On Friday, major districts in China’s tech hub of Shenzhen shut down public transportation and extended restrictions on public activities as cities across China battle COVID-19 outbreaks that have clouded prospects for economic recovery. DEATHS AND INFECTIONS
*Eikon users, click on COVID-19: MacroVitals for case tracking and news summary. cpurl://apps.cp./cms/?navid=1592404098 EUROPE
* EU countries should start offering COVID boosters to their populations now to contain a new wave of infections expected this fall and winter, the bloc’s executive said in a document seen by Reuters on Friday ahead of its official publication. * Portugal will start vaccinating people on Wednesday with boosters against COVID-19 as well as the seasonal flu vaccine ahead of an expected spike in infections after the summer, the head of the DGS health authority said on Friday.
AMERICAS * US President Joe Biden to seek $11.7 billion in emergency funding from Congress to provide lethal aid and budget support to Ukraine, and $22.4 billion for COVID-19 aid before a possible increase in cases in the fall, the White House said.
* Pfizer and its German partner BioNTech have filed suit in the High Court of England and Wales, seeking a judgment that their COVID-19 vaccine, based on mRNA technology, does not breach the CureVac’s European patents, according to a regulatory filing. ASIA PACIFIC
* Mainland China reported 2,038 new coronavirus cases for September 1, including 373 symptomatic and 1,665 asymptomatic, the National Health Commission said on Friday. * Taiwan has approved the use of Moderna’s Omicron targeted COVID-19 vaccine as a booster shot for people aged 18 and older.
* Lizvon Pharma’s protein-based COVID-19 vaccine has been granted emergency use authorization as a recall by China’s medical products regulator. ECONOMIC IMPACT
* The UK government is set to release data showing that around 1.1 billion pounds of small business loans ($1.27 billion) provided under a COVID-19 emergency loan scheme 19 have already been classified as suspected fraud, a source told Reuters. * JPMorgan lowered its Chinese economic growth forecast for this year and next, amid prolonged weakness in the housing sector and a resurgence of regional COVID outbreaks.
* Japan’s monetary base, or the amount of cash circulating in the economy, rose in August at the weakest annual rate in a decade, a sign of a drop in business demand for funds to deal with the pandemic . * According to official data, train travel in China hit an eight-year low and a pandemic low during the usually busy summer season, as new virus outbreaks dampened mobility and undermined tourist confidence.
(Compiled by Valentine Baldassari, Sherry Jacob-Phillips and Devika Syamnath; editing by Subhranshu Sahu, Jan Harvey and Shounak Dasgupta)
(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)