According to a trial involving nearly 480,000 health workers in South Africa, Johnson & Johnson coronavirus vaccine is effective against the delta strain of Covid-19. Notably, the study provides the first large-scale evidence that Johnson & Johnson vaccine prevents severe disease among those infected with the delta strain. The study is known as Sisonke. Glenda …
J&J Shot is Effective Against Delta, in South African Trial Read More »
The Delta variant of Covid-19 represents new risks for China as it spreads from the coast to China’s inland cities. It poses new challenges to the government who have for months managed to avoid any widespread outbreak of the Covid-19. About a month after upsetting the industry in the southern export hub of Guangdong, infections …
Covid-19 Delta Variant Represents New Risks for China Read More »
The U.S. economy surged at a disappointing rate in the second quarter of the year. This was driven by the rising number of coronavirus infections, although the country managed to escape the shackles of the virus. It indicates that the U.S. still has more work to do. GDP, during the April-to-June period, increased by 6.5% …
The U.S. economy increased at a disappointing rate in Q2 Read More »
We all remember the container ship that caused global disruption after blocking the Suez Canal earlier this year. Remarkably, it has finally docked in the United Kingdom – four months later than estimated. In the previous week (on August 3), the Ever Given finally arrived at the Port of Felixstowe. Individuals headed down to the …
The Suez Canal losses will likely cost the world over $1bn Read More »
The latest news shows that Chinese firms wanting to go global are facing shipping problems. Remarkably, access to cheap manufacturing at home gave Chinese businesses an advantage overseas. However, unfortunately, it’s turning into a disadvantage now, as the COVID-19 pandemic and trade tensions disrupt international supply channels. According to the vice president of international marketing …
Chinese firms wanting to go global face shipping problems Read More »
China’s Politburo meeting on Friday signaled more targeted aid for the economy. Remarkably, the country’s top leaders look to cushion growth in the face of resurgent pandemic risks. Furthermore, this is fueling a rally in bonds. According to Citigroup, UBS AG and Oversea-Chinese Banking analysts, authorities will likely take more steps to help struggling small …
China signaled more targeted aid for the economy Read More »
According to a senior executive, AstraZeneca is exploring options for the future of its COVID-19 vaccine. The company anticipates greater clarity on the matter by the end of the year. The announcement came amid a series of setbacks in its race to produce a vaccine for the world. Executives insisted it was too early to …
AstraZeneca to explore options of its vaccine’s future Read More »
According to the latest news, China’s securities regulator announced that the Asian giant will continue to allow Chinese companies to go public in the United States. However, However, they should meet the listing requirements. Remarkably, regulatory actions in the last few weeks has raised investor anxieties that China is aiming to block foreign capital flows …
China continues to allow Chinese firms to go public in U.S. Read More »
According to the latest news, Sydney, Australia’s most populated city, extended a lockdown by four weeks. The decision came after stay-at-home order failed to douse a coronavirus outbreak. The government issued stay-at-home order for the city of 5 million people until August 28. As we know, persistently high infections numbers since a flare-up of the …
Sydney extended a lockdown by 4 weeks as COVID cases grow Read More »
On July 28, global stock markets were mixed. As we know, Wall Street pulled back from a record, which came as investors are waiting for the Federal Reserve report, which is due to announce later today. Remarkably, it will likely give clues about when U.S. central bank start to reduce bond purchases and keep interest …
According to the latest news, Goldman Sachs cut its forecast for U.S. economic activity in the third and fourth quarters of 2021. A leading global investment banking named sluggish consumer spending on services and the threats posed by the Covid-19 Delta strain as the reason for this. Throughout the coronavirus pandemic and the start of …
Goldman Sachs cut U.S. economic activity forecast in Q3, Q4 Read More »
A country that enjoys net exports brings in more revenues from products sold abroad than it spends on total imports. As a reminder, net exports are a measure of a country’s total trade. The formula for calculating net exports is quite simple: The value of a country’s total export goods and services minus the value …
According to a new report, Gen X workers aged 45 and older may suffer from a global unemployment. Meanwhile, the COVID-19 pandemic adds to existing challenges for older workers. The report from Generation, a non-profit employment organization, showed that rapid digital adoption during the COVID-19 pandemic has accelerated the automation of jobs and worsened underlying …
Gen X workers aged 45+ may suffer from a global unemployment Read More »
Analysts say that nightclubs and bars are fast becoming the new battleground in the fight against coronavirus pandemic. As we know, some economies decided to reopen the nocturnal economy. Therefore, the decision prompted COVID-19 infection to skyrocket. Moreover, infections rates are especially high among young people. Europe is facing a resurgence in coronavirus infections. The …
Nightclubs and bars are a new battleground against COVID-19 Read More »
According to a Reuters poll, Australia’s economy will take a toll this quarter by renewed lockdown restrictions. As we know, the country faces an increasing number of coronavirus infections. Therefore, the government try and contain the spread of the virus. The Australian economy declined by 2.4% last year amid the coronavirus pandemic as borders and …
New restrictions will affect Australia’s economy in Q3 Read More »
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