Thursday Morning Briefing: Summer canceled?

Coronavirus

Summer canceled?

Across the continent, from Portugal's Algarve to the islands of Greece, beaches are deserted. There are no visitors at the Eiffel Tower or the Louvre, Edinburgh's August festivals have been canceled and the Netherlands' flower fields are closed.

The big question facing Europe's tourism industry, however, is whether it can still salvage summer.

"We have to endure the situation and get some revenue this summer," said Goncalo Rebelo de Almeida, board member of Portuguese hotel chain Vila Gale. "I hope ... that will at least allow us to pay fixed costs. And then we will bet on it returning to normal in 2021."

In the meantime, calls are growing for economic support to haul hotels, restaurants, tour operators, travel agencies and cruise companies back from collapse.


Workplace wearables

Workers in the port of Antwerp will next month begin testing wristbands developed by a local technology company to reinforce social distancing as the world tries to emerge from the COVID-19 pandemic.

Tech firm Rombit already supplies wearables resembling a sports watch that can warn workers of workplace dangers - newly installed software will now also give warning signals if workers come for example within 1.5 meters (five feet) of each other.

The developers believe it also could offer contact-tracing if someone becomes infected with the coronavirus.

Such tools could be useful in helping companies restart work safely.


The vaccine race

An Oxford University team is launching this week trials in humans of a potential COVID-19 vaccine and say a million doses of it are being manufactured for availability by September - even before trials prove whether the shot is effective.

The experimental product - called "ChAdOx1 nCoV-19" - is one of at least 70 potential COVID-19 candidate shots under development by biotech and research teams around the world.

At least five of those are in preliminary testing in people.

Job killer

Thursday's weekly U.S. jobless claims report will likely show that a record 26 million Americans sought unemployment benefits over the last five weeks.

Put another way, that would mean that all the jobs created during the longest employment boom in U.S. history have been wiped out in about a month by the impact of coronavirus.

Ramadan congregational prayers

As the Muslim holy month of Ramadan starts this week, Pakistani doctors warned the government and clerics that it was ill-advised to allow prayer congregations at mosques.

Pakistan lifted precautionary restrictions on congregational prayers on Saturday, after several clashes between police and worshippers and with clerics rejecting such limitations.

The question now is whether other Muslim nations will also relent and relax bans on congregations in the light of pressure from local religious figures.

Sports calendar thins

Another day, another major sporting event bites the dust.

The 2020 St. Andrews Trophy, scheduled to take place in Wales from July 23-24, has been canceled due to the outbreak, the R&A and the European Golf Association has confirmed.

The tournament, contested between amateur golfers representing Britain & Ireland and Europe, was first staged in 1956 and has been held every two years since.


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Breakingviews: Tennis merger, Tidjane, Unilever
Read concise views on the pandemic’s financial fallout from Breakingviews columnists across the globe.

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Life under lockdown

On January 21, the day the first U.S. case of coronavirus was reported, the secretary of the Department of Health and Human Services appeared on Fox News to report the latest on the disease as it ravaged China. Alex Azar, a 52-year-old lawyer and former drug industry executive, assured Americans the U.S. government was prepared. Read the Special Report on the Former Labradoodle breeder tapped to lead U.S. pandemic task force.

Scientists are baffled by how the coronavirus attacks the body - killing many patients while barely affecting others. But some are tantalized by a clue: A disproportionate number of patients hospitalized by COVID-19, the disease caused by the virus, have high blood pressure.

At midnight, silence shrouds London’s party land. The packed streets and teeming bars that have tended to the nocturnal needs of drunken poets, louche musicians and revelers seeking adventure have been left desolate by the coronavirus lockdown.

Race for the cure

A team of volunteers in Syria have cobbled together prototypes of a ventilator and a testing machine - homemade equipment to fight the new coronavirus if it hits the last rebel stronghold, where hospitals lie in ruins after nine years of war.

Britain’s Glastonbury Festival, the largest greenfield music festival in the world, has been cancelled this year due to the coronavirus outbreak, organisers said on Wednesday. Paul McCartney and Taylor Swift were among those due to play Glastonbury in its 50th anniversary year in June.

Follow the money

With reopenings in U.S. South, some merchants lay out welcome mat, others fearful

Angie Bullman plans to reopen her suburban Atlanta hair salon on Friday after closing a month ago to comply with state orders. She and her co-owner husband, also a stylist, are already fully booked for the weekend.

6 min read

Bankruptcy looms over U.S. energy industry, from oil fields to pipelines

U.S. shale producers, refiners and pipeline companies are scrambling for cash and face likely restructuring as they struggle under heavy debt loads and a dual supply/demand shock in the worst crisis the oil industry has faced.

6 min read

Zoom users top 300 million as ban list grows

Zoom video conferencing app’s user base grew by another 50% to 300 million in the last three weeks, as the company fought to quell a backlash around security and safety that has seen a number of governments and firms ban its applications.

4 min read

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