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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on August 9, 2021

    Featured image for article about Top Stories

    By Maria Caspani

    NEW YORK (Reuters) -Coronavirus cases and hospitalizations in the United States are at a six-month high, fueled by the rapid spread of the Delta variant across swathes of the country grappling with low vaccination rates.

    Nationwide, COVID-19 cases have averaged 100,000 for three days in a row, up 35% over the past week, according to a Reuters tally of public health data. Louisiana, Florida and Arkansas reported the most new cases in the past week, based on population. (Graphic of U.S. coronavirus cases) https://graphics.reuters.com/HEALTH-CORONAVIRUS/USA-TRENDS/dgkvlgkrkpb

    Hospitalizations rose 40% and deaths, a lagging indicator, registered an 18% uptick in the past week.

    The intensifying spread of the pandemic has led to cancellation of some large high-profile events. One notable exception is an annual motorcycle rally in Sturgis, South Dakota, which has been proceeding as planned.

    Florida set a new single-day record with 28,317 cases on Sunday, according to data from the U.S. Centers for Disease Control and Prevention https://covid.cdc.gov/covid-data-tracker/#cases_casesper100klast7days (CDC).

    Hospitalizations in Florida have been at record highs for eight days in a row, according to the Reuters analysis. Most Florida students are due back in the classroom this week as some school districts debate whether to require masks for pupils.

    Holding signs, mask proponents and opponents gathered at the Pinellas County Schools building near St. Petersburg on Monday where the school board called a special session to discuss mask protocols.

    The head of the nation’s second-largest teachers’ union on Sunday announced a shift in course by backing mandated vaccinations for U.S. teachers in an effort to protect students who are too young to be inoculated.

    The number of children hospitalized with COVID-19 is rising across the country, a trend health experts attribute to the Delta variant being more likely to infect children than the original Alpha strain.

    With the virus once again upending Americans’ lives after a brief summer lull, the push to vaccinate those still reluctant has gained fresh momentum.

    In the latest development, the Pentagon on Monday said that it will seek Biden’s approval by the middle of September to require military members to get vaccinated.

    STURGIS CROWDS

    The evolving pandemic and the rapid community spread spurred by the Delta variant have already prompted the cancellation of some large-scale events. Last week, organizers canceled the New York Auto Show that had been set for later this month.

    The New Orleans Jazz Fest was canceled for the second straight year as Louisiana fights a severe outbreak.

    But fears about the Delta variant seem to not have dampened the mood in Sturgis, a small town in South Dakota that welcomes hundreds of thousands of motorcycle enthusiasts for the annual Sturgis Motorcycle Rally.

    This year’s gathering, taking place Aug. 6-15, might already be attracting record crowds.

    “It is one of the biggest crowds I have seen,” Meade County Sheriff Ron Merwin said in an email. “I think there will definitely be some spread.”

    The city of Sturgis has partnered with health officials to provide COVID-19 self-test kits to rally-goers but the event does not require proof of vaccination or mask-wearing.

    Last year, health officials cited the rally as a super-spreader event that contributed to an autumn surge in the Midwest.

    While cases and hospitalizations were relatively low in South Dakota when the event started on Aug. 7, 2020, three months later the state set a record for hospitalized COVID-19 patients and new infections.

    In the month of November alone, the state lost 521 people to COVID-19, nearly three times the number of deaths reported in October, according to a Reuters tally.

    (Reporting by Maria Caspani in New York and Lisa Shumaker in Chicago; Additional reporting by Octavio Jones in Largo, Florida; Editing by David Gregorio)

    By Maria Caspani

    NEW YORK (Reuters) -Coronavirus cases and hospitalizations in the United States are at a six-month high, fueled by the rapid spread of the Delta variant across swathes of the country grappling with low vaccination rates.

    Nationwide, COVID-19 cases have averaged 100,000 for three days in a row, up 35% over the past week, according to a Reuters tally of public health data. Louisiana, Florida and Arkansas reported the most new cases in the past week, based on population. (Graphic of U.S. coronavirus cases) https://graphics.reuters.com/HEALTH-CORONAVIRUS/USA-TRENDS/dgkvlgkrkpb

    Hospitalizations rose 40% and deaths, a lagging indicator, registered an 18% uptick in the past week.

    The intensifying spread of the pandemic has led to cancellation of some large high-profile events. One notable exception is an annual motorcycle rally in Sturgis, South Dakota, which has been proceeding as planned.

    Florida set a new single-day record with 28,317 cases on Sunday, according to data from the U.S. Centers for Disease Control and Prevention https://covid.cdc.gov/covid-data-tracker/#cases_casesper100klast7days (CDC).

    Hospitalizations in Florida have been at record highs for eight days in a row, according to the Reuters analysis. Most Florida students are due back in the classroom this week as some school districts debate whether to require masks for pupils.

    Holding signs, mask proponents and opponents gathered at the Pinellas County Schools building near St. Petersburg on Monday where the school board called a special session to discuss mask protocols.

    The head of the nation’s second-largest teachers’ union on Sunday announced a shift in course by backing mandated vaccinations for U.S. teachers in an effort to protect students who are too young to be inoculated.

    The number of children hospitalized with COVID-19 is rising across the country, a trend health experts attribute to the Delta variant being more likely to infect children than the original Alpha strain.

    With the virus once again upending Americans’ lives after a brief summer lull, the push to vaccinate those still reluctant has gained fresh momentum.

    In the latest development, the Pentagon on Monday said that it will seek Biden’s approval by the middle of September to require military members to get vaccinated.

    STURGIS CROWDS

    The evolving pandemic and the rapid community spread spurred by the Delta variant have already prompted the cancellation of some large-scale events. Last week, organizers canceled the New York Auto Show that had been set for later this month.

    The New Orleans Jazz Fest was canceled for the second straight year as Louisiana fights a severe outbreak.

    But fears about the Delta variant seem to not have dampened the mood in Sturgis, a small town in South Dakota that welcomes hundreds of thousands of motorcycle enthusiasts for the annual Sturgis Motorcycle Rally.

    This year’s gathering, taking place Aug. 6-15, might already be attracting record crowds.

    “It is one of the biggest crowds I have seen,” Meade County Sheriff Ron Merwin said in an email. “I think there will definitely be some spread.”

    The city of Sturgis has partnered with health officials to provide COVID-19 self-test kits to rally-goers but the event does not require proof of vaccination or mask-wearing.

    Last year, health officials cited the rally as a super-spreader event that contributed to an autumn surge in the Midwest.

    While cases and hospitalizations were relatively low in South Dakota when the event started on Aug. 7, 2020, three months later the state set a record for hospitalized COVID-19 patients and new infections.

    In the month of November alone, the state lost 521 people to COVID-19, nearly three times the number of deaths reported in October, according to a Reuters tally.

    (Reporting by Maria Caspani in New York and Lisa Shumaker in Chicago; Additional reporting by Octavio Jones in Largo, Florida; Editing by David Gregorio)

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