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Air Canada assesses order cancellations and blames travel restrictions after second quarter loss | Instant News



(Reuters) – Air Canada said on Friday it would weigh possible cancellations of Boeing and Airbus aircraft orders after COVID-19 crippled air travel and pushed the carrier to a second quarter loss. FILE PHOTO: An Air Canada Boeing 737 MAX 8 from San Francisco approaches to land at Toronto Pearson International Airport over an Air Canada Boeing 737 MAX 8 aircraft parked in Toronto , Ontario, Canada, March 13, 2019. REUTERS / Chris Helgren / File PhotoIt was the airline’s second consecutive quarterly loss as it felt the impact of the pandemic, but said it expected it that cash consumption slowed slightly in the third quarter. Air Canada shares fell 6% in afternoon trading. The carrier blamed Canadian travel restrictions, which it described as among the toughest in the world, even as rising COVID-19 cases in the United States dampen the industry-wide’s hopes of a rapid recovery in air travel. Air Canada cabin crew members echoed the carrier on Friday in urging the Canadian government to bail out the country’s airlines if it did not relax restrictions. “Without the support of government industry and as travel restrictions are extended, we will be looking at other opportunities to further reduce costs and capital, including further road suspensions and possible cancellations.” of Boeing and Airbus planes on order, including the Airbus A220, ”Air Canada chief executive officer Calin Rovinescu told analysts. The A220 is manufactured in the Canadian province of Quebec in a factory previously owned by Bombardier. Canada on Friday extended the ban on foreigners entering the country until August 31. He previously extended restrictions on non-essential travel at U.S. borders until August 21. Canadians entering the country from abroad must self-isolate for two weeks. “We know that the airlines face significant challenges, and we will continue to work with them and closely monitor the situation in the hard-hit aviation sector,” Transport Minister Marc Garneau said in a press release by email. Air Canada expects third quarter capacity to decline by 80%. The airline saw a 96% drop in passengers carried in the second quarter. European airlines have also urged Canada to remove travel restrictions. “So many Canadians write to us and tell us that they want to travel and that the biggest obstacle, and we did our own survey on that, the biggest obstacle (is) quarantine,” Rovinescu said. Air Canada forecasts third quarter net cash consumption of between C $ 15 million ($ 11.18 million) and C $ 17 million per day on average, compared to net cash consumption of approximately C $ 19 million. Canadian dollars per day in the previous quarter. The airline reported a loss of C $ 1.75 billion, or C $ 6.44 per share, in the quarter ended June 30, against profit of C $ 343 million, or C $ 1.26 per share, a year earlier. Reporting by Allison Lampert in Montreal and Sanjana Shivdas in Bangalore. Additional reporting by Julie Gordon in Ottawa; Edited by Aditya Soni, Susan Fenton and Paul Simao Our Standards: Thomson Reuters Trust Principles. .



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Mexico has become an eclipse in Britain with the third highest coronavirus mortality | Instant News


MEXICO CITY (Reuters) – Mexico is ready to overtake Britain as the country with the third highest coronavirus mortality rate as a pandemic reaches new milestones in Latin America and threatens to disrupt efforts to reopen the economy.

PHOTO PHOTO: Family members stand as musicians playing songs during the funeral of someone who died of coronavirus (COVID-19), at the funeral of San Lorenzo Tezonco in Mexico City, Mexico July 29, 2020. REUTERS / Carlos Jasso

The unwanted note will place Mexico behind Brazil, the largest and most populous country in Latin America, and the United States. More than 91,000 people have died in Brazil and the number of deaths in the United States has exceeded 152,000.

Mexico on Thursday recorded 639 additional deaths to increase the number of coronavirus victims to 46,000, with 416,179 confirmed cases. Britain has recorded 46,084 deaths and 303,913 cases, according to calculations by Johns Hopkins University.

Mexican officials said the spread of the pandemic was likely far more extensive than reflected by official figures.

The increasing number of victims has strengthened Latin America’s status as one of the centers of the spread of the virus because cases in the region have doubled last month to more than 4.7 million infections.

While Britain appears to have stepped on the virus, the pandemic shows some signs of a slowdown in Mexico, which has been trying to restart the economy since late May.

“We open when we are not ready to open,” said Rosa Maria del Angel, head of Infection and Molecular Pathogenesis at the National Polytechnic Institute of Mexico.

Mexican President Andres Manuel Lopez Obrador, who angered some health advocates by refusing to wear masks in public, said Friday that Mexico plans to continue with celebrations at Zocalo Square in the capital to mark Independence Day.

The September 16 ceremony celebrating the historic call for rebellion known as “El Grito” will “socially alienate”, Lopez Obrador said at his daily press conference in the morning.

“Facing difficulties, with epidemics, with floods, earthquakes, bad government, we always go out (to celebrate),” he said. “Now we will continue dating.”

Lopez Obrador has convicted news organizations for reporting Mexico’s rise in the global death toll count, saying the number of victims per capita is a more just representative.

Reporting by Adriana Barrera; Additional reporting by Daina Beth Solomon; Writing by Drazen Jorgic; Editing by Aurora Ellis

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The UBI Intesa Agreement sounds an appeal to Italian banks | Instant News


MILAN (Reuters) – Intesa Sanpaolo’s (ISP.MI) victory battle for UBI rivals (UBI.MI) has sent shock waves through the fragile Italian banking sector as investors try and find out who will be the next in a mature industry for consolidation.

FILE PHOTOS: Italian bank logo Intesa Sanpaolo seen in Milan, Italy, January 18, 2016. REUTERS / Stefano Rellandini / Photo File

The unsolicited offer, the biggest banking agreement in Europe in a decade, has set the stage for further mergers in fragmented sectors with increasing losses caused by a pandemic, adding to the current lender’s struggle with negative interest rates and the need to adapt to rapid changes digital world.

Analysts say the European Central Bank’s support for UBI’s offer and the use of Intesa’s “bad intentions” – buying UBI at a discount for net book value and pocketing gaps as profits – could encourage more banks to pursue ties as a way to cut costs.

“The Intesa Agreement has ushered in a new phase,” said an Italian banker. “We now know that a hostile banking takeover is not only possible but can succeed.”

What is not clear is who will make the purchase. By picking up the second-most healthy lender, Intesa has removed candidates who are scheduled to lead the long-awaited agreement among a handful of mid-market players who are most at risk from the threats facing the sector.

However, Alberto Nagel, chief adviser to Intesa Mediobanca, said Thursday’s talks were intensified when the CEO tried to position their bank for a potential M&A scenario.

Citi analysts expect adjusted returns on tangible equity of only 2% for Italian banks this year, with only “a few signs of recovery” in 2021-2022.

“The Italian banking system must move from sub-partial profitability from the last decade,” Scope Ratings Executive Director Marco Troiano said.

TAKE RISK

The clearest candidate to take risks in the future is Banco BPM, the third largest bank in Italy formed three years ago when Banca Popolare di Milano and Banco Popolare joined. Operating in Northern Italy where the combined Intesa-UBI will be increasingly dominant, sources with knowledge of the issue told Reuters that it had come under pressure from the Italian finance department to buy Monte dei Paschi in Siena, the troubled child of Italian banking now 68% owned by the state.

Banco BPM has repeatedly refused interest. Bankers say it could instead become a target for France’s Credit Agricole (CAGR.PA) or BNP Paribas (BNPP.PA), both of which are present in Italy and can cut costs through a merger.

A source familiar with the matter said the possibility of a French bid for Banco BPM had raised concerns among several domestic investors of the Milan bank, who would be better off seeing ties with Italy’s biggest lender UniCredit (CRDI.MI) which replicates the Intesa-UBI agreement.

A second source confirmed that such a combination would please the shareholders of the Banco banking foundation BPM.

But UniCredit, under CEO Jean Pierre Mustier, in recent years distanced himself from his home territory by spilling domestic assets and reducing exposure to Italy’s 2.5 trillion euro ($ 2.9 trillion) public debt heap.

Mustier has ruled out M&A activity but the first source said the bank’s strategy could change if the French banker, who earlier this year turned down a top job at HSBC, would leave after overseeing a successful restructuring.

The Intesa-UBI Agreement will also enhance the role of BPER Banca (EMII.MI), which bought 532 branches from a joint group to enable Intesa to win antitrust approval.

FILE PHOTOS: UBI bank headquarters seen in Brescia, Italy, March 9, 2016. REUTERS / Alessandro Bianchi / Photo File

BPER, whose main shareholder is the insurance company UnipolSAI (US.MI), had discussed the merger with UBI just weeks before Intesa launched its offer.

CEO Alessandro Vandelli said BPER would look to play an active role in banking consolidation after integrating branches purchased from Intesa.

Representatives for Banco BPM, UniCredit, Credit Agricole and BNP Paribas declined to comment on this story.

Additional reporting by Gianluca Semeraro in Milan and Maya Nikolaeva in Paris, edited by Rachel Armstrong, Kirsten Donovan

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Germany records record green power usage at H1 but demand falls 5.7% | Instant News


FRANKFURT (Reuters) – A record 50.2% of German power consumption in January to June is met from renewable sources, the BDEW utility industry association said on Thursday, adding that its use dropped 5.7% year-on-year due to the crisis coronavirus.

FILE PHOTOS: Wind turbines that produce power are depicted at sunset from the Drachenberg hills in Berlin, Germany, August 19, 2019. REUTERS / Fabrizio Bensch / File Photo

This is up from 44.1% over the same period last year and reflects the efforts of Europe’s largest economy to curb climate warming emissions from thermal power plants.

Germany wants to increase the share of renewable energy in its power mix to 65% by 2030, a goal to be achieved by supporting a stable addition to green power generation facilities.

But this year’s large increase also resulted from utilities meeting falling industrial demand with reduced production because the lockdown paralyzed business activities, BDEW said.

“Operators have reduced electricity generation from conventional energy significantly in recent months in response to feed-in priority priorities for renewable energy,” he said. “This results in an increasing percentage of the share of renewable energy.”

Renewable energy produced by the weather must be transmitted first to the power lines when and when it is produced because the grid must be balanced and power cannot be stored in significant quantities.

Domestic power consumption reached 272.3 billion kilowatt hours (kWh) in six months compared to 288.7 billion a year earlier, BDEW said.

The total counted in imports was 26.1 billion kWh and exports were 34.2 billion and included 13.4 billion internal use of power plants at the plant site.

When a pandemic weakens demand, consumption decreases by 4% in the year to early May, data from the Consultative Advisory Team shows at that stage, when it is predicted that full-year demand will decline by 4% -5% during 2019.

The 74.5 billion kWh wind power output in January to June is the single largest source of electricity, while the operator added 591 megawatts (MW) of turbine capacity, compared to 287 MW in the comparable 2019 period.

Reporting by Vera Eckert, edited by David Evans

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The UBI Intesa Agreement sounds an appeal to Italian banks | Instant News


MILAN (Reuters) – Intesa Sanpaolo’s (ISP.MI) victory battle for UBI rivals (UBI.MI) has sent shock waves through the fragile Italian banking sector as investors try and find out who will be the next in a mature industry for consolidation.

FILE PHOTOS: Italian bank logo Intesa Sanpaolo seen in Milan, Italy, January 18, 2016. REUTERS / Stefano Rellandini / Photo File

The unsolicited offer, the biggest banking agreement in Europe in a decade, has set the stage for further mergers in fragmented sectors with increasing losses caused by a pandemic, adding to the current lender’s struggle with negative interest rates and the need to adapt to rapid changes digital world.

Analysts say the European Central Bank’s support for UBI’s offer and the use of Intesa’s “bad intentions” – buying UBI at a discount for net book value and pocketing gaps as profits – could encourage more banks to pursue ties as a way to cut costs.

“The Intesa Agreement has ushered in a new phase,” said an Italian banker. “We now know that a hostile banking takeover is not only possible but can succeed.”

What is not clear is who will make the purchase. By picking up the second-most healthy lender, Intesa has removed candidates who are scheduled to lead the long-awaited agreement among a handful of mid-market players who are most at risk from the threats facing the sector.

However, Alberto Nagel, chief adviser to Intesa Mediobanca, said Thursday’s talks were intensified when the CEO tried to position their bank for a potential M&A scenario.

Citi analysts expect adjusted returns on tangible equity of only 2% for Italian banks this year, with only “a few signs of recovery” in 2021-2022.

“The Italian banking system must move from sub-partial profitability from the last decade,” Scope Ratings Executive Director Marco Troiano said.

TAKE RISK

The clearest candidate to take risks in the future is Banco BPM, the third largest bank in Italy formed three years ago when Banca Popolare di Milano and Banco Popolare joined. Operating in Northern Italy where the combined Intesa-UBI will be increasingly dominant, sources with knowledge of the issue told Reuters that it had come under pressure from the Italian finance department to buy Monte dei Paschi in Siena, the troubled child of Italian banking now 68% owned by the state.

Banco BPM has repeatedly refused interest. Bankers say it could instead become a target for France’s Credit Agricole (CAGR.PA) or BNP Paribas (BNPP.PA), both of which are present in Italy and can cut costs through a merger.

A source familiar with the matter said the possibility of a French bid for Banco BPM had raised concerns among several domestic investors of the Milan bank, who would be better off seeing ties with Italy’s biggest lender UniCredit (CRDI.MI) which replicates the Intesa-UBI agreement.

A second source confirmed that such a combination would please the shareholders of the Banco banking foundation BPM.

But UniCredit, under CEO Jean Pierre Mustier, in recent years distanced himself from his home territory by spilling domestic assets and reducing exposure to Italy’s 2.5 trillion euro ($ 2.9 trillion) public debt heap.

Mustier has ruled out M&A activity but the first source said the bank’s strategy could change if the French banker, who earlier this year turned down a top job at HSBC, would leave after overseeing a successful restructuring.

The Intesa-UBI Agreement will also enhance the role of BPER Banca (EMII.MI), which bought 532 branches from a joint group to enable Intesa to win antitrust approval.

FILE PHOTOS: UBI bank headquarters seen in Brescia, Italy, March 9, 2016. REUTERS / Alessandro Bianchi / Photo File

BPER, whose main shareholder is the insurance company UnipolSAI (US.MI), had discussed the merger with UBI just weeks before Intesa launched its offer.

CEO Alessandro Vandelli said BPER would look to play an active role in banking consolidation after integrating branches purchased from Intesa.

Representatives for Banco BPM, UniCredit, Credit Agricole and BNP Paribas declined to comment on this story.

Additional reporting by Gianluca Semeraro in Milan and Maya Nikolaeva in Paris, edited by Rachel Armstrong, Kirsten Donovan

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China warns Britain: You have no future if you try to put China aside | Instant News


LONDON (Reuters) – The Chinese ambassador to London frankly warned Britain on Thursday that they have no future if they try to separate themselves from the communist state.

“It’s hard to imagine a ‘Global Britain’ that bypasses or excludes China, separating from China means separating from opportunities, separating from growth and separating from the future,” Chinese ambassador to London Liu Xiaoming told reporters.

He said Britain would “pay the price” if it wanted to treat China as a hostile country.

Reported by Guy Faulconbridge and Kate Holton

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Leonardo Italia signed a software agreement to address the cyber threat of homework | Instant News


PHOTO FILE: A man holds a laptop computer when the cyber code is projected to him in an illustrated image taken on May 13, 2017. REUTERS / Kacper Pempel / Illustration / Photo File

MILAN (Reuters) – Italian defense group Leonardo (LDOF.MI) is expanding its cyber security offering in partnership with a California software company, looking to capitalize on the increased security problems caused by the growth of work at home during the COVID-19 crisis.

The group said on Wednesday it had signed an agreement with the Nasdaq Crowdstrike (CRWD.O) for the latest Falcon platform designed to detect hacking and other cyber security threats on company computers at an early stage.

Leonardo, NATO’s cybersecurity partner, said the partnership would enable him to be faster in detecting and responding to the malicious attacks suffered by one of his clients.

As in other countries, large companies in Italy have allowed employees to work remotely during a pandemic.

“Because businesses around the world have shifted employees to remote jobs and moved more of their operations outside the corporate office, security holes in the company’s network have been revealed,” Leonardo said in a statement.

Crowdstrike products will combine well with Leonardo’s network of security professionals and expertise developed at its cyber security operations centers, the Italian company said.

Reporting by Francesca Landini; Editing by James Mackenzie and David Holmes

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The death of the US corona virus reached 150,000, including the highest per capita mortality globally | Instant News


(Reuters) – US deaths from novel coronaviruses exceeded 150,000 on Wednesday, a number higher than in other countries and nearly a quarter of the world total, according to Reuters calculations.

Of the 20 countries with the largest outbreaks, the United States ranks sixth in deaths per capita, with 4.5 deaths per 10,000 people.

Only Britain, Spain, Italy, Peru and Chile have higher per capita rates, according to calculations, with deaths in the US reaching nearly 23% of the global total of only around 661,000.

An increase of 10,000 COVID-19 deaths in 11 days is the fastest in the United States since early June. (tmsnrt.rs/2P87LUu)

The rate of infection has increased since the US death toll surpassed 100,000 on May 27. The epicenter has also moved, to the south and west of the area around New York, which so far still has the highest number of casualties for one state in more than 32,000.

Arkansas, California, Florida, Montana, Oregon and Texas each reported record fatal spikes on Tuesday.

Rising numbers have shattered initial expectations that the country has passed the worst of the economic crisis which has destroyed business and left millions of Americans unemployed.

Health experts have said for months that the US outbreak can be controlled if guidelines for maintaining social distance and wearing masks in public are followed everywhere.

Such steps became a hot partisan issue after President Donald Trump, who initially played down the seriousness of the health crisis after the first US case in January, refused to wear a mask.

Trump has since come to support the mask but has yet to enact a national mandate that needs it.

On Wednesday, Florida reported another record increase, with 217 deaths in the past 24 hours, according to the state health department.

FILE PHOTO: Emergency Medical Technician (EMT) arrives with a patient while a funeral car starts departing at the North Shore Medical Center where coronavirus (COVID-19) patients are being treated, in Miami, Florida, USA July 14, 2020. REUTERS / Maria Alejandra Cardona / Photo file

Florida commercial pilot Rob Koreman, 50, from Fort Lauderdale, said he was stunned by the climbing numbers.

“I am a pilot and have crashed into so many cities, so many people in them, I have to be aware,” he said. “Basically, none of this should have happened. We need state coordination, if not a federal mandate. ”

INDOOR PARTIES

Louie Gohmert, a Texas lawmaker who has refused to wear a mask in the past, tested positive for COVID-19 on Wednesday, raising concerns that other members of Congress might also have been revealed.

Attorney General William Barr, who testified at a House Judiciary Committee hearing on Tuesday that Gohmert took part in, would be tested for coronavirus as a result, said a Justice Department spokesman.

In a video posted to Twitter, Gohmert said he had often used face masks in the past week or two, including Tuesday’s trial.

Officials in New Jersey, the state with the second highest mortality rate, again appealed to young people to avoid the large gathering that the virus breed. Governor Phil Murphy chose several parties that lead to new case groups.

“Coronavirus is more easily transmitted indoors. Party in a crowded room is not smart or safe, “he wrote on Twitter.

With the school reopening scheduled for a few more days in several states, the Trump administration is encouraging students to return to classrooms, while several teachers and local officials have called for learning to stay online.

Washington University’s Institute of Health Metrics and Evaluation (IHME), whose predictions are closely monitored by policy makers including the White House, first predicted in March that the pandemic could kill more than 81,000 in July after easing in June.

In its latest statement on July 14, IHME said its model now projects a death toll in the US of more than 224,000 on November 1.

Slideshow (2 pictures)

It also said that the number was not mentioned.

“The use of masks is up, but not as high as they should be. “If 95% of Americans wear masks every time they leave home, the infection rate will go down, hospitalization will go down, and death estimates will go down,” IHME said.

Reporting by Lisa Shumaker and Rich McKay; Additional reporting by Tim Ahmann, Maria Caspani and Susan Heavey; Write by Sonya Hepinstall; Editing by Howard Goller

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Brembo Italia increased ownership in Pirelli to 4.99%, ending the purchase | Instant News


FILE PHOTOS: Brembo logo seen at its headquarters in Bergamo, Italy October 7, 2019. REUTERS / Flavio Lo Scalzo

MILAN (Reuters) – Italian brake maker Brembo (BRBI.MI) said on Wednesday that he would not buy additional shares in tyremaker Pirelli (PIRC.MI) after increasing its ownership to almost 5%.

Brembo, which makes brakes for car makers including Ferrari (RACE.MI) and Tesla (TSLA.O) as well as several Formula One teams, said they now hold a 4.99% stake in Pirelli, both directly and indirectly through Nuova FourB’s parent company, and have completed the buying process.

Brembo Deputy Chief Executive Matteo Tiraboschi on Wednesday told Reuters that the company has no plans to increase its current ownership, and has no desire to play a role in the Pirelli administration.

“We have invested, which we have decided before the COVID-19 outbreak, in a company that we know and are very respectful of, with a market positioning very similar to ours,” he said.

Brembo said in March that they had bought a 2.43% stake in Pirelli with a “non-speculative long-term approach”.

This surprise move heightened speculation that this could be the first step towards the integration of the two groups in the future – both focused on premium market segments – to create an Italian heavyweight in the supply of auto parts.

Pirelli, whose tires are used by racing teams and Formula One car makers like BMW (BMWG.DE) and Audi (NSUG.DE), are not available for comment.

Pirelli is controlled by ChemChina and China’s Silk Road Fund, which together hold about 46% and are linked by a shareholder agreement that ends in 2023 with Camfin, investment vehicle for Pirelli Ececutive Chief Marco Tronchetti Porvera, which has a stake of just over 10%.

Tronchetti Porvera previously said there were no plans to merge with Brembo and move to strengthen its influence on the tyremaker with Camfin in May agreeing with the Niu China family to create a joint venture that could allow him to control an 18% stake in Pirelli.

Reporting by Giulio Piovaccari; edit by James Mackenzie, Emelia Sithole-Matarise, Kirsten Donovan

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The death of the US corona virus reached 150,000, including the highest per capita mortality globally | Instant News


(Reuters) – US deaths from novel coronaviruses exceeded 150,000 on Wednesday, a number higher than in other countries and nearly a quarter of the world total, according to Reuters calculations.

FILE PHOTO: Emergency Medical Technician (EMT) arrives with a patient while a funeral car starts departing at the North Shore Medical Center where coronavirus (COVID-19) patients are being treated, in Miami, Florida, USA July 14, 2020. REUTERS / Maria Alejandra Cardona / Photo file

Of the 20 countries with the largest outbreaks, the United States ranks sixth in deaths per capita, with 4.5 deaths per 10,000 people.

Only Britain, Spain, Italy, Peru and Chile have higher per capita rates, according to calculations, with deaths in the US reaching nearly 23% of the global total of only around 661,000.

An increase of 10,000 COVID-19 deaths in 11 days is the fastest in the United States since early June. (tmsnrt.rs/2P87LUu)

The rate of infection has increased since the US death toll surpassed 100,000 on May 27. The epicenter has also moved, to the south and west of the area around New York, which so far still has the highest number of casualties for one state in more than 32,000.

Arkansas, California, Florida, Montana, Oregon and Texas each reported record fatal spikes on Tuesday.

Rising numbers have shattered initial expectations that the country has passed the worst of the economic crisis which has destroyed business and left millions of Americans unemployed.

Health experts have said for months that the US outbreak can be controlled if guidelines for maintaining social distance and wearing masks in public are followed everywhere.

Such steps became a hot partisan issue after President Donald Trump, who initially played down the seriousness of the health crisis after the first US case in January, refused to wear a mask.

Trump has since come to support the mask but has yet to enact a national mandate that needs it.

On Wednesday, Florida reported another record increase, with 217 deaths in the past 24 hours, according to the state health department.

Florida commercial pilot Rob Koreman, 50, from Fort Lauderdale, said he was stunned by the climbing numbers.

“I am a pilot and have crashed into so many cities, so many people in them, I have to be aware,” he said. “Basically, none of this should have happened. We need state coordination, if not a federal mandate. ”

INDOOR PARTIES

Louie Gohmert, a Texas lawmaker who has refused to wear a mask in the past, tested positive for COVID-19 on Wednesday, raising concerns that other members of Congress might also have been revealed.

Attorney General William Barr, who testified at a House Judiciary Committee hearing on Tuesday that Gohmert took part in, would be tested for coronavirus as a result, said a Justice Department spokesman.

In a video posted to Twitter, Gohmert said he had often used face masks in the past week or two, including Tuesday’s trial.

Officials in New Jersey, the state with the second highest mortality rate, again appealed to young people to avoid the large gathering that the virus breed. Governor Phil Murphy chose several parties that lead to new case groups.

“Coronavirus is more easily transmitted indoors. Party in a crowded room is not smart or safe, “he wrote on Twitter.

With the school reopening scheduled for a few more days in several states, the Trump administration is encouraging students to return to classrooms, while several teachers and local officials have called for learning to stay online.

Washington University’s Institute of Health Metrics and Evaluation (IHME), whose predictions are closely monitored by policy makers including the White House, first predicted in March that the pandemic could kill more than 81,000 in July after easing in June.

Slideshow (2 pictures)

In its latest statement on July 14, IHME said its model now projects a death toll in the US of more than 224,000 on November 1.

It also said that the number was not mentioned.

“The use of masks is up, but not as high as they should be. “If 95% of Americans wear masks every time they leave home, the infection rate will go down, hospitalization will go down, and death estimates will go down,” IHME said.

Reporting by Lisa Shumaker and Rich McKay; Additional reporting by Tim Ahmann, Maria Caspani and Susan Heavey; Write by Sonya Hepinstall; Editing by Howard Goller

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