In response to statements by scientists, the government noted that they do not plan to change the strategy of vaccination of the population. For the time being Australia will continue with the manufacturing and planned roll out of the AstraZeneca vaccine, largely because that is what is available and practical at the time. [Full Article...]
Jim Ritterbusch , president of Ritterbusch and Associates , said, "With energy values strengthening as the dollar weakened today, the oil market was able to advance late session in sympathy with stronger equities". The recent data showing a drop in US crude inventories and Saudi Arabia's decision to cut crude output by 1 million barrels per day in February and March contributed as well to oil's... [Full Article...]
The German economy shrank by 5% previous year as the Covid-19 pandemic took its toll, according to official figures. "Of course, Germany has not needed to provide as much support because the economy has not been hit as hard", he said.Under the German system of wage subsidies to protect workers' jobs - similar to the UK furlough scheme - the peak number of people accessing the support was the e... [Full Article...]
Starbucks, a ubiquitous sight in major Chinese cities, says it has opened over 4,700 coffee shops across the country since 1999. In a statement issued Friday, Schultz didn't directly address Xi's request to help fix relations, instead saying it was "a great honor" to receive the letter from China's president. [Full Article...]
The plan also calls for hiring 100,000 public health workers in roles such as vaccine outreach and contact tracing. A fact sheet provided by his transition team says Biden's plan "encourages states to open up eligibility beyond healthcare workers and long-term care facility residents and staff, to include frontline essential workers like teachers, first responders, grocery store employees, and... [Full Article...]
On month-on-month basis, the NBS explained that the Headline index increased by 1.61 percent in December 2020. In the report, the composite food index rose to 18.30% percent in October 2020 compared to 17.38% per cent in September 2020. The urban inflation rate also increased in December by 16.33 percent (year-on-year) in December 2020 from 15.47 percent recorded in November 2020, while the rura... [Full Article...]
The new package aimed to put that pledge into action with an influx of resources for the coronavirus response and economic recovery. The crisis of deep human suffering is in plain sight. When Biden takes office, Democrats will control both the Senate and the House of Representatives but by narrow margins. Ten of his fellow Republicans joined Democrats to charge him with inciting an insurrection in... [Full Article...]
SpreadEx's Connor Campbell said: "It seems the market's view is that it is all well and good promising such stimulus - now Biden needs to get it through a precariously balanced, and distracted, Senate. The bank sector had rallied sharply in recent days. Oil prices dipped 30 cents to $52.61 US a barrel. Among individual companies, Delta Air Lines jumped 2.5 per cent as it reported a US$12.4 bi... [Full Article...]