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Archive

World

Thursday, May 27, 2021

Microsoft, Mastercard sign on to VP Harris's Central America strategy
USA

Microsoft, Mastercard sign on to VP Harris's Central America strategy

  • The meeting will be attended by top executives from yogurt maker Chobani, food giant Nestle's Nespresso unit, financial companies Bancolombia and Davivienda as well as language-learning website Duolingo.
  • The US vice president's push to spur regional economic growth will focus on six areas.
Published 27 May, 2021 07:15pm
Biden to push $6 trillion US budget for next fiscal year
USA

Biden to push $6 trillion US budget for next fiscal year

  • Citing documents it had obtained, the Times said the Democratic president planned to pay for his agenda through increased taxes on corporations and high earners, and that the budget deficits would start to decrease in the 2030s.
  • "It just seems like the trillions keep on coming," Republican US Senator Shelley Moore Capito, who is leading a group of colleagues pursuing a counteroffer to Biden's current $1.7 trillion infrastructure proposal.
Published 27 May, 2021 07:13pm
Brazil's unemployment hits historic high 14.7pc in the first quarter
USA

Brazil's unemployment hits historic high 14.7pc in the first quarter

  • The official unemployment rate rose from 13.9% in the three months through December, statistics agency IBGE said, in line with the median forecast in a Reuters poll of economists.
  • Unemployment rates tend to rise at the beginning of each year as people hired at the end of the previous year are dismissed. These layoffs in the first few months of the year put pressure on the job market.
Published 27 May, 2021 07:06pm
India scraps local trials for COVID shots, says Pfizer vaccine could arrive by July
South Asia

India scraps local trials for COVID shots, says Pfizer vaccine could arrive by July

  • The world's second-most populous country this month recorded its highest monthly COVID-19 death toll since the pandemic began last year, accounting for just over a third of the overall total.
  • India reported 211,298 new infections on Thursday, the world's highest daily rise, but nearly half the daily infections it recorded earlier this month.
Published 27 May, 2021 06:55pm
Not enough data to back use of inhaled steroids for COVID-19: EU regulator
Europe

Not enough data to back use of inhaled steroids for COVID-19: EU regulator

  • Scientists have been studying the benefits of several inflammation-fighting medicines to treat COVID-19, including some arthritis treatments and corticosteroids such as dexamethasone and budesonide.
  • An infection of the novel coronavirus can cause swelling in organs, including the lungs, which can also lead to severe complications.
Published 27 May, 2021 06:49pm
US Republicans unveil $928 billion infrastructure counteroffer
USA

US Republicans unveil $928 billion infrastructure counteroffer

  • The plan, from a group of six Republicans led by Senator Shelley Moore Capito, represents their counter-offer to a week-old $1.7 trillion White House proposal that slashed more than $500 billion from Biden's original $2.25 trillion plan in a bid to reach a bipartisan agreement.
  • "Senate Republicans continue to negotiate in good faith," Capito told a news conference. "There is a real hunger for bipartisanship in the United States Senate."
Published 27 May, 2021 06:33pm
Mexico calls for 'urgent' meeting with US over air safety rating
USA

Mexico calls for 'urgent' meeting with US over air safety rating

  • "We have sent the FAA administrator a new statement by email requesting an urgent meeting with its auditors to jointly review, with our specialists, the evidence submitted," Deputy Transport Minister Carlos Alfonso Moran said in a statement issued late on Wednesday.
Published 27 May, 2021 06:27pm