Ugur Sahin and his wife Oezlem are the brains behind the vaccine and the German couple's company BioNTech is developing it with US pharmaceutical giant Pfizer. The UK is promised ten million doses by the end of the year, and 30million next year. So far only hundreds of thousands have been produced. … [Read more...] about Is December 9 the day Britain starts its Covid vaccination drive? Nottingham health chiefs say NHS-Army operation will ‘go live’ in a fortnight if a jab is approved – even though ministers wanted it ready from December 1
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Industrial firms in the private sector reversed the January-September drop to see their profits grow 1.1 percent year on year in the first 10 months, said Zhu, attributing the growth partly to the country's strengthened financial support for the real economy. … [Read more...] about Economic Watch: China’s industrial profits accelerate amid recovery
The recovery was led by manufacturing and construction sectors. Manufacturing grew 0.6 per cent year-on-year in July-September period as compared to 39.3 per cent contraction in the Apr-May quarter. Contraction in construction narrowed to a single digit number of 8.6 per cent as against a fall of 50.3 per cent in the previous quarter.“…after four continuous quarters of contraction, manufacturing activity eventually recorded a positive growth mainly on account of pent-up and festival led demand and inventory rebuilding after depending on inventory drawdown in the previous quarter when demand collapsed,” said Kunal Kundu, Economist, Societe Generale.Agriculture, which was the only sector that had shown growth during the Apr-Jun period, grew by 3.4 per cent. Contraction in trade, hotel, transport services etc came down to 15.6 per cent in three months ended September from 47 per cent in the preceding quarter.Expenditure Trends Expenditure trends Q2 FY21 (% Growth) … [Read more...] about India slips into its first technical recession since 1996; growth seen returning
According to rating agency ICRA, the spikes in production seen in various sectors in the month of October are an exaggeration of the true recovery on the ground, as those have been driven by a large component of pent-up demand that may not sustain after the festive period is over. … [Read more...] about India Q2 GDP: Are signs of revival real and what do latest numbers mean for FY21?
Abundant liquidity sloshing around in the market, fears of delayed economic recovery coupled with rate-cut hopes have sunk short-term rates. Some mutual funds (MFs) were deploying surplus funds at too low short-term rates in corporate papers, treasury dealers said.Also, fears of re-emergence of COVID-19 were playing out in the market, they said. … [Read more...] about Explained | Why are short-term rates crashing?
BRUSSELS (AP) — The European Union said Friday that another week of talks with Britain on a new trade deal has gone with barely any progress. Its chief negotiator, Michel Barnier, is heading to London for ever-more pressing weekend negotiations to avoid chaos when Britain's trade agreements with the EU end at New Year. … [Read more...] about Another week gone, Brexit trade talks remain stuck