US job growth unexpectedly softened in April from the prior month as employers found it difficult to attract workers, a development that’s holding back momentum in the labor market. Bloomberg | PUBLISHED ON MAY 07, 2021 06:42 PM IST Discover what’s driving the global economy and what it means for policy makers, businesses, investors and you with The New Economy Daily. Sign up here.U.S. job growth unexpectedly softened in April from the prior month as employers found it difficult to attract workers, a development that’s holding back momentum in the labor market.Payrolls increased 266,000 after a downwardly revised 770,000 March increase,…
Author: Mike Harrison
Prime Minister Boris Johnson on Friday welcomed early election results in Britain’s first major vote since Brexit and the pandemic, including a stunning by-election victory for his Conservative party in an opposition Labour stronghold.The “Super Thursday” local and regional contests could reshape the UK as pro-independence forces in Scotland, where voting for the devolved parliament was also held, bid to break away.Results in Scotland are due on Saturday.But in the first results from England on Friday, the Conservatives were performing strongly in various regions and won by a landslide in the northeast parliamentary seat of Hartlepool, in a bitter blow…
Former Maldives president Mohamed Nasheed was in a “critical” condition on Friday following an assassination attempt, doctors said.Nasheed, 53, the Maldives’ first democratically elected president and still an important figure in the island nation’s murky politics, was rushed to hospital after an explosion late Thursday.Since then he has undergone 16 hours of life-saving operations in the capital Male for injuries to his head, chest, abdomen and limbs.The private ADK hospital said Friday evening that Nasheed was “in a critical condition in intensive care”.In a televised address to the nation, President Ibrahim Mohamed Solih announced that a team from the Australian…
Robert Franklin, an iPhone 6 user, decided to sue Apple after his smartphone exploded because of an alleged battery defect. The iPhone 6 user, who lives in Texas, United States, said that he was looking for a class-action lawsuit against the tech giant manufacturer. (Photo : Photo by Sean Gallup/Getty Images)A shopper ltries out the new Apple iPhone 6 at the Apple Store on the first day of sales of the new phone in Germany on September 19, 2014 in Berlin, Germany. Hundreds of people had waited in a line that went around the block through the night in order…
Lobbying by Poland and Hungary has led to the removal of the phrase “gender equality” from a draft declaration on advancing social cohesion that the EU is due to publish on Friday, according to diplomats and documents seen by Reuters.Poland’s nationalist ruling Law and Justice party (PiS) and its eurosceptic ally, Hungarian Prime Minister Viktor Orban, promote what they call traditional social values at home and have repeatedly clashed with their more liberal Western peers over the rights of women, gays and migrants.The two countries opposed mentioning “gender equality” directly in the draft prepared for discussion by the bloc’s 27…
The new controls will apply regardless of whether a visitor has been vaccinated and the first 10 days of quarantine will be in a government-accredited facility and the remainder at home, Presidential spokesman Harry Roque said in a briefing. Reuters | PUBLISHED ON MAY 07, 2021 06:04 PM IST Travellers entering the Philippines will be required to undergo 14 days of quarantine, up from a week previously, as authorities try to contain more infectious coronavirus variants, the presidential spokesman said on Friday.The new controls will apply regardless of whether a visitor has been vaccinated and the first 10 days of…
The EMA and other regulators are already reviewing the possibility of rare blood clotting conditions with Covid-19 vaccines, including AstraZeneca’s. Reuters | PUBLISHED ON MAY 07, 2021 06:02 PM IST Europe’s medicines regulator said on Friday it was reviewing reports of a rare nerve-degenerating disorder in people who have received AstraZeneca’s Covid-19 vaccine, and requested more detailed data on the cases from the company.As part of a regular review of safety reports for the vaccine, Vaxzevria, the European Medicines Agency’s safety committee is analysing data provided on cases of Guillain-Barre syndrome, the regulator said.The EMA is also looking into reports…
British officials could declare one of the new coronavirus strains first found in India a “variant of concern”, the BBC said on Friday, as scientists flagged evidence that it spreads more quickly than the original version of the virus.Scientists have recommended that one version of the variant first found in India, known as B.1.617.2, is designated a “variant of concern”, the BBC said, adding more than 500 cases of the variant had been recorded, up from 202 last week.Public Health England (PHE), which postponed publication of its weekly data on variants on Thursday, had no immediate comment on the report.Jeff…
New research claimed that perovskite solar cell is the answer to make more efficient and cheaper solar panels. If you don’t have any idea about this material, it is currently being studied to make new types of solar cells, the devices that convert light into electric energy. (Photo : Photo by Sean Gallup/Getty Images)Wind turbines stand behind a solar power park on October 30, 2013 near Werder, Germany. The German Social Democrats (SPD) and Christian Democrats (CDU and CSU) are currently in the midst of negotiations to form a new German government and renewable energy policy is among their main…
While US President Joe Biden’s administration announced its support for a waiver on patent protections for vaccines against the coronavirus disease (Covid-19), some experts are apprehensive about the impact on vaccine production in the near future. India and South Africa were the first to submit a proposal to the World Trade Organisation (WTO), suggesting a waiver for all members of the trade body on the implementation, application and enforcement of certain provisions of a 1995 intellectual property (IP) rights agreement in order to boost Covid-19 prevention, containment or treatment.As the second wave of Covid-19 ravaged India’s healthcare infrastructure, calls to…