Length:1 min read; 173 words
Note: The following paragraphs summarize the category of Global socio-economic, geo-political developments affecting AEC (indirectly) observed in June.More information about the specific category from June (and previous months) can be found in the downloaded report(s).The number in square brackets (e.g., [30]) refers to a reference where the reader can find more information about a specific statement. The references can be found in the References list below, Systematized References page or in the downloaded report.
The challenges reported in May are present in June as well. Given the changes we have already seen in response to COVID-19 prove that a reset of our economic and social foundations is possible. World Economic Forum’s expert Professor Klaus Schwab suggests that “now is the time for a “great reset” to instigate stakeholder capitalism with three main components: 1) the market toward fairer outcomes (governments should improve coordination, upgrade trade arrangements, and create the conditions for a “stakeholder economy”, long-overdue reforms that promote more equitable outcomes); 2) ensure that investments advance shared goals, such as equality and sustainability (with governmental large-scale spending programs; The European Commission has unveiled plans for a €750 billion ($826 billion) recovery fund; The US, China, and Japan also have ambitious economic-stius plans) - building “green” urban infrastructure and creating incentives for industries to improve their track record on environmental, social, and governance (ESG) metrics; 3) harness the innovations [228] of the Fourth Industrial Revolution to support the public good, especially by addressing health and social challenges.” [229] [230]
Previous May Category Summary
References
[1] “WHO warned world is in a ‘new and dangerous phase’ in pandemic - Business Insider.” (accessed Jul. 11, 2020).
[4] S. A. CNN CNN Data visualization by Natalie Croker, Christopher Hickey, Curt Merrill, Henrik Pettersson and Tal Yellin, “The US has 4% of the world’s population but 25% of its coronavirus cases,” CNN. (accessed Jul. 10, 2020).
[7] “Extra police enforce German tower block quarantine,” BBC News, Jun. 22, 2020.
[9] Rick Noack, “In countries keeping the coronavirus at bay, experts watch U.S. case numbers with alarm,” Washington Post. (accessed Jun. 22, 2020).
[10] “Brazil Stalks U.S. Fatalities After Virus Cases Tops 1 Million,” Bloomberg.com, Jun. 19, 2020.
[11] “Coronavirus Update (Live): 12,833,460 Cases and 567,035 Deaths from COVID-19 Virus Pandemic - Worldometer.” (accessed Jul. 11, 2020).
[12] “The Pandemic’s Worst-Case Scenario Is Unfolding in Brazil,” Bloomberg.com, Jun. 24, 2020.
[14] S. Biswas, “India to use train carriages as coronavirus wards,” BBC News, Jun. 14, 2020.
[17] A. Rosenthal, When is a pandemic over? .
[20] S. Ankel, “Fauci says normality could only come back ‘within a year or so’ as the country faces a spike in coronavirus infections,” Business Insider. (accessed Jul. 11, 2020).
[25] “The Best Global Responses to the COVID-19 Pandemic,” Time. (accessed Jul. 11, 2020).
[26] A. Woodward, “There’s a demonstrated way to avoid lockdowns and still stop the coronavirus’ spread. South Korea has been doing it for months.,” Business Insider. (accessed Jul. 11, 2020).
[31] “NZ lifts Covid restrictions as virus cases hit zero,” BBC News, Jun. 08, 2020.
[32] “Singapore May Re-Open Practically Entire Economy This Month,” Bloomberg.com, Jun. 12, 2020.
[33] M. R. CNN Natalie Gallón, Rodrigo Pedroso and Zamira Rahim, “Mexico and parts of Brazil reopen after lockdown -- despite surging coronavirus cases,” CNN. (accessed Jul. 12, 2020).
[35] “Strength in numbers - What Turkey got right about the pandemic | Europe | The Economist.” (accessed Jul. 11, 2020).
[37] “Mask Policies at AMC, American Stoke Furor on Public Health,” Bloomberg.com, Jun. 19, 2020.
[39] N. G. CNN, “Beijing’s new outbreak is a reminder that coronavirus can return at anytime,” CNN. (accessed Jul. 11, 2020).
[40] “Beijing Shuts Schools to Stem Virus as Cases Spread Beyond City,” Bloomberg.com, Jun. 16, 2020.
[42] “Australian State Imposes 4-Week Lockdown in Hotspot Suburbs,” Bloomberg.com, Jun. 30, 2020.
[46] J. G. CNN, “Barcelona opera house reopens with performance to 2,292 plants,” CNN. (accessed Jul. 10, 2020).
[49] “New York, New Jersey, Connecticut Order Hot-Spot Visitors to Quarantine,” Bloomberg.com, Jun. 24, 2020.
[51] “Putin Says Russia Emerging Faster Than U.S. From Covid-19 Crisis,” Bloomberg.com, Jun. 14, 2020.
[52] “Most Americans Say Country ‘Out of Control’ in New Survey,” Bloomberg.com, Jun. 07, 2020.
[53] “Trump terminates US relationship with WHO,” BBC News, May 30, 2020.
[54] L. Frias, “Obama slams Trump for his ‘shambolic’ and ‘mean-spirited approach’ to governance in rare public rebuke,” Business Insider. (accessed Jul. 10, 2020).
[55] “Global leadership is missing in action,” The Economist.
[57] A. by H. E. CNN, “Record unhappiness reigns as Americans think something has gone awry in US,” CNN. (accessed Jul. 11, 2020).
[61] “Texas Cases Hit Record; Fauci Gives Grim Warning: Virus Update,” Bloomberg.com, Jun. 29, 2020.
[63] M. F. CNN, “Study suggests 80% of Covid-19 cases in the US went undetected in March,” CNN. (accessed Jul. 10, 2020).
[64] “The New York Times on Instagram: ‘In mid-February, the U.S. had 15 known coronavirus cases. But invisible infections were already everywhere. We analyzed travel patterns,…,’” Instagram. (accessed Jul. 10, 2020).
[67] D. David, “Coronavirus ‘a devastating blow for world economy,’” BBC News, Jun. 07, 2020.
[68] A. W. and L. H. Business CNN, “Australia suffers first recession in 29 years,” CNN. (accessed Jul. 12, 2020).
[70] S. Amaro, “IMF set to slash economic forecasts and warns of a crisis ‘unlike anything the world has seen,’” CNBC, Jun. 16, 2020. (accessed Jul. 11, 2020).
[71] A. Rappeport, “I.M.F. Predicts Deeper Global Downturn Even as Economies Reopen,” The New York Times, Jun. 24, 2020.
[72] “India’s economy has suffered even more than most,” The Economist.
[73] “Oil Rallies With Investors Eyeing Demand Recovery, Output Cuts,” Bloomberg.com, May 27, 2020.
[74] “Latam Air Files Chapter 11 Bankruptcy, Stymied by Lockdowns,” Bloomberg.com, May 26, 2020.
[76] “Trudeau Says Budget Forecasts Too ‘Unreliable’ Amid Crisis,” Bloomberg.com, Jun. 09, 2020.
[77] “Macron Kicks Off 2022 Campaign With Sober Post-Lockdown Speech,” Bloomberg.com, Jun. 14, 2020.
[79] A. T. Business CNN, “Nearly 43 million Americans have filed for unemployment benefits during the pandemic,” CNN. (accessed Jul. 12, 2020).
[81] S. Chaney, “U.S. Unemployment Rate Fell to 11.1% in June,” Wall Street Journal, Jul. 02, 2020.
[82] “U.S. Job Prospects Now: Millions Could Find Jobs Cut for Good - Bloomberg.” (accessed Jul. 11, 2020).
[83] “Volatility Is the Only Sure Thing in Stocks These Days,” Bloomberg.com, Jun. 26, 2020.
[85] “Nearly a Third of U.S. Renters Worried About Their Next Payment,” Bloomberg.com, Jun. 11, 2020.
[86] finanzen net GmbH, “Applications to purchase a home are 18% higher than a year ago as buyers rush back to the market | Markets Insider,” markets.businessinsider.com. (accessed Jul. 12, 2020).
[87] P. Domm, “There’s a wave of selling estimated to be in the billions that’s about to hit the stock market,” CNBC, Jun. 23, 2020. (accessed Jul. 11, 2020).
[88] “Oil Demand Isn’t Roaring Back Yet,” Bloomberg.com, Jun. 14, 2020.
[89] “A Crash in the Dollar Is Coming,” Bloomberg.com, Jun. 08, 2020.
[91] “New research casts light on the pandemic’s effects on resource allocation,” The Economist.
[92] B. Ben W. CNN Adam Renton and Zamira Rahim, “May 13 coronavirus news,” CNN. (accessed Jul. 11, 2020).
[93] “Europe Extends Block on U.S. Travelers Over Coronavirus Concerns,” Bloomberg.com, Jun. 30, 2020.
[96] “Alan Doss and Mo Ibrahim on preventing covid from killing democracy in Africa,” The Economist.
[97] “Covid-19 raises the risks of violent conflict,” The Economist.
[98] “Mongolia’s Future as ‘Oasis of Democracy’ Put to Election Test,” Bloomberg.com, Jun. 23, 2020.
[99] “Autocrats gleefully decry America’s racial turmoil,” The Economist.
[100] “Hong Kong begins life under a new Chinese national-security law,” The Economist.
[101] “India and China have their first deadly clashes in 45 years,” The Economist.
[102] “Why China bullies,” The Economist.
[103] “Identify yourself - China’s next move in the South China Sea | China | The Economist.” (accessed Jul. 11, 2020).
[105] “U.S. Bankruptcy Tracker: Retail, Energy Set Grim Milestones,” Bloomberg.com, Jun. 30, 2020.
[106] “2.2 Million Restaurants Worldwide Teeter on Brink of Collapse,” Bloomberg.com, Jun. 23, 2020.
[107] J. V. Business CNN, “Macy’s lays off nearly 4,000 employees,” CNN. (accessed Jul. 11, 2020).
[108] V. Chatenay, “P2P lender ArchOver sees resurgence of retail investor demand,” Business Insider. (accessed Jul. 11, 2020).
[110] “Consumer sentiment is evolving as countries around the world begin to reopen | McKinsey.” (accessed Jul. 03, 2020).
[111] “U.K. Jobless Expected to Rise to 4.5 Million, Sunday Times Says,” Bloomberg.com, Jun. 14, 2020.
[116] “Germany spends big to save jobs,” The Economist.
[117] C. R. Business CNN, “4,000 airport jobs to go in UK and Ireland as Swissport slashes workforce,” CNN. (accessed Jul. 11, 2020).
[118] “Restart tourism to overcome virus, says UN,” BBC News, Jun. 10, 2020.
[119] “Vietnam Breaks Out of the Covid Tourist Trap,” Bloomberg.com, Jun. 07, 2020.
[120] “Bloomberg Business on Instagram: ‘Across Southeast Asia — one of the world’s most tourism-dependent regions — attractive holiday deals are starting to crop up again. But…,’” Instagram. (accessed Jul. 12, 2020).
[121] “Don’t Plan on Summer Holidays in U.S., Fauci Tells the British,” Bloomberg.com, Jun. 14, 2020.
[122] “Spain welcomes tourists back as emergency ends,” BBC News, Jun. 21, 2020.
[123] B. L. M. CNN, “Fiji plans to create a post-coronavirus travel bubble with New Zealand and Australia,” CNN. (accessed Jul. 11, 2020).
[124] “Holiday bookings ‘explode’ as restrictions eased,” BBC News, Jun. 27, 2020.
[125] finanzen net GmbH, “Bank of America says these stocks will be supported as people opt for ‘staycations’ during the coronavirus crisis | Markets Insider,” markets.businessinsider.com. (accessed Jul. 11, 2020).
[127] “Global Pollution Maps Show Differences In Air Quality During COVID-19 Lockdown,” IFLScience. (accessed Jul. 11, 2020).
[130] “The euro area’s stimulus is less stingy than in past crises,” The Economist.
[131] A. Larson, “Electricity Demand Decreases Due to Coronavirus Lockdowns,” POWER Magazine, Mar. 30, 2020. (accessed Jul. 01, 2020).
[132] “The killing of George Floyd has sparked global soul-searching,” The Economist.
[133] GlobalWonks, “Expert Bench: Corporate Response to Protests,” Jun. 08, 2020.
[136] “President rolls out new initiatives as a ‘starting point’ in combating anti-Black racism,” The Stanford Daily, Jul. 01, 2020. (accessed Jul. 01, 2020).
[137] The Architect’s Newspaper Trading Notes, “Concrete Steps to Improve Racial Equity in the Architectural Workplace - Zoom.” (accessed Jul. 04, 2020).
[199] “The Industry Impact of COVID-19 | Accenture.” (accessed Jul. 15, 2020).
[200] “Coronavirus’ business impact: Evolving perspective | McKinsey.” (accessed Jun. 24, 2020).
[214] GlobalWonks, Constantine Partasides: Legal Solutions for a Post-Pandemic Economic Recovery.
[228] “CIDCI Online Salon 2020: Running from Tigers: Mental Health and the Workplace, Post Covid,” CIDCI Online Salon 2020 webinar. (accessed Jun. 09, 2020).
[229] “Now is the time for a ‘great reset,’” World Economic Forum. https://www.weforum.org/agenda/2020/06/now-is-the-time-for-a-great-reset/ (accessed Jul. 12, 2020).
[230] “The Great Reset,” World Economic Forum. https://www.weforum.org/great-reset/ (accessed Jul. 12, 2020).
[278] “Trump Administration Targets ESG Funds With Proposed 401(k) Rule - Bloomberg.” (accessed Jul. 11, 2020).
[281] M. Hutzler, “Thanks to Asia, Coal Is Still King Worldwide,” POWER Magazine, May 26, 2020. (accessed Jun. 28, 2020).
[282] S. Sengupta, “Economic Giants Are Restarting. Here’s What It Means for Climate Change.,” The New York Times, May 29, 2020.
[284] “Greta Thunberg on Instagram: ‘The extreme arctic heatwave continues... Last week the temperature reached 38°C in Verkhoyansk, Siberia, north of the arctic circle. And…,’” Instagram. (accessed Jul. 11, 2020).
[350] “The ongoing impact of COVID-19 on global supply chains,” World Economic Forum. (accessed Jul. 15, 2020).
[610] “Resetting capital spending in the wake of COVID-19 | McKinsey.” (accessed Jul. 04, 2020).
[611] “MindFuel.” (accessed Jul. 04, 2020).
[612] “Infrastructure resilience: Get involved now | McKinsey.” (accessed Jul. 04, 2020).
[613] “April UK engine production declines 99.5%,” Materials Today. (accessed Jul. 03, 2020).
[614] “Riots Destroy $30M Affordable Housing Project,” Twin Cities Business, May 28, 2020. (accessed Jun. 29, 2020).
[615] “Florida Supreme Court Affirms Gov. DeSantis’ Emergency Powers During Coronavirus Pandemic | WUSF News.” (accessed Jul. 01, 2020).
[616] W. W. Staff, “North Carolina requires face masks in public amid coronavirus pandemic,” (accessed Jul. 01, 2020).
[617] A. Larson, “COVID-19 Makes for an Interesting Summer Peak Season,” POWER Magazine, Jun. 01, 2020. (accessed Jul. 01, 2020).
[618] “Amid protests, some construction sites damaged, subject to curfews,” Construction Dive. (accessed Jun. 03, 2020).
[619] “SPACE/RACE.” (accessed Jun. 02, 2020).
[620] Café Scientifique, “Science Behind Combating COVID-19,” Jun. 04, 2020. (accessed Jun. 28, 2020).
[621] M. Tessier-Lavigne, “Our financial future,” May 27, 2020.
[622] “Serological testing for SARS-COV2 antibodies: a view from the front lines” Scott Boyd, Associate Professor of Pathology; Jennifer Cochran, Professor of Bioengineering. Stanford University, 2020.
[623] “Get the facts about a COVID-19 (coronavirus) vaccine,” Mayo Clinic. (accessed Jul. 07, 2020).
[624] “COVID-19 complicates an already dire wildfire season,” Science, Jun. 26, 2020. (accessed Jul. 10, 2020).
[625] D. Slotnick, “A European travel ban on Americans could be a sign of disastrous things to come for US airlines,” Business Insider. (accessed Jul. 10, 2020).
[626] C. Klein, “Trump Casually Moves to Cut Health Care for Millions During Deadly Pandemic,” Vanity Fair. (accessed Jul. 10, 2020).
[627] “Decoding the confusing messages of the coronavirus epidemic in America,” The Economist.
[628] “Fauci Pleads With American Public to Take Virus More Seriously,” Bloomberg.com, Jun. 26, 2020.
[629] C. Burroughs, “The number of US software firms expanding to Europe collapsed 50% after the UK’s Brexit vote and has yet to recover,” Business Insider. (accessed Jul. 10, 2020).
[630] “Bloomberg Business on Instagram: ‘It’s not Covid. It’s not U.S.-China trade tensions. The American presidential election is now the biggest worry among institutional equity…,’” Instagram. (accessed Jul. 10, 2020).
[631] “Bloomberg Business on Instagram: ‘After at least three months of furious debate over the rival merits of fighting the pandemic and keeping the economy alive,…,’” Instagram. (accessed Jul. 10, 2020).
[632] C. Reinicke, “The stars are aligning for a V-shaped rebound in US housing — and ING says it could kickstart a swift recovery in other parts of the economy,” Business Insider. (accessed Jul. 10, 2020).
[633] “CNN on Instagram: ‘New polling shows that residents of the Northeast (led by New York) say they’re wearing masks at a significantly greater rate than the…,’” Instagram. (accessed Jul. 10, 2020).
[634] “Here’s What You Do With Two-Thirds of the World’s Jets When They Can’t Fly,” Bloomberg.com, Apr. 16, 2020.
[635] “Jobs Hit Is Four Times Worse for Low-Paid Workers, Fed Analysts Say,” Bloomberg.com, Jun. 25, 2020.
[636] R. Pickrell, “400 National Guard troops stand ready to defend ‘key monuments’ in DC as Trump threatens statue vandals with a decade in prison,” Business Insider. (accessed Jul. 11, 2020).
[637] “American Airlines to Raise $2 Billion from Share, Convertible Sale,” Bloomberg.com, Jun. 22, 2020.
[638] “U.S. Stocks Rise With Virus Spread Tempering Gains: Markets Wrap,” Bloomberg.com, Jun. 22, 2020.
[639] G. Browne, “Britons in Dubai sell possessions and return home as coronavirus ends expat dream,” The Telegraph, Jun. 20, 2020.
[640] “The Tax Rule That Inspired Billionaires and Movie Stars to Back Climate Moonshots,” Bloomberg.com, Jun. 16, 2020.
[641] “U.S. Cases Rise 1.2%; Dutch Protest Turns Violent: Virus Update,” Bloomberg.com, Jun. 20, 2020.
[642] “Waging war on recessions,” The Economist.
[643] “The Fed has been supporting markets. Now it must find ways to boost growth,” The Economist.
[644] “The pandemic has shown that Amazon is essential—but vulnerable,” The Economist.
[645] “To understand the new wave of small investors, look to China,” The Economist.
[646] “Rich countries must start planning for a cashless future,” The Economist.
[647] B. Dodge, “‘Virtual’ drug research is becoming a permanent reality as the coronavirus upends clinical trials and fuels a new breed of startups,” Business Insider. (accessed Jul. 11, 2020).
[648] “Bloomberg Business on Instagram: ‘Via @bloombergopinion: Greece has had one of the best Covid-19 records in Europe, thanks to the government’s swift decision to enforce a…,’” Instagram. (accessed Jul. 11, 2020).
[649] “Lost cause - Confederate statues are being torn down across America | United States | The Economist.” (accessed Jul. 11, 2020).
[650] “On Covid-19 and Protests, Some Good News,” Bloomberg.com, Jun. 19, 2020.
[651] E. Cranley, “Infectious disease expert says coronavirus won’t slow down until ‘about 60% or 70%’ of American population is infected, points out US is at ‘about 5%,’” Insider. (accessed Jul. 11, 2020).
[652] “Trump Immigration Order May Halt Work Visa Entries Until Fall,” Bloomberg.com, Jun. 12, 2020.
[653] M. T. and K. E. Business CNN, “Japan’s top billionaire Tadashi Yanai says the image of America is breaking,” CNN. (accessed Jul. 12, 2020).
[654] “There Are Two Recessions, Not One,” Bloomberg.com, Jun. 05, 2020.
[655] B. L. CNN, “India and Australia strengthen military ties as tensions simmer in South China Sea,” CNN. (accessed Jul. 12, 2020).
[656] “Bloomberg Business on Instagram: ‘Protests across the U.S. over the death of George Floyd are highlighting the grim realities of racial disparity in America. Black…,’” Instagram. (accessed Jul. 12, 2020).
[657] “Investors Pile Into Stocks That Win in a Full Economic Recovery,” Bloomberg.com, May 27, 2020.
[658] J. Elder, “Companies need to go beyond ‘diversity theater’ and commit to long-term, concrete metrics for change, says former McAfee CEO Chris Young: ‘Otherwise you’re just sort of hoping it gets better,’” Business Insider. (accessed Jul. 12, 2020).
[659] J. Laughlin, “Medical PPE is still so scarce after months of COVID-19, volunteers keep hunting for lifesaving supplies,” (accessed Jul. 15, 2020).
[660] “Scarce medical oxygen worldwide leaves many gasping for life,” AP NEWS, Jun. 24, 2020. (accessed Jul. 15, 2020).
[661] “India’s Piramal Glass sees surge in vial demand due to COVID-19: executive,” Reuters, Jun. 30, 2020.
[662] “Hospitals see shortages of a cheap steroid that could help treat Covid-19,” STAT, Jun. 25, 2020. (accessed Jul. 15, 2020).
[663] “UPS lowers peak surcharge on China-US shipments starting Sunday,” Supply Chain Dive. (accessed Jul. 15, 2020).
[664] “FEMA winds down PPE flights as ‘supply chain is stabilizing,’” Supply Chain Dive. (accessed Jul. 15, 2020).
[665] “DHL Express expands hiring as peak season volumes continue through summer,” Supply Chain Dive. (accessed Jul. 15, 2020).
[666] “COVID-19 Impact: Key Takeaways From Our Articles.” (accessed Jul. 15, 2020).
[667] “The ongoing impact of COVID-19 on the food industry and its supply chains.” (accessed Jul. 15, 2020).
[668] D. Guan et al., “Global supply-chain effects of COVID-19 control measures,” Nature Human Behaviour, vol. 4, no. 6, Art. no. 6, Jun. 2020, doi: 10.1038/s41562-020-0896-8.