Tuesday, May 4, 2021

Pfizer's COVID vaccine Q1 revs hit US$3.5B; inks new deals for 1.6M doses

US drugmaker Pfizer posted blockbuster earnings that far exceed market expectations.


The company's COVID-19 vaccine accounted for nearly a quarter of revenues which came in at $14.6 billion dollars. 


From New York, US correspondent Liling Tan breaks down the numbers.


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EU SUSPENDS FINALISATION OF CHINA INVESTMENT DEAL

The EU has paused finalising its investment deal with China in the face of tit-for-tat sanctions and increasingly sour diplomatic relations.

EU Executive Vice President for Trade Valdis Dombrovskis, says "political outreach" from the European Commission is "in a sense…suspended".

Stuart Smith reports from Brussels.

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Right-wing extremism "biggest threat" to Germany: Interior Minister

Racist attacks are up in Germany, according to new government data. 

The country's interior ministry says there has been a notable jump in crimes committed by right-wing extremists. 

Trent Murray reports from Berlin

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EU carbon price hits new record

The cost of polluting in the European Union has hit record highs, as the price of carbon jumps past 60 dollars a tonne.

The emissions trading scheme makes it expensive for companies to produce greenhouse gasses, which warm the climate.

Stuart Smith has more from Brussels.

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US weighs Covid-19 vaccine for children aged 12 & up

The US Food and Drug Administration is expected to expand Covid-19
vaccine eligibility to allow children aged 12 and up to receive
vaccinations.

Some argue it will help achieve a smooth return to school for the
start of the new academic year in the autumn.

US correspondent Nick Harper reports.

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23 dead after Mexico City train line collapse

At least 23 people have died after a metro overpass collapsed onto a
road in Mexico City as a train was passing over.

Investigations are now underway into the cause.

Sarah Walton reports.

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EMA puts China's Sinovac under ruling review

The European Medicines Agency has begun a rolling review of China's Sinovac coronavirus vaccine. 

Preliminary studies suggest the jab produces an immune response.

Lucy Hough has more from Brussels. 

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EU Will Not Observe Ethiopian Elections


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The European Union says it will not observe Ethiopia's parliamentary elections slated for June 5th this year.

In a statement, the EU has explained that it has cancelled the deployment of an observation mission to the country, because of what it says has been a failure to agree with Ethiopian authorities on key requirements for the deployment.


Coletta Wanjohi reports from Addis Ababa. 

 

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UK AND INDIA STRIKE TRADE DEAL

A trade deal worth around 1 point 4 billion dollars has been struck between India and the United Kingdom. Downing Street says it will create more than 6,000 jobs in the UK. Export deals have also been secured. Laura Makin-Isherwood has more.


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G7 in-person summit in London: Australia, India, South Korea and South Africa also attending

Foreign ministers from the G7 countries are convening in London for their first face-to-face meeting in more than two years.


Representatives from the world's leading economies are expected to discuss the "shared challenges and rising threats" to health and democracy. 


From London, Benji Hyer reports. 


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CONGO TO IMPOSE MILITARY RULE IN TROUBLED EAST

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The Democratic Republic of Congo has imposed martial law in two provinces in the east of the country following a rise in the killing of civilians there.

The move will see all civilian authorities in Ituri and North Kivu provinces be replaced by police and military officers for a period of 30 days. 
The announcement was made by the DRC President's spokesperson on Monday evening. CGTN's Chris Ocamringa reports from Kinshasa.

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Vaccine privileges plan divides opinion in Germany

The German Government is preparing to give special privileges to those who have been vaccinated against Covid-19. 

Under plans being drafted by the Health Minister, people who have received their jab could be allowed to meet up together and skip public testing requirements. But some critics say the plans will likely anger young people, who are still months away from being invited to receive their vaccine. 

Trent Murray reports from Berlin

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Tanzania issues travel advisory aimed at controlling the COVID-19 pandemic

Tanzania has issued a COVID-19 travel advisory aimed at controlling the coronavirus pandemic. In a statement by Tanzania's Health Permanent Secretary, new measures will be effective Tuesday

Daniel Kijo reports

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UK AND INDIA ANNOUNCE TRADE DEALS

The UK and India have announced trade and investment deals worth £1bn ($1.39bn).

It comes as Prime Ministers Boris Johnson and Narendra Modi hold a virtual bilateral meeting.

Mr Johnson was due to visit India last month but postponed the trip because of the country's Covid-19 crisis.

International Trade Secretary Liz Truss says the new deals will create around 6000 jobs in the UK - but insists there is more progress to be made.

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India's COVID19 tally crosses 20 million mark

India recorded more than 357,000 cases and nearly 3450 deaths in the last 24 hours. Experts say the second wave is expected to peak in another two to three weeks.

As hospitals across the country continue to struggle with oxygen shortages more than a week in, many are calling on Prime Minister Modi to impose a nationwide lockdown.

Neha Poonia has more.

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Japan-US pledge to strengthen security at G7 foreign ministers meeting

Japan has reaffirmed its cooperation with the US on security in the Asia-Pacific region at a meeting for G7 foreign ministers which kicked off in London on Monday. It has also announced an agreement on security and trade with the UK, amid concerns over the rising influence of China. 

Phoebe Amoroso reports. 

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Monday, May 3, 2021

Bill and Melinda Gates Divorcing

Bill and Melinda Gates are divorcing after twenty seven years of marriage.

They say they will continue to work together at their foundation, which is one of the world's largest philanthropic organizations.

US correspondent Ira Spitzer has more.


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Mixed close on Wall Street as NYC announces more reopening plans

There was a mostly positive start to May's trading on Wall street as
the Dow rose more than 200 points, despite weaker than expected
manufacturing data.

The markets also reacted to further plans to lift coronavirus
restrictions in New York.

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Moderna to Supply Doses to COVAX

Moderna says it will supply 500 million doses of its coronavirus vaccine to  a vaccination initiative backed by the  World Health Organization.This comes as there are growing calls to address the vaccination gap between wealthy countries and the rest of the world.

Rachel Silverman has details. 


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Andrew Brown Jr's funeral held in Elizabeth City, North Carolina


Attorneys for the family of Andrew Brown Jr once again called for bodycam footage of his shooting to be made public as his funeral service was held in North Carolina.


The 42-year-old black man was shot dead by sheriff's deputies last month.

Giles Gibson reports from Elizabeth City, North Carolina.


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