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World

Friday, February 5, 2021

US trade gap soars to $679 bn in 2020: govt
USA

US trade gap soars to $679 bn in 2020: govt

*The gap with China in goods trade narrowed by $34.4 billion to $310.8 billion last year, on a modest gain in exports and a small decline in imports, the Commerce Department reported.
Published 05 Feb, 2021 11:56pm
100,000 sign petition calling for unfettered British-N.Irish trade
Europe

100,000 sign petition calling for unfettered British-N.Irish trade

  • A month after Britain left the EU's orbit, it is once again arguing with Brussels over the most contentious issue of its five year Brexit negotiations - rules for trade involving Northern Ireland.
  • To ensure no land border between the British-ruled region and the rest of Ireland.
Published 05 Feb, 2021 09:25pm
US Senators propose limiting liability shield for social media platforms
USA

US Senators propose limiting liability shield for social media platforms

  • Called the SAFE TECH Act, the bill would mark the latest effort to make social media companies like Alphabet Inc's Google, Twitter Inc and Facebook Inc more accountable for "enabling cyber-stalking.
  • The bill would make it clear that Section 230, which was enacted in 1996 as part of a law called the Communications Decency Act,
Published 05 Feb, 2021 09:15pm
Canada's Ivey PMI shows activity contracting in January
USA

Canada's Ivey PMI shows activity contracting in January

  • The seasonally adjusted index rose to 48.4 from 46.7 in December. A reading below 50 indicates decreasing activity.
  • The Ivey PMI measures the month-to-month variation in economic activity as indicated by a panel of purchasing managers in the public and private sectors from across Canada.
Published 05 Feb, 2021 09:09pm
Czechs may follow Hungary in using vaccines not registered in EU
Europe

Czechs may follow Hungary in using vaccines not registered in EU

  • He said he had also spoken about the issue with German officials, including Chancellor Angela Merkel, who he said wanted Russian or Chinese vaccines to be given European approval.
  • Hungary so far is the only EU member to have given emergency use approval to Chinese and Russian vaccines.
Published 05 Feb, 2021 09:05pm
Lockdown still needed in Denmark to combat new virus variant
Europe

Lockdown still needed in Denmark to combat new virus variant

  • Denmark instituted hard lockdown measures in December after seeing infections rise exponentially and in particular to curb the spread of the new B.1.1.7. variant, first identified in Britain.
  • We are down to some very low infection rates and if it were not for the darned B.1.1.7., we would be able to relax.
Published 05 Feb, 2021 09:01pm
US Senators ready bill to limit Section 230
USA

US Senators ready bill to limit Section 230

  • Called the SAFE TECH Act, the bill would mark the latest effort to make social media companies like Alphabet Inc's Google and Facebook Inc more accountable for "enabling cyber-stalking.
Published 05 Feb, 2021 08:59pm
AstraZeneca expects US trial results in next 4-6 weeks
Europe

AstraZeneca expects US trial results in next 4-6 weeks

  • "I think we're getting very close to getting data. I would say in the next four to six weeks we should have the results for that study reading out,"
  • Some experts had expected the data sooner than that, given the high infection rates in the United States during the period of testing.
Published 05 Feb, 2021 08:46pm
US job growth rebound less than expected; more government aid needed
USA

US job growth rebound less than expected; more government aid needed

  • The Labor Department said on Friday nonfarm payrolls increased by 49,000 jobs last month. Data for December was revised to show 227,000 jobs lost instead of 140,000 as previously reported.
  • The unemployment rate was at 6.3% in January. The jobless rate has been understated by people misclassifying themselves as being "employed but absent from work."
Published 05 Feb, 2021 07:55pm
Seven million Italians seen fully vaccinated by end-March
Europe

Seven million Italians seen fully vaccinated by end-March

  • Pfizer and Moderna doses will be administered in parallel, to those over 80 and most exposed to risks, such as health workers.
  • "Meanwhile, the number of Italians that are fully vaccinated will top 1 million today," he said during a weekly press event.
Published 05 Feb, 2021 07:51pm
US trade deficit jumps to 12-year high in 2020
USA

US trade deficit jumps to 12-year high in 2020

  • The Commerce Department said on Friday that the trade deficit jumped 17.7% to $678.7 billion last year.
  • Trade flows have been gradually improving. For December, the trade deficit narrowed 3.5% to $66.6 billion.
Published 05 Feb, 2021 07:48pm
Too delicate: Germany ducks Taiwan appeal for COVID-19 vaccine supply
Europe

Too delicate: Germany ducks Taiwan appeal for COVID-19 vaccine supply

  • While promising help on chips, Taiwan Economy Minister Wang Mei-hua appealed to Germany's de facto ambassador in Taipei for assistance in obtaining vaccines.
  • The first COVID-19 vaccine to win European approval was devised by German biotech startup BioNTech, which is marketing the shot in partnership with US drug company Pfizer Inc.
Updated 05 Feb, 2021 07:19pm
South Africa says term sheet signed for 9mn J&J vaccine doses
Africa

South Africa says term sheet signed for 9mn J&J vaccine doses

  • The ministry said in a presentation in parliament that one of the conditions for the J&J vaccine was the establishment of a no-fault compensation system for adverse events.
  • It added that Moderna had offered the country 200,000 doses of its COVID-19 vaccine priced at $30-$42 a dose in the second quarter.
Published 05 Feb, 2021 06:23pm
Italy's LEU party says will not support a Draghi govt with the League
Europe

Italy's LEU party says will not support a Draghi govt with the League

  • There are issues that make us incompatible with the presence of parties like the League. We have been very clear and I think this has been appreciated.
  • Draghi, who received a mandate to form a new government with broad parliamentary support, is holding talks with parties to muster a majority in the highly fragmented parliament.
Published 05 Feb, 2021 06:08pm
Hungary may start Russia's Sputnik shots next week, says PM
Europe

Hungary may start Russia's Sputnik shots next week, says PM

  • It is scheduled to receive 600,000 doses of Sputnik and another half a million doses of China's Sinopharm vaccine this month.
  • Orban said so far 264,530 Hungarians - healthcare workers and the most vulnerable elderly - have received at least one shot from the Pfizer and Moderna vaccines.
Published 05 Feb, 2021 05:48pm
Virginia lawmakers to vote on abolishing death penalty
USA

Virginia lawmakers to vote on abolishing death penalty

  • The Senate passed the measure earlier this week, and Governor Ralph Northam, a Democrat, said he will sign a repeal into law.
  • "The ultimate punishment has to be available for the ultimate crime," Jason Miyares, a Republican, said, as he held up pictures of Virginia murder victims.
Published 05 Feb, 2021 05:42pm
U.N. Security Council demands Myanmar coup leaders free Suu Kyi as U.S. weighs sanctions
Asia

U.N. Security Council demands Myanmar coup leaders free Suu Kyi as U.S. weighs sanctions

  • The United Nations Security Council called for the release of Myanmar leader Aung San Suu Kyi and others detained by the military as diplomatic and financial pressure grew on the generals who seized power this week to restore democracy.
  • U.S. President Joe Biden said the military should step down as the administration considered slapping sanctions on the generals responsible for Monday’s coup in the Southeast Asian country.
Published 05 Feb, 2021 02:20pm
Al-Qaeda's leader in Yemen under arrest: UN report
World

Al-Qaeda's leader in Yemen under arrest: UN report

  • The report -- filed to the Security Council from a UN monitoring team specializing in extremist groups -- is the first official confirmation of Batarfi's arrest following unverified reports.
Published 05 Feb, 2021 10:37am
J&J files COVID-19 vaccine application with U.S. FDA
World

J&J files COVID-19 vaccine application with U.S. FDA

  • The drugmaker’s application to the U.S. Food and Drug Administration (FDA) follows its Jan. 29 report in which it said the vaccine had a 66% rate of preventing infections in its large global trial.
Published 05 Feb, 2021 09:52am
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