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World

Friday, February 12, 2021

Italy's Draghi to meet president, looks set to form government
Europe

Italy's Draghi to meet president, looks set to form government

  • President Sergio Mattarella gave Draghi a mandate to put together a new administration last week following the collapse of the previous coalition.
  • Almost all the major parties have agreed to back Draghi, one of the most respected figures in Italy who carries significant clout on the international stage.
Published 12 Feb, 2021 09:50pm
WHO says all hypotheses still open in probe into virus origins
Europe

WHO says all hypotheses still open in probe into virus origins

  • Some questions have been raised as to whether some hypotheses have been discarded. Having spoken with some members of the team.
  • Some of that work may lie outside the remit and scope of this mission. We have always said that this mission would not find all the answers.
Published 12 Feb, 2021 09:20pm
India's January inflation eases as food prices falls sharply
South Asia

India's January inflation eases as food prices falls sharply

  • January's annual retail inflation was 4.06%, down from 4.59% in December to the lowest since September 2019.
  • Retail food prices, which comprise nearly half of India's inflation basket, increased 1.89% in January from a year earlier, against 3.41% in December.
Published 12 Feb, 2021 08:34pm
Nigeria's president approves set up of $2.6bn infrastructure firm
Africa

Nigeria's president approves set up of $2.6bn infrastructure firm

  • Infra-Co will finance public asset development, rehabilitation and reconstruction as well as invest in cutting edge infrastructure projects for roads.
  • Its board will be chaired by the central bank governor, the managing director Nigeria's sovereign wealth fund.
Published 12 Feb, 2021 08:21pm
Mexican president hails Biden's border wall freeze
USA

Mexican president hails Biden's border wall freeze

  • "We think it's good that they don't build any more walls," said Lopez Obrador, noting that several past US presidents have extended border barriers during their terms.
  • Lopez Obrador also urged US-bound migrants to hold back from seeking to cross illegally just because of the change in presidents.
Updated 12 Feb, 2021 07:35pm
US schools, pressured to reopen in pandemic, to get new CDC guidance
USA

US schools, pressured to reopen in pandemic, to get new CDC guidance

  • The guidance is also expected to cover ventilation in classrooms, contact tracing and quarantine protocols.
  • Pressure to reopen or expand in-person learning has been building as nearly a year of remote learning has taken a toll on US education and family life.
Published 12 Feb, 2021 06:02pm
Amazon sues New York attorney general to preempt a state COVID lawsuit
USA

Amazon sues New York attorney general to preempt a state COVID lawsuit

  • The retailer drew scrutiny 10 months ago when workers protested conditions at a Staten Island warehouse and it fired Smalls for violating a paid quarantine.
  • The atypical lawsuit shows how Amazon believes it was unfairly maligned despite the many COVID-19 precautions it implemented.
Published 12 Feb, 2021 05:56pm
UN rights envoy and US urge sanctions for Myanmar
South Asia

UN rights envoy and US urge sanctions for Myanmar

  • The United States, which imposed its own sanctions on Thursday, urged other UN member states to follow suit, in its first remarks to the Human Rights Council since returning to the forum this week.
  • Security Council resolutions dealing with similar situations have mandated sanctions, arms embargoes, and travel bans, and calling for judicial action at the International Criminal Court or ad hoc tribunals.
Published 12 Feb, 2021 05:46pm
Nigerians win UK court OK to sue Shell over oil spills
Europe

Nigerians win UK court OK to sue Shell over oil spills

  • The ruling comes almost two years after a seminal ruling by the Supreme Court in a case involving mining company Vedanta.
  • The judgment allowed nearly 2,000 Zambian villagers to sue Vedanta in England for alleged pollution in Africa.
Published 12 Feb, 2021 05:35pm
Bosnia begins COVID-19 vaccination roll-out with Russian vaccine
Europe

Bosnia begins COVID-19 vaccination roll-out with Russian vaccine

  • Bosnia had not received any vaccines until last week, when its first batch of Russia's Sputnik V vaccine arrived.
  • Bosnia, which also comprises the Bosniak-Croat Federation that has not received any vaccines yet, has ordered 1.2 million vaccine doses under the COVAX scheme and nearly 900,000 from the EU.
Published 12 Feb, 2021 05:28pm
UK economy suffers record 9.9% slump in 2020 after COVID-19 hit
Europe

UK economy suffers record 9.9% slump in 2020 after COVID-19 hit

  • Britain’s coronavirus-ravaged economy slumped by 9.9% in 2020, the biggest annual crash in output in more than 300 years, but it avoided heading back towards recession at the end of last year and looks to be on course for a recovery in 2021.
  • Britain’s economy grew 1.2% in December alone, after a 2.3% fall in output in November when there was a partial lockdown, leaving output 6.3% lower than in February before the start of the pandemic, the Office for National Statistics said.
Published 12 Feb, 2021 03:46pm
Three wounded as hundreds of thousands of protesters defy Myanmar junta
Asia

Three wounded as hundreds of thousands of protesters defy Myanmar junta

  • Supporters of ousted Myanmar leader Aung San Suu Kyi clashed with police on Friday as hundreds of thousands joined nationwide pro-democracy demonstrations in defiance of the junta’s call to halt mass gatherings.
  • Mostly peaceful protests erupted around the Southeast Asian country in the biggest mass demonstrations so far against last week’s military coup, a day after Washington slapped sanctions on the generals who led the takeover.
Published 12 Feb, 2021 03:40pm
G7 seen backing issuance of new IMF SDRs
World

G7 seen backing issuance of new IMF SDRs

  • One IMF expert said a $500 billion boost in SDRs would deliver some $14 billion in added reserves to low-income countries and $60 billion to emerging markets, but others said the yields could be much higher.
Published 12 Feb, 2021 10:58am
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