9.56 am: Credit Suisse Group AG’s 2020 Global Wealth Report released on Thursday reveals that household wealth largely held up and even i...
9.56 am: Credit Suisse Group AG’s 2020 Global Wealth Report released on Thursday reveals that household wealth largely held up and even increased in China and India amid the coronavirus crisis, reports Bloomberg.
“Given the damage inflicted by Covid-19 on the global economy, it seems remarkable that household wealth has emerged relatively unscathed,” says economist Anthony Shorrocks, one of the report’s authors.
9.52 am: France Prime Minister Jean Castex has announced that an overnight curfew will be extended to dozens more areas to slow the spread of coronavirus, reports BBC. “The coming weeks will be hard and the number of deaths will continue to rise,” Castex told a press conference on Thursday. “If we fail to stop the pandemic, we will be facing a dire situation and we will have to mull much tougher measures.”
9.50 am: Russia’s Sputnik-V coronavirus vaccine will be tested in India on 100 volunteers, says the Drugs Controller General of India, according to ANI.
Russia’s sovereign wealth fund, the Russian Direct Investment Fund or RDIF, and Dr Reddy’s had agreed to collaborate on the clinical trials and distribution of the Sputnik V vaccine in India in September. Under the partnership, Dr Reddy’s will conduct the clinical trials, and subject to regulatory approval, distribute the finished vaccine in India....
