
A doctor inoculates Herri Rehfeld, 92, against the new coronavirus with the Pfizer/BioNTech vaccine at the vaccination center at the Messe Berlin trade fair grounds on the center's opening day in Berlin, Germany, Monday, Jan. 18, 2021. The center is the third to open in Berlin. Three more are to open in coming weeks once shipments of the Pfizer/BioNTech and Moderna vaccines pick up pace. (Sean Gallup/Getty Images via AP, Pool)

Foreign passengers wearing protective suits prepare for their flight to China at Manila's International Airport, Philippines, Monday, Jan. 18, 2021. Coronavirus infections in the Philippines have surged past 500,000 in a new bleak milestone with the government facing criticisms for failing to immediately launch a vaccination program amid a global scramble for COVID-19 vaccines. (AP Photo/Aaron Favila)

A woman pushes luggage through the arrivals area at Heathrow Airport, in London, Monday, Jan. 18, 2021. The UK closed all travel corridors from Monday morning to protect against the coronavirus with travellers entering the country from overseas required to have proof of a negative COVID-19 test. (AP Photo/Matt Dunham)

Students wearing face masks to prevent the spread of the coronavirus as they pray upon their arrival at their school, in Karachi, Pakistan, Monday, Jan. 18, 2021. Pakistani authorities started to reopen schools in phases despite a steady increase in deaths and infections from the coronavirus, official said. (AP Photo/Fareed Khan)

A worker sprays sanitizer on the shoes of students wearing face masks to prevent the spread of the coronavirus as they arrive at their school, in Lahore, Pakistan, Monday, Jan. 18, 2021. Pakistani authorities started to reopen schools in phases despite a steady increase in deaths and infections from the coronavirus, official said. (AP Photo/K.M.Chaudary)

A worker sprays sanitizer on the shoes of a student upon her arrival at a school, in Lahore, Pakistan, Monday, Jan. 18, 2021. Pakistani authorities started to reopen schools in phases despite a steady increase in deaths and infections from the coronavirus, official said. (AP Photo/K.M.Chaudary)

A light shines on the balcony of a residential building at the district Chorweiler in Cologne, Germany, Jan. 18, 2021. The Germans are ask to work at home whenever possible in order to avoid the further spread of the coronavirus. (Oliver Berg/dpa via AP)

Greek Prime Minister Kyriakos Mitsotakis receives a shot of the second dose of the Pfizer-BioNTech vaccine against the COVID-19 virus, at the Attikon University Hospital in Athens, Greece, on Monday Jan. 18, 2021. (Yannis Kolesidis/Pool via AP)

Students wearing face masks as a precaution against the coronavirus, attend classes as schools reopen after being closed for months due to the COVID-19 pandemic in New Delhi, India, Monday, Jan. 18, 2021. Delhi on Monday opened schools for students of grade 10 and 12 after a gap of more than nine months. (AP Photo/Altaf Qadri)

Staff from Campesinos goes from house to house to offer free COVID-19 tests on the second day of the ASU and Equality Health Foundation pilot program in San Luis, Ariz.. during the ASU and Equality Health Foundation pilot program on Friday, Jan. 15, 2021. Free saliva tests engineered by Arizona State University's Biodesign Institute are administered in Yuma County's small border city of San Luis to disabled and older people living in subsidized housing. The tests have also been given to hundreds of farmworkers. (Cesar Neyoy/The Yuma Sun via AP)

A City of San Luis, Ariz., sign encourages keeping a safe distance between people to prevent exposure to the COVID-19 virus during the ASU and Equality Health Foundation pilot program on Friday, Jan. 15, 2021. Free saliva tests engineered by Arizona State University's Biodesign Institute are administered in Yuma County's small border city of San Luis to disabled and older people living in subsidized housing. The tests have also been given to hundreds of farmworkers. (Cesar Neyoy/The Yuma Sun via AP)

Medical workers prepare syringes that contain the Pfizer/BioNTech vaccine against the new coronavirus at the vaccine center at the Messe Berlin trade fair grounds on the center's opening day in Berlin, Germany, Jan. 18, 2021. The center is the third to open in Berlin. Three more are to open in coming weeks once shipments of the Pfizer/BioNTech and Moderna vaccines pick up pace. (Sean Gallup/Getty Images via AP, Pool)

Greek Prime Minister Kyriakos Mitsotakis holds his arm after receiving a shot of the second dose of the Pfizer-BioNTech vaccine against the COVID-19 virus, at the Attikon University Hospital in Athens, Greece, on Monday Jan. 18, 2021. (Yannis Kolesidis/Pool via AP)

Students wearing face masks to prevent the spread of the coronavirus attend their class at a school, in Lahore, Pakistan, Monday, Jan. 18, 2021. Pakistani authorities started to reopen schools in phases despite a steady increase in deaths and infections from the coronavirus, official said. (AP Photo/K.M.Chaudary)

A man holds up a child, both wearing face masks to help curb the spread of the coronavirus, to reach out a tree branches at the Wangfujing shopping district in Beijing, Monday, Jan. 18, 2021. A Chinese province grappling with a spike in coronavirus cases is reinstating tight restrictions on weddings, funerals and other family gatherings, threatening violators with criminal charges. (AP Photo/Andy Wong)

An exile Tibetan doctor looks as a health worker prepares to administer him COVID-19 vaccine at the Zonal Hospital in Dharmsala, India, Monday, Jan. 18, 2021. India started inoculating health workers Saturday in what is likely the world's largest COVID-19 vaccination campaign, joining the ranks of wealthier nations where the effort is already well underway. (AP Photo/Ashwini Bhatia)

A medical worker collects a swab sample from a woman during coronavirus testing in Petaling Jaya, Malaysia, Monday, Jan. 18, 2021. Malaysian authorities imposed tighter restrictions on movement to try to halt the spread of the coronavirus. (AP Photo/Vincent Thian)

A medical worker collects a swab sample during coronavirus testing in Petaling Jaya, Malaysia, Monday, Jan. 18, 2021. Malaysian authorities imposed tighter restrictions on movement to try to halt the spread of the coronavirus. (AP Photo/Vincent Thian)

Indians wearing face masks as a precaution against coronavirus stand in a queue to receive free food outside a maternity hospital in Hyderabad, India, Monday, Jan. 18, 2021. India started inoculating health workers Saturday in what is likely the world's largest COVID-19 vaccination campaign, joining the ranks of wealthier nations where the effort is already well underway. (AP Photo/Mahesh Kumar A.)

Japanese lawmakers wearing face masks to protect against the spread of the coronavirus attend an ordinary Diet session at the House of Representatives of parliament in Tokyo Monday, Jan. 18, 2021. (AP Photo/Koji Sasahara)

Foreign passengers wearing protective suits line up for their flight to China at Manila's International Airport, Philippines, Monday, Jan. 18, 2021. Coronavirus infections in the Philippines have surged past 500,000 in a new bleak milestone with the government facing criticisms for failing to immediately launch a vaccination program amid a global scramble for COVID-19 vaccines. (AP Photo/Aaron Favila)

A woman gets a shot of the COVID-19 vaccine produced by China’s Sinovac Biotech Ltd. at the Hospital das Clinicas in Sao Paulo, Brazil, Sunday, Jan. 17, 2021. (AP Photo/Carla Carniel)

Travellers arrive at Heathrow Airport in London, Sunday, Jan. 17, 2021. The UK will close all travel corridors from Monday morning to protect against the coronavirus with travellers entering the country from overseas required to have proof of a negative Covid test. (AP Photo/Frank Augstein)

A woman celebrates as she gets her shot of the COVID-19 vaccine produced by China’s Sinovac Biotech Ltd, at the Hospital das Clinicas in Sao Paulo, Brazil, Sunday, Jan. 17, 2021. (AP Photo/Carla Carniel)
BERLIN (AP) —
BERLIN — Swiss authorities say they have placed two hotels under quarantine and ordered all guests and employees to be tested after a new variant of the coronavirus was detected among them in the upscale skiing resort of St. Moritz.
Local authorities said Monday they have also closed down skiing schools, regular schools and kindergartens.
Officials did not reveal the names of the two affected facilities, but Swiss media said both were luxury hotels.
In addition to tests at the hotels, all residents of St. Moritz were being asked to be tested on Tuesday. Authorities ordered all residents to wear protective masks, and asked people to reduce their contacts to prevent the further spread of the virus.
“The health office is concerned,” authorities of the Graubuenden canton said in their statement. “The variant of the virus is clearly more contagious than the one that’s currently predominant globally.”
Swiss media reported that the variant of the virus detected in St. Moritz was the one first found in South Africa.
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THE VIRUS OUTBREAK:
— Japan’s prime minister vows to hold the already postponed Olympics this summer as proof of victory over virus
— Israel trades Pfizer vast troves of medical data for the continued flow of its hard-to-get vaccine
— Brazil approves two coronavirus vaccines, ones by Sinovac and Oxford-AstraZeneca
— China's economy grows in 2020 as it rebounds from virus, likely only major economy to expand
— Britain vows to give all adults 1st shot of the virus by September
— Tennis players find ways to keep fit even during hotel room quarantines in Australia
__Follow all of AP’s pandemic coverage at https://apnews.com/hub/coronavirus-pandemic, https://apnews.com/hub/coronavirus-vaccine and https://apnews.com/UnderstandingtheOutbreak
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HERE’S WHAT ELSE IS HAPPENING:
MOSCOW -- Backers of the Russian COVID-19 vaccine Sputnik V say it has been approved in Turkmenistan, an ex-Soviet nation in Central Asia that hasn’t officially reported any infections so far.
The Russian Direct Investment Fund that bankrolled the development of the shot announced Monday that health officials in Turkmenistan approved Sputnik V “under the emergency use authorization procedure.” It wasn’t immediately clear whether Russia would ship the vaccine to Turkmenistan any time soon.
The vaccine is still undergoing advanced studies among tens of thousands of people needed to ensure its safety and effectiveness. Nevertheless, the shot last month was rolled out in a large-scale vaccination campaign in Russia. It has also received regulatory approval in several other countries, and immunization with Sputnik V has started in Belarus and Argentina.
Turkmenistan, a gas-rich nation of 5.9 million, hasn’t reported any coronavirus infections, but authorities have shut restaurants and non-food stores and recommended that the population wears masks to protect against dust and unspecified infectious agents. However, the British ambassador to the capital, Ashgabat, said last month that he had contracted the virus.
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DUBAI, United Arab Emirates — Dubai-based carrier Emirates says it’s offering coronavirus vaccines to all employees, with priority given to front-line workers such as cabin crew and pilots.
Parent company Emirates Group said Monday that all of its employees across the United Arab Emirates are now able to receive the Pfizer-BioNTech vaccine or the Chinese Sinopharm vaccine, both of which are available to high-risk groups free of charge in the country.
Emirates Group, which employs over 80,000 people, is among the first aviation organizations in the world to launch an inoculation drive for staff.
Dubai’s economy is powered by long-haul travel and aviation, industries hit hard by the coronavirus pandemic. The UAE has rolled out a mass vaccination campaign and ranks second in the world for vaccinations per person, with 19 doses administered for every 100 residents.
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WARSAW, Poland – Some hospitals in Poland have suspended vaccination against COVID-19 after they did not get the expected deliveries of their Pfizer vaccine doses.
A government official monitoring the vaccination process, Michal Dworczyk, said Monday that the latest delivery over the weekend was at least 50% smaller than expected, and the government needs to make changes to the national inoculation schedule that began in late December.
Of some 1.5 million doses Poland has received, the government has secured half for the second jab for those who have received the first portion. The second round of inoculation should be starting this week.
Hospitals in Szczecin region, in the northwest, and in Krakow, in the south, on Monday temporarily halted first vaccinations, saying they have not received the requested doses.
THE HAGUE, Netherlands — Doctors in care homes for the elderly and people with disabilities in the Netherlands have begun vaccinating residents against the coronavirus.
The health ministry said Monday that the care facilities aim to vaccinate 15,000 residents this week.
Health Minister Hugo de Jonge says that with the help of doctors at the care homes “we are now starting to protect our elderly and most vulnerable people. They are the most important group in the vaccination strategy.”
A total of 155,000 residents of care homes are in line to be vaccinated in coming weeks.
The Netherlands began vaccinating people on Jan. 6, the last European Union country to kick off its inoculations. Since then, 75,000 health care workers have been vaccinated.
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PHOENIX -- Exhausted nurses in rural Yuma, Arizona, are regularly sending COVID-19 patients on a long helicopter ride to hospitals in Phoenix when they don’t have enough staff.
The so-called winter lettuce capital of the U.S. also has lagged on coronavirus testing in heavily Hispanic neighborhoods and just ran out of vaccines.
But some support is coming from military nurses and a new wave of free tests for farmworkers and the elderly in Yuma County, which is the hardest-hit county in one of the hardest-hit states. The area’s only acute care hospital has no other facility to turn to nearby as it competes for medical workers nationwide.
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COPENHAGEN, Denmark — Danish police have cracked down on a group of 17 people who were found ice bathing naked in a lake near Roskilde, 40 kilometers (25 miles) west of Copenhagen.
Everyone in the group, aged between 26 and 51, was charged with violating Denmark’s restrictions that forbid the gathering of more than five people in public. Police said they will all receive a fine. First time offenders get fines of 2,500 kroner ($405).
The incident occurred Sunday morning, police said.
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MADISON, Wis. — Wisconsin’s top health official, who has led the state throughout the coronavirus pandemic, is leaving for a job with the U.S. Department of Health and Human Services under President-elect Joe Biden.
Andrea Palm, secretary-designee of the Wisconsin Department of Health Services, has been nominated as deputy secretary of the federal agency.
Palm will work to fulfill Biden’s pledge to expand access to COVID-19 vaccines and speed up the rate of vaccinations.
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TOKYO -- Japanese Prime Minister Yoshihide Suga vowed Monday to get the pandemic under control and hold the already postponed Olympics this summer with ample coronavirus protection.
In a speech opening a new Parliament session, Suga said his government will revise laws to make anti-virus measures enforceable with penalties and compensation. Early in the pandemic, Japan was able to keep its virus caseload manageable with non-binding requests for businesses to close or operate with social distancing and for people to stay home.
But recent weeks have seen several highs in new cases per day.
Japan has confirmed more than 330,000 infections and 4,500 deaths from COVID-19, numbers that have surged recently though they are still far smaller than many other countries of its size.
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COPENHAGEN, Denmark — Norwegian Prime Minister Erna Solberg says Norway could consider introducing a curfew “if the infection gets completely out of control.”
“We still have control over the infection, but we have no guarantees that it will continue to be so,” Solberg told Parliament on Monday.
She said that people in the Scandinavian country “must prepare to live with different degrees of infection control measures until the summer, maybe even longer.”
Norway has reported 58,651 confirmed infections and 521 deaths.
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GENEVA — The head of the World Health Organization says it’s “not right” that younger, healthier adults in rich countries get vaccinated against COVID-19 before older people in poorer countries.
Director-General Tedros Adhanom Ghebreyesus kicked off WHO’s week-long executive board meeting -- virtually from its headquarters in Geneva -- on Monday by lamenting that only 25 vaccine doses have been provided in a single poor country, while over 39 million doses have been administered in nearly 50 richer nations.
“Just 25 doses have been given in one lowest income country -- not 25 million, not 25,000 -- just 25. I need to be blunt,” Tedros said. He did not specify the country.
Tedros, an Ethiopian who goes by his first name, nonetheless hailed the scientific achievement behind rolling out vaccines less than a year after the pandemic erupted in China, where a WHO-backed team has now been deployed to look into origins of the coronavirus.
“Vaccines are the shot in the arm we all need, literally and figuratively,” he said. “But we now face the real danger that even as vaccines bring hope to some, they become another brick in the wall of inequality between the worlds of the world’s haves and have-nots.”
In some of his toughest public words yet against vaccine makers, Tedros again criticized “bilateral deals” between drug companies and countries that hurt the ability of the WHO-backed COVAX program that aims to get vaccines to all countries based on need.
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PARIS — France on Monday began a campaign to inoculate people over 75 against coronavirus, as its death toll rose past 70,000 over the weekend.
There is increasing concern that delays in delivering the Pfizer-BioNTech vaccine might hinder the drive to vaccinate in France and beyond. French authorities have already been criticized for the country's slow pace in delivering shots, especially compared to Britain, Germany and Italy.
French health authorities have been worried over polls showing that the majority of French people are wary of vaccines against COVID 19, so they may have been surprised by the number of people who have signed for shots, reserved for those 75 and older or with a high health risk.
The health agency reported that more than 500,000 appointments scheduled for the first of two shots until Feb.14 have overwhelmed its system. An internet site set up as one other way to make vaccine appointments was receiving up to 20,000 connections a minute, the agency said.
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BRUSSELS — The new variant of COVID-19 first detected in Britain is now starting to gain a foothold in Belgium, officials say, with cases reported several northern schools on top of an outbreak in a nursing home.
“The variant has settled into our country,” pre-eminent virologist Marc Van Ranst told HLN network. “Like in other nations, it is getting traction.”
The town of Houthulst in northwestern Belgium shot up to the top of the country's infection rate with 1,207 cases per 100,000 over the past 14 days after a spike in cases at a nursing home this year left over 100 people infected. Tests showed the new variant was to blame.
In the Antwerp area, two schools reported cases over the weekend and closed Monday for a week due to the new variant. Authorities said students, teachers and their families should all quarantine for ten days.
Belgium has been particularly hard hit by the pandemic, seeing 20,435 confirmed deaths.
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LONDON — Britain is to expand the rollout of its coronavirus vaccine program by offering jabs to those over the age of 70 in areas where those deemed to be the most vulnerable have already received their first dose.
More than 3.8 million people across the U.K. — more than 5% of the population — have already received their first dose of vaccine.
The early phase of the vaccination program has been focused on the most vulnerable groups — those over the age of 80, residents in nursing homes and their carers, and staff in hospitals.
Britain is also opening another 10 mass vaccination centers this week. And a pilot program to provide 24-hour vaccinations will commence in London hospitals by the end of January.
Britain’s vaccines minister, Nadhim Zahawi, said the normal daytime slots work “much more conveniently” for those over the age of 80 but that nighttime appointments may be handier for those in lower age groups.
Britain, which has Europe’s highest virus-related death toll at nearly 90,000, is aiming to have offered a first dose of vaccine to the four groups deemed most vulnerable to COVID-19 by mid-February.
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BERLIN — Frankfurt airport, Germany’s busiest and one of Europe’s main hubs, saw passenger numbers drop to their lowest level in over three decades last year because of the coronavirus pandemic.
Operator Fraport said Monday that the airport handled some 18.8 million passengers in 2020, 73.4% fewer than the previous year. Fraport CEO Stefan Schulte said that “passenger volumes dropped to a level last seen in 1984.”
But he said cargo traffic reached almost at the same level as in 2019, despite the loss of capacity in passenger planes’ holds.
Schulte said that Fraport expects passenger traffic to “rebound noticeably” in this year’s second half as vaccinations lead to the lifting of travel restrictions. But he said it will still be a “difficult year” and passenger numbers in Frankfurt in 2021 are expected to reach only 35 to 45% of the 2019 level.
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BERLIN — Germany’s health minister says the country will step up its monitoring of coronavirus variants amid concern that some mutant version could spread faster or cause more serious illness.
Jens Spahn told reporters in Berlin on Monday that he is ordering laboratories to sequence the genome of 5% of positive samples, or up to 10% if case numbers fall.
Spahn noted that Britain, where one apparently more contagious variant was first detected last year, has a very strong surveillance network.
German officials have expressed worry about the sharp rise in cases seen in Britain and Ireland in recent weeks.
Germany’s disease control agency said there 7,141 newly confirmed cases and 214 deaths in the country over the past day, though numbers reported over the weekend are often incomplete.
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BEIJING — A Chinese province grappling with a spike in coronavirus cases is reinstating tight restrictions on weddings, funerals and other family gatherings, threatening violators with criminal charges.
The notice from the high court in Hebei province did not give specifics, but said all types of social gatherings were now being regulated to prevent further spread of the virus.
Hebei has had one of China’s most serious outbreaks in months and it comes amid measures to curb the further spread during February’s Lunar New Year holiday.
Authorities have called on citizens not to travel, ordered schools closed a week early and conducted testing on a massive scale.
Hebei recorded another 54 cases over the previous 24 hours, the National Health Commission said on Monday, while the northern province of Jilin reported 30 cases and Heilongjiang further north reported seven.
Beijing had two new cases and most buildings and housing compounds now require proof of a negative coronavirus test for entry.
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TEL AVIV, Israel — Israel’s Foreign Ministry says the United Arab Emirates has decided to suspend visa exemptions for Israelis amid surging numbers of coronavirus cases.
The measure will make it harder for Israelis to fly to the UAE, where they have traveled in droves recently. The two countries established ties last year and until recently the UAE was one of the few countries Israelis could travel to without having to self-quarantine for two weeks.
But both countries have seen their coronavirus infections spike in recent weeks, prompting the change in travel requirements.
Dubai has remained open to foreign tourists who came in the tens of thousands to celebrate holidays and New Year’s in the United Arab Emirates, sending coronavirus cases surging to new heights. The UAE has shattered its daily infection record for six consecutive days over the past week.
The Israeli Foreign Ministry said Monday that following the change, entry visas to each country will be required for traveling Emiratis and Israelis until July.
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ISLAMABAD -- Pakistan has started reopening schools in phases after about two months of closure despite a steady increase in infections and fatalities from the coronavirus.
Wearing masks, children entered schools on Monday with smiles on their faces, as teachers welcomed them back to their classes.
To lower the spread of the virus, students are being kept at a distance from each other in classrooms.
Education Minister Shafqat Mahmood wished good luck to students who return to their classes.
Pakistan has reported 10,997 deaths from the coronavirus among 521,211 cases since February, when the first case was detected in the country.
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TEL AVIV, Israel — Israel says it has recorded more than 4,000 coronavirus deaths since the pandemic began as it continues to battle a spiraling outbreak.
The Health Ministry said Monday that 4,005 people have died since the beginning of the pandemic. The grim milestone comes as Israel is in its third nationwide lockdown, with schools, shops, malls and other non-essential businesses closed until at least the end of this week. Daily case numbers have continued to rise despite the lockdown, which was tightened last week and could be extended.
The lockdown comes as Israel has unleashed a rapid vaccination campaign, with some 2 million people, or more than one in five Israelis, already having received the first dose of the vaccine.
The country has identified more than 550,000 total virus cases.
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MANILA, Philippines — Coronavirus infections in the Philippines have surged past 500,000 in a new bleak milestone, with the government facing criticism for failing to immediately launch a vaccination program amid a global scramble for COVID-19 vaccines.
The Department of Health reported 1,895 new infections Sunday, bringing confirmed coronavirus cases in the country to 500,577, the second highest in Southeast Asia.
The Philippines has been negotiating with seven Western and Chinese companies to secure vaccines but the effort has been fraught with uncertainties and confusion.
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BRATISLAVA, Slovakia — Slovakia is launching a project to test almost all citizens for the coronavirus in nine days.
The government hopes the nationwide testing will speed up a recovery from the latest wave of the infections, make it possible for students to return to school in February, help the health system and ease restrictions that harm the economy.
The nationwide testing is set to start Monday and will be completed on Jan. 26. It’s not mandatory, but all people who want to go to work will need to have a negative test for the coronavirus beginning Jan. 27.
Slovakia entered a tough lockdown before Christmas that includes a round-the-clock curfew.
The exceptions include necessary trips to work, to do business or see doctors. People are also allowed to do necessary shopping in the stores that are the closest to their homes.
Close to 3,500 people have died of the virus in the country of 5.4 million.
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RIO DE JANEIRO — Brazil’s health regulator on Sunday approved the urgent use of coronavirus vaccines made by Sinovac and AstraZeneca, enabling Latin America’s largest nation to begin an immunization program that’s been subject to months of delay and political disputes.
Brazil currently has 6 million doses of Sinovac’s CoronaVac vaccine ready to distribute in the next few days, and is awaiting the arrival of another 2 million doses of the vaccine made by AstraZeneca and partner Oxford University.
On Saturday night, the health regulator Anvisa rejected an application for use of a Russian vaccine called Sputnik V, submitted by Brazilian company União Química. Anvisa said it didn’t evaluate the application because it didn’t meet minimum requirements to start an analysis.
Vaccination in Brazil is beginning later than neighbors such as Argentina and Chile despite a robust public health system and decades of experience with immunization campaigns. The process to present and approve the COVID-19 vaccines was fraught with conflict, as allies of President Jair Bolsonaro sought to cast doubt on the efficacy of the Sinovac shot backed by his political rival, Sao Paulo state’s Gov. João Doria.
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WASHINGTON — Incoming White House chief of staff Ron Klain says the coronavirus pandemic will get worse before it gets better, projecting another 100,000 deaths from COVID-19 in the first five weeks of President-elect Joe Biden’s administration.
Speaking to CNN’s “State of the Union,” Klain said Biden was inheriting a dire situation, saying even with vaccines, “It’s going to take a while to turn this around.”
Biden has set a goal of injecting 100 million doses of coronavirus vaccine in his first 100 days in office, a goal Klain said they were on pace to meet.
Klain added he believed there was enough supply of the pair of vaccines currently granted emergency approval to ensure that those who have received their first shot will get the required second.
Companies Mentioned in This Article
Compare These Stocks Add These Stocks to My Watchlist 7 Stocks That Could Provide a Year-End Rally
It’s rough in the markets right now. Underlying the volatility is uncertainty. The VIX Index (INDEXCBOE: VIX) otherwise known as the Fear Index is unofficial, but an eerily accurate predictor of market sentiment. And the VIX is up 30% in the last month.
Is this uncertainty due to concerns over additional lockdown measures? Is it about the lack of additional coronavirus stimulus? Is the market reacting to a surge in jobless claims? Or is this just the somewhat normal volatility that comes in an election year that promises to be like none in American history.
The answer is all of the above and then some. But does that mean you should stay out of equities? I don’t think so. Where are you going to go? The Fed has promised interest rates are going nowhere fast. And that bit of news is weighing down the bond market.
So stocks it is. But although growth-seeking investors may be tempted to look at the tech sector to see what’s on sale today, I suggest taking a more targeted approach. Rather than looking at a single sector, try to look at solid performers in different sectors that may be ready to surge over the last three months.
The pandemic brought the entire market down. But once investors took a breath they found bargains. And if you had the courage to put your money to work in those stocks, you’ve been rewarded.
Times like these call for the same type of courage. And that’s why we’ve put together this special presentation with seven stocks that look ready to surprise investors with nice end-of-year gains.
View the "7 Stocks That Could Provide a Year-End Rally".