Trump addressed the demonstrations Saturday, striking a milder tone than he has on Twitter during prepared remarks following a space launch in Florida. He said Floyd's death "has filled Americans all over the country with horror, anger and grief." He added that he "understands the pain that people are feeling" and supports peaceful protest, but that "the memory of George Floyd is being dishonored by rioters, looters and anarchists."
Sen. Tim Scott, a South Carolina Republican, said on Fox News Sunday that the president's tweets about demonstrations turning violent are "not constructive."
Protests over George Floyd spread to some cities in the world
After the death of black man George Floyd in Minneapolis, street protests have gone West over the weekend, as demonstrators in London, Berlin and Toronto gathered under banners declaring that Black Lives Matter and called for an end to police brutality in the United States and around the world.
In London, hundreds defied rules against large gatherings Sunday to rally in Trafalgar Square and mass outside the new U.S. Embassy on the south bank of the River Thames, where they chanted "no justice, no peace" in solidarity with the U.S. movement against racial bias in the criminal justice system.
In Berlin, around 1,500 demonstrators gathered Sunday for a second day to protest Floyd's killing. Hundreds marched a mile through the city before gathering at Hermannplatz, a square in one of the German capital's most diverse neighborhoods.
"Injustice anywhere is a threat to justice everywhere," read one sign. "Being black is not a crime," read another. Berlin loosened its limits on demonstrations over the weekend, but protesters are still supposed to keep a safe distance to prevent the spread of the novel coronavirus.
Additionally, several thousand people rallied in Toronto on Saturday to denounce racism and demand answers in the death of Regis Korchinski-Paquet, 29, who fell from a balcony apartment while police were in her home Wednesday.
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Protests against police brutality and racism erupted in Berlin after the killing of George Floyd in the U.S (Photo: AP) |
In Toronto, as many as 4,000 demonstrators marched on Saturday. A video posted by Global Toronto journalist Albert Delitala on Twitter shows protesters marching down Brunswick Avenue in the Canadian city.
Additionally, several thousand people rallied in Toronto on Saturday to denounce racism and demand answers in the death of Regis Korchinski-Paquet, 29, who fell from a balcony apartment while police were in her home Wednesday.
Coronavirus live update: World cases reach over 6.2 million, many European countries relax lockdown
More than 373,600 people have died from COVID-19, the disease caused by the new coronavirus, while more than 6.2 million infections have been confirmed in at least 188 countries and territories. More than 2.8 million people have recovered to date.
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(Photo: Financial Times) |
The US: As of early morning June 1, the US the largest epidemic region in the world, currently records 1,836,759 people infected and 106,176 deaths, an increase of 21,042 and 641 cases respectively, down slightly from the previous day.
The 50 US states have relaxed their blockade to varying degrees. The government also allows the gathering of up to 10 people, as long as the rule of community isolation is maintained. Non-essential goods retailers are allowed to operate again, barbershops are welcome by appointment. The restaurant can serve guests outdoors if the tables are 2 m apart.
However, protests against the death of black police man George Floyd are taking place in many states of the United States, violating rules of community segregation, raising concerns about the risk of nCoV spreading. . At least 25 cities in 16 states have imposed curfews. National Guard is also deployed in more than 10 states and Washington.
Brazil, the second most affected country in Covid-19, has an increase of 16,409 cases and 480 deaths from nCoV in the past 24 hours, bringing the total number of cases and deaths nationwide to 514,849 and 29,314 respectively. Many experts predict the South American nation has not yet reached its peak.
Brazilian President Jair Bolsonaro has repeatedly likened the pandemic to "minor flu" and opposed restrictions imposed by the state government. He urged businesses to reopen, despite warnings from experts.
Russia reported an additional 138 deaths in 24 hours, bringing the total number of deaths to 4,693. The number of infections increased by 9,268 to 405,843.
Moscow, the Russian center of the COVID-19 epidemic, is said to have "avoided the worst scenario" and will relax the blockade as of June 1. City people will be allowed to go for a walk three times a week as long as they are wearing a mask and exercising outdoors in the early morning. Shops, laundries and repair shops are also allowed to operate again.
The Russian Ministry of Health on 30 May said it approved the first Covid-19 drug, called Avifavir, manufactured by the Russian Direct Investment Fund (RDIF) and ChemRar Group. RDIF says the drug Avifavir has been shown to be effective in the first clinical trial phase and is being tested in the final phase, involving 330 patients.
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(Photo: Vietnam Insider) |
Most European countries have passed the peak of the epidemic. Spain started to relax the restrictive measures to prevent nCoV from 25/5. Madrid and Barcelona, the two cities thought to be the world's most stringent blockade, have allowed openings of parks and open-air cafes. However, the state of emergency still applies at least until June 7.
The UK government relaxed restrictions from June 1, allowing 6 people to gather outside, while outdoor retail stores and car showrooms are allowed to operate again. Schools of all levels gradually open. Those who enter the country as of June 8 will be quarantined for two weeks, whoever violates can be fined more than $ 1,200.
Italy recorded 333 more cases and 75 deaths, bringing the total to 232,997 and 33,415 respectively. The Italian government is expected to allow freedom of travel from June 3, reopening all airports and borders with neighboring countries and removing mandatory isolation requirements for people on entry.
France will allow restaurants, bars and cafes to reopen from June 2 but must ensure that measures France isolate the community.
To date, Vietnam reports a total of 328 COVID-19 cases, with only 49 active patients remain. The country has gone 46 consecutive days without any community transmission. No death reported in Vientam since the outbreak.
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World COVID-19 chart on June 1 (Photo: WorldOMeters) |
Solar Stocks Are Leading The Energy Market Recovery
Solar stocks have been on an uptrend for two years, while renewable energy stocks have outperformed fossil fuel stocks over the past ten years, including during the pandemic when the oil price crash badly bruised oil stocks.
Shares in solar power companies such as Enphase and SolarEdge, as well as the Invesco Solar ETF (TAN), have rallied and are further expected to rise in the long term, due to the bright long-term prospects for renewable energy –including solar power – in the United States and around the world, Olivier Garret, Founding Partner & CEO of RiskHedge, argues in an article in Forbes.
The pandemic is slowing renewable capacity installations, including solar power capacity in the U.S., but renewables as a whole are holding up much better than the oil and gas industry.
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(Photo: Namibia Global News) |
During the pandemic, renewable energy has so far been the energy source most resilient to lockdown measures, the International Energy Agency (IEA) said in its Global Energy Review 2020 report in April.
Renewable energy demand is the only one to increase this year—by about 1 percent from 2019, in contrast to all other energy sources. Renewable electricity generation will grow by nearly 5 percent despite the supply chain and construction delays caused by the crisis, the IEA said. Despite the uncertainty over solar photovoltaic (PV) capacity growth, solar PV is set to increase the fastest of all renewable energy sources in 2020, the agency noted.
In other words, despite the near-term challenges for the renewable sector, the industry is the most resilient energy source during the pandemic.
And so are the share prices and returns of renewable energy stocks compared to fossil fuel stocks, according to a new report published by Imperial College Business School in partnership with the IEA.
The report found that in the U.S., the total return of fossil fuel stocks over the past 10 years was 97.2 percent, while the total return of renewable stocks with over US$200 million market capitalization was 200.3 percent.
The U.S. pool of fossil fuel companies in the report included Exxon, Chevron, and 160 other oil and gas firms, while the renewable portfolio included First Solar, Enphase, Sunrun, SunPower, and 15 other companies.
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