Tag Archives: Policy

Germany Doubled Covid-19 Kick Speed ​​Amid Surging Cases | Instant News

Germany has doubled the pace of its Covid-19 vaccination after a slow start, as it battles a third wave of the virus that threatens a flood of medical facilities.

The country delivered about 720,000 doses on Thursday, the fourth consecutive daily record, thanks to a surge in vaccinations at doctors’ offices. That pace will continue for much of April as a network of about 35,000 GPs receives 1 million more doses every two weeks – and even more after that.

“We are on a good track with vaccinations,” Health Minister Jens Spahn said Friday at a press conference in Berlin.

Germany’s impetus for inoculation comes as authorities try to check for an increase in infections that are increasing pressure on intensive care units. Chancellor Angela Merkel has called for stricter restrictions, but faces opposition from some of the 16 regional leaders, who disagree about the steps needed to prevent more infections and deaths.

The two sides appeared to have forgotten some of their differences on Friday, with Merkel’s government announcing a deal with the state prime minister and members of the ruling coalition parliament to update Germany’s infection protection laws.

The changes will establish national rules under which restrictions must be imposed locally if the seven-day incident rate rises above 100 per 100,000 people, Merkel’s spokesman, Ulrike Demmer, told a news conference in Berlin. A meeting planned for Monday to discuss the next steps in the pandemic strategy has been canceled and the law will be signed by Merkel’s cabinet on Tuesday, Demmer said.

“It makes sense that the rules are set for the whole country,” Finance Minister Olaf Scholz told reporters. “Then you don’t have to meet every two weeks for further talks, as defined in law thanks to joint efforts by the federal and regional governments.”

Surge shot

Germany’s Covid-19 vaccines have surged after a slow start

Source: Robert Koch Institute, German Ministry of Health

With only about 15% of Germany’s 83 million people having received Covid injections, tighter restrictions are needed to prevent overloading of hospitals, Merkel said.

Some regions failed to implement the restrictions agreed upon with their governments, prompting them to threaten to seize central control of pandemic policy.

Germany’s Covid-19 incidence rate started rising again around mid-February, although its steady rise appeared to be checked during the Easter holidays.

Read more: Merkel Block Pushing for More Central Power Over Virus Strategy

Spahn, who also called for stricter lockdown restrictions, said on Friday that Germany would be able to comprehensively vaccinate the population by mid-summer. Allowing the country’s health system to become overloaded so close to achieving that would make no sense, he said.

“Do we want to test the limits? Do we want to test what countries can handle, in emergency situations, in intensive care units? What kind of thought is that? “Said Spahn.

While some have called for restrictions to be eased as inoculation programs escalate and the weather warms up – and people grow tired of measures that have been in place for about half a year – Spahn is urging people to stick around longer. .

“It’s about weeks, months with each other, to continue to avoid the health system overload that we’ve been able to avoid over the past 12 months,” he said. And yes, I suffered just like everyone else. I want out too. I want a daily routine too. And I want to celebrate, and I want to eat out and I want to shop. “

Stubborn Plague

Germany’s coronavirus transmission rates have been above key levels

Source: Robert Koch Institute

The head of the association representing the intensive care sector said Friday morning that the situation in German hospitals was “very dramatic” and ICU staff were “very worried.”

Gernot Marx, president of the DIVI association, told ZDF that there will be more than 5,000 Covid-19 patients in intensive care by the end of this month.

“This is a very high number and what is really worrying is how few free beds are,” said Marx. Many staff have indicated that they plan to leave the profession after the pandemic due to work pressure, he added.

“We really need a tight lock,” said Marx. “It makes absolutely no sense to think about an opening, instead we should lower the infection rate.”

– With the help of Chris Reiter, and Naomi Kresge

(Update with Scholz comments in the seventh paragraph)


image source

Australia’s Central Bank Holds On as Housing Surge Comes To The Future | Instant News

Australia’s central bank kept its main policy instrument unchanged on Tuesday after easing global bond selling and as the impact of record low interest rates on asset markets was in focus.

Reserve Bank of Australia governor Philip Lowe and his board held cash interest rates and a three-year yield target at 0.10% and made no changes to the longer bond-buying program. The central bank on Friday released its semi-annual financial stability review that is likely to hone lending and housing.

“Given the conditions for rising house prices and low interest rates, banks will monitor housing lending trends carefully,” Lowe said in a statement a statement. “It is important that the loan standard is maintained.”

Heat Properties

Australian house prices rose the most in 32 years

Source: CoreLogic Inc.

Australian house prices jumped by March most since 1988 as the economic recovery and cheap mortgages attract buyers back into the market. The RBA has been able to return to its regular bond-buying regime due to the trading of soaring yields, a turnaround accompanied by depreciation in the local currency that will please policymakers.

What Bloomberg Economics Says …

“The RBA’s focus on credit growth is too optimistic in our view. Soaring loan approvals and taking on housing substitution means an acceleration in credit growth will emerge in the coming months – potentially leaving the RBA and APRA behind in terms of policy response. “

– James McIntyre, economist

Lowe is scheduled in the next few months to decide whether to keep the April 2024 bond as the bank’s YCC target, or to extend it to maturity November 2024. He reiterated in today’s statement that the board will consider whether to do this later in the year.

Governor noted that the central bank’s first A $ 100 billion ($ 76.5 billion) long-term bond purchase is nearing completion and a second program of the same amount will begin next week.


image source

Governor for effective policies to increase cotton production | Instant News

LAHORE: The Agricultural Committee chaired by Governor Ch Muhammad Sarwar has recommended increasing the price of cotton per 40kg to Rs 5,000 and providing direct subsidies to cotton farmers.

Chairperson of the CPEC Authority Asim Saleem Bajwa, Minister of Agriculture Syed Hasnain Jahanian Gardezi and others participated in the committee meeting which was held at the Jakarta Governor’s Building, Saturday.

The meeting he chaired discussed problems faced by cotton farmers and their solutions, including providing assistance to farmers. Federal Minister for Food and National Research Syed Fakhr Imam joined the meeting via video link. In his remarks, Governor Ch Muhammad Sarwar said that an effective policy and an integrated strategy were needed to increase cotton production. He welcomed the federal government’s decision not to import cotton from India and added that to encourage cotton farmers, subsidies will be provided directly to farmers in stages and at the same time the federal and provincial governments will ensure that tough action will be taken. taken against those responsible for selling substandard medicines to cotton farmers.

Ch Sarwar said that to increase cotton production, all stakeholders including from the textile industry must be on one pioneering page and we are leveraging all resources to solve our farmers’ problems. CPEC Authority Chair Asim Saleem Bajwa said that China is providing research and machine assistance to increase cotton production and the CPEC Authority is interested in facilitating farmers by providing assistance in various sectors. Cotton and textiles account for 8 percent of Pakistan’s economy and we must all work together to strengthen the Pakistani economy, he added.

Federal Minister for Research and National Food Syed Fakhr Imam said that the previous government had consistently neglected cotton farmers, but that the current government under Prime Minister Imran Khan supports cotton farmers and will continue to facilitate them.

The federal government will ensure the implementation of the measures conforms to the recommendations put forward by the committee, he added. After that, during a press conference with British House of Lords member Wajid Khan, the governor said, “I have taken responsibility for solving the problem of student fees for Fata Islamia University. If the Federal or Provincial governments are unwilling to provide funding, I will ask for cooperation from benefactors and will even pay out of my own pocket. “

Responding to a question, he said the government’s main challenge was inflation and government affairs not PDM. In a question about Hafeez Sheikh’s dismissal, the governor said that the government always takes decisions in the best interests of the nation. Regarding the travel ban in Pakistan due to Coronavirus, he said the Corona virus situation is worse in India so the travel ban in Pakistan makes no sense adding that the third wave of Coronavirus has come from the UK.


image source

Italian Bank Fund Hires Deutsche Bank to Advise Carige Sale | Instant News

Want a reduction in prices on the European market? In your pre-open inbox, every day. Register here.

Italian interbank funds are employed Deutsche Bank AG as a financial advisor to manage sales Banca Carige SpA, after Cassa Centrale Banca retreated from buying amid concerns about profitability prospects amid the pandemic.

The banking fund, dubbed FITD, owns 80% of the Carige after rescuing a troubled Italian lender in 2019, injecting about 600 million euros ($ 706 million) of fresh funds. As part of the bailout, the unlisted CCB purchased an 8.3% stake, with an option to buy the remaining holdings of FITD at the end of this year. Last month the CCB decided not to exercise the option, leaving stocks with banking funds.

While seeking to relinquish a controlling stake, FITD “will continue its commitment to support the Banca Carige,” the fund said in a statement.

The Banca Carige jumped from crisis to crisis and ended up under administration by the European Central Bank before the rescue was orchestrated by the country’s interbank deposit guarantee fund. Since then the bank has struggled to improve, recording losses in 2020 three times higher than expected under its business plan.


image source

Cabinet shows no confidence in the policies of Kashmiri PM: Rabbani | Instant News

ISLAMABAD: Former Senate chairman Mian Raza Rabbani said that the federal cabinet’s rejection of the summary, which was signed by the prime minister, allowing imports of sugar, cotton and cotton threads from India, was distrust of Imran Khan’s Kashmiri policies.

“Despite India’s annexation of occupied Kashmir by changing its constitution, continued curfew for more than 606 days, cultural genocide, demographic change and human rights abuses in the Ruled Valley, the government wants to normalize relations with the ‘Hitler’ Modi government,” he said. in a statement Friday. He said the decision of the Economic Coordination Committee (ECC) without taking input from the Ministry of Foreign Affairs and Home Affairs amounted to betrayal of the Kashmir cause. He said it was arranged that the official letter on March 23, 2021, should trigger a chain reaction to normalize relations with India while Kashmir continues to burn. The federal government’s actions are highly condemned, he added.


image source