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Good evening from London,
Winter is on its way. . . and with it comes a new urgency to focus on vaccination efforts vulnerable and vaccine-reluctant older people rather than on booster shots and child vaccination campaigns.
As our science reporter Oliver Barnes and chief data officer John Burn-Murdoch explain, health authorities in the northern hemisphere fear that hospitals could refill a wave of Covid-19 patients during the colder months, prompting them to begin recalibrating their calibration. immunization strategies as well as the effectiveness of measures such as vaccine passports.
Kevin Schulman, professor of medicine at Stanford University, predicted that the next phase of the pandemic would be a ‘damn face in Europe’ as in the US ‘due to high vaccination rates among the elderly. More than 3 million Americans over the age of 65 have not yet received their first shot, including nearly one in ten of those over the age of 75, which has led to what President Joe Biden said.pandemic of the on vaccinated”.
Messages are the key. “We need to depoliticize the vaccine,” Schulman said. ‘The unvaccinated elderly groups focus a lot on alternative media, which deliver conflicting messages. We need to think about how we infiltrate the space with new messages. ”
Vaccine passports can still be useful tools. In France, they gave the reluctant “somewhere between a push and a push,” an expert said. “Suddenly people are confronted: go to a cafe, do not go to a cafe, go out for an aperitif, do not go out for an aperitif, go shopping, do not go shopping.” A new turn is coming from Israel, where up to a million people could lose their vaccine passport if they do not get a upset.
Strong differences still exist between rich western countries and developing countries, where talking about vaccine passports and booster jobs is a distant dream. A report today from the World Trade Organization, while predicting a huge increase in global trade, says that the longer this inequality against vaccines continues, the greater the chance that even more dangerous variants of Covid-19 will emerge, reflecting the health and economic advances we made so far will sit back. . . Vaccine policy is economic policy – and trade policy ”.
The danger of new mutations existing vaccines ineffectiveness was also highlighted by BioNTech CEO Ugur Sahin, the company that partnered with Pfizer to bring the first Covid-19 jab to market. He told the Financial Times: ‘We have no reason to believe that the next generation of viruses for the immune system can be more easily treated than the existing generation. It is a continuous evolution, and the evolution has just begun. “
Use our interactive vaccine detection to compare the performance of the country and draw up your own maps
Oil prices rose to their highs highest level in three years after Opec indicated that it would maintain existing production plans
European Medicines Agency says Pfizer booster shot can be used six months after a second dose for more than 18 years and older people with normal immune systems (Reuters)
International Air Transport Association predicts pandemic losses at airlines $ 200 billion will succeed by the end of 2022
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Must know: the economy
Investors get ready for THE BIG event of the week: the US Monthly Work Report -also non-farm payroll- and how it will affect the US Federal Reserve think of pandemic support. “All roads point to payrolls this week on Friday,” a Deutsche Bank strategist said. “Unless there is a significant decline in the whole range of labor market indicators in the report, it will probably be the catalyst to boost the November decline.”
Latest for UK and Europe
In his keynote address at the Tory Party Conference, the British Chancellor Rishi Sunak announced measures worth £ 500 million to help workers find work, but barely mentioned the supply chain crisis which hit the energy, fuel and food sectors. Pig farmers is the latest group to protest against Brexit-related labor shortages. There’s more here in our Great Read more Britain’s winter blues. Chief Economy Commentator Martin Wolf also pursued Sunak’s goal Treasury Department, mark it “defensive and defeat”.
From a veteran commentator to one on the other end of the spectrum. The legacy of Covid will a economically more unequal world, says Marc Kadir of Manchester Grammar School, winner of the FT / Royal Economics Society Young Economist of the Year competition. This article is part of the Financial Times’ free access program. You can get details here and register here.
Eurozone finance ministers meet today to discuss the energy price crisis amid fears it could hit the block’s back recovery from the pandemic. The Spanish government is fighting back against energy companies angry over a € 3 billion board about “windfall profits”.
Turkish inflation reaches almost 20 percent four times the official goal of the central bank. President Recep Tayyip Erdogan’s unconventional policy approach argues that high interest rates cause inflation rather than combat it.
US President Joe Biden still fighting to get his expense account agreed by Congress. The proposals consist of $ 1.2 million for infrastructure and a more controversial $ 3.5 million for social security measures.
In the is the latest country to be hit by rising energy prices. According to the country’s power ministry, thermal power plants have only one a few days’ supply of coal let burn. In so many uses of the “perfect storm” analogy in recent weeks, a Nomura economist said: ‘You are trapped in a situation where demand is high, your supply is low on the domestic side and you are not. stock has not. by entering. ”
Japan has its new prime minister: Fumio Kishida of the Liberal Democratic Party. His election of Shunichi Suzuki as finance minister indicates the pandemic policy of aggressive monetary mitigation and fiscal stimulus will continue.
Must know: business
Professional services is the latest UK sector to warn of labor shortages, causing some businesses in City of London turn off work and leads to sharp salary increases. The demand for workers is now so high that the best job advertised on LinkedIn is that recruiters find candidates to fill vacancies.
If you keep an eye on the new iPhone 13 then you may have to wait a little longer than usual. Covid-19 outbreaks have factories hit Vietnam, where the camera modules of the model are assembled. Apple suppliers in China have also been affected by power outages as Beijing tightens control over energy consumption.
US retailers are upset over a shortage of freakish goods Halloween, the traditional start of the long US shopping season, thanks to the supply chain crisis. Robert Armstrong in sy Uncut newsletter ask if the ultra high profit margins reported by large retailers during the pandemic. Investors are beginning to conclude that ‘companies that have performed particularly well over the past year and a half have not been strategic geniuses’, he writes. “They were happy, and it will take more than luck to negotiate in the coming months, as growth slows but supply problems persist.”
“Money is not everything“Is the increasingly common mantra of those who turn their backs on unfulfilled work, writes columnist Pilita Clark. Employers need to offer more autonomy, more recognition, more flexible hours, better holidays and everything that makes working life more enjoyable in general, she believes.
The automatic type is a type of employee who is not too busy with motivation. But despite the forward march of robots through warehouses and factories there will remain many industries difficult to automate for some time to come, says the FT editorial staff. Labor shortages will have to be sorted in more traditional ways, such as improving salaries and conditions and investing in training.
Another group of workers who are not bound by eight-hour workdays or five-day weeks are those in khaki. Management Editor Andrew Hill looks at the skills provided by the military, as Britain’s powers is used to deliver petrol to courts.
Covid cases and vaccinations
Total global cases: 234.6 m
Get the latest picture worldwide with us vaccine detection
And finally …
Hit TV series Follow-up, who will soon return with his story about rivalry between brothers and sisters in a media megacorp may seem fantastic, but the authors have a lot of real material to exhaust, writes Henry Mance. “In Follow-up, history really repeats itself, the second time as a farce and much more pleasant, ”he says.
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