don’t specify which ones,” said Abdul Haific Mansoor, a member of the Afghan negotiating team, pointing out that there are almost as many systems as there are Islamic countries.

The next round of talks will also be made more difficult by the Taliban’s demand that the government release more Taliban prisoners. The government’s release of more than 5,000 prisoners removed the final barrier to negotiations in September, but President Ashraf Ghani has so far refused to release any more.

Both sides used the violence on the ground in Afghanistan as leverage during the Doha negotiations, but the Taliban have been more aggressive in their attacks than the government, whose troops tend to stay at bases and checkpoints to respond to sustained attacks.

According to a New York Times review, the number of security forces and civilians rose during the ongoing talks in the fall, before the Afghan government and Taliban negotiators announced in early December that they had reached an agreement on procedures for future talks had cold weather likely contributed to the decline as well. At least 429 pro-government forces were killed in September and at least 212 civilians were killed in October – the worst tolls in any category in more than a year.

“The killing and bloodshed have reached new heights,” said Atiqullah Amarkhel, a military analyst in Kabul. “What kind of will for peace is that?”

Ibraheem Bahiss, an independent Afghan research analyst, said the Taliban are pursuing two paths simultaneously: violence and negotiation.

“Your goal is to come to power and have a particular system of government,” said Bahiss. “Whether they achieve it through conversation or through fighting, both of them have costs that they are willing to bear.”

Although the Taliban have greatly reduced direct attacks on US forces since February, the insurgent group has relentlessly expanded the territory it controls by besieging local security forces.

In response, the Americans have launched air strikes where Afghan troops were under extreme stress during the Taliban’s attacks. One Taliban official said the level of violence in the group was direct response to air strikes from the United States or to military and poorly received diplomatic action by the Afghan government.

US air strikes this fall rescued the crumpled defenses of Afghan units in Kandahar and Helmand provinces, revealing deficiencies in Afghan ground and air forces that are under constant attack. US officials said the deteriorating morale of the armed forces has raised concerns about General Austin S. Miller, commander of the US-led mission in the country.

At the same time, the number of American troops dropped from around 12,000 in February to an estimated 2,500 by mid-January. A full withdrawal is planned by May, when the deal goes into effect. This has left Afghan officials unsure of how their forces can survive without American support.

The importance of the talks with the United States was underscored in November when Secretary of State Mike Pompeo visited Doha and met with negotiators, and again in mid-December when the Chairman of the Joint Chiefs, General Mark A. Milley, did the same.

A Pentagon statement said General Milley urged the Taliban to “reduce violence immediately,” a term that American officials have used several times this year and that is open to a wide range of interpretations. US officials are trying to balance the battlefield.

Both sides are also waiting to see whether President-elect Joseph R. Biden Jr. will stick to the troop withdrawal schedule or possibly renegotiate the entire deal.

If Mr Biden decides to leave any remaining American anti-terrorist military force in Afghanistan after May 2021, as suggested by some US lawmakers, Mr Bahiss said, “The Taliban have made it clear that the entire deal would be void.”

In light of the allegations and suspicions in Doha, some Afghan analysts fear that talks could stall for months.

“The distrust between the two sides has increased violence, but nothing has been done to eradicate that distrust,” said Syed Akbar Agha, a former leader of the Taliban’s Jaish-ul Muslim group.

This could indefinitely delay serious attempts to address core government issues such as human rights, free press, rights for women and religious minorities, and democratic elections, among others.

Taliban negotiators have stated that they support women’s rights, for example, but only under strict Islamic law. Many analysts interpret this as the same harsh oppression of women practiced by the Taliban when they ruled Afghanistan from 1996 to 2001.

The deeply divided government in Kabul also fears that the Taliban will try to shorten the time before all American forces depart, while the Taliban claim that Mr Ghani, who was re-elected in a bitterly controversial election last spring, stands still to serve out his five year tenure. If a form of national unity or an interim government were agreed, Mr Ghani would be unlikely to remain in office.

Another complication is the division within the Taliban, from stubborn commanders in Afghanistan to political negotiators in Doha’s hotels. Some Taliban factions believe they should fight and defeat the Americans and the Afghan government, not negotiate with them.

Mr. Agha, the former Taliban leader, said little progress was likely unless an impartial mediator emerged that could destroy the lack of confidence in Doha.

“If not,” he said, “I don’t think the next round of talks will end with a positive result.”

Some analysts fear an even more threatening result. Torek Farhadi, a former advisor to the Afghan government, said: “One thing is clear – without an agreement we are facing civil war.”

Najim Rahim, Fahim Abed and Fatima Faizi reported from Kabul.

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Listed below are the highest performing shares within the S&P 500 for 2020

Traders work on the trading floor of the New York Stock Exchange.

NYSE

The S&P 500 ended 2020 up 16.26% for the year, closing at a record high on Thursday, a remarkable feat after a drastic sell-off in February and March.

Some of the names in the broad market index had particularly strong years: six stocks gained more than 100%.

Top S&P 500 stocks of 2020

ticker Companies Price return 2020
TSLA Tesla 743.1%
ETSY Etsy 301.6%
NVDA Nvidia 121.9%
PYPL PayPal 116.5%
LB L brands 105.5%
WHITE Albermarle Corp. 102.1%
AMD modern micro devices 99.8%
FCX Freeport McMoRan 98.6%

The rise in the S&P 500 would have been even more dramatic if the top two names on the list had started the year on the index. Both electric vehicle maker Tesla and e-commerce company Etsy were included in the S&P 500 for the last four months of the year.

These stocks also represent two of the main themes in the market this year, as stocks linked to green energy have had strong years, as have those like Etsy that were well equipped for a home-stay world .

The top 8 performers also include two semiconductor stocks in Nvidia and Advanced Micro Devices. It has been a strong year for the sector overall. The PHLX Semiconductor Index rose 51% and even outperformed the tech-heavy Nasdaq Composite.

The S&P 500 is a market-weighted group of large-cap stocks in the United States and is the benchmark by which many professional investors measure themselves. According to the S&P Dow Jones Indices, many popular exchange-traded funds and mutual funds are compared to the S&P 500. As of December 2019, more than $ 11 trillion was tied to or compared to the index.

The constituents of the index are often mixed year-round by a committee of S&P Dow Jones Indices. The organization announced on Wednesday that Enphase Energy will be added to the index on Jan. 7, replacing Tiffany & Co., which will be acquired by LVMH.

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A Locked-Down Europe Bids a Subdued Good Riddance to an Terrible Yr

Saying world wishes for a year had been an illusion; the greatest event in Paris was really one. It may be an optimistic “welcome to the other side”.

Inside a virtual Notre Dame Cathedral – a resurrected, reinterpreted version of the fire-lashed treasure – the city broadcast a computer-generated concert and light show with no one actually inside the cave-like landmark and no crowd outside.

Most of the people living now have never seen a year in which Europe, like much of the world, was so eager to break free of it – or was unable to go out with fanfare. Vaccines are the first real glimmers of hope, but the coronavirus is still ruling uncontrollably, a new variant is fueling new fears and much of the continent is locked in some form.

Concerts? Canceled. Crowds and parties? Forbidden. Stay out all night? Don’t even think about it. Across Europe, where Covid-19 has killed nearly 600,000 people, cities and nations sent the message that the only acceptable place to spend New Years Eve was home, and they tried to arrange enough spectacle or online shows to to keep people there.

“Covid loves a crowd,” said Professor Stephen Powis, England’s medical director for the UK’s National Health Service. “So please leave the parties for later in the year.”

In a televised address from the Élysée Palace, French President Emmanuel Macron, who had recovered from his own virus, said: “The year 2020 will end in the course of development: with efforts and restrictions.”

  • in the BerlinThe traditional television broadcast from the Brandenburg Gate ended without fireworks or live viewers. It’s one of 56 popular New Year’s Eve spots in the city that authorities are closing overnight in hopes to discourage banned outdoor gatherings. Indoor meetings are limited to five adults from no more than two households. The sale of private fireworks, a tradition for the holidays that Germans call New Years Eve because it is the feast day of St. New Years Eve, was banned – although some went off anyway. “It is necessary that this is probably the quietest New Year’s Eve Germany can remember,” said Jens Spahn, the country’s health minister.

  • Instead of his annual live concert outdoors Rome replaced an online streamed celebration with a series of performances and a hard-to-describe event, part concert, part light show and part stargazing entitled “How to Hear the Universe in a Spider / Web”. After Italy went under 10 p.m. curfew and banned the traditional New Year’s Eve fireworks, President Sergio Mattarella said in his annual address that the pandemic had changed the country, “exacerbating past fragility, exacerbating old inequalities and creating new ones”.

  • in the GenevaFireworks around Lake Geneva (also known as Lac Leman) in the heart of the city have been canceled and bars and restaurants have closed, although restrictions on private gatherings have been eased from five to ten people. Many residents of the quiet city had set out for open Swiss ski areas – much to the chagrin of neighboring European countries, which decided to close their slopes to prevent the further spread of coronavirus cases.

  • in the LondonBig Ben, which has been largely silent in recent years when its clock tower was renovated, was scheduled to ring 12 times at midnight, one of the few standout moments in a country where major celebrations have been canceled. Most Britons were forbidden to socialize with anyone outside their own household. This rule was backed up by a fine of up to £ 1,000 or more than $ 1,300.

  • Madrid The night curfew was eased from midnight to 1:30 a.m., which is usually this early for a night in Spain, but the traditional gathering in Puerta del Sol square has been canceled. People were told to stay home as much as possible, eating the traditional New Years Eve grapes while watching events on television and gathering in groups of no more than six people.

  • And in ParisThe only people roaming the Champs-Élysées – where around 300,000 people gathered for giant fireworks a year ago – were some of the 100,000 police officers stationed across the country to keep crowds from gathering. City officials urged people to watch the electronic music artist Jean-Michel Jarre’s Notre Dame virtual concert, an event that connects the old and the modern, the old and the new year, the pandemic and hope for an end. It would be a message of hope and a “tribute to Notre-Dame who is weakened”, Jarre told the French media, “like all of us”.

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Shares are flat as Wall Avenue wraps up a wild 12 months of buying and selling

Shares were largely flat on Thursday as Wall Street closed one of the most volatile years for the market recently.

The Dow Jones Industrial Average was just 27 points lower, or 0.1%. The S&P 500 was down marginally and the Nasdaq Composite was down 0.2%.

Chevron and Boeing were the biggest declines in the Dow, falling more than 1% each. The S&P 500 energy sector was down 0.9%.

The subdued movement in stocks came after the release of a better-than-expected reading of weekly unemployment claims in the US. The number of first-time applicants for unemployment benefits stood at 787,000 in the week ended December 26, the Labor Department said Thursday. Economists polled by Dow Jones expected a pressure of 828,000.

“While the improvement does not coincide with the narrative of a tightening of COVID restrictions … we must take it at face value,” wrote Thomas Simons, Jefferies money market economist. “In terms of payroll for the next few weeks, they are likely to be still very weak, with initial claims increasing between the December and November survey weeks and ongoing claims showing their smallest decline since June.”

The unprecedented market moves in 2020

Stocks fell sharply in February and March as the Covid-19 pandemic spread outside of China, forcing lockdowns on countries that stalled economic activity. The S&P 500 saw the fastest decline in its history of 30%.

After stocks bottomed in late March and the Federal Reserve cracked heavily on credit markets, stocks rebounded dramatically and hit a number of record highs before the year ended. Recent moves into record-breaking areas came with the launch of several Covid-19 vaccines and a new Congressional economic aid package.

The tech-heavy Nasdaq Composite has gained 43.2% year-to-date, while the S&P 500 and Dow have gained 15.6% and 6.7%.

“To use an overused word, this was unprecedented,” said Sam Stovall, CFRA Research’s chief investment strategist. “We have never had to deal with anything like this.”

These gains were due to sharp daily moves that kept even the most seasoned investors on their toes year round.

The S&P 500 closed at least 1% in 110 of the 253 trading days this year, compared to just 38 days in 2019. Those 110 daily swings include two rallies of more than 9% in March and a 12% decline in the same month .

“If Rip Van Winkle woke up today he would say, ‘What a great year; we are up 15%. You can’t beat that,'” added Stovall. “Then he would open up his statements and see that the S&P 500 lost 20% in the first quarter and then rose exactly 20% in the second quarter if he believed there was a flaw in the system. He would be right . ” , it was Covid. “

Tech was by far the dominant sector in 2020, rising more than 40% over the year as the pandemic forced more people to work from home. This shift resulted in an increasing demand for cloud services and computing equipment.

Consumer discretion increased more than 30% this year, due to more people shopping online. Amazon stock rose 76% in 2020, while the value of Etsy nearly quadrupled.

Scott Wren, Senior Global Market Strategist at the Wells Fargo Investment Institute, called 2020 a “year of opportunity”.

“The exchange offered investors several options to use outstanding funds in 2020,” Wren wrote in a statement to customers. “The good news is that we expect additional opportunities to showcase in the new year.”

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New 12 months’s Eve 2020: The best way to Have a good time

Most cities won’t have a crowd on New Years Eve, no gatherings for fireworks shows, and hopefully no strangers kissing at midnight. But after a year of disease, unemployment and racial unrest, people around the world will still raise a glass and toast the start of 2021 in different circumstances than usual.

Even in countries like Australia, where coronavirus cases are few and far between, local governments have gone back and forth, making plans and then canceling them to strike the balance between keeping people safe and letting go after a difficult year hold.

in the SydneyAuthorities have tightened restrictions in recent days after the number of locally reported cases increased. Parties of up to 10 guests are permitted in parts of the city. However, residents are urged to watch the seven-minute fireworks over Sydney Harbor Bridge on television. A viewing party for frontline workers was canceled.

in the LondonThe annual fireworks display along the Thames has been canceled, but Big Ben, which was silent during the renovations, will ring at midnight. The city’s residents are subject to England’s toughest lockdown measures, which were extended to the majority of the country’s population on Thursday. According to these rules, people can only leave the house for certain activities, such as exercise and grocery shopping.

EdinburghThe Hogmanay celebrations, which usually include processions, fireworks and singing, are held online.

in the Paris, Composer and performer Jean-Michel Jarre will host a free, live, streaming virtual concert entitled “Welcome to the Other Side” from a studio near Notre-Dame Cathedral. France and Italy are among several countries in Europe that imposed curfews during the pandemic to prevent large nightly gatherings.

Federal and state leaders in Germany have banned the sale of fireworks as the government tries to restrict gatherings.

in the Rio de JaneiroWhere night owls usually wear white and flock to the beach, authorities are blocking access to the beach to keep crowds from gathering.

And in new YorkFor the first time in decades, Times Square will be closed to most citizens. Only dozen of selected frontline workers and their families are allowed near the stage. The cast includes Gloria Gaynor, who will sing her hit “I Will Survive”.

Yes. While there won’t be noisy crowds, the descending crystal ball is still counting down the last seconds of the year.

The ball first fell in 1907 when hundreds of thousands of people saw fireworks display over the newly constructed New York Times building. The tradition has happened almost every year except for 1942-43 and 1943-44 when the lights were turned off as a precaution against air raids during World War II.

Thousands of night owls gathered in those years, even if the celebrations were less loud than usual.

“There was a note of indolence, an absence of real gayness,” wrote Meyer Berger in a front-page article in The Times on January 1, 1943. “The troubled thousands lacked enthusiasm. The war somehow laid its hand on the celebration and tended to mute it. “

A deadly pandemic hit the world in 1918, but it was barely mentioned on the January 1, 1919 front page of the Times, apart from a small advertisement for “Influenza Defense” lozenges.

The headlines were instead dominated by the end of the First World War.

On New Years Eve, Times Square was crowded, according to The Times, although it wasn’t as loud as the post-war celebrations less than two months ago.

“Men in uniform stood by buildings on either side of Broadway, critically observing whether New Year’s Eve in the heart of New York was an event that deserved its reputation.”

In New Zealand, the fireworks shows and parties will take place as usual Auckland, one of the first major cities to ring the bell in 2021.

“Thanks to the incredible efforts of all New Zealanders to eliminate Covid-19, we are fortunate enough to be able to live our lives relatively normally,” Mayor Phil Goff said this month. “It’s worth celebrating and this year’s spectacular exhibition is a perfect opportunity for Aucklanders to do so.”

There are many virtual events taking place, some of which require tickets.

Tomorrowland, a Belgian music festival franchise, is hosting a party with artists like David Guetta, the French DJ and producer. Steve Aoki, DJ, musician and record producer, will headline an event in Grand Park, Los Angeles. Anderson Cooper and Andy Cohen will be broadcast live from Times Square starting at 8 p.m. Eastern on CNN.

If you’ve never liked New Years Eve in the beginning, this is the year you can watch TV or listen to music, go to bed before midnight, and enjoy the fact that you are unlikely to miss a thing.

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HSBC names 2 international locations that tackled Covid and can profit in 2021

SINGAPORE – Singapore and Vietnam successfully battled coronavirus in 2020 and are likely to maintain the situation for next year, an economist said this week.

“These two countries are probably the most positive,” said HSBC Global Research’s Joseph Incalcaterra when asked which Southeast Asian countries can keep Covid under control and smoothly introduce vaccines.

Singapore “has brought its previous outbreaks under control and … at a time when most countries in the world are actually tightening restrictions, Singapore is going the opposite way,” ASEAN’s chief economist told CNBC’s “Squawk Box Asia” on Tuesday.

The city-state entered the third phase of its reopening this week and now allows gatherings of eight out of five people. Tourist attractions can increase their operating capacity from 50% to 65% once they are approved by the authorities.

People swim on a beach in East Coast Park on December 25, 2020 in Singapore.

Suhaimi Abdullah | Getty Images News | Getty Images

Incalcaterra said Singapore also has an effective vaccination strategy.

“Thanks to a relatively small population, the prospects for Singapore for 2021 are extremely good by comparison,” he said.

Prime Minister Lee Hsien Loong said there will be enough vaccines for “everyone in Singapore” by the third quarter of 2021. The country was the first in Asia to receive a shipment of Pfizer BioNTech vaccines on December 21, 2020.

HSBC’s Incalcaterra also praised Vietnam’s handling of the virus, saying its response to the pandemic enabled the country to maintain its reputation as a “very good destination” for foreign direct investment. The country has been viewed as an alternative manufacturing hub for companies looking to move out of China.

“We have seen that FDI remains very resilient in Vietnam this year,” he said.

Overall, however, Southeast Asia is unlikely to benefit from a vaccine in the near future due to logistical difficulties in rural parts of the region. “It is very unlikely that a significant portion of the population will be vaccinated in 2021,” he said.

Deep damage

Separately, Incalcaterra said Southeast Asia had been “hit very hard” this year. “From a domestic perspective, the traditional consumer motor of these economies is no longer intact.”

“We really don’t have a good view of the short-term recovery considering how deep the damage is,” he added.

While electronic exports have been “relatively bright,” HSBC is focusing on how quickly consumption and investment in the region can recover.

He said countries had “very ambitious infrastructure programs” to make the region a “reliable base for manufacturing”. These projects have stalled because of the coronavirus.

“Until the virus is under control … we won’t see this investment engine regain traction,” he said. “I think this is the biggest short-term obstacle to growth in Southeast Asia.”

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What Argentina’s New Legislation Legalizing Abortion Means for Latin America

Latin America has long been hostile terrain to abortion rights advocates, even in the last few decades as legal abortion became available in most parts of Europe, North America, and other parts of the world.

But a grassroots feminist movement won a victory in Argentina on Wednesday when the Senate legalized abortion in a surprisingly sweeping vote. This made Argentina the first large country in Latin America to take this step.

Here are some of the forces behind the drive for change in Argentina and some of the questions that arise from it.

The women’s rights movement has taken on a new urgency across Latin America in recent years, nowhere more than in Argentina.

A movement that emerged in 2015 over the murders of women – including the gruesome murders of a 14-year-old and a 16-year-old – grew over the years into a broad national campaign for rights called Ni Una Menos or not one woman less. Legalizing abortion became its primary political goal, largely driven by young activists who have become well organized, vocal, and staged repeated demonstrations.

The #MeToo movement, which broke out in the US in 2017 and spread around the world, has stepped up these efforts.

In some countries, such as Mexico, the focus was on violence against women. But efforts from state to state in Mexico to make legal abortion more accessible there have also gained ground. The state of Oaxaca was the second after Mexico City to legalize the procedure last year.

Increasing secularism in Argentina and many other countries, especially among young people, has also lowered the barriers to liberal ends.

A major factor in Argentina was the election of President Alberto Fernández last year, one of the most socially liberal leaders in Latin America. He campaigned for abortion rights, gender equality, and gay and transgender rights, and last month legalized the cultivation of marijuana for medicinal purposes at home.

About two dozen countries around the world have laws that not only prohibit abortion but make no exceptions, according to groups that closely monitor access to abortion.

These countries, especially in America and Africa, include Honduras, Nicaragua, El Salvador, the Dominican Republic, Haiti, Jamaica and Suriname. The ban was zealously enforced, with women whose pregnancy does not end with the birth of a healthy baby sometimes coming under suspicion and those sentenced to decades in prison for abortion.

From Mexico to Chile, a predominantly Roman Catholic region, most countries prohibit abortion early in pregnancy, but make exceptions if pregnancy puts a woman’s life at risk.

Some countries also allow abortions up to a certain point in pregnancy if the pregnancies are due to rape or incest, or if there are serious fetal abnormalities. Chile joined these countries in 2017 when it reversed one of the world’s toughest abortion bans.

Paraguay caught international attention when a pregnant 10-year-old girl who allegedly had been raped by her stepfather was unable to perform an abortion because her life was not in danger. The case led to calls for the Conservative government to liberalize the law, but it was not changed.

In all of Latin America, only three countries have legalized early pregnancy abortion for any reason, and all three countries are small and outliers in other important ways as well.

Ruled by the Communist Party for more than 60 years, Cuba legalized abortion in the 1960s. Guyana, a former British colony with a large non-Christian South Asian population, took this step in the 1990s. And Uruguay, where around 40 percent of people say they have no religious affiliation, did so in 2012.

Historically, more than 90 percent of the people in Latin America have been Catholic, and the Church, which strongly opposed abortion, exerted a powerful influence not only on religious beliefs but also on governments and ethical and social norms.

But the Church’s influence has steadily waned since the 1970s, and by 2014 less than 70 percent of Latin Americans called themselves Catholic, according to the Pew Research Center.

The sexual abuse scandals that rocked the Church have hit Latin America as hard as they have in many other parts of the world, driving some people from the Church and weakening their moral authority. A growing number of people who still identify as Catholic, especially young people, are not paying attention and are comfortable when they violate the teachings of the Church.

But evangelical Protestants, who are often more conservative than many Catholics on social issues, are on the rise and now make up about a fifth of Latin Americans. This explains why Central America, where the evangelical churches are strongest, has some of the strictest abortion laws.

At the same time, the number of people who have no religious affiliation and are more liberal on social issues has risen, although their ranks are still much smaller than those of the Protestant population.

Despite being the home of Pope Francis, America’s first Pope, Argentina is one of the most secular countries in Latin America. It’s unusual for polls to show that people without religion are more evangelicals.

The debate in Argentina has received tremendous attention in Latin America and is sure to stimulate discussion on abortion in other countries.

Recent efforts to facilitate access to abortion – successful in the case of Argentina, Chile and the Mexican state of Oaxaca and unsuccessful in the case of El Salvador, Brazil and Colombia – show that a region is emerging with changing social, cultural and political changes grapples.

The urge to change is often due to grassroots movements. Left-wing presidents who had taken power in Latin America over the past two decades showed little or no interest in changing abortion laws. These include Luiz Inácio Lula da Silva and Dilma Rousseff from Brazil, Andrés Manuel López Obrador from Mexico, Daniel Ortega from Nicaragua, and Hugo Chávez and Nicolás Maduro from Venezuela.

The left Bolivian government decriminalized early abortion for “students, adolescents or girls” in 2017 – and repealed the change weeks later.

Argentine President Fernández represents a new generation and a change from his predecessors, as a leftist who has made access to abortion one of his top priorities.