Commodities
EU prepares case against AstraZeneca for failed vaccine deliveries
The European Commission is working on legal proceedings against AstraZeneca after the drugmaker failed to deliver the Covid-19 vaccines that it had been contracted for with the European Union.
FDA finds undesirable conditions at plant that ruined millions of vaccine doses
The US Food and Drug Administration said that it had found poor and unsanitary conditions at the Baltimore plant that had ruined millions of Johnson & Johnson Covid-19 vaccine doses.
EU sets out classification for 'green investments'
The European Union has rolled out its classification system for what constitutes a "green investment" in order it was hoped to help investors better channel money towards the sector.
Daimler to cut shifts for 18,500 workers due to chip shortage
Daimler was forced to put up to 18,500 workers in Germany on short-time shifts due to the impact of the global shortage of chips.
Germany's top court gives go-ahead to ratification of EU recovery fund
Germany’s top court allowed the country to proceed with the ratification of the European Union’s €800bn pandemic recovery fund.
Federal Reserve not aiming for 'prolonged' inflation above target, Powell says
Inflation was set to be a "little higher" in 2021 but the US central bank was not aiming for a large and sustained rise beyond its target, its chairman Jerome Powell said.
Carbon emissions rise dramatically in recovery from pandemic, IEA warns
The annual Global Energy Review from the International Energy Agency warned of a dramatic surge in carbon emissions in 2021 as economies reopen.
EU regulator finds potential link between rare blood clotting and J&J vaccine
The European Medicines Agency said on Tuesday that Johnson & Johnson's Covid-19 vaccine may have links to rare blood- clotting cases, but assured that the benefits of the shot outweigh the risks.
EU negotiators seek legally binding plan to cut emissions
European Union negotiators on Tuesday will attempt to close a deal on a legal framework to make the bloc’s emission targets legally binding, ahead of a summit of global powers this week.
World wants 'justice, not hegemony' - Xi Jinping
China’s president Xi Jinping has called for a shake up global governance, including challenging the existing hegemony of big countries.
Investors turn to renewable energy projects, coal financing costs rise
Investors shift towards increasingly mainstream renewable energy projects is driving up financing costs for those focused on coal.
Eurozone construction output falls sharply in February
Construction output fell sharply across the Eurozone in February, official data published on Monday showed.
China starts clinical trials of Covid-19 inhaled vaccine
China’s CanSino Biologics will start clinical trials for a new Covid-19 vaccine that is inhaled rather than injected, the company’s co-founder and Chief Executive Xuefeng Yu said on Sunday.
Polymetal's Tomtor project confirmed as one of top three rare-earths projects globally
ThreeArc Mining's initial Ore Reserve estimate for the Tomtor niobium and rare-earth metals project in the northwestern Russian province of Yakutia has confirmed it as one of the top-three rare-earths projects in the world.
IATA announces partnership with Eurofins to incorporate Covid-19 testing network
The International Air Transport Association (IATA) announced an agreement with Eurofins to incorporate its worldwide Covid-19 testing network into the IATA Travel Pass.
Jimmy Lai, nine others to be sentenced over illegal assembly in Hong Kong
Hong Kong media tycoon Jimmy Lai and nine others are to be sentenced on Friday for alleged illegal assembly during the anti-government protests there during 2019.
US consumer sentiment edges higher at the start of April, University of Michigan says
US consumer sentiment was at its best level in a year in April thanks to the much larger than usual government stimulus payments seen over that time.
Tokyo Olympics in doubt as Japan struggles to contain fourth wave of Covid-19
The Tokyo Olympics could be postponed yet again if Japan fails to contain its fourth wave of coronavirus before the opening in less than 100 days.
China's economy bounces back from pandemic in Q1
China’s economy bounced back from the pandemic in the first quarter, according to figures released on Friday by the National Bureau of Statistics.
Weekly initial jobless claims drop below post-2008 peak
The number of Americans signing up for unemployment fell last week below the peak hit in the aftermath of the Great Financial Crisis in 2008 - a major milestone.