Following the booming profit beats of its Wall Street rivals, Credit Suisse is expected to report a significant loss on Thursday as it navigates the fallout from two high-profile crises. The Swiss lender announced earlier this month that it took a $4.7 billion hit from the meltdown of U.S. family hedge fund Archegos Capital and now expects a […] Read more
8:12 pm: China announces policies to support businesses hit by virus The China Banking and Insurance Regulatory Commission (CBIRC) issued a notice on Saturday urging banks to strengthen loans to the manufacturing sector at better rates, and to provide improved financial services for businesses making protective gear. The measures are part of a wider push […] Read more
Dogecoin started out as a joke. Now it’s a top 10 digital currency worth $40 billion. The cryptocurrency is based on the “Doge” meme, which rose to popularity in late 2013. The meme portrays a Shiba Inu dog alongside nonsensical phrases in multicolored, Comic Sans-font text. Created in 2013 by software engineers Billy Markus and Jackson […] Read more
More than two dozen states took steps Tuesday to halt inoculations with Johnson & Johnson’s coronavirus vaccine, shortly after the Food and Drug Administration recommended to pause its use after reports some women developed a rare blood clotting disorder. The states, like the FDA and the Centers for Disease Control and Prevention, stressed that they were acting […] Read more
The U.K. has eased its lockdown further with the reopening of non-essential shops and perhaps the most keenly-missed social hotspot — pubs — able to welcome customers to their gardens again on Monday. Hairdressers, beauty and nail salons and indoor leisure facilities such as gyms and spas are now allowed to reopen and overnight stays […] Read more
Controversy over AstraZeneca’s Covid-19 vaccine has sparked some investor concerns about its stock, according to Jefferies – but it’s not all bad news for the British pharmaceutical company. Australia, the Philippines and the African Union have become the latest to either curb or abandon planned purchases of the Oxford University-AstraZeneca coronavirus shot due to possible links to […] Read more
The British government and health experts in the country have rushed to defend the coronavirus vaccine developed by AstraZeneca and the University of Oxford following concerns over a possible link to blood clots. On Wednesday, the U.K.’s health and vaccine regulators issued a change of guidance over who should receive the shot. They now recommend that […] Read more
Europe’s medicines regulator found a possible link between the coronavirus vaccine developed by AstraZeneca and the University of Oxford and rare blood clotting issues — though it said the benefits of getting the shot still outweigh its risks. Unusual blood clotting with low blood platelets will be added as a “very rare” side effect to the vaccine’s […] Read more
China — The value of the cryptocurrency market topped $2 trillion for the first time on Monday driven by a rally in ether, the second-largest digital coin. In just over two months, the market capitalization of the cryptocurrency market has doubled, according to price tracking website CoinGecko, as retail and institutional investors pile into the space. […] Read more
President Emmanuel Macron extended movement restrictions to cover the whole of France and said schools would close for three weeks as he sought to push back a third wave of COVID-19 infections that threatens to overwhelm hospitals. Macron said he was extending the lockdown rules already in place in Paris, swathes of the north and parts of […] Read more
