Policy balance
The recent appointment of Sanjay Malhotra as Governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das, signals a pivotal shift in India’s monetary policy dynamics.
The World Health Organization also called for stronger containment measures across Europe, which has passed 500,000 deaths from Covid-19.
Prime Minister Boris Johnson was to chair a crisis meeting Monday as a growing number of countries from France to Argentina blocked flights to Britain over a new highly infectious coronavirus strain the UK said was “out of control”.
The World Health Organization also called for stronger containment measures across Europe, which has passed 500,000 deaths from Covid-19.
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But there was positive news across the Atlantic where US lawmakers reached a deal for a nearly $900 billion Covid-19 financial package to help struggling Americans.
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In London, Johnson called the COBR emergencies committee meeting to “discuss the situation regarding international travel, in particular the steady flow of freight into and out of the UK”, a spokesman said.
More than a dozen European nations have already banned flights and travellers from Britain, with more expected to take action.
Crucial transit country France moved to block people and goods crossing the Channel, while the Netherlands said passengers arriving by ferry would be denied entry.
The ban on all but unaccompanied freight crossing to France comes as companies scramble to shift merchandise with days to go until Britain finally quits European Union trade structures in the wake of Brexit.
Late Sunday, Britain’s critical south coast port at Dover said it was closing to all accompanied freight and passengers due to the French border restrictions “until further notice”.
Alarm bells were ringing across Europe as the new, even more infectious strain of the virus appeared to be raging in parts of Britain.
A WHO spokeswoman told AFP that “across Europe, where transmission is intense and widespread, countries need to redouble their control and prevention approaches.”
A German government source said restrictions on air travel from Britain could be adopted by the entire 27-member EU and that countries were also discussing a joint response over sea, road and rail links.
French President Emmanuel Macron, German Chancellor Angela Merkel, and EU chiefs Ursula von der Leyen and Charles Michel held a conference call on Sunday about the matter, Macron’s office said.
Later Sunday, bans on flights from Britain were imposed in the Americas, including by Canada, Chile and Argentina.
US officials, however, signalled they were holding off on the move for now, while Australian Prime Minister Scott Morrison said he was confident existing 14-day quarantine rules for arrivals were sufficient to handle the threat.
Despite growing concerns about the new strain, EU experts believe it will not impact the effectiveness of existing vaccines, Germany’s health minister Jens Spahn said.
The assessment was shared by Britain’s chief medical officer Chris Whitty.
UK U-turn
Johnson said the infectiousness of the new strain had forced him into locking down much of England over the Christmas period.
“Unfortunately the new strain was out of control. We have got to get it under control,” Health Secretary Matt Hancock told Sky News.
Scientists first discovered the new variant — which they believe is 70 percent more transmissible — in a patient in September. Public Health England notified the government on Friday when modelling revealed its full seriousness.
The novel coronavirus has killed more than 1.68 million people since the outbreak emerged in China last December, according to a tally from official sources compiled by AFP.
And with the onset of colder winter weather in the northern hemisphere — when respiratory diseases flourish — countries are bracing for new waves of Covid-19 with tighter restrictions, despite the economic damage such lockdowns wrought earlier this year.
The Netherlands is under a five-week lockdown until mid-January with schools and all non-essential shops closed.
Italy also announced a new regime of restrictions until January 6 that included limits on people leaving their homes more than once a day, closing non-essential shops, bars and restaurants and curbs on regional travel.
Vaccination roll-out
In the US, the $900 billion package agreed Sunday is expected to include aid for vaccine distribution and logistics, extra jobless benefits of $300 per week, and a new round of $600 stimulus checks.
Congress is expected to soon approve the measure as the country copes with the world’s highest death toll from the virus.
Around the world, the rapid roll-out of vaccinations is now seen as the only effective way to end the crisis.
Europe is expected to start a massive vaccination campaign after Christmas, following the United States and Britain which have begun giving jabs with an approved Pfizer-BioNTech shot, one of several leading candidates.
A US expert panel recommended Sunday that those aged 75 and older should be the next vaccinated against the virus, along with 30 million “frontline essential workers,” including teachers, grocery store employees and police.
Initial doses have focused on frontline health-care workers and the elderly in nursing homes.
Russia and China have also started giving out jabs with their own domestically produced vaccines.
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