Bloomberg Thailand won’t be able to meet its monthly vaccination target of 10 million doses as deliveries from AstraZeneca Plc, the backbone of its inoculation program, will be 40% to 50% fewer than expected because some supplies are allotted for export. AstraZeneca will deliver 5 million to 6 million doses per month for use in Thailand starting in July because ...
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China’s EV, solar stocks have more room to run, say funds
Bloomberg Some of the world’s biggest money managers say the strong rally in China’s renewable energy stocks has more legs, citing the sector’s rosy earnings prospects and policy support. BlackRock Inc, Aberdeen Standard Investments Ltd and UBS Global Wealth Management are among those backing investments in Chinese electric vehicle-related companies and solar firms. Their endorsement comes as the world’s largest ...
Read More »Europe’s diplomats to China stress on human rights, respect
Bloomberg Leading European diplomats in Beijing stressed their commitment to human rights and appealed to China for mutual respect and understanding following a defiant speech from Foreign Minister Wang Yi. References to human rights are “foundational matters†and not a geopolitical game, Caroline Wilson, the UK’s ambassador to China, said on a panel discussion on Sunday. China’s attitude is not ...
Read More »Biden takes ‘return to normal’ message to swing state Michigan
Bloomberg President Joe Biden traveled to Michigan to underscore US progress in fighting Covid-19, part of a slate of Fourth of July weekend events by the administration to signal a return to pre-pandemic life. Biden picked a battleground state where he beat Donald Trump by 3 percentage points in the 2020 presidential election and where Democratic Governor Gretchen Whitmer has ...
Read More »Irish protocol risks harming Northern Ireland: Donaldson
Bloomberg The agreement on the Irish border struck as part of the UK’s exit from the European Union risks damaging Northern Ireland’s economy and should be withdrawn, Jeffrey Donaldson said in his first television interview since becoming head of the Democratic Unionist Party last month. Under the terms of the Brexit accord, Northern Ireland — unlike the rest of the ...
Read More »India’s opposition demands probe into Modi’s Rafale deal
Bloomberg Prime Minister Narendra Modi’s political opponents stepped up their demands for a probe into India’s purchase of Rafale combat jets after France reportedly launched a judicial investigation into allegations of corruption in the deal. The Indian National Congress party on Sunday called for an investigation into the allegations, including changes in the terms of the contract for the 2016 ...
Read More »Hong Kong’s security force warns against mourning police attacker
Bloomberg Hong Kong’s national security police took over the investigation into the stabbing of a policeman and cautioned citizens from mourning the attacker’s death, calling the incident a domestic terrorist attack on the 24th anniversary of the former British colony’s return to Chinese rule. The National Security Department, which investigates offenses that endanger national security, is now probing the July ...
Read More »US jobs increase by most in ten months as economy gains steam
Bloomberg The pace of US hiring accelerated in June, with payrolls increasing by the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the economy’s reopening. Nonfarm payrolls jumped by 850,000 last month, bolstered by strong job gains in leisure and hospitality, a Labor Department report showed. The unemployment rate edged up to ...
Read More »Deutsche Telekom starts $5.3bn sale of its Dutch unit
Bloomberg Deutsche Telekom AG has kicked off the sale of its T-Mobile Netherlands BV subsidiary, which could be valued at around 4.5 billion euros ($5.3 billion), according to people familiar with the matter. The telecommunications operator is working with Morgan Stanley and has sent out information on the business to potential bidders. It has asked for first-round offers to be ...
Read More »Canada trade balance swings back to deficit on export drop
Bloomberg Canada’s international trade balance swung into a deficit in May as exports dropped for a second month and imports recovered. The nation posted a merchandise trade gap of C$1.39 billion ($1.1 billion) in May from a revised C$462 million surplus the previous month, Statistics Canada reported in Ottawa. Economists were predicting a surplus of C$440 million. Exports were down ...
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