Author: FT.com

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AstraZeneca admits ‘complicated’ Thai vaccine production launch

AstraZeneca admits ‘complicated’ Thai vaccine production launch

AstraZeneca admits ‘complicated’ Thai vaccine production launch AstraZeneca has admitted that the launch of Covid-19 vaccine production at Siam Bioscience, the Thai pharmaceutical company owned by the billionaire King Maha Vajiralongkorn, had been “complicated”, but said it aimed to supply Thailand with up to 5m-6m doses per month. The concession by the Anglo-Swedish drugmaker comes...

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Extreme weather takes climate change models ‘off the scale’

Extreme weather takes climate change models ‘off the scale’

Extreme weather takes climate change models ‘off the scale’ Fires, floods, heatwaves and droughts. The deadly weather that has unfolded in recent weeks has left climate scientists “shocked” and concerned that extreme events are arriving even faster than models predicted. In southern Oregon, a fire over an area 25 times the size of Manhattan has...

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Virgil Abloh: Louis Vuitton’s expert collaborator and curator of cool

Virgil Abloh: Louis Vuitton’s expert collaborator and curator of cool

Virgil Abloh: Louis Vuitton’s expert collaborator and curator of cool In 2009, then boss of Fendi Michael Burke sat down with Virgil Abloh and Kanye West over lunch at Settimio all’Arancio, a small Mediterranean restaurant nestled behind the fashion brand’s headquarters in Rome. Burke, an LVMH veteran who is now chief executive of Louis Vuitton...

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Wall Street stocks end volatile week at record high

Wall Street stocks end volatile week at record high

Wall Street stocks end volatile week at record high US stocks ended Friday at a new high, reversing steep losses at the start of the week, as fears about the Delta variant of coronavirus were soothed by strong corporate earnings and continued central bank support for financial markets. The S&P 500 climbed 1 per cent,...

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Big investors stick with bets against bonds after painful run

Big investors stick with bets against bonds after painful run

Big investors stick with bets against bonds after painful run Heavyweight bond investors are sticking with bets against US government debt, saying an unflagging rally paints a false impression of deep concern about the economic outlook. BlackRock and JPMorgan Asset Management are among the fund managers continuing to wager that US Treasuries yields will rise...

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A trinity of ghosts haunts the Tokyo Olympic Games

A trinity of ghosts haunts the Tokyo Olympic Games

A trinity of ghosts haunts the Tokyo Olympic Games As the Olympic countdown clock outside Tokyo Station ticked over to zero and the first selfie-takers arrived to capture the moment, the host city awoke in a muck sweat. And not just because the “mild” weather promised in the bid document has yielded to the belligerent...

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Coronavirus and the global recovery: the dangers of whiplash economics

Coronavirus and the global recovery: the dangers of whiplash economics

Coronavirus and the global recovery: the dangers of whiplash economics Much of Australia is back in a pandemic lockdown. Tokyo opened the Olympics on Friday under a state of emergency. The Netherlands has had to reimpose restrictions on cafés, bars and nightlife. New travel warnings have hit Spain’s hopes of a revival in tourism, and...

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Why are fully vaccinated people testing positive for Covid?

Why are fully vaccinated people testing positive for Covid?

Why are fully vaccinated people testing positive for Covid? Phoenix Suns basketball star Chris Paul, UK health secretary Sajid Javid and US Olympic gymnast Kara Eaker have something in common: they have all tested positive for coronavirus despite being fully vaccinated. No vaccine is 100 per cent effective, so what scientists call “breakthrough infections” were...

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China imposes sanctions on Wilbur Ross and six other Americans

China imposes sanctions on Wilbur Ross and six other Americans

China imposes sanctions on Wilbur Ross and six other Americans China has imposed sanctions on former US commerce secretary Wilbur Ross and six Americans involved with human rights institutions in retaliation for a similar move by Washington against Chinese officials in Hong Kong. The Chinese foreign ministry said that in addition to the sanctions on...

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Tokyo Olympics open with spectacle played to arena quieted by Covid

Tokyo Olympics open with spectacle played to arena quieted by Covid

Tokyo Olympics open with spectacle played to arena quieted by Covid The Tokyo Olympics have begun one year late with an opening ceremony that built from a subdued start to a stunning drone display, visual comedy and a powerfully symbolic lighting of the cauldron by tennis star Naomi Osaka. While the ceremony at National Stadium...