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New 3-tier COVID-19 system announced for England to combat rise in cases

New 3-tier COVID-19 system announced for England to combat rise in cases

Infection rates are highest in the north of England.

Different areas in the country will now be evaluated as on “medium,” “high” or “very high” alert levels, with restrictions imposed depending on the severity of the outbreak. “Medium” areas will face the current national rules in place, which include a ban on social gatherings over six people and a 10 p.m. curfew for bars and pubs, while “very high” alert (tier three) areas will face bars, pubs and gyms being shuttered and bans on household mixing. However, retail stores, schools and universities will remain open.

“We must act to save lives, and the evidence shows that in changing our behavior, in restricting transmission between us, our actions are saving lives,” Johnson said in the House of Commons on Monday. “But we need to go further.”

In recent months, the government has targeted COVID hotspots with local restrictions, but this new system is designed to “simplify and standardize” the rules, Johnson said. The measures will come into force on Wednesday and will be the subject of regular review, he said.

The harshest measures in the U.K. have been imposed in the Liverpool City Region, which is now in the “very high” alert level, meaning bars, pubs and gyms have been ordered to shutter. COVID-19 cases are rising at the highest rates in northern England, according to Public Health England data.

Many northern areas already under restrictions will be placed into the “high” level. Comparatively, the rate of infection

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Stocks rise on China’s economic recovery and reforms

Stocks rise on China’s economic recovery and reforms

Watch: Biggest gains in three months for Chinese stocks

European markets edged higher on Monday, after Chinese stocks rallied on fresh signs of strong economic recovery and market reforms.

The pan-European STOXX 600 (^STOXX) rose 0.2% on the open to its highest level in almost a month, despite its troubles getting a grip on the coronavirus.

France’s CAC 40 (^FCHI) also rose 0.2% and Germany’s DAX (^GDAXI) was trading 0.3% higher. Britain’s FTSE 100 (^FTSE) lost 0.2%, with concerns over tighter economic restrictions looming in parts of the country.

It followed gains in much of Asian in trading overnight.

Pudong financial district of Shanghai, China. Photo: Carlos Barria/Reuters

“Equity markets in the region have… started the week on the front foot with the Shanghai Composite (^SSEC) leading the gains partly on the back of news that Chinese President Xi could unveil plans to further open parts of the economy to foreign investment,” noted Deutsche Bank analysts in a note.

READ MORE: UK services sector recovery slows as restrictions reintroduced

Stocks were trading 2.6% higher in Shanghai. China’s government is exploring ways for institutional investors to attract more mid and long-term funds, according to Reuters.

The most recent data also shows sustained growth in China’s services sector, a rebound in tourism and limited COVID-19 cases while other regions struggle with a resurgent virus.

The Hang Seng (^HSI) in Hong Kong rose 2.2%, and the Kospi (^KS11) in South Korea rose 0.5%, but Japan’s Nikkei (^N225) shed 0.3%.

US markets looked set to rise on the open. S&P 500 (ES=F) futures rose 0.2%, Dow Jones futures (YM=F) were flat, and Nasdaq (NQ=F) were up 0.4% as European markets opened.

Watch: What is a recession?

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Stocks Rise on Hopes of a U.S. Economic Relief Deal: Live Updates

Stocks Rise on Hopes of a U.S. Economic Relief Deal: Live Updates

Here’s what you need to know:

  • European stocks rose on Monday and Wall Street futures pointed to a rise in the S&P 500 when trading starts later in the day, following Asian stocks higher.

  • The Stoxx Europe 600 rose 0.5 percent, and the benchmark stock indexes in France and Germany each climbed less than half a percent. Shares in China and Hong Kong rose following the holiday week in China and expectations that President Xi Jinping would announce later this week more investment for technology in Shenzhen and increase the city’s links to Hong Kong.

  • U.S. stocks gained last week on hopes that Congress and the Treasury Department would agree to a broad economic relief package. But on Saturday, Senate Republicans balked at the cost of another deal, while Democrats, led by Speaker Nancy Pelosi, said the package did not go far enough. On Sunday, the White House suggested an agreement could still be reached before the election. In the meantime, traders will also get more updates on how individual companies are weathering the fallout from the coronavirus pandemic as third-quarter earnings seasons begins.

  • After a rally last week, oil prices declined on Monday as stalled production restarted in Norway and Libya. U.S. bond markets are closed for Columbus Day, a federal holiday that is recognized in some parts of the country as Indigenous Peoples’ Day.

  • Shares in the airline group IAG fell 1.6 percent after a sudden management shake up, in which the chief executive of British Airways will be replaced by the head of Aer Lingus.

Credit…Jeremy M. Lange for The New York Times

Millions

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‘Drastic rise’ in Malawi’s suicide rate linked to Covid economic downturn | Global development

‘Drastic rise’ in Malawi’s suicide rate linked to Covid economic downturn | Global development

One Tuesday morning in March, 48-year-old farmer Lokoliyo Bwanali set off for his maize plot. He never came back. Neighbours discovered his body later in the small field where he had poisoned himself.

“The wife of the deceased said her late husband was under pressure from creditors and was failing to settle his debts,” said Edward Kabango, from Malawi’s Dedza district police department. “The deceased left his home without explaining to his family members where he was heading until he was later found lying dead in a field, a kilometre from his home.”

Bwanali, said his brother, had approached him in distress over money, but it never occurred to the family that he might kill himself.

Malawi is seeing a sharp rise in suicide rates this year, with some attributing it to the economic stresses of the Covid pandemic. Malawi police service reports an increase of as much as 57% on the same period last year.

“We believe that the rise could be linked to coronavirus since there has been a slowdown in economic activities,” said clinical psychologist Dr Chiwoza Bandawe.

“Suicide is a very serious issue at the moment because we’ve seen from the statistics that the numbers are increasing since January, compared to the same period last year,” Bandawe said.

“It is a drastic rise so it is an issue that needs to be taken seriously. The rise can be attributed to a combination of economic and social factors. I think as people become more stressed – be it from economic or social [factors] – they don’t know how to cope.”

Suicide mortality rate (per 100,000 population) in Malawi was reported at 3.7% in 2016 by the World Bank.

Malawi is one of the poorest countries in the world. About half of the population are below the poverty

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Stocks Rise Friday, Investors Keep Economic Optimism

Stocks Rise Friday, Investors Keep Economic Optimism





Duration: 01:33

Multiple developments gave investors the green light to buy Friday.

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