Volunteer leads race to rebuilt damaged Beirut church by Christmas Eve #SootinClaimon.Com

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Volunteer leads race to rebuilt damaged Beirut church by Christmas Eve (nationthailand.com)

Volunteer leads race to rebuilt damaged Beirut church by Christmas Eve

InternationalDec 17. 2020Worshipers gather outside a local Maronite church in the Karantina neighborhood in Beirut in August 2020, days after its structure was heavily damaged in a massive port explosion. MUST CREDIT: photo for The Washington Post by Lorenzo Tugnoli.Worshipers gather outside a local Maronite church in the Karantina neighborhood in Beirut in August 2020, days after its structure was heavily damaged in a massive port explosion. MUST CREDIT: photo for The Washington Post by Lorenzo Tugnoli. 

By The Washington Post · Miriam Berger, Nader Durgham

BEIRUT – It is crunchtime for Nicole Sfeir and her team.

In a hard hat and face mask, the 27-year-old architect is among a cadre of hired hands and volunteers who have been left to pick up Beirut’s pieces after the massive port explosion that devastated the city in early August.

Sfeir is responsible for one street in the hard-hit Karantina neighborhood, but she has been fixated on a single particular site: the blasted-out Maronite Christian church. She has been consumed by details of the century-old neighborhood landmark for weeks, from how to best reconstruct its sandstone walls to the ceiling’s intricate wooden arc. She has tried to incorporate more natural light for enhanced spirituality.

Sfeir’s 30-member team has promised to repair the church by Christmas Eve.

With the Lebanese government shirking responsibility for rebuilding the city, there is no grand plan. Instead, lives are being reconstructed brick by building by block. For months, charities have worked around-the-clock and coronavirus curfews to rebuild bits of the broken city, racing to secure walls and return residents home before winter rains cause further damage.

In the immediate aftermath of the Aug. 4 explosion, which killed more than 200 people, Sfeir and others throughout Lebanon descended upon Beirut to clear the rubble, replace windows, offer emergency care, and house, clothe and feed the estimated 300,000 people who had been displaced. These workers rightly feared that the country’s entrenched political elite, dominated by former militia leaders enriched by sectarianism and the spoils of the civil war, would not come to the rescue.

Public faith in the government was running especially low because Beirutis blamed Lebanese authorities for failing to prevent the tragedy, though they had been repeatedly warned over the years that 2,750 tons of ammonium nitrate were improperly stored at the port.

As politicians avoided the streets, the government tasked the more popular army with coordinating reconstruction efforts. But in the four months since the blast, it has been local and international charities, reliant on donations from abroad, that have kept the recovery efforts going.

When the explosion erupted, Sfeir said she felt it in her hometown of Qlayaat, about 16 miles from Beirut. She was unemployed at the time and looking to leave Lebanon. Instead, by chance, she connected with Offre Joie, a Lebanese charity founded during Lebanon’s civil war. She decided to stay in Beirut to volunteer.

“There are people who on their own can’t get back up,” she said, amid the clinking and clanking of construction. “We are helping them stand.”

Worshipers gather outside their Maronite church in Beirut to attend mass in August. MUST CREDIT: photo for The Washington Post by Lorenzo Tugnoli.

Worshipers gather outside their Maronite church in Beirut to attend mass in August. MUST CREDIT: photo for The Washington Post by Lorenzo Tugnoli.

The hardest days, she said, are when construction materials are delayed. Or when it rains, interrupting work and exposing every crack still left to fix. Sometimes, Sfeir needs a day off to stay home and reboot. Then she is back at it.

“People are without windows. People are without doors. People have broken walls. People have water coming from the ceiling,” she said. “So, we have the goal of working faster and faster because the weather isn’t helping.”

Her favorite moments are when residents stop by to ask about the church’s progress, reminding her of the community at the heart of it all. She admires how dedicated people are to the church, inquiring about it before the status of their own homes.

And sometimes she panics: What if there’s another upheaval in the city and they cannot meet the Christmas Eve deadline? “I’m afraid that something will happen outside of my control,” Sfeir said.

Rebuilding Beirut is a daily battle. In the areas most severely affected by the blast, about 2,600 buildings were damaged and one-third of them heavily, according to Jad Tabet, president of the Order of Engineers and Architects of Beirut. These neighborhoods, representing nearly a quarter of the city, included many of Beirut’s famed cafes, bars and clubs. In the four months since, Tabet estimated that at most 20% of the damaged buildings had been fixed.

About $2.5 billion is immediately needed for reconstruction, according to international donors, while so far $5 million is at hand, Tabet said. Adding to the funding shortage is the challenge of accessing money from abroad. This is a logistical minefield because of the country’s banking crisis.

Earlier this month, France and the United Nations announced a new humanitarian aid fund, but they warned that billions of dollars would be held up if Lebanon’s politicians did not break their impasse and form a new government to undertake economic reforms.

So even if windows or walls have been fixed, reconstruction remains far from complete. Few Lebanese can afford to replace everything they lost inside their homes, from ovens to bedroom doors.

“This is a country where the social arm of the state has been delegated to NGOs for quite a while,” said Mona Fawaz, professor of urban studies at the American University of Beirut (AUB). “That’s why it was normal to see some of the big NGOs in Lebanon jump in and do some admirable work.”

Yet, Fawaz warned, this would not be sufficient. “No one can replace the state as a custodian of the common good,” she said. Without proper urban planning, the recovery risks leaving the poor and disenfranchised behind.

Mohamad El Chamaa, 25, volunteered with Offre Joie in Karantina after the blast and now researches the neighborhood for his master’s degree at AUB. In those initial weeks, he recalled, the Karantina church served as a meeting place for volunteers, who congregated there to eat.

But once the initial round of renovations are complete, he said, he worries whether residents will be able to afford to remain in their neighborhood.

The church “is an incentive for them to stay,” he said. “But will they have the power to stay? We are trying to make it so they can.”

For her part, Sfeir said she is ready to take on a new project in Beirut after the work at the church is finished. Then, eventually, she will return to building her own future, she said.

Sfeir holds no illusions about her long-term prospects in Lebanon. Tired of unfulfilled dreams here, she ultimately sees her future outside the country and, like so many Lebanese in her generation, longs to leave. While the Lebanese have long been praised for their resilience, she admits she has grown weary of the soaring poverty, unemployment and inflation, as well as the decades of government corruption and mismanagement. She wants more.

“When I feel that this city is able to return to standing on its legs, I’ll travel to find my future because I won’t have a future in this country,” she said.

As for when that would be, she offered no deadline.

Vaccinating billions means finding ways around a patent impasse #SootinClaimon.Com

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Vaccinating billions means finding ways around a patent impasse (nationthailand.com)

Vaccinating billions means finding ways around a patent impasse

InternationalDec 17. 2020

By Bloomberg
Hugo Miller, Susan Decker

Covid-19 vaccines look set to protect millions of citizens of the world’s richest countries in the coming months. But inoculating the rest of the planet’s population may mean finding a way around an impasse over intellectual property.

Representatives from all 164 member states of the World Trade Organization met last week in Geneva to discuss a proposal from India and South Africa to waive broad sections of the WTO’s intellectual property rules and to try to forge an agreement on how patents developed in the race against covid-19 should be recognized.

The meeting ended without consensus, leaving poorer countries who sponsored the proposal frustrated and legal protections for vaccines intact. That may be a victory for patent protection advocates, but pressure for change will only grow if billions of people in poorer countries go unvaccinated while the rich world starts getting a steady flow of doses from Pfizer Inc. and BioNTech, Moderna and AstraZeneca.

“With the biggest health crisis we’ve experienced, we’re still not able to find alternative ways of dealing with the IP issues when everyone’s lives are at stake,” said Tahir Amin, executive director of the Initiative for Medicines, Access & Knowledge, an organization promoting better access to drugs. “You’ve got the advocates saying ‘Let’s knock the wall down,’ and then you’ve got the investors who say ‘If we open the door it’s like the floodgates.’ We have to be smarter than that.”

A patent gives a drugmaker exclusive rights to manufacture a vaccine it developed, also providing it the power to charge a price that covers the costs of research and development. Their profit margin per dose, however, depends on the urgency of the situation, and amid a pandemic, charging anything more than development costs is bound to be controversial. India’s proposal would require that the waiver remain in place until there’s been widespread vaccination and the majority of the world’s population has developed immunity.

Whether it’s possible to reconcile will only be clear as the pandemic plays out. The European Union and U.S., home to leading drugmakers, are vehemently opposed to the proposition, though pricing may offer some room for negotiation.

Pfizer and its partner BioNTech have said their vaccine will cost $19.50 a dose in the U.S. That’s likely to be too much for many poorer countries, even if discounted, especially given the cost of the vaccine’s deep-freeze storage requirements. But AstraZeneca’s vaccine costs $4 to $5 a dose and is the big hope for the developing world right now.

The Covax alliance, an effort backed by more than 90 rich countries that seeks to boost access to vaccines in about 90 poor ones, has struck a deal with AstraZeneca to buy and distribute vaccines.Last month, Covax said it had raised $2 billion but that may not be enough as it needs another $5 billion next year to procure 2 billion doses. On Tuesday, the EU and European Investment Bank announced 500 million euros ($608 million) in financing to help vaccinate 1 billion people as part of that effort.

“We’re an integrated world,” said Fred Abbott, a professor at Florida State University College of Law. “Everyone understands you can vaccinate everyone in the United States, but if you don’t vaccinate everyone around the world you’re still going to have a problem.”

Pressure from developing countries however is only going to increase next year if they are left in the lurch. UNAIDS, the U.N. agency combating the immunodeficiency virus, calls it a choice between “a peoples’ vaccine or a profit vaccine.”

While the first vaccines have been distributed in recent days in the U.K., nine out of 10 people in poor countries will miss out on a vaccine in 2021, according to Oxfam. That echoes the early days of the AIDS response, said UNAIDS Executive Director Winnie Byanyima, when “treatment was only available to the rich while poorer countries had to wait years.”

The International Federation of Pharmaceutical Manufacturers and Associations argues that suspending patents is fraught with danger. If you waive patents this time round, you risk harming the whole medical infrastructure that allowed Covid vaccines to be developed in record time, said Director General Thomas Cueni.

“Eroding patent protections has far-reaching consequences,” he wrote in a recent New York Times opinion piece, citing the development of messenger RNA, the underlying innovation common to the Pfizer and Moderna vaccines. “Scientists eager to explore future uses of mRNA will struggle to find investment if intellectual property protections are snatched away when others deem it necessary.”Drugmakers like AstraZeneca have pledged not to profit from their vaccine for the length of the pandemic, while Moderna has said it won’t enforce its patents during the pandemic. Even frequent critics of the drugmakers have praised some of these efforts.

There are precedents for countries unilaterally suspending patents but they have been used rarely since 1945. Enforcement would be tough-most patent applications haven’t even been issued yet, and it’s hard to force companies to reveal trade secrets such as manufacturing processes that can have broad uses beyond vaccines.

Back at the WTO, delegates have agreed to keep discussions open and will submit a report to the WTO’s General Council meeting on Dec. 16, highlighting the “current lack of consensus” on the issue, according to a statement from the organization.

James Pooley, former deputy director general of the World Intellectual Property Organization, reckons that even though the proposal is “unlikely to go anywhere,” it may have an impact down the line.

“It’s the battering ram at the door,” he said. “If they keep bashing at it, a hinge may break.”

Biden launches a quiet effort to tame the Senate #SootinClaimon.Com

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Biden launches a quiet effort to tame the Senate (nationthailand.com)

Biden launches a quiet effort to tame the Senate

InternationalDec 16. 2020President-elect Joe Biden acknowledges the crowd Tuesday as he attends a rally with Democratic Senate nominees Raphael Warnock and Jon Ossoff in Atlanta. MUST CREDIT: Washington Post photo by Joshua Lott.President-elect Joe Biden acknowledges the crowd Tuesday as he attends a rally with Democratic Senate nominees Raphael Warnock and Jon Ossoff in Atlanta. MUST CREDIT: Washington Post photo by Joshua Lott. 

By The Washington Post · Annie Linskey

In public, President-elect Joe Biden is spending most of his time announcing Cabinet appointments, meeting with health experts and giving speeches on unity. Behind the scenes, though, he’s grappling with a grittier challenge that could be critical to his presidency – dealing with an unruly Senate.

Biden’s strategy, displayed in private conversations and some public actions, features two goals, both exceedingly difficult: winning the two Senate runoffs in Georgia to seize a razor-thin Democratic majority, while forging alliances with key Republican senators.

Both goals are increasingly evident, as Biden held his first phone call as president-elect this week with Senate Majority Leader Mitch McConnell, R-Ky., and a short time later boarded a plane for Georgia to campaign for the two candidates whose victory would unseat McConnell as majority leader.

Biden’s recent agenda has been driven, to a degree not always obvious, by his desire to take control of the Senate. Last week, he privately urged civil rights leaders to delay pushing for criminal justice reform by a few weeks so their rhetoric would not be used by Georgia Republicans to target Democrats Raphael Warnock and Jon Ossoff.

“We need those two seats,” Biden said, according to tape of the call obtained by the Intercept.

In a meeting on Monday, Biden insisted to supporters that he could work with Republicans, despite the continued refusal of some GOP senators even to acknowledge his victory. “I may eat these words, but I predict to you: As Donald Trump’s shadow fades away, you’re going to see an awful lot change,” Biden said on a call with grass-roots supporters.

Many Democrats are skeptical, saying Senate Republicans’ determination to torpedo Democratic initiatives long predated Trump’s presidency. McConnell, for example, refused to even consider President Barack Obama’s final Supreme Court nominee, Merrick Garland.

But Biden’s agenda, from nominations to spending bills, will depend in no small measure on whether he can manage the Senate. As a 36-year veteran of the chamber, he is invested in the belief that he can succeed where Obama often failed.

“There are a lot of things that would make a huge difference if they can come together in the Senate and make progress,” said Anita Dunn, an adviser to Biden’s transition team. “His belief is that he is going to be able to work with people on both sides to come together around issues where there’s general agreement and make progress that is going to benefit people in this country.”

Biden has acknowledged that might require significant effort as well as time. He mused on Monday that it could take “six to eight months” before his new working relationship with the GOP was established, while also saying that he had already heard from seven “mostly senior” Republican senators.

“You’re going to be surprised,” Biden promised. “We’re going to have a lot of people wanting to work with us.”

Scott Jennings, a longtime political aide to McConnell, said that both Biden and McConnell believe in the institution of the Senate – a notion many Democrats scoff at – and predicted they will find areas to work together. “Nobody’s going to get everything they want,” Jennings added.

He offered some praise for Biden, suggesting he might have success where Obama did not. The former president served only four years in the Senate before rocketing to the presidency, and many Republicans complained that he was aloof and disdainful.

“The key difference is [Biden] is not totally inept when it comes to legislative affairs,” Jennings said, adding that “Biden shouldn’t expect McConnell and the Senate Republicans to roll over on things.”

One likely area of conflict is judicial appointments. McConnell has been singularly focused on confirming scores of conservative federal judges, many of them relatively young and inexperienced, capped by the last-minute installation of Supreme Court Justice Amy Coney Barrett. It is not clear how he will react to Biden’s nominations.

The political environment confronting Biden is also in some ways markedly rougher than that facing Obama, who came into office with sizable majorities in the House and the Senate, and with an opponent who conceded quickly and graciously.

In Biden’s case, just 12 of 52 Republican senators acknowledged his victory, according to a Washington Post survey of GOP members of Congress conducted before Monday, when the electoral college affirmed his win and more Republicans began to accept it.

Biden told supporters Monday that he believed he could find common ground on areas such as an infrastructure program and relations with China, particularly with the senators he has spoken to in recent weeks.

That list includes Sen. Lindsey Graham, R-S.C., one of Trump’s closest allies in the Senate, The Post has learned. Others include Sens. Susan Collins, R-Maine, Pat Toomey, R-Pa., and Sen. Mitt Romney, R-Utah, who was the Republicans’ 2012 presidential standard-bearer.

Romney’s office issued a statement Tuesday confirming that he had “congratulated” Biden on his win and “expressed admiration for his willingness to endure the rigors of a presidential campaign and serve in the nation’s highest office.” The two discussed the country’s deep political divides, the pandemic, the economy and China, the statement said.

After speaking with McConnell on Tuesday, Biden said he hoped for a sit-down soon with the majority leader. “We agreed we’d get together sooner than later,” Biden said. “I’m looking forward to working with him.”

But if winning over Senate Republicans would require a departure from recent history, so would two Democratic Senate victories in Georgia.

A Democrat has not won a Senate seat in the state in two decades. Biden was the first Democratic presidential candidate to capture it since Bill Clinton in 1992.

Even if both Warnock and Ossoff prevail, it would result in a Senate that is split 50 to 50; Democrats would control the chamber only because Vice President-elect Kamala Harris would break ties. And most legislation requires 60 votes in the Senate.

When he visited Georgia this week, Biden’s bipartisan tone was far less evident as he took on Republican Sens. Kelly Loeffler and David Perdue.

“I need two senators from the state who want to get something done, not two senators who are just going to get in the way,” he said at a car rally in Atlanta on Tuesday afternoon. “We can get so much done . . . and we need senators who are willing to do it, for God’s sake.”

And even some on Biden’s staff tend to take a more partisan tone. In an interview with Glamour published Tuesday, Biden campaign manager Jennifer O’Malley Dillon, soon to be his deputy White House chief of staff, referred to Republicans with an expletive and said, “Mitch McConnell is terrible.”

Along with the Democratic National Committee, the Biden operation has spent about $5 million on the Georgia runoffs, according to a Biden campaign official, and is paying for about 50 staff members to continue working in the state. In addition, the campaign has shifted about a dozen staffers who focus on data analytics, and Biden has been raising money directly for Ossoff and Warnock.

Behind the scenes Biden has also made it clear what he believes Democrats should be talking about, and what they should avoid, before the Jan. 5 vote.

In his video call with the leaders of seven civil rights organizations, he argued explicitly that criminal justice reform, an issue of great importance to the groups, was better tabled until after the Georgia vote.

“How much do we push between now and January 5th?” Biden said. “We need those two seats.”

He reiterated this several times. “I also don’t think we should get too far ahead of ourselves on dealing with police reform, because they’ve already labeled us as being ‘defund the police,’ ” Biden told the civil rights leaders. He added, “That’s how they beat the living hell out of us across the country – saying that we’re talking about defunding the police.”

Biden won Georgia by about 12,000 votes, a very narrow margin that relied on several different voting blocs breaking his way, including a strong turnout from African Americans, Latinos and Asian Americans, along with roughly 30 percent of the White vote.

“He was just the right guy, because he was a moderate and people knew him and they thought he was bipartisan,” Biden pollster John Anzalone said. “They didn’t think he was a radical-left guy.”

The moderation has been a hallmark of Biden’s transition. He selected Tom Vilsack to be his agriculture secretary, for example, despite pleas from civil rights leaders who wanted him to name a Black woman and feared Vilsack would lead to a backlash in Georgia.

The Peach State happens to be the home state of Shirley Sherrod, a former official at the Agriculture Department whom Vilsack fired during his previous stint in the job. She was dismissed after a conservative news organization broadcast misleading snippets of a speech that made it appear she was biased against White farmers.

When a full recording emerged and it was clear Sherrod had been misrepresented, Vilsack apologized, and he also reached out to her recently. “I told him, ‘It’s been 10 years ago,’ that ‘I accept your apology,’ ” she told MSNBC’s Joy Reid.

But Sherrod offered some conditions for her grace, saying she would like to see the department make a concerted effort to help groups such as Black farmers who have been disadvantaged, and at times lost their land, because they’ve been unfairly denied loans.

“I meant that, and I was ready to move on,” Sherrod said. “I need to see that they are ready to move on with us.”

Hopes for a ‘normal’ Christmas fade as pandemic rages in Europe and North America #SootinClaimon.Com

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Hopes for a ‘normal’ Christmas fade as pandemic rages in Europe and North America (nationthailand.com)

Hopes for a ‘normal’ Christmas fade as pandemic rages in Europe and North America

InternationalDec 16. 2020

By The Washington Post · Adam Taylor

When governments in Europe announced new shutdowns amid surging coronavirus cases last month, some world leaders floated a tantalizing light at the end of the tunnel.

“I have no doubt that people will be able to have as normal a Christmas as possible,” British Prime Minister Boris Johnson said during a news conference Nov. 5, as he announced a four-week lockdown.

The reassurance, after a tough year when many families had already spent special occasions in isolation, served as motivation to put up with short-term restrictions.

But with coronavirus cases surging again as the holiday season approaches, and vaccine rollouts in stages too early to make a dent, hope for a Christmas miracle has come to look like a mirage.

In Germany, where officials spent weeks deciding whether to offer a Christmas reprieve from restrictions, Chancellor Angela Merkel announced Sunday that the country would return to strict measures like those it had imposed at the start of the pandemic.

The Dutch government announced Monday that it would install its toughest restrictions yet over the holiday season, through Jan 19. “We realize just how far-reaching this decision is,” Prime Minister Mark Rutte said in an evening address to the nation. “This has been a year of sadness and mourning for many.”

The Italian media has speculated that a similar lockdown is impending, while other European countries, including Greece, have imposed measures ahead of Christmas.

Last week in the United States, California announced its restrictions would run through the holiday.

Many global health experts have welcomed the restrictions and shutdowns. “The festive season is a time to relax and celebrate,” World Health Organization head Tedros Adhanom Ghebreyesus said Friday, but it “can very quickly turn to sadness.”

Putting a damper on Christmas can be a tough decision. In Canada, Manitoba Premier Brian Pallister grew emotional when he announced that strict rules for the province would continue over the holiday season. “I’m the guy who is stealing Christmas to keep you safe,” he said, his voice breaking.

Even restrictive measures might not be enough to keep the rate of transmission down over the holidays. On Tuesday, researchers from Imperial College London released a study suggesting that infections increased in London during the final weeks of the nationwide lockdown Johnson announced in November.

Johnson hasn’t entirely reversed his Christmas pledge, but his government on Monday announced large parts of the country, including most of London, would be placed under the highest level of virus restrictions this week.

Britain’s holiday plan – which calls for people to form a “Christmas bubble” of friends and family they wish to socialize with between Dec. 23 and 27 – will remain in place. But some politicians and experts argue it will come at a high cost.

“Letting down our guard for five days over Christmas could be very dangerous indeed,” Tobias Ellwood, a former British defense secretary, said in Parliament on Monday as he asked the government to review the Christmas bubble rules.

Health experts have been concerned for months about Christmas – especially extended, indoor, intergenerational celebrations that often involve travel. Christmas and Hanukkah are widely celebrated in Europe and the Americas, where the virus has hit hard.

Evidence from Thanksgiving celebrations in the United States and Canada show such gatherings can worsen the spread of the virus. Since the U.S. holiday, new daily confirmed cases have skyrocketed and the seven-day average is above 200,000.

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said in a television interview last week that the Christmas season may be worse than Thanksgiving for the spread the virus, as it lasts longer, running through New Year’s.

The middle of January “could be a really dark time for us,” Fauci told CNN last Tuesday.

Germany announced 16,362 new cases on Monday, marking another substantial increase in an outbreak that has led to 21,975 deaths. In the Netherlands, coronavirus cases surged to 9,884 on Sunday – the highest figure seen since late October.

Although daily cases in Britain haven’t reached the level of their November peak, Health Secretary Matt Hancock said Monday that the government had identified a new variant of the virus and that it “may be associated with the faster spread in the south of England.”

Some governments have been able to flatten the curve, allowing a degree of normality over the Christmas period. France announced this weekend that it would relax rules for people in long-term care over the holidays.

But for many, this will be a Christmas like no other. In Belgium, where new cases declined steeply after a strict lockdown last month, residents are still advised to host their Christmas parties outside and allow only one guest to use the bathroom.

The restrictions are not limited to North America and Europe. In Brazil and Russia, two hotbeds of the pandemic with large Christian populations, some regional governments have banned Christmas festivities.

Moscow Mayor Sergei Sobyanin said in early November that Christmas festivities, which usually take place on New Year’s Eve in the Russian Orthodox Church, were canceled, as it was “obvious that mass events will not be held.”

FDA approves first rapid over-the-counter home coronavirus test #SootinClaimon.Com

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FDA approves first rapid over-the-counter home coronavirus test (nationthailand.com)

FDA approves first rapid over-the-counter home coronavirus test

InternationalDec 16. 2020

By The Washington Post · William Wan

WASHINGTON – The Food and Drug Administration on Tuesday authorized the first rapid coronavirus test that can be taken at home without prescription and that yields immediate results.

The test could be a vital tool in the country’s fight against the virus, especially in the months before most Americans are vaccinated. Unlike previous home tests, this version does not require samples to be sent to a lab and can be taken without doctors’ orders by anyone older than 2.

The test, developed by Australian company Ellume, is one of several developments for coronavirus testing.

After months of failures, long lines and continued shortages, the country’s testing capacity is expected to increase rapidly in the coming two to three months, reaching many times its current levels, experts said. That reflects new technologies coming online and long-standing investments to ramp up production that are coming to fruition.

The FDA allowed the test under an emergency use authorization. The newly approved home test will cost about $30, and the first batches will be shipped the first week of January, according to Ellume.

“It’s a big deal, and a huge step for efforts to take back control from the virus,” said Mara Aspinall, a biomedical diagnostics professor at Arizona State University.

But given the pent-up demand for such a test, she said, there remain questions about how much of a difference it would make unless available in large quantities and also how to prevent people and companies from hoarding such a test by buying in bulk.

In an interview, Ellume chief executive Sean Parsons said supply initially will be limited to 100,000, with plans to increase manufacturing to 1 million by mid-2021. Parsons said his company will be announcing a partnership with a major retailer – such as Walgreens, CVS or Walmart – to sell the test and create policies that would prevent hoarding by consumers. He said Ellume is in talks to supply the tests in the future directly to companies and universities.

The test uses a nasal swab to collect a sample and produces results within minutes of using a plastic device similar to a home pregnancy test.

One critical feature of the new home tests: the ability to capture and report test results.

For months, at least two dozen companies have been trying to develop home tests, most of them rapid antigen tests that detect proteins on the surface of the virus. Because labs are not involved in such tests, there was no clear way to report the results. Without that data, experts warned that the country would be flying blind as it navigates the later stages of the pandemic.

Ellume’s test requires users to download an app on their smartphone to see their test result. That app automatically sends data by Zip code to the cloud – ensuring that regional health officials can learn about positive results while keeping the data confidential, the company said.

“Today’s authorization is a major milestone in diagnostic testing for COVID-19,” FDA Commissioner Stephen Hahn said in a statement. “As we continue to authorize additional tests for home use, we are helping expand Americans’ access to testing, reducing the burden on laboratories and test supplies.”

While experts hailed the new test as a long-awaited development, many also worried that people may view the use of such tests as tacit permission to disregard precautions such as wearing masks or maintaining distance. They note that some rapid tests have been 90% to 97% accurate in detecting the virus, and that detection often depends on when people take the test.

Experts also caution that while people can take the test one day and get a negative result, they can acquire the virus the next day.

Last month, the FDA approved another single-use home test kit, but it required a prescription from a doctor. That test, developed by California biotechnology company Lucira Health, was expected to sell for less than $50, company officials said.

In coming weeks, more new tests are expected to be approved. Experts said that with increasing capacity, a growing need exists for state and federal officials to come up with a national strategy for how to deploy the tests more effectively and to provide federal funding for regular, dedicated mass testing in schools, hard-hit nursing homes and among essential workers.

Spending, stimulus talks advance in Congress as Pelosi and McConnell huddle #SootinClaimon.Com

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Spending, stimulus talks advance in Congress as Pelosi and McConnell huddle (nationthailand.com)

Spending, stimulus talks advance in Congress as Pelosi and McConnell huddle

InternationalDec 16. 2020

By The Washington Post · Mike DeBonis, Tony Romm, Seung Min Kim, Jeff Stein

WASHINGTON – Congressional negotiations on spending and economic relief picked up speed on Tuesday as top lawmakers met for an hour in the afternoon and then planned to reconvene in the evening, a sign that negotiations are reaching a critical stage.

House Speaker Nancy Pelosi, D-Calif., hosted the three other most senior congressional leaders – Senate Majority Leader Mitch McConnell, R-Ky.; Senate Minority Leader Chuck Schumer, D-N.Y.; and House Minority Leader Kevin McCarthy, R-Calif. – in her office.

“We’re not leaving here without a covid package. It’s not going to happen,” McConnell said at his news conference Tuesday before the first gathering. “We’re going to stay here, no matter how long it takes.”

The first meeting adjourned about 5 p.m. Eastern time, and the second meeting was set to begin at 7:30 p.m. Lawmakers face a Friday night deadline to pass legislation before a government shutdown, and they are trying to assemble an economic relief package to provide jobless aid and small-business assistance.

The meetings represent the first time in months leaders have met in person to hash out a broad bipartisan deal that could include hundreds of billions in spending in coronavirus relief. Talks remained fluid, and it is unclear whether a second round of $1,200 stimulus checks would be included in the final agreement. Similarly, lawmakers continued to wrangle over whether to include aid for state and local governments in a stimulus deal.

Pelosi and Treasury Secretary Steven Mnuchin also spoke for more than an hour about the spending legislation and a potential pandemic-relief package at about noon Tuesday, according to Drew Hammill, a Pelosi spokesman, illustrating how the Trump administration is involved in this stage of the negotiations.

Previous efforts to reach a compromise have failed since the spring. President-elect Joe Biden has urged lawmakers to reach a deal during the lame duck session of Congress, and Democrats have signaled in recent weeks that they are more open to a smaller-scale package than they were before the election.

Two main items were on the Tuesday afternoon agenda. First, lawmakers are trying to finalize a $1.3 trillion spending accord that will keep the government open past Friday through September 2021. Second, lawmakers are trying to pin down a coronavirus relief deal that would extend numerous expiring aid programs and provide new funding to accelerate and expand distribution of the new coronavirus vaccines.

The renewed momentum behind a deal comes as senior Democratic lawmakers indicate a greater willingness to compromise and a forceful push by a bipartisan group of lawmakers pass a relief bill before Christmas recess.

Lawmakers also face intense pressure to approve new relief with multiple critical emergency programs set to expire by the end of the year, including jobless benefits for 12 million Americans and rental protections for as many 30 million Americans.

On Monday, a bipartisan group spearheaded by Sens. Mitt Romney, R-Utah, and Joe Manchin, D-W.Va., released a $748 billion proposal that would devote hundreds of billions of dollars to unemployed Americans and small business relief, as well as tens of billions of dollars for transportation, education, vaccine distribution, and other needs. The group released a second bill consisting of a liability shield offering businesses immunity from lawsuits and about $160 billion in state and local aid – the two provisions that have most sharply divided lawmakers for months.

The bipartisan group’s proposal would extend the expiring unemployment benefits and eviction moratorium for one month. It would not extend a federal paid sick leave benefit currently being used by tens of millions of Americans.

The legislation also excludes another round of $1,200 stimulus checks although that measure is supported by the White House and numerous congressional Democrats. On an internal Republican call on Monday, Romney said the checks would cost $300 billion to include and that the additional borrowing had already made “people on both sides nervous,” according to two people familiar with the exchange.

Romney had pushed the stimulus checks and more money for vaccines in the bipartisan group’s negotiations in exchange for dropping state aid and the liability shield, but was rebuffed, two people familiar with the internal deliberations said.

White House press secretary Kayleigh McEnany said Tuesday that Trump would support direct payments as part of a package but would not say if they represented a red-line demand for the administration.

“We are hopeful there is a deal there that the president then can look at and support,” she said.

Pelosi and Schumer first backed a $908 billion bill released by the group earlier this month as the starting point for negotiations, although it was significantly smaller than what Democrats had pushed. In recent days, both House Majority Leader Steny Hoyer, D-Md., and Senate Whip Dick Durbin, D-Ill. – the second highest-ranking Democrats in the House and Senate – publicly suggested they would approve a relief package even without the state and local funding component Democrats have demanded for months.

Pelosi continued to advocate for state and local aid during a phone call with Mnuchin on Monday, Hammill said. The White House also included $160 billion in state and local aid in its latest relief proposal. But people close to negotiations believe state and local aid appears likely to fall by the wayside as lawmakers move closer to a final agreement. Although several Senate Republicans support providing state and local aid, McConnell has made clear that he would not back legislation that includes only state and local funding and not the liability shield.

Lawmakers have so far proven unable to reach a compromise on the liability shield, with Manchin representing the only Democrat to back sweeping legal protections from coronavirus-related lawsuits.

On Monday, Durbin backed a $748 billion bipartisan relief package spearheaded by a group of moderate lawmakers that excludes both the state and local aid funding and the liability shield. Hoyer on CNN on Sunday acknowledged Democrats would not “get everything we want” and suggested disbursing emergency aid was more important than holding firm on state and local funding.

“I want to be clear: I’m not giving up on funding for states and localities. This funding is essential in our fight against the pandemic and for our economic recovery,” Durbin said in a statement. “While the fight continues over these issues, we must provide some emergency relief for the American people before we go home for the holidays. I support the $748 billion bipartisan package.”

Lawmakers have little time to act. Trump on Friday signed into law a one-week spending measure that gave lawmakers until this Friday to reach a more comprehensive agreement in order to avoid a government shutdown. If lawmakers have not hammered out all of their issues, they could be forced to seek another short-term spending measure, which could push further negotiations into next week.

How an ‘atmospheric river’ spoiled Monday’s total solar eclipse in Chile #SootinClaimon.Com

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How an ‘atmospheric river’ spoiled Monday’s total solar eclipse in Chile (nationthailand.com)

How an ‘atmospheric river’ spoiled Monday’s total solar eclipse in Chile

InternationalDec 16. 2020A shot of Monday's solar eclipse during partiality, about 12 minutes before totality. Clouds and rain arrived during totality. MUST CREDIT: Washington Post photo by Matthew Cappucci.A shot of Monday’s solar eclipse during partiality, about 12 minutes before totality. Clouds and rain arrived during totality. MUST CREDIT: Washington Post photo by Matthew Cappucci. 

By The Washington Post · Matthew Cappucci

TALCA, Chile – Astronomers and skywatchers alike had looked forward to Monday, Dec. 14, for years – a total solar eclipse would darken a swath of Chile and Argentina, the moon blotting out the sun for just over two minutes as the sun’s breathtaking atmosphere emerged to the naked eye.

Unfortunately for many, myself included, the long-awaited celestial spectacle largely flopped. Chile, one of two countries fortunate enough to be crossed by the narrow swath of totality, was socked in beneath cloud cover thanks to a soggy “atmospheric river.”

While some in Argentina were treated to the indescribable elegance and beauty of the solar corona promenading outward from behind the moon, the only thing visible in Chile was a brief night-like darkening of the ambient overcast.

For those of us who had spent months of planning, forked out thousands of dollars and devised a detailed itinerary in accordance with the latest evolving health guidance from the U.S. and Chilean governments, it marked a hefty letdown that seemed consistent with the running theme of 2020.

Total solar eclipses are arguably the most serene, otherworldly and scientifically spiritual scenes visible on our planet. They happen once every year and a half or so, but the thin sliver of real estate they visit often carves out a track in remote or inaccessible areas. Umbraphiles, or those infatuated with basking in the moon’s shadow, go to great lengths to put themselves in position for each solar eclipse they can.

I caught the eclipse bug in 2017, when my friend and meteorologist colleague, Dan Satterfield, and I drove to the vast emptiness of the Nebraska Sandhills and set up shop, not knowing what to expect. When the sky faded to twilight and the delicate, luminous solar corona, or atmosphere, appeared, we vowed to never miss another one.

On July 2 last year, we traveled to La Serena, Chile, where we rendezvoused with the sun’s corona one again, perched atop a mountain for the 2 minutes 32 seconds of splendor.

Dan and I knew we’d be back in South America for Monday’s total solar eclipse, and we had tossed around the idea of flying to Chile and crossing into Argentina, where the weather prospects were historically favored to be better. Our tickets were booked in early 2020. Then a global pandemic ensued, and we were forced to cancel.

But in late November, the Chilean government announced it would reopen to international travelers, allowing tourists to enter without quarantine after Dec. 7 as long as they presented proof of a negative coronavirus test. Dan and I rebooked our tickets and scrambled to plot an itinerary. Unfortunately, Dan later learned he wouldn’t be able to make the trip, but I decided to still give it a go. I spent weeks crafting a plan and four backup plans, meticulously studying all government health protocols.

Things were looking good until 48 hours before my trip. That’s when evolving health guidance meant that, one by one, the dominoes of my itinerary toppled. After making 19 adjustments and hastily rebooking and revising, I hopped on the one American Airlines flight to Chile and crossed my fingers.

The continued closure of Argentina meant that I would be at the mercy of the weather in Chile. I’d only have 92 miles west to east to position myself, and any errant weather systems could easily sock in that entire region beneath a veil of clouds. By late last week, I was in the path of totality – but Monday’s weather wasn’t looking promising.

Models simulated an atmospheric river – a slender, juicy conveyor belt of deep atmospheric moisture – aimed at the coast. It became apparent that the feature would target the 56-mile-wide path of totality on Monday, aligning perfectly to ruin the show for most. My only hope was that drying in its wake would overspread the extreme southwest extremity of the path of totality in time for the show.

In the end, I awoke at 4:30 a.m., drove an extra four hours and agonized futilely over the forecast – only for sunshine to emerge 10 minutes after totality. The same fate was shared by hundreds of thousands of Chileans who were unable to see beyond thick low clouds that blotted out the show.

During past eclipses, I had spent my time frantically taking photos of the dynamic solar corona. But this time, I knew any efforts would be in vain. Five minutes before totality, I accepted that the weather was hopeless. I tossed aside my camera, stood there with my eyes open, and waited.

Two minutes before totality, animals went silent. I was situated next to a farm, and I watched sheep return from feeding to settle in for the night. The birds, previously chatty, quieted. The brisk wind went nearly calm.

That’s when night descended. At first, it was like a giant thunderstorm had crossed in front of the sun, but the light kept fading. Within 30 seconds, the landscape was thrust into a dusky slumber, the sky overhead transforming beneath an overcast azure. Along the southern horizon, daylight was visible to my south outside the zone of totality.

In the end, the sullied show paled in comparison to what I had witnessed in years prior. As meteorologists, we forecast the weather, but that doesn’t make us immune to its caprice. In this case, the deck was stacked against skywatchers, and those of us in Chile took an inevitable loss.

Across the border in Argentina, most of the path was equally cloudy. A few lucky gaps in the overcast did appear, however, and Argentines in the right place at the right time were treated to the sight of a lifetime.

E.U. proposes sweeping new rules for online business that could force fundamental changes for digital giants #SootinClaimon.Com

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E.U. proposes sweeping new rules for online business that could force fundamental changes for digital giants (nationthailand.com)

E.U. proposes sweeping new rules for online business that could force fundamental changes for digital giants

InternationalDec 16. 2020European Commission Vice President Margrethe VestagerEuropean Commission Vice President Margrethe Vestager 

By The Washington Post · Michael Birnbaum

The European Union on Tuesday unveiled sweeping new rules for online businesses that could potentially force fundamental changes in the business practices of digital giants such as Google, Facebook, Apple and Amazon.

The new rules would overhaul the basic legal framework through which companies conduct their digital business in the vast, wealthy E.U. market, requiring platforms to police content far more aggressively and banning them from using their vast stores of data to unfairly overtake their competitors.

If enacted – a process that could take years – the rules would touch every company that conducts business on the internet within the 27-nation European Union, from the smallest to the gargantuan. But the very biggest companies, almost all of them American, would be subject to particularly aggressive rules.

Violations could be punished with fines of up to 10% of their global business turnover – in the case of Amazon, that would mean up to $28 billion. And repeated violations could be punished with an order to break up businesses.

The E.U.’s Digital Services Act and the Digital Markets Act together construct a European vision for rules of acceptable business behavior in the digital world that is far different from those in place today.

The proposals can be compared to the “first-ever traffic light that brought order in the streets,” said European Commission Vice President Margrethe Vestager, a Danish politician who has pursued aggressive regulation during her six years as the E.U.’s digital enforcer.

“We have such an increase in online traffic that we need to create rules to bring order into chaos,” she said as she announced the draft legislation.

Tuesday’s proposals are part of a trifecta of European initiatives that take aim at digital giants and could pose challenges for President-elect Joe Biden, who has promised a fresh U.S. effort to regulate the digital world but may want to move in a different direction than Europe.

Already, policymakers are trying to sort out the implications of a July ruling by Europe’s highest court that may force U.S. companies to overhaul how they handle the data of E.U. customers. And the E.U. is seeking to impose a new tax on digital businesses that could unsettle Washington, though E.U. policymakers say they hope to do so in cooperation with the White House and not in opposition to it.

Digital issues have “an opportunity to be an irritant. I’ve suggested that we should start off with a truce to give peace a chance,” said Anthony Gardner, a former U.S. ambassador to the European Union who advised the Biden campaign. He said that both taxation and the data privacy issues had the potential to be a “grenade.”

All three E.U. initiatives are the subject of a furious transatlantic lobbying effort, as companies and advocates seek to shape the digital world for years to come.

The proposals unveiled Tuesday would make major online platforms legally responsible for the content users post on their services, requiring companies to police abuse, misinformation and other legal violations far more actively than they do now. The goal is to empower E.U. countries to counter illegal content online. Vestager mentioned “terrorist propaganda” as one example.

Companies that allow other businesses to sell services through their platforms would have to allow equal access to their rivals rather than prioritize their own products. Apple could need to allow other companies to use the payment technology built into its iPhones, instead of locking it to Apple Pay. Amazon would need to give equal treatment to third-party sellers, for example by not defaulting on its product pages to items that it sells itself. Nor would it be allowed to use the data it gathers about popular third-party products to make decisions about which items it sells under its own AmazonBasics label. (Amazon chief executive Jeff Bezos also owns The Washington Post.)

And digital giants would have to make more of their algorithms transparent, to allow independent scrutiny of their business practices.

In all, it’s more proactive than the E.U.’s previous tech regulation, which tended to punish anti-competitive behavior that has already taken place, too late to help smaller companies that have been locked out of markets.

U.S. tech companies had mixed reactions on Tuesday.

“We are concerned that they appear to specifically target a handful of companies and make it harder to develop new products to support small businesses in Europe,” said Karan Bhatia, Google’s vice president of government affairs and public policy, in a statement. “We will continue to advocate for new rules that support innovation, increase responsibility and promote economic recovery to the benefit of European consumers and businesses.”

The proposals are “on the right track to help preserve what is good about the internet,” tweeted Facebook’s head of E.U. affairs, Aura Salla. “We welcome harmonised EU rules on harmful and illegal content online.”

Apple declined to comment. An Amazon spokesman pointed to a recent statement that it was concerned about “ensuring the same rules apply to all companies.”

Although the rules as drafted would have particular impact on the U.S. tech giants, other companies that operate solely within Europe would have to revisit their business practices. Policymakers are also hoping to regulate Chinese businesses as they expand their presence within the E.U.

Vestager said U.S. skepticism toward tech giants had grown in recent years to the point where she no longer worried about a transatlantic clash over regulation.

When she visited Washington not long after she took office six years ago, it was “a completely different world. They were kind of, ‘What are you doing in Europe?” she said.

Now, she said, “the debate will be very different than if we had tabled this five years ago.”

In one sign of that shifting sentiment, the U.S. government and 48 attorneys general filed a landmark antitrust lawsuit against Facebook last week, setting the stage for its possible breakup. Also on Tuesday, Britain unveiled its own proposal for digital regulations, the Online Harms bill.

But conflicts could arise on a range of issues. U.S. companies could be roped into enforcing European laws on free speech that tend to be far narrower than in the United States, for instance. American lawmakers who think digital giants should pay far more taxes still sometimes bristle when other countries try to tax U.S. companies. And the data privacy issues may force costly changes on U.S. companies to overhaul how they handle their European customers’ information.

The confluence of thorny topics could force Biden into a confrontation with Europe, even though both he and European leaders have said they want to reconcile after four years of President Donald Trump.

“Let’s face it. The biggest five companies in the world of tech are American, so if Europe steps in, even with many reasons to do so, that could lead to a deterioration of relations and a tax and trade war,” said Paul Tang, a Dutch member of the European Parliament who works on digital regulation issues and favors tighter rules.

The European Commission this month proposed a transatlantic council to discuss digital trade issues with the new administration.

Because they are moving faster than the United States, some European policymakers hope their standards will become the world’s.

“Since the global market is adopting our standards, if we push forward, we’ll be the first ones crafting the rules,” said Eline Chivot, a senior policy analyst at the Center for Data Innovation, a Brussels think tank, describing some of the European thinking on the area. “Everyone will follow our lead.”

Already, the E.U. has forced significant changes in behavior with a 2018 legal measure on data privacy that gives European users much more control over how their data is used, stored and sold by companies.

“The E.U. at some point has woken up to the fact that all of this digital stuff is of great strategic importance,” said Christopher Kuner, a law professor and director of the Brussels Privacy Hub, a research center at the Free University of Brussels. “The E.U. has no military clout, but where it does have a lot of clout is regulatory areas.”

But skeptics of Europe’s digital efforts say ambitious regulation is sometimes not backed by aggressive enforcement.

Vestager has sought huge fines against some of the biggest tech companies. But her efforts at times have been batted down by courts.

And Tuesday’s proposals were punctuated by an announcement that the very first fine for a violation of the data privacy rules was issued, more than two years after they went into effect. Ireland’s data regulator issued a $550,000 fine against Twitter for breaking data privacy rules – a drop in the bucket for a company that reported $936 million in revenue in the third quarter of 2020 alone.

The new rules “won’t curb the market power of big tech companies,” Tang said. He said he wished the proposals were more stringent.

“It’s absolutely going to be a change in the way we deal with data and in how we find an architecture for the Internet,” he said. “And it’s not going to be the end of the discussion.”

Lockdown winners drive Europe’s IPO market to surpass 2019 #SootinClaimon.Com

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Lockdown winners drive Europe’s IPO market to surpass 2019 (nationthailand.com)

Lockdown winners drive Europe’s IPO market to surpass 2019

InternationalDec 16. 2020

By Syndication Washington Post, Bloomberg · Swetha Gopinath

The European market for initial public offerings raised more money than in 2019, defying the coronavirus crisis and nail-biting Brexit negotiations this year, led by companies that benefited from pandemic-induced lockdowns.

European exchanges hosted 161 IPOs and counting, worth a combined $28.3 billion, surpassing the $26.7 billion raised over 136 listings in 2019, according to data compiled by Bloomberg. This remains only a fraction of global issuance, blown out of the water by the 893 deals worth $134.3 billion in the Asia Pacific region and the record-busting $174.1 billion raised in 483 U.S. deals.

While Norway saw the most deals, London accounted for more than a third of Europe’s proceeds, with 33 deals worth $11.3 billion, up a fifth from last year’s poor showing. This includes international issuers, like Kazakhstan’s digital retail bank Kaspi.kz and two billion-dollar listings by Chinese companies, though the biggest debut came from online shopping emporium THG Holdings Ltd., a rare sizable domestic float.

Next year may bring more home turf listings, as even the possibility of a rocky exit from the European Union isn’t curtailing excitement. “What we are starting to see in 2021 is that the U.K. proportion of the pipeline is looking stronger than usual,” said Charlie Walker, head of equity and fixed income primary markets at the London Stock Exchange.

This, despite the poor relative performance of U.K. stock markets. The FTSE 100 index is down 13% in 2020, more than double the 5.6% dip in the Stoxx Europe 600, while the more domestically oriented FTSE 250 benchmark has slumped 9.8%. And the British economy is facing its worst recession in centuries.

Still, with the Brexit roller-coaster ride started in 2016 getting close to an end, London’s prospects seem brighter. “For next year, there is the expectation that there won’t be those sorts of markers in the calendar that create volatility,” Walker said.

And some big names are already waiting in the wings. U.K. food-delivery startup Deliveroo is said to be exploring a listing in London next year, after stuck-at-home customers turned to its app to order takeout meals, while cybersecurity company Darktrace Ltd. is said to have hired banks for an IPO in the City.

There is no doubt the U.K. could do with more new stocks to beef up its fast-shrinking market. Even the government has taken note, launching a review of listing rules in November, looking for ways to boost London’s appeal to tech and innovative firms and strengthen its standing as a global financial center.

While London has attracted most of the money, it is not the busiest venue, with Oslo clinching that title this year. Norway’s IPO market thundered out of relative obscurity, snagging a record 34 deals, nearly six times as many as in 2019, the data show. And at least three more are set to add to the tally before the year is up.

The surging activity on Oslo’s growth market, digitization of the IPO process during the pandemic and the prevalence of cornerstone investors, previously more common in Swedish deals, all came together to lead to the boom in listings, said Magnus Kvinge, head of equity capital markets for Norway at ABG Sundal Collier.

Sweden came in third after London, winning 29 IPOs worth $2.6 billion. “Since our markets are primarily driven by growth companies and tech, many have benefited from a high interest in investing in these sectors at this stage” given the acceleration of digitization during the pandemic, said Adam Kostyal, head of European listings at Nasdaq Inc.

Other fringe markets stormed up the regional league table, with Warsaw bagging a top five finish thanks to its largest listing on record: Allegro.eu’s October float. Poland’s IPO market has burst to life, with everything from gaming companies, boosted by lockdown-fueled frenzy for digital distraction, to online retailers selling bikes and clothes lining up to list.

Not every country was able to outshine last year’s performance, however. Italy’s fall from grace is particularly acute. Only last year, it was Europe’s most active venue with 35 IPOs worth $2.9 billion. That has since whittled down to a $745 million market.

Traditional behemoth Germany only scraped together $1.3 billion, less than a third of 2019’s proceeds, while France recorded even bigger losses. After previously bringing in deals worth $3.2 billion, Paris has hosted less than $600 million of new floats this year. Half of that came from a blank-check firm listed by French billionaire Xavier Niel and two other partners last week.

Yet, next year is looking better, with some substantial deals in the works. French cloud-computing provider OVH Groupe is said to be preparing a potential IPO for early 2021, while pharmaceuticals giant Sanofi and utility Engie are said to be exploring options for some units, which could result in listings. Meanwhile, private equity backers are said to mull listings for German cybersecurity firm Utimaco and enterprise software developer SUSE.

“We have a really healthy IPO pipeline, probably stronger than we have seen since the disruption caused by Brexit issues several years ago,” said Rob Leach, European head of equity capital markets at Jefferies.

U.K. job cuts hit a record high as aid extension delayed #SootinClaimon.Com

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U.K. job cuts hit a record high as aid extension delayed (nationthailand.com)

U.K. job cuts hit a record high as aid extension delayed

InternationalDec 16. 2020

By Syndication Washington Post, Bloomberg · Brian Swint, David Goodman

U.K. job cuts jumped to the highest on record in the three months through October, raising more questions over Chancellor of the Exchequer Rishi Sunak’s refusal to extend job support programs until hours before they expired.

Redundancies increased by a record 217,000 in the period, the Office for National Statistics said Tuesday. The number of people on payrolls was 819,000 below pre-pandemic levels in November, with over a third of the fall coming from the hospitality sector.

The figures will amplify criticism that Sunak acted too late when he expanded programs to protect jobs and businesses hit by the worst downturn in 300 years. After insisting for months the payouts would be scaled back, the chancellor eventually extended furlough on Oct. 31 — the day the program had been due to expire — as the government announced a second lockdown.

The aid was eventually extended until March, but many firms had already taken the decision to ax jobs. U.K. unemployment increased by 241,000 in the three months through October, taking the jobless rate to 4.9%, the highest since 2016.

It followed an increase of 243,000 in the third quarter, a rise last seen in the financial crisis of 2009.

While the jobless rate in the latest three months was lower than economists predicted, for most of October it was above 5%, the ONS said. The government expects the rate to rise to 7.5%, or around 2.6 million people, and a potential no-deal exit from the European Union’s single market will make it even harder for the economy to bounce back.

A breakdown of payrolls lost during the pandemic shows that hospitality and retail accounted for more than half. Job losses probably continued during the second lockdown in November and restrictions in place across the country in December.

Rolls-Royce Holdings Plc is cutting more than 5,000 jobs this year as reduced air travel hammers its aerospace engine business. Heathrow Airport, Britain’s busiest, says it’s trying to avoid reducing staff by implementing wage cuts, prompting more than 1,000 employees to go on strike earlier this month.

The Bank of England also added stimulus in November, increasing its bond-buying program by $198 billion (150 billion pounds) and predicting contraction in the fourth quarter. Its next policy announcement is due Thursday.

Since October, the emergence of vaccines for the virus have raised hopes that the U.K. economy can start getting back to normal in 2021, albeit with new barriers to trade from Brexit.

Bloomberg Economics now sees unemployment peaking at 7% next year, instead of 7.3%. Nevertheless, the Confederation of British Industry doesn’t see output returning to pre-pandemic levels until the following year.