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Archive

World

Monday, May 31, 2021

EXPLAINER: Why is a tranquil Indian archipelago simmering in protest?
World

EXPLAINER: Why is a tranquil Indian archipelago simmering in protest?

  • The Kerala state legislative assembly adopted a motion on Monday demanding protection for people's livelihoods and the removal of the lawmaker, Praful Patel.
  • Adding to the bad feeling, a protest against a local official's comments on drug abuse resulted in 23 arrests, according to Indian media.
Published 31 May, 2021 11:04pm
Italy reports 82 coronavirus deaths on Monday, 1,820 new cases
Europe

Italy reports 82 coronavirus deaths on Monday, 1,820 new cases

  • Italy has registered 126,128 deaths linked to COVID-19 since its outbreak emerged in February last year, the second-highest toll in Europe after Britain and the seventh-highest in the world. The country has reported 4.22 million cases to date.
Published 31 May, 2021 08:44pm
Israel, UAE sign tax treaty to boost economic cooperation
Middle East

Israel, UAE sign tax treaty to boost economic cooperation

  • The UAE finance ministry said in October that it had reached a preliminary agreement with Israel on avoiding double taxation.
  • The tax convention, once ratified by ministers and parliament this year, will be Israel's 59th and go into effect on Jan. 1, 2022.
Published 31 May, 2021 07:54pm
Portugal's economy shrinks 3.3pc in Q1 after coronavirus lockdown
Europe

Portugal's economy shrinks 3.3pc in Q1 after coronavirus lockdown

  • To fight a surge in COVID-19 infections in mid-January, which at the time was the deadliest outbreak per capita in the world, Portugal imposed a strict three-month lockdown, which has since been gradually lifted.
  • "GDP decreased by 3.3% (...) reflecting the impact of mobility limitations as a result of the worsening of the pandemic crisis...(and a) severe reduction of non-resident tourism," INE said in a statement.
Published 31 May, 2021 07:52pm
Brazil inflation and growth forecasts hit new highs: survey
USA

Brazil inflation and growth forecasts hit new highs: survey

  • The median forecast for 2021 inflation from more than 100 economists in the central bank's weekly FOCUS survey rose to 5.3% from 5.2%, well above the bank's year-end goal of 3.75% and breaching the upper limit of its wider target range at 5.25%.
Published 31 May, 2021 07:48pm
Brazil services confidence in May surges to pre-pandemic high
USA

Brazil services confidence in May surges to pre-pandemic high

  • The Getulio Vargas Foundation's (FGV) services sector confidence index rose 6.4 points to 88.1 points in May, the second consecutive rise and the highest since the pre-pandemic levels of February last year.
  • "An expanded vaccination program will extend the recovery in a sector that was hit hard during the pandemic," he said.
Published 31 May, 2021 07:43pm
Cyprus closes its airspace to Belarus airlines, flights
Europe

Cyprus closes its airspace to Belarus airlines, flights

  • The aviation authority had banned airlines registered in Belarus from using Cyprus's airspace and airports from May 28, a transport ministry spokesperson said.
  • The same advisory prohibits Cyprus-registered airlines from entering Belarusian airspace, or flights to and from Belarus. All flights to Belarus have been suspended.
Published 31 May, 2021 07:40pm
Air France cancels flights as Russia withholds clearance
Europe

Air France cancels flights as Russia withholds clearance

  • "Air France confirms the cancellation of flights AF1154 and AF1654 from Paris-Charles de Gaulle to Moscow on 31 May 2021 as the authorisations from Russian authorities to enter their territory have not been granted," the airline said.
Published 31 May, 2021 07:21pm
Indian court orders COVID-related audit of Renault-Nissan plant
South Asia

Indian court orders COVID-related audit of Renault-Nissan plant

  • Nissan, which owns a majority stake in the plant, denied the allegations in court, saying it follows all guidelines. It did not immediately respond to a request for comment.
  • Renault-Nissan, Ford and Hyundai halted work at their plants last week after workers protested and some went on strike.
Published 31 May, 2021 07:16pm
Turkish inflation seen at 17.25pc despite central bank's forecast
Europe

Turkish inflation seen at 17.25pc despite central bank's forecast

  • A recent lira depreciation, sparked by President Tayyip Erdogan's sacking of a hawkish central bank governor, has raised both inflation and expectations for more. The consumer price index (CPI) rose 17.14% in April.
  • The currency's decline of about 15% since mid-March has raised overall prices for import-dependent Turkey and pushed producer price inflation above 35% in April.
Published 31 May, 2021 06:55pm