A slower growth in new cases of Covid-19 across the UK has raised hopes that the third wave can be shorter and shallower than previously feared, as vaccines continue to mitigate the strength of the Delta variant first identified in India. On Friday, 10,476 more people tested positive for Covid-19 in the UK, a 29% increase from a week ago, as 11 deaths were reported, up from 17 the week before.
the “Stimulus trade” who has dominated financial markets since the emergence of coronavirus vaccines last year was clubbed after the Federal Reserve unexpectedly signaled a change in stance on inflation. Commodity prices fell as long-term U.S. government bond prices soared.
british company predicts that production will return to pre-pandemic levels by the end of 2021, a year ahead of schedule. In its latest forecast, business lobby group CBI said gross domestic product would be 8.2 percent rebound this year and grow 6.1% in 2022, after falling 9.9% last year.
South Korea is on the right track inoculate three-quarters of its 52 million people with Covid-19 over the next three months as a vaccine the deployment is gaining momentum after early delays. Health officials have unveiled plans to expand vaccines to the general public after inoculating 13 million people two weeks ahead of schedule.
Starbucks’ European business paid $ 183 million in dividends to its US parent company despite large losses as the coffee market suffered its first slower growth in two decades during the pandemic. Pre-tax profit fell nearly 40% to $ 104 million in the year through September 2020, according to company calculations.
The EU has lost a legal offer to force AstraZeneca to speed up the delivery of Covid-19 vaccines. A Brussels court accused AstraZeneca of a “serious breach” of its contract but refused to impose a timetable imposed by the EU this would have forced the company to deliver 120 million doses by June 30 or pay fines of € 10 per dose per day.
CureVac chief financial officer said the company had not abandoned its coronavirus vaccine despite disappointing results trials, with the hope that the jab could target certain parts of the population. Interim results from the German company’s late-stage trial suggest that the vaccine did not 47 percent efficiency.
UEFA said the final matches of the Euro 2020 football tournament may need to be moved away from London. European football’s governing body said on Friday it remained “confident” that the semi-finals and final of the competition would be played at Wembley Stadium in July, but that “there has always been an emergency plan”.