What you need to know about the coronavirus today

White House slams “corrupt” WHO
The White House pushed back on concerns expressed by the World Health Organization after a U.S. health official said a coronavirus vaccine might be approved without completing full trials.

The Washington Post newspaper reported that the administration of President Donald Trump would not join a global effort to develop, manufacture and distribute a coronavirus vaccine because of the involvement of the WHO.

About 172 countries are engaging with the WHO’s COVID-19 vaccine plan to ensure equitable access to vaccines, the organization has said.

“The United States will continue to engage our international partners to ensure we defeat this virus, but we will not be constrained by multilateral organizations influenced by the corrupt World Health Organization and China,” White House spokesman Judd Deere said in a statement.

India reopens
India’s coronavirus infections rose to almost 3.8 million on Wednesday, as states continued to relax rules on movement despite the surge in cases.

The country reported 78,357 new cases in the past 24 hours, according to federal health data, taking total infections to 3,769,523. Some 66,333 people have died.

India’s total cases lag only the United States and Brazil, which it will overtake in days based on current trends.

Authorities in the capital New Delhi are due to meet to discuss the reopening of the city’s metro, despite fresh cases there sitting at a two-month high.

In Sydney, the show must go on
Australia’s most-populous state reported the biggest daily jump in coronavirus infections in two weeks on Wednesday but said there were no plans to cancel the New Year fireworks show over Sydney Harbour, as new cases nationally also ticked up.

New South Wales state reported 17 new cases, the biggest one-day jump since Aug. 12, while nationally the count rose to 109 cases from 85 a day earlier.

Victoria state remained the hardest-hit region with 90 cases, although this was well down from its daily peak of more than 700 in early August at the height of a second wave of infections.

NSW Premier Gladys Berejiklian said the state was pushing ahead with plans to host large events such as the New Years Eve fireworks over Sydney Harbour. “I think for a lot of people the fireworks represent hope.”

Elderly drive South Korea case surge
More than 40% of new coronavirus cases in South Korea are being found in people over the age of 60, contributing in part to a surge in the number of COVID-19 patients who are severely or critically ill, health authorities said on Wednesday.

The surge in cases over the past three weeks has depleted medical facilities, with less than 3% of hospital beds - or just nine - available for critical cases in greater Seoul, versus 22% about 10 days ago, the health ministry said.

South Korea is battling a second wave of infection, centered in the capital Seoul and surrounding areas which are home to 25 million people.

Pandemic ignites demand for home appliances
From sanitizing closets to customizable fridges, the coronavirus pandemic has fanned demand for home appliances - so much so that Samsung Electronics is adding warehouses and bringing popular products to more markets.

In particular, consumers have been willing to splurge on products that make their homes cleaner.

In Brazil and other emerging economies, households which once relied on maids are now investing in dishwashers and robot vacuum cleaners, while Samsung says its overseas sales of air purifiers jumped more than five times in January-July compared to the same period last year.

Samsung’s AirDresser, a closet that steam cleans clothes and kills bacteria, has seen a spike in sales. Big fridges have also climbed in popularity as people cooking more often at home seek more freezer space.

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Breakingviews - Corona Capital: Spirits, Virus winners, Australia. Read concise views on the pandemic’s financial fallout from Breakingviews columnists across the globe.

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u.s

President Donald Trump defied requests to stay away and visited Kenosha, Wisconsin, on Tuesday, not to urge racial healing after a white officer shot a Black man in the back but to express support for law enforcement in a city rocked by civil unrest. With the United States polarized over issues of racial injustice and police use of force, Trump is appealing to his base of white supporters with a “law and order” message as opinion polls show him cutting into the lead of his Democratic rival, former vice president Joe Biden.

At least a dozen groups are planning a large-scale, bipartisan public relations campaign to counter any attempt by President Trump to cast doubt on the integrity of the November election or dispute the result should he lose, people involved in the effort told Reuters. One organization, the National Task Force on Election Crises, is contacting leading politicians from both major parties, military figures, star athletes, faith leaders and business executives, asking them to reassure voters about the integrity of the election result if chaos ensues after the Nov. 3 contest.

U.S. Senator Ed Markey defeated Representative Joe Kennedy III in the Massachusetts Democratic primary, positioning himself to win another six-year term on Nov. 3 and a platform for a progressive agenda in 2021. With his unsuccessful challenge, Kennedy became the first member of his fabled political family to suffer a defeat in a Massachusetts election for a congressional seat.

Business

Exxon weighs global job cuts after unveiling Australian lay-off plan

Exxon Mobil is assessing possible worldwide job cuts, a spokesman said, after the company announced a voluntary lay-off program in Australia. Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic.

2 min read

Amazon's new offerings make India center of fintech push

Amazon has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground growth market.

4 min read

Glass Lewis recommends Tesla chairwoman's re-election after opposing it earlier

Proxy advisory firm Glass Lewis said late on Tuesday it had recommended Tesla's investors to vote in favor of re-electing Chairwoman Robyn Denholm after having earlier opposed her re-election in June. Glass Lewis said its recommendation changed due to the satisfactory action taken by Tesla regarding liability insurance for its directors. Tesla will hold its annual shareholder meeting on Sept. 22.

6 min read

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