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Health

Covid-19 Vaccine ‘Passports,’ Passes and Apps Across the Globe

Isn’t the European Union also developing a system? Yes. The EU is expected to introduce a certificate called the Digital Green Pass on June 21st to allow people vaccinated against the coronavirus to travel more freely. According to the proposed rules, each nation within the block could decide which travel restrictions, such as B. the compulsory quarantine, owners of Digital Green should do without. But many countries, including Denmark, say they can’t afford to wait for the Digital Green Pass and are developing their own versions.

Name of the card: The green pass

Could it bring you an indoor table? Yes.

How about a concert or a sports game? That too.

Anything else? The pass allows you to enter many businesses including swimming pools, gyms, theaters and wedding halls, as well as cultural events such as concerts, sports games and religious gatherings. The passport can also mean that you may not need to be quarantined for 10-14 days after international travel.

How does it work? In late February, the Israeli Ministry of Health began offering the Green Pass to fully vaccinated residents and people who have recovered from Covid-19. When booking a table in a restaurant, many companies would ask, “Do you have a Green Pass?” Israelis can print out their certificates with a QR code, download the code to their phones or flash the app themselves.

What about this family? The app and other Green Pass materials include an animated representation of a family of three. The man is wearing shorts, a backpack and a camera around his neck, suggesting that he is on vacation. His son and wife wear masks, but their demeanor is relaxed as they pull their suitcases.

Aparna Nair, a professor of the history of science at the University of Oklahoma who maintains a collection of vaccination certificates from the 1820s, said this detail was noteworthy: “They use the vaccination card design to make visual connections to life after the pandemic is in Essentially the vaccine as a literal passport to the rest of the world. “

Categories
World News

Suez Canal cargo ship blockage might trigger issues for the globe

The stranded container ship Ever Given, one of the largest container ships in the world, was seen aground in Egypt’s Suez Canal on March 25, 2021.

Suez Canal Authority | Reuters

The gigantic cargo ship that is stuck in the Suez Canal and blocking traffic at one of the most important choke points for sea trade in the world is not yet ready to break free.

The Ever Given, a 220,000-ton mega-ship with a capacity of almost a quarter mile and a capacity of 20,000 containers, ran aground after being blown by strong winds as it entered Egypt’s Suez Canal from the Red Sea. The passage, which is home to up to 12% of the world’s maritime trade and through which 50 container ships normally pass per day, is completely blocked.

Tugs and dredgers are currently working on removing the ship, which has been stalled since Tuesday evening. But the operation could take weeks, one of the executives involved warned.

“Although we believe and hope that the situation will improve shortly, there is a risk that the ship will break,” JP Morgan strategist Marko Kolanovic wrote in a note on Thursday. “In this scenario, the channel would be blocked for an extended period of time, which could lead to significant disruptions in world trade, skyrocketing shipping rates, a further surge in energy resources and an increase in global inflation.”

The crisis is another blow to the global supply chain after a brutal year of delays, bottlenecks and price pressures due to the coronavirus pandemic.

What does this mean for world trade?

The shipping delays can affect everything from clothes and shoes you ordered online to fitness equipment, electronics, groceries, and power supplies – which means gas prices could go up too.

“The blocking of containers in the Suez Canal to further shake global supply chains and raise prices in the face of pent-up demand,” said JPMorgan analysts in a research report on Thursday.

The artificial Suez is 120 miles long and an important transit point between east and west. And the 20,000 ships that pass annually transport everything from oil and gas to machine parts and consumer goods.

While it is still early to say how the full impact of the tanker crisis will play out, the bank anticipates that in the near future, the blockade will likely add to the supply strains in the industry, already caused by ongoing supply chain bottlenecks the form of congestion in the port and the lack of ships and containers due to Covid-19 are hindered.

Ships have to divert to completely different routes, “which will lead to longer journey times and further delays,” wrote JPMorgan.

And those delays could be more than 15 days for many ships, the alternative of which is to circumnavigate the Cape of Good Hope on the southern tip of Africa, which analysts say would increase shipping times by up to 30%.

“The immediate effects of delays in the canal will focus on Euro-Asian trade, delaying the already disrupted supply chains affecting the supply of oil and refined products,” ING senior economist Joanna Konings wrote in a Wednesday Customer notification.

Effects on Crude Oil Prices

The Ever Given disaster is already having an impact on oil prices.

The news of the Suez Blockade attracted buyers and, along with other economic data, helped the one-month futures contract on the international benchmark Brent Crude Oil “posted its largest one-day gain in nearly a year,” according to Arctic Securities on Wednesday $ 64.41 closed “although it lost some of those gains through Thursday.

Meanwhile, between 5% and 10% of all marine oil is transported through the Suez, which means that for every day the ship gets stuck, another 3 to 5 million barrels of oil per day will be delayed. Several tankers carrying jet fuel and gas oil are also being held up on the route between the Persian Gulf and Europe, as well as empty tankers crossing to pick up North Sea oil, S & P Platts reported on Thursday.

A graphic that halts shipping around the Suez Canal after the Ever Given ship got stuck in the canal.

Source: MarineTraffic

The canal is also a transit point for around 8% of the world’s liquefied natural gas (LNG), and a prolonged interruption could disrupt flows mainly to the European market.

Any price effect is likely to be brief, however, says Peter Sutherland, president of Houston-based energy investment firm Henrietta Resources LLC.

“It won’t have a lasting impact on prices, but it will help provide support in the run-up to the OPEC + meeting,” Sutherland told CNBC.

“The risk premium in the oil markets will likely be short-lived, but channel support has still managed to change the market narrative.”

The winners

The canal blockade is certainly not bad news for everyone – the spot freight rates will continue to rise due to the pent-up demand and make money for the operators, say market observers.

“A prolonged closure of the Suez Canal would see container shipping as the greatest beneficiary, while tankers, dry matter and air freight may also have higher rates,” wrote JPMorgan, describing the tightening of shipping rates as an “upside risk”.

Satellite images of the container ship Ever Given are stuck in the Egyptian Suez Canal.

Source: European Space Agency’s Sentinel-2 Satellite

Who will benefit most from it? JP Morgan highlights Asian liners, saying they expect higher spot freight rates despite higher bunker costs due to longer rerouted trips and increasing congestion. “In our view, it is expected that this will have a positive impact on the bottom line of the Asian lines rather than hurting profitability,” the bank wrote.

Bank of America analysts agree. “A Suez closure of a few weeks would be very positive for spot freight rates – by effectively reducing supply by increasing the sailing distance over the Cape of Good Hope by 20-30%,” she wrote in her note on Thursday.

Risks and weak points grow

Meanwhile, the Suez Canal blockade will “add to an already rising risk premium for oil and refined products in the Middle East,” said Torbjorn Soltvedt, chief MENA analyst at Verisk Maplecroft, highlighting the increased risk of oil rig attacks amid regional tensions emerged.

The uncertainty about the length of the blockade “creates a window of opportunity for state and non-state actors to try to maximize the impact of attacks on tankers and energy infrastructure in the Persian Gulf and Red Sea,” he warned.

Cargo ship “Ever Given” is stuck and blocking traffic in the Suez Canal

Source: Reuters

Most analysts expect the situation to improve within the week. “However, the disorder could be prolonged if complications or torso damage occurs,” Bank of America wrote on Thursday. If the traffic is cleared at some point, the ships arrive at their ports behind schedule, causing further congestion.

Nevertheless, the bank writes: “A blockade of a few days would be largely manageable for container shipping – possibly associated with additional fuel costs, as the shipping companies accelerate their services to make up for lost time.”

The whole fiasco underscores the fragility of the trading network that the world really relies on, Sutherland says.

“Coupled with the recent attacks on Saudi assets, it is a reminder of the many vulnerabilities in the global oil and gas supply chain.”

Categories
Business

WHO says most areas of the globe are seeing a rise in circumstances as variants unfold

Paramedics lower a patient from an ambulance outside the Emergency Room at Royal London Hospital in London, England on January 26, 2021.

David Cliff | NurPhoto | Getty Images

There is an increase in new Covid-19 cases in most regions of the world as highly contagious variants continue to spread, the World Health Organization said on Monday.

Dr. Maria Van Kerkhove, technical director of the agency for Covid-19, told reporters during a press conference that the number of new cases worldwide has increased by 8% in the past week.

Cases in Europe where the highly contagious variant B.1.1.7 spreads rapidly increased by 12%, Kerkhove said. WHO also saw cases increase in the Southeast Asia region by 49% and in the east by 8% Mediterranean basin and a 29% increase in the western Pacific, driven by increases in infections in the Philippines and Papua New Guinea, she said.

America and Africa saw “a slight decline,” Kerkhove said, but added that overall case numbers were “worrying”.

“In many of these countries there is pressure to open up and there is difficulty for people, individuals and communities to adhere to best practice controls,” she said, adding that the number of deaths has “increased slightly” around the world. “We also see that the distribution of vaccinations is uneven and uneven.”

WHO comments come as public health officials around the world are increasingly concerned that reopening too quickly in the face of new, highly contagious variants could reverse the progress of the global pandemic. Some countries, including the United States, have seen an increase in new Covid-19 cases despite vaccinating millions of their citizens every day.

Around 82.7 million Americans have received at least one dose of a Covid-19 vaccine, and more than 44.9 million are fully vaccinated, according to the Centers for Disease Control and Prevention.

According to a CNBC analysis of data compiled by Johns Hopkins University, the 7-day average of new cases in 27 states rose 5% or more on Sunday. The nation recorded an average of 54,308 new cases per day for the past week – a 1% increase from the previous week after months of rapidly declining case numbers, according to the Hopkins data.

Earlier Monday, New Jersey Governor Phil Murphy had said the state would likely suspend its reopening plans as Covid-19 cases there pick up again.

Also on Monday, CDC Director Dr. Rochelle Walensky urges all Americans to remain “vigilant” as officials fight to vaccinate the majority of Americans.

“We are at a critical point in this pandemic,” Walensky said during a press conference at the White House. “I worry that if we don’t take the right action now, we will see another avoidable surge, as we are seeing in Europe right now.”

Kerkhove urged the public to continue to take safety measures, including social distancing, wearing masks, washing hands and avoiding crowded rooms. She also called on world leaders to make vaccination of the most vulnerable people a priority.

“There’s a lot more we can do at the individual level, at the community level as government leaders,” she said.

Categories
World News

Biden and Xi provide dueling worldviews on methods to form the globe

Chinese President Xi Jinping shakes hands with US Vice President Joe Biden (L) in the Great Hall of the People in Beijing on December 4, 2013.

Lintao Zhang | Reuters

Who will organize the world? And which forces and whose interests will shape the global future?

These were the underlying questions behind two events last week, one in Washington and one in Beijing, that set the stage for the geopolitical competition of our time.

The DC piece was President Joe Biden’s release of the Interim National Security Strategic Guidance, which was unprecedented in a new administration at the time. Biden’s goal was to create clarity at an early stage about how he wants to set and implement priorities in a rapidly changing world.

State Secretary Antony Blinken set out the considerations behind the guidelines in his first major speech since taking office. It was persuasive and underscored the urgent need to sustain US democracy and revitalize America’s alliances and partnerships.

“Like it or not, the world doesn’t organize itself,” said Blinken. “If the US pulls back, one of two things is likely to happen: either another country tries to take our place, but not in a way that promotes our interests and values, or maybe just as badly, no one comes up and then we get Chaos and all the dangers it creates. Either way, it’s not good for America. “

Relations with China, which Blinken described as “the greatest geopolitical test of the 21st century”, are the key to this organizational thinking.

Blinken said: “China is the only country with economic, diplomatic, military and technological power that seriously questions the stable and open international system – all the rules, values ​​and relationships that make the world work the way we do want because it is so. ” ultimately serves the interests and reflects the values ​​of the American people. “

Biden’s biggest departure from the Trump approach in China is an emphasis on working with partners and allies. The move by the US and the European Union this week to ease trade tensions, suspend a long list of tariffs and the Airbus-Boeing dispute over government subsidies underscores the seriousness of President Biden.

Unsurprisingly, Beijing offers a different view of the future at last week’s second key event, the National People’s Congress, which convened on Friday and will continue next week.

President Xi sees the momentum on Beijing’s side in a world where “the east is rising and the west is falling”. His argument is that contrary to the chaos of the United States, China offers order and contrary to Washington’s ineffectiveness, which is demonstrated by how much better it has dealt with the pathogen it released.

Xi’s most comprehensive blow on how China would organize the world took place in late January at this year’s virtually convened World Economic Forum. The title of the speech underscored her overall ambition: “Let the torch of multilateralism light the path of humanity forward.”

If the Biden vision is for the US to create a group of resuscitated Democratic sisters and brothers inspired by the resuscitated United States, Xi’s vision is a world where the political system, culture, and society of all of its own affairs are.

In this world America’s value judgments are a thing of the past.

The caption for Xi is simple. How countries organize internally, along with the authoritarian restrictions and human rights violations that go with them – be it against the Uighur minority in Xinjiang province, against democracy activists in Hong Kong, or perhaps even ultimately with regard to Taiwan’s independence – is none of Washington’s business.

“Every country is unique with its own history, culture and its own social system, and none is superior to the other,” Xi told the virtual crowd in Davos. “The best criteria are whether the history, culture and the social system of a country suit its particular situation, enjoy the support of the people, serve to ensure political stability …” Xi made it clear that this approach “interferes with the domestic.” To avoid matters of other countries “.

In contrast, in a letter accompanying the Strategic Guidelines this week, President Biden wrote: “I firmly believe that democracy is the key to freedom, prosperity, peace and dignity. We must ensure that our model is not a relic of the.” History is. This is the best way to make the promise of our future come true. And if we work with our democratic partners with strength and trust, we will meet every challenge and surpass every challenger. “

The context for these competing visions was the publication this week of Freedom House’s annual poll that said, “Less than 20 percent of the world’s population now lives in a free country, the lowest percentage since 1995.”

In the Democracy Under Siege study, Sarah Repucci and Amy Slipowitz wrote: “When a deadly pandemic, economic and physical insecurity and violent conflict ravaged the world in 2020, defenders of democracy suffered fighting authoritarian enemies heavy new losses Shift the international balance in favor of tyranny. “

It was the 15th year in a row that countries with declines in political rights and civil liberties outnumber countries with gains. According to the report, nearly 75% of the world’s population lived in a country where democratic freedoms had deteriorated over the past year.

It seems that this is absolutely the wrong time to expect the world’s democracies to recover to shape the global order. But exactly the opposite is the case: at a time when democracy is being tested around the world, there is no better time to tackle the challenges together and ensure that the global gains in freedom of the past 75 years do not decline any further.

Given the global situation, the Biden government knows that its work has to start at home. Blinken was also humble about how the United States would promote democracy.

“We will use the power of our example,” he said. “We will encourage others to carry out important reforms, repeal bad laws, fight corruption and stop unjust practices. We will create incentives for democratic behavior.”

What the US will not do is promote democracy “through costly military interventions,” Blinken said, “or by attempting to overthrow authoritarian regimes by force. We have tried these tactics in the past. As well-meaning as they are like, they didn’t work. ” “”

In the end, the world will not be organized by either Chinese or American fiat, but a concert of national interests influenced by the development of the world’s two leading powers.

Xi’s bet is that China’s momentum is unstoppable, that the world is sufficiently transactional, and that its economy has become indispensable to most US allies. In addition to postponing this narrative, President Biden must work together to reverse the reality of democratic weakening.

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.

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