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World

Tuesday, March 16, 2021

Brazil economy creates record number of formal jobs in January
USA

Brazil economy creates record number of formal jobs in January

  • The robust figures come after data on Monday showed activity in Latin America's largest economy was also much stronger in January than economists had expected, indicating a solid start to the year.
  • A net 260,353 formal jobs were created in January, the Economy Ministry said, more than double the 122,000 increase forecast in a Reuters poll of economists, led by industry and services.
Published 16 Mar, 2021 09:40pm
US lawmakers seek 20pc boost in foreign affairs budget, with eye on China
USA

US lawmakers seek 20pc boost in foreign affairs budget, with eye on China

  • Senators Chris Murphy and Chris Van Hollen and Representatives David Cicilline and Ami Bera said the 20% spending increase would enhance the country's ability to compete with China, prevent another pandemic and fight climate change.
  • The lawmakers proposed funding of $68.7 billion for the State Department and the US Agency for International Development, versus the current $56.6 billion.
Published 16 Mar, 2021 09:36pm
Mexico expects US response to AstraZeneca vaccine request on Friday
USA

Mexico expects US response to AstraZeneca vaccine request on Friday

  • I'd say we've made good progress, but the details, figures, provisions, won't be known until Friday. We requested as many (AstraZeneca doses) as possible and we will have the answer on Friday.
  • We are hoping for the help, support and solidarity of the US government. I can confirm that in a month and a half, before the end of April, we will have (vaccinated) all the adults over 60 years of age.
Published 16 Mar, 2021 09:24pm
Russia says its COVID vaccines work on new variants after South Africa cases discovered
Europe

Russia says its COVID vaccines work on new variants after South Africa cases discovered

  • Consumer regulator Rospotrebnadzor said earlier on Tuesday it had identified the first two cases in Russia of the new variant of the coronavirus first detected in South Africa.
  • In fact, trials have already been done in Russia and we can say with confidence that the (Sputnik V and EpiVacCoriona) vaccines registered in Russia also work against new strains.
Published 16 Mar, 2021 09:20pm
EU regulators team up with US and UK on pharmaceutical mergers
Europe

EU regulators team up with US and UK on pharmaceutical mergers

  • The COVID-19 pandemic and vaccine supply bottlenecks have spurred regulatory interest in the pharmaceutical industry which has seen a wave of consolidation in recent years.
  • The EU competition enforcer said greater scrutiny of pharmaceutical deals was needed to single out those that might lead to higher drug prices, lower innovation or anti-competitive conduct.
Published 16 Mar, 2021 09:18pm
Tanzanians should be told about Magufuli's health, opposition says
Africa

Tanzanians should be told about Magufuli's health, opposition says

  • "It is important for the government to inform the public about the president's health to reduce ongoing fear," Zitto Kabwe, leader of the ACT-Wazalendo party, said in a statement.
  • "The public have not been informed about whether the president is performing his duties and whether the vice president has taken up the duties of the president," Kabwe later told Reuters by phone.
Published 16 Mar, 2021 09:17pm
Harsh weather temporarily weighs on US retail sales in February
USA

Harsh weather temporarily weighs on US retail sales in February

  • Retail sales dropped by a seasonally adjusted 3.0% last month, the Commerce Department said on Tuesday. Data for January was revised up to show sales rebounding 7.6% instead of 5.3% as previously reported. Economists polled by Reuters had forecast retail dropping 0.5% in February.
  • With many households set to get another round of direct checks that are more than double what they received in January, we expect spending to receive another jolt in just a few months time.
Published 16 Mar, 2021 08:39pm
Macron to consult COVID advisors, says official, as infections spread
Europe

Macron to consult COVID advisors, says official, as infections spread

  • On Monday, shortly after announcing that France would pause its use of the AstraZeneca shot, Macron said decisions would doubtless have to be taken in the next few days.
  • A nationwide nightly curfew has been in place since mid-December and some regions in the north and southeast of the country are already under weekend lockdown.
Published 16 Mar, 2021 08:31pm
Russia extends ban on UK flights by a month over coronavirus variant
Europe

Russia extends ban on UK flights by a month over coronavirus variant

  • Russia, which has had the flight ban in place since Dec. 22, reported 28 cases of the more infectious coronavirus variant on Tuesday, consumer health regulator Rospotrebnadzor said.
  • "To ensure the protection of public health, the restrictions have been extended until 2359 (2059 GMT) on April 16, 2021," the coronavirus task force said in a statement.
Published 16 Mar, 2021 08:29pm
Serbian city sees low COVID-19 vaccination rates amid scepticism
Europe

Serbian city sees low COVID-19 vaccination rates amid scepticism

  • The low takeup comes as the country is struggling to contain a spike in COVID-19 infections that forced the government on Tuesday to order a five-day shutdown of restaurants, cafes and clubs.
  • Nationally, more than 1.65 million people have received at least one COVID-19 shot out of a population of around 7 million.
Updated 16 Mar, 2021 10:03pm
Winter storms hammer US manufacturing production
USA

Winter storms hammer US manufacturing production

  • Manufacturing production dropped 3.1% last month, also weighed down by a global semiconductor shortage, the Federal Reserve said on Tuesday. That followed a 1.2% jump in January and ended nine straight monthly increases in factory output.
  • That likely had a ripple effect on segments of manufacturing tied to the oil industry. Excluding the weather impact, manufacturing output fell 0.5%, the US central bank said.
Updated 16 Mar, 2021 10:02pm
China busts $770 million refined oil smuggling ring in massive swoop
South Asia

China busts $770 million refined oil smuggling ring in massive swoop

  • The operation, which saw customs officers from the port city of Ningbo join forces with local law enforcement and maritime police, spanned eight Chinese regions, including the coastal provinces of Zhejiang, Jiangsu, Shandong and Fujian.
  • Customs authorities described the swoop as "one of the most extensive operations" to combat refined oil smuggling along China's southeast coast in recent years, in terms of area.
Updated 16 Mar, 2021 10:02pm
Germany extends tax deferral for pandemic-hit firms by three months
Europe

Germany extends tax deferral for pandemic-hit firms by three months

  • "That's good news for companies," Scholz said, adding the measure would improve the liquidity of firms and protect jobs.
  • Applications for tax deferral can now be submitted until June 30 which means interest-free tax deferral will be granted until Sept. 30, Scholz said.
Updated 16 Mar, 2021 10:02pm
Canada changes tack, recommends use of AstraZeneca COVID-19 vaccine in people over 65
USA

Canada changes tack, recommends use of AstraZeneca COVID-19 vaccine in people over 65

  • The National Advisory Committee on Immunization said it was basing its new guidelines on three recent real-world studies that examined the effectiveness of the vaccine.
  • The committee had said on March 1 that AstraZeneca doses should only be given to those aged from 18 to 64 because clinical trials had featured very few people 65 or older.
Updated 16 Mar, 2021 10:02pm
US retail sales plunge 3pc in February: govt
USA

US retail sales plunge 3pc in February: govt

  • The data showed broad declines across many categories last month including autos, furniture and electronics, and followed a 7.6 percent sales jump in January.
Published 16 Mar, 2021 07:02pm
UK's Prince Philip, 99, leaves hospital after four-week stay
Europe

UK's Prince Philip, 99, leaves hospital after four-week stay

  • Philip, the Duke of Edinburgh, was admitted to the private King Edward VII's Hospital on Feb. 16 after he felt unwell and was given treatment for an unspecified, but not COVID-19-related, illness.
  • Since being admitted, the duke has been publicly visited only by his eldest son Prince Charles, the heir to the throne.
Updated 16 Mar, 2021 10:01pm
Blinken warns China against 'coercion and aggression' on first Asia trip
USA

Blinken warns China against 'coercion and aggression' on first Asia trip

  • U.S. Secretary of State Antony Blinken warned China on Tuesday against using “coercion and aggression” as he sought to use his first trip abroad to shore up Asian alliances in the face of growing assertiveness by Beijing.
  • China’s extensive territorial claims in the East and South China Seas have become a priority issue in an increasingly testy Sino-U.S. relationship and are an important security concern for Japan.
Published 16 Mar, 2021 05:16pm
Michelle Obama says Meghan's interview is heartbreaking
World

Michelle Obama says Meghan's interview is heartbreaking

  • "I think the thing that I hope for, and the thing I think about, is that this, first and foremost, is a family. I pray for forgiveness and healing for them so that they can use this as a teachable moment for us all."
Published 16 Mar, 2021 01:19pm
Mauritanian diplomat named as UN envoy to Mali
World

Mauritanian diplomat named as UN envoy to Mali

  • In recent months, another name had been mentioned to lead the UN mission, the American David Gressly, who was until recently number two at the UN mission in the Democratic Republic of the Congo.
Published 16 Mar, 2021 10:37am
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