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VoxEU (Europe) 07/12/2020 20:12
A major policy issue for many governments is how long a lockdown introduced to slow the spread of the COVID-19 virus should be maintained. This column analyses what an assessment of costs and benefits of lockdown imply for how policy should be set in the UK. The question is simple: Has the length of the UK lockdown been warranted and should restrictions now be eased significantly? Using a wide range of scenarios for costs and benefits it appears as though extending the UK lockdown beyond three-months (that is beyond June) was not likely to be optimal.
VoxEU (Europe) 07/12/2020 20:12
Governments and economists are now focused on the macroeconomic policies that can support economies during the Covid-19 pandemic. Yet, for policies to be effective and economies to function, payment and settlement systems and services – collectively referred to as the National Payments System – must operate efficiently, reliably, and securely. The first column of this series identifies the challenges affecting payment services during emergencies and discusses measures to ensure that payment systems keep operating. Public authorities should be proactive in mitigating risks to payment systems to support economic activity and help the public.
VoxEU (Europe) 07/12/2020 20:12
The severe economic impact of the COVID-19 pandemic could threaten financial stability. Since accounting-based methods report loan losses with a delay, this column adopts a real-time, market-based assessment of the impact on corporate loan portfolios. Using European stock market data, it estimates that the market-implied losses for euro area banks could reach over €1 trillion, or, depending on the scenario, 7-43% of available bank capital.
GlobeNewswire 07/12/2020 20:00
CAMBRIDGE, Mass. and BEIJING, China, July 12, 2020 (GLOBE NEWSWIRE) -- BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160), a commercial-stage biotechnology company focused on developing and commercializing innovative molecularly-targeted and immuno-oncology drugs for the treatment of cancer, today announced the pricing of a registered direct offering of 145,838,979 ordinary shares, par value $0.0001 per share (the "Ordinary Shares"), to certain existing investors.
micenet magazine 07/12/2020 20:00
Travel data analytics expert Cirium has revealed that 54 per cent of global domestic flights scheduled for July 2020 are from Asia Pacific countries, including Australia, China, India and Indonesia. Asia Pacific countries were followed by North American countries at 33 per cent, European countries at nine per cent and Latin American countries, who made up four per cent of the flights examined. For July 2020, the US has the most domestic flights scheduled (413,538, 31.3 per cent), with China coming in second (378,434, 28.7 […]
National Post (Canada) 07/12/2020 20:00
Mafia boss Pasquale (Pat) Musitano, who struggled to push his Hamilton-based mob family to greater underworld power, was shot dead Friday in a parking lot four kilometres from where he will likely be buried alongside his kin. Musitano, 53, knew he was the target of determined enemies. A year ago, he was shot in a similar way, in a parking lot beside his hulking, armour-plated SUV.
Zero Hedge 07/12/2020 20:00
Why Illinois Governor Pritzker's Congressional Testimony On COVID-19 Was False And Hypocritical. Sun, 07/12/2020 - 20:00. Let’s start with a central claim Governor JB Pritzker made Wednesday in his testimony about COVID-19 policy before the United States House Committee on Homeland Security:. "We instituted [his mandate to wear masks] in Illinois on May 1st, one of the first in the nation, and it aligns with our most significant downward shifts in our infection rate," he said. That’s simply untrue and his own administration’s data show why.
Gizmodo (Australia) 07/12/2020 20:00
Plug-and-play LED replacements for halogen headlight bulbs are a popular car mod. LEDs often look brighter than incandescent lights, but “looks brighter” and “illuminates better” are not the same thing. I got a stern talking-to from an actual lighting expert about LED retrofits, and science says: Putting LEDs where halogen... .
GlobeNewswire 07/12/2020 20:00
SHANGHAI, China, July 12, 2020 (GLOBE NEWSWIRE) -- Junshi Biosciences (HKEX: 1877), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced today the completion of study subjects enrollment in Phase I trial of SARS-CoV-2 neutralizing monoclonal antibody injection (Product Code: JS016), developed jointly with Institute of Microbiology, Chinese Academy of Sciences (IMCAS).
Property transactions in Hong Kong, including those involving homes, shops, industrial units and car parks, are expected to fall this month, as a third wave of coronavirus cases adds to the woes of a sector already hit hard by economic recession and rising unemployment.Centaline Property Agency forecast on Sunday that transactions will fall by 11.6 per cent month on month to 7,300 deals in July, and the total transaction value will decline 10.4 per cent to HK$63 billion (US$8.1 billion).

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