Duterte Approves Record Philippine Budget for Pandemic Recovery

Iran to Get Pfizer Vaccine From U.S. Philanthropists in 3 Weeks

Iran’s Red Crescent Society said it’ll take delivery of a batch of coronavirus vaccine developed by Pfizer Inc. and BioNTech SE within three weeks.

Some 150,000 shots of the vaccine will be sent to Iran “in collaboration with a group of philanthropists in the United States,” the organization’s director, Karim Hemmati, was quoted as saying by the semi-official Tasnim news agency. It didn’t provide further details.

In an earlier statement, Hemmati said his organization was in talks for 1 million doses of Covid-19 vaccine from China.

Iran’s Health Ministry says it needs over 40 million doses of vaccine to fight the pandemic, which has killed more than 54,000 people with 1.2 million infections in the country.

Read more:Iran Finds Way to Buy Covid Vaccine Despite U.S. Sanctions

Body of crew member of capsized Iranian vessel found in Gulf – news agency

(Reuters) – The body of one of seven missing crew members of a capsized Iranian transport vessel was found in the Gulf waters on Monday, the semi-official ISNA news agency reported.

The agency quoted a local maritime official as saying that the search was continuing for the remaining six crew members, whose vessel capsized on Friday near the Strait of Hormuz at the mouth of the Gulf.

The crew members included six Iranians and one Indian.

US Treasury yields rise after Trump signs Covid relief bill

  • Trump averted a government shutdown late Sunday, and extended unemployment benefits to millions of Americans.
  • The signing came days after Trump suggested he would veto the legislation, demanding $2,000 direct payments to Americans, instead of $600. Stock futures in the U.S. rose slightly on the news.

U.S. bond prices fell on Monday morning after President Donald Trump signed a $900 billion Covid-19 relief bill into law.

The yield, which has an inverse relationship to the price, on the 10-year Treasury note rose to 0.9514%. While on the 30-year Treasury bond it rose to 1.6918%.

Trump averted a government shutdown late Sunday, and extended unemployment benefits to millions of Americans. The signing came days after Trump suggested he would veto the legislation, demanding $2,000 direct payments to Americans, instead of $600. Stock futures in the U.S. rose slightly on the news.

"I am signing this bill to restore unemployment benefits, stop evictions, provide rental assistance, add money for PPP, return our airline workers back to work, add substantially more money for vaccine distribution, and much more," Trump said in a statement Sunday evening.

—CNBC's Yun Li contributed to this article.

Turkey raises gross minimum wage by more than 21% in 2021

FILE PHOTO: Turkey’s Central Bank headquarters in Ankara, Turkey, April 19, 2015. REUTERS/Umit Bektas/File Photo

ANKARA (Reuters) – Turkey will raise its minimum wage by 21.56% gross and about 16% net in 2021, for a monthly net wage of 2,825 Turkish lira ($376.71), the labour minister said on Monday.

Zehra Zumrut Selcuk made the announcement, broadcast on TV, and said the wage rise was seven percentage points higher than the November inflation rate.

Turkey’s central bank has an inflation forecast of 12.1% for 2020 and 9.4% for 2021.

($1 = 7.4991 liras)

Finnish Politicians’ Email Accounts Targeted by Cyber Attack

Finland’s parliament was the target of a cyber attack during the autumn that compromised the security of an unspecified number of politicians’ email accounts, parliament’s information office said Monday.

The cyber attack was detected during an internal technical control, according to apress release.

The attack was described by the parliament’s speaker Anu Vehvilainen as a “serious attack on our democracy and Finnish society.”

Parliament said it will not comment on the matter further while the attack is investigated by the National Bureau of Investigation.

Weibo Q3 Profit Tops Estimates

Weibo Corporation (WB) reported third quarter non-GAAP net income per share of $0.66, compared to $0.77, last year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.60, for the quarter. Analysts’ estimates typically exclude special items.

Net revenues were $465.7 million, flat year-over-year or a decrease of 4% year-over-year on a constant currency basis. Analysts expected revenue of $449.26 million, for the quarter.

Monthly active users were 511 million in September 2020, a net addition of approximately 14 million users on year-over-year basis.

For the fourth quarter of 2020, Weibo estimates its net revenues to increase by 1% to 3% year-over-year on a constant currency basis.

Duterte Approves Record Philippine Budget for Pandemic Recovery

Philippine President Rodrigo Duterte has approved a record 4.5 trillion-peso ($93.6 billion) budget for next year that economic managers have called the “heftiest stimulus package” for recovery from the pandemic.

The Philippines isexpecting its economy to grow by as much 7.5% in 2021 after plunging into recession this year. Duterte’s economic team has said the 2021 budget will help boost economic growth. Next year’s budget deficit ceiling was raised to 8.9% of GDP due to higher spending.

“Every centavo of this budget must be spent to ensure our nation’s recovery,” Duterte said in a televised speech on Monday. Government has allocated 72.5 billion pesos to buyvaccines, he said.