EU lawmakers give final approval to bloc’s green transition fund
The European Parliament on Tuesday formally approved the European Union’s multi-billion euro fund to support countries as they wind down fossil fuel industries, as the bloc overhauls its economy to fight climate change.
Stocks slip, crypto haemorrhage deepens amid inflation worries
Global stocks slipped and cryptocurrencies sank on Wednesday as a threat of unwanted inflation had investors shy away from assets seen vulnerable to any removal of monetary stimulus.
Oil prices fall on rising COVID-19 infections in Asia, inflation fears
Oil prices fell for a second day on Wednesday on renewed demand concerns as coronavirus cases in Asia rise and on fears rising inflation might lead the U.S. Federal Reserve to raise interest rates, which could limit economic growth.
London’s ‘Golden Age’ as Europe’s financial capital is over, says NatWest chair
The City of London’s ‘Golden Age’ as Europe’s financial capital is over following Brexit, but it will remain a major and profitable centre, NatWest (NWG.L) bank chairman Howard Davies said on Tuesday.
IOC reassures anxious Japan Olympics will be safe
The International Olympic Committee (IOC) reassured an anxious Japan on Wednesday that the Tokyo Olympics would be safe for athletes as well as the host community, amid mounting opposition to the Games and fears it will fuel a spike in COVID-19 cases.
Spanish study finds AstraZeneca vaccine followed by Pfizer dose is safe and effective
A Spanish study on mixing COVID-19 vaccines has found that giving a dose of Pfizer’s (PFE.N) drug to people who already received a first shot of AstraZeneca (AZN.L) vaccine is highly safe and effective, preliminary results showed on Tuesday.
EXCLUSIVE G20 snubs COVID patent waiver, waters down pledge on WHO’s funding -draft
Leaders of the world’s largest economies back “voluntary licensing” of COVID-19 vaccine patents, the draft conclusions of a summit show, watering down a U.S. push for waivers and earlier commitments to supply more funds to the World Health Organization.
Tokyo doctors call for cancellation of Olympic Games due to COVID-19
A top medical organisation has thrown its weight behind calls to cancel the Tokyo Olympics saying hospitals are already overwhelmed as the country battles a spike in coronavirus infections less than three months from the start of the Games.
UK jobless rate falls again, hiring up as lockdown eases
Britain’s unemployment rate fell again to 4.8% between January and March, when the country was under a tight lockdown, and hiring rose further in April, according to data that showed employers gearing up for the easing of curbs. Economists polled by Reuters had expected the rate to hold at 4.9%, and the reading added to […]
India’s COVID tally passes 25 mln; cyclone complicates efforts in Modi’s state
India total COVID-19 caseload surged past 25 million on Tuesday as a powerful cyclone complicated the health crisis in one of the states where the disease is spreading most quickly. COVID-19 tests were administered to 200,000 people evacuated from coastal districts of the western state of Gujarat before the cyclone struck late on Monday and […]
