Russia to start mass use of its Covid-19 vaccine in coming weeks

Russia has become the first country to grant regulatory approval to a vaccine against Covid-19, President Vladimir Putin said on Tuesday, and will begin mass production and immunisation of key workers in the next few weeks. The move, the first time a Covid-19 vaccine has been approved for civilian use, comes after just two months of human trials and underscores...

China’s foreign trade can achieve high-quality development

Ships get ready for their voyages in the foreign trade container terminal of Qingdao port in Shandong province. [Photo by Yu Fangping/For China Daily] BEIJING – China’s foreign trade has the conditions and capabilities to achieve high-quality development even though COVID-19 has dealt a heavy blow to the global market, head of the General Administration of Customs (GAC) Ni Yuefeng...

Central Banks Add More Gold in June

Via Peter Schiff August 11, 2020  by SchiffGold  0   0 Central banks added another net 18.1 tons of gold to their reserves in June, according to the latest data from the World Gold Council. The net total was pulled down by a significant sell-off by Columbia’s central bank. Through the first half of 2020, central bank net purchases of gold totaled about 233...

Occidental posts $8 billion loss, outlines oil production cuts

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid (Reuters) – Occidental Petroleum Corp (OXY.N) on Monday posted a $8.35 billion second-quarter loss on lower energy prices and write-downs as the U.S. oil producer has been trying to...

‘Not a single life is worth what’s happening now’: Opposition leader Tikhanovskaya says she left Belarus of her own accord

Via RT Svetlana Tikhanovskaya says it was her own decision to leave Belarus for Lithuania, supporting the claim by the Belarusian authorities that she departed from the country voluntarily. In a video message, she said the decision had been “very hard” for her, but she hadn’t been pressured into making the choice. “I made this decision absolutely on my own....

McDonald’s gets tough with former chief over fresh sexual conduct claims

Shortly before McDonald’s made public explosive allegations that its former chief executive, Steve Easterbrook, lied about sexual relationships with colleagues, his successor was stating the significance of having clear corporate values. “It’s important for me to set the tone from the top,” Chris Kempczinski said in a Financial Times interview. “The time to make clear my expectations is early on...

Virus surge makes US weak link in global economic recovery

Via AP Business FRANKFURT, Germany (AP) — People in China are back to buying German luxury cars. Europe’s assembly lines are accelerating. Now the global economy is waiting for the United States to get its coronavirus outbreak under control and boost the recovery, but there’s little sign of that. The United States’ fumbling response to the pandemic is casting doubt...

I’m using Google Maps to plan summer family fun

Via Google Blog Save places and make lists I know that we’ll want to meet up with my cousin’s family again soon, and there were a few other nearby nature reserves that looked equally promising. So I tapped the “Save” button to start a list I could refer back to. I can even share it with my cousin so we...

Saudi Aramco’s $75bn dividend dilemma

Saudi Aramco executives began 2020 in a celebratory mood after pulling off the world’s largest stock market listing. But it has rapidly become the state-controlled oil company’s toughest year in decades, hit by the twin shocks of coronavirus and a slump in crude prices. “Aramco has successfully navigated many challenges in its 87-year history . . . But this current crisis that has caused...

Chinese economy on solid footing despite pandemic, quality-focused strategy benefits world: US expert

High-rise buildings are seen along the river in Shanghai. [Photo/Sipa] WASHINGTON — The Chinese economy has been on a solid footing while enduring the coronavirus-related lockdowns, and by focusing on the qualitative aspects of development, China’s strategy will surely benefit the world, a US expert on international affairs has said. “China’s quick victory” over the COVID-19 pandemic “put the Chinese...

Russia Registers World’s First COVID-19 Vaccine, Which Was Tested On Putin’s Daughter

One month after Russia’s Gamelei Institute finished the first experimental vaccine trials on clinical subjects at Moscow’s state medical college, Russia has set an international precedent by becoming the first country to register a COVID-19 vaccine with international medical authorities. Russia declared the vaccine “ready for use” despite “international skepticism,” the Associated Press reported. Putin made the announcement during a...

Boston Properties Is Built To Weather Uncertainty (NYSE:BXP)

While I have never been a big fan of investing in office REITs, Boston Properties (BXP) does look like a compelling buy at current prices. With quality, diversification, and a strong balance sheet, it is arguably the best-positioned office REIT to weather the disruption and challenges facing the space right now. Investors should avoid taking on outsized exposure to office...

UK job losses hit decade-high, worse seen ahead

LONDON (Reuters) – The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labour market as the government winds down its huge job-protection scheme. FILE PHOTO: People walk past a branch of Jobcentre Plus, a government run employment support and benefits...

Justifiable Bullishness Or Is It Willful Blindness?

Authored by Lance Roberts via RealInvestmentAdvice.com, Currently, there is much bullish commentary suggesting stocks can only go higher from here. Is the bullishness in the markets justifiable, or is it willful blindness? John Stoltzfus, CIO of Oppenheimer, is clearly in the bullish camp: “We remain very bullish on this market. You’re going to see money beginning to further move out of...

Global shares rally as investors bet on new stimulus

Shares across Europe and the Asia-Pacific region rose as investors pinned their hopes on Washington pushing through more support measures to limit the economic damage from the coronavirus crisis. The continental benchmark Stoxx 600 gained 1.7 per cent on Tuesday morning. London’s FTSE 100 mirrored those gains, even after data showed that the UK has shed 730,000 jobs since the...

‘This is the most unloved gold bull market I’ve ever seen’ – Peter Schiff

Via RT Business Gold and silver continue to break record highs amid the coronavirus-driven global economic turmoil. However, there still seems to be a lot of skepticism about precious metals, says veteran stockbroker Peter Schiff. In a new episode of his podcast, the economist noted that even with Friday’s corrective sell-off, where gold was down about $40 at one point...

Vivendi, Amber Capital in deal to seek Lagardere board seats

Via Yahoo Finance By Sudip Kar-Gupta PARIS (Reuters) – Media conglomerate Vivendi <VIV.PA> and investment firm Amber Capital, the two largest shareholders in French media group Lagardere <LAGA.PA>, have formed a pact to seek boardroom seats at Lagardere. Lagardere posted a first-half loss in July and for several years has been tussling with hedge fund Amber Capital, which has criticised...

Child sex abuse trial: The horrors of Germany’s Bergisch Gladbach

Via Deutsche Welle It’s an unremarkable house; two stories, flat roof, well-tended front garden — not far from Cologne. The outward facade of a normal life. “Neighbors described them as a nice, normal family,” recalls police officer Lisa Wagner, who took part in the search of Jörg L.’s house on the morning of 21 October 2019 that brought the facade tumbling down. ...