Overseas Headlines – December 23, 2020

United States:

U.S. Economic Rebound Is Patchwork of Virus Risk and Rules

“The U.S. economy has splintered along state and city lines, with the speed of the rebound largely dependent on the magnitude of local business restrictions to combat an unending surge in Covid-19 cases. California and Illinois, where some of the strictest measures have been imposed, saw jumps in state unemployment filings this month that helped push the weekly U.S. total to a three-month high. Both states also had November unemployment rates above the national level of 6.7%.”



U.K. Border Reopening Hit by Backlogs and Trucker Frustration

“Vital trade and travel links between the U.K. and continental Europe slowly reopened after France eased border restrictions, but huge backlogs that could take days to clear led to tensions at Britain’s busiest port. Near Dover, police clashed with some truckers angry that they’ve been waiting since Saturday and are trying to get home for Christmas. Many are lined up for coronavirus tests that they need for passage into France.”



China Struggles to Keep the Lights On Amid Sky-High Demand

“China’s roaring industrial rebound from the pandemic has an unforeseen consequence — the surge in power demand has left factories, office buildings and street lights in some areas straining under an electricity shortage. The country’s local governments are cutting power to some industrial and commercial customers in several provinces. State-owned companies are sending an army of workers to inspect power lines, and authorities are urging coal miners to produce more.”




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