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Virus variants threaten global recovery, G20 warns

Differences in vaccination levels between the world’s rich and poor remain vast.

WHO Director-General Tedros Adhanom Ghebreyesus has called the divergence a “moral outrage” that also undermines wider efforts to tame the spread of the virus.While some of the wealthiest countries have now given over two-thirds of their citizens at least one shot of vaccine, that figure falls to well below 5% for many African nations.

Domestic air traffic to decline by 41-46% in FY21 due to Covid-19: Icra

“As per our study, though restricted recommencement of domestic air traffic has begun, this will in no case help the industry to recover the lost ground in FY2021. However, H2 FY2021 will witness some recovery, with Q4 FY2021 witnessing a degrowth of just 3-14 per cent y-o-y in domestic with improved passenger load factors (PLFs),” ratings agency Icra said in the report.

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Global coronavirus cases rise to more than 11 million

The United States reported more than 55,400 new COVID-19 cases on Thursday, a new daily global record as infections rose in a majority of states. Several U.S. governors halted plans to reopen their state economies in the face of a surge in cases.

Almost a quarter of the known global deaths have occurred in the United States – nearly 129,000. A recent surge in cases has put President Donald Trump’s handling of the crisis under a microscope and led several governors to halt plans to reopen their states after strict lockdowns.

Latin America, where Brazil has 1.5 million cases, makes up 23% of the global total of people infected. India has become the new epicenter in Asia, rising to 625,000 cases.

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Domestic airlines need $3-3.5 bn funding amid subdued travel demand: CAPA

‘Discretionary travel has been limited as reflected in the fact that more than 90 per cent of bookings have been for one-way travel, compared with 40 per cent prior to Covid-19,” the report stated.

The pent-up demand for traffic has proven to be less than expected, largely due to inconsistent and confusing state-wise quarantine requirements, which have regularly changed, the report said, adding that with the number of daily new Covid-19 cases in India accelerating, consumer confidence is weakening.

Traffic in metros has been impacted more significantly than non-metro traffic, primarily because metros have seen the largest outbreaks of the disease and are considered to be higher risk, said the report.

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Wimbledon and other events left more exposed to COVID-19 risk as insurers withdraw pandemic cover: GlobalData

That an event as high-profile as Wimbledon can’t renew its policy suggests it is unlikely that any major event in the UK will be able to have pandemic cover for business interruption in the immediate future, and going ahead with events before a vaccine is rolled out is extremely risky.

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