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Archive

World

Wednesday, March 24, 2021

UK stands pat on Brexit swaps trading as EU banks hurt
Europe

UK stands pat on Brexit swaps trading as EU banks hurt

  • The FCA decided in December it would allow UK market participants to trade derivatives on platforms in the bloc to avoid a rupture in EU business, even though the EU has banned EU market participants from using London platforms.
  • As flagged by Reuters earlier this month, the FCA has made no change to its stance.
Published 24 Mar, 2021 10:00pm
Canada's lagging COVID-19 vaccine campaign set to ramp up as virus variants spread
USA

Canada's lagging COVID-19 vaccine campaign set to ramp up as virus variants spread

  • Canada has lagged other rich countries in inoculations even though it ordered enough doses to vaccinate the population five times over late last year.
  • Shipments of 4.7 million doses are expected this week and next - 2.4 million from Pfizer Inc, 846,000 from Moderna Inc and a 1.5 million-dose loan of AstraZeneca's vaccine from the United States, according to federal forecasts and recent announcements.
Published 24 Mar, 2021 09:57pm
Sudan to receive first batch of Sinopharm vaccines
Africa

Sudan to receive first batch of Sinopharm vaccines

  • Sudan became the first country in the Middle East and North Africa region to receive vaccine doses through the COVAX facility this month when 828,000 doses of the shot produced by AstraZeneca arrived in the East African country.
Published 24 Mar, 2021 09:38pm
US oil activity jumps as executives remain wary of OPEC, Biden: survey
USA

US oil activity jumps as executives remain wary of OPEC, Biden: survey

  • "While the price increases have been welcome news, OPEC+ is a sword of Damocles: if US operators raise capital expenditures, OPEC+ will open its taps and flood the market," one executive said. "There is a tense detente currently."
  • "I believe that it is their goal to effectively shut down our industry, and they will pursue that end with great energy," one executive said.
Published 24 Mar, 2021 09:22pm
AstraZeneca likely to release new statement on its COVID-19 vaccine
Europe

AstraZeneca likely to release new statement on its COVID-19 vaccine

  • AstraZeneca said results it published on Monday in which the vaccine had demonstrated 79% efficacy were based on an interim analysis of data through Feb. 17, and it would now "immediately engage" with the independent panel monitoring the trial to share its full analysis.
  • AstraZeneca will publish up-to-date results from its major US COVID-19 vaccine trial within 48 hours.
Updated 24 Mar, 2021 09:14pm
Canada Feb factory sales seen falling 1.0pc
USA

Canada Feb factory sales seen falling 1.0pc

  • Factory sales gained 3.1% in January. Statscan said the estimate had been calculated based on responses received from 59.0% of companies surveyed.
  • The average final response rate for the survey over the past 12 months has been 90.4%, it added.
Published 24 Mar, 2021 08:29pm
Mexico inflation quickens more than expected to nearly 2-year high
USA

Mexico inflation quickens more than expected to nearly 2-year high

  • The national statistics agency (INEGI) said consumer price inflation quickened to 4.12% during the first two weeks of March, beating the final consensus forecast of a Reuters poll of analysts for a headline reading of 3.91%.
  • "Overall, this data release is probably the final nail in the coffin for Banxico's easing cycle. We expect it to keep the policy rate on hold at 4.00% at tomorrow's meeting," said Nikhil Sanghani, an analyst at Capital Economics.
Published 24 Mar, 2021 07:44pm
Myanmar junta's civilian rivals promise justice for Rohingya
South Asia

Myanmar junta's civilian rivals promise justice for Rohingya

  • "We will not rest until we bring these military generals into justices for the war crimes, atrocities and the crimes against humanity they have committed against the great and brave people of Myanmar," Dr Sasa said in a Facebook post.
  • At least 730,000 people from Myanmar's Rohingya Muslim minority fled to neighbouring Bangladesh in 2017 after an army crackdown that United Nations' investigators said was carried out with genocidal intent.
Published 24 Mar, 2021 07:36pm
AstraZeneca jabs in Italy plant bound for Belgium
Europe

AstraZeneca jabs in Italy plant bound for Belgium

  • On Saturday the EU Commission had asked Italy's prime minister to inspect some batches of vaccines at a production plant in Anagni, south east of the capital Rome, the official added.
  • The checks were carried out by the Italy's Carabinieri military police between Saturday and Sunday, the official said.
Published 24 Mar, 2021 07:33pm
Biden to meet with immigration advisers as delegation visits Texas facility
USA

Biden to meet with immigration advisers as delegation visits Texas facility

  • The officials, along with several members of Congress, will travel to a refugee resettlement center in Carrizo Springs, Texas, the White House said in a statement, adding that it would also allow limited media coverage of the visit.
  • US Vice President Kamala Harris, who will join Biden at the White House meeting on Wednesday, on Wednesday acknowledged the overcrowding and processing delays, but said there was no quick fix.
Published 24 Mar, 2021 07:26pm
Turkey tells US at NATO that Russian defence purchase is 'done deal'
Europe

Turkey tells US at NATO that Russian defence purchase is 'done deal'

  • Ankara and Washington have been at odds over issues including Syria policy, human rights and the S-400 air defence acquisition, over which the United States has sanctioned Turkey and removed it from its F-35 fighter jet programme.
  • "On the S-400s, we reminded them once again why Turkey had to buy them, and repeated that Turkey had bought them and this is a done deal," Cavusoglu told.
Published 24 Mar, 2021 07:23pm
Vietnam seeks to diversify COVID-19 vaccine sources amid supply issues
South Asia

Vietnam seeks to diversify COVID-19 vaccine sources amid supply issues

  • "COVID-19 vaccine supplies for Vietnam have been impacted by the complicated developments of the coronavirus pandemic in the world," the government said in a statement.
  • Vietnam's vaccination campaign, which was launched on March 8, has relied solely on the batch of 117,600 doses of the AstraZeneca vaccine it received last month.
Published 24 Mar, 2021 07:14pm
Lebanon's Hezbollah parliamentary bloc urges cabinet formation
Middle East

Lebanon's Hezbollah parliamentary bloc urges cabinet formation

  • The group also said Lebanon needed transparency and cooperation between its leaders and to form a government that brings the most confidence from parliament.
  • "The government that has the most confidence from parliament is the government that can be depended on," the bloc said in a statement.
Published 24 Mar, 2021 07:02pm
Greece, Cyprus want 'credible implementation' of EU dual-track approach to Turkey
Europe

Greece, Cyprus want 'credible implementation' of EU dual-track approach to Turkey

  • EU leaders are set at a summit this week to spell out its proposed offer of closer economic links, mixed with threats if Ankara moves against the bloc's interests, according to a draft statement seen by Reuters.
  • We agreed with the (Cypriot) President that at tomorrow 's European Council our two countries, as well as the union as a whole, must insist on the credible implementation of the dual track approach.
Published 24 Mar, 2021 06:55pm
Lebanon's caretaker PM: activating resigned cabinet is up to parliament
Middle East

Lebanon's caretaker PM: activating resigned cabinet is up to parliament

  • Diab's cabinet has served in a caretaker capacity since quitting last August over the huge Beirut port blast that killed 200 people and compounded the country's financial collapse.
  • In his statement on Wednesday, Diab said the political deadlock spurred calls to activate his cabinet but that the question of whether the constitution allows it was up to the parliament.
Published 24 Mar, 2021 06:53pm
Ship in blocked convoy in Egypt's Suez Canal on move: report
World

Ship in blocked convoy in Egypt's Suez Canal on move: report

  • Port agent GAC said the stranded ship, Ever Given, had been partially refloated and moved alongside the canal bank.
  • Dozens of vessels were stuck, waiting for rescue boats to free the 400m-long (1,312ft) ship, which was knocked off course by strong winds.
Published 24 Mar, 2021 06:31pm
More French people must work from home to tackle COVID
Europe

More French people must work from home to tackle COVID

  • Speaking after a cabinet meeting, government spokesman Gabriel Attal told reporters that the COVID-19 situation was worsening everywhere in the country.
  • He also said that the government may add three more regions to its list of COVID-19 high-risk zones which need careful monitoring and may need restrictive measures.
Published 24 Mar, 2021 06:29pm
South African president to testify at corruption inquiry
Africa

South African president to testify at corruption inquiry

  • Zuma was ousted by the governing African National Congress (ANC) in February 2018, and his successor Ramaphosa has been battling to revive investor confidence dented by widespread corruption implicating senior politicians.
  • "The presidency wishes to confirm that president Cyril Ramaphosa will appear ... on April 22, 23, 28 and 29," a statement from his office said.
Published 24 Mar, 2021 06:06pm
Irish COVID-19 data ‘worrying’ as reopening call looms: deputy PM
Europe

Irish COVID-19 data ‘worrying’ as reopening call looms: deputy PM

  • Ireland has been under strict lockdown since late December, which the government says will be gradually unwound over the coming months.
  • The head of Ireland's health service operator, Paul Reid, said on Wednesday that although the number of people in hospital or in need of critical care continued to fall, swabbing referrals were up 35% week-on-week on Monday and 42% on Tuesday.
Published 24 Mar, 2021 05:44pm
EU shouldn't be 'useful idiot' in global vaccine battle: French official
Europe

EU shouldn't be 'useful idiot' in global vaccine battle: French official

  • "Europe shouldn't be a sort of useful idiot in the battle against the virus," the French presidential adviser told reporters ahead of a virtual EU summit on Thursday.
  • The regulation is aimed at making vaccine trade reciprocal and proportional so that other vaccine-making countries sell to Europe and the EU does not export much more than it imports, one EU official said.
Published 24 Mar, 2021 05:36pm
EU sharpens COVID vaccine export rules as third wave builds
Europe

EU sharpens COVID vaccine export rules as third wave builds

  • The move risks stoking post-Brexit tensions with London, which has warned Brussels against "vaccine nationalism".
  • The granting of export licences will be based on reciprocity and "proportionality" - the epidemiological situation, vaccination rate and access to vaccines in the destination country.
Published 24 Mar, 2021 05:31pm
Singapore expands COVID-19 vaccinations to younger age group
South Asia

Singapore expands COVID-19 vaccinations to younger age group

  • Residents aged 45 to 59 years can now register to receive vaccines, of which 1.1 million doses have so far been administered in Singapore, with 310,000 people having completed the full regimen, health minister Gan Kim Yong told a media briefing.
  • The trade and tourism reliant nation of 5.7 million people, a regional business centre, has recorded no new locally-transmitted coronavirus cases in the past two weeks and has managed to quickly control most of its outbreaks.
Published 24 Mar, 2021 05:28pm
Vienna and nearby regions to close non-essential shops over Easter
Europe

Vienna and nearby regions to close non-essential shops over Easter

  • Of Austria's nine provinces, those three are among the hardest-hit and have high levels of the more contagious British variant of the coronavirus, which has been causing severe cases faster and often required longer hospital stays.
  • Health Minister Rudolf Anschober has spoken of a "looming collapse" in eastern Austria's intensive-care wards.
Published 24 Mar, 2021 05:26pm
US won't force allies into ‘us-or-them’ choice on China, Blinken to say
USA

US won't force allies into ‘us-or-them’ choice on China, Blinken to say

  • "The United States won't force allies into an 'us-or-them' choice with China," Blinken, on his maiden voyage to Europe as Washington's top diplomat, will say at NATO headquarters.
  • "Countries can work with China where possible," he will say, noting that climate change was an area where cooperation was necessary.
Published 24 Mar, 2021 05:24pm
Biden considers executive actions on guns, calls on Congress to pass weapons ban
USA

Biden considers executive actions on guns, calls on Congress to pass weapons ban

  • U.S. President Joe Biden urged Congress to swiftly pass gun control laws and may take action on his own to stop mass violence, the White House said on Tuesday, a day after the second deadly mass shooting in a week.
  • The Democrat called on the Senate to approve two bills passed by the House of Representatives on March 11 that would broaden background checks on gun buyers. He also called for a ban on assault-style weapons.
Published 24 Mar, 2021 01:42pm
Senate confirms Shalanda Young for No. 2 spot at OMB
World

Senate confirms Shalanda Young for No. 2 spot at OMB

  • White House Chief of Staff Ron Klain earlier this month called Young, a former House staffer, a "very serious candidate" to head the office after the administration withdrew the nomination of Neera Tanden earlier this month.
Published 24 Mar, 2021 11:39am
COVID-19 vaccine in pill-form to enter first phase of clinical trials
World

COVID-19 vaccine in pill-form to enter first phase of clinical trials

  • A coronavirus vaccine in pill form could enter the first phases of clinical trials by June this year, with Oravax being the company working on the substance.
  • The company reiterated that this step is an early phase in the development of the vaccine, and even if it clears clinical trials, there could be a year's wait until it is formally authorised for use.
Published 24 Mar, 2021 11:39am