The failings of US oil and gas producers are ready to get ahead all other sectors again in 2021 as industry battered by this year’s price drop faces even more pain, according to a forecast by the rating agency Fitch. The US oil industry was rocked in 2020 after the Covid-19 pandemic crippled global demand.
Regional governments in China are bypass borrowing limits by asset transfer on the books of local investment companies to lower debt ratios. This practice allows local government funding vehicles to raise more funds for infrastructure and other projects to boost the economy in the aftermath of the pandemic.
New Zealand officials confirmed on Sunday that six positive Covid-19 cases matched the recently identified cases. Variant B.1.1.7. Five came from the UK and one from South Africa, arriving in New Zealand from December 13 to 25. All were detected through routine testing and transferred to quarantine.
Iran and Russia are seeking to cooperate to produce the Sputnik V vaccine, Russian media reported over the weekend. Iranian Ambassador to Moscow Kazem Jalali told Izvestia newspaper on Sunday that Russian President Vladimir Putin had collaborative discussion with his counterpart from Tehran Hassan Rohani.
U.S. automaker Tesla said over the weekend that it had delivered 180,570 vehicles in the fourth quarter of 2020, ahead of the 174,000 analysts expected, and suggesting it was firing on all cylinders at the end of a year in which the global auto industry suffered a sharp contraction in sales due to the pandemic.
Singapore Airlines announced that as of Monday it refuse to board persons with a travel history including South Africa within the previous 14 days, except citizens of Singapore and permanent residents. They would not be allowed to enter or transit through Singapore due to concerns about Alternative B.1.1.7.
Ukraine-based drugmaker sought license Sputnik V vaccine, state media reported over the weekend. Kharkiv-based pharmaceutical company Biolek is said to manufacture the Covid-19 vaccine, Tass reported. Ukraine has so far recorded 1,069,517 coronavirus cases and 18,731 deaths, according to official data.
European airlines are step up the pressure on airports at reduce landing fees, leading to warnings of a race to the bottom in an industry decimated by the pandemic. Ryanair, Wizz Air and easyJet are among the carriers pushing for reduced fares as they decide where to fly when passengers return in large numbers.