Euro zone bond yields barely budged on Thursday, with debt markets focused on the European Central Bank's first meeting of the year, coming against a backdrop of growing challenges for the bloc's economy. The ECB will announce its rate decision at 1245 GMT and is widely expected to keep its deposit rate unchanged at -0.5%. Since then, many European countries, including France and Germany, have tightened or extended coronavirus lockdown restrictions, casting doubt over the economic outlook for the euro zone.
Tom Blomfield cofounded Monzo in 2015 and was chief executive until last year. He will leave day-to-day operations at the end of the month.
The European Central Bank is widely expected by analysts to keep its easy money policy unchanged on Thursday but hold the door wide open to further stimulus as the spreading second wave of COVID-19 dims an already weak outlook. Having extended stimulus well into next year with a massive support package in December, ECB policymakers are keen to pass the baton to governments and fiscal policy to keep the euro zone economy afloat until normal business activity can resume. But fresh lockdowns, a slow start to vaccinations across the 19 countries that use the euro, and the currency's strength will increase headwinds for exporters, challenging the ECB's forecasts of a robust recovery starting in the second quarter.
The "Global Chronic Kidney Disease Clinical Trial Pipeline Highlights - 2021" report has been added to ResearchAndMarkets.com's offering.
BAGHDAD — Twin suicide bombings hit Iraq’s capital Thursday killing at least six people and wounding at least 25 others, police and state TV said. Three police officials said two explosions hit a commercial centre in central Baghdad. Iraqi state television reported they were suicide bombings. Many of the wounded were in serious condition and there was property damage. The police officials spoke on condition of anonymity in line with regulations. The bombings are the first in years to target Baghdad's bustling commercial area. They come amid heightened political tensions as Iraq looks to have early elections in October. The perpetrators were not immediately known. Iraq has seen attacks perpetrated by both the Islamic State group and militia groups in recent months. Militias have routinely targeted the American presence with rocket and mortar attacks, especially the U.S. Embassy in the heavily fortified Green Zone. The pace of the attacks has decreased since an informal truce was declared by Iran-backed armed groups in October. The Islamic State group has perpetrated similar attacks in the past but has rarely been able to target the capital since being dislodged by Iraqi forces and the U.S.-led coalition in 2017 battles. Murtada Faraj, The Associated Press
Football transfer rumours: Willian José to Wolves? Divock Origi to Inter?Today’s tittle-tattle has done a Dave Beasant
DNA Payments Group (DNA), a fast-growing vertically integrated payments company, acquired Active Merchant Services (also known as Active Payments) a UK-based independent sales organisation with more than 2,500 merchants. This acquisition brings DNA’s customer base to c. 30,000 merchants and 57,000 terminals in the UK and EU with the actual processing volumes of transactions to over £5.5 billion per annum. This transaction marks DNA’s third acquisition in the last 14 months as it plans to further expand in its core markets with more acquisitions in different segments of payments value chain planned for this year.
Ever wondered in which country taxpayers pay the highest income taxes?Based on the principle of public responsibility, contributions of wealthier citizens provide the minimum provisions for the poorer population.In 2020, the highest income earners in Sweden paid a whopping 57.19%, making it the highest tax paying country in the world. Generally, income taxes are higher in the Nordic countries.While taxes are high in these countries, you cannot dispute the fact that the governments of these countries also provide their citizens the best in class public facilities and infrastructure. And the cleanliness maintained is reflection of the tax utilisation.Take a look at where India stands in terms of countries paying highest taxes.Source: World Economic Forum, Investopedia, Agencies
Almost 200 flood warnings remained in place across England on Thursday morning.
Flipkart and Aditya Birla Fashion had announced the agreement in October 2020 in which Aditya Birla Fashion would be issuing a 7.8 percent stake to Flipkart on a preferential basis.
Portugal international Ronaldo registered the 760th strike of a remarkable career during Juventus’ Italian Super Cup victory against Napoli.
Asian stocks hit a record high, Europe opened higher and US futures were in the green after Joe Biden promised unity and traders looked to his stimulus plans.
‘My colleagues always kid me about quoting Irish poets all the time. They think I do it because I’m Irish,’ Joe Biden had said in December, 2013
Some firms are encouraging staff who are working from home to take their lunch breaks together.
Kolkata (West Bengal) [India], January 21 (ANI): West Bengal BJP chief Dilip Ghosh on Thursday urged the Election Commission of India (ECI) to deploy Central Forces in the state at the earliest claiming there is a 'sense of fear' among people ahead of elections.
A once makeshift hospital in the Chinese city of Wuhan has been turned into a huge museum. On display is the city's battle, and ultimate triumph, over the coronavirus pandemic. The Parlor Convention Centre is now a centrepiece of China's propaganda push to control the narrative about the virus. The exhibition includes mannequins wearing PPE, photographs of doctors and nurses, and signed medical overalls. There's a whole wall devoted to those who lost their lives on the frontline, including Li Wenliang, the whistleblower doctor who issued an early warning about the outbreak and was reprimanded by authorities. Plenty of space is also dedicated to quotes, photos and videos of Chinese President Xi Jinping, who visited toward the end of the city's lockdown. Museum goers said they were proud of the Wuhan's resilience and cohesiveness: "It is very powerful to see that so many people from all across our country came to support Wuhan. This sort of unity, especially when I was studying abroad, it's hard to see this kind of cohesiveness exist in other countries. This is something very different." "I think the people of Wuhan have been through a lot and they really are amazing. They sacrificed their freedoms during Wuhan's lockdown. They contributed a lot to China's fight against the pandemic. Wuhan is believed to be where the pandemic began. In December 2019, the first cases of COVID-19 were detected there, and a month later the city of 11 million people was locked down in an effort to stem the spread of the disease. A team of scientists from the World Health Organisation arrived in Wuhan last week to start their much anticipated and delayed investigation into the origins of the pandemic. Life has largely gone back to normal in the city, but in China's northeast, it's a different story. Tens of millions of people have been put under a new lockdown as the region battles its worst wave of new infections since March 2020. Worldwide, more than 2 million people have now died from the disease.
Razorpay said it witnessed a decline of 30 percent in digital payments initially during the lockdown, but after the first 70 days of the national lockdown, digital payments rebounded by 23 percent.
In a flurry of executive orders signed just hours after taking office on Wednesday, President Joe Biden has already committed the United States to rejoining the Paris climate accord, blocked an oil pipeline project, and ordered a halt to Arctic drilling. And that's just the start for the man who has promised to undo four years of environmental harm caused by his predecessor, Donald Trump. Biden faces a tough task.The new US leader will have to rebuild the credibility America lost in the eyes of the international community, by setting concrete goals for the reduction of carbon emissions on the path to net zero by 2050.He'll also need to realise his $2 trillion climate plan, which would place green action at the heart of the economy and US recovery from the Covid-19 pandemic, while ensuring a long-term shift that can't be rapidly undone under any future Republican president.Biden has promised to convene the leaders of major economies for a climate summit within 100 days of his inauguration.UN, France praise early actionAlong with the executive orders signed on Wednesday, the Biden administration submitted a letter to the UN to formally trigger the 30-day process to reenter the Paris climate agreement.UN Secretary-General Antonio Guterres welcomed the action and the prospect of "the leadership of United States in accelerating global efforts towards net zero" emissions, calling on the US leader to adopt an "ambitious" plan to fight global warming.French President Emmanuel Macron lauded Biden's decision to return to the accord, telling him "welcome back" in a congratulatory message.Biden also scrapped the Keystone XL pipeline connecting the Alberta oil sands to coastal refineries in Texas -- a move that threatens to strain ties with Canada.Canada's Prime Minister Justin Trudeau, has vowed to "work together to advance climate action and clean economic growth." The two leaders are due to speak Friday.Contracts for renewable energyBeyond Paris, the US federal government has numerous levers at its disposal, from imposing strict methane limits on new oil and gas infrastructure, to gearing federal contracts towards renewable energy and zero-emissions vehicles.The Trump administration took an axe to a host of environmental regulations, and a fact sheet sent to reporters from the new administration vowed to "immediately review and take appropriate action" on all these measures.Biden on Wednesday also placed a temporary moratorium on drilling in the Arctic National Wildlife Refuge, where Trump's administration had issued leases on its last full day in office.Planet gets majority supportA survey conducted after the election and published last week by the Yale Program on Climate Change Communication found a majority of voters from both Republican and Democrat backgrounds support policies to reduce carbon pollution and promote clean energy.Fifty-three percent of voters said that global warming should be a high or very high priority for the president and Congress, while 66 percent said that developing sources of clean energy should be a high or very high priority.
President Joe Biden returns to work at the White House, Dr. Fauci to deliver a speech to WHO and more things to start your Thursday.
Women everywhere are turning on their curling irons