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Novavax Vaccine Prospects Take BioNTech, Moderna Shares Down   By Investing.com

By Dhirendra Tripathi Investing.com – Shares of Covid-19 vaccine makers like BioNTech (NASDAQ:BNTX) and Moderna (NASDAQ:MRNA) weakened on Monday on prospects of one more rival, Novavax (NASDAQ:NVAX), joining them in the market. BioNTech slumped 9% and Moderna by 8%. Pfizer (NYSE:PFE), which makes and markets the vaccine in collaboration with BioNTech, fell 1.5%. Johnson & Johnson (NYSE:JNJ), the only one with a single-dose vaccine, was down 0.5%. Novavax itself had a volatile session, giving up its gains of over 9% premarket to go...

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UK’s Johnson agrees to deepen relationship with Spain -UK statement By Reuters

LONDON (Reuters) - Britain's Prime Minister Boris Johnson met Spanish Prime Minister Pedro Sanchez at the NATO summit on Monday, where the pair agreed to deepen their relationship and discussed Brexit issues, the British PM's office said. "The leaders discussed their shared commitment to deepening the already strong UK-Spain bilateral relationship across a huge range of issues including trade, defence and security," the No.10 Downing Street statement said. "On the Northern Ireland Protocol, the Prime Minister said a constructive way forward needs to be found which preserves both the Belfast (Good Friday) Agreement...

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ECB’s Schnabel wants bond-buying green tilt By Reuters

FRANKFURT (Reuters) - The European Central Bank could tilt its purchases of corporate bonds towards companies that pollute less or are cutting their emissions, ECB board member Isabel Schnabel said in a speech on Monday. Central bankers in the euro zone and around the world are debating what their role should be in the fight against climate change. Schnabel, an advocate of taking environmental considerations into account when carrying out the ECB's massive bond-buying stimulus programmes, said excluding polluters altogether would remove an incentive for them to clean up their acts. "Another possibility would be...

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Managing Bank of England’s trillion-pound balance sheet a major issue, says Bailey By Reuters

LONDON (Reuters) - Managing nearly a trillion pounds ($1.4 trillion) of British government bond purchases will be one of the Bank of England's biggest challenges in the aftermath of the COVID-19 pandemic, Governor Andrew Bailey said on Monday. "That is substantially bigger than the Bank of England balance sheet in the past," Bailey told an online conference hosted by the Association of Corporate Treasurers. "It's necessary, it's been done for a very, very good reason, but we have to think hard about how we manage that...

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Budget airlines scoop up Italy routes as Alitalia relaunch stalls By Reuters

By Francesca Landini and Conor Humphries MILAN (Reuters) - As the launch of a successor to Alitalia drags on, budget carriers Ryanair and Wizz are bulking up on Italy's domestic routes, grabbing market share from the new carrier before it even takes flight. Italia Trasporto Aereo (ITA) is the name of the new state-owned airline independent of bankrupt Alitalia which Rome plans to start, but talks with the European Commission have pushed that back to August at the earliest. Ryanair, Europe's largest budget airline, is expanding to more than 100 domestic routes this summer from...

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Adani Group shares shed $6 billion despite rejecting reports on investors By Reuters

By Sudarshan Varadhan CHENNAI (Reuters) - Shares in companies controlled by Indian billionaire Gautam Adani shed more than $6 billion on Monday despite rejecting media reports that said accounts of three foreign investor funds that own stocks had been frozen. Adani Group flagship Adani Enterprises closed down 6.3% after plunging as much as 25%, its steepest fall in nearly a decade. The freezing of the three accounts was first flagged in an article in India's Economic Times on Monday. The Adani Group firms involved rejected reports about the National Securities Depository Ltd (NSDL) freezing...

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Delta variant doubles risk of COVID hospitalisation – Scottish study By Reuters

LONDON (Reuters) - The Delta coronavirus variant doubles the risk of hospitalisation compared with the previously dominant variant in Britain, but two doses of vaccine still provide strong protection, a Scottish study found on Monday. The study said early evidence suggested the protection from vaccines against the Delta variant, first identified in India, might be lower than the effectivessness against the Alpha variant, first identified in Kent, southeast England. British Prime Minister Boris Johnson is expected to delay the ending of COVID-19 restrictions in England on Monday, following a rapid rise in cases of the Delta...

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Back to the future: 2020s to echo roaring 20s or inflationary 70s? By Reuters

By Dhara Ranasinghe LONDON (Reuters) - The 2020s have only just begun but there is already a rush to draw parallels with the past, prompted by a belief that COVID-19 will mark a turning point for the world economy and financial markets. For some, a post-pandemic economic boom accompanied with optimism about the future echoes the 1920s. Others reckon this decade is beginning to feel like the 1970s, as dormant inflation awakens. Whatever path the decade takes will of course matter for the trajectory of stocks, bonds, currencies and commodities. "Changes, shifts and dynamics...

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UK health minister will address parliament over COVID on Monday By Reuters

LONDON (Reuters) - Britain's health minister Matt Hancock will make a statement to the lower house of parliament on COVID-19 at about 1930 GMT on Monday, the leader of the House of Commons said on Twitter. That statement will come after Prime Minister Boris Johnson is expected to announce a delay to a further easing of COVID-19 restrictions following concerns about the rapid rise of Delta variant infections. ...

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G-7 Falls Short on Climate Even With U.S. Back in Paris Deal By Bloomberg

(Bloomberg) -- Group of Seven leaders stopped short of setting concrete measures to limit global warming, an outcome that bodes poorly for key climate negotiations later this year. Leaders of some of the biggest economies met over the weekend for the first time since the U.S. rejoined the Paris climate deal, with President Joe Biden seeking to show unity on the issue after four years of backtracking under Donald Trump. Yet the final communique lacked firm commitments on stopping coal use, raising money to help developing countries, and shifting away from polluting cars. The group backed away from an initial...

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