Petrol, diesel price hiked for second day in a row

CanSino Says Spiking Infections Are Speeding Up Its Vaccine Test

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CanSino Biologics Inc. said surging coronavirus infections around the world will allow it to quickly reach an interim milestone to analyze the efficacy of its single-shot vaccine.

The Chinese company is testing its vaccine in Pakistan, Mexico, Argentina, Chile and Russia, Zhu Tao, the company’s chief scientific officer, said at a forum in Zhuhai. CanSino needs 50 Covid-19 cases for an interim analysis and expects to quickly get them, he said.

CanSino is developing a shot using a cold-causing adenovirus as a vector, a similar type of vaccine as some others. Pre-existing immunity to the adenovirus vector won’t have a major impact on the vaccine’s ability to generate immune responses to the coronavirus, Zhu said.

Zhu said breakthroughs byModerna Inc. and Pfizer Inc. have been encouraging and suggest experimental vaccines stand a better chance of clinical success.

China’s military has approved CanSino’s shot for use among its personnel.

— With assistance by John Liu, and Dong Lyu

Pakistan-IMF Talks on Restarting $6 Billion Loan Stalled: FT

Pakistan Prime Minister Imran Khan’s refusal to introduce unpopular reforms has stymied talks with theInternational Monetary Fund to restart a $6 billion loan, the Financial Timesreported, citing unidentified senior government officials.

An IMF team due to visit Islamabad in October has yet to arrive, as fund officials await signs that Pakistan is willing to take further steps to reduce its fiscal deficit, the report said, citing one of the people.

Read more about Pakistan cutting budget spending to narrow fiscal deficit

Pakistan, which was granted the $6 billion IMF bailout last year after an economic crisis, was forced to seek furtherdebt relief and another loan this year to fight the fallout of the coronavirus pandemic.

Pakistan was set to resume talks by the end of this month, but there has been no confirmation from the IMF, the newspaper reported, citing one of the people.

Twitter Will Hand Over @POTUS Account to Biden on Jan. 20: NYPost

Twitter Inc. will hand over the official U.S. president’s @POTUS account to President-elect Joe Biden on Inauguration Day, even if Donald Trump refuses to concede, theNew York Post reported, citing a spokesman.

  • “Twitter is actively preparing to support the transition of White House institutional Twitter accounts on Jan. 20,” a Twitter spokesman told the Post on Friday.
  • Other government accounts such as @VP, @FLOTUS, @whitehouse will also be handed over to the Biden administration.

Five new coronavirus cases in Singapore, all imported for 11th day

SINGAPORE – There were five new coronavirus cases confirmed as at Saturday noon (Nov 21), all of which were imported.

The imported cases were placed on stay-home notices on arrival in Singapore, said the Ministry of Health (MOH).

There were no new community cases and none from worker’s dormitories for the 11th day in a row.

Saturday’s cases take Singapore’s total to 58,148.

MOH will share further updates tonight.

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Tokyo confirms record number of new coronavirus cases

TOKYO (REUTERS) – Tokyo confirmed a record 539 new coronavirus cases on Saturday (Nov 21), beating its previous high of 534 cases, according to the Tokyo Metropolitan Government.

Saturday marks the third day that the daily number of cases has topped 500, according to the public broadcaster NHK.

Petrol, diesel price hiked for second day in a row

The price of petrol in Delhi was hiked to ₹ 81.38 per litre.

Petrol price on Saturday was hiked by 15 paise per litre and diesel by 20 paise, the second straight day of increase in rates after firming international oil rates broke nearly a two-month-long hiatus in price revision.

The price of petrol in Delhi was hiked to ₹ 81.38 per litre from ₹ 81.23, according to a notification from oil marketing companies.

Diesel rates went up from ₹ 70.68 to ₹ 70.88 per litre.

On Friday, petrol price was raised by 17 paise per litre and diesel by 22 paise.

This is the first revision in petrol prices since September 22. Diesel rates had not changed since October 2.

Public sector oil marketing companies – Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation Ltd – revise rates of petrol and diesel daily based on benchmark international oil price and foreign exchange rate.

They have, however, resorted to calibrating the rates since the pandemic broke out with a view to avoiding volatility in retail prices.

The 58-day hiatus in petrol price revision and the 48-day status quo on diesel rates were preceded by no change in rates between June 30 and August 15 and a 85-day status quo between March 17 and June 6.

In Mumbai, the petrol price on Friday was raised to ₹ 88.09 per litre from ₹ 87.92, while diesel rates went up from ₹ 77.11 to ₹ 77.34.

Rates vary from state to state depending on the incidence of local sales tax or VAT.