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Apr 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
World - 2021-05-04
Brazilian inflation bubbles as annual March PPI hits record 33.5pc
USA

Brazilian inflation bubbles as annual March PPI hits record 33.5pc

  • The annual rate of factory gate inflation in Latin America's largest economy rose to 33.5% from 28.5%, the highest level since statistics agency IBGE's data series began in January 2014.
  • The accumulated rate of inflation in the first quarter of the year was also a record for the January-March period, rising to 14.1% from 8.9% in the three months to February, IBGE said
Published 04 May, 2021 07:51pm
Canada posts C$1.1 billion trade deficit in March
USA

Canada posts C$1.1 billion trade deficit in March

  • Canada's trade deficit with the world was C$1.1 billion ($892.21 million) in March. Analysts polled by Reuters had predicted a surplus of C$700 million after a revised C$1.42 surplus in February.
  • Exports to the United States fell 3.8% in March, while imports rose 5.2%. Canada's trade surplus with the US, it's largest trading partner, narrowed in March to C$4.3 billion.
Published 04 May, 2021 07:50pm
German cabinet passes decree to ease COVID-19 curbs for vaccinated
Europe

German cabinet passes decree to ease COVID-19 curbs for vaccinated

  • Lambrecht said the curbs, introduced to contain infections and prevent the health system from becoming overburdened, must be relaxed once they can no longer be justified.
  • "If the risk of virus transmission is greatly reduced in fully vaccinated and recovered people, this must be taken into account in the measures. We have now implemented this," she said.
Published 04 May, 2021 07:40pm
EU, India to revive stalled trade talks, draft statement says, in counterweight to China
Europe

EU, India to revive stalled trade talks, draft statement says, in counterweight to China

  • The draft statement, which must be signed off by EU ambassadors on Wednesday and needs New Delhi's final approval, would bind together two of the world's biggest economies in an alliance seen as a counter to China's power.
  • The deal would follow on from a similar accord signed between the EU and Japan in 2019, seeking an alternative to Chinese largesse that raised suspicion in the West and Tokyo.
Published 04 May, 2021 06:51pm
Melinda Gates sees US government donating COVID vaccine doses soon
USA

Melinda Gates sees US government donating COVID vaccine doses soon

  • I think the US government is looking at their supply of vaccine and deciding, okay how much should we do through COVAX, how much should we do bilaterally, so I think you're going to start to see some movement there.
  • The Bill & Melinda Gates Foundation has become one of the most powerful and influential forces in global public health, and last year committed about $1.75 billion to COVID-19 relief.
Published 04 May, 2021 05:50pm
G7 pushes solidarity to tackle global threats

G7 pushes solidarity to tackle global threats

  • On China, which has been accused of repressing its minority Uyghur population and cracking down on rights in Hong Kong, and Russia, Raab said the "door was open" to better ties.
Published 04 May, 2021 10:54am
France rejects British fishing demands as Brexit row deepens

France rejects British fishing demands as Brexit row deepens

8 On Friday, Britain authorised 41 ships equipped with Vessel Monitoring System (VMS) technology -- which allows ships to be located -- to fish in waters off the island of Jersey, which is a self-governing British Crown Dependency.
Published 04 May, 2021 10:30am
Pentagon downplays newest Afghanistan clashes

Pentagon downplays newest Afghanistan clashes

  • Fighting between Afghan government forces and the Taliban on Saturday and Sunday in several provinces, including Kandahar, left more than 100 insurgents dead, according to the Afghan defense ministry.
Published 04 May, 2021 10:28am
India's Serum Institute 'to invest in UK'

India's Serum Institute 'to invest in UK'

  • The Serum Institute of India (SII) is the world's largest vaccine maker by volume, and has been at the forefront of producing the lower-cost AstraZeneca coronavirus shot.
Published 04 May, 2021 10:03am
New York to lift many Covid-19 restrictions

New York to lift many Covid-19 restrictions

  • Monday's announcement, made in coordination with the neighboring states of New Jersey and Connecticut, came as 80,000 city government workers returned to offices, according to Mayor Bill de Blasio.
Published 04 May, 2021 10:01am
France rescues Gupta foundries

France rescues Gupta foundries

PARIS: France has provided a 10-million-euro ($12-million) loan to Alvance, part of the steelmaking GFG Alliance...
Updated 04 May, 2021 09:54am
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