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Archive

World

Thursday, April 1, 2021

Mexico reports 5,381 new coronavirus cases, 454 deaths
USA

Mexico reports 5,381 new coronavirus cases, 454 deaths

  • The government says the real case numbers are likely significantly higher, and separate data published recently by the health ministry suggested the actual death toll from coronavirus may be at least 60pc above the confirmed figure.
Published 01 Apr, 2021 11:51pm
White House asks EPA to study how EVs can generate renewable fuel credits
USA

White House asks EPA to study how EVs can generate renewable fuel credits

  • The move could give the fledgling US electric vehicle industry a big boost by granting it fresh incentives and a new revenue stream. But the idea would introduce new actors like Tesla Inc into a program that has already bitterly divided the oil and corn industries.
  • Electricity from biogas is already technically eligible for generating RINs under the RFS, but the EPA has never approved applications to do so because the agency hasn't yet figured out the logistical issues.
Published 01 Apr, 2021 09:19pm
Russia's economy shrank 3pc last year -revised data
Europe

Russia's economy shrank 3pc last year -revised data

  • The figures from the Federal Statistics Service Rosstat were marginally better than Rosstat's preliminary estimate that gross domestic product fell by 3.1% last year.
  • The coronavirus outbreak paralysed business activity in 2020, prompting the central bank to slash interest rates to a record low 4.25%, while a drop in global oil prices dented Russia's revenues.
Published 01 Apr, 2021 09:17pm
COVAX COVID-19 vaccine facility faces shortfall in supply: WHO
Europe

COVAX COVID-19 vaccine facility faces shortfall in supply: WHO

  • "Last week, I made an urgent request to countries, with doses of COVID-19 vaccines that have WHO Emergency Use Listing, to share 10 million doses immediately with COVAX," he said.
  • I requested manufacturers to help ensure that the countries that step up can rapidly donate those doses.
Published 01 Apr, 2021 09:15pm
Putin, Saudi crown prince discuss climate change, green energy
Europe

Putin, Saudi crown prince discuss climate change, green energy

  • In a readout of their telephone call, the Kremlin said the Saudi prince outlined initiatives to reduce greenhouse gas emissions and increasing the share of renewable energy sources in the Middle East.
  • Putin spoke of Russian efforts to protect the environment, the Kremlin said.
Updated 01 Apr, 2021 08:52pm
Berlin imposes nighttime ban on gatherings from Friday
Europe

Berlin imposes nighttime ban on gatherings from Friday

  • Last week Chancellor Angela Merkel accused state premiers of failing to stick to earlier agreements to reimpose restrictions if infections rose again as the lockdown was gradually relaxed.
  • The DIVI association for intensive and emergency medicine said Germany urgently needs a two-week lockdown, faster vaccinations and compulsory tests at schools.
Published 01 Apr, 2021 08:22pm
Surprise Brazil industrial output fall in Feb highlights deeper GDP funk
USA

Surprise Brazil industrial output fall in Feb highlights deeper GDP funk

  • February's 0.7% fall in industrial output was significantly weaker than the median estimate in a Reuters poll of economists for a 0.4% rise. The following chart shows that several months of slowing growth have finally turned into outright decline.
  • Statistics agency IBGE said the year-on-year rise was 0.4%, also well below the Reuters poll forecast of 1.5% growth.
Published 01 Apr, 2021 08:09pm
Europe should match US's economic stimulus ambition: France
Europe

Europe should match US's economic stimulus ambition: France

  • The new administration of US President Joe Biden is already making payments to households under a new $1.9 trillion COVID-19 relief package and plans to plough $2.3 trillion into infrastructure investments to fire up the world's biggest economy.
  • "The best response to US ambition isn't to fight it. It is to match it. Europe needs to challenge itself like America does," he added.
Published 01 Apr, 2021 07:59pm
UK refers Facebook acquisition of Giphy for in-depth probe
Europe

UK refers Facebook acquisition of Giphy for in-depth probe

  • The Competition and Markets Authority (CMA) last week gave Facebook and Giphy five working days to offer proposals to address its concerns over their merger deal.
  • "We will continue to fully cooperate with the CMA's investigation," a Facebook spokesman said in an emailed statement.
Published 01 Apr, 2021 07:50pm
Canadian factory activity expands at record pace in March
USA

Canadian factory activity expands at record pace in March

  • The IHS Markit Canada Manufacturing Purchasing Managers' index (PMI) rose to a seasonally adjusted 58.5 in March from 54.8 in February, posting the highest reading in the 10-year history of the survey. A reading above 50 shows growth in the sector.
  • The new orders index rose to 58.0, its highest since November 2013, from 54.4 in February, while the measure of output was at 57.7, up from 52.0.
Published 01 Apr, 2021 07:47pm
US suspends visa services at consulate in Russia: ambassador
USA

US suspends visa services at consulate in Russia: ambassador

  • The move comes after the United States halted work at two consulates in Russia last year, citing safety and security issues at the facilities where operations had been curtailed over COVID-19.
  • US-Russia ties have been strained by issues ranging from conflicts in Ukraine to Syria, as well as allegations of Russian interference in US politics, which Moscow denies.
Published 01 Apr, 2021 07:30pm
Oil companies defeat New York City appeal over global warming
USA

Oil companies defeat New York City appeal over global warming

  • The 2nd US Circuit Court of Appeals in Manhattan ruled in favor of BP Plc, Chevron Corp, ConocoPhillips , Exxon Mobil Corp and Royal Dutch Shell Plc , rejecting the city's efforts to sue under state law for trespass and creating a nuisance.
Published 01 Apr, 2021 07:28pm
Short new lockdown shouldn't affect French growth forecast: Villeroy
Europe

Short new lockdown shouldn't affect French growth forecast: Villeroy

  • President Emmanuel Macron on Wednesday ordered France into its third national lockdown and said schools would close for three weeks as he sought to push back a third wave of COVID-19 infections that threatens to overwhelm hospitals.
  • The French central bank said last month that the euro zone's second-biggest economy was set to grow 5.5% this year.
Published 01 Apr, 2021 07:21pm
South Africa collects $85 billion in taxes in 2020/21
Financial

South Africa collects $85 billion in taxes in 2020/21

  • The initial 2020/21 target of 1.425 trillion rand was set by the National Treasury before the coronavirus pandemic struck in March last year.
  • Treasury revised the estimate down to 1.112 trillion rand in October, but then upped it to 1.212 trillion in the February 2021 budget.
Published 01 Apr, 2021 07:19pm
Merkel urges Germans to celebrate Easter quietly
Europe

Merkel urges Germans to celebrate Easter quietly

  • "It should be a quiet Easter, with those closest to you, with very reduced contact. I urge you to refrain from all non-essential travel," Merkel said in a video message, adding this was the only way to help the doctors and nurses fighting the virus.
Published 01 Apr, 2021 07:14pm
US manufacturing sector index races to 37-year high in March
USA

US manufacturing sector index races to 37-year high in March

  • The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to a reading of 64.7 last month from 60.8 in February. That was the highest level since December 1983.
  • President Joe Biden on Wednesday unveiled a plan to spend roughly $2 trillion on infrastructure like roads and bridges over 10 years.
Published 01 Apr, 2021 07:06pm
New UN study shows 72 nations and $598bn in debt payments at risk through 2025
USA

New UN study shows 72 nations and $598bn in debt payments at risk through 2025

  • Of those, only 49 countries are eligible for debt relief measures adopted by the Group of 20 major economies, UNDP Administrator Achim Stein told reporters, calling on G20 members to quickly expand a moratorium on debt service payments and a common framework for debt treatments beyond the poorest nations.
Updated 01 Apr, 2021 07:05pm
Pfizer COVID-19 shot 91pc effective in updated data, protective against South African variant
Europe

Pfizer COVID-19 shot 91pc effective in updated data, protective against South African variant

  • The shot was also 100% effective in preventing illness among trial participants in South Africa, where a new variant called B1351 is dominant, though the number of those participants was relatively small at 800.
  • While the new overall efficacy rate of 91.3% is lower than the 95% originally reported in November for its 44,000-person trial, a number of variants have become more prevalent around the world since then.
Published 01 Apr, 2021 06:23pm
South Korea pays price for reliance on COVAX, scrambles for vaccines
South Asia

South Korea pays price for reliance on COVAX, scrambles for vaccines

  • Once praised by the World Health Organization for its decision to procure vaccines through the global scheme, South Korea is now facing criticism at home as the government scrambles to meet the supply shortfall.
  • South Korea, Indonesia, the Philippines and Vietnam are among countries to be hit by shipment delays to vaccines they have been promised following export curbs by manufacturer India.
Published 01 Apr, 2021 05:54pm
UK needs to do more to tackle racism, PM Johnson says
Europe

UK needs to do more to tackle racism, PM Johnson says

  • "I don't want to say that the government is going to agree with absolutely everything in it, but it has some original and stimulating work in it but I think people need to read and to consider," Johnson said.
  • "There are very serious issues that our society faces to do with racism that we need to address, we've got, we've got to do more to fix it and we need to understand the severity of the problem," he said.
Published 01 Apr, 2021 05:52pm
India AstraZeneca shot delay could be 'catastrophic' for Africa
South Asia

India AstraZeneca shot delay could be 'catastrophic' for Africa

  • India decided to delay big exports of the shots made in its territory by the Serum Institute of India (SII) to make sure it could meet local demand, two sources told Reuters last week.
  • The African Union had planned to vaccinate 20%-30% of the continent's population by the end of the year he said. "If the vaccines are delayed we are unlikely to meet our target," he added.
Published 01 Apr, 2021 05:47pm
UK data show good immune response in over 80s after 2-dose Pfizer COVID-19 shot
Europe

UK data show good immune response in over 80s after 2-dose Pfizer COVID-19 shot

  • "We were surprised, and very pleased," Moss told reporters at a briefing about the findings. "But, of course, this does go with the excellent clinical protection that we're seeing with the vaccine - so it does correlate."
  • Pfizer and its co-developer BioNTech said earlier on Thursday that updated clinical trial data showed their vaccine is around 91% effective at preventing COVID-19 cases.
Published 01 Apr, 2021 05:32pm
Canadian dollar forecasts grow more bullish as economy strengthens
USA

Canadian dollar forecasts grow more bullish as economy strengthens

*The median forecast of more than 30 strategists was for the Canadian dollar to rise a further 0.6% over the next three months to 1.25 per US dollar, or 80 US cents. * "We expect the Canadian dollar to be a general outperformer among the G10 over the coming year," said Erik Nelson, a currency strategist at Wells Fargo in New York.
Published 01 Apr, 2021 05:15pm
COVID vaccine not needed for performing Umrah in Ramadan, say Saudi officials
World

COVID vaccine not needed for performing Umrah in Ramadan, say Saudi officials

  • Those working in the Hajj and Umrah sectors are required to get vaccinated before the start of Ramadan, which will be on April 12
  • Saudi authorities increased inspection campaigns to ensure adherence to remaining measures such as restricting the number of gatherings in social events to 20 people only
Published 01 Apr, 2021 04:41pm
CanSinoBIO says COVID-19 shot may be less effective over time
World

CanSinoBIO says COVID-19 shot may be less effective over time

  • CanSinoBIO’s chief scientific officer says a second shot given to trial participants six months after their first injection could offer substantial protection against the virus
  • Tao says accurate and precise results could only be gathered after more clinical trials
Updated 01 Apr, 2021 02:51pm
U.S. envoy Kerry heads to India to try and lift 'climate ambition'
World

U.S. envoy Kerry heads to India to try and lift 'climate ambition'

  • Prime Minister Narendra Modi’s government is facing calls from the United States and Britain to commit India to a net zero emissions target by 2050
  • Kerry will also visit the United Arab Emirates and Bangladesh, which experts say is especially vulnerable to climate change
Published 01 Apr, 2021 01:55pm