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Reuters

Google launches $3mn fund to fight vaccine misinformation
Technology

Google launches $3mn fund to fight vaccine misinformation

  • The "COVID-19 Vaccine Counter Misinformation Open Fund" aims to support journalistic efforts to effectively fact-check misinformation about the COVID-19 immunisation process.
  • While the COVID-19 infodemic has been global in nature, misinformation has also been used to target specific populations.
Published 12 Jan, 2021 09:13pm
Sanofi's standalone drug ingredients business to be called EUROAPI
Business & Finance

Sanofi's standalone drug ingredients business to be called EUROAPI

  • The company signalled last February it intended to carve out its active pharmaceutical ingredients business, which provides biologically active components for drugs.
  • Sanofi said it expected the new company, which will be based in France and have 3,200 staff, to have sales of around 1 billion euros ($1.2 billion) by 2022.
Published 12 Jan, 2021 09:10pm
Wheat up 10-12 cents, soy up 5-7 cents, corn up 1-3 cents
Markets

Wheat up 10-12 cents, soy up 5-7 cents, corn up 1-3 cents

  • Egypt has canceled an international tender to buy wheat with no purchase made, the country's state grain buyer said.
  • The CBOT's most-active corn contract gained in overnight trading in anticipation of a tightened supply and demand picture in Tuesday's USDA report.
Published 12 Jan, 2021 09:02pm
Lenovo to issue CDRs worth 10pc of shares outstanding on STAR market
Markets

Lenovo to issue CDRs worth 10pc of shares outstanding on STAR market

  • It would seek a specific mandate from shareholders to issue up to 1.34 billion shares or 10% of shares in issue.
  • The Beijing-based company said it intends to use the proceeds from the issuance for research and development of new technologies, products and solutions, among others.
Published 12 Jan, 2021 08:59pm
Italian BTP yields jump on political uncertainty fears
Markets

Italian BTP yields jump on political uncertainty fears

  • Italy's 10-year bond yield was up 8.5 basis points at 0.629%, after hitting its highest since Dec. 2.
  • Some headlines are weighing heavily on Italian government bond prices. Market is worried about any development that could lead to a euro-sceptic policy in Italy.
Published 12 Jan, 2021 08:53pm
Ukraine asks EU neighbours for more help getting COVID-19 vaccines
World

Ukraine asks EU neighbours for more help getting COVID-19 vaccines

  • The pandemic has killed more than 20,000 Ukrainians and plunged one of Europe's poorest countries into recession last year.
  • Ukraine has agreed to buy some vaccines from China and also expects to secure some under the global COVAX programme for poorer countries.
Published 12 Jan, 2021 08:51pm
PIMCO says 2021 'not a time for excessive optimism'
World

PIMCO says 2021 'not a time for excessive optimism'

  • In its 2021 outlook published Tuesday, the California-based fixed-income investor, which manages over $2 trillion in assets.
  • Investors may have become too complacent as reflected by the bullish consensus positioning. As these risk factors underline.
Published 12 Jan, 2021 08:44pm
Britain's John Lewis suspends click & collect due to COVID-19
Business & Finance

Britain's John Lewis suspends click & collect due to COVID-19

  • The department stores' in-home services and installations teams will also only carry out a significantly reduced range of activities in customers' homes.
  • The partnership's Waitrose supermarket chain has also followed rivals in making the wearing of face coverings by customers mandatory.
Published 12 Jan, 2021 08:35pm
Yields highest since March before 10-year auction
Markets

Yields highest since March before 10-year auction

  • Investors are watching to see if the recent rise in yields will lure buyers to today's $38 billion sale of 10-year notes.
  • The Georgia Senate run-off elections really changed the landscape for the outlook pretty significantly as there is now potentially very significant additional stimulus.
Published 12 Jan, 2021 08:28pm