Pandemic Response
Coronavirus figures mount in Tokyo ahead of Olympics
The July 23 commencement date for the summer Olympics in Tokyo, Japan, is under increasing threats from a steady rise in daily cases of the coronavirus in the city. The recent spike has also triggered fears of a possible fifth wave of infections, which will not be ideal for the Games. Coming this close to the opening of the Games, there are palpable concerns raised for many athletes who will be contesting for honours in the Asian city and their crew members who will be with them all the way. On Monday alone, Tokyo reported 317 infections, a figure that represents an increase of 81 from the same account of the week before. The increment marks the ninth week-on-week, consecutive same-day rise in infection rates in a row even with the availability of vaccines. There has also been evidence to ...
Oil prices slide in lockdown-driven rout
Oil prices dived Thursday on demand fears as more nations go into lockdown to staunch the spread of the coronavirus, while stock prices attempted a modest rebound. Both main oil contracts fell five percent for part of the day before clawing back some of their losses, extending this week’s meltdown to plumb four-month lows on virus-driven demand fears. “The new lockdowns have since yesterday caused a carnage in the oil market,” said Bjornar Tonhaugen, head of oil markets at Rystad Energy. “Oil demand will lose ground as a result of the new lockdowns… Prices now naturally decline on this grim prospect,” he added. The drop in oil prices will increase the pain on oil companies. Exxon Mobil announced Thursday it was eliminating 1,900 US jobs as part of a cost-cutting drive necessitated in part ...
No masking it: Joe Biden eyes stark contrast with Donald Trump over virus
Joe Biden squared off with Donald Trump on Tuesday over the wearing of masks one day after the White House challenger emerged from coronavirus-imposed lockdown donning one while the president attended two events bare-faced. By wearing a mask at a Memorial Day ceremony in Delaware — and by changing his Twitter profile to a photograph of him donning the black covering — Biden signalled he is putting the coronavirus front and center during the US presidential race in a nation increasingly divided over the pandemic. After the president mocked him for his protective mask, Biden hit back, blasting Trump as an “absolute fool.” It appeared to mark a new front in the war of words between the rival politicians. Trump also attended a somber Monday ceremony honoring America’s fallen, in Baltimore. Ins...