The Economic Corner || Why is Germany against the waiver of IP rights for Covid-19 Vaccines?

•  German Chancellor Angela Merkel has firmly opposed the suspension of intellectual property rights for Covid 19 vaccines.

• Trade Minister Dan Tehan has expressed disappointment over the downward spiral in diplomatic relations with China.

• Australia’s trade minister said the country’s international borders may not completely open until the second half of 2022

• China, on the other hand, hit out at G7 leaders over Taiwan statement. China said that G7 leaders are interfering in China’s internal affairs as all seven countries for the first time voiced unified support for Taiwan participating in the WHO forums and the World Health Assembly. 

• the Reserve Bank of Australia for May 2021 said that Strong global growth is expected this year and next as the global economy recovers from the pandemic.

• Now updates from the Monetary policy report from the Bank of England. As per the report, Covid has hit spending, incomes and jobs in the UK. It has put a big strain on UK businesses’ cash flow and is threatening the livelihoods of many people. The bank said that it’s job is to ensure inflation returns to 2% target sustainably

• for the economic data release for the day, the US Department of Labor will release its non-farm payroll data for April later today.


Disclaimer
The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.
   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK