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Archive - 2021-01-05
World Bank working with countries to resolve vaccine indemnification hurdles
World

World Bank working with countries to resolve vaccine indemnification hurdles

  • He said Bank officials were working with countries to address one of the key obstacles - rules that leave vaccine makers open for lawsuits or judgments - through legislation or other processes.
  • Malpass also appealed to advanced economies to release reservations of vaccines beyond their ability to distribute them.
Published 05 Jan, 2021 09:10pm
Brazil's real leads Latam FX losses on virus fears
Forex

Brazil's real leads Latam FX losses on virus fears

  • The real sank 1.2% after dropping nearly 2% on Monday. The country posted a negative trade balance in December.
  • The country is among the worst hit by the coronavirus and is racing to ramp up inoculations.
Published 05 Jan, 2021 08:54pm
Amazon buys 11 aircraft to make deliveries faster
Companies

Amazon buys 11 aircraft to make deliveries faster

  • The aircraft, including seven from Delta Air Lines and four from WestJet Airlines, will join Amazon's air cargo network by 2022.
  • Having a mix of both leased and owned aircraft in our growing fleet allows us to better manage our operations.
Published 05 Jan, 2021 08:47pm
Crypto trading volumes hit record $68.3bn on Monday
Forex

Crypto trading volumes hit record $68.3bn on Monday

  • Bitcoin hit a record high $34,800 on Sunday, building on a 2020 rally that saw it more than quadruple as bigger US investors jumped into the market.
  • The second-biggest cryptocurrency, ethereum, which tends to trade in tandem with bitcoin.
Published 05 Jan, 2021 08:43pm
TSX rises on boost from energy stocks
Stocks

TSX rises on boost from energy stocks

  • The energy sector rose 2.6% as US crude prices were up 2.6% a barrel, while Brent crude added 2.0%.
  • Oil prices rose on Tuesday as tension simmered following Iran's seizure of a South Korean vessel.
Published 05 Jan, 2021 08:34pm
Dry weather expected to keep pressuring Argentine soy, corn yields
Commodities

Dry weather expected to keep pressuring Argentine soy, corn yields

  • Months of hot, dry weather have put the country's two main cash crops at risk. Argentina is the No. 3 international corn supplier.
  • With these weather conditions it is difficult to continue to assume that yield development will be normal, resulting in a corn crop of 48 million tonnes.
Published 05 Jan, 2021 08:30pm
Prada to post 2020 operating profit after strong H2 rebound in sales
Companies

Prada to post 2020 operating profit after strong H2 rebound in sales

  • The Milanese luxury brand said it had decided to provide the unscheduled business update.
  • The fallout from the COVID-19 crisis triggered a 40% decline in Prada's like-for-like revenues in the first half of the year leading to a 196 million euros operating loss ($240.5 million).
Published 05 Jan, 2021 08:26pm
Britons ordered to stay at home as third national lockdown begins
Europe

Britons ordered to stay at home as third national lockdown begins

  • Highly contagious new COVID variant spreading fast.
  • Hospitals under strain, risk being overwhelmed.
  • All schools, non-essential shops, hospitality closed.
  • Measures to last at least seven weeks, likely longer.
  • Italy, Germany keep restrictions in place as infections soar.
Published 05 Jan, 2021 07:38pm
German energy usage fell 8.7pc to record low in 2020
Energy

German energy usage fell 8.7pc to record low in 2020

  • Energy usage in Europe's biggest economy had already fallen to its lowest level since the early 1970s in 2019 due to its long-term shift to service industries and greater efficiency.
  • Germany used 398.8 million tonnes of coal equivalent, an industry standard measure, in 2020.
Published 05 Jan, 2021 07:19pm
Spanish jobless rate soars towards 4 million as pandemic weighs
Europe

Spanish jobless rate soars towards 4 million as pandemic weighs

  • Tuesday's labour ministry reading of 3.89 million marked a 22% rise year on year, and excluded some 755,000 workers on a state-supported furlough scheme.
  • Joaquin Perez Rey, the secretary of state for employment, described the data as bad but also "full of anomalies".
Published 05 Jan, 2021 07:14pm
Ex-chairman of China Huarong Asset Management sentenced to death
South Asia

Ex-chairman of China Huarong Asset Management sentenced to death

  • Lai Xiaomin was convicted of receiving or seeking bribes totalling 1.788 billion yuan ($276.72 million) from 2008 to 2018.
  • The severe treatment of Lai Xiaomin reflects the strong determination of the Central Committee with President Xi Jinping as the core to administer the party and its zero tolerance in punishing corruption.
Published 05 Jan, 2021 07:08pm
Kenin ready to seek Djokovic's advice in Australian Open defence
Sports

Kenin ready to seek Djokovic's advice in Australian Open defence

  • Kenin won her maiden Grand Slam in Melbourne last year which set the American on course to break into the top 10 and claim the WTA Player of the Year award.
  • I definitely think I can talk to Novak... I think that will be helpful since we're both defending champions.
Published 05 Jan, 2021 07:02pm
Govt to complete its constitutional tenure: Omer Ayub
Pakistan

Govt to complete its constitutional tenure: Omer Ayub

  • The minister said that in KP no political party ever get a chance to form a government twice.
  • Omer Ayub said under the leadership of Imran Khan PTI secured a two-third majority in the province and established government.
Published 05 Jan, 2021 06:54pm
Indian shares close at record high on HDFC boost
Stocks

Indian shares close at record high on HDFC boost

  • The blue-chip NSE Nifty 50 index ended 0.47% higher at 14,199.5, while the benchmark S&P BSE Sensex gained 0.54% to 48,437.78.
  • Indian shares hit record highs on Friday and Monday to kick off the new year.
Published 05 Jan, 2021 05:24pm
German unemployment stable in December
Europe

German unemployment stable in December

  • Unemployment fell by 37,000 people, seasonally adjusted, to 2.7 million, although the figure is still nearly half a million higher than in December 2019.
Published 05 Jan, 2021 05:23pm
Germany set to extend lockdown until end of January
Europe

Germany set to extend lockdown until end of January

  • Like many other European countries, Germany is struggling to contain a second wave of the virus.
  • Merkel and state premiers are largely agreed on keeping shops and restaurants shut until the end of January.
Published 05 Jan, 2021 05:13pm
Turkey targets tax and price rises to lessen inflationary impact
Europe

Turkey targets tax and price rises to lessen inflationary impact

  • Inflation ended 2020 above government forecasts at 14.6%, mainly due to a sharp decline in the lira and surging food prices.
  • Bankers said the government, in a departure from previous years, is hiking taxes and prices on items that account for only a small portion of the inflation basket.
Published 05 Jan, 2021 04:59pm
COVID-19 pandemic: Russia again offers supply of Sputnik-V vaccine to Pakistan
Pakistan

COVID-19 pandemic: Russia again offers supply of Sputnik-V vaccine to Pakistan

  • RDIF head Kirill Dmitriev has written a letter to SAPM on Health Dr Faisal Sultan through the country’s embassy in Islamabad seeking details of the vaccine's registration process
  • Dmitriev expressed keen interest in registration of the Russian vaccine in Pakistan and sought details regarding the country’s demand for supply of the first batch of jabs.
Published 05 Jan, 2021 04:58pm
Egypt sends foreign minister to Gulf Arab leaders' summit
Africa

Egypt sends foreign minister to Gulf Arab leaders' summit

  • Foreign Minister Sameh Shoukry flew to the summit in al-Ula in Saudi Arabia after an announcement that Riyadh would reopen its airspace and sea and land border to Qatar.
  • When the boycott was announced, Egypt and its allies demanded Qatar cut ties with the Muslim Brotherhood, among other demands.
Published 05 Jan, 2021 04:52pm
Polish assets gain as CEE stocks, FX mostly ease
Stocks

Polish assets gain as CEE stocks, FX mostly ease

  • Czech bond yields dipped from new highs as markets priced in budget news before the finance ministry announces 2020 deficit figures on Tuesday.
  • The theme of lockdowns in Europe appeared again and it weighed on clothing retailers but today they are bouncing back.
Published 05 Jan, 2021 04:37pm
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