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One picture explains why Americans face a ban on traveling to the EU

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EU excludes US citizens from visiting amid pandemic

The European Union has officially approved a series of recommendations for tourist citizenship that must be allowed to enter its borders, effective July 1 – and the US is not included.

And while US Secretary of State Mike Pompeo stressed “importance“Reconnecting the US and EU during the coronavirus pandemic, one graph shows exactly why European countries do not allow Americans.

The two curves clearly show the European Union and the US heading in the opposite direction in dealing with the Covid-19 outbreak. New confirmed daily cases in the EU peaked around mid-March and are in a clear downward trend, with cases under 10,000 for more than a month. In the US, new cases are on steep upward trajectories.

Many European countries did a tight lock in advance, and EU countries have done it reopening gradually and cautiously because the number of their cases decreased.
Health expert has repeatedly warned that several states in the US reopened too quickly, while government officials said US President Donald Trump and his aides were “in denial“About the seriousness of a pandemic.
More than a dozen countries have now paused or roll back their reopening plans because the US saw a surge in coronavirus cases.
The US has recorded more cases and deaths than anywhere in the world, nearly 2.6 million cases and more than 126,000 deaths, according to figures from Johns Hopkins University. Brazil, Russia and India – the three countries with the most cases after the US – were also removed from the EU list of safe countries.

The decision is based on whether a country has a similar or better epidemiological situation than Europe, and comparable hygiene and detention measures.

The EU recommends that member states offer entry to China, where the virus originates, on condition that reciprocal arrangements. The other 14 countries are: Algeria, Australia, Canada, Georgia, Japan, Montenegro, Morocco, New Zealand, Rwanda, Serbia, South Korea, Thailand, Tunisia, Uruguay.

Data for the US shows that there are at least new cases 36 countries upward trend compared to the previous week. State and local leaders say the increase in cases is partly driven by meetings in homes and meeting places such as bars.
In Texas and parts of California, bars are directed to be closed again, while beaches in Miami, Fort Lauderdale and Palm Beach are ordered out of bounds for the public during the upcoming weekend holidays. In Florida, on-site alcohol consumption is suspended at bars throughout the state and at Arizona, many businesses close for at least 30 days.

New York Governor Andrew Cuomo announced on Monday that the state would decide this weekend whether to slow the reopening of indoor dining in New York City because it had “been proven to pose a risk in other countries.”

While Europe seems to be going through the worst – at least for now – there have been several surges in the case. In German, authorities were forced to quarantine 360,000 people this week after an outbreak in a meat factory in the state of North-Rhine Westphalia.
School and shop in the city of Jakarta Leicester in the UK – countries leaving the EU – will be closed again due to some coronavirus restrictions being reinstated because the infection rate is three times higher than the next highest local area.

Despite this revival, the EU is in a position to gradually enable the reopening of its borders to other countries.

But for now, US in no way meet the criteria.

Christina Maxouris from CNN contributed a report.

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China will sanction Lockheed Martin about arms product sales to Taiwan

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China will sanction Lockheed Martin over arms sales to Taiwan

“China firmly opposes US arms gross sales to Taiwan,” Foreign Ministry spokesman Zhao Lijian stated at a press meeting. Taiwan is a self-dominated island, but China has long vowed to unify it with the mainland.

The United States is a person of Taiwan’s primary arms suppliers. The US Condition Division last 7 days accredited a ask for by Taiwan to improve its Patriot Area-to-Air missiles at an approximated cost of $620 million, in accordance to Taiwan’s state-run Central Information Company.

In response, China is imposing “sanctions on the most important contractor of this arms sale, Lockheed Martin,” Zhao stated, devoid of heading into depth. The United States should “quit selling arms to Taiwan and slice its armed service ties to Taiwan, so it won’t do even further harm to bilateral relations in between China and the United States,” he extra.

Relations involving the world’s best two economies were by now approaching new lows.

After tightening sanctions on Huawei, Washington has threatened in modern weeks to ban more of China’s largest tech firms. Beijing has sanctioned US officers and lawmakers and explained to the United States to give up interfering in China’s international affairs. Meanwhile, there is rising criticism from the United States and other Western nations around the world more than Beijing’s crackdown on Hong Kong and China’s early dealing with of the coronavirus pandemic.
Offering arms to Taiwan “exhibits the US is advancing its programs to have the Chinese mainland irrespective of the issues it has with dealing with the coronavirus at residence, and it will direct to much more chaos and complexity to the area as a substitute of peace and security,” China’s point out operate tabloid the International Moments documented past week.
Following controversial national security law, TikTok is leaving Hong Kong

The arms sale is “symbolic, and only offers Taiwan secessionists untrue bravery, somewhat than boosts its army abilities,” Yang Chengjun, a Chinese specialist on missile engineering and nuclear strategy, instructed the newspaper.

Lockheed Martin did not instantly answer to a ask for for comment.

It is unclear how Chinese sanctions would influence the company’s enterprise. Lockheed Martin reported in a new submitting that missiles and firearms will account for a lot less than 20% of the firm’s estimated profits for 2020. It would make far more than two times as substantially earnings from aeronautics, which includes sales of the company’s F-35 fighter jets.

Beijing could prohibit Chinese companies from providing key technologies to Lockheed Martin, which would be similar to limits Washington has placed on Huawei. Very last year, Sky News documented that a Chinese-owned firm manufactures circuit boards for F-35 jets. Lockheed Martin instructed the British broadcaster at the time that it was not aware of any other Chinese-owned F-35 suppliers.

— CNN’s Isaac Yee contributed to this report.

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This is the most crowded trade ever, fund administrators say

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This is the most crowded trade ever, fund managers say

The logos of cell applications Instagram, Snapchat, Twitter, Fb, Google and Messenger shown on a tablet gadget.


denis charlet/Agence France-Presse/Getty Visuals

Fund managers states the know-how trade has in no way been additional crowded. But that hasn’t retained them from also betting massive on the sector.

Financial institution of America’s month to month fund manager survey finds 74% say prolonged U.S. tech shares is the most “crowded trade.” That is the highest reading considering that the query started off staying asked in Dec. 2013.

Crowded or not, they are nonetheless overweight the tech sector, alongside with the pharmaceutical sector. The tech-weighty Nasdaq Composite
COMP,
-2.13%

has noticed 27 report finishes this yr.

What could unwind the tech trade? A coronavirus vaccine, say the fund administrators.

Linked: Large Tech’s most recent reckoning is coming as it continues to rack up document valuations

The study also finds dollars degrees rose to 4.9% from 4.7%. That warning reveals up elsewhere — just 14% say the economic recovery will be “V”-shaped compared to 44% expecting a “U,” and 30% a “W” shaped restoration. In addition, 62% of buyers want corporations to improve balance sheets, compared to just 27% wanting increased funds expenditure, and only 9% contacting for bigger dividends and inventory buybacks.

The study also uncovered the allocation to commodities now at the optimum considering that July 201,1 and that there was a significant bounce in European fairness publicity. European leaders are because of to satisfy this 7 days to discuss the €750 billion European Union rescue fund proposal.

Bank of America’s strategists are expecting a choppy summer, and they say to acquire when the S&P 500
SPX,
-.93%

is under 2,950 and provide when it is over 3,250. The S&P 500 ended Monday at 3155.22.

The survey, performed amongst July 2 and 9, was of 210 members running $607 billion in assets.

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Doing work from household can shortly suggest doing the job in Barbados for up to a yr

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Working from home can soon mean working in Barbados for up to a year
Primary Minister Mia Amor Mottley introduced at the reopening of a bar that the government will quickly introduce a 12-thirty day period Barbados Welcome Stamp for readers functioning remotely, the governing administration information and facts assistance explained before this thirty day period.

Speedy tests is not easily offered for the nation in the coronavirus pandemic, which has designed brief-term journey to Barbados far more difficult, Mottley explained. The 12 months-extended invitation is Barbados’ solution to the economic challenges travel firms and tourist destinations are struggling with as folks all more than the environment are inspired to keep household and mitigate the virus’ unfold.

Mottley hopes industries throughout the region will become included in welcoming extended-expression travelers.

“You you should not need to work in Europe, or the US or Latin The united states if you can occur below and perform for a pair months at a time go back again and arrive again,” Mottley stated. “But in order for those factors to genuinely resonate, what does it mean? It means that what we present has to be entire world-course and what we keep on to give is earth-course.”

Nevertheless bit by bit and cautiously, some Caribbean Islands have begun reopening their borders for global readers this thirty day period.

Barbados began to reopen its borders July 12, but constraints are in put to avert from tourists bringing the virus back again into the country.

“On arrival in Barbados, vacationers will be needed to current proof of a adverse end result of a PCR Covid-19 check and bar code to crystal clear immigration,” a press release from Barbados Tourism Advertising and marketing, Inc. mentioned.

American Airways, one particular of the major carriers to the Caribbean, resumed its provider among Miami and Antigua in early June.

The nation of almost 300,000 has begun to rest steps within its borders, such as physical distancing of 3 ft, social occasions with up to 500 patrons, and sporting events with spectators. Barbados has reported 103 coronavirus cases given that the pandemic started, in accordance to data from Johns Hopkins College.

CNN’s Shivani Vora contributed to this report.

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