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World

Thursday, April 22, 2021

IMF chief urges G20 to adopt carbon price floor to reach climate goals
USA

IMF chief urges G20 to adopt carbon price floor to reach climate goals

  • A robust price on carbon was needed to ensure that global carbon emissions were reduced in line with the goals of the 2015 Paris climate accord, she said, noting that over 60 pricing schemes had already been implemented.
  • Setting a price floor could avoid less efficient and contentious border carbon adjustments if some countries moved ahead with robust pricing and others did not.
Published 22 Apr, 2021 08:08pm
Brazil will reach climate neutrality by 2050, Bolsonaro says
USA

Brazil will reach climate neutrality by 2050, Bolsonaro says

  • Speaking at a summit of world leaders, Bolsonaro's pledge would move up the previous target for reaching net zero emissions by 10 years.
  • He repeated a commitment made last week to end illegal deforestation by 2030, adding that it would reduce the country's greenhouse gas emissions by roughly 50% by that date.
Published 22 Apr, 2021 07:56pm
COVID-19 spike is biggest challenge to India's recovery: MPC minutes
South Asia

COVID-19 spike is biggest challenge to India's recovery: MPC minutes

  • The MPC kept its key interest rate at a record low of 4% earlier this month and said monetary policy would remain accommodative until the prospects of a sustained recovery were well secured.
  • "The economic recovery can come under risk if this new wave of infections is not flattened soon," said Mridul Saggar, executive director at RBI and a member of the MPC.
Published 22 Apr, 2021 06:44pm
Germany's finance minister rejects blame for Wirecard fiasco
Europe

Germany's finance minister rejects blame for Wirecard fiasco

  • Olaf Scholz joins a long list of politicians and officials who have denied responsibility for slipshod oversight and what critical lawmakers see as a pro-Wirecard bias that failed to avert Germany's biggest post-war fraud.
  • The case, on a par with the Enron scandal in the United States, has prompted the resignation of the heads of two German supervisory authorities, an overhaul of regulation, and criminal investigations.
Published 22 Apr, 2021 06:37pm
African countries urged not to waste vaccines after expiry confusion
Africa

African countries urged not to waste vaccines after expiry confusion

  • My appeal to member states is: if we are doing our part to mobilise these vaccines, you do your part and use the vaccines.
  • South Sudan has set aside 59,000 doses supplied by the AU and is not using them because of the same expiry issue, a government official told Reuters last week.
Published 22 Apr, 2021 06:04pm
Mexico annual inflation rises to 6.05pc, highest since December 2017
USA

Mexico annual inflation rises to 6.05pc, highest since December 2017

  • The national statistics agency (INEGI) said consumer price inflation in the year through the first half of April rose to 6.05%, on the back of increasing energy and food, beverage and tobacco prices.
  • The figure beat the final consensus forecast of a Reuters poll of analysts for a headline reading of 5.84% and is the highest level since the 6.85% registered in the second half of December 2017.
Published 22 Apr, 2021 05:57pm
German upper house backs new law to fight third COVID wave
Europe

German upper house backs new law to fight third COVID wave

  • The law still needs the signature of President Frank-Walter Steinmeier before it can come into force. The changes will apply initially until June 30.
  • Merkel drew up the law after some of Germany's 16 federal states refused to impose tough measures despite a surge in cases.
Published 22 Apr, 2021 05:43pm
China Strongly Condemns 'Terrorist Attack' In Balochistan
China

China Strongly Condemns 'Terrorist Attack' In Balochistan

  • On Thursday, China stated that it "strongly condemns" the bombing of a luxury hotel hosting the Chinese ambassador in Southwestern Pakistan, which killed at least four people.
  • Pakistan's military is fighting an insurgency in the province, and it is host to China's significant strategic infrastructure interests, through the China-Pakistan Economic Corridor.
Updated 22 Apr, 2021 02:19pm
India reports world's highest rise in COVID-19 cases
South Asia

India reports world's highest rise in COVID-19 cases

  • In a late surge, India has reported more than 300,000 coronavirus cases in the past 24 hours, the highest global daily total.
  • The country now has a total of 15.93 million cases, the second-highest tally in the world, while deaths jumped by 2104 to reach a tally of 184,657, according to data from the Indian Health Ministry.
Published 22 Apr, 2021 11:37am
Biden to recognize massacre of Armenians as genocide: reports
World

Biden to recognize massacre of Armenians as genocide: reports

  • "Mr President, as you said last year in your April 24 statement, 'Silence is complicity.' The shameful silence of the United States government on the historic fact of the Armenian Genocide has gone on for too long, and it must end," the letter said.
Published 22 Apr, 2021 10:55am
Vaccine hesitancy one of the biggest threats to public health: Report
South Asia

Vaccine hesitancy one of the biggest threats to public health: Report

  • A recent report revealed that a wide array of factors including gender, education and media consumption can have an impact on public attitudes towards the coronavirus vaccinations across Central Asian countries.
  • According to the World Health Organisation, vaccine hesitancy is one of the biggest threats to global health, with experts identifying that one of the most common reasons for refusal include a lack of trust and inaccessibility.
Updated 22 Apr, 2021 09:49am
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