Friday, July 9, 2021

US markets week ahead: Q2 earnings kick off and eyes on rate of US recovery


Looking ahead to US markets, second-quarter earnings season kicks off next week, with major banks due to post results Tuesday. 


Markets will be looking at financials to see how the economy has recovered and gauge where it's going, and at consumer prices and retail sales to gauge inflation levels and spending momentum.


From our New York bureau, Liling Tan reports. 


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U.S. President Biden signs Executive Order to boost competition

U.S. President Biden signed an executive order on Friday that aims to promote competition in the American economy.

It includes wide-ranging actions to crackdown on anti-competitive practises covering industries from tech to pharma and transportation.

FSN's Caroline Malone reports from Washington.

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White House: U.S. President Joe Biden urges Russia's Vladimir Putin to crack down on hackers


The White House says U.S. President Joe Biden urged his Russian counterpart to take action on "ransomware groups" operating in his country during a phone call on Friday.

Biden and Russian President Vladimir Putin also discussed a last-minute deal brokered by the U.S. and Russia at the United Nations to maintain aid to Syria.

Our Washington correspondent Giles Gibson has more.

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Pentagon voices concern over Taliban advances

As the US military prepares to pull out of Afghanistan, the Pentagon
has confirmed a worsening security situation, with the Taliban
claiming it now controls 85% of the country.

The Biden administration is urging the Afghan military to step up an
offensive to counter the militant group.

Nick Harper reports from Washington.

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Pfizer-BioNTech request approval for third booster shot

European and American health regulators are being asked to consider approving an additional booster shot against Covid-19. 

The request comes from Pfizer-BioNTech, who say new data suggests their vaccine may need a top-up to ensure antibody levels don't fall over time. 

From Berlin, Trent Murray reports. 

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TALIBAN ASSURES SURROUNDING COUNTRIES IT WILL RESPECT BORDERS

The Taliban has assured Russia it will not violate the Tajikistan or Uzbekistan border, as its forces continue seizing territory previously controlled by the Afghanistan government.

After meeting with Russian officials in Moscow, a Taliban spokesperson said Russia "was not worried" about the prospect of Taliban governance.

But Russia has not recalled a contingent of 6000 soldiers on their way to an ex-Soviet military base near the Tajik-Afghan border.

Stuart Smith reports from Moscow.

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HAITI POLICE SAY PRESIDENT ASSASSINATED BY HIT SQUAD

In Haiti, police investigating the assassination of the nation's President Jovenel Moise on Wednesday, say a multi-national hit squad was responsible for the attack. 28 people are believed to have been involved in the killing. Laura Makin-Isherwood has more.


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UK WORKING ON INTERNATIONAL VACCINE CERTIFICATION

The UK says it's working to relax travel restrictions for people who've been vaccinated in other countries.

On Thursday quarantine was dropped for Britons returning to the UK from most countries - if they've received two jabs from the National Health Service.

But many Brits who live abroad are angry they can't yet travel to their home country without isolating because of where they received vaccine doses.

It also means international tourism to the UK remains almost non-existant.

Transport Secretary Grant Shapps says he hopes that can be dealt with quickly.

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Australia - Health Minister alarmed as Delta strain continues to spread

Covid infections in the state of New South Wales have jumped again over night, recording 44 new locally acquired cases, with 27 of them moving around in the community while infectious.


It's the highest number since the Sydney outbreak began on June 16.


Shaun Bindley reports.


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Vaccine rollout for under 18 in India may start as early as September: Officials

Intro:

Head of India's top advisory on COVID-19 vaccines says the country will be ready to rollout vaccines to under 18-year-olds from September.

Experts say this could protect the country from subsequent waves of infections.

Ishan Garg has more from New Delhi.

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Haitian Police Hunt Assassination Masterminds

Police in Haiti have killed or arrested the gunmen suspected of murdering President Jovenel Moise. 

They say they're still looking for the people who planned the assassination. 

Rachel Silverman has more. 


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Thursday, July 8, 2021

U.S. stocks fall as global Covid-19 concerns rise

The U.S. markets closed firmly in the red on Thursday amid fears of
surging Covid-19 cases around the world.

Stocks closely tethered to the easing of coronavirus restrictions were
amid those hardest hit during trading hours.

William Denselow reports from New York.

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Biden confirms full Afghanistan withdrawal by Aug 31st

US President Joe Biden has confirmed the US withdrawal of troops from
Afghanistan will be complete by the end of August.

He said America had succeeded in its mission and rejected the
possibility of the Taliban retaking control of the country.

US correspondent Nick Harper reports.

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COVID-19 delta variant a threat to young people and unvaccinated

The White House COVID response team is warning that the Delta variant is a threat to young people, and any others who have not been vaccinated.


Cases continue to rise in the United States, where there's been about 13,900 cases a day in the last week: up 11% from the previous seven day rolling average.


FSN's Caroline Malone reports from Washington.


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TALIBAN VISITS MOSCOW

Representatives of the Taliban are in Moscow for two days to discuss the Islamist movement's recent advances in Afghanistan.

The Kremlin considers the Taliban a terrorist organisation, and is concerned about their recent encroachment on the Tajikistan border.

Stuart Smith reports from Moscow.

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Tokyo Olympics to go ahead without spectators


The Tokyo Olympics will be held without spectators in stadiums after a state of emergency was declared in Japan's capital.

Coronavirus case numbers in the country are climbing once again with just over two weeks to go until the opening ceremony.

Our correspondent Phoebe Amoroso is in Tokyo.

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Weekly jobless claims unexpectedly grow

The number of Americans filing for first time unemployment benefits
rose unexpectedly last week.

The U.S. is seeing record numbers of job openings but filling those
positions is proving slow going.

William Denselow reports from New York.

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No more quarantine for Brits fully-vaccinated in Britain when arriving from 'amber' risk countries

Fully vaccinated UK residents and children arriving in England from states designated as 'amber' on the country's travel list will no longer have to quarantine from 19th July -- that's the day marking the end of Britain's lockdown restrictions. 


Transport Secretary Grant Shapps confirmed the change, much to the relief of the travel industry, but both Scotland and Wales have not yet followed suit. 


From London, Benji Hyer reports. 


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Haiti: four killed in manhunt for President's assassins

Authorities in Haiti say they've killed four people involved in the
assassination of President Jovenel Moïse.

Two others have been detained as a manhunt continues in the capital
Port-au-Prince.

Nick Harper reports.

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EU slaps BMW and Volkswagen with $1 billion fine

Volkswagen and BMW have agreed to pay $1 billion in fines to the European Union for illegally partaking in a pollution cartel. Daimler, which was also part of the so-called "circle of five,"  avoided punishment for being the first to tell investigators about the cartel.

Brussels says the German auto giants colluded to delay the rollout of clean emissions technology.

Toni Waterman has more from Brussels.

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