The federal health official revealed that the Food and Drug Administration is anticipated to authorize Pfizer-BioNTech’s COVID-19 vaccine for administration to adolescents by early next week. According to the latest news, Pfizer has applied for emergency use authorization for its vaccine for people ages 12 to 15. The Food and Drug Administration will have to …
Pfizer vaccine could be authorized for adolescents Read More »
The economic activity started expanding from the beginning of 2021. Remarkably, widespread vaccinations, as well as more fuel from government spending, helped the U.S. economy to recover. The country is recovering sharply and is getting closer to where it was before the coronavirus pandemic hit. Gross Domestic Product increased by 6.4% for the first three …
U.S. GDP increased by 6.4% for the first three months Read More »
China’s factory activity was anticipated to have grown at a slightly slower pace in April while maintaining momentum as the country continues its recovery. The official manufacturing Purchasing Managers’ Index (PMI) released by the National Bureau of Statistics is anticipated to decline to 51.7 for April from 51.9 in March. A reading above 50 suggests …
China’s factory activity was anticipated to slower Read More »
Global shares increased on April 29 after the Federal Reserve announced it was too early to consider rolling back emergency support for the economy. Moreover, Biden proposed a $1.8 trillion stimulus package. The MSCI world equity index, which gauges shares in 49 countries, increased by 0.2%, on course for its best month since November. The …
Global shares extended gains after FED’s announcement Read More »
South Korea led the developed world to join China in exceeding its pre-pandemic economy. Investment and exports helped it grow faster than anticipated. The Ministry of Economy and Finance announced on April 27 that South Korea’s real GDP rose 1.6% from the previous quarter and 1.8% from a year ago in the first quarter of …
South Korea is exceeding its pre-pandemic economy Read More »
According to the latest news, Goldman Sachs says that the United Kingdom looks set to see faster economic growth than the United States this year. They announced on Monday that the country races ahead with its vaccination program after its decline in 2020, as the coronavirus pandemic hit the world. The bank announced in a …
Britain is likely to see faster economic growth than U.S. Read More »
India reported a record number of coronavirus infections for the fifth straight day on April 26. Remarkably, the official death toll also boosted. According to official data, there were 352,991 new reported cases over 24 hours. Meanwhile, total infection numbers surpassed 17 million. At least 2,812 people died, which lifted the total death toll to …
India reported a record number of COVID-19 infections Read More »
According to a study released by a global reinsurance company, climate change’s toll on agriculture, disease, and physical infrastructure, in addition to redirected government spending, among other issues, could cause the global economy to lose $23 trillion, 10% of its value, by 2050. The Swiss Re Institute’s report shows that output could be 18% lower …
Climate change could cause the global economy to lose $23T Read More »
China’s biggest insurer, Ping An Insurance, has a set of green finance activities and quantitative performance targets. With the help of its financial product and service innovations, Ping An is hoping to support China’s goal. As we know, the Asian giant aims to achieve carbon neutrality by 2060. It also vau to support combat against …
Ping An has reported a set of green finance activities Read More »
According to state media, Chinese President Xi Jinping will give a speech On April 22 via video conference at a global leaders climate summit organized by U.S. President Joe Biden. Joe Biden has invited 40 world leaders to a two-day virtual gathering starting on Thursday. Scientists assume the world is severely lagging in tackling the …
Chinese President to speak at a climate summit on Thursday Read More »
According to the latest news, Xi Jinping Chinese President called for a rejection of hegemonic power structures in global governance. The announcement came amid deepening tensions among China and the U.S. over a widening range of issues. These include the alleged human rights abuses. While speaking at the annual Boao Forum for Asia, the Chinese …
China called for a rejection of hegemonic power structures Read More »
As the COVID-19 vaccination continues and patients are recovering from long-lasting symptoms, it’s evident that the global economy starts rebounding. Remarkably, $26 trillion worth of crisis support and the arrival of vaccines have fueled a faster recovery than many anticipated. However, the destruction of jobs, widening inequalities among races, genders, generations, and geographies will leave …
According to China’s National Bureau of Statistics, GDP rose 18.3% in the first three months of the year from a year ago, China’s National Bureau of Statistics said Friday. That’s slightly below expectations of a 19% rise. Remarkably, an increase in growth comes off a contraction in the first quarter of last year. At the …
China’s GDP rose 18.3% in the first three months of 2021 Read More »
U.S. President Joe Biden will meet with Japanese Prime Minister Yoshihide Suga on April 16. According to political analysts, China’s growing influence will likely be high on the agenda. The two leaders will meet in Washington. Remarkably, that’s president Joe Biden’s first in-person summit with a foreign leader since his January inauguration. The meeting comes …
U.S seeks closer ties with Japan to challenge China Read More »
The European Union Commission has decided not to renew coronavirus vaccine contracts next year with AstraZeneca and Johnson & Johnson (J&J), According to the Italian daily, La Stampa, the EU Commission, in agreement with the leaders of many (EU) countries, has decided not to renew the contracts with the firms that produce vaccines. The contracts …
EU won’t renew contracts with J&J and AstraZeneca Read More »
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