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In photos: Life in the era of the coronavirus pandemic

The coronavirus pandemic has affected almost every nation — and case numbers are continuing to surge across the world, along with the death toll.

The big picture: Locking down to combat the virus has had a crippling effect on many economies. Global debt is expected to surpass global GDP this year following coronavirus stimulus measures. Many cities are reopening with health measures in place. Take a look at how COVID-19 has changed daily life around the world.


A restaurant host at the entrance of the restaurant to turn customers away as a curfew from 8 p.m. to 6 a.m. is put in place on July 18 at Miami Beach, Florida, amid surging cases. Photo: Joe Raedle/Getty Images
People physical distancing while watching wrestlers perform a ceremony ahead of their bouts at a sumo tournament in Tokyo, Japan, on July 19. Photo: STR/JIJI PRESS/AFP via Getty Images
Germany's Chancellor Angela Merkel (L) and France's President Emmanuel Macron in Brussels, Belgium, on July 18, as European Union leaders hold their first face-to-face summit over a post-virus economic rescue plan. Photo: Francois Lenoir/Pool/AFP via Getty Images
A medical volunteer takes temperature reading of a woman at a marriage hall, temporarily converted into a coronavirus testing centre, in Mumbai, India, on July 17, as case numbers passed 1 million. Photo: Punit Paran/AFP via Getty Images
A medical worker administers conducts a COVID-19 test at a free testing site in New York City on July 18 as the city prepares to enter its fourth and final phase of reopening. Photo: Alexi Rosenfeld/Getty Images
Worshipers of Legio Maria in Nairobi attend a prayer first time since March after Kenya's President Kenyatta directed the places of worship to reopen under strict guidelines. Photo: Yasuyoshi Chiba/AFP via Getty Images
A funeral home worker plays the violin as a deacon holds an umbrella before the cremation of a coronavirus victim at a cemetery in Bogota, Colombia, on July 17. Photo: Raul Arboleda/AFP via Getty Images
Patrons at an outdoor restaurant in downtown San Diego, California, on July 17. Photo: Sandy Huffaker/AFP via Getty Images
Cleaning takes place inside a housing complex in Melbourne in the Australian state of Victoria on July 17. The city and Mitchell Shire, Victoria, are on lockdown following a rise in COVID-19 cases. Photo by Darrian Traynor/Getty Images
Cleaning staff in personal protective equipment carry trash boxes in a line to minimize contamination after collecting PPE used by doctors who treated coronavirus patients at a hospital Addis Ababa, Ethiopia, on July 17. Photo: Amanuel Sileshi/AFP via Getty Images
An escalator inside a Hong Kong wet market is cleaned and disinfected as the Chinese territory on July 19, as the city reported 100 new cases — its biggest one-day increase since the pandemic began, the BBC notes. Photo by Vernon Yuen/NurPhoto via Getty Images

Go deeper: Countries grapple with whether to lock back down as hotspots emerge

The norms around science and politics are cracking

Crafting successful public health measures depends on the ability of top scientists to gather data and report their findings unrestricted to policymakers.

State of play: But concern has spiked among health experts and physicians over what they see as an assault on key science protections, particularly during a raging pandemic. And a move last week by President Trump, via an executive order, is triggering even more worries.

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Apple sets September quarter sales record despite pandemic

Apple on Thursday reported quarterly sales and earnings that narrowly exceeded analysts estimates as the iPhone maker continued to see strong demand amid the COVID-19 pandemic.

What they's saying: The company said response to new products, including the iPhone 12 has been "tremendously positive" but did not give a specific forecast for the current quarter.

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Podcast: The vaccine race turns toward nationalism

The coronavirus pandemic is worsening, both in the U.S. and abroad, with cases, hospitalizations and deaths all rising.

Axios Re:Cap digs into the state of global vaccine development — including why the U.S. and China seem to going at it alone — with medicinal chemist and biotech blogger Derek Lowe.

How central banks can save the world

The trillion-dollar gap between actual GDP and potential GDP is a gap made up of misery, unemployment, and unfulfilled promise. It's also a gap that can be eradicated — if central banks embrace unconventional monetary policy.

  • That's the message from Eric Lonergan and Megan Greene, two economists who reject the idea that central banks have hit a "lower bound" on interest rates. In fact, they reject the idea that "interest rates" are a singular thing at all, and they fullthroatedly reject the idea — most recently put forward by New York Fed president Bill Dudley — that the Fed is "out of firepower."

Why it matters: If Lonergan and Greene are right, then central banks have effectively unlimited ammunition in their fight to increase inflation and employment. They are limited only by political will.

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Leon Black says he "made a terrible mistake" doing business with Jeffrey Epstein

Apollo Global Management CEO Leon Black on Wednesday said during an earnings call that he made a "terrible mistake" by employing Jeffrey Epstein to work on personal financial and philanthropic services.

Why it matters: Apollo is one of the world's largest private equity firms, and already has lost at least one major client over Black's involvement with Epstein.

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Jeremy Corbyn suspended by U.K. Labour Party over anti-Semitism report

The U.K. Labour Party has suspended its former leader, Jeremy Corbyn, after a watchdog report found that the party failed to properly take action against allegations of anti-Semitism during his time in charge.

Why it matters: It represents a strong break by Keir Starmer, Labour's current leader, from the Corbyn era and one of the party's most persistent scandals.

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U.S. economy sees record growth in third quarter

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.

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Investors have nowhere to hide

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

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