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World

Wednesday, May 5, 2021

Irish 2021 tax take 1.4pc ahead of expectations at end-April
Europe

Irish 2021 tax take 1.4pc ahead of expectations at end-April

  • That helped the treasury collect 0.4% more income tax than expected by the end of April while VAT receipts came in 1.5% ahead of forecast.
  • Excise duties on products such as alcohol, tobacco and energy beat the department's expectations by 2.7%.
Published 05 May, 2021 08:27pm
Sinovac COVID-19 vaccine effective but some data lacking: WHO experts
Europe

Sinovac COVID-19 vaccine effective but some data lacking: WHO experts

  • The Sinovac vaccine has been authorised in 32 countries and jurisdictions, with 260 million doses distributed, the SAGE experts said.
  • "We are very confident that 2 doses of CoronaVac are efficacious in preventing PCR confirmed COVID19 in adults (18-59 years)," SAGE said in an assessment posted on the WHO website.
Published 05 May, 2021 08:15pm
US economy regains more private jobs in April: survey
USA

US economy regains more private jobs in April: survey

  • "The labor market is recovering and job growth is set to accelerate over coming months as the economy continues to move closer to a broader reopening," Rubeela Farooqi of High Frequency Economics said.
Published 05 May, 2021 06:50pm
Japan backs ADB with $15mn for universal health coverage in Asia
South Asia

Japan backs ADB with $15mn for universal health coverage in Asia

  • Addressing the Asian Development Bank's (ADB) annual meeting, Aso underscored the need to support health systems to cope with infectious diseases such as COVID-19 as well as other illness.
  • Promoting universal health coverage will help reinforce health systems to prevent future pandemics, ensuring inclusive and sustainable economic growth in the region with ageing populations, Aso said.
Published 05 May, 2021 06:48pm
US FDA expected to authorize Pfizer vaccine for 12-15-year-olds soon
USA

US FDA expected to authorize Pfizer vaccine for 12-15-year-olds soon

  • The approval is highly anticipated after the drugmaker said in March the vaccine was found to be safe, effective and produced a robust antibody responses in 12- to 15-year-olds in a clinical trial.
  • The vaccine has already been cleared in the United States for those aged 16 and above.
Published 05 May, 2021 06:26pm
Canadian pension fund reviews options for Spain's Eolia
USA

Canadian pension fund reviews options for Spain's Eolia

  • AIMCo has hired advisers to decide on strategic options for the business that operates around 860 megawatts (MW) of renewable energy generation capacity in Spain, the sources said on condition of anonymity because the matter is confidential.
Published 05 May, 2021 06:22pm
US trade chief expects to engage China in 'near term' on Phase 1 deal
USA

US trade chief expects to engage China in 'near term' on Phase 1 deal

  • Tai told a Financial Times online event that she respects the need for continuity in US-China trade policy, including the two-year "Phase 1" deal implemented last year by the Trump administration.
  • "It's the agreement that we have, it's the agreement that we will work from, that we will build from," Tai said.
Published 05 May, 2021 06:20pm
Brazil industrial output falls in March for second month, but less than expected
USA

Brazil industrial output falls in March for second month, but less than expected

  • The 2.4% fall in industrial output in March was less than the median estimate in a Reuters poll of economists for a 3.5% decline, although February's figure was revised lower to a 1.0% fall.
  • Fifteen of the 26 sectors surveyed saw a decline in production on the month, including a 14.1% fall in clothing output, IBGE said.
Published 05 May, 2021 06:14pm
Facebook oversight board to rule on Trump’s return to Facebook
USA

Facebook oversight board to rule on Trump’s return to Facebook

  • Facebook's oversight board on Wednesday will decide whether to uphold the company’s indefinite suspension of former U.S. President Donald Trump.
  • Several academics and civil rights groups have publicly shared their letters urging the board to block Trump permanently, while Republican lawmakers and some free expression advocates have criticised the decision.
Published 05 May, 2021 05:08pm
EU beefs up powers to control China investment
Europe

EU beefs up powers to control China investment

  • The new rules, once approved by member states and European Parliament, will give EU competition authorities new abilities to probe foreign companies seeking to snap up EU companies or public contracts.
Published 05 May, 2021 04:10pm
COVID scare at G7 meeting after Indian delegates test positive
World

COVID scare at G7 meeting after Indian delegates test positive

  • India, currently undergoing the world's worst surge in COVID-19 cases, is attending the G7 as a guest
  • The meeting is a precursor to the main G7 summit due to take place at a rural English resort in June, with U.S. President Joe Biden and other world leaders set to attend
Published 05 May, 2021 03:13pm
Pfizer expands production as quarterly earnings surge to $3.5 billion
USA

Pfizer expands production as quarterly earnings surge to $3.5 billion

  • Pfizer has earned $3.5 billion in the first quarter of 2021, as the ramped up sales of the COVID-19 vaccine boosted its projected annual earnings to $26 billion.
  • The American pharmaceutical company announced on Tuesday that it has raised its annual revenue guidance to up to $72.5 billion, up from $61.4 billion, predominantly due to the contractual delivery of 1.6 billion vaccine doses in 2021.
Published 05 May, 2021 10:40am
COVID crisis pushed 75 million Indians into poverty in 2020
World

COVID crisis pushed 75 million Indians into poverty in 2020

  • The number of Indians living below the poverty line is expected to reach 134 million, which is more than double the 59 million projected prior to the recession
  • The poverty rate in India rose to 9.7 percent in 2020, a sharp increase from the January 2020 forecast of 4.3 percent
Updated 05 May, 2021 11:01am
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