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Reuters

World Bank to invest $5bn in 11 African countries
World

World Bank to invest $5bn in 11 African countries

  • World Bank Group President David Malpass said the investment would help improve livelihoods as those countries recovered from the outbreak and dealt with the impact of biodiversity loss and climate change through 2025.
Published 11 Jan, 2021 09:54pm
South African rand hits two-month low, Naspers lifts stocks
Markets

South African rand hits two-month low, Naspers lifts stocks

  • The rand was at 15.5800 versus the dollar, 1.86% weaker than its previous close, and trading at its weakest since Nov. 13.
  • A stronger US Dollar and a worsening COVID-19 situation in South Africa could see a break above resistance toward the November swing high at 15.7357.
Published 11 Jan, 2021 09:52pm
Euro zone bond yields jump as risk-off mood grips markets
Markets

Euro zone bond yields jump as risk-off mood grips markets

  • The market trend shifted abruptly in Europe as Wall Street opened and expectations of a multi-trillion-dollar stimulus plan lifted US 10-year notes yields to 1.134%.
  • Germany's 10-year Bond yield reversed earlier falls and rose to -0.491%, its highest in two months.
Published 11 Jan, 2021 09:48pm
Italy reports 448 coronavirus deaths on Monday, 12,532 new cases
World

Italy reports 448 coronavirus deaths on Monday, 12,532 new cases

  • The number of swab tests also fell, as often happens over the weekend, amounting to just 91,656 against a previous 139,758.
  • Patients in hospital with COVID-19 - not including those in intensive care - stood at 23,603 on Monday, up 176 from a day earlier.
Published 11 Jan, 2021 09:45pm
Bangladesh to begin COVID-19 vaccinations next month
World

Bangladesh to begin COVID-19 vaccinations next month

  • The South Asian country of more than 160 million in November signed a deal with the Serum Institute of India to buy 30 million doses of the vaccine developed by British drugmaker AstraZeneca.
  • The vaccine will be first applied on the health workers and it will be monitored for the next seven days. After that, we'll begin the vaccination across the country in the first week of February.
Published 11 Jan, 2021 09:43pm