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Archive

World

Monday, March 22, 2021

Italy reports 386 coronavirus deaths on Monday, 13,846 new cases
Europe

Italy reports 386 coronavirus deaths on Monday, 13,846 new cases

  • Italy has registered 105,328 deaths linked to COVID-19 since its outbreak emerged in February last year, the ministry reported, the second-highest toll in Europe after Britain and the seventh-highest in the world.
  • Patients in hospital with COVID-19 - not including those in intensive care - stood at 28,049 on Monday, up from 27,484 a day earlier.
Updated 23 Mar, 2021 05:09pm
UK's daily COVID-19 death toll falls to 17, a six-month low
Europe

UK's daily COVID-19 death toll falls to 17, a six-month low

  • While deaths have dropped sharply in recent weeks, daily new cases have remained steady at around 5,000 to 6,000 this month. The data showed 5,342 new cases were recorded on Monday. The seven-day figure was down 4.7%.
  • Britain has the fifth highest number of deaths in the world from COVID at 126,172. But a fast start to the vaccine rollout has helped it recover from an aggressive second wave of the pandemic.
Updated 23 Mar, 2021 05:09pm
ECB's Lagarde warns of uncertainty about speed of vaccination
Europe

ECB's Lagarde warns of uncertainty about speed of vaccination

  • "The near-term economic outlook is subject to uncertainty, relating in particular to the dynamics of the pandemic and the speed of vaccination campaigns," Lagarde said in a blog post on the ECB's website.
  • We therefore stand ready to adjust all of our instruments, as appropriate, to ensure that inflation moves towards our aim in a sustained manner, in line with our commitment to symmetry.
Published 22 Mar, 2021 09:22pm
US existing home sales drop sharply; prices surge
USA

US existing home sales drop sharply; prices surge

  • The National Association of Realtors said on Monday that existing home sales dropped 6.6% to a seasonally adjusted annual rate of 6.22 million units last month.
  • Warmer temperatures, an acceleration in the pace of COVID-19 vaccinations and massive fiscal stimulus are expected to spur a sharp rebound in activity in March.
Published 22 Mar, 2021 09:11pm
AstraZeneca expects EU to approve Dutch vaccine factory by early April
Europe

AstraZeneca expects EU to approve Dutch vaccine factory by early April

  • We are well on track in order to get the approval by EMA (European Medicines Agency) in the course of March, beginning of April, and this is exactly according to our plan.
  • After falling far behind post-Brexit Britain and the United States in rolling out vaccines, the EU's leaders are set to discuss imposing a ban on vaccine exports to Britain at a summit on Thursday.
Published 22 Mar, 2021 09:01pm
Putin says he will be vaccinated against COVID-19 on Tuesday
Europe

Putin says he will be vaccinated against COVID-19 on Tuesday

  • "Vaccination, of course, is a voluntary decision for every person. It is every person's personal decision," Putin said at a televised government meeting on Monday about Russian vaccines against COVID-19. "By the way I plan to do this tomorrow."
  • "Today we can say confidently -- and practice indisputably confirms -- that Russian vaccines are absolutely reliable and safe," he said. "No other similar foreign drugs have shown such a high level of protection."
Published 22 Mar, 2021 08:55pm
More people in Poland willing to take AstraZeneca shot, says PM
Europe

More people in Poland willing to take AstraZeneca shot, says PM

  • "In the morning I got a report... showing that there are more and more people willing to get vaccinated and also to get vaccinated with the AstraZeneca vaccine," Mateusz Morawiecki told reporters.
  • "This shows that we made the right decision not to suspend vaccinations with AstraZeneca. There are definitely more people willing to be vaccinated with this vaccine."
Published 22 Mar, 2021 08:50pm
EU, China impose tit-for-tat sanctions over rights abuses
Europe

EU, China impose tit-for-tat sanctions over rights abuses

  • Measures are first major sanctions since Tiananmen arms embargo.
  • China quickly hits back with sanctions on EU individuals.
  • EU, US, Canada, Britain worried about Uighur camps.
  • Hungary, close ally of Beijing, says sanctions "pointless".
Published 22 Mar, 2021 08:41pm
US air travelers top 1.5mn for first time since March 2020
USA

US air travelers top 1.5mn for first time since March 2020

  • COVID-19 devastated air travel demand, with US airline passengers down 60% in 2020. But with a growing number of Americans getting vaccinated, demand and advanced bookings have started to rise in recent weeks.
  • TSA said it screened 1.54 million people Sunday, the highest single day since March 13, 2020 and the 11th consecutive day screening volume exceeding 1 million per day.
Published 22 Mar, 2021 08:40pm
Canadian Pacific-Kansas City Southern rail deal may boost price competition
USA

Canadian Pacific-Kansas City Southern rail deal may boost price competition

  • "This is by default negative for the other railroads, including Canadian National which faces a longer haul competitor into the Gulf Coast and Midwest," J.P.Morgan analyst Brian Ossenbeck said in a research note.
  • Shares of Canadian Pacific fell about 3%, while those of rivals Canadian National and Union Pacific dropped 2% and 3%, respectively.
Published 22 Mar, 2021 08:26pm
Jump in UK inflation to put focus on BoE policy splits
Europe

Jump in UK inflation to put focus on BoE policy splits

  • Economists see UK inflation at 2.5% by late 2021 from 0.7% now.
  • Oil and one-off effects will lift UK prices through the year.
  • Soft jobs market to keep BoE away from raising rates this year.
  • BoE officials divided over how fast labour slack will dry up.
  • BoE's Haldane fears past deflationary forces poised to reverse.
Published 22 Mar, 2021 08:16pm
Blinken condemns attacks, discusses human rights in Saudi call
USA

Blinken condemns attacks, discusses human rights in Saudi call

  • "Secretary Blinken reiterated our commitment to supporting the defense of Saudi Arabia and strongly condemned recent attacks against Saudi territory from Iranian-aligned groups in the region," the department said in a statement, adding the two also discussed human rights and social and economic reforms in Saudi.
Published 22 Mar, 2021 08:13pm
Rising oil boosts Nigeria's 2021 budget but creates fuel price headache
Africa

Rising oil boosts Nigeria's 2021 budget but creates fuel price headache

  • Oil prices, which are averaging around $10 per barrel above the level projected for the 2021 budget, are good for the nation's revenues, she told journalists, but are complicating plans to end costly fuel subsidies.
  • "We made recommendation to deregulate the pricing of (gasoline). But we have a stalemate with labour," she said, calling the oil price rise a "double edged sword".
Published 22 Mar, 2021 08:11pm
Spain hopes tourism can rebound as Germans return to Mallorca
Europe

Spain hopes tourism can rebound as Germans return to Mallorca

  • International tourism to Spain plunged 80% to 19 million visitors last year - the lowest since 1969 - as coronavirus travel restrictions took their toll on the world's second most visited country.
  • "Maybe the ideal goal is ... to get half of the tourists we had in 2019," Tourism Minister Reyes Maroto told an event held by Europa Press news agency.
Published 22 Mar, 2021 08:09pm
Dutch PM to be tested after Cabinet member is positive for COVID-19
Europe

Dutch PM to be tested after Cabinet member is positive for COVID-19

  • "He will get it done". The test is set for Wednesday, which is the period -- five days from being in contact with an infected person-- the Dutch health authorities advise for getting a test after such exposure.
  • Keijzer, who announced her infection on Twitter, was at a weekly Cabinet meeting on Friday attended by Rutte and more than a dozen senior government officials.
Updated 22 Mar, 2021 08:06pm
Germany's extended lockdown to delay recovery till early summer
Europe

Germany's extended lockdown to delay recovery till early summer

  • "The upswing that was actually expected for spring is now more likely to set in from early summer," Deutsche Bank chief economist Stefan Schneider said.
  • "The prerequisite for this is that the infection rate declines as the weather warms up, and that there will be progress in vaccinations," Schneider added.
Published 22 Mar, 2021 07:22pm
Portugal's jobless numbers jump nearly 37pc, worst since 2017
Europe

Portugal's jobless numbers jump nearly 37pc, worst since 2017

  • The total of those officially without a job rose to 431,843 people, meaning more than 116,000 jobs have been lost since February 2020, a month before the pandemic hit.
  • In the southern Algarve, famous for its beaches and golf courses but now nearly deserted, the number of registered jobless spiked 74% to 33,458 last month from a year ago, making it the most affected region followed by Lisbon.
Published 22 Mar, 2021 07:15pm
Dutch economy to recover later than expected from COVID-19 slump
Europe

Dutch economy to recover later than expected from COVID-19 slump

  • Growth in the euro zone's fifth largest economy is expected to rebound to 2.2% in 2021 and 4.2% in 2022, the bank said, following a historically deep 3.8% contraction due the COVID-19 pandemic last year.
  • The central bank last December pencilled in growth of 2.9% for both 2021 and 2022, as it expected social distancing measures to be phased out over the course of this year.
Published 22 Mar, 2021 07:05pm
Brazil's 2021, 2022 interest rate outlooks shoot higher after central bank move: survey
USA

Brazil's 2021, 2022 interest rate outlooks shoot higher after central bank move: survey

  • The central bank's benchmark Selic rate is now expected to end this year at 5.50% and end next year at 6.00%, according to the average forecast of over 100 economists in the bank's weekly 'FOCUS' survey.
  • The central bank's rate-setting committee known as 'Copom' last week hiked the Selic rate by 75 basis points to 2.75%, the first increase in six years.
Published 22 Mar, 2021 06:54pm
Myanmar coup opponents win new support in ethnic borderlands
South Asia

Myanmar coup opponents win new support in ethnic borderlands

  • A joint statement also demanded that the army "abandon the coup and accept the federal democratic system based on self administration that is desired by the people".
  • "Ethnic nationalities could ultimately decide who holds power in Myanmar," said Khin Ohmar, a longtime democracy activist who lived through a previous failed uprising against the military in 1988.
Published 22 Mar, 2021 06:38pm
UK shopper numbers edge higher as end of restrictions nears
Europe

UK shopper numbers edge higher as end of restrictions nears

  • It said shopper numbers, or footfall, climbed 4% on UK high streets, but fell 4.4% in retail parks and 2.3% in shopping centres. Footfall across Britain remained 40.8% lower than during the same week last year, Springboard said.
  • England entered a third national lockdown on Jan. 4 to stem a surge in COVID-19 cases that threatened to overwhelm the health system.
Published 22 Mar, 2021 06:36pm
Key insights from US trial data on AstraZeneca's COVID-19 vaccine
Europe

Key insights from US trial data on AstraZeneca's COVID-19 vaccine

  • The trial results, primarily generated in the United States but also in Chile and Peru, included a 79% efficacy in preventing symptomatic COVID-19, and showed no increased risk of a rare form of blood clots that has caused concern in parts of Europe.
  • Britain's Medicines and Healthcare products Regulatory Agency concluded at the time that a 12-week gap between doses was the key to achieving the highest efficacy, of around 80%.
Published 22 Mar, 2021 06:19pm
Amazon workers strike in Italy over pandemic-driven delivery demands
Europe

Amazon workers strike in Italy over pandemic-driven delivery demands

  • Trade unions estimate Amazon's delivery systems rely on 40,000 workers, including staff of its logistics arm, which employs most of Amazon's 9,500 long-term Italian staff.
  • This has prompted unions to seek tighter rules on workloads and shifts for drivers who they say deliver as many as 180-200 parcels a day.
Updated 22 Mar, 2021 06:30pm
Donald Trump plans social media comeback, according to adviser
USA

Donald Trump plans social media comeback, according to adviser

  • Former President of the United States, Donald Trump is expected to return to social media "with his own platform", according to an advisor.
  • Trump was unceremoniously suspended from Twitter and Facebook after January's deadly riots in Washington DC and the Capitol incursion.
Published 22 Mar, 2021 04:26pm
What you need to know about the coronavirus right now
World

What you need to know about the coronavirus right now

  • Maharashtra, India's most industrialised state and home to its financial capital Mumbai, has been accounting for more than 60% of the country's total cases after a full-scale reopening of its economy unleashed a second wave of infections late last month.
Published 22 Mar, 2021 11:47am
Secret India-Pakistan Ceasefire Talks Brokered by the UAE
South Asia

Secret India-Pakistan Ceasefire Talks Brokered by the UAE

  • A day after military chiefs from India and Pakistan made an unprecedented joint-agreement to respect their original ceasefire agreement from 2003, reportedly a top diplomat from the United Arab Emirates subsequently visited New Delhi for a brief one-day visit.
  • The India-Pakistan ceasefire was the culmination of secret talks behind closed doors brokered by the Gulf state over the course of months.
Updated 22 Mar, 2021 12:11pm
Taliban claim they floated the proposal for reduction in violence, not the US
World

Taliban claim they floated the proposal for reduction in violence, not the US

  • Taliban official says the proposal has been under discussion between the United States and the Taliban in Qatar for a while
  • The idea of reduction in violence between the Taliban and Afghan forces surfaced when a letter from US Secretary of State Antony Blinken to Afghan President Ashraf Ghani was leaked to the media
Updated 22 Mar, 2021 04:00pm
Taiwan starts vaccination drive with AstraZeneca
World

Taiwan starts vaccination drive with AstraZeneca

  • The self-ruled democratic island has signed contracts to purchase 10 million AstraZeneca doses, as well as around 5 million doses each from Moderna and the international Covax scheme.
Published 22 Mar, 2021 10:47am