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Portugal holds presidential election as COVID-19 cases spiral
  + stars: | 2021-01-23 | by ( Victoria Waldersee | ) sentiment -1.00   time to read: +2 min
Exceptional times call for exceptional measures,” said Lisbon resident Miguel Goncalves, 55. Almost two-thirds of voters think the election should be postponed, a poll by research institute ISC/ISCTE showed last week. “They should have spread voting over more days,” political scientist Joao Cancela of IPRE-NOVA University said. “We’re now facing a double-edged risk - high abstentions, and the fact that those who do turn out will be outside their homes,” opposition leader Rui Rio said. Despite their mainly ceremonial role, presidents can veto certain laws and decree states of emergency.
Persons: , Miguel Goncalves, , Joao Cancela, “ We’re, Rui Rio, Marcelo Rebelo de Sousa, Ana Gomes, Chega Andre Ventura Organizations: IPRE, NOVA University, Social Democratic Party Locations: LISBON, Lisbon
The Dodgers left-hander Al Downing's first pitch to Hank Aaron in the bottom of the fourth inning bounced in the dirt, drawing loud boos from the 53,775 fans at Atlanta-Fulton County Stadium. Before his major-league debut in 1954, Aaron played briefly in the Negro Leagues for the Indianapolis Clowns. "A lot of people don't know that Henry Aaron played for the Clowns. Henry Aaron comes over and Howard says, ‘Hank, this is the kid I was telling you about.’ And without breaking stride, Hank says, ‘Hey young man. If Aaron was at odds with the controversy surrounding Bonds and the debate about whether Bonds' record is tainted, Aaron never showed it.
Persons: Al Downing's, Hank Aaron, Downing, Vin Scully, Bill Buckner, Scully, Aaron, Babe Ruth, Don Sutton, Tommy Lasorda, Al Kaline, Bob Gibson, Joe Morgan, Lou Brock, Whitey Ford, Tom Seaver, Phil Niekro, Babe Ruth's, Bob Costas, Costas, Henry Aaron, Bob Kendrick, Kendrick, Yankee, Elston Howard, we’re, Howard, ‘ Hank, Hank, , Costas marveled, Barry Bonds, Bonds, Hammerin Organizations: Dodgers, Atlanta, Fulton County, Atlanta Braves, of Famer, of Fame, NBC, MLB Network, Negro Leagues, Indianapolis, Negro Leagues Baseball Museum, Yankees, Braves, Giants Locations: Alabama, Kansas City, America, San Francisco
Democrats spent the four years of the Trump administration talking tough on Russia, and now with President Joe Biden in the White House, they face an immediate challenge: addressing one of the worst hacking campaigns in U.S. history. Democrats who watched Donald Trump as president consistently defer to Russian President Vladimir Putin are eager to take a stronger stance. “CISA’s not resourced to do remediation and reconstitution of federal networks,” he said. The Biden administration also faces a difficult question in what to do about the hack. In the Biden administration’s first two news conferences, White House press secretary Jen Psaki stressed that dealing with the SolarWinds hack was a priority, but that it’s still early in the administration.
Persons: Trump, Joe Biden, Biden, Donald Trump, Vladimir Putin, , ” Sen, Mark Warner, , , That's, Matthew Travis, Chris Krebs, CISA’s, Jen Psaki, it’s, Barack Obama’s, didn’t, Michael Daniel, Obama’s, Lesley Carhart, “ We’re Organizations: Senate Intelligence, NBC News, Texas software, Infrastructure Security Agency, Twitter, Biden administration’s, White, National Security Agency, U.S . Office, Management, Budget, The Commerce, Energy, Justice, Labor, Treasury Locations: Russia, U.S, Texas, China
WASHINGTON (Reuters) - U.S. President Joe Biden on Friday ordered the faster issuance of pandemic stimulus checks to needy families and increased food aid for children who normally rely on school meals, an effort to ease Americans’ burdens while Congress negotiates over his proposed $1.9 trillion economic stimulus package. “It’s not just to meet the moral obligation,” Biden said in remarks at a White House event to sign two executive orders. “This is an economic imperative.”Biden said his stimulus package to address the economic effects of the pandemic has support from business, labor, Wall Street and Main Street. In December, Biden set a goal of 100 million vaccinations in his first 100 days in office and on Friday he spoke of exceeding that number. “We’re going to, God willing, not only do 100 million, we’re going do more than that,” he said.
Persons: Joe Biden, Biden, Donald Trump, “ It’s, ” Biden, Brian Deese, , ” Deese, Deese, “ We’re, , Biden’s, Janet Yellen, Trump, Department of Labor “ Organizations: WASHINGTON, Republican, White, National Economic, U.S . Centers for Disease Control, U.S . Senate, Senate, Treasury Department, Department of Labor, Agriculture Department Locations: America
TAIPEI (Reuters) - Taiwan is under no illusions it can quickly sign a long hoped for free trade deal with the United States but feels when the time is right “success will flow naturally”, the island’s chief trade negotiator said on Friday. FILE PHOTO: Flags of Taiwan and U.S. are placed for a meeting between U.S. House Foreign Affairs Committee Chairman Ed Royce speaks and with Su Chia-chyuan, President of the Legislative Yuan in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone SiuTaiwan has long sought a bilateral trade deal with the United States, the Chinese-claimed island’s most important international backer and supplier of arms. While Taiwan is a member of the World Trade Organization, many countries are wary of signing trade deals with the tech-powerhouse fearing objections from China, though Taiwan does have free trade deals with Singapore and New Zealand. President Tsai Ing-wen told Britain’s newly appointed de facto ambassador in Taipei this week she hoped they could begin talks on a free trade or bilateral investment agreement.
Persons: Ed Royce, Su Chia, Tyrone Siu, Joe Biden, Janet Yellen, John Deng, , Deng, we’re, ” Deng, Tsai Ing Organizations: . House Foreign, REUTERS, Tyrone, Reuters, , Pacific Partnership, Trans, Pacific, World Trade Organization, European Union Locations: TAIPEI, Taiwan, United States, U.S, Taipei, Tyrone Siu Taiwan, Washington, China, Singapore, New Zealand, Britain, British
ET Covid-19 Live Updates: Travel Restrictions Keep World Frozen in Place Travelers to the United States will have to quarantine, and the E.U. Three locally transmitted coronavirus cases were confirmed on Thursday in Shanghai, China’s largest city, the first in the city in about two months. There are about 300,000 second doses that will have been delivered to New York City by the end of today. New York City administered 45,000 doses on Wednesday, according to the mayor, surpassing a milestone of 500,000 doses since the vaccination drive began. Dubai has been hesitant to shut down its entertainment sector but is finally enacting restrictions amid a rise in coronavirus cases.
Persons: Biden’s, Stefani Reynolds, Biden, Emmanuel Macron’s, Ma Xiaowei, Remy Tumin, Matina, Aurelien, Anthony Fauci, Doug Mills, Anthony S, Fauci, Donald J, Trump, President Biden, , , glowering, Denise Grady, Eli Lilly, Riccardo Antimiani, Daniel Skovronsky, Eli Lilly’s, Dave Chappelle, Owen Sweeney, Mr, Chappelle, Joe Rogan, Rogan, Thomas Peter, de Blasio, Says, Bill de Blasio, we’re, it’s, Mary Altaffer, Dave Chokshi, Chokshi, Kamran Jebreili, Byambasuren, Khurelsukh Ukhnaa, Khurelsukh Organizations: Travelers, Philadelphia International, The New York Times, Union, teleconference, Schools, National Health Commission, New York, House, National Institutes of Health, Food and Drug Administration, Associated Press, Austin, Beijing, ., Reuters, Health, Shanghai, Sputnik, European Union, AstraZeneca, , Yorker, , Credit, New, Los Angeles Times, Moderna, Associated, United Arab, Industry, Emirates, Pfizer, Agence France, Protesters, World Health Organization, Mining Locations: United States, Philadelphia, Europe, Britain, South Africa, France, Latin America, Portugal, Brazil, China, Beijing, Shanghai, China’s, , Italy, Austin , Texas, Ohio, Hebei, Heilongjiang, Jilin, Shanxi, ands, Shandong, Wuhan, Hungary, New York, New York City, York, California, Dubai, United Arab Emirates, backtrack, Israel, Ulaanbaatar, Mongolian, Mongolia
ET Big Banks Reflect Nation’s Lopsided Economic Recovery: Live Updates RIGHT NOW The Bond film ‘No Time to Die’ is delayed again as the virus stymies Hollywood. But other banks with big consumer-lending arms didn’t fare as well, with Bank of America, Citigroup and Wells Fargo lagging in terms of profit growth. Big banks' loan and deposit growth Total of Bank of America, Citigroup, JPMorgan Chase and Wells Fargo What do banks plan to do with all that cash? Analysts polled by FactSet expect the six largest banks to buy back nearly $70 billion in shares this year, up from $18 billion last year. Jason Karaian andThe Bond film ‘No Time to Die’ is delayed again as the virus stymies Hollywood.
Persons: Biden, JPMorgan Chase, Morgan Stanley, Wells, ” Jamie Dimon, “ we’re, , James Gorman, Morgan Stanley’s, Jason Karaian, Mladen Antonov, James Bond, Mayer, “ Morbius, Jared Leto, Tom Hanks, Universal’s, Christopher Nolan’s “ Tenet, ” Warner, “ Tenet, John Shenk, Daisuke Wakabayashi, Loon, Hurricane Maria Organizations: Goldman, JPMorgan, Bank of America, Citigroup, JPMorgan Chase, FactSet, Agence France, Bond, Hollywood, Metro, Goldwyn, Sony Pictures, Universal, Amblin Entertainment, Marvel, , ” Warner Bros, Zealand, European Pressphoto Agency, Google, Telkom Kenya, Hurricane Locations: United States, Kenya, Nairobi
ET Tesla’s Sales Slowed in 22 States Last Year, Report Says: Live Updates RIGHT NOW The Bond film ‘No Time to Die’ is delayed again as the virus stymies Hollywood. S&P 500 - % Dow - % Nasdaq - %Tesla’s U.S. sales slowed in 22 states in 2020, partly because of the pandemic. Registrations of the Model 3 fell 35 percent last year in the 22 states Cross-Sell tracks, to 67,638 from 103,810 cars in 2019. In the final three months of 2020, 22,267 Model Ys were registered in the 22 states. Cross-Sell purchases vehicle registration data from 22 states that offer it for sale.
Persons: Elon Musk, Jerry Garrett, , Meagan, Tesla, Mladen Antonov, James Bond, Mayer, Tom Hanks, Universal’s, Christopher Nolan’s “ Tenet, ” Warner, “ Tenet, “ Morbius, Jared Leto, Biden, JPMorgan Chase, Morgan Stanley, Wells, ” Jamie Dimon, “ we’re, James Gorman, Morgan Stanley’s, Jason Karaian, Fannie Mae, Freddie Mac, Harvey, Eric Thayer, Biden’s, DealBook, Mark Calabria, Freddie, Janet Yellen, , Mark Zandi, Tim Mohin, Persefoni, Will Oliver, Shutterstock Stocks, Patrick Gelsinger Organizations: Dow, U.S, The New York Times, Volkswagen, Volvo, Agence France, Bond, Hollywood, Metro, Goldwyn, Universal, Amblin Entertainment, Marvel, , ” Warner Bros, MGM, ” Sony Pictures, Goldman, JPMorgan, Bank of America, Citigroup, JPMorgan Chase, FactSet, Federal Housing Finance Agency, Mr, Treasury, Futures Trading Commission, Federal Reserve, Apple, Intel, Shutterstock, Wall, IHS, Regal Cinemas, James, AMC Entertainment, AMD, IBM, Siemens Locations: United States, North America, Fremont , Calif, California, Florida , New York, Texas, U.S, China, Europe, British, Calabria, Britain, Asia, Cineworld, London
A pharmacist from Walgreens talks to staff members at an assisted living home in Jackson, Miss., about the coronavirus vaccine. The Covax global initiative is purchasing vaccine doses from Pfizer to distribute among its member nations. Advertisement Continue reading the main storyBiden keeps his focus on the pandemic, with more executive orders planned at delivering aid. Rather, he wants to impose his view, and that’s what he did through the use of these executive orders. And so I think the Biden Administration and President Biden were thinking, look, let’s do what we can to send that message.
Persons: Andrew M, Cuomo, Hilary Swift, “ We’re, , Caitlin M, “ We’ve, Christopher J.L, Murray, Biden’s, Nicolas A . Menzies, T.H, it’s “, Julie Bosman, we’re, Mary Altaffer, , ” Mr, Bill de Blasio, Biden, Mr, de, Trump, Jen Psaki, Johnson, Juliana Kim, Anthony Kwan, Jordan —, , Rogelio V . Solis, Rina Shah, It’s, Dr, Shah, Rochelle Walensky, Walgreens, James Estrin, Albert Bourla, Noah Weiland, Katie Thomas, Tafadzwa Ufumeli, ” Sharon Castillo, Bourla, Covax, Seth Berkley, Berkley, Anthony Fauci, it’s, Boris Johnson, we’ve, you’ll, John Sibley, Patrick Vallance, Vallance, Chris Whitty, that’s, We’ve, Anna Moneymaker, Donald J, Michael Barbaro, Sydney Harper, Eric Krupke, Lisa Chow, Chris Wood, michael barbaro, I’m Michael Barbaro, Joe Biden, Mike Shear, biden, — michael barbaro Mike, michael, he’s, They’ve, Joe Biden’s, Cesar Chavez, We’re, Donald Trump, , I’ve, let’s, Barack Obama, Mike, Trump’s, there’s, Obama’s, Donald Trump’s, michael barbaro We’ll, they’ve, michael barbaro Mike, you’ve, Astead Herndon, Obama, He’ll, hasn’t, it’ll, Mitch McConnell, nancy pelosi, That’s, Nancy Pelosi, Maggie Astor, Alan Rappeport, Jim Tankersley, Andrea Mantovani, Stella Kyriakides, Matina, anaphylaxis, Jim Wilson, Stefani Reynolds, Emmanuel Macron’s, Ma Xiaowei, Remy Tumin, Aurelien, Anthony S, Fauci, Doug Mills, President Biden, glowering, Denise Grady, Eli Lilly, Riccardo Antimiani, Daniel Skovronsky, Eli Lilly’s, Dave Chappelle, Owen Sweeney, Chappelle, Joe Rogan, Rogan, Zoltan Balogh, Viktor Orban, Orban, Ferenc Falus, Benjamin Novak, Evgeniy, ” Svitlana, Maria Varenikova, Thomas Peter, Muhibur Rahman, Gavi, Rahman, Julio Mazzoleni, Alexandra Stevenson, Germany’s, Filip Singer, Angela Merkel, Byambasuren, Khurelsukh Ukhnaa, Khurelsukh, Laura M, Adam Ferguson, The New York Times Laura M, Covid, Read, Lukas Coch Organizations: New, Pfizer, The New York Times, Johns Hopkins Bloomberg School of Public Health, Nationwide, New York Times, University of Washington’s Institute for Health Metrics, of Public Health, Centers for Disease Control, New York State, Associated Press New York State, Gov, Rochester, White House, BioNTech, Moderna, ., Hong, China Morning Post, Walgreens, Associated Press Walgreens, Covid, Federal, CVS Health, New York Times Pfizer, Food and Drug Administration, World Health Organization, European Union . Company, Getty Images Pfizer, Belgian, AstraZeneca, Sanofi, Covax, United, European Union, Tell, Reuters, Health Service, National Health Service, Astra, Agriculture, of Labor, Labor Department, Credit, Treasury Department, White, Trump, Trump . White, Resolute, Congress, Washington , D.C, Biden Administration, Trump Administration, Senate, Post, Paris Climate Accords, Accord, Affordable, United States Senate, Times, Republican, Daily, Union, The New York Times AstraZeneca, University of Oxford, European Medicines Agency, European, Philadelphia International, teleconference, Schools, National Health Commission, New York, House, National Institutes of Health, Associated Press, Austin, Russian, Sputnik, European Medicines Authority, Ukraine, Johnson, U.S ., Beijing, Lines, . Credit, Health, Shanghai, Vaccine Alliance, Health Organization, ” Daily, Agence France, Protesters, Mining, quicken, Pacific Islanders, Pacific Locations: New York, U.S, Beltzville, Lehighton, Pa, United States, Rivers, Britain, Ireland, South Africa, Brazil, Chan, Southern California, Florida, New York State, New York City, Buffalo, Hong Kong, Jordan, Jackson, Miss, Harare, Zimbabwe, Covax, Covid, Canada, London, England, Kent, Europe, Belgium, Washington ,, Mexico, China, Paris, Somalia, Yemen, bipartisanship, Puurs, European Union, Austria, Philadelphia, France, Latin America, Portugal, Beijing, Shanghai, China’s, , Italy, Austin , Texas, Ohio, Hungary, Budapest, Moscow, Brussels, Lviv, Ukraine, Associated Press KYIV, Hebei, Heilongjiang, Jilin, Shanxi, Shandong, Wuhan, Bangladesh, India, Pakistan, Meissen, Germany, , Ulaanbaatar, Mongolian, Mongolia, Australia, New South Wales, Victoria, Shutterstock, Pacific, Vanuatu, Northern Territory, Tasmania, Melbourne
CIUDAD JUAREZ (Reuters) - Dozens of asylum seekers crowded the U.S. port of entry in the Mexican border city of Ciudad Juarez on Thursday after U.S. President Joe Biden began his term in office by reversing many of former President Trump’s hardline immigration policies. Yet, even after being expelled back into Mexico, he and other asylum seekers expressed enthusiasm that their conditions would, sooner or later, improve under the new administration. “I’m happy with the new president of the United States, but I want to see him do what he promised to do,” Segreo said. Christian Ariel Pereira, a migrant from El Salvador who traveled with his wife and 4-year-old son and has been in Ciudad Juarez four months, said he was hopeful. “I had faith that he (Biden) was going to win and just as I had faith he was going to win, I also have faith he will fulfill everything he has promised,” he said.
Persons: Joe Biden, , , Angel Alejandro Segreo, ” Segreo, Gustavo, “ I’m, “ It’s, we’re, Tonatiuh Guillen, Biden, Christian Ariel Pereira Organizations: CIUDAD JUAREZ, Reuters, Biden’s Department of Homeland Security, Trump, Cuban, Central Locations: Mexican, Ciudad Juarez, Mexico, Central American, United States, U.S, Honduran, Tijuana, El Salvador
Runaway cost of oxygen tanks adds extra agony to pandemic in Mexico
  + stars: | 2021-01-21 | by ( Diego Oré | ) + 0.00   time to read: +4 min
MEXICO CITY (Reuters) - A shortage of oxygen tanks in Mexico City and a fourfold rise in prices for the life-saving gas are compounding the coronavirus crisis for the sprawling capital’s hard-hit inhabitants. FILE PHOTO: People queue to fill oxygen tanks for relatives infected with the coronavirus disease (COVID-19), as part of a city's government free refill program, at the municipality of Iztapalapa, in Mexico City, Mexico January 18, 2021. As a result, many people are finding it impossible to buy or rent the vital tanks for relatives suffering from COVID-19. Ricardo Sheffield, the head of national consumer protection agency PROFECO, said last week that oxygen tanks were available and that prices should be stable. Elsewhere in the country, the sheer desperation to find scarce oxygen tanks has taken reckless turns.
Persons: Toya Sarno Jordan, Eulogio Cruz, “ We’re, , Cruz, Ricardo Sheffield, PROFECO, Gustavo Madero, Alejandro Sampedro Organizations: MEXICO CITY, REUTERS, Reuters Locations: MEXICO, Mexico City, Iztapalapa, Mexico, COVID, United States, Brazil, India, Manaus, Brazil’s, skimp, city’s, , Sonora
TORONTO (Reuters) - Canada’s housing and mortgage agency can withstand home price declines of as much as 37% and an unemployment rate of 24%, results of a stress test released on Thursday by the government-backed corporation showed. Most of them are in the Alberta cities of Edmonton and Calgary, said Chief Risk Officer Nadine LeBlanc. Only in an implausible scenario that assumes no government pandemic support, a 48% home price decline and 25% peak unemployment would CMHC fail to cover insurance losses, LeBlanc said. The current unemployment rate is 8.6%, down from a 13.7% peak in May. But “government income support has really mitigated... what we were certainly seeing in our models in terms of outcome.”($1 = 1.2622 Canadian dollars)
Persons: Nadine LeBlanc, CMHC, ” LeBlanc, ” CMHC, LeBlanc, “ We’re Organizations: TORONTO, Canadian Mortgage and Housing Corporation Locations: Alberta, Edmonton, Calgary
BMW targets higher margins while investing in electric cars
  + stars: | 2021-01-21 | by ( Christina Amann | ) + 0.00   time to read: +3 min
FILE PHOTO: A logo of BMW is seen outside a BMW car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. The company will publish its 2021 margin target in March. Further consolidation is expected as carmakers struggle with electrification and investing in self-driving technology, but Peter said BMW could handle the transition. But because electric vehicles (EV) are expensive to develop and still account for a small portion of sales, they are less profitable for BMW, Peter said. “Those are the themes that have to be in focus,” Peter said.
Persons: Yves Herman Nicolas Peter, “ We’re, ” Peter, Peter, , Peter said, Organizations: BMW, Reuters, REUTERS, BMW’s, Daimler, PSA, Fiat Chrysler Locations: MUNICH, Brussels, Belgium, BMW’s Munich, China, Europe, San Francisco
“It’s embedded into the rights we have in the leases and we’re doing it the right way.”He said he expected the company’s federal lands permits would last at least four years. But several have issued public statements saying they have solid stockpiles of federal permits and an ability to meet tougher emissions regulations expected under Biden. They have also said they can quickly shift drilling to state or private acreage once federal permits dry up. “When it comes to access to federal lands, that’s one of the things we’re not really worried about in our business. States that rely heavily on revenues from federal oil and gas drilling are also ramping up opposition.
Persons: Joe Biden’s, Nick Oxford, Donald Trump’s, , , David Hager, Biden, EOG, Billy Helms, Ameredev, “ We’re, Parker Reese, Rystad, Biden’s, Don Law, Law, Mark Murphy, Mark Gordon, Michelle Lujan Grisham Organizations: Reuters, drillers, REUTERS, Devon Energy Corp, EOG Resources Inc, ExxonMobil Corp, Occidental Petroleum Corp, ConocoPhillips, Mewbourne Oil Company, Occidental, Energy, Total, U.S . Energy Department, Big Oil, Exploration Inc, Western Energy Alliance, WEA, New, Democratic Locations: Lea County , New Mexico, U.S, New Mexico, New, New Mexico , Colorado, Wyoming, Denver, Wyoming , New Mexico, North Dakota
(Reuters) - Union Pacific Corp, one of the largest U.S. freight railroad operators, on Thursday reported better-than-expected quarterly profit, bolstered by higher shipping volumes of grain, refrigerated food and drinks, and retail goods. FILE PHOTO: A Union Pacific rail car is parked at a Burlington National Santa Fe (BNSF) train yard in Seattle, Washington, U.S., February 10, 2017. Union Pacific, which ferries goods in and out of busy seaports in states like California and Texas, expects 2021 volume growth of 4-6%. Executives warned that the forecast depends on a successful COVID-19 vaccine roll out and other factors. Chief Executive Lance Fritz said Union Pacific will adapt to whatever 2021 brings.
Persons: Chris Helgren, ” Edward Jones, Jeff Windau, Lance Fritz, “ We’re, , Fritz Organizations: Reuters, Union Pacific Corp, U.S, Pacific, National, REUTERS, . Union Pacific Locations: National Santa Fe, Seattle , Washington , U.S, California, Texas, China
Wall Street pauses at record highs after Biden bounce
  + stars: | 2021-01-21 | by ( Devik Jain | Medha Singh | ) + 0.00   time to read: +3 min
FILE PHOTO: The New York Stock Exchange (NYSE) is seen in the financial district of New York, U.S., January 13, 2021. ET, the Dow Jones Industrial Average fell 15.14 points, or 0.05%, to 31,173.24 and the S&P 500 gained 1.89 points, or 0.05%, to 3,853.74. Energy, financial and industrial stocks, which have helped the S&P 500 rally 14% since the Nov. 3 presidential election, fell between 0.7% and 2.6%. Earnings at S&P 500 companies are expected to rise by 24% in 2021 after falling 15% in 2020, as per Refinitiv data as of Jan. 15. The S&P 500 posted 18 new 52-week highs and no new low, while the Nasdaq recorded 270 new highs and eight new lows.
Persons: Biden, Shannon Stapleton, “ It’s, we’re, , Ryan Detrick, Russell, underperformed, ” Detrick, Joe Biden Organizations: Reuters, New York Stock Exchange, REUTERS, Financial, Dow Jones, Nasdaq, Apple Inc, Inc, Netflix, , U.S . Senate, Communication, Energy, United Airlines Holdings Inc, Ford Motor, Deutsche Bank, NYSE Locations: New York, U.S, Charlotte , North Carolina
Russia jails conscript for 24-1/2 years for killing 8 in shooting spree
  + stars: | 2021-01-21 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
MOSCOW (Reuters) - A conscript who confessed to killing eight people in a shooting spree at a Russian military base was sentenced to 24-1/2 years in prison on Thursday. Ramil Shamsutdinov opened fire on servicemen at the base in the far eastern region of Zabaikalsk on Oct. 25, 2019. He said he was provoked to carry out the attack by violent hazing in the barracks. “For us the sentence is soft,” Anna Yevseeva, the wife of one of the victims, told the Life media outlet. Russia’s defence authorities have insisted that they have stamped out notoriously violent hazing practices that were rife in the Soviet and early post-Soviet eras.
Persons: Ramil Shamsutdinov, Anna Yevseeva, We’re, Shamsutdinov, , Organizations: Life Locations: MOSCOW, Russian, Zabaikalsk, Soviet
Dollar drops for third day on U.S. stimulus optimism
  + stars: | 2021-01-21 | by ( Gertrude Chavez-Dreyfuss | ) + 0.00   time to read: +3 min
FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration taken in Seoul February 7, 2011. That pushed the Norwegian crown higher versus the dollar, trading up 0.9% at 8.8045. In midmorning trading, the dollar index fell 0.3% to 90.11, after touching a nearly one-month high of 90.956 on Monday. The euro gained 0.5% against the dollar to $1.2159, rising as well versus the yen to 125.89 yen. That said, Wells Fargo’s Nelson thinks the dollar is due for a reversal from its current weak trend in the coming weeks.
Persons: Lee Jae, Christine Lagarde, Joe Biden’s, we’re, , Erik Nelson, Wells, Nelson, Sterling, Wells Fargo’s Nelson, Biden, ” Nelson, bitcoin Organizations: YORK, REUTERS, European Central Bank, ECB, Democratic, Bank of Canada, Tiff, Australian, New Locations: Seoul, New York, Norwegian, New Zealand
Opinion | The Corrupt, the Clueless and Joe Biden
  + stars: | 2021-01-21 | by ( Paul Krugman | ) sentiment -1.00   time to read: +2 min
Mitt Romney deserves a lot of credit for standing up to the authoritarians who dominate his party. After the inauguration, Romney expressed opposition to a new economic relief package, declaring: “We just passed a $900 billion-plus package. But that’s an utterly clueless remark, indicating that he doesn’t understand what Biden’s proposed package is all about. While coronavirus relief legislation is often called “stimulus,” that’s not what Biden is trying to do. So how is it that Romney, who definitely isn’t a stupid man, doesn’t understand the most basic aspects of pandemic economics?
Persons: they’ll, Mitt Romney, Donald Trump, Biden, Harris, Mitch McConnell, Romney, , he’s, that’s, we’re Organizations: Republican Locations: America, Massachusetts
“It’s hard to unify when we’re not able to make our argument because of the cancel culture.”Mr. Trump’s defenders said Mr. Biden should call congressional Democrats and tell them to back off. Democrats scoffed at that suggestion, maintaining that unity does not mean that accountability should be sacrificed. “I don’t think it’s very unifying to say, ‘Let’s just forget it and move on.’ That’s not how you unify,” Speaker Nancy Pelosi told reporters. “You don’t say to a president, ‘Do whatever you want in the last months of your administration. “That’s why ultimately our plan is based on unity and all of us acting as one nation.”
Persons: Biden, Pramila Jayapal, , he’s, , Trump, Biden’s, “ I’ve, they’re impeaching, who’s, Jim Jordan of, Trump’s, we’re, Mr, Lindsey Graham, Ted Cruz of, Josh Hawley, ‘ Let’s, ’ That’s, Nancy Pelosi, , Organizations: Washington State, Congressional Progressive Caucus, Republican Party, Republican, Fox News, scoffed, Democratic, Electoral Locations: Jim Jordan of Ohio, South Carolina, Ted Cruz of Texas, Josh Hawley of Missouri, United States
U.S. President Joe Biden's inaugural address
  + stars: | 2021-01-20 | by ( Reuters Staff | ) + 0.00   time to read: +14 min
WASHINGTON (Reuters) - Following is the inauguration speech as prepared for delivery by Democrat Joe Biden, who was sworn in as president of the United States on Wednesday:U.S. President Joe Biden speaks during the 59th Presidential Inauguration in Washington, U.S., January 20, 2021. Through a crucible for the ages America has been tested anew and America has risen to the challenge. It’s taken as many lives in one year as America lost in all of World War Two. To overcome these challenges – to restore the soul and to secure the future of America – requires more than words. Today, we mark the swearing-in of the first woman in American history elected to national office – Vice President Kamala Harris.
Persons: Democrat Joe Biden, Joe Biden, Toni L, Sandys, Carter, George Washington, , , Abraham Lincoln, , King, Kamala Harris, Saint Augustine, we’re, It’s Organizations: WASHINGTON, Democrat, REUTERS, America, Union, Arlington National Cemetery, . Security, Liberty, America America, U.S Locations: United States, Washington , U.S, America, Washington, United States of America, Potomac, Arlington
Canada annual inflation rate slows to 0.7% in December
  + stars: | 2021-01-20 | by ( Reuters Staff | ) sentiment -0.96   time to read: +1 min
TORONTO (Reuters) - Canada’s annual inflation rate slowed to 0.7% in December, down from a year-over-year increase of 1.0% in November, on lower air transportation prices and reduced food price growth, Statistics Canada said on Wednesday. FILE PHOTO: A Canadian dollar coin, commonly known as the "Loonie", is pictured in this illustration picture taken in Toronto January 23, 2015. REUTERS/Mark BlinchAnalysts polled by Reuters had expected the annual rate to remain at 1.0% in December. STORIES:Market reaction: CAD/Link: hereCOMMENTARYRYAN BRECHT, SENIOR ECONOMIST, ACTION ECONOMICS“The slowing in total and core CPI growth supports the BoC’s view that current accommodation will remain in place until 2023. So we’re not terribly surprised to see the negative month-over-month number on CPI.”“It’s nothing terribly alarming on the headline number.
Persons: Mark Blinch, RYAN BRECHT, ” ANDREW KELVIN, we’re, Organizations: TORONTO, Statistics, REUTERS, Reuters, ACTION, CANADA Locations: Statistics Canada, Toronto
Bank of England's Bailey expects 'pronounced recovery' for economy
  + stars: | 2021-01-20 | by ( Reuters Staff | ) sentiment -0.99   time to read: +2 min
FILE PHOTO: Bank of England Governor Andrew Bailey poses for a photograph on the first day of his new role at the Central Bank in London, Britain March 16, 2020. Tolga Akmen/Pool via REUTERSLONDON (Reuters) - Bank of England Governor Andrew Bailey said on Wednesday he expected a “pronounced recovery” in Britain’s economy as the country moves ahead with vaccinating its population against COVID-19. “I really do think that we are going to see a pronounced recovery in the economy as the vaccination programme, as it is doing now, rolls out,” Bailey said in an online event organised by the BoE. Bailey’s comments came a day after the BoE’s Chief Economist Andy Haldane said he expected Britain’s economy to begin to recover “at a rate of knots” from the second quarter of this year. Bailey said the impact of lockdowns on Britain’s economy seemed to be diminishing, but the current one would still deliver a big blow.
Persons: Andrew Bailey, Tolga, , ” Bailey, BoE, Andy Haldane, Bailey, “ We’re Organizations: Bank of England, Central Bank, REUTERS LONDON, COVID Locations: London, Britain, COVID, Europe
Bank of England's Bailey sees pronounced lockdown hit in Q1
  + stars: | 2021-01-20 | by ( Reuters Staff | ) + 0.96   time to read: 1 min
LONDON, Jan 20 (Reuters) - Bank of England Governor Andrew Bailey said on Wednesday that the impact of lockdowns on Britain’s economy seemed to be diminishing but the impact of the current one would still be pronounced. Bailey said the share of retail sales that had moved online rose sharply in 2020 as consumers and businesses adjusted to social distancing rules“We’re expecting however, obviously, quite a pronounced effect in the first quarter because this lockdown is obviously again necessarily a severe one,” Bailey said in an online discussion organised by the BoE. (Reporting by David Milliken Writing by William Schomberg)
Persons: Andrew Bailey, Bailey, “ We’re, ” Bailey, BoE, David Milliken, William Schomberg Organizations: LONDON, Bank of England
As economists reflect on President Donald Trump’s economic legacy, the pandemic is undoubtedly front and center. “The major drivers of economic growth over time are population growth and technological improvements. “Trump’s trade policy was dictated by his personal belief that tariffs are good and trade wars are easy to win, and that China is paying all these tariffs. That is demonstrably wrong, and this unilateral imposition of trade tariffs not just on China but on American allies has been a total, abject failure,” Kirkegaard said. Economic output expanded, but at a rate that fell far short of the 4 percent GDP growth Trump had promised.
Persons: Donald Trump’s, Trump, , Jamie Cox, ” Cox, Peter Essele, Joe Biden, Sam Stovall, ” Daniel Zhao, , ” Essele, Donald Trump, Scott Paul, Jacob Kirkegaard, Kirkegaard, Biden, ” Kirkegaard, We’re, that’s, “ It’s, Eric Toder, Essele, Covid, “ We’ve, ” Toder Organizations: Harris Financial, Wall, Federal, Commonwealth Financial Network, CFRA Research, Glassdoor, Industry, ” Alliance for American Manufacturing, Trump, Peterson Institute for International Economics, U.S, Urban, Brookings Tax, Center, Tax Foundation, Treasury Locations: America, U.S, China, United States, Mexico, Canada
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