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World - 2021-01-05
World Bank working with countries to resolve vaccine indemnification hurdles

World Bank working with countries to resolve vaccine indemnification hurdles

  • He said Bank officials were working with countries to address one of the key obstacles - rules that leave vaccine makers open for lawsuits or judgments - through legislation or other processes.
  • Malpass also appealed to advanced economies to release reservations of vaccines beyond their ability to distribute them.
Published 05 Jan, 2021 09:10pm
Britons ordered to stay at home as third national lockdown begins
Europe

Britons ordered to stay at home as third national lockdown begins

  • Highly contagious new COVID variant spreading fast.
  • Hospitals under strain, risk being overwhelmed.
  • All schools, non-essential shops, hospitality closed.
  • Measures to last at least seven weeks, likely longer.
  • Italy, Germany keep restrictions in place as infections soar.
Published 05 Jan, 2021 07:38pm
Spanish jobless rate soars towards 4 million as pandemic weighs
Europe

Spanish jobless rate soars towards 4 million as pandemic weighs

  • Tuesday's labour ministry reading of 3.89 million marked a 22% rise year on year, and excluded some 755,000 workers on a state-supported furlough scheme.
  • Joaquin Perez Rey, the secretary of state for employment, described the data as bad but also "full of anomalies".
Published 05 Jan, 2021 07:14pm
Ex-chairman of China Huarong Asset Management sentenced to death
South Asia

Ex-chairman of China Huarong Asset Management sentenced to death

  • Lai Xiaomin was convicted of receiving or seeking bribes totalling 1.788 billion yuan ($276.72 million) from 2008 to 2018.
  • The severe treatment of Lai Xiaomin reflects the strong determination of the Central Committee with President Xi Jinping as the core to administer the party and its zero tolerance in punishing corruption.
Published 05 Jan, 2021 07:08pm
German unemployment stable in December
Europe

German unemployment stable in December

  • Unemployment fell by 37,000 people, seasonally adjusted, to 2.7 million, although the figure is still nearly half a million higher than in December 2019.
Published 05 Jan, 2021 05:23pm
Germany set to extend lockdown until end of January
Europe

Germany set to extend lockdown until end of January

  • Like many other European countries, Germany is struggling to contain a second wave of the virus.
  • Merkel and state premiers are largely agreed on keeping shops and restaurants shut until the end of January.
Published 05 Jan, 2021 05:13pm
Turkey targets tax and price rises to lessen inflationary impact
Europe

Turkey targets tax and price rises to lessen inflationary impact

  • Inflation ended 2020 above government forecasts at 14.6%, mainly due to a sharp decline in the lira and surging food prices.
  • Bankers said the government, in a departure from previous years, is hiking taxes and prices on items that account for only a small portion of the inflation basket.
Published 05 Jan, 2021 04:59pm