Tesco’s UK sales growth slows as pandemic restrictions ease
Tesco’s (TSCO.L) sales growth has slowed sharply since the easing of the latest coronavirus lockdown as people start to visit pubs and restaurants again, Britain’s biggest retailer said on Friday.
Canadian regulator lifts banks’ capital buffer to record, priming for post-pandemic world
Canada’s financial regulator raised the amount of capital the country’s biggest lenders must hold to guard against risks to a record 2.5% of risk-weighted assets, from 1% currently, in a surprise move that could pave the way for them to resume dividend increases and share buybacks.
Virus outbreaks at Thai factories threaten export sector, recovery
A series of coronavirus outbreaks in Thai factories is raising concerns that the export sector could be hit hard, threatening to further undermine an economy as it struggles to recover from the pandemic’s crippling blow to the crucial tourism industry.
EU hires banks for first recovery fund bond – lead managers
The European Union on Monday hired banks for a 10-year bond sale, the first to finance its recovery fund, according to two lead managers, a crucial step in financing the bloc’s economic recovery from the coronavirus pandemic.
Oil prices rise as demand improves, supplies tighten
Oil prices rose on Monday, hitting their highest levels in more than two years supported by economic recovery and the prospect of fuel demand growth as vaccination campaigns in developed countries accelerate.
The percentage of people learning a foreign language has boosted: Dual-language apps are gaining popularity
Following the coronavirus quarantines, a surge in demand for language-learning apps erupted around the world, with the United Kingdom, quite surprisingly, leading the way. The Covid-19 pandemic seems to have inspired many more British people to attempt to become bilingual, although the country is not known for its citizens’ capacity or enthusiasm for learning a […]
Japan faces longer state of emergency, casting doubt on Olympics
The Japanese government is considering extending a coronavirus spurred state of emergency in Tokyo and other major urban areas, a move that could cast doubt on the planned Summer Olympics. Officials were leaning toward an extension of the measures in Tokyo, Osaka, Kyoto and Hyogo prefectures beyond May 11 as the country battles a surge […]
India halts cricket league as coronavirus cases cross 20 million
India halted its most popular sports tournament on Tuesday and the country’s opposition chief called for a nationwide lockdown as the number of coronavirus infections climbed past 20 million, a dismal milestone crossed only by the United States. Cricket officials suspended the money-spinning Indian Premier League (IPL), after the country added 10 million cases in […]
Pfizer in talks with India over expedited approval for COVID-19 vaccine
Pfizer is in discussions with the Indian government seeking an “expedited approval pathway” for its COVID-19 vaccine, its CEO Albert Bourla said on LinkedIn on Monday, announcing a donation of medicines worth more than $70 million. “Unfortunately, our vaccine is not registered in India although our application was submitted months ago,” he said. “We are […]
Taiwan bars arrivals from India amid coronavirus crisis
Taiwan will bar from Tuesday the entry of people who have been to India over the previous 14 days, Health Minister Chen Shih-chung said, the latest place to enforce curbs on travel from coronavirus-battered India. The Indian variant of the virus has reached at least 17 countries, including Britain, Iran and Switzerland, spurring several to […]
