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World - 2021-02-18
Canadian home prices rise again in January but gains slow
USA

Canadian home prices rise again in January but gains slow

  • Prices rose 2.0% in Hamilton, 1.0% in Montreal and 0.6% in Victoria, but the index was down 0.1% in Toronto, 0.2% in Calgary, and 0.4% in both Edmonton and Winnipeg.
  • Ottawa-Gatineau continued to lead year-over-year gains, up 19.6% from January 2020, followed by Halifax at 16.9% and Hamilton at 16.5%. Calgary home prices are down 0.5% on the year.
Published 18 Feb, 2021 08:38pm
US weekly jobless claims unexpectedly rise
USA

US weekly jobless claims unexpectedly rise

  • Initial claims for state unemployment benefits totaled a seasonally adjusted 861,000 for the week ended Feb. 13, compared to 848,000 in the prior week.
  • Ford Motor has reduced shifts at its Dearborn truck plant and Kansas City assembly plant.
Published 18 Feb, 2021 08:24pm
Canada sees biggest jobs decline in eight months in January: ADP
USA

Canada sees biggest jobs decline in eight months in January: ADP

  • December data was revised to show 338,200 jobs were gained rather than a decline of 28,800.
  • The report, which is derived from ADP's payrolls data, measures the change in total nonfarm payroll employment each month on a seasonally-adjusted basis.
Published 18 Feb, 2021 08:19pm
UK Black and South Asian groups lag in COVID-19 vaccinations
Europe

UK Black and South Asian groups lag in COVID-19 vaccinations

  • Among those from South Asian backgrounds, 73% of people aged 70-79 had been vaccinated by Feb. 11.
  • Simon Stevens, chief executive of the National Health Service in England, on Monday said this hesitancy was a "real concern" and that a huge effort was being made to overcome it.
Published 18 Feb, 2021 08:10pm
Brainard: Fed wants maximum employment, growth that is sustainable
USA

Brainard: Fed wants maximum employment, growth that is sustainable

  • "We will be very focused on trying to understand how climate related risks but also the potential transition pathways might effect our economic growth over the medium to long term," Brainard said.
  • The focus on investments in a sustainable economy that are pro-growth, that are pro-jobs, those are the kinds of priorities that square very well with our overall framework.
Published 18 Feb, 2021 08:06pm
US housing starts fall in January; permits soar
USA

US housing starts fall in January; permits soar

  • Housing starts decreased 6.0% to a seasonally adjusted annual rate of 1.580 million units last month, the Commerce Department said on Thursday.
  • Permits for future homebuilding shot up 10.4% to a rate of 1.881 million units in January. Permits typically lead starts by one to two months.
Published 18 Feb, 2021 08:01pm
Egypt's Sisi offers support to Libya's new PM
Africa

Egypt's Sisi offers support to Libya's new PM

  • Egypt has welcomed the announcement of a new interim government - the latest UN-brokered effort to unite rival camps in east and west Libya - and is planning to reopen its embassy in the capital Tripoli.
  • After the meeting, Dbeibeh tweeted: "We look forward to a strategic relationship between the two brotherly countries."
Published 18 Feb, 2021 08:00pm
World Bank names Senegalese national to head IFC private-sector arm
USA

World Bank names Senegalese national to head IFC private-sector arm

  • He also served as the bank's vice president for Africa for six years, where he oversaw a record-breaking $70 billion in commitments.
  • "Makhtar's skills at IFC will help the World Bank Group continue our rapid response to the global crisis and help build a green, resilient, inclusive recovery," Malpass said.
Published 18 Feb, 2021 07:56pm
US import prices post biggest gain since 2012
USA

US import prices post biggest gain since 2012

  • The Labor Department said on Thursday import prices jumped 1.4% last month, the biggest gain since March 2012, after increasing 1.0% in December.
  • Imported fuel prices increased 7.4% last month after soaring 8.1% in December. Imported food prices surged 2.1%.
Published 18 Feb, 2021 07:53pm
China to donate 100,000 doses of COVID-19 vaccines to Namibia
Africa

China to donate 100,000 doses of COVID-19 vaccines to Namibia

China, aiming to cultivate goodwill through so-called vaccine diplomacy, has already donated vaccines to a number of African nations as they struggle to obtain doses. * "This fully reflects the high-level bilateral relations between our two countries," he said, adding that the two countries were coordinating closely to deliver the vaccine to Namibia as early as possible.
Published 18 Feb, 2021 07:37pm
More than 11,000 Ebola vaccines expected in Guinea this weekend
Africa

More than 11,000 Ebola vaccines expected in Guinea this weekend

  • "Once the vaccines are here in Guinea on Sunday, the vaccination campaign can start from Monday," said Mohamed Lamine Yansane.
  • "We think it's not likely at all that we will have a similar situation in Guinea and the neighbouring West African countries as happened in the past because capacities have been built up," Moeti said.
Published 18 Feb, 2021 07:01pm
Diplomats check India's easing of Kashmir clampdown
Asia

Diplomats check India's easing of Kashmir clampdown

  • Despite the government’s desire to showcase normalcy, several roads were deserted and markets were partially shut because of a security clampdown
  • Tens of thousands of people have been killed in an uprising against Indian rule in Muslim-majority Kashmir that started in 1989, but violence has slowed in recent months.
Published 18 Feb, 2021 02:11pm
Australian media firms squeeze more from Google as new law looms

Australian media firms squeeze more from Google as new law looms

  • Dwarfs the $76 million Google will split between 121 publishers in France over three years, which averages $209,000 a year per publisher
  • The Australian deals come days before the government plans to pass laws that would allow it to appoint an arbitrator to set Google’s content fees if it can’t strike a deal privately
Published 18 Feb, 2021 11:28am
News Corp signs news partnership deal with Google

News Corp signs news partnership deal with Google

  • The companies will develop a subscription platform, share advertising revenue through Google’s ad technology services, build out audio journalism and develop video journalism by YouTube
  • The deal comes after years of public feuding between Murdoch and Google, most recently in Australia, where Google has threatened to shut down its search engine to avoid “unworkable” content laws
Published 18 Feb, 2021 11:26am
Child killed, 29 wounded in Libya mortar attack: UN

Child killed, 29 wounded in Libya mortar attack: UN

  • UNSMIL said it "calls on authorities to ensure an independent, impartial and prompt investigation into this heinous attack on civilians and calls for perpetrators to be brought to justice."
Published 18 Feb, 2021 10:45am
US manufacturer stuck with 30mn N95 masks

US manufacturer stuck with 30mn N95 masks

  • Secondly, said Arguello, US companies cannot sell their masks at the retail level because they cannot advertise them online, due to the ban imposed by companies such as Google and Facebook.
Published 18 Feb, 2021 10:31am
Draghi sets out plan to rebuild virus-hit Italy

Draghi sets out plan to rebuild virus-hit Italy

  • In a second speech on Wednesday evening, he also pleaded for a revival of a failed policy: forcing EU countries to each take a share of the migrants arriving from across the Mediterranean, after years of Italy shouldering much of the burden.
Published 18 Feb, 2021 10:23am
Power outages, water shortages as Texas shivers

Power outages, water shortages as Texas shivers

  • "My car got stranded and I was trying to sleep in the car but it was just too cold," Hernandez said. "Liquids in my car were actually turning to ice so it was like sleeping in an ice box.
Published 18 Feb, 2021 10:17am
Trump rages, Biden yawns

Trump rages, Biden yawns

  • "Let's say somebody gets impeached, typically your numbers would go down, they would go down like a dead balloon. But the numbers are very good, they're very high," he said.
Published 18 Feb, 2021 10:03am
Boeing 737 MAX back in European skies

Boeing 737 MAX back in European skies

PARIS: The Boeing 737 MAX made its first commercial flight in Europe on Wednesday since being grounded for 22 months...
Published 18 Feb, 2021 04:08am
Facebook blocks news content in Australia as it blasts proposed law

Facebook blocks news content in Australia as it blasts proposed law

  • The Australian federal government has said it plans to put the legislation, which effectively force Google and Facebook to strike deals with media companies or have fees set for them, to a vote in the coming weeks.
  • The move, announced in a blog post on Wednesday, represents a divergence in responses among the big tech giants under attack by news publishers, which have blamed the companies for destroying their advertising business.
Published 18 Feb, 2021 01:43am