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World

Friday, March 19, 2021

Swiss postpone plans to lift COVID-19 restrictions
Europe

Swiss postpone plans to lift COVID-19 restrictions

  • The risk of an uncontrolled increase in the number of cases is currently too great for further openings.
  • Currently, infections are expected to double every three to four weeks, the government said, warning new variants of COVID-19 make up to 80% of the new cases.
Published 19 Mar, 2021 09:40pm
Mexican president thanks Biden for COVID shots to ease shortage
USA

Mexican president thanks Biden for COVID shots to ease shortage

  • President Andres Manuel Lopez Obrador told a news briefing that the United States will send doses of AstraZeneca's vaccine, which are slightly more than the 2.5 million US officials had previously indicated.
  • Lopez Obrador said that in return for the vaccines, Mexico would give the United States what it had "always" given, namely "friendship and cooperation across all spheres."
Published 19 Mar, 2021 09:18pm
Finland suspends use of AstraZeneca COVID-19 vaccine
Europe

Finland suspends use of AstraZeneca COVID-19 vaccine

  • The institute said it estimated that the investigation would take at least one week. It said earlier this week that it had received any reports of cases of blood clots among people who had taken the AstraZeneca vaccine in Finland.
Published 19 Mar, 2021 09:16pm
US Fed to let bank leverage exemption expire this month, will review rule
USA

US Fed to let bank leverage exemption expire this month, will review rule

  • The Fed said it would, however, launch a formal review of the capital rule, known as the "supplementary leverage ratio," due to concerns it is no longer functioning as intended as a result of the central bank's emergency COVID-19 pandemic monetary policy measures.
  • "Wall Street bank stocks will get punished because now they will have to put more money aside," Edward Moya, senior market analyst at foreign exchange brokerage Oanda, said in an email.
Published 19 Mar, 2021 09:13pm
Minneapolis judge rejects request to move trial of ex-policeman in Floyd death
USA

Minneapolis judge rejects request to move trial of ex-policeman in Floyd death

  • Chauvin's lead lawyer, Eric Nelson, has complained to the court that publicity around the trial has tainted the jury pool in and around Minneapolis, citing in particular the city's announcement last week that it would pay Floyd's relatives $27 million to settle their wrongful-death lawsuit.
  • "I don't think there's any place in the state of Minnesota that has not been subjected to extreme amounts of publicity in this case," Cahill said.
Published 19 Mar, 2021 09:10pm
G7 makes progress on pandemic relief for poorer nations: UK
Europe

G7 makes progress on pandemic relief for poorer nations: UK

  • Britain - which is chairing the Group of Seven (G7) this year - said G7 finance ministers had agreed to support a "new and sizeable" increase in the volume of Special Drawing Rights (SDRs), an internal currency used by the IMF.
  • Any expansion of SDRs will need to be agreed with other countries ahead of the IMF's spring meeting that takes place in April.
Published 19 Mar, 2021 09:08pm
Russia delivers Sputnik V vaccine to St Petersburg after shortage problems
Europe

Russia delivers Sputnik V vaccine to St Petersburg after shortage problems

  • Russia has said it has vaccinated 3.5 million of its 144 million population with both shots of the Sputnik V vaccine since it began in early December.
  • On Friday, St Petersburg, a city of more than 5 million, received 15,300 doses of the two-component vaccine, the municipal authority said on its website.
Published 19 Mar, 2021 08:56pm
Chinese military bans Tesla cars in its complexes on camera concerns
South Asia

Chinese military bans Tesla cars in its complexes on camera concerns

  • Tesla drivers ordered to park outside military property- sources.
  • Residents of military housing notified this week –sources.
  • Military concerned about security due to car cameras –sources.
  • Tesla shares down 1.8% in early deals.
  • Tesla cars popular in China, made in Shanghai Gigafactory.
Published 19 Mar, 2021 08:54pm
EU's von der Leyen considers visiting Turkey as ties defrost
Europe

EU's von der Leyen considers visiting Turkey as ties defrost

  • The EU threatened Ankara with sanctions last year after a flare-up in a decades-old dispute between Turkey and Greece over maritime jurisdiction and energy resources in the Mediterranean.
  • We underlined the importance of sustained de-escalation and of further strengthening confidence building to allow for a more positive EU-Turkey agenda.
Published 19 Mar, 2021 08:52pm
'We need time': Nordic caution keeps AstraZeneca shots on hold
Europe

'We need time': Nordic caution keeps AstraZeneca shots on hold

  • Several European countries last week suspended use of the vaccine following reports of rare instances of blood clots in some people who had been vaccinated.
  • This does not change the fact that, on the basis of a precautionary principle, we are continuing our suspension, because we need to understand this better, so that we can say with certainty that we recommend this vaccine.
Updated 19 Mar, 2021 08:44pm
French regulators recommends AstraZeneca for over-55s after suspension
Europe

French regulators recommends AstraZeneca for over-55s after suspension

  • France was one of more than a dozen European Union states that suspended use of the Anglo-Swedish vaccine this week following reports of blood clotting in a small number of recipients of the shot.
  • The EU's drug watchdog (EMA) on Thursday said it was convinced the benefits of the AstraZeneca vaccine outweighed the risks.
Published 19 Mar, 2021 08:12pm
UK borrowing likely to undershoot estimate
Europe

UK borrowing likely to undershoot estimate

  • With one month of the fiscal year remaining, borrowing has reached 278.8 billion pounds. That far exceeds the previous annual record set at the height of the financial crisis in 2009-10.
  • "But it looks set to undershoot our latest estimate for borrowing in 2020-21 (on a like-for-like basis with the published ONS data) of 327.4 billion pounds, thanks to even greater under-spending by government departments than our forecast assumes."
Published 19 Mar, 2021 07:41pm
Cameroon suspends use of AstraZeneca vaccine
Europe

Cameroon suspends use of AstraZeneca vaccine

  • The ministry said in a statement that March 18 that the suspension was for precaution and prudence. It gave no further reasons for the decision or if it will go ahead and take delivery of its share of the vaccine.
Published 19 Mar, 2021 07:37pm
Northern Ireland's peace deal under threat unless EU changes Brexit deal
Europe

Northern Ireland's peace deal under threat unless EU changes Brexit deal

  • We're saying there is a window of opportunity for constructive dialogue to see if we can actually get a workable solution, and I've no doubt we could get a workable solution, but it does require Brussels and Dublin to return to honouring the core guarantees of the (Belfast) Agreement.
  • If it doesn't happen, then they are opening a Pandora's box which leads to significant protest, to the bringing down of the Northern Ireland executive and then into a significant political crisis.
Published 19 Mar, 2021 07:26pm
Belgium can still avoid third coronavirus wave
Europe

Belgium can still avoid third coronavirus wave

  • After a long plateau phase, we are now at the foot of what could become a new wave. It is still possible to turn a wave into a wavelet.
  • Daily new infections have been creeping higher in Belgium in recent days and the latest seven-day average now stands at 3,266, a rise of 34% from last week.
Published 19 Mar, 2021 07:21pm
US FDA approves J&J's multiple sclerosis treatment
USA

US FDA approves J&J's multiple sclerosis treatment

  • The FDA approved Ponvory as a daily oral drug to treat relapsing forms of multiple sclerosis, a debilitating neurological condition in which the immune system eats away at the protective covering of nerves.
Published 19 Mar, 2021 07:06pm
Taiwan to start COVID shots next week with AstraZeneca vaccine
South Asia

Taiwan to start COVID shots next week with AstraZeneca vaccine

  • Taiwan's first vaccines - 117,000 doses of the AstraZeneca shot - arrived on the island earlier this month from a South Korean factory.
  • Around 60,000 people are in line to get the first vaccinations and Taiwan is prioritising health workers to get the shots.
Published 19 Mar, 2021 06:55pm
Erdogan says to talk east Med, other issues with EU chiefs
Europe

Erdogan says to talk east Med, other issues with EU chiefs

  • EU leaders had threatened punitive measures against Ankara over its offshore activities. But Reuters reported Thursday the EU froze plans for further measures against executives at state-owned Turkish Petroleum Corporation (TPAO).
  • By discussing the eastern Mediterranean issue primarily, we will have the opportunity to discuss all our issues once again, from the expectations of Turkey, as a NATO ally, from the EU, to the visa liberalisation and Customs Union issues.
Published 19 Mar, 2021 06:32pm
US Fed to let leverage exemption expire on March 31, will review rule
USA

US Fed to let leverage exemption expire on March 31, will review rule

  • Friday's decision means banks will have to resume holding an extra layer of loss-absorbing capital against those assets.
  • On Friday, Fed officials said they were confident that allowing the exemption to expire would not impair Treasury market liquidity or cause market disruption because the Treasury market had stabilized and big banks have high levels of capital.
Published 19 Mar, 2021 06:29pm
Argentines march to demand food aid
World

Argentines march to demand food aid

  • "There are a lot of people under the poverty line, even those who have formal work and those who have informal work," said Monica Sulio, leader of the Socialist Workers Movement.
Published 19 Mar, 2021 11:03am
North Korea cuts ties with Malaysia over US extradition
World

North Korea cuts ties with Malaysia over US extradition

  • North Korea's foreign ministry announced the "total severance of the diplomatic relations with Malaysia", according to state news agency KCNA, saying the citizen being extradited had been involved in "legitimate" trading activities in Singapore.
Published 19 Mar, 2021 10:32am
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