FOX News medical contributor Dr. Janette Nesheiwat weighs in on vaccination efforts and Johnson & Johnson distribution pause
FOX News medical contributor Dr. Janette Nesheiwat weighs in on vaccination efforts and Johnson & Johnson distribution pause
The severe cyclonic storm 'Tauktae' over the Arabian Sea has intensified into a very severe cyclonic storm and is expected to reach the Gujarat coast.
As 30 senators call for an immediate halt to violence in Israel and Gaza on Sunday, the president has yet to do the same — despite the Palestinian civilian death toll climbing.
(Bloomberg) -- Oil was steady after posting a third weekly gain as a demand recovery in key regions raised optimism about rising fuel consumption, despite a Covid-19 flare-up in parts of Asia.Futures in New York traded near $65 a barrel after advancing 2.4% on Friday. The U.S. and China along with parts of Europe are rebounding strongly from the pandemic as the vaccination drive accelerates. The prompt timespread for global benchmark Brent oil has also started widening again in a bullish backwardation structure, signaling a tightening market.China’s economic activity moderated in April from its record expansion in the first quarter, although segments such as industrial output was robust. Apparent oil demand eased slightly from March, but was up from a year earlier.Oil has managed to break out from a tight range near $60 a barrel and resume its upward momentum, but constant reminders that parts of the world remain far from a full recovery from the pandemic continues to dent the outlook. The coronavirus resurgence in India is still crippling the nation, while Singapore and Taiwan grapple with new outbreaks.Another wildcard is the prospect of more crude flows from Iran as the nation seeks to revive a nuclear deal and free itself of U.S. sanctions. Talks are ongoing, however, and progress on a solution remains uncertain.“The recovery happening in Europe and the U.S. is good enough to support oil,” said Stephen Innes, global managing partner at SPI Asset Management. “There will be a lot of pent up demand for gasoline. We may continue to drift here for a little while until the Indian saga starts to ease up a little.”The prompt timespread for Brent was 36 cents in backwardation -- where near-dated contracts are more expensive than later-dated ones -- compared with 23 cents a week earlier. It narrowed to 17 cents on Thursday.The U.S. added slightly more than 30,000 cases on Saturday, sending the nation’s rolling one-week average to the lowest level since late last June, according to data compiled by Johns Hopkins University and Bloomberg. In the U.K., more than 20 million people, or 38% of the British adult population, are fully vaccinated against the coronavirus, the government said Sunday.Meanwhile, the supply of gasoline at pump stations was in the process of returning to normal after the restart of Colonial Pipeline Co., although fuel disruptions may still be seen for weeks in parts of the U.S. East and SouthFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Primary aluminium output in China, by far the world's biggest producer of the metal, was 3.35 million tonnes in April, the National Bureau of Statistics said. In the first four months of the year, China produced 13.02 million tonnes, a rise of 9.6 percent from the same period a year earlier, the data showed. April's daily output was 111,667 tonnes, a record high, versus 105,700 daily tonnes in March, which has one more day.
Oil major BP has lobbied for the EU to support natural gas, a move that exposes divergent views among investors and reflects a wider European dispute about the role of the fossil fuel in the transition to a lower-carbon world. The European Commission - aiming to reach net-zero greenhouse gas emissions by 2050 - had planned to omit gas-fuelled power plants from a new list of investments that can be marketed as sustainable, but delayed the decision last month following complaints from some countries and companies. Britain's BP was among those lobbying against the plan.
Andrea Meza of Mexico has been crowned Miss Universe. Previous winner Zozibini Tunzi fit the crown on Meza's head and waited to make sure it would stay in place as Meza beamed and took her first walk to the front of the stage.
Leicester tasted FA Cup glory for the first time as Liverpool found an Alisson in Wonderland.
‘Everybody is angry’: Modi under fire over India’s Covid second waveFrom an approval rating of 80% earlier in the year, now tough questions are being asked of PM’s leadership Pyres burn at a crematorium in Delhi. Photograph: Arun Sankar/AFP/Getty Images
Olivia Munn does love those SNL boys, after all.
Toyoda Gosei Co., Ltd. (TOKYO:7282) has established a new plant in Mexico, the TAPEX Mexicana, S.A. de C.V. (TAPEX) Monterrey Plant, and started its production of the bags that are a main component of automotive airbags in March 2021. This will help to meet the growing demand for airbags.
(Bloomberg) -- Stocks in Asia fluctuated Monday with U.S. futures as spikes in virus cases in parts the region and lingering inflation concerns weighed on investor sentiment.Shares gained modestly in Australia and Hong Kong but slipped in Japan and South Korea as markets responded to the latest curbs on activity to halt the spread of Covid-19. U.S. stocks ended in the green Friday after gathering price pressures pushed equity markets globally to their worst weekly loss since February.China’s stocks climbed, shrugging off some below-forecast readings on retail sales, industrial output and fixed-asset investment.The spread of the virus is front and center again as Singapore plans to close public schools this week and move to home-based learning. Taiwan is racing to contain its worst outbreak and avert a full lockdown.Treasury yields were steady after dropping Friday on a report that showed the recent surge in U.S. retail sales stalled in April. The dollar edged up against its major peers.Concerns that policy makers will have to pull back support sooner than expected to quell rising inflation have weighed on global equities. Investors this week will parse the minutes from the Federal Open Market Committee’s latest meeting for any discussion about accelerating price pressures, and hints of a timeline for reducing asset purchases.“The global economic recovery is well under way; that’s what’s fueling the inflation fears,” Olivier d’Assier, Qontigo head of APAC applied research, said on Bloomberg TV. It’s not surprising to see some profit taking after the rally in equity prices, d’Assier said.The Federal Reserve’s policy is in a good place right now, said Cleveland Fed President Loretta Mester, while playing down data that she warns will be volatile as the economy reopens. Fed Vice Chair Richard Clarida and Atlanta Fed President Raphael Bostic are due to speak this week.The momentum in commodity markets seems to have flagged after breakneck gains, with copper and iron ore coming off record highs amid efforts by China to clamp down on surging prices. Oil edged higher.Meanwhile, Bitcoin fell to the lowest since February. The digital coin extended losses after trading below $45,000 Sunday, as Tesla Inc. founder Elon Musk continued to spar with Bitcoin proponents on Twitter and implied Tesla might sell its holdings.Click here for MLIV’s Question of the Day: How Far Can East-West Stocks Divergence Go?Here are some key events this week:Reserve Bank of Australia publishes minutes of its latest meeting TuesdayFed Vice Chair Richard Clarida and Atlanta Fed President Raphael Bostic are among policy makers speaking this weekThe Fed publishes minutes from its April meeting Wednesday, which may provide clues to officials’ views on the recovery and how they define “transitory” when it comes to inflationAustralia releases employment data for April on ThursdayThese are some of the main moves in markets:StocksS&P 500 futures dipped 0.2% as of 12:55 p.m. in Tokyo. The S&P 500 rose 1.5%Nasdaq 100 contracts edged down 0.3%. The Nasdaq 100 rose 2.2%Japan’s Topix Index fell 0.4%Australia’s S&P/ASX 200 Index added 0.3%South Korea’s Kospi index fell 0.9%Hang Seng Index rose 0.4%Shanghai Composite Index gained 1%Euro Stoxx 50 futures rose 0.2%CurrenciesThe yen traded at 109.35 per dollarThe offshore yuan was at 6.4413 per dollarThe Bloomberg Dollar Spot Index rose 0.1%The euro edged down to $1.2133BondsThe yield on 10-year Treasuries was around 1.62%Australia’s 10-year bond yield fell three basis points to 1.76%CommoditiesWest Texas Intermediate crude rose 0.2% to $65.47 a barrelGold advanced 0.5% to $1,851.75For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
"It's not a virus, it's a tool to use power," says Monique Lustig in the Netherlands, while in Germany, Hellmuth Mendel argues that "Covid is a story invented by an international financial mafia". "And what if this was all just a film?" asks Christophe Charret in France.
(Bloomberg) -- Adani Green Energy Ltd., majority-owned by Indian billionaire Gautam Adani, is in advanced talks to acquire privately-held SB Energy Holdings Ltd., according to people familiar with the matter.A deal could value SB Energy, owned by SoftBank Group Corp. and Bharti Enterprises Ltd., at more than $650 million, said one of the people, who asked not to be identified as the information is private. Adani Green is exploring a buyout of the renewable energy company through an all-stock deal, another person said.Shares in Adani Green climbed as much as 5% on Monday, touching their highest level in more than a month. They have risen nearly 400% in the past year, giving the company a market value of about $24 billion.An announcement could come in coming weeks, the people said. Discussions could still be delayed or fall apart, they added. A representative for SoftBank declined to comment, while representatives for Adani Green and Bharti Enterprises didn’t immediately respond to requests for comment.A deal could help Adani Green to reach its planned generation capacity of 25 gigawatts by 2025.(Updates with change in share price in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
With few takers, Ryanair has cut fares to the Algarve to below £10
Gold prices rose on Monday to their highest level in more than three months, as a dip in U.S. Treasury yields and worries over surging COVID-19 cases in some Asian countries boosted demand for the safe-haven metal. Spot gold was up 0.6% at $1,852.39 per ounce by 0318 GMT, after hitting its highest since Feb. 10 earlier in the session. "Treasury yields are falling and on the other hand, there seems to be fears about virus resurgence in Singapore, Taiwan and broader Asian-Pacific markets... driving up demand for safety," said Margaret Yang, a strategist at DailyFX.
Football, horse racing, rugby league and rugby union will be among the sports opening their doors to supporters on Monday.
The ceremony returned after a break in 2020.
Call for urgent review of Queensland family violence police procedures after attempted murder charges laid. The Women’s Legal Service Queensland wants an immediate review into the state’s bail laws and police procedures in family violence cases
‘Happy hours ... for now’: what the papers say about Britain emerging from lockdownFront pages celebrate easing of restrictions but they all deliver a health warning as cases of the new variant spread Newspaper front pages on Monday 17 May 2021 as the lockdown is eased further. Composite: Various
(Bloomberg) -- Iron ore futures climbed back above $200 a ton as soaring steel production in China showed there’s no sign of the industry cooling despite government attempts to rein in output from last year’s record of over 1 billion tons.Crude steel output in April rose to 97.9 million tons to hit monthly and daily run-rate records. The robust pace of production also lifted the year-to-date tally to 375 million tons, a 16% jump compared to same period last year. This comes as iron ore stockpiles at Chinese ports declined for the third week, indicating strength in demand.Officials in China have restated their commitment to control pollution in its vast steel industry, with fresh output restrictions ordered in the mill-hub of Tangshan and nationwide inspections planned on capacity cuts. At the same time, a global steel boom has been helping drive iron ore inventories lower and pushing prices higher.“As China’s steel production still continues to expand, its steel margins remain elevated and seaborne iron ore supply remains constrained, we think that the iron ore price can stay around the current level through 2Q, but is likely to remain highly volatile,” according to a note by analysts at Morgan Stanley.Wild RideIron ore futures in Singapore rose 2.4% to $206.55 a ton by 10:23 a.m. local time, after tumbling about 11% over the previous two trading days. Contracts in Dalian climbed 2% after dropping the daily limit on Friday. Rebar futures traded little changed in Shanghai and hot-rolled coil fell 1.8%.Iron ore rocketed higher in the early part of last week, prompting the authorities to crackdown further on the steel sector. Steel mills from Tangshan to Shanghai were warned not to fabricate or spread price hike information after Premier Li Keqiang urged the nation to deal with surging prices.The bourse in Dalian has raised trading limits for iron ore, while the Shanghai Futures Exchange plans to raise trading limits of deformed steel bar and hot-rolled sheet futures from Tuesday.The government may intervene but they were caught in between their policy of urbanization -- which needs steel or ore and keeping consumption up -- and their wish to control pollution and the iron ore price, said Philip Kirchlechner, director at Iron Ore Research Pty.“The complicating factor with the iron ore price is that we do not know what the speculative component of the price is,” he said. “If the speculative component is big enough, any rumor about changes in government policy can push the price down again. This is what might be happening.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.