Dollar Down Over Rising COVID-19 Numbers, Biden Power Transfer Concerns
By Administrator_ India Capital Sands The U.S. Dollar Index Futures that tracks the greenback against a basket of other currencies inched down 0.04% to 92.502 by 10:13 PM ET (2:13 AM GMT). Moderna Inc reported a 94.5% efficacy rate for its candidate mRNA-1273 on Monday on the back of its large, late-stage phase III COVE study. The […]
Russia’s COVID-19 vaccine Sputnik V makes headway in India
By Administrator _India Capital Sands The Drug Controller General of India on October 17 gave Dr Reddy’s Laboratories the permission to conduct late-stage clinical trials for Russia’s COVID-19 Sputnik V vaccine in the country. The nod came after the Hyderabad-based company submitted a reworked application to the Drugs Controller General of India (DCGI) on October 13 with more information […]
India expected to have Covid vaccine by early next year
By Administrator_ India Capital Sands India is expected to have a Covid-19 vaccine from more than one source by early next year and the government is formulating distribution strategies for the immunisation of people across the country, Union Health Minister Harsh Vardhan said on Tuesday. Vardhan had earlier said a Covid-19 vaccine is likely to be available […]
Oil prices steady amid return of supply, while COVID-19 lockdowns tighten
By Administrator _ India Capital Sands Oil prices were steady in early trade on Tuesday, sitting on losses of nearly 3% from the previous session after supplies began to resume in Norway and the U.S. Gulf of Mexico and Libya resumed production at its largest oilfield. The return of supply comes as resurgent COVID-19 infections […]
Oil slips as surge in virus cases cloud demand recovery
By Administrator_India Capital Sands Oil prices dipped on Monday as rising coronavirus cases upset hopes for a smooth recovery in fuel demand, with the main crude benchmarks on track for their first monthly falls in multiple months after last week’s slips. Brent crude fell 23 cents, or 0.6%, to $41.69 a barrel by 0243 GMT […]
Covid-19: UK inflation eases to 0.2% on temporary steps to aid spending
By Administrator_India Capital Sands The U.K. inflation rate fell to the lowest since 2015 last month, driven by government tax cuts and other stimulus designed to dig the economy out of the depth of the coronavirus crisis. The reading of 0.2% was slightly higher than the zero forecast by economists, although the drop from July’s reading of 1% was still the […]
Singapore Airlines plans to cut 4,300 jobs due to Covid-19 pandemic
By Administrator_India Capital Sands Singapore Airlines Group said Thursday it will eliminate 4,300 jobs due to the “long road to recovery” for the global aviation industry battered by the coronavirus pandemic. The group said in a statement it will cut the positions across Singapore Airlines, regional arm SilkAir and budget unit Scoot. After taking into account a recruitment […]
India overtakes Brazil as country second-worst hit by COVID-19
By Administrator_India Capital Sands India, with a daily record 90,802 cases on Monday, also has the fastest-growing case load. The United States, with more than 6 million cases, remains the worst-affected country. India’s coronavirus infections surged past 4.2 million on Monday as it overtook Brazil to become the country with the second-highest number of cases. […]
Indian embassy in Moscow in touch with developer of Russia’s COVID-19 vaccine Sputnik V
By Administrator_India Capital Sands Days after Russia introduced a COVID-19 vaccine, the Indian embassy in Moscow is reportedly in contact with the medical research institute that has developed Sputnik V vaccine. Sputnik V has been developed by the Gamaleya Research Institute of Epidemiology and Microbiology along with the Russian Direct Investment Fund. According an Indian […]
Britain outpaces Italy with Europe’s highest official coronavirus death toll
By Ritu, Capital Sands Britain has overtaken Italy to report the highest official death toll from coronavirus in Europe with more than 32,000 deaths, figures released on Tuesday showed. The high death toll could increase political pressure on Prime Minister Boris Johnson, who waited longer than other European leaders to order a lockdown to curb […]