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Archive

World

Friday, May 21, 2021

Italy reports 218 coronavirus deaths on Friday, 5,218 new cases
Europe

Italy reports 218 coronavirus deaths on Friday, 5,218 new cases

  • Patients in hospital with COVID-19 - not including those in intensive care - stood at 9,925 on Friday, down from 10,383 a day earlier.
  • There were 51 new admissions to intensive care units, down from 69 on Thursday. The total number of intensive care patients fell to 1,469 from a previous 1,544.
Published 21 May, 2021 09:00pm
Euro zone business growth hits three-year high but ECB cautious
Europe

Euro zone business growth hits three-year high but ECB cautious

  • As the economy rebounds and confidence improves, some policymakers are making the case for the ECB to start giving up its emergency measures and revert to more traditional forms of stimulus.
  • "We are committed to preserving favourable financing conditions. It's far too early and it's actually unnecessary to debate longer-term issues," Lagarde said on Friday.
Published 21 May, 2021 08:31pm
Canada retail sales seen plunging in April as restrictions tightened
USA

Canada retail sales seen plunging in April as restrictions tightened

  • Statscan also said March retail trade rose by 3.6% from February, thanks in part to higher sales at building material and garden equipment and supplies dealers. Analysts in a Reuters poll had forecast a 2.3% increase.
  • The Canadian dollar, which has been flirting with six-year highs against the US dollar, held onto earlier gains and was trading up 0.1% on the day at C$1.2040 to the greenback, or 83.06 US cents.
Published 21 May, 2021 07:25pm
Canada likely to extend travel ban on India, Pakistan
World

Canada likely to extend travel ban on India, Pakistan

  • A statement from Health Canada said that the government was monitoring the situation and may extend the travel ban to continue to protect Canadians.
  • Air Canada spokesperson, Peter Fitzpatrick, said that they have postponed the existing flight suspension to India until June 22, without mentioning Pakistan.
Updated 21 May, 2021 07:42pm
China's Xi pledges $3bn pandemic aid for poor nations
South Asia

China's Xi pledges $3bn pandemic aid for poor nations

  • The funds will go toward supporting the COVID-19 response and economic and social recovery, Xi said in a speech at the Group of 20 Global Health Summit.
  • China has already supplied 300 million vaccine doses to the rest of the world and will provide more to the best of its ability, he added.
Published 21 May, 2021 07:05pm
US manufacturing activity powers ahead in early May; work backlogs rising: survey
USA

US manufacturing activity powers ahead in early May; work backlogs rising: survey

  • According to IHS Markit "manufacturers highlighted that strain on capacity and raw material shortages are expected to last through 2021." It noted that the supply crunch was raising production costs for manufacturers, who "made efforts to pass higher cost burdens on to clients."
  • The survey said its measure of new orders increased and that though factories tried to recruit more workers, the pace of hiring was the slowest in five months.
Published 21 May, 2021 07:03pm
UK PMI business survey hits record high as lockdowns ease, prices jump too
Europe

UK PMI business survey hits record high as lockdowns ease, prices jump too

  • Retail sales and consumer confidence data earlier on Friday also pointed to a swift recovery taking shape in Britain's economy as hard-hit restaurants, pubs and shops reopened following months of lockdown closures.
  • Hotels, restaurants and other previously closed consumer services saw the strongest jump in demand, the PMIs showed.
Published 21 May, 2021 05:04pm
Hours after ceasefire, Israeli police attack Al-Aqsa Mosque
Middle East

Hours after ceasefire, Israeli police attack Al-Aqsa Mosque

  • Israeli forces have stormed the Al-Aqsa Mosque compound, launching tear gas, rubber bullets and stun grenades at worshippers, risking the longevity of the newly-agreed ceasefire.
  • Several injuries are being reported, as worshippers come under siege from Israeli forces.
Updated 21 May, 2021 07:55pm
Israel agrees to ceasefire after 11-day destruction
World

Israel agrees to ceasefire after 11-day destruction

  • A statement from Israeli Prime Minister Benjamin Netanyahu's office said the security cabinet had "unanimously accepted the recommendations to accept an Egyptian initiative for an unconditional... ceasefire."
Updated 21 May, 2021 07:40am