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Daily Covid-19 cases dip below 2,000 allowing lockdown exit

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The fall in the number of Israelis testing positive for Covid-19 is continuing. Yesterday (Wednesday) 1,994 people tested positive for the virus, down from 2,285 on Tuesday and 3,124 on Monday.

There was a 5.4% positive rate for tests undertaken yesterday. Only 37,000 tests were carried out yesterday and in recent days both the number of tests and percentage of positive results has been gradually falling reflecting a slowdown in the spread of infection.




Israel has for the first time since the lockdown was imposed last month reached the threshold of 2,000 below which the Ministry of Health requires to be met before relaxations to the lockdown can be introduced. The relaxations include the opening of businesses that do not receive the public, the resumption of early childhood education and take away services at restaurants.

The number of seriously ill Covid-19 patients hospitalized has fallen to 734 from 855 last week.

Israel’s National Coronavirus Project Coordinator Prof. Ronni Gamzu told Army Radio, “We have reached the target for exiting the lockdown. At the moment we have 2,000 positive tests per day and an infection r rate down to 0.8. I will recommend going for the first relaxations next week.”

According to Prof. Eran Segal of the Weizmann Institute of Science who is monitoring morbidity, over the past week the number of positive test results has fallen by 53% nationwide. The number of seriously and moderately ill patients has fallen by 23% nationwide including by 40% in the Arab community and by 5% in the haredi community.

Published by Globes, Israel business news – en.globes.co.il – on October 15, 2020

© Copyright of Globes Publisher Itonut (1983) Ltd. 2020




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Economy

U.K. to Restart Brexit Trade Talks with European Union By Bloomberg

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© Bloomberg. Boris Johnson departs from a weekly meeting of cabinet ministers in London on Oct. 20. Photographer: Chris J. Ratcliffe/Bloomberg

(Bloomberg) — The U.K. agreed to resume trade talks with the European Union less than a week after Prime Minister Boris Johnson suspended them.

Intensive negotiations will begin on Thursday afternoon in London and happen every day, U.K. Chief Negotiator David Frost said in a Tweet on Wednesday.

The decision came after the EU’s chief negotiator, Michel Barnier, moved on Wednesday to address three British complaints, telling lawmakers in Brussels the EU would acknowledge the U.K.’s sovereignty, change its negotiating approach, and start work on the detailed text of an accord.

“We are ready to welcome the EU team to London to resume negotiations later this week,” a spokesperson for Johnson’s office said in a statement after the two sides’ chief negotiators spoke on Wednesday. “We have jointly agreed a set of principles for handling this intensified phase of talks.”

READ: Brexit Talks Set to Restart With Aim of Deal by Mid-November

The pound was on course for its largest daily gain since March at the end of the London session, while the yield on 10-year gilts rose five basis points to 0.24%.

Negotiations are expected to last for about another three weeks, officials said, but they cautioned there are still significant disagreements between the two sides.

“It is clear that significant gaps remain between our positions in the most difficult areas, but we are ready, with the EU, to see if it is possible to bridge them in intensive talks,” Downing Street said.

If the EU and the U.K. fail to reach a trade agreement, consumers and businesses will face the cost and disruption of tariffs and quotas in just 10 weeks’ time.

(Adds Frost comment starting in second paragraph.)

©2020 Bloomberg L.P.

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Fed’s Kaplan says U.S. economy will live with virus well into next year By Reuters

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© Reuters. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan gestures during a news conference after of the True Economic Talks event in Mexico City

(Reuters) – Dallas Federal Reserve Bank President Robert Kaplan on Wednesday repeated his forecast for the U.S. economy to shrink about 2.5% this year and grow a strong 3.5% next year, adding that he expects the pandemic to continue to impact daily life well into next year.

“Let’s see what we can do to live with this virus,” Kaplan said in an online event with the Houston Hispanic Chamber of Congress, adding that wearing masks is a “far better alternative” to the mass lockdowns earlier this year.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

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Honda reaches $5 million defective air bag settlement with Arizona By Reuters

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© Reuters. FILE PHOTO: The Honda logo displayed at the 89th Geneva International Motor Show in Geneva

(Reuters) – Arizona reached a $5 million settlement with Honda Motor Co’s (T:) U.S. units Wednesday in a probe into defective Takata air bag systems, state Attorney General Mark Brnovich said.

The settlement follows an $85 million settlement announced in August with nearly all other U.S. states. Arizona said the Honda settlement includes $1.65 million in restitution for state consumers, a $2.13 million repair incentive program, $750,000 for consumer outreach and a $500,000 payment to Arizona.

Faulty air bag inflators have been tied to at least 15 U.S. deaths in Honda vehicles.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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