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Donald Trump still has Rooms available at Trump International Washington

Deutsche Bank, whose commitment to Trump is known and which has become Trump’s largest creditor.

US Coronavirus Infections since Reopening
1,965,912
Confirmed
41,723
Confirmed (24h)
111,394
Deaths
1,215
Deaths (24h)
5.7%
Deaths (%)
738,729
Recovered
26,477
Recovered (24h)
37.6%
Recovered (%)
1,115,789
Active
56.8%
Active (%)

A US president who does not publish his tax return and that runs a group of luxury hotels that runs out of guests and money during the crisis.

“Most hotels only offer one room but we offer a complete city.” The New York hotel of the group “Trump Hotels” in Central Park advertises so dazzlingly for guests. In the era of the coronavirus pandemic, however, there are none.

Well, the “Trump Hotels” already existed when the man was not yet the head of state, but his choice made things complicated with the noble hotels and it doesn’t stop being complicated.

Money is running out
The German newspaper “Handelsblatt” reported that the Trump family holding company is negotiating payment deferrals at several locations in view of the collapsed hotel business. In addition to Deutsche Bank, whose commitment to Trump is known and which has become Trump’s largest creditor.

The German business newspaper asks itself: “How emphatically can a bank manager or civil servant demand money from a president who is known for dividing the world primarily into personal allies and opponents?”

Expensive Lockdown
The paper lists that the family business owns 24 golf clubs and luxury hotels around the world. 17 of them should have closed as part of the corona protective measures but some properties, such as in Washington, remains open with minimal staffs.

If the president insists that public life be revived soon, is the responsible man talking as the US president in the White House or talking in the board room and concerned about Trump Empire?

In any case, an “unofficial request” was received by Deutsche Bank in April whether credit payments could be deferred, writes the “Handelsblatt”.

US newspapers assume that the closed locations typically make around $ 650,000 in sales a day and the lockdown could cost the President a fortune.

G7 summit right on the green
It is far from the first time that the hotel owner Trump gets in the way of the politician Trump, or vice versa. The US President reportedly would have loved to hold the G7 summit in June – which is unlikely to take place anyway – at his “Trump National Golf Resort in Miami. When the plans became known, the outrage was so great that even Trump was ultimately impressed and that means something, otherwise the man hardly avoids a conflict.

Abuse of power, corruption, the fact that Trump refuses to publish his tax return despite the Democrats’ urgency does not make things any better.

Government officials’ money
His hotel in Washington is much more obvious anyway but there is still plenty of trouble for the President. A lawsuit against the president that was dismissed last summer in connection with the hotel can now be pursued, as the federal appeals court in Richmond, Virginia ruled last week.

The Attorneys General of the capital Washington and the state of Maryland had sued Trump and they accuse him of illegally benefiting from visits by foreign government officials or state officials to the hotel near the White House and Trump violates constitutional anti-corruption clauses by accepting money from foreign or domestic government officials.

15 judges know more than three
A three-judge panel of the Richmond Court of Appeals dismissed the lawsuit in July 2019, arguing that Attorney General Brian Frosh and Karl Racine had no legal position to advance the case, but this was overruled last week by 15 judges and the case against Trump can now go ahead.

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Reporting mainly on the Asia Pacific region and the global Coronavirus crises in countries such as the United States, Mainland China, Brazil, Mexico, Italy and Germany. Love to Travel and report daily on destinations reopening with a focus on Domestic travel within Europe, North America and the Caribbean. Fan of the English Premier League , the German Bundesliga,, the Spanish La Liga.

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Coronavirus

Covid-19 infection and Cannabis

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The novel pathogen Covid-19 can become a danger to all people due to its high infectivity. At the same time, it is worrying that no standardized treatment options are known so far, with which disease courses can be alleviated and shortened, healing processes can be supported or the development of difficult courses can be slowed down. Whether symptoms appear after infection and how violently they develop depends primarily on the functioning of your own immune system.

Covid-19 infection and cannabis

There is serious evidence that vaporized tobacco-free cannabis could help manage a Covid-19 infection.

In the search for suitable remedies, some patients included the use of cannabis on their own initiative. After all, the already known medical effects of cannabis (including anti-inflammatory, antibiotic, anti-convulsion, enlargement of the bronchi, soothing) underline that the use of cannabis, especially the vaporising inhalation of cannabis flowers, could be a way to alleviate symptoms or to contribute to the healing of the disease. This survey aims to gather the experiences of Covid 19 patients who have used cannabis more or less specifically to cope with their own health situation.

Covid-19 patients are all people who have received a positive test result and have developed no or more or less severe symptoms of the disease. Anyone belonging to this group of people is asked to complete this questionnaire to the best of their knowledge and to make their personal experiences accessible to LimeSurvey.

Also particularly interesting are data that provide information about the further course of an infection / disease over a longer period of time. That is why LimeSurvey plans to collect and evaluate this experience again in four weeks with a questionnaire. It would therefore be helpful if patients provided LimeSurvey with this information via the second questionnaire that is then also available on the website.

The survey is carried out by: Prof. Dr. Gundula Barsch , Merseburg University of Applied Sciences, Eberhard-Leibnitz-Strasse 2, Department of Social Affairs, Media and Culture, 06217 Merseburg and Christoph Roßner, interdisciplinary cannabis expert, Ulmer Str. 11, 87700 Memmingen.

Drug use after lockdown

Drugs educators and drug testers from The Loop in Manchester (Great Britain) have started a survey on drug use and the changes in the drug black market (availability, prices, qualities).

A number of northern European drug counseling centers, including The Loop, have developed a very short, anonymous survey to collect data on how drug and alcohol use has changed during public lockdown. The link here leads to the English language version. This survey aims to collect comparable data across Europe to inform drug and harm reduction services and support drug and alcohol users in these challenging times.

3 versions of this survey will be released, which will be released in three phases of the Covid 19 pandemic. The phase 1 survey will initially take place during the period of the strongest lockdown. In phase 2, the restrictions will be relaxed across Europe in a few months, and in phase 3 the consequences in late summer or early autumn will be recorded. At the end of each phase of the survey, The Loop will immediately provide European drug advice centers with a summary of the results of each survey.

The short, anonymous survey, which mainly has to be ticked, and which takes around 10 minutes to complete, is being carried out as part of a trans-European COVID-19 and drug use survey.

 

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Coronavirus

Thailand in Crisis – No work without Tourists

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The holiday paradise lives from tourism, a dangerous addiction, as can now be seen in the corona crisis.

The corona crisis is leaving deep traces in Thailand, although not necessarily in the health sector. The number of infected people, at just over 3000, is relatively low – with a population of around 70 million people, but the government ordered border closed and the slowdown in the global economy have hit Thailand’s economy hard.

Airports closed

Thai Airways still advertises its services on the Internet with airy promises, but the Thai state carrier has not been flying since April and until the end of June, none of their planes will take off as Thailand’s airports are closed for international flights.

The over 20,000 employees of Thai Airways are hard hit as the airline cut the wages this month from EUR 2,500 to EUR 350, said a Thai Airways steward via WhatsApp and he fears that he will lose his job and doesn’t want his name mentioned.

Badly hit state airline

He didn’t know what would happen to the employees. “We only learn everything from the media,” but this practice suits Thai Airways, after all THAI was known for the opaque business practices, says the temporarily unemployed flight attendant.

The Thai economy has failed to promote innovation and prepare itself for a crises
Somprawin Manprasert – Chief Economist of the Thai Bank of Ayudhya

Even before the corona crisis, the state-owned Thai airline was badly hit. The airline has now asked the Thai government for a loan of almost EUR 2.3 billion, otherwise THAI would have to file for bankruptcy.

However, the government gave no money, but provided Thai Airways under the supervision of a bankruptcy judge. This is to ensure that the airline is restructured and the management is changed ao that the airline can continue to fly and keep its employees, it said.

Lack of innovative ability

For Somprawin Manprasert, chief economist at the Thai Bank of Ayudhya, the collapse of Thai Airways is a symbol of the state of the Thai economy. Thai Airways as a state-owned company has not adapted and improved in recent years, he says.

“That doesn’t work in a constantly changing world in which you have to remain competitive,” says Manprasert. “In the same way, other Thai industries have failed to promote innovation and prepare themselves for crises.”

A severe economic crisis threatens

In recent years, Thailand has mainly focused on tourism and the production and export of cars and electronic devices. Because of Corona and the closure of the borders, tourism has collapsed completely and exports fell drastically in the first quarter.

Experts emphasize that – as elsewhere in the world – Thailand’s economy will grow more slowly than before the crisis and some economists even predict that the country will slide into the worst economic crisis since the 1998 Asian crisis.

According to a World Bank report, many Thais will soon have difficulty meeting their basic needs.

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Coronavirus

China is said to have held back data on coronavirus for days

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At the beginning of the corona pandemic, China apparently provided the WHO with a minimum of information. Nevertheless, the WHO is said to have tried to make China appear in the best light – probably to persuade the country to provide more details.
China has withheld essential information about the novel corona virus for more than a week. The news agency AP has evaluated internal documents and emails and conducted numerous interviews. Accordingly, the Chinese authorities already had detailed knowledge of the genetic code of the virus for days – knowledge with which tests, medicines and vaccines can be developed.

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News

Three Middle Fingers for the Communists in Beijing

No more cooperation with the supposedly China-affiliated WHO, no more trade advantages for Hong Kong and fewer visas for Chinese students

WASHINGTON / BRUSSELS / HONG KONG | US President Donald Trump has further tightened regulations with China, which are already burdened by trade disputes and other issues.

Trump said the cooperation and funding of the World Health Organization would end because the UN organization had been influenced by Beijing, he announced on Friday. Hong Kong would lose trade advantages because a so-called Chinese security law would reduce civil rights and democracy in what was once the British crown colony and Chinese students would no longer be issued visas if they were suspected of being part of a government campaign to acquire knowledge of trade and research for China’s military and economic development.

The WHO has let China use it to minimize the danger of the SAR COV-2 coronavirus at the beginning of the pandemic, Trump said. Beijing ignored its reporting obligations to WHO and misled the public about the scale of the Wuhan outbreak, which became a pandemic and resulted in the deaths of more than 100,000 people in the United States alone.

Trump said the U.S. paid approximately $ 450 million to the WHO, but China only paid about $ 40 million. His country would spend the previous contribution on other urgent health tasks worldwide that deserved this.

The opposition Democrats had already declared when Trump threatened to end cooperation with the WHO in April that that would not have any legal status without the involvement of Congress. The head of the House of Representatives, Nancy Pelosi, described Trump’s actions on Friday as “an act of extraordinary senselessness”.

EU warns of break with World Health Organization

Meanwhile, EU Commission chief Ursula von Leyen has asked US President Donald Trump to rethink the announced break from the World Health Organization (WHO) as only global cooperation and solidarity can help in the fight against the corona virus, said von der Leyen on Saturday together with the EU foreign policy representative Josep Borrell.

“WHO must continue to be able to lead the international response to current and future pandemics,” said a joint statement. This requires the participation and support of everyone. “Anything that weakens international results must be avoided. In this context, we urge the US to reconsider its announced decision. “

Von Leyen and Borrell wrote that the European Union continued to support WHO in the fight against the pandemic and had already pledged additional funds. On May 19, all WHO member states had decided to launch an impartial, independent and comprehensive assessment as soon as possible and to learn from the international response to the corona virus.

Hong Kong government denies loss of autonomy

Trump said to Hong Kong that his government would begin to remove the “whole range” of agreements that give Hong Kong a special position compared to the Chinese mainland. The State Department would issue a warning to US citizens that they could be monitored or arrested when they visit Hong Kong.

The Chinese People’s Congress had approved an internal security law that could severely restrict opposition political activities and civil society in Hong Kong . Secretary of State Mike Pompeo said in an assessment for Congress on Wednesday that the law is undermining Hong Kong’s autonomy and freedoms.

Hong Kong’s government criticized US action on Saturday and Teresa Cheng described it as “unacceptable”. The introduction of a national security law does not mean the end of the “one country, two systems” principle.

“It is claimed that we are now” one country, one system “and have lost our autonomy,” said Cheng: “This is completely wrong.” National security is also a matter for the central government in every other country in the world.

The U.S. Chamber of Commerce in Hong Kong (AmCham) was disappointed with Trump’s announcement.

It is a “sad day,” said AmCham President Tara Joseph: “This is an emotional moment for Americans in Hong Kong and it will take a while for businesses and families to digest the consequences.”

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Hong Kong

Changes to the HK Exchange : Why shares of Alibaba, Xiaomi & Co. could rise soon

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Washington is considering to throw Chinese companies from the New York Stock Exchange but this in not good for Alibaba & Co.’s share prices, however Hongkong Stock Exchange just announced that tech companies can list on the Hang Seng Index.

For Hong Kong companies that have their primary exchange abroad, there has so far been no possibility of being included in the country’s leading Hang Seng index. Now changes have been decided and giants like Alibaba & Xiaomi might move to the HSI.

hongkong1000x600

Alibaba, Xiaomoi & Co. soon on Hang Seng?

After 50 years, Hang Seng index will open to companies that have their primary listings abroad or that have two different share classes. As the index operator announced, companies from Greater China with a secondary listing in Hong Kong and companies with two share classes with different voting rights will be included in the index from August with a weighting limit of 5%.

Chinese tech giants such as the retail group Alibaba, the smartphone manufacturer Xiaomi and Meituan Dianping could then become members of the stock index, which is currently dominated by financial service providers and giants like CK Hutchison.

“Local indices such as Hang Seng are not believed to reflect opportunities,” said Reuters Michael Lai, portfolio manager for Chinese stocks at Franklin Templeton. The potential inclusion of the tech giants “would be a reflection of the development of Chinese markets and companies,” the expert continued.

Break through the dominance of financial service providers

The index is currently dominated by finance and  insurers and real estate developers.

The trading giant Alibaba, which is first listed in New York could generate around 13 billion dollars in a second listing in Hong Kong, as well as Xiaomi and Meituan, which are first listed in Hong Kong but have different classes of shares and it could also be positive for JD.com that wants to be listed in Hong Kong.

With the inclusion of major tech giants in the index, the Hang Seng could end its under-performance on other benchmark indices. Hong Kong’s leading index has lost around 16 percent in value over the past twelve months. The Shanghai Composite lost just 2.6 percent over the same period, while the US Dow Jones index lost 3.5 percent and the S&P 500 even 5.5 percent.

For companies such as Alibaba & Co., inclusion in the index could provide support for the price development of the shares, because in this case index funds would be forced to buy shares in order to be able to reflect the funds aligned with the index accordingly.

Morgan Stanley analysts expect passive fund inflows of $ 3.7 billion.

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