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World - 2021-02-26
Canada budget deficit swells to C$248bn over first nine months of 2020/21
USA

Canada budget deficit swells to C$248bn over first nine months of 2020/21

  • Revenues dropped by 15.6% reflecting a broad-based decline including lower tax revenues. Program expenses, meanwhile, jumped 86.1% largely due to emergency transfers to individuals, businesses and the provinces.
  • On a monthly basis, Canada posted a deficit of C$16.15 billion in December 2020, compared to the C$782 million surplus recorded in December 2019.
Published 26 Feb, 2021 09:26pm
France flags G20 consensus on tax reform, IMF SDRs, debt
Europe

France flags G20 consensus on tax reform, IMF SDRs, debt

  • Le Maire said talks on rewriting decades-old rules on cross-border taxation needed to wrap up by summer and that a new allocation of International Monetary Fund (IMF) special drawing rights, along with a new G20 framework to ease poor countries' debt, were needed.
Published 26 Feb, 2021 09:21pm
US House on verge of approving Biden's $1.9 trillion COVID-19 aid plan
USA

US House on verge of approving Biden's $1.9 trillion COVID-19 aid plan

  • The measure would also send a new round of emergency financial aid to households, small businesses and state and local governments.
  • A group of Senate Republicans had offered Biden a slimmed-down alternative, but the White House and some economists insist a big package is needed.
Published 26 Feb, 2021 09:10pm
Biden says US will hold Russia accountable over Crimea
USA

Biden says US will hold Russia accountable over Crimea

  • The United States does not and will never recognize Russia's purported annexation of the peninsula, and we will stand with Ukraine against Russia's aggressive acts. We will continue to work to hold Russia accountable for its abuses and aggression in Ukraine.
  • The Biden administration has said still conducting its foreign policy reviews regarding Russia, China and other key areas after taking the reins from former Republican President Donald Trump on Jan. 20.
Published 26 Feb, 2021 09:08pm
Czech parliament backs new pandemic powers as government seeks tighter lockdown
Europe

Czech parliament backs new pandemic powers as government seeks tighter lockdown

  • The country of 10.7 million has had among the world's highest per capita rates of COVID-19 cases and deaths in recent weeks, with new variants complicating the situation.
  • The so-called pandemic bill was supported by almost all parties in parliament and gives the Health Ministry the right to issue bans and orders, like closing shops or services, with the cabinet's consent.
Published 26 Feb, 2021 09:07pm
Philippines' Duterte signs indemnity bill for COVID-19 vaccine rollout
South Asia

Philippines' Duterte signs indemnity bill for COVID-19 vaccine rollout

  • Despite having one of the highest number of coronavirus infections in Asia, the Philippines will be the last Southeast Asian nation to receive its initial set of vaccines.
  • It covers the creation of a 500 million pesos ($10.26 million) indemnity fund to cover compensation for potential serious adverse effects stemming from the doses' emergency use.
Published 26 Feb, 2021 09:01pm
Ahead of Blinken meeting, Mexico president says energy policy is a sovereign matter
USA

Ahead of Blinken meeting, Mexico president says energy policy is a sovereign matter

  • Lopez Obrador, an energy nationalist who has sought to renegotiate electricity and pipeline contracts with US and Canadian companies, faced little pressure from former US President Donald Trump over his policies.
  • In seeking to use more domestic fuel, Lopez Obrador has also limited the growth of foreign renewable energy operators in a move critics say affects Mexico's climate emission obligations.
Published 26 Feb, 2021 08:23pm
Moldova denies it has approved Russia's Sputnik V COVID-19 shot
Europe

Moldova denies it has approved Russia's Sputnik V COVID-19 shot

  • Sorina Stefirta told journalists that the Sputnik V vaccine would only be approved in Moldova after it had been registered by the World Health Organisation.
  • The Russian Direct Investment Fund and former Moldovan president Igor Dodon earlier said the shot had been approved.
Published 26 Feb, 2021 08:21pm
Trump's hold on Republican Party on display as conservatives gather
USA

Trump's hold on Republican Party on display as conservatives gather

  • In his speech, Trump is expected to talk about the future of the party and lay out policy differences within a group riven by differences on the way forward in the wake of his chaotic four years in office.
  • The divide right now is between the 'Beltway elites' and the conservative grassroots around the country.
Published 26 Feb, 2021 08:10pm
UK vaccine committee advises COVID-19 shot rollout should continue by age
Europe

UK vaccine committee advises COVID-19 shot rollout should continue by age

  • Britain's vaccine rollout has been among the fastest in the world, meeting a government target to offer vaccines to 15 million high-risk people by mid-February.
  • "We know the age based programme is simple and works very well, and therefore, it seems sensible to continue with that, keeping an eye on speed."
Published 26 Feb, 2021 07:27pm
Iran threatens to end deal with IAEA over U.S.-led push to criticize it
Asia

Iran threatens to end deal with IAEA over U.S.-led push to criticize it

  • Iran and U.S. President Joe Biden’s administration are now locked in a standoff over who should move first to save the unravelling 2015 deal. Tehran says Washington should lift sanctions first.
  • “Iran perceives this move as destructive and considers it as an end to the Joint Understanding of 21 February 2021 between the Agency and the Islamic Republic of Iran.”
Published 26 Feb, 2021 07:24pm
Hungary may have to tighten lockdown as COVID cases jump, PM says
Europe

Hungary may have to tighten lockdown as COVID cases jump, PM says

  • Orban also said all the 2.5 million to 2.6 million Hungarians who have registered for COVID-19 vaccinations so far would receive at least one dose by Easter, in early April.
  • Orban, speaking on state radio, said he hoped to get vaccinated with a shot developed by China's Sinopharm early next week.
Published 26 Feb, 2021 07:09pm
G20 should not withdraw fiscal support too early
Europe

G20 should not withdraw fiscal support too early

  • "We must not scale back the support programs too early and too quickly," Scholz said ahead of a virtual meeting of finance ministers and central bank governors of the world's top 20 economies, adding he would campaign with his G20 colleagues for continued stimulus.
Published 26 Feb, 2021 07:06pm
Take 'fantastic' AstraZeneca vaccine, top officials tell Germans
Europe

Take 'fantastic' AstraZeneca vaccine, top officials tell Germans

  • German officials have expressed growing disquiet over the quantities of the AstraZeneca vaccine being left untaken by nervous Germans.
  • "We strongly recommend it: this vaccine is safe and effective, it protects," Health Minister Jens Spahn told a news conference.
Published 26 Feb, 2021 07:04pm
Chile says November to January jobless rate 10.2pc
USA

Chile says November to January jobless rate 10.2pc

  • Unemployment in Chile, the world's top copper producer, hit a decade-long high of 13.1% in July, during the peak of the pandemic. The jobless rate during the October to December period was 10.3%.
Published 26 Feb, 2021 07:03pm
Ivory Coast becomes second country to receive COVAX vaccines
Africa

Ivory Coast becomes second country to receive COVAX vaccines

  • A plane carrying 504,000 doses touched down in the commercial capital Abidjan, paving the way for the West African nation to launch a vaccination campaign.
  • You want to make sure that the right regulatory approval, the right cold storage is there and everything else, otherwise you risk having things not work.
Published 26 Feb, 2021 06:44pm
London could lose out to New York under draft EU finance deal: document
Europe

London could lose out to New York under draft EU finance deal: document

  • Britain's financial services industry has been largely cut off from the EU, its biggest customer, since a Brexit transition period ended on Dec. 31 as the sector is not covered by the UK-EU trade deal.
  • Trading in EU shares and derivatives, for example, has already left Britain for continental Europe.
Published 26 Feb, 2021 06:31pm
UN human rights boss urges Saudi Arabia to allow free speech, assembly
Middle East

UN human rights boss urges Saudi Arabia to allow free speech, assembly

  • Hathloul campaigned for women's right to drive and to end Saudi Arabia's guardianship system that requires women to obtain permission of a male relative for certain decisions and travel.
  • Bachelet did not refer to the expected release by the Biden administration of a sensitive US intelligence report on the 2018 murder of Saudi journalist Jamal Khashoggi.
Published 26 Feb, 2021 06:29pm
Brazil unemployment rate falls to 13.9pc in quarter through December
USA

Brazil unemployment rate falls to 13.9pc in quarter through December

  • The average unemployment rate last year was 13.5%, IBGE said, up from 11.9% the year before and the highest since the series began eight years ago.
  • The IBGE figures showed 86.2 million Brazilians had work, up 4.5%, or 3.7 million people, from the July-September period, although still down 8.9%, or 8.4 million people, from the same period a year earlier.
Published 26 Feb, 2021 06:05pm
Brazil public sector debt rises to record 89.7pc of GDP in January
USA

Brazil public sector debt rises to record 89.7pc of GDP in January

  • The public sector surplus excluding interest payments of 58.4 billion reais was more than the 50 billion reais surplus forecast in a Reuters poll of economists, and the overall deficit in the 12 months through January was worth 9.4% of gross domestic product.
Published 26 Feb, 2021 05:58pm
IPRI hosts distinguished lecture series on Afghan Peace Process
South Asia

IPRI hosts distinguished lecture series on Afghan Peace Process

  • On Friday, the Islamabad Policy Research Institute (IPRI) hosted the distinguished lecture series on the "Afghan Peace Process: The Contours, Implementation, and Contemporary Status” by Pakistan’s Ambassador to Afghanistan, Mansoor Ahmad Khan.
  • While discussing the dynamics of the Afghan Peace Process, Ambassador Mansoor Ahmad Khan noted that there are three parties to ensure a durable peace process in Afghanistan, which include the United States, the Taliban and the Afghan Republic.
Updated 26 Feb, 2021 05:07pm
Pfizer COVID-19 vaccine reduces transmission after one dose - UK study

Pfizer COVID-19 vaccine reduces transmission after one dose - UK study

  • “Our findings show a dramatic reduction in the rate of positive screening tests among asymptomatic healthcare workers after a single dose of the Pfizer-BioNTech vaccine,” said Nick Jones, an infectious diseases specialist at Cambridge University Hospital, who co-led the study.
Published 26 Feb, 2021 04:17pm
FDA says single-dose shot from J&J prevents severe COVID
USA

FDA says single-dose shot from J&J prevents severe COVID

  • According to an analysis released by U.S regulators, Johnson & Johnson's single-dose vaccine against severe cases of the coronavirus - as the long-anticipated shot could offer the nation a third option to help speed vaccinations by requiring a single dose, rather than two.
Updated 26 Feb, 2021 04:18pm
UN adds name to list of sanctioned Yemenis

UN adds name to list of sanctioned Yemenis

  • The Security Council also stressed the need for UN experts to have access as quickly as possible to the long-abandoned fuel tanker, the FSO Safer, off the coast of Hodeida in the west, an area under Huthi control.
Published 26 Feb, 2021 11:07am
EU leaders debate push to boost defences

EU leaders debate push to boost defences

  • The alliance with North America, which includes 21 EU members, has been the bedrock for European security since it was founded over seven decades ago to confront the Soviet Union.
Published 26 Feb, 2021 10:40am
Biden, Saudi king speak ahead of Khashoggi murder report

Biden, Saudi king speak ahead of Khashoggi murder report

*A respected veteran journalist and editor, Khashoggi was in self-exile and residing in the United States, writing articles critical of the crown prince when he was assassinated on October 2, 2018.
Published 26 Feb, 2021 10:19am
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