Wednesday, August 4

BLOOM

BLOOM, Canada, PMN Business

Russia Rejects Vaccine Hacking Charge, Accuses UK of Attacks

Article contentBy Kitty Donaldson(Bloomberg) —Russia's ambassador to the UK, Andrei Kelin, rejected allegations that hackers linked to the country's intelligence services targeted British coronavirus vaccine research, and accused Britain of cyber attacks against Russia.Britain's National Cyber ​​Security Centre said on Thursday that vaccine and therapeutic sectors in multiple countries have been targeted by a group known as APT29, which it said is “almost certainly” part of Russian state intelligence. Security agencies in the US and Canada later backed the findings.Kelin said Russian officials had discovered “several cyber attacks” originating from the UK during the country's recent constitutional referendum, which paved the way for President Vladimir Putin, to remain in power to 2036. ...
BLOOM, Canada, PMN Business

US Cases Up 1.4%; Texas Hits 5th Day Over 10,000: Virus Update

Article content continuedScientists at King's College London found that patients with the sixth type of Covid-19 are nearly 10 times more likely to end up needing breathing support than patients in the first group. They used data from 1,600 users of its symptom tracker app in the UK and US who had confirmed cases. The resulting algorithm was then tested on a further 1,000 users in those countries as well as Sweden.Almost One-Third of Iranians May Have Had Virus (2:50 pm HK)Some 25 million Iranians are estimated to have contracted the coronavirus so far and up to 35 million more are at the risk of getting the infection, President Hassan Rouhani said in a televised speech on Saturday, citing a Health Ministry report.Iran has recorded nearly 13,800 deaths and 270,000 confirmed cases since ...
BLOOM, Canada, PMN Business

Arizona Reports Record Deaths; Crackdown in NYC: Virus Update

Article content continuedIraq Cases Climb 2.3% (8:42 am NY)Iraq said cases rose 2.3%, lower than the 2.8% average of the previous seven days. The country now has more than 90,000 confirmed infections after a one-day increase of 2,049.Iran Adds Fewer Infections (6 am NY)Iran recorded 188 fatalities from the virus overnight, up from 183 the day before, bringing the death toll to 13,979. The number of known infections reached 271,606 with 2,166 new cases in the past 24 hours, down from 2,379 on Friday. Some 235,000 people have recovered and 3,529 patients are in intensive care units.Indonesia Cases Climb 2.1% (4:51 pm HK) business.financialpost.com
BLOOM, energy, PMN Business

EV Startup Founder Rides Cash Wave to Reboot Once-Dashed Dream

Article content(Bloomberg) — Henrik Fisker knows what you're thinking: His namesake company is just another moonshot venture seeking to cash in on the electric-car investment mania and, to make matters worse, it's run by a guy who flamed out spectacularly once before . But he's got a new battery-powered SUV, a chip on his shoulder and a message for doubters: Just wait."I've done luxury cars in my life," Fisker, 56, said in an interview. "I don't think I need to prove to anybody I can do a sexy luxury sports car."The peripatetic CEO's automotive career started in the late 1980s at BMW AG, where he designed the Z8 roadster sports car. He later joined Aston Martin, winning plaudits for rakish supercars like the V8 Vantage and DB9 before trying his hand at electric vehicles and founding Fis...
BLOOM, Canada, PMN Business

New York Ramps Up Toward Most Sweltering Heat of the Summer

Article content(Bloomberg) — New York's heatwave is just getting started, with the worst yet to come and conditions in Washington even more blistering as the hottest weather of the year rolls through the Mid-Atlantic and Northeast USTemperatures will rise to 94 degrees Fahrenheit (34 Celsius ) Saturday in New York, and the combination of heat and humidity will make it feel closer to 100 Sunday and Monday, the National Weather Service said.A heat advisory for the city and Long Island stretches north to Canada and east to Massachusetts from Sunday through late Monday. Conditions will be worse across parts of New Jersey, Delaware and Maryland, where it could feel like 110 degrees."Today is ramp-up day. It really peaks Sunday and Monday," said Marc Chenard, senior branch forecaster with the...
BLOOM, Canada, PMN Business

The Founding Fathers Would’ve Been Pro-Face Mask

Article content continuedWith influenza, scientists first isolated the virus in 1933, and vaccines soon followed. It was then discovered that there were multiple influenza viruses, which mutated over time, limiting the effectiveness of vaccines. But they did reduce the threat. The two worst influenza pandemics of the vaccine era, those of 1957-1958 and 1968, killed an estimated 116,00 and 100,000 Americans respectively, mostly in the absence of interventions other than brief school closures.The Return of Nonpharmaceutical InterventionsOver the past two decades, though, attitudes have shifted. A key reason was the emergence of new diseases for which there were no pharmaceutical treatments, most notably Covid-19's coronavirus cousins ​​Severe Acute Respiratory Syndrome and Middle East Res...
BLOOM, Canada, PMN Business

Canada Broadens Wage Subsidy to Help Spur New Hiring

Article content(Bloomberg) — Justin Trudeau's government is broadening eligibility for its wage subsidy program, but at reduced rates, as part of an effort to get Canadian employees back to work and off income support benefits.Tudeau's finance minister, Bill Morneau, announced he is broadening eligibility of his government's wage subsidy program, but at reduced rates, as part of efforts to get employees back to work and off income support benefits.Under the changes, companies with revenue declines of less than 30% decline can qualify, with payouts determined by the extent of their sales drop. The government will also top up subsidies in the next six months for worst hit businesses, those who have seen revenue decline by more than half."This is an important set of changes," Morneau told ...
BLOOM, Canada, energy, PMN Business

Impending Profit Gloom Has Canada Investors Asking What’s Next

Article content continuedNext week, economists will keep an eye on May retail sales figures and June inflation data.PoliticsPrime Minister Justin Trudeau apologized for his role in approving a contract to a charity with deep ties to his family, putting his remarkable ability to recover from missteps to yet another test. His finance minister, Bill Morneau, is also facing an ethics probe over his involvement with the charity.In a briefing Thursday, Trudeau announced the federal and provincial governments have agreed to a C$19 billion Covid-19 plan that includes child care, sick leave and transit funding. He also confirmed that US-Canada border restrictions have been extended until Aug. 21 .Russian state intelligence is hacking international research centers that are racing to develop a Co...
BLOOM, energy, PMN Business

Biden’s Climate Plan Puts Inequality and Jobs on Par With CO2

Article content(Bloomberg) — When Joe Biden released his climate plan last week, the Democratic candidate for president emphasized one overarching goal–and it wasn't the reduction of greenhouse gases. Instead, he unequivocally linked broad climate action to employment.” When Donald Trump thinks about climate change, the only word he can muster is'hoax,'” Biden said in a speech unveiling the plan. “When I think about climate change, the word I think of is'jobs.'” His proposal aims to create 1 million openings in the auto sector, in part by investing in electric vehicle charging, plus another 1 million positions retrofitting homes for energy efficiency and weather resilience. The word “union” appears 32 times in the plan's 15-page outline.A campaign promise is not policy, but the rhetoric...
BLOOM, Canada, PMN Business

Russia Is Trying to Beat the West to a Covid-19 Vaccine

Article content(Bloomberg) — A top Russian official said his country could roll out a vaccine against Covid-19 as soon as September, while denying accusations that hackers working for the country's intelligence agency tried to steal sensitive data from rival researchers in the UK, US and Canada.“Russia may be one of the first to produce a vaccine against the backdrop of the billions that are being invested in the US and all the pharma companies working on it,” said Kirill Dmitriev, the chief executive of the government-backed Russian Direct Investment Fund (RDIF), which is financing one of the the country's efforts to devise a vaccine. “It's a little bit of a shocking story.”President Vladimir Putin has made finding a vaccine a top priority. Russia has recorded more than 750,000 Covid-1...