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Reuters

Italy set to offer its first green bond, betting on strong demand
Markets

Italy set to offer its first green bond, betting on strong demand

  • The Italian deal was expected by the end of 2020 but was derailed by a political crisis when the majority coalition led by former Prime Minister Giuseppe Conte collapsed.
  • Agénce France Trésor debuted in Europe with its first green sovereign bond in January 2017, and Germany stepped in last September, placing 6.5 billion euros that attracted demand over 33 billion euros.
Published 01 Mar, 2021 08:09pm
EU to propose vaccine certificates in time for summer holidays
World

EU to propose vaccine certificates in time for summer holidays

  • The EU executive aims to present its plans for a "digital green pass" on March 17 and to cooperate with international organisations to ensure that its system also works beyond the European Union.
  • The aim is to gradually enable them to move safely in the European Union or abroad - for work or tourism.
Published 01 Mar, 2021 08:05pm
SoftBank to write down $1.5bn Greensill investment
Business & Finance

SoftBank to write down $1.5bn Greensill investment

  • The writedown occurred at the end of 2020 and SoftBank is considering dropping the valuation to close to zero, the report said.
  • Greensill, owned by billionaire Lex Greensill, has been looking to raise funds with the aim of going public, according to the report.
Published 01 Mar, 2021 08:02pm
Polish and Chinese presidents discuss buying Chinese COVID vaccine
World

Polish and Chinese presidents discuss buying Chinese COVID vaccine

  • At the request of Prime Minister Mateusz Morawiecki, the president also raised the question of Polish-Chinese cooperation in the fight against the coronavirus pandemic, including the possibility of Poland purchasing vaccines produced in China.
  • Like other EU countries, Poland's vaccination programme has been hampered by delays in deliveries from producers like AstraZeneca and Pfizer.
Published 01 Mar, 2021 07:59pm
Rocket Lab set to launch publicly in $4.1bn SPAC merger
Business & Finance

Rocket Lab set to launch publicly in $4.1bn SPAC merger

  • The move marks the latest in a series of special purpose acquisition companies (SPAC) buying space firms including Richard Branson's Virgin Galactic and rocket startup Astra.
  • Earlier on Monday, satellite data company Spire Global Inc agreed to go public through a merger with blank-check acquisition firm NavSight Holdings Inc at a $1.6 billion valuation.
Updated 01 Mar, 2021 07:59pm
First UAE ambassador arrives in Israel, eyes Tel Aviv embassy
World

First UAE ambassador arrives in Israel, eyes Tel Aviv embassy

  • Mohamed Al Khaja, former chief of staff to the UAE foreign minister, was due to present his credentials to Israeli President Reuven Rivlin at the start of a three-day visit.
  • "My mission here is to foster and develop this relationship...and we hope this will bring peace and prosperity to the people in the Middle East," he said.
Published 01 Mar, 2021 06:10pm
London cocoa climbs to 3-month high, sugar also up
Markets

London cocoa climbs to 3-month high, sugar also up

  • May London cocoa rose by 24 pounds, or 1.4%, to 1,792 pounds a tonne.
  • May raw sugar rose by 0.18 cents, or 1.1%, to 16.63 cents per lb.
  • May arabica coffee fell by 0.05 cents, or 0.1%, to $1.3745 per lb.
Published 01 Mar, 2021 06:06pm
Hungary stretches vaccine supply to counter ‘exponential’ rise in cases
World

Hungary stretches vaccine supply to counter ‘exponential’ rise in cases

  • "Data show exponential growth (in infection)," Muller told an online press briefing. "The coming weeks will be very difficult."
  • Western procurement has also increased, with Hungary upping its order of Pfizer-BioNTech vaccines to 10.87 million from an earlier order of 6.5 million, Muller said.
Published 01 Mar, 2021 06:02pm
Armenians barge into govt building to demand PM's exit
World

Armenians barge into govt building to demand PM's exit

  • The president, however, refused to sign off on the general's removal on Saturday, declaring it unconstitutional.
  • The country's Security Council on Monday urged President Armen Sarkissian to approve the sacking, the Interfax news agency reported. RIA reported that Pashinyan also met Sarkissian on Monday.
Published 01 Mar, 2021 06:00pm
Fourth executive jailed in Britain's Iraq oil bribery case
World

Fourth executive jailed in Britain's Iraq oil bribery case

  • Paul Bond, 68, was found guilty of two counts of bribery after a retrial at London's Southwark Crown Court on Wednesday.
  • Bond is the fourth executive convicted after a five-year Serious Fraud Office (SFO) investigation into Monaco-based consultancy Unaoil, which uncovered bribes of more than $17 million to secure contracts worth $1.7 billion for Unaoil and its Western, blue-chip clients.
Published 01 Mar, 2021 05:58pm
UK's Prince Philip, 99, moves hospital for heart tests
World

UK's Prince Philip, 99, moves hospital for heart tests

  • Philip, the Duke of Edinburgh, was admitted to London's private King Edward VII hospital two weeks ago for treatment for an unspecified, but not related to COVID-19, infection.
  • "The Duke remains comfortable and is responding to treatment but is expected to remain in hospital until at least the end of the week," the palace said.
Published 01 Mar, 2021 05:57pm
Oil jumps on vaccine optimism, US stimulus
Markets

Oil jumps on vaccine optimism, US stimulus

  • US House passes $1.9 trillion COVID-19 relief plan.
  • China Feb factory activity growth drops.
  • Euro zone factories buzzing in Feb as demand soars.
  • OPEC+ meets on Thursday to discuss output.
Published 01 Mar, 2021 05:51pm
Sri Lankan shares fall as consumer, financial stocks drag
Markets

Sri Lankan shares fall as consumer, financial stocks drag

  • Data released after market hours on Thursday showed Sri Lanka's consumer prices rose 3.3% year-on-year in February compared with a 3% rise in January.
  • Cigarette maker Ceylon Tobacco Company Plc slid 4.8% to the Dec. 11 low of 1,000 Sri Lankan rupees, while Lanka ORIX Leasing Company PLC fell 1.5%.
Updated 01 Mar, 2021 05:49pm