* Chinese President Xi Jinping and US President Joe Biden on Thursday exchanged greetings on the occasion of the Chinese Lunar New Year. * Indian Prime Minister Narendra Modi said he has assured his Canadian counterpart Justin Trudeau that India would do its best to supply Canada with vaccines to fight the pandemic. * A fleet of the People's Liberation Army Navy on Thursday set off for Pakistan to attend a multilateral joint naval exercise at the invitation of the Pakistani navy, China's Ministry of National Defense said. The drill, code-named "Peace-21," is set to be conducted in waters near the city of Karachi, the ministry said in a statement. * Arab League Secretary-General Ahmed Aboul-Gheit welcomed the reconciliation reached among rival Palestinian factions following their two-day dialogue in Egypt's capital Cairo, the pan-Arab body said in a statement on Wednesday. * Mexico has authorized emergency use of the Chinese Sinovac and CanSino COVID-19 vaccines. * Argentina topped two million COVID-19 infections on Wednesday, health officials said, as the country scrambles to ramp up a vaccination program in a race against time to tame the virus ahead of the fast-approaching southern hemisphere autumn. * China reported the fewest number of new COVID-19 cases in over five months, official data showed on Thursday, after a combination of robust countermeasures helped stamp out a new wave of the disease in the northeast that emerged last month. * India's COVID-19 tally rose to 10,871,294 on Thursday as 12,923 new cases were registered during the past 24 hours, said the latest data from the federal health ministry. According to the official data, the death toll mounted to 155,360 as 108 COVID-19 patients died since Wednesday morning. * The confirmed cases of COVID-19 in Indonesia increased by 8,435 in the past 24 hours to 1,191,990, with the death toll adding by 214 to 32,381, the Indonesian Health Ministry said on Thursday. * The Department of Health …
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World News in Brief: March 4
* Mainland China reported 10 new cases on March 3, matching the figure from a day earlier, the country's national health authority said. * New infections of COVID-19 are dropping in the United States, Canada and Mexico, but in Latin America vaccinations have hardly begun, raising the risk of dangerous new variants emerging, the Pan American Health Organization said. * Brazil's economy shrank by 4.1% last year due to the pandemic, its worst drop in decades, as a devastating second wave threatens to cut short a stronger-than-expected rebound at the end of 2020. * The US Senate is expected to begin debating President Joe Biden's US$1.9 trillion coronavirus relief package on Thursday after agreeing to phase out payments to higher-income Americans in a compromise with moderate Democratic senators. * Europe's medicines regulator said it has started an ongoing review of the Sputnik V vaccine developed by Russia's Gamaleya Institute for possible approval in the region, while the European Commission said that there were no talks under way to buy Russia's vaccine. * Chancellor Angela Merkel and German state leaders have agreed a phased easing of coronavirus curbs along with an "emergency brake" to let authorities reimpose restrictions if case numbers spike again, while France is preparing for a possible easing of restrictions from mid-April. * Italy will administer a single vaccine dose to those who have already been infected with COVID-19, the health ministry said. * Hungary will close all shops except foodstores and pharmacies and shift to remote learning in primary schools as cases are spreading fast. * Brazil set a daily record for COVID-19 deaths for a second straight day on Wednesday, as a resurgence of the virus led Sao Paulo state to shutter businesses and the government to try to clinch vaccine deals with Pfizer and Janssen. * Venezuela's President Nicolas Maduro said authorities have detected the Brazilian variant of the coronavirus in the country. …
Vietnam to be economic benefactor thanks to successful crisis management
The Hanoitimes - Vietnam is seen to be one of the world’s most attractive emerging economies. As the world pulls out of the crisis, Vietnam will be an economic benefactor from the way they managed the catastrophe, according to CEO of HSBC Vietnam. This is reflected in positive economic forecasts for the year ahead with HSBC’s own house-view that the country’s GDP will rebound strongly with 8.1% growth in 2021 from 2.6% in 2020, said CEO of HSBC Vietnam Tim Evans. Vietnam's growth set to rebound thanks to the way it deals with the crisis 2020 achievements Facing many obstacles caused by the Covid-19 pandemic, Vietnam still recorded a GDP growth of 1.8% in the first half of 2020, and is one of the very few countries in the world to maintain positive growth momentum in 2020. Average inflation over the first 11 months in 2020 was effectively controlled with an increase of 3.51% on-year, which is lower than the target of below 4% set by the National Assembly. This was achieved thanks to the government’s efforts to control the epidemic and the subsequent waves that hit the country. Despite 2.6% being the lowest growth rate in many years, Vietnam is still the only ASEAN country to evidence positive growth this year. Also, according to the International Monetary Fund (IMF), Vietnam’s GDP growth is expected to reach 2.4% for 2020 and remains one of four economies in the world that have positive growth of GDP per capita this year, including Taiwan, Egypt and China. In 2020, manufacturing and exports remain the two driving forces for Vietnam's economic growth, together with foreign direct investment (FDI) which also plays a crucial role. November indicators showed that Vietnam was on track for a solid economic recovery. Manufacturing has grown double digits for the first time since the start of the Covid-19, while exports continue to shine due to increased electronics shipment. The index of industrial production (IIP) for 11 months of …
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