It seems like the economic battles between the United States and China are far from over.
China has recently suspended imports of poultry products from Tyson Inc, an Arkansas-based meat processing plant that has experienced over 220 cases of COVID-19.
According to China’s General Administration of Customs website, the action was necessary after confirmation of a cluster of coronavirus cases at the plant.
Tyson’s spokesman Gary Mickelson said, ’It is important to note that the World Health Organization, the Centers for Disease Control & Prevention, USDA and the US Food & Drug Administration agree that there is no evidence to support the transmission of COVID-19 associated with food.’
Last week, China also suspended pork products imports from German Processor Toennies. In light of this, maybe China is just concerned about its citizens and not engaged in an economic war with the U.S., right?
Delhi to Transform 25 Luxury Hotels Into Coronavirus Care Facilities
A true sign that we are living in unusual times. You are now more likely to be welcomed with a medical gown than an exotic drink in one of Delhi’s luxury hotels.
Amid growing fears that there are limited hospital beds to handle the spike in cases, the Delhi government is requisitioning its hotels.
From this week, 25 hotels will be transformed into COVID-19 care facilities for patients exhibiting mild to moderate symptoms.
Perhaps as a testament to how overwhelmed medical personnel have become, hotel staff are undergoing training in the event they have to help in caring for patients.
What do you think about the prospect of hotel staff adding medical skill to their hospitality expertise? Reply to us and let us know your thoughts.
Good News for Asian Shares and US Stock Futures
On Monday, Asian shares held flat even as U.S. stocks futures eliminated losses.
This comes as global markets are attempting to shake off a spike of COVID-19 cases that could affect a fast financial rebound following the economic upheaval recently experienced.
S&P 500 futures climbed 0.4% after erasing the earlier 1.05% losses, while Japan’s Nikkei made gains of 0.1%, a recovery from previous losses.
Outside Japan, MSCI’s broadest index of Asia-Pacific stocks was nearly flat as mainland Chinese shares rose 0.3% to a three-and-a-half month high.
After experiencing a brutal sell-off early in the year, stock
prices have climbed worldwide in the last three months, probably assisted by
the massive economic stimulus plans initiated globally and hopes of an end to
Even with all the challenges, don’t you think that the market has been surprisingly resilient?
China and EU Aim to Cool Tensions Through Video Summit
On Monday, the European Union and China will have a video summit, their first official talks since relations soured over the EU’s accusations regarding China’s disinformation on COVID-19.
The video conference will involve Chinese President Xi Jinping, Premier Li Keqiang, European Council President Charles Michel, and European Commission President Ursula von der Leyen.
In the virtual meeting, both sides will seek to ease tensions even as accusations still hang over the summit.
According to a senior official involved in preparing for the event, ‘We are ready to work with China. But we also expect China to assume its responsibilities as one of the world’s largest economies. The pandemic has heightened some (EU) concerns.’
Interestingly, European Union officials stated that China has been trying to pressure EU states that criticize its handling of the pandemic. Apparently, they are using social media platforms to spread false reports that Europe has neglected its coronavirus patients.
China has denied these allegations, which beg the question, with an apparent lack of honesty, do you think this summit will achieve anything progressive?
Dutch Police Arrest Protestors After Anti-Lockdown Protest Ends in Violence
An anti-lockdown protest in The Hague turned violent, forcing the Dutch police to arrest 400 people.
According to law enforcement officers, the protest started peacefully but turned violent when rowdy soccer fans arrived and began attacking the police with smoke bombs and rocks.
The fans wanted to march into the city center, which is out of bounds, forcing mounted police to disperse them.
Images from the incident show police on horseback galloping towards the protestors as a water cannon was fired above their heads.
In a statement, Hague Mayor Johan Remkes said, ‘this has nothing to do with demonstrating or freedom of expression. This group deliberately aimed to disturb public order.’
The demonstrations were organized by the Virus Madness group that fights against social distancing as a way of controlling COVID-19.