Markets

Suga, Japan’s likely next PM, is self-made, powerful advisor

Suga, Japan’s likely next PM, is self-made, powerful advisor The report added that the early vote counting of local representatives on Monday indicated Suga had an overwhelming lead over the two other contenders - former Defense Minister Shigeru Ishiba and former Foreign Minister Fumio Kishida. This is unusual in Japan, as politicians usually come from powerful families. As a young man, he ignored tradition when he decided not to take over his parents far... [Full Article...]

4th-gen Hyundai Tucson unveiled

4th-gen Hyundai Tucson unveiled It will go on sale in the USA and other global markets as a 2022 model starting from the first half of 2021, the company said. It's mated to an eight-speed automatic. For as wild as the look is outside, it's more traditional and upscale inside. It is a similar story inside the cabin with integration being key factor in the interior's layout, a point hammered home by the new vertically-stacked du... [Full Article...]

India GDP forecast: ADB expects growth to contract by 9% in FY21

India GDP forecast: ADB expects growth to contract by 9% in FY21 In contrast, India, which is one of the hardest hit countries in the world with over 4.8 million infections despite lengthy lockdowns, is expected to shrivel by nine percent in 2020 before expanding by eight percent next year. "Worsening geopolitical tensions are another risk". Sub-regions of developing Asia are expected to post negative growth this year except for East Asia which is forecast to... [Full Article...]

USA puts block on Chinese products from Uighur 'forced labour'

USA puts block on Chinese products from Uighur 'forced labour' Four companies and a manufacturing facility in northwestern China were blocked Monday from shipping their products to the USA because of their suspected reliance on forced labor from people detained as part of a massive campaign against ethnic minorities in the region. [Full Article...]

COVID-19 vaccine trials resume in UK

COVID-19 vaccine trials resume in UK Larger studies of the Imperial and Oxford vaccine are already under way, but this study aims to see if the vaccines might be more effective if they are inhaled. Trials are also planned in Japan and Russian Federation. The deal was signed as part of Operation Warp Speed, the Trump administration's effort to accelerate development and production of vaccines and treatments to fight the coronaviru... [Full Article...]

Wall Street rises at open on M&A activity, vaccine hopes

Wall Street rises at open on M&A activity, vaccine hopes The market has been following in the footsteps of its rally leader. AstraZeneca was up 1% following news over the weekend that clinical trials for the pharmaceutical company's coronavirus vaccine will resume after being paused due to a reported side-effect in a patient in the U.K. [Full Article...]

United Kingdom agrees trade deal with Japan as row with European Union intensifies

United Kingdom agrees trade deal with Japan as row with European Union intensifies The UK-Japan comprehensive economic partnership agreement was agreed in principle on a video call between Britain's global trade secretary Liz Truss and Japan's foreign minister Motegi Toshimitsu. Both sides are seeking to implement a new deal next January. The deal is also an important step towards joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). [Full Article...]

Serum needs nod from UK, India authorities to resume COVID-19 trials

Serum needs nod from UK, India authorities to resume COVID-19 trials Close on the heels of the AZ statement , Serum Institute of India said, "Once (the) DCGI (Drug Controller General of India) gives us the permission to restart the trials in India, we will resume the trials". AstraZeneca's vaccine uses a monkey adenovirus that shares a gene with the Covid-19 coronavirus - a platform that hasn't been subjected to any long-term studies. [Full Article...]


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