Topic: Bloomberg wire
‘World’s fastest recovery’ outlook for India at risk as second Covid wave hits country
The rupee put up by far the region’s poorest show over the past month as traders factored in the impact of the curbs on economic growth.
Elon Musk leaves Putin stranded on Earth in today’s space race
Sixty years after Yuri Gagarin's historic flight, Russia's space industry can't get its act together.
Pfizer, Moderna Covid vaccines 90% effective after 2 doses in ‘real-world’ use: US Study
According to data from US Centers for Disease Control & Prevention, Pfizer & Moderna Covid vaccines effectively prevented infections, not just illness, with substantial protection.
Canada suspends use of AstraZeneca Covid vaccine for those under 55 amid blood clot concerns
Move comes just two weeks after PM Trudeau sought to reassure Canadians that AstraZeneca shots are safe for use. Canada is to receive 1.5 mn doses of the vaccine from US this week.
Suez villagers have a new neighbour — 400 metre-long ship holding up global trade
As dredgers, tug boats and teams of engineers race to dislodge a ship stuck in the Suez Canal, the inhabitants of the agricultural hinterland north of the city of Suez are basking in the novelty.
China signs 25-year deal with Iran, poses a challenge to Biden’s administration
Iran’s closer integration with China may help shore up its economy against the impact of US penalties, while sending a clear signal to the Biden administration of Tehran’s intentions.
China’s wildlife trade was origin of Covid, scientists’ long-delayed report expected to show
Highly anticipated findings from WHO and Chinese govt-convened panel are expected to show how spread of SARS-CoV-2 mirrors that of the original SARS in 2002.
Not just daylight saving, the inane idea of time zones should be scrapped in favour of UTC
Notion of time zones rests on a fundamental delusion, that a number should tell us when to get up, eat lunch or go to bed. Instead, we should adopt a single global time.
Greensill, Gupta and the fragile tower of money and metal
The collapse of Greensill Capital has cast a shadow over Sanjeev Gupta’s business, which relied heavily on its funding for a spree of acquisitions that saw him spend $6 bn in 5 years.
Do I have Long Covid? Here’s what we know about Covid’s lasting effects
More patients are seeking help for lingering effects of Covid like fatigue, breathlessness and brain fog. But, so far, research into Long Covid has suffered from various limitations.
Western press critical of Modi, so why is G-7 inviting him to UK summit?
Despite Modi’s hubris in declaring victory on the virus, the world recognises that the prime minister remains the tallest leader on the national landscape.
Cabinet approves strategic disinvestment, transfer of management control in IDBI Bank
According to the statement, the extent of respective shareholding to be divested by govt & LIC will be decided at the time of structuring of transaction in consultation with RBI.
Defence
Delhi govt reduces Base Hospital’s oxygen allocation, Army says no need to panic
Due to shortage, less than 1 MT oxygen could be allocated to Base Hospital in Delhi Monday. Army has requested MoD for additional allocation & is also making arrangements on its own.
Mayday, Mayday — How Modi govt led India into a perfect storm
Triumphalism, premature declaration of victory meant no one checked if India had enough vaccines, oxygen, remdesivir, bringing us back to a crisis where we need foreign aid after four decades.