Technology shares led the broader market lower on Monday as investors dumped high-flying Big Tech stocks and bet on companies leveraged to a strong economic comeback. The Nasdaq Composite dropped 2.3% as Amazon and Apple lost more than 2% each. Facebook and Netflix both dropped over 3%. Tesla shed more than 6%. The Dow Jones […] Read more
People under the age of 40 in the U.K. are to be offered an alternative to the Oxford-AstraZeneca Covid-19 vaccine, as concerns over links to rare blood clots continue to weigh on its roll out. Speaking at a press conference on Friday, Professor Wei Shen Lim, chair of the U.K.’s Joint Committee on Vaccination and […] Read more
Authorities in Spain have prolonged the imposed restrictions on non-essential trips from countries outside the European Union and the Schengen Zone to May 31 due to the current Coronavirus situation. Such preventive measures imposed by the country’s government were due to expire on April 30; however, Spain’s State Bulletin (BOE) highlighted that they would be […] Read more
Foreign ministers from the Group of Seven (G-7) developed nations are to meet in London on Tuesday to discuss the most pressing geopolitical challenges facing the world, including Russia and China. The U.K. is hosting G-7 foreign and development ministers in the first face-to-face meetings since the coronavirus pandemic began, and the first gathering of […] Read more
Saudi Arabia is in talks to sell 1% of state-backed oil giant Saudi Aramco to a “leading global energy company,” the kingdom’s crown prince told a Saudi-owned news channel this week. “I don’t want to give any promises, but there’s a discussion for the acquisition of a 1% stake by a leading global energy company,” Crown […] Read more
Germany has implemented tough lockdown rules in a bid to curb a third wave of infections, issuing a set of new measures expected to last until June. Protests have been seen in several German cities after the restrictions were introduced this weekend on coronavirus hot spots. A curfew, limits on customers in shops, leisure center closures […] Read more
A single dose of Oxford-AstraZeneca or Pfizer-BioNTech’s Covid-19 vaccine drastically reduces the risk of infection in adults of all ages, British researchers have found. Two studies released on Friday analyzed more than 1.6 million nose and throat swabs taken from 373,402 people between December and April. The data was collected as part of the ongoing […] Read more
NSW’s health workers are shunning the AstraZeneca Covid-19 vaccine, Minister Brad Hazzard says, with a “70 to 80 percent” drop in vaccinations since blood clot concerns were raised. Photo: AFP Hazzard said there had been a “70 to 80 percent” drop in people turning up for appointments in the past two weeks, after the federal government acted […] Read more
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
