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World - 2021-04-07
Canada's Ivey PMI jumps to 10-year high as activity accelerates in March
USA

Canada's Ivey PMI jumps to 10-year high as activity accelerates in March

  • The seasonally adjusted index rose to 72.9 from 60.0 in February, surpassing analysts' expectations for 60.5. It was the highest level for the index since March 2011 and the second highest since the PMI was launched in 2000.
  • The Ivey PMI measures the month-to-month variation in economic activity as indicated by a panel of purchasing managers in the public and private sectors from across Canada. A reading above 50 indicates an increase in activity.
Published 07 Apr, 2021 08:32pm
US to restore about $150 million in aid to Palestinians
USA

US to restore about $150 million in aid to Palestinians

  • Democratic President Joe Biden has made clear he intends to roll back parts of his Republican predecessor's approach that Palestinians denounced as heavily biased in favor of Israel.
  • Biden's aides have also made clear they want to re-establish the goal of a negotiated two-state solution as a priority in US policy on the Israeli-Palestinian conflict.
Published 07 Apr, 2021 08:31pm
Regions in Spain tighten COVID-19 measures as cases creep up
Europe

Regions in Spain tighten COVID-19 measures as cases creep up

  • Spain's national infection rate, as measured over the past 14 days, rose to 165 cases per 100,000 people on Tuesday, up from 128 cases in mid-March, but still well below the 900-case peak seen in late January.
  • Officials said the data likely did not yet reflect the impact of the Easter break and warned that intensive care hospitalisations were on the rise.
Published 07 Apr, 2021 08:28pm
Japan's Aso says G20 clarified, not changed, its stance on FX
South Asia

Japan's Aso says G20 clarified, not changed, its stance on FX

  • "We clarified in written form the G20 nations' thinking on currency rates. It's a clarification, not a change, in our stance," Aso told reporters on Wednesday.
  • Aso was speaking after attending a virtual meeting of leaders from the G20 major economies, held on the sidelines of IMF/World Bank spring meetings.
Published 07 Apr, 2021 08:20pm
Britain recommends not using Oxford/AstraZeneca vaccine for under-30s
Europe

Britain recommends not using Oxford/AstraZeneca vaccine for under-30s

  • "We are not advising a stop to any vaccination for any individual in any age group. We are advising a preference for one vaccine over another vaccine for a particular age group, really out of the utmost caution, rather than because we have any serious safety concerns," he said at a briefing. It came after Britain's MHRA medicine regulator identified a possible side-effect from the COVID-19 vaccine developed by Oxford University and AstraZeneca involving rare brain blood clotting.
Published 07 Apr, 2021 08:09pm
Egypt's Sisi warns of potential for conflict over Ethiopian dam
Africa

Egypt's Sisi warns of potential for conflict over Ethiopian dam

  • Delegations from the three governments met earlier this week in Kinshasa in the Democratic Republic of Congo but failed to bridge their differences.
  • Sisi, speaking at the opening of a new government complex, said Sudan and Egypt were coordinating on the issue and that "cooperation and agreement are much better than anything else".
Published 07 Apr, 2021 08:07pm
EU expects impact on vaccination plans from new guidance on AstraZeneca shot
Europe

EU expects impact on vaccination plans from new guidance on AstraZeneca shot

  • "We expect this announcement will have a direct and immediate impact not only on our national vaccination plans, but also in our citizens' trust in vaccines against COVID-19," the letter said.
  • The EU is grappling with a slow vaccine rollout caused by supply problems and by repeated changes in the use of the AstraZeneca shot, which have increased vaccine hesitancy.
Published 07 Apr, 2021 08:05pm
Norway to ease COVID restrictions if infections decline, PM says
Europe

Norway to ease COVID restrictions if infections decline, PM says

  • Norway has had some of Europe's lowest rates of infections and deaths since the start of the pandemic early last year, but saw a rapid increase in hospitalisations in March led by more contagious variants of the coronavirus.
  • "Before we open up we need to see low and stable infection rates. It is important that the number of hospitalisations come down from today's level," Solberg said.
Published 07 Apr, 2021 07:17pm
South Korea suspends AstraZeneca shots for people under 60 amid European review
South Asia

South Korea suspends AstraZeneca shots for people under 60 amid European review

  • The European Medical Agency (EMA) is due to announce the results of a review on whether some cases of blood clotting in adults may be linked to the AstraZeneca shot.
  • South Korea's food and drug safety ministry said on Wednesday it had granted final approval for Johnson & Johnson's (J&J) vaccine after a panel of experts ruled the single-dose shot was safe and effective.
Published 07 Apr, 2021 07:12pm
Philippines allows use of Sinovac's COVID-19 vaccine for senior citizens
South Asia

Philippines allows use of Sinovac's COVID-19 vaccine for senior citizens

  • The Department of Health and the Food and Drug Administration said they made the decision after receiving the recommendation of the Department of Science and Technology's vaccine expert panel.
  • Senior citizens can now receive CoronaVac shots provided there is stringent evaluation of the person's health status and exposure risk, they said in a statement.
Published 07 Apr, 2021 07:06pm
IMF says more vaccine spending is fastest way to shore up public finances
USA

IMF says more vaccine spending is fastest way to shore up public finances

  • The IMF said in its 2021 Fiscal Monitor report that if faster global vaccinations bring the virus under control sooner, more than $1 trillion in additional global tax revenue could be collected through 2025 in advanced economies.
  • "Vaccination will, thus, more than pay for itself, providing excellent value for public money invested in ramping up global vaccine production and distribution," the IMF said in the report.
Published 07 Apr, 2021 06:54pm
Sweden registers 6,814 new COVID-19 cases, 45 deaths on Wednesday
Europe

Sweden registers 6,814 new COVID-19 cases, 45 deaths on Wednesday

  • The country of 10 million inhabitants registered 45 new deaths, taking the total to 13,578. The deaths registered have occurred over several days and sometimes weeks.
  • Sweden's death rate per capita is many times higher than that of its Nordic neighbours' but lower than in most European countries that opted for lockdowns.
Published 07 Apr, 2021 06:29pm
China-EU relations facing challenges, Xi tells Germany's Merkel
South Asia

China-EU relations facing challenges, Xi tells Germany's Merkel

  • EU allies the United States, Britain and Canada also sanctioned Chinese officials over Xinjiang, and the row is threatening to derail an EU-China investment pact agreed in late 2020 after years of negotiations.
  • Xi also urged Germany and the EU to make joint efforts with China to maintain healthy and stable development of bilateral cooperation, according to the readout.
Published 07 Apr, 2021 06:11pm
Hungary starts reopening despite highest daily COVID deaths
Europe

Hungary starts reopening despite highest daily COVID deaths

  • Even so, Hungary reported its highest ever daily coronavirus death tally - 311 - on Wednesday, bringing the total to 22,409.
  • "This virus has destroyed us," said Maria Tarnoky, a hairdresser in Budapest joyfully washing and cutting her first customer's hair after a month's pause.
Published 07 Apr, 2021 05:58pm
IMF raises most Gulf countries' economic growth forecasts
Middle East

IMF raises most Gulf countries' economic growth forecasts

  • Saudi Arabia's economy, the region's largest, is expected to grow 2.9% this year, up from the 2.6% forecast in January, the IMF said in its latest World Economic Outlook, released this week.
  • Oman saw the biggest positive revision of the Gulf countries, from expectations of a 0.5% contraction this year to a forecast of 1.8% growth.
Published 07 Apr, 2021 05:46pm
India imposes new curbs as Covid-19 cases hit record

India imposes new curbs as Covid-19 cases hit record

  • Many Indians lowered their guard after infections slowed sharply in late 2020, with huge crowds thronging religious festivals such as the Kumbh Mela which on one day last month saw three million attendees.
Updated 07 Apr, 2021 07:52pm
UK begins rollout of Moderna Covid vaccine in Wales

UK begins rollout of Moderna Covid vaccine in Wales

  • The United Kingdom has vaccinated 31.6 million people with a first dose of a COVID-19 vaccine - and administered 5.5 million second doses. It will shortly have vaccinated half of its total population.
Published 07 Apr, 2021 11:01am
Sudan abolishes Israel boycott law

Sudan abolishes Israel boycott law

KHARTOUM: Sudan’s cabinet approved a bill Tuesday abolishing a 1958 law on boycotting Israel, six months after...
Updated 07 Apr, 2021 09:53am