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Tag: ECON

Category:
  • India

Extreme Weather Puts $84 Billion of Indian Bank Debt at Risk

An increase in extreme weather events such as floods, droughts and cyclones risk souring debt worth more than 6.19 trillion rupees ($84 billion) at India’s biggest financial institutions. That’s according to Continue Reading

Posted On : 3 Mar 2021 Published By : Tom Whipple
Category:
  • India

India Water Crisis Forces Farmers to Rethink Their Crops

On a scorching summer day in northern India, Ajay Singh sat next to his water pump and scanned his 10 acres of farmland. He once used to grow rice each Continue Reading

Posted On : 3 Mar 2021 Published By : Tom Whipple
Category:
  • coronavirus

Biden vows enough vaccine for all US adults by end of May

President Joe Biden said Tuesday the U.S. expects to take delivery of enough coronavirus vaccine for all adults by the end of May — two months earlier than anticipated — Continue Reading

Posted On : 3 Mar 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Aramco Seeking To Extend Loan $10 Billion Loan

Saudi Aramco is reportedly seeking to extend a $10-billion loan, according to Reuters, which cited unnamed sources familiar with the matter, who confirmed an initial report by a Reuters-related news Continue Reading

Posted On : 2 Mar 2021 Published By : Tom Whipple
Category:
  • China
  • India

India Suspects China May Be Behind Major Mumbai Blackout

Indian officials are investigating whether cyberattacks from China could have been behind a blackout in Mumbai last year. State officials in Maharashtra, of which Mumbai is the capital, said Monday that Continue Reading

Posted On : 2 Mar 2021 Published By : Tom Whipple
Category:
  • Russia

Russia’s February Oil Output Fell Despite OPEC+ Higher Quota – Bloomberg

Russia last month pumped below its OPEC+ oil-output target for the first time since the historic curbs began last May, failing to take full advantage of a more generous quota. The Continue Reading

Posted On : 2 Mar 2021 Published By : Tom Whipple
Category:
  • coronavirus

Covid-19 Vaccines Yield Breakthroughs in Long-Term Fight Against Infectious Disease

The pandemic has opened a new era for vaccines developed with gene-based technologies, techniques that have long stumped scientists and pharmaceutical companies, suggesting the possibility of future protection against a range of Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • China
  • coronavirus

Some local Beijing communities start giving elderly COVID-19 shots

Some local communities in Beijing have started giving COVID-19 vaccine doses to people older than 60, even as the city’s disease-control authorities publicly advises this age group against inoculation.  In Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • China

China manufacturing weakens for third month in February

China’s manufacturing recovery weakened for a third month in February as exports and new orders declined, according to two surveys released Monday. A monthly purchasing managers’ index issued by a Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • China

China Got Its Economy Growing Again, but a Shortfall in Babies Will Be Harder to Fix

China may have blunted the pandemic’s impact on its economy, but a shortfall in babies is clouding its growth horizon. In the short term, the Chinese economy looks comparatively strong —helped Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • China

China’s exporters hit by global shortage of shipping containers

Steve Chuang’s Hong Kong-based electronics manufacturing company has enjoyed steady demand from the US and Europe over the past year. But, like many Asian exporters, he is struggling to get Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • China

CHINA DATA: Throughput to ease from 7-month highs as refineries set to go offline

 China’s crude throughput in March is expected to ease from seven-month highs seen in February, as refiners embark on a much-delayed maintenance spree after postponing them last year in the Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • China

China’s Economic Recovery Slows Amid Holiday Disruptions

China’s economic recovery slowed in February as factories shut during the Lunar New Year holidays and virus restrictions dampened what’s usually a busy travel season. The official manufacturing purchasing managers’ Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • China

China’s factory activity expands at a slower pace in February, misses expectations: official PMI

China’s factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing market expectations after brief COVID-19-related disruptions earlier Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • coronavirus
  • USA

Coronavirus live updates: New virus cases no longer declining in the U.S. in worrisome development

A steady decline in new coronavirus cases in the United States appears to have stalled in recent days, public health officials said, warning that new, more transmissible variants could be Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • coronavirus
  • Germany

Germany limits travel from French region over virus variant

Germany announced Sunday that travelers from France’s northeastern Moselle region will face additional restrictions because of the high rate of variant coronavirus cases there. Germany’s disease control agency, the Robert Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • Electric Cars
  • Europe

How Europe Became the World’s Biggest Electric-Car Market—and Why It Might Not Last

  View full article at www.wsj.com

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • Germany

Strong exports lift German factory activity to three-year high in February: PMI

Higher demand from China, the United States and Europe drove growth in German factory activity to its highest level in more than three years in February, brightening the outlook for Continue Reading

Posted On : 1 Mar 2021 Published By : Tom Whipple
Category:
  • India

India’s Largest Refiner To Invest $4.5 Billion To Boost Capacity

Indian Oil Corporation (IOC), the country’s biggest refiner and fuel retailer, plans to invest US$4.46 billion (329.46 billion Indian rupees) to expand the processing capacity of its Panipat refinery by Continue Reading

Posted On : 27 Feb 2021 Published By : Tom Whipple
Category:
  • China

Xi’s Carbon Goals Get Cold Reception From Polluting Refiners

To see the gulf between China’s ambitious carbon-neutral goals and the desire of its companies to maintain breakneck growth, look at Shandong’s oil refineries. The coastal province, a hub for private Continue Reading

Posted On : 27 Feb 2021 Published By : Tom Whipple
Category:
  • USA

Soaring U.S. Incomes Help Drive Biggest Spending Gain Since June

U.S. personal incomes soared in January as Americans received another round of pandemic-relief checks, helping to re-charge the economy with the strongest spending advance in seven months. The 10% gain in Continue Reading

Posted On : 27 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus

U.S. near authorization of Johnson & Johnson COVID-19 vaccine

U.S. regulators on Friday said they would work quickly to authorize Johnson & Johnson’s COVID-19 vaccine for emergency use after a panel of outside advisers backed the one-shot immunization. The Continue Reading

Posted On : 27 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus

AstraZeneca, Sputnik vaccines face hurdles if COVID shots become annual affair

Vaccines from AstraZeneca, Russia’s Gamaleya Institute and Johnson & Johnson fight the coronavirus with another virus, leaving scientists concerned the shots may lose potency if annual inoculations become necessary to Continue Reading

Posted On : 27 Feb 2021 Published By : Tom Whipple
Category:
  • Russia

Extreme Winter Stopped Russia From Benefiting From Higher OPEC+ Quota

Extreme winter weather in Russia, at least more extreme than usual for Siberia, resulted in lower Russian oil production so far in February compared to January and lower than the Continue Reading

Posted On : 27 Feb 2021 Published By : Tom Whipple
Category:
  • Russia

Nord Stream 2 gas link developer shrugs off Wintershall Dea loan move

 The developer of the almost-complete Nord Stream 2 gas pipeline from Russia to Germany said Feb. 26 that it had the financing in place to complete the pipeline, shrugging off Continue Reading

Posted On : 27 Feb 2021 Published By : Tom Whipple
Category:
  • China

China claims to have eliminated poverty. But the figures mask harsh realities.

To great fanfare, Chinese leader Xi Jinping on Thursday declared his country’s “complete victory” over extreme poverty. In an hour-long speech delivered from the Great Hall of the People in Continue Reading

Posted On : 26 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus

Pfizer and BioNTech Studying Third Covid-19 Vaccine Dose to Fight New Strains

Pfizer Inc. PFE 0.21% and BioNTech SE BNTX -1.61% have begun a study testing in people whether the companies’ Covid-19 shot can provide protection against emerging strains of the coronavirus. The companies said Thursday they have started the small Continue Reading

Posted On : 26 Feb 2021 Published By : Tom Whipple
Category:
  • USA

US jobless claims at 730K, still high but fewest in 3 months

The number of Americans seeking unemployment benefits fell sharply last week in a sign that layoffs may have eased, though applications for aid remain at a historically high level. Jobless Continue Reading

Posted On : 26 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus
  • Europe

EU leaders vent fears over delays to vaccination drive

EU leaders vented frustration over sluggish deliveries of coronavirus vaccines and manufacturing delays as anxiety rises over the rapid spread of new variants. The bloc’s presidents and premiers expressed their fears Continue Reading

Posted On : 26 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus

Wealthy nations must act to prevent a global ‘vaccine apartheid’

The world faces two possible futures: one in which all nations band together to bring covid-19 under control, and another in which the wealthiest countries emerge from the pandemic but Continue Reading

Posted On : 25 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus
  • India

India warns of worsening COVID-19 situation, vaccinations to expand

 India announced an expansion of its COVID-19 vaccination program on Wednesday but warned that breaches of coronavirus protocols could worsen an infection surge in many states. Nearly a month after Continue Reading

Posted On : 25 Feb 2021 Published By : Tom Whipple
Category:
  • China

China celebrates official end of extreme poverty, lauds Xi

The ruling Communist Party is celebrating the official end of extreme poverty in China with a propaganda campaign that praises President Xi Jinping’s role, part of efforts to cement his Continue Reading

Posted On : 25 Feb 2021 Published By : Tom Whipple
Category:
  • USA

Financial firms raise U.S. GDP growth estimates on stimulus bets

 Several major financial firms have upped their forecasts for U.S. economic growth based on expectations that President Joe Biden’s proposed $1.9 trillion COVID-19 relief bill will come to fruition and Continue Reading

Posted On : 25 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus
  • Germany

Merkel says COVID variants risk third virus wave, must proceed carefully

 New variants of COVID-19 risk a third wave of infections in Germany and the country must proceed with great care so that a new nationwide shutdown does not become necessary, Continue Reading

Posted On : 25 Feb 2021 Published By : Tom Whipple
Category:
  • Russia

Russia’s Answer To The U.S. Shale Threat Is Finally Here

First output is now being produced by Russia’s number two gas producer (after state-owned Gazprom) – Novatek – from its much-awaited fourth train at the Yamal LNG project, according to Continue Reading

Posted On : 25 Feb 2021 Published By : Tom Whipple
Category:
  • India

Natural Gas Is Driving Decarbonization In India

“Come and invest into India’s energy sector”. Indian Prime Minister Narendra Modi’s words, pronounced at the inauguration of a new gas pipeline on February 17th, sent a clear message : Continue Reading

Posted On : 24 Feb 2021 Published By : Tom Whipple
Category:
  • China

China’s Shale Boom Was Over Before It Began

China is caught up in a very delicate balance. Beijing is being forced to walk a very fine line to keep up with growing energy demand while also shoring up Continue Reading

Posted On : 24 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus

Novavax Nears Covid-19 Vaccine Game Changer—After Years of Failure

In January of last year, employees of Novavax Inc. met at a local Maryland bar to discuss how they might salvage their careers. For decades, the small biotech had tried to develop an Continue Reading

Posted On : 24 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus

Pfizer and FDA discuss clinical trial for boosters for Covid-19 variants

Pfizer says it is discussing a clinical trial for a booster for new Covid-19 variants with the Food and Drug Administration, after the US regulator urged vaccine makers to prepare Continue Reading

Posted On : 24 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus
  • USA

Covid-19: U.S. Vaccine Production and Supply Increase After Snowstorms Caused Delays

The White House said on Tuesday that weekly shipments of coronavirus vaccines to the states would rise by one million doses to 14.5 million, as vaccine manufacturers continue to ramp up Continue Reading

Posted On : 24 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus

Vaccines Adapted for Variants Will Not Need Lengthy Testing, F.D.A.

The Food and Drug Administration said on Monday that vaccine developers would not need to conduct lengthy randomized controlled trials for vaccines that have been adapted to protect against concerning coronavirus Continue Reading

Posted On : 24 Feb 2021 Published By : Tom Whipple
Category:
  • Russia
  • USA

US considers sanctions against Russia over SolarWinds hack

The Biden administration is planning a broad package of measures, including sanctions, to punish Russia over the sprawling SolarWinds espionage campaign that struck at the heart of the US government. US officials Continue Reading

Posted On : 24 Feb 2021 Published By : Tom Whipple
Category:
  • Europe

Europe’s factories raise goods prices as supply bottlenecks bite

European manufacturers are passing higher input costs on to their customers, sending eurozone inflation to its highest level for almost a year as shortages of materials and soaring shipping costs Continue Reading

Posted On : 24 Feb 2021 Published By : Tom Whipple
Category:
  • Saudi Arabia

Saudi Aramco sees hydrogen market gaining momentum after 2030

Saudi Aramco is aiming for its hydrogen business to be “world scale” by 2030, as that is when it expects the market for the clean fuel to scale up, Ahmed Continue Reading

Posted On : 23 Feb 2021 Published By : Tom Whipple
Category:
  • China

China’s Overseas Energy Lending Tumbles To Lowest Since 2008

The millions of people who struggled to keep warm in Texas, with blackouts crippling life inside a dominant energy hub, have laid bare the desperate state of U.S. electricity grids. To fix nationwide vulnerabilities, President Joe Biden Continue Reading

Posted On : 23 Feb 2021 Published By : Tom Whipple
Category:
  • Congress
  • Nord Stream

US lawmakers hit out at Biden administration over ‘inadequate’ Nord Stream 2 sanctions

Senior US lawmakers have slammed the Biden administration for failing to step up its opposition to the almost-complete Nord Stream 2 gas pipeline through increased sanctions designations. Receive daily email Continue Reading

Posted On : 23 Feb 2021 Published By : Tom Whipple
Category:
  • Electricity
  • USA

Texans Will Pay for Decades as Crisis Tacks Billions Onto Bills

Now that the lights are back on in Texas, the state has to figure out who’s going to pay for the energy crisis that plunged millions into darkness last week. Continue Reading

Posted On : 23 Feb 2021 Published By : Tom Whipple
Category:
  • China
  • USA

China calls for reset in Sino-U.S. relations

Senior Chinese diplomat Wang Yi said on Monday the United States and China could work together on issues like climate change and the coronavirus pandemic if they repaired their damaged Continue Reading

Posted On : 22 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus

Pfizer-BioNTech Vaccine Is Highly Effective After One Dose and Can Be Stored in Normal Freezers, Data Shows

Efforts to vaccinate the world’s population against Covid-19 got a boost Friday after research showed that some vaccines provide strong, one-dose protection, and that one of the vaccines can now Continue Reading

Posted On : 20 Feb 2021 Published By : Tom Whipple
Category:
  • coronavirus

Texas Blackouts Lead to a Record Vaccination Drop for the U.S.

Winter weather and power outages had a chilling effect on Texas’s vaccination effort, one large enough to drag down inoculation trends nationwide. On Thursday alone, the state administered 118,417 fewer doses Continue Reading

Posted On : 20 Feb 2021 Published By : Tom Whipple

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