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World

Monday, May 17, 2021

Italy reports 140 coronavirus deaths on Monday, 3,455 new cases
Europe

Italy reports 140 coronavirus deaths on Monday, 3,455 new cases

  • Patients in hospital with COVID-19 - not including those in intensive care - stood at 12,024 on Monday, down from 12,134 a day earlier.
  • There were 69 new admissions to intensive care units, slightly up from 60 on Sunday. The total number of intensive care patients fell to 1,754 from a previous 1,779.
Published 17 May, 2021 09:52pm
Biden administration approved $735 million arms sale to Israel
USA

Biden administration approved $735 million arms sale to Israel

  • Three congressional aides said Congress was officially notified of the intended commercial sale on May 5, as part of the regular review process before major foreign weapons sales agreements can go ahead.
  • The sale of Joint Direct Attack Munitions, or JDAMs, made by Boeing Co, was considered routine at the time, before the start last week of the fiercest hostilities in the region in years.
Published 17 May, 2021 09:38pm
Russia's economy shrinks 1pc y/y in Q1 -preliminary data
Europe

Russia's economy shrinks 1pc y/y in Q1 -preliminary data

  • The figures from the Federal Statistics Service Rosstat showed an improvement on the previous quarter's 1.8% year-on-year GDP drop, signalling that Russia's economy is still on course for recovery.
  • Transport was the worst affected sector, contracting 34% in the first quarter, and the mining, services and retail industries also suffered setbacks, Rosstat said.
Published 17 May, 2021 09:08pm
Nigeria's annual inflation rate dips slightly in April, naira in focus
Africa

Nigeria's annual inflation rate dips slightly in April, naira in focus

  • It reached a more than four-year high of 18.17% last month and analysts say a weaker naira currency could yet stoke a further rise in prices. The central bank targets an inflation band of 6% to 9%.
  • Africa's biggest economy let its currency to weaken against the dollar on the official market from Friday, in a possible move by the central bank to unify its numerous exchange rates.
Published 17 May, 2021 09:06pm
US homebuilder confidence steady in May, survey shows
USA

US homebuilder confidence steady in May, survey shows

  • "Builder confidence in the market remains strong due to a lack of resale inventory, low mortgage interest rates, and a growing demographic of prospective home buyers," NAHB Chairman Chuck Fowke said in a statement.
  • "Policymakers must take note and find ways to increase production of domestic building materials, including lumber and steel, and suspend tariffs on imports of construction materials," Fowke said.
Published 17 May, 2021 08:47pm
WHO chief calls on vaccine makers to advance doses for COVAX
Europe

WHO chief calls on vaccine makers to advance doses for COVAX

  • "While we appreciate the work of AstraZeneca who have been steadily increasing the speed and volume of their deliveries, we need other manufacturers to follow suit," said WHO Director-General Tedros Adhanom Ghebreyesus at a virtual briefing, mentioning Pfizer and Moderna specifically.
Published 17 May, 2021 08:30pm
World Economic Forum cancels 2021 annual meeting in Singapore
Europe

World Economic Forum cancels 2021 annual meeting in Singapore

  • The city-state has in recent days imposed some of the tightest restrictions since it exited a lockdown last year to combat a spike in local COVID-19 infections.
  • The WEF's next annual meeting will instead take place in the first half of 2022. Its location and date will be determined based on an assessment of the situation later this summer, it added in a statement.
Published 17 May, 2021 08:26pm
UN General Assembly to meet Thursday on Israel's Military Offensive in Gaza
Middle East

UN General Assembly to meet Thursday on Israel's Military Offensive in Gaza

  • The United Nations General Assembly will be convening this week to discuss the ongoing crisis in the Gaza Strip, and Israel's military offensive in the disputed territory.
  • At least 200 Palestinians have been killed in Israeli attacks on the Gaza Strip since the past week, a figure that includes 59 children and 35 women.
Published 17 May, 2021 08:15pm
US seeks 'justification' from Israel for strike on media building
World

US seeks 'justification' from Israel for strike on media building

  • The Israeli Air Force destroyed a building housing The Associated Press and Al Jazeera offices and claimed that Hamas used the building for a military intelligence office.
  • However, the US Secretary of State Antony Blinken said he has not seen any information provided.
Updated 17 May, 2021 07:53pm
Canada home sales, average price decline in April from March
USA

Canada home sales, average price decline in April from March

  • The actual national average selling price was C$696,000 in April, falling 2.9% from March but up 41.9% from a year earlier as it was compared with a sharp decline in April 2020 amid the first wave of COVID-19, the industry group said.
Published 17 May, 2021 06:48pm
AT&T strikes deal merging WarnerMedia with Discovery
World

AT&T strikes deal merging WarnerMedia with Discovery

  • The merger would enable AT&T to become a global leader in the entertainment industry and global streaming
  • Under the deal, AT&T will receive $43 billion in a combination of cash, debt securities, and debt retention on the part of WarnerMedia
  • The new company will be led by Discovery President and CEO David Zaslav
Published 17 May, 2021 04:59pm
Israel kills Islamic Jihad commander, Palestinians renew rocket barrage
Middle East

Israel kills Islamic Jihad commander, Palestinians renew rocket barrage

  • Israel killed a senior Palestinian militant commander in Gaza on Monday in air strikes which it said also targeted underground tunnels used by Hamas, and Islamist groups renewed rocket attacks on Israeli cities.
  • The violence entered a second week with no sign of an end to the fiercest hostilities in the region in years, despite growing international concern and mounting calls for a ceasefire.
Published 17 May, 2021 04:19pm
Russia seeks to outlaw Navalny movement
World

Russia seeks to outlaw Navalny movement

  • Navalny's probe into a Black Sea palace Russian tycoons allegedly built for Putin has racked up more than 116 million views on YouTube since its release in January. Putin denies the palace is his.
Updated 17 May, 2021 05:24pm
Sao Paulo mayor dies
World

Sao Paulo mayor dies

SAO PAULO: The mayor of Sao Paulo, Brazil’s most populous city, died Sunday after a long battle with cancer of the...
Published 17 May, 2021 06:14am
Singapore to shut schools
Asia

Singapore to shut schools

SINGAPORE: Singapore will shut most schools from Wednesday after the city-state reported the highest number of local...
Published 17 May, 2021 06:14am
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