Didi Global Plans to Delist from New York, Seek Listing in Hong Kong

Ride-hailing giant Didi Global said Friday it will delist from the New York Stock Exchange and pursue a listing in Hong Kong, succumbing to pressure from Chinese regulators concerned about data security.

It ran afoul of Chinese authorities by pushing ahead with its $4.4 billion U.S. IPO in July despite being asked to put it on hold while a review of its data practices was conducted.

The powerful Cyberspace Administration of China (CAC) then quickly ordered app stores to remove 25 mobile apps operated by Didi and also told the company to stop registering new users, citing national security and the public interest. Didi remains under investigation.

“Following careful research, the company will immediately start delisting on the New York stock exchange and start preparations for listing in Hong Kong,” Didi said on its Twitter-like Weibo account.

It later said in a separate English language statement that its board had approved the move.

“The company will organize a shareholders meeting to vote on the above matter at an appropriate time in the future, following necessary procedures,” it said.

Sources have told Reuters that Chinese regulators pressed Didi’s top executives to devise a plan to delist from the New York Stock Exchange due to concerns about data security.

“Didi’s plan to delist in the United States and the listing of Hong Kong stocks I believe will have an obvious impact on location decisions for large technology stocks’ future listings,” said Kenny Ng, securities strategist at Everbright Sun Hung Kai in Hong Kong.

“At the same time, this event makes the market believe that the current industry supervision of technology stocks in the mainland will continue, and the decline in the stock prices of technology stocks listed in Hong Kong today also reflects this factor.”

Sources have told Reuters that Didi is preparing to relaunch its apps in the country by the end of the year in anticipation that Beijing’s cybersecurity investigation into the company would be wrapped up by then.

The CAC did not immediately respond to a request for comment on Didi’s plans to delist from New York.

Didi made its New York debut on June 30 at $14 per American Depositary Share, which gave the company a valuation of $67.5 billion on a non-diluted basis. Those shares have since slid 44% until Thursday’s close, valuing it at $37.6 billion.

Shares in Didi investor SoftBank Group Corp fell more than 2% after the Didi announcement, also hurt by Southeast Asia ride hailing giant Grab’s slump in its Nasdaq debut.

SoftBank’s Vision Fund owns 21.5% of Didi, followed by Uber Technologies Inc with 12.8%, according to a filing in June by Didi. 

 

 

Multiple Cases of Omicron Variant Detected In New York City

Multiple cases of the omicron coronavirus variant have been detected in New York, health officials said Thursday, including a man who attended an anime convention in Manhattan in late November and tested positive for the variant when he returned home to Minnesota.

In addition to the conventioneer, tests showed five other people recently infected with COVID-19 had the variant, health officials said. They included a person in the city’s Long Island suburbs who had recently traveled to South Africa, residents of Brooklyn and Queens, and another case possibly linked to travel.

“No cause for alarm. We just want to make sure that the public is aware of information when we receive it,” said Governor Kathy Hochul.

New York City Mayor Bill de Blasio said the geographic spread of the positive tests suggested the variant was undergoing “community spread” in the city and wasn’t linked to any one event.

The news came a day after the U.S. announced its first case of the variant had been detected in California, in a person who had recently traveled to South Africa.

Officials reported another case Thursday in a Colorado woman who had recently traveled to southern Africa.

The Anime NYC 2021 convention Nov. 19-21 drew about 50,000 people, according to event organizers, and attendees were required to wear masks and show proof of having received at least one dose of a COVID-19 vaccine.

Officials in New York said they were working to trace attendees of the convention, which was held at the Jacob K. Javits Convention Center as New York City prepared to host the annual Macy’s Thanksgiving Day Parade and braced for throngs of tourists to return after the U.S. opened up to vaccinated international travelers.

Infections were expected

Officials in the city of 8.8 million said they expected it would be only a matter of time before the new variant was reported in the city. City Health Commissioner Dave Chokshi urged people who attended the event to get tested.

“We should assume there is community spread of the variant in our city,” de Blasio said in a statement.

The Minnesota man began experiencing mild symptoms Nov. 22. He had been vaccinated and received a booster shot in early November, according to health officials in his home state. He sought COVID-19 testing Nov. 24, and his symptoms have subsided, officials said.

Minnesota Health Commissioner Jan Malcolm said the man had not traveled outside the U.S. recently.

“Just given the timing … it seems quite possible, perhaps the most likely, that this transmission happened at the arena convention in New York City, but that’s not definitive,” Malcolm said.

Nov. 22 was the same day the person infected in the California case returned to the U.S. from South Africa. The California traveler, who was vaccinated, developed mild symptoms and tested positive Monday.

Much remains unknown about the new variant, including whether it is more contagious, as some health authorities suspect, whether it makes people more seriously ill, and whether it can thwart the vaccine.

Omicron is classified by the World Health Organization as a “variant of concern” as scientists work to determine how it may compare with the predominant delta variant in terms of transmissibility and severity. Scientists also are studying the degree to which existing vaccines and therapies protect against omicron.

Scientists in South Africa first reported it, but the samples came from several countries in southern Africa. And health officials in the Netherlands now say it was found there prior to the South Africa detection.

‘Get vaccinated’

As comfort over air travel returns, it’s inevitable that new variants like omicron will spread from country to country and state to state, said professor Danielle Ompad, an epidemiologist at New York University’s School of Global Public Health.

“We shouldn’t panic, but we should be concerned,” she said.

Hochul said the case involving the Minnesota visitor underlined the need for everyone who is eligible to get vaccinated against COVID-19 or receive a booster shot if they have not already.

“There is one way to address this — New Yorkers, get vaccinated, get boosted, and get ready,” the Democrat said.

Japan’s consul general in New York, Kanji Yamanouchi, delivered the opening remarks at the convention.

A spokesperson for the consulate said Yamanouchi was vaccinated and received a booster shot about three weeks ago. He said staffers at the consulate underwent testing as a precaution.

“He had absolutely no problem in his health condition,” said the consulate’s spokesperson, Kenju Murakami, noting Thursday it had been nearly two weeks.

A website for the convention says that Anime NYC is mounted by Leftfield Media, an event company based in Shelton, Connecticut. A company spokesperson did not immediately respond to an email requesting comment.

Peter Tatara, its founder and event director, referred questions to company spokespeople. He said he had been tested “multiple times” since the event.

New York City Council Ben Kallos, who appeared at the event with the Japanese ambassador, said a rapid antigen test taken Thursday showed he was negative for the virus.

“I can attest to the fact that my vaccine was checked and I got a wristband, and the person who tested positive for omicron was also fully vaccinated,” Kallos said, urging his “fellow anime fans” to get tested. “So it goes to show you, even when you follow all the precautions, we’re still seeing breakthrough cases.” 

Omicron and Vaccines: What You Should Know

Omicron is unlikely to have completely outsmarted the vaccines, experts say, even with its unusual array of mutations. 

There are a lot of unknowns, but they expect that the shots will still do what they do best: Keep people out of the hospital and out of the grave.

Omicron raised alarms when it was first identified during a sharp spike in cases in South Africa. The World Health Organization added it to its list of variants of concern last week.

The virus contains dozens of mutations, including several that are thought to make it more infectious and others that appear to help it evade the immune system.

“But I think it’s still very possible that vaccines will hold up against severe disease, even with those mutations,” said Dr. Carlos del Rio, a professor of medicine at Emory University and president-elect of the Infectious Diseases Society of America.

That’s what has happened with every variant so far. With delta, he noted, “breakthrough” infections among vaccinated people have increased, but those cases are mostly mild.

Omicron seems to be better able than other variants to infect people who have already had COVID-19, according to early data from South Africa. But people with reinfections generally have not been seriously ill.

Experts are recommending boosters for people who can get them. U.S. officials have authorized them for everyone age 18 and older. 

Open questions 

Researchers will have more questions than answers about omicron for the next few weeks while they study the variant. They don’t yet know for sure how the virus stacks up against other variants in terms of how easily it infects or how sick it makes its victims.

Hospitalizations have increased in South Africa during the omicron surge, but it’s not clear if that’s because the virus causes more severe infections or because more people are getting infected. Most of the country is not vaccinated. 

Scientists need to figure out whether the rise in infections is “vaccine failure or failure to vaccinate,” said Dr. Walter Orenstein, associate director of the Emory University Vaccine Center.

“If it’s vaccine failure, is it a problem of time since the last dose and waning immunity?” Orenstein said. 

Though it does not yet seem to be necessary, some companies are working on modifying their vaccines to better protect against the new variant.

Moderna and the Pfizer-BioNTech partners say they can have a new vaccine ready in about three months. Johnson & Johnson says it is working on a new version but did not give a timeline. Oxford University told Reuters news agency that the vaccine it produces with AstraZeneca is still highly effective but that it can quickly update it if necessary. 

Many companies have started developing modified vaccines against previous variants, but none has gone to regulators for approval.

The U.S. Food and Drug Administration says it will not require drugmakers seeking approval for their updated vaccines to go through a process as lengthy as the one for the original versions. Much like with the annual flu vaccine, a few tests for safety and immune response will do. 

 

NASA Astronauts Conduct Previously Postponed Spacewalk

Two astronauts with the U.S. space agency, NASA, left the International Space Station (ISS) Thursday to conduct a spacewalk to replace a broken antenna system, two days after the walk was postponed over concerns about space debris.

NASA astronauts Thomas Marshburn and Kayla Barron stepped out of the ISS airlock early Thursday to replace the faulty antenna, used to communicate voice and data to ground control. The operation was expected to last six-and-a-half hours.

The spacewalk had originally been scheduled for Tuesday but was postponed late Monday after NASA said it had received a notification of space debris that it needed to assess. The space agency said once it determined the debris did not pose a risk, the operation was rescheduled for Thursday.

It was not immediately clear whether the debris field that prompted the spacewalk to be postponed was related to a Russian anti-satellite missile test two weeks ago. That event created a debris field that forced ISS crew members to seek shelter in their escape capsules as a precaution.

Some information for this report came from The Associated Press and Reuters. 

Experts Say Travel Bans Another Blow to Crippled South African Economy

Sudden travel bans imposed on South Africa in the past week over the omicron variant have dealt a blow to an already struggling economy, experts say. The jobless rate is creeping up to affect half the population and the lost tourism this month will have far-reaching impacts beyond the travel sector. Linda Givetash reports from Johannesburg.

US Jobless Benefit Claims Remain at Low Level

First-time claims for U.S. unemployment compensation remained at a low level last week as employers retained their workers and searched for more as the United States continues its economic recovery from the coronavirus pandemic.

The Labor Department said Thursday that 222,000 jobless workers made first-time claims for unemployment compensation, up 28,000 from the revised figure of 194,000 the week before, which was a 52-year low.

Even with the increase in claims last week, the figures from both of the last two weeks were well below the 256,000 total in mid-March 2020 when the pandemic first swept into the country and employers started laying off workers by the hundreds of thousands.  

The declining number of claims for unemployment benefits shows that many employers are hanging on to their workers even as millions have quit jobs to move to other companies offering higher pay and more benefits.  

Many employers are looking for more workers, even as about 7.4 million workers remain unemployed in the United States.

There are 10.4 million available jobs in the country, but the skills of available workers often do not match what employers want, or the job openings are not where the unemployed live. In addition, many of the available jobs are low-wage service positions that the jobless are shunning.  

U.S. employers added 531,000 jobs in October, the biggest monthly gain in three months and the unemployment rate dropped to 4.6%. But the U.S. economy is still short more than four million jobs since February 2020. The November jobs figure is set for release on Friday.

The U.S. economic advance is occurring even as President Joe Biden and Washington policy makers, along with consumers, voice concerns about the biggest increase in consumer prices in three decades and supply chain issues that have curtailed delivery of some products to retail store shelves.

US Seeks Norms for Outer Space After ‘Irresponsible’ Russia Test 

U.S. Vice President Kamala Harris on Wednesday criticized an “irresponsible” Russian test that endangered the International Space Station with debris, and the Biden administration laid out a new strategy for responsible use of space. 

Harris convened the inaugural meeting of the National Space Council and asked members of the government body to promote responsible civil, commercial and national security-related behavior in space, where there are growing commercial interests and concerns about Chinese and Russian competition. 

“Without clear norms for the responsible use of space we stand the real risk of threats to our national and global security,” Harris said. 

She said Russia’s “irresponsible act” of testing anti-satellite technology last month created debris that endangered the International Space Station (ISS). 

U.S. officials have fretted over rising security activity by Washington’s major rivals in space. China’s test of hypersonic weapons this year raised the prospect of an arms race over Earth-orbiting systems that could dodge current missile defenses. 

Meanwhile, a growing number of companies, including SpaceX, Blue Origin and Virgin Galactic, are seeking to usher in a new era of private commercial space flights following years of private firms working alongside the U.S. government’s National Aeronautics and Space Administration (NASA) in rocket launches. 

President Joe Biden also signed an executive order on Wednesday adding the heads of the Education, Labor, Agriculture and Interior Departments as well as his national climate adviser to the National Space Council. 

The administration also wants the group’s work to increase space climate data and enhance scientific-related efforts that could aid job creation and U.S. competitiveness, it said in a statement. 

The National Space Council is separate from the U.S. Space Force military branch created under former President Donald Trump. 

Biden Marks 33rd World AIDS Day With New Commitments

Marking the 33rd annual World AIDS Day on Wednesday, the Biden administration announced it would ramp up its domestic and international efforts to fight the HIV virus, which has killed 36 million people worldwide in four decades.

President Joe Biden also released Wednesday the domestic-focused National HIV-AIDS Strategy, which aims for a 90% reduction in new HIV cases in the U.S. over the next nine years. Currently, about 1.2 million Americans are thought to be living with the virus. The epidemic peaked in the U.S. in the 1980s.

The administration has said that racism that leads to unequal medical care is itself “a public health threat” that needs to be acknowledged in the battle against the virus. 

The president offered two new measures aimed at ending the epidemic in the United States by 2030 and boosting U.S. efforts to end the spread of HIV, the virus that can progress to AIDS, around the world.

“Today, we once more raise a two-story-tall red ribbon from the North Portico of the White House to remember how far we have come,” Biden told an audience of American activists, politicians and medical experts, including AIDS research pioneer Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases. “And the work we have left to finish, so we never forget the prices paid all along the way.” 

Internationally, where the bulk of new infections occur, the U.S. seeks to increase donor funding. On Wednesday, Biden said the U.S. would host the Global Fund to Fight AIDS replenishment conference next year. The U.S. is the fund’s largest donor, contributing about $17 billion to it last year. That’s in addition to a commitment Biden made earlier this year in which he sent $250 million of American Rescue Plan funding to the President’s Emergency Plan for AIDS Relief (PEPFAR), a program established in 2003 by President George W. Bush to combat the disease internationally.

Slow, unequal response 

Still, it’s not clear whether even that infusion of funds will right the ship. The United Nations’ AIDS organization said Wednesday that the global goal to end the epidemic by 2030 has been derailed — and not just by the coronavirus pandemic that upended global health policy and practices.

“Even before the COVID-19 pandemic hit, many of the populations most at risk were not being reached with HIV testing, prevention and care services,” said Tedros Adhanom Ghebreyesus, director-general of the World Health Organization. “The pandemic has made things worse, with the disruption of essential health services and the increased vulnerability of people with HIV to COVID-19. Like COVID-19, we have all the tools to end the AIDS epidemic, if we use them well. This World AIDS Day, we renew our call on all countries to use every tool in the toolbox to narrow inequalities, prevent HIV infections, save lives and end the AIDS epidemic.” 

Tedros has warned that discrimination and inequality are at the root of the epidemic, and that inattention to these problems would lead to 7.7 million AIDS-related deaths in the next 10 years. 

Other critics have knocked Biden for not moving fast enough on his promises to fight HIV. In August, the world’s premier medical journal, The Lancet, published a critique of Biden’s pace in nominating a new leader for PEPFAR. Biden announced his pick for the job, Cameroon-born John Nkengasong, a U.S. citizen who heads the Africa Centers for Disease Control and Prevention, in late September. The Senate received the nomination in mid-October and referred it to the Committee on Foreign Relations, where it remains.

“During his candidacy, U.S. President Joe Biden committed to prioritizing the global AIDS response,” the authors — two American and two African activists — wrote in the medical publication. “This promise has been contradicted by a 6-month delay in nominating an ambassador-at-large to lead PEPFAR, which has functioned without a presidentially appointed health diplomat since Ambassador Deborah L. Birx was detailed to the White House Coronavirus Task Force in February 2020.”

On Wednesday, as he recognized Nkengasong among the crowd gathered at the White House, Biden was hopeful.

“We can do this,” he said. “We can eliminate HIV transmission. We can get the epidemic under control in the United States and in countries around the world. We have a scientific understanding. We have treatments. We have the tools we need. We’re going to engage with people with lived experience with HIV and ensure that our efforts are appropriate and effective and centered around the needs of the HIV community.”

Biden HIV/AIDS Strategy Calls Racism ‘Public Health Threat’

The Biden administration in its new HIV/AIDS strategy calls racism “a public health threat” that must be fully recognized as the world looks to end the epidemic.

The strategy released Wednesday on the annual commemoration of World AIDS Day is meant to serve as a framework for how the administration intends to shape its policies, research, programs and planning over the next three years.

The new strategy asserts that over generations “structural inequities have resulted in racial and ethnic health disparities that are severe, far-reaching, and unacceptable.”

New HIV infections in the U.S. fell about 8% from 2015 to 2019, but Black and Latino communities — particularly gay and bisexual men within those groups — continue to be disproportionately affected, according to Centers for Disease Control and Prevention data.

African Americans make up about 13% of the U.S. population but accounted for more than 40% of new infections. The Latino population accounted for nearly 25% of new infections but makes up about 18.5% of the U.S. population.

Historically, gay and bisexual men have been the most disproportionately affected group. They account for about 66% of new HIV infections, even though they account for only 2% of the population, according to the CDC. In 2019, 26% of new HIV infections were among Black gay and bisexual men, 23% among Latino gay and bisexual men, and 45% among gay and bisexual men under the age of 35.

To reduce the disparities, the strategy includes calls for focusing on the needs of disproportionately affected populations, supporting racial justice, combating HIV-related stigma and discrimination and providing leadership and employment opportunities for people with or at risk for HIV.

Besides addressing racism’s impact on Americans battling the virus or at risk of contracting it, the new strategy also puts greater emphasis on harm reduction and syringe service programs, encourages reform of state laws that criminalize behavior of people with HIV for potentially exposing others and adds focus on the needs of the growing population of people with HIV who are aging.

More than 36 million people worldwide, including 700,000 in the U.S., have died from AIDS-related illnesses since the start of the epidemic more than 40 years ago. Nearly 38 million people are living with HIV, including 1.2 million in the U.S.

President Joe Biden’s administration recently announced it will host the Global Fund to Fight AIDS replenishment conference next year. The United States has contributed about $17 billion to the fund, about a third of all donor contributions.

A giant red ribbon, a symbol of support for people living with HIV, was also displayed on the North Portico of the White House to mark World AIDS day. The two-story ribbon display has become an annual tradition at the White House since 2007.

“Honored to continue this tradition on #WorldAidsDay, remembering the lives lost to HIV/AIDS and supporting those living with the virus across the world,” first lady Jill Biden said in a Twitter posting that included a photo of her posing in front of the ribbon display. 

Myanmar’s Coup Economy Is ‘Boom and Bust’ 

Myanmar’s economy is crumbling and experts predict more illegal trade and zero growth in 2022. 

The Southeast Asian country’s economy has been in rapid decline following the chaos of February’s military coup. Thousands of citizens have gone on strike, refusing to work under military rule, including healthcare workers, lawyers, teachers and engineers. 

Days after the coup took place nine months ago, the Civil Disobedience Movement (CDM), was formed. It is a large-scale labor strike campaign with a mission to resist the junta by denting the military-controlled economy. 

Shortly after the movement began, Myanmar’s bankers joined and refused to go to work. That prompted cash flow problems for the population and businesses, but also the military.

As the year has gone on, any military-owned or affiliated businesses faced large boycotts. Global brands have halted orders with Myanmar’s manufacturing industry, while Chinese-made products have been boycotted amid allegations that China supports Myanmar’s military junta. Beijing had blocked a U.N. Security Council statement condemning the coup. 

Fearing for their lives, thousands of workers fled their rural homes because of the increased fighting between national soldiers and opposition groups. Factories and businesses have also closed, leading to increasing unemployment and lost income. 

Gwen Robinson, an editor at Nikkei Asia, sponsored an event hosted by the Foreign Correspondent’s Club of Thailand (FCCT) in Bangkok in November, that outlined some of the economic woes in Myanmar.

“It’s clear we are seeing both boom and bust in Myanmar right now. There is a booming illicit economy… and there are growing perceptions of a collapsing licit or domestic open economy,” she said. 

With a continuing crackdown, Myanmar’s military enterprises have faced heavy trade sanctions by the U.S., Britain and the European Union. It’s put pressure on military leadership. 

“General Min Aung Hlaing [has spoken of] increased self-reliance, urged people use less fuel, increase use of public transport and walking, consume less edible oil, reduce imports and consume less rice. There is a creeping paranoia by the junta that the economy is crumbling around them, and seem powerless to stop the rot,” Robinson said. 

Myanmar’s agricultural, marine, mineral and manufactured exports have slowed, while raw materials and investment imports have also been in decline since 2020. Myanmar business registrations also have fallen by 44% this year, while there have been rapid changes in the valuation of Myanmar’s currency, the kyat, against the U.S. dollar in recent months, Robinson’s researched outlined. 

A report by the International Labor Organization (ILO) states there were 1.2 million job losses in the second quarter of 2021. All sectors of Myanmar’s economy were affected, with the tourist, hospitality, construction and garment sectors hit the worst. 

But the sliding economy has been apparent since the beginning of last year’s COVID-19 pandemic, Robinson said. 

“The economy was beginning to collapse well before the coup due to these very harsh lockdowns that closed businesses and choked the economy. The resurgence of COVID-19 has hit the economy,” she added. 

Myanmar has a population of nearly 55 million. About 25% of the population is fully vaccinated against COVID-19. Since the pandemic began, the country has recorded more than 522,000 cases and 19,000 deaths, according to Johns Hopkins University data. 

In July the World Bank had forecasted Myanmar’s legitimate economy would decline by 18% in 2021. Fitch Solutions, a U.S. credit rating agency, has revised its growth forecast for Myanmar for 2022 by predicting there will be a -4.4% contraction.

Political analyst Aung Thu Nyein believes any positive recovery of Myanmar’s economy is unlikely. 

“Other neighboring countries show a sign of recovery from the COVID-19 crisis. I don’t see a sign of recovery in the coming year for the Myanmar economy. It is very likely to go back to the status of “the last frontier in Asia” as some people claimed Myanmar in its initial opening in 2012. There seems no potential credible investment in 2022,” he told VOA. 

The analyst admitted that a little growth in trade could be possible because borders are expected to open with China and Russia continuing to supply equipment to the military. 

But Jeremy Douglas, the Regional Representative for the United Nations Office on Drugs and Crime, said as the legitimate economy declines, the illicit drug trade among crime groups is growing. 

Also speaking at the FCCT event on November 17, Douglas said the illicit economy, including heroin and methamphetamines, is “diverse.” 

“The synthetic drug economy has proven its ability to expand very fast, so it really ramped up. This is against the background of the conditions on the ground, and these conditions are perfect for these folks to do this business, to grow that illicit economy as the licit declines,” he said. 

Douglas said Myanmar’s Shan state is a production point for illegal drugs being distributed across the Asia Pacific region and added as the market economy declines in Myanmar, those out of work are being lured to work within the drug trade. 

“It is a huge economy already, pre the coup, even after COVID-19, it continued to expand. As the transport connections start expanding, you’re going to see more connection to those markets and the push from supply go further and further from the point of production, which is a concern,” he added. 

Myanmar, formerly known as Burma, gained independence in 1948 from Britain but most of its modern history has been governed under military rule. 

In the November 2020 general elections, Aung San Suu Kyi’s democratic government won convincingly, but the military contested the results, claiming widespread electoral fraud without evidence. On February 1, the military removed the government, while arresting Suu Kyi and President Win Myint, who both face mounting criminal charges. 

Anti-coup demonstrations began shortly after, with thousands taking to the streets. But the military has violently cracked down on dissidents, with at least 1,300 killed, according to the Assistance Association for Political Prisoners (AAPP).

EU Leaders Consider Mandatory Vaccinations to Fight Omicron Variant

European Union leaders said Wednesday they are considering a number of public health options, including vaccine mandates, to address the growing threat posed by the omicron variant of the virus that causes COVID-19. 

Speaking to reporters in Brussels, European Commission President Ursula von der Leyen said little is currently known about the variant, but enough is known to be concerned. She said they expect scientists to have a handle on the nature of the variant in about two to three weeks, but in the meantime are hoping for the best and preparing for the worst. 

Von der Leyen said the best use of that time is to get more people vaccinated, and those who are inoculated should get booster shots. She said more than one-third of the European population — 150 million people — are not vaccinated.

The European Commission president said that while not everyone can be vaccinated, the majority of people can.

“This needs discussion. This needs a common approach, but it is a discussion that I think has to be had,” she said. 

Von der Leyen said Pfizer-BioNTech has indicated it can accelerate the production and distribution of its children’s vaccine, which will be available to European children beginning December 13.

She also said Pfizer and Moderna are set to deliver 360 million more doses of their vaccines by the end of March 2022, and that boosters are available to those who received their initial shots. 

The commission also urged EU members to commit to a day-by-day review of travel restrictions and a readiness to impose all necessary controls, including decisive action, if clusters of the omicron variant are found. 

Some information for this report was provided by The Associated Press, Reuters, and Agence France-Presse. 

 

WHO Works Toward International Pact on Pandemic Prevention 

The World Health Organization (WHO) Wednesday began a lengthy process to develop an international agreement on the prevention and control of future pandemics.

The WHO’s World Health Assembly – the organization’s decision-making body – approved the effort at the end of a rare, three-day special session at the organization’s headquarters in Geneva. The plan, entitled “The World Together,” was created as the world is facing the new omicron variant of coronavirus. 

WHO Director-General Tedros Adhanom Ghebreyesus praised the decision, saying the pandemic has exposed shortcomings in the application and implementation of international health regulations established by the WHO in 2005.

The agreement would establish international standards on issues ranging from data sharing and genome sequencing of emerging viruses to equitable distribution of vaccine and drugs. 

Wednesday’s decision begins the process of drafting and negotiating the agreement, which is not expected to be completed until May 2024.

The European Union (EU) had pushed for the agreement on an international legally binding treaty, along with about 70 countries, but Brazil, India and the United States were among those reluctant to commit to a treaty, diplomats said. 

More than 262.22 million people have been reported infected with SARS-CoV-2, the virus responsible for COVID-19, and 5.46 million people have died of it since it emerged in China in December 2019. 

 

Some information for this report was provided by The Associated Press and Reuters. 

Supply Chain Snarls Delay US Exports to Asia’s Consumers

Supply-chain snarls continue to delay imports from Asia. And those delays are mirrored for exporters shipping goods to Asia. Titi Tran reports from Southern California.

Factories Facing Supply Headaches as Omicron Risks Emerge

Global factory activity accelerated in November although crippling supply bottlenecks remained, putting a cap on output and driving up the cost of raw materials, according to surveys published on Wednesday.

Towards the end of the month, the newly-detected Omicron coronavirus variant emerged as a fresh worry for policymakers, who are already trying to pilot recovering economies and tamp-down inflation.

The November surveys likely did not reflect the spread of the variant, which could add further pressure on pandemic-disrupted supply chains, with many countries imposing fresh border controls to seal themselves off.

“The Omicron variant…could be a game-changer: shortages of inputs and labor would worsen for manufacturers if Britain and other countries went into another lockdown,” said Samuel Tombs at Pantheon Macroeconomics.

IHS Markit’s final manufacturing Purchasing Managers’ Index (PMI) for the euro zone nevertheless nudged up to 58.4 in November from October’s 58.3, shy of an initial 58.6 “flash” estimate but still comfortably above the 50 mark separating growth from contraction.

Supply chain issues have made it a sellers’ market for raw materials and the input prices index was only just below October’s record high and factories in the region passed on the rising costs to customers at the fastest rate in the survey’s history.

That suggests overall inflation in the bloc, which preliminary official data showed on Tuesday was a record high 4.9% last month, will continue to overshoot the European Central Bank’s 2.0% target putting pressure on the bank to act.

In Britain, outside the European Union and euro zone, more manufacturers than at any point in the last 30 years reported rising costs last month, underlining pressure on the Bank of England to raise interest rates.

The BoE will be the first major central bank to raise interest rates, possibly as soon as this month, a November Reuters poll predicted.

U.S. central bankers will discuss in December whether to end their bond purchases a few months earlier than had been anticipated, Federal Reserve Chair Jerome Powell said on Tuesday, leading to a sharp move higher in shorter-dated Treasury yields. 

China breaks

China’s factory activity fell back into contraction in November, the private Caixin/Markit Manufacturing PMI showed, as soft demand and elevated prices hurt manufacturers.

The findings from the private-sector survey, which focuses more on small firms in coastal regions, stood in contrast with those in China’s official PMI on Tuesday that showed manufacturing activity unexpectedly rose in November, albeit at a very modest pace.

“Relaxing constraints on the supply side, especially the easing of the power crunch, quickened the pace of production recovery,” said Wang Zhe, senior economist at Caixin Insight Group, in a statement accompanying the data release.

“But demand was relatively weak, suppressed by the COVID-19 epidemic and rising product prices.”

Beyond China, however, factory activity seemed to be on the mend with PMIs showing expansion in countries ranging from Japan, South Korea, India, Vietnam and the Philippines.

Japan’s PMI rose to a near four-year high while in South Korea’s the PMI edged up.

India’s manufacturing activity grew at the fastest pace in 10 months in November, buoyed by a strong pick-up in demand. Taiwan’s manufacturing activity continued to expand and it was a similar picture in Indonesia.

Nigeria Detects First Case of Omicron Variant from October

Nigeria has detected its first case of the omicron coronavirus variant in a sample it collected in October, weeks before South Africa alerted the world about the variant last week, the country’s national public health institute said Wednesday.

It is the first West African country that has recorded the omicron variant since scientists in southern Africa detected and reported it and adds to a list of nearly 20 countries where the variant has been recorded, triggering travel bans across the world. 

Genomic sequencing of positive cases of COVID-19 in Nigeria identified two cases of the omicron variant among travelers from South Africa, the Nigeria Center for Disease Control said in a statement issued by its director-general.

The two unidentified travelers arrived in the West African country last week, but the variant has also been confirmed in cases in Nigeria prior to their arrival.

“Retrospective sequencing of the previously confirmed cases among travelers to Nigeria also identified the omicron variant among the sample collected in October 2021,” Nigeria CDC director-general Dr. Ifedayo Adetifa said.

Much remains unknown about the new variant, including whether it is more contagious, as some health authorities suspect, whether it makes people more seriously ill, and if it can thwart the vaccine.

The Nigeria CDC urged the country’s states and the general public to be on alert and called for improved testing amid concerns that Nigeria’s low testing capacity might become its biggest challenge in the face of the new variant.

Testing for the virus is low in many states and even in the nation’s capital, Abuja. For instance, in parts of Kuje, a suburb of Abuja, Musa Ahmed, a public health official, told The Associated Press that no one has been tested for the virus for weeks.

The detection of the omicron variant in Africa’s most populous nation, with 206 million people, coincides with Nigeria’s new requirement that all federal government employees must be inoculated or present a negative COVID-19 test result done in the last 72 hours. 

With the vaccine mandate taking effect on Wednesday, there were chaotic scenes at several offices in the nation’s capital as civil servants without a vaccination card or a negative PCR test were turned away by security agents.

Many of the workers and security agents were not wearing face masks.

“Governments should invest in promoting narratives around vaccine safety, efficacy, and the broader public health security implications of poor vaccines uptake,” Adewunmi Emoruwa, lead strategist at Gatefield, an Abuja-based consultancy. “If public servants are convinced about these issues, they are naturally more effective advocates to their constituents.”

Across Nigeria, the news of the omicron variant — which the World Health Organization has warned poses “very high” risk — has triggered concerns and renewed fears over the COVID-19 pandemic.

At the airport in Lagos, Nigeria’s largest city and economic hub, authorities insisted that travelers must wear their face masks at the counters, though not much attention is paid to many others flouting health protocols around the airport premises and in the city. 

Nigeria — with 214,218 confirmed infections including nearly 3,000 deaths — has updated its travel advisory, ordering incoming international travelers to have a PCR test 48 hours before embarking on their trip to the country and two more tests, two days and seven days after arrival. Incoming international arrivals must also isolate for seven days.

Amid global concern over the omicron variant, the Nigeria CDC director-general told reporters that the country remains at alert in the face of the emerging crisis.

“We are working very hard to enhance ongoing surveillance, especially for inbound travelers, and also trying to ramp up testing (including) at the land borders,” he said.

A slew of nations moved to ban travels from many countries especially southern African nations in the aftermath of the emergence of the omicron variant. But the move has been widely condemned by many including South Africa President Cyril Ramaphosa, who is currently in Nigeria on a two-day visit.

Today’s HIV Patients Have More Treatment Options

On December 1, many mark World AIDS Day to show support for those living with HIV and to commemorate those who have died from an AIDS-related illness. Treatments have come a long way for those infected with HIV, but a cure is still elusive. VOA’s Laurel Bowman has our story.

Tel Aviv Ranked World’s Priciest City for First Time

Tel Aviv is the world’s most expensive city to live in as soaring inflation has pushed up living costs globally, according to a survey published Wednesday.

The Israeli city climbed five rungs to score top place for the first time in the authoritative ranking compiled by the Economist Intelligence Unit (EIU). 

The Worldwide Cost of Living Index is compiled by comparing prices in U.S. dollars for goods and services in 173 cities.

Tel Aviv climbed the rankings partly due to the strength of the national currency, the shekel, against the dollar, as well increases in prices for transport and groceries. 

Paris and Singapore came in tied for second, followed by Zurich and Hong Kong. New York City was in sixth place, with Geneva in seventh. 

Rounding off the top 10 were Copenhagen in eighth, Los Angeles in ninth and Osaka, Japan, in 10th place. 

Last year, the survey put Paris, Zurich and Hong Kong in a tie for first place. 

This year’s figures were collected in August and September as prices for freight and commodities rose and show that on average prices rose 3.5% in local currency terms – the fastest inflation rate recorded over the past five years.

Social restrictions due to the coronavirus pandemic “have disrupted the supply of goods, leading to shortages and higher prices,” said Upasana Dutt, head of worldwide cost of living at the EIU.

“We can clearly see the impact in this year’s index, with the rise in petrol prices particularly stark,” she said, while central banks are expected to raise interest rates cautiously, reducing inflation. 

The average inflation figure does not include four cities with exceptionally high rates: Caracas, Damascus, Buenos Aires and Tehran. 

The Iranian capital rose from 79th to 29th place in the ranking as U.S. sanctions have pushed up prices and caused shortages. 

Damascus was ranked the world’s least expensive city to live in. 

 

Space Junk Forces Spacewalk Delay, Too Risky for Astronauts 

NASA called off a spacewalk Tuesday because of menacing space junk that could puncture an astronaut’s suit or damage the International Space Station. 

Two U.S. astronauts were set to replace a bad antenna outside of the space station. But late Monday night, Mission Control learned that a piece of orbiting debris might come dangerously close. There wasn’t enough time to assess the threat so station managers delayed the spacewalk until Thursday. 

It’s the first time a spacewalk has been canceled because of threat from space junk. 

The space station and its crew of seven have been at increased risk from space junk since Russia destroyed a satellite in a missile test two weeks ago. 

It wasn’t immediately clear whether the object of concern was part of the Russian satellite wreckage. During a news conference Monday, NASA officials said the November 15 missile test resulted in at least 1,700 satellite pieces big enough to track, and thousands more too small to be observed from the ground but still able to pierce a spacewalker’s suit. 

NASA officials said astronauts Tom Marshburn and Kayla Barron faced a 7% greater risk of a spacewalk puncture because of the Russian-generated debris. But they said it was still within acceptable limits based on previous experience. 

Marshburn and Barron arrived at the space station earlier this month. 

Illegal Child Labor Growing After 20-Year Downward Trend, UN Reports

An estimated 16.6 million children in sub-Saharan Africa alone are forced into illegal labor, according to the U.N. And despite being outlawed, advocates say child labor is on the rise. Globally, 1 in 10 children are now believed to be involved in some form of child labor. In this report from southern Burkina Faso, reporter Henry Wilkins looks at why child labor is such a persistent problem.

Camera: Henry Wilkins