Exclusive: U.S. will allow two companies to ship Venezuelan oil to Europe
The volume of oil Eni and Repsol are expected to receive is not large, one of the people said, and any impact on global oil prices will be modest.
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The Queen’s Jubilee long weekend, which (according to The Royal Mint) means “shared lunches, street parties and concerts.”
We’re not so sure about the whole “shared lunches” thing, but we are sure there will be plenty of celebration here in the UK.
Platinum Jubilee: Crowds cheer Queen at the palace as Jubilee begins
Senior royals gathered on Buckingham Palace balcony for the first time since the pandemic
Signal and Telegram downloads surge after WhatsApp says it will share data with Facebook
Downloads of privacy-focused messaging apps Signal and Telegram got a boost as users looked for alternatives to Facebook-owned WhatsApp.
The surge comes after WhatsApp updated its terms of service agreement that appears to give users little choice to opt out of sharing data with parent company Facebook.
Signal claims to have “state-of-the-art end-to-end encryption” as part of its service, which prevents messages from being read by those who are not the intended recipient.
Moderna looks to test Covid-19 booster shots a year after initial vaccination
Moderna is planning to test the safety and immune response from giving a booster shot of its Covid-19 vaccine one year after initial vaccination.
The duration of protection from Covid-19 vaccines isn’t yet known.
Its clinical trial sites have already begun outreach to volunteers from earlier trials.
China’s economic recovery from the coronavirus will lift its neighbors in Asia, says Invesco
Economies in Asia are set to benefit as China’s shows a strong rebound from the coronavirus pandemic, says Invesco’s David Chao.
In particular, the focus is on “whether the Chinese consumer can quickly return back to normalized activity,” Chao said.
Chao’s comments came after recent data showed China’s manufacturing activity expanded in September, pointing to a continued recovery for the world’s second-largest economy.
Lyft reports dramatic revenue drop of 61% but points to uptick in rides in July
Ride-hailing company Lyft reported results for the period ending June 30, 2020, its first full quarter during the Covid-19 pandemic.
The company just beat analysts’ expectations with losses per share of 86 cents (adjusted) and revenue of $339 million.
Wall Street was expecting losses of 99 cents per share (adj.) and revenue of $336.8 million for the quarter, according to a consensus of analysts surveyed by Refinitiv.
Beirut death toll rises to at least 135 as explosion is blamed on 2,750-ton ammonium nitrate stash
The explosion, which blew out windows and destroyed property for miles around, has been initially blamed on 2,750 tons of ammonium nitrate stored in an unsecured warehouse at Beirut’s cargo port.
But the government subsequently announced an investigation to determine within five days the exact cause of the explosion and “who was responsible.”
The immediate crisis in homelessness, health, overwhelmed medical services and destroyed property and businesses comes on top of an already crippled economy, the coronavirus pandemic and regional tensions.
Millennials are piling into stock trading in Asia. Here’s how to make the most of your money
Last week, major U.S. indices recorded their best quarter in decades. The Dow Jones closed up 17.77% on June 30 to notch its best three months since 1987. The S&P 500 ended up 19.95%, a high not seen since 1998. The Nasdaq finished higher by 30.63%, its greatest gain since 1999.
New strain of flu found in China has potential to become a pandemic, scientists warn
The new strain has descended from the type of flu (“swine flu”) that emerged in 2009 causing the first global flu pandemic in 40 years.
As with swine flu, however, the new strain has been identified as having “all the essential hallmarks of a candidate pandemic virus.”
The new strain of flu should be monitored closely, scientists say.
