Rep. Matt Gaetz probe, Biden’s infrastructure plan, Derek Chauvin trial: 5 things to know Wednesday

US orders some diplomats to leave Myanmar as unrest grows

WASHINGTON — The State Department on Tuesday ordered non-essential U.S. diplomats and their families to leave Myanmar, as a deadly government crackdown on demonstrators protesting last month’s coup intensifies.

The department said in a brief statement it would require non-emergency U.S. government employees and their dependents to depart the country in an upgrade of its previous instructions from Feb. 14 that had allowed them to leave voluntarily. The department also reiterated an earlier warning for Americans not to travel to Myanmar, also known as Burma.

“The Burmese military has detained and deposed elected government officials,” the statement said. “Protests and demonstrations against military rule have occurred and are expected to continue.”

The Southeast Asian nation has been wracked by violence since the military ousted a civilian-led government on Feb. 1 and began to forcibly put down protests.

Germany to recommend AstraZeneca shot only for over 60s: media

BERLIN (Reuters) – Germany’s vaccination commission is recommending administering the AstraZeneca coronavirus shot only for men and women over 60 years old in Germany, Focus Online reported on Tuesday.

It was citing an article in the Augsburger Allgemeine daily which said it had seen a draft document.

Mutant Covid 'could make vaccines useless within a year', warn experts

Capgemini Announces New Medium Term Financial Ambition – Quick Facts

Capgemini (CGEMY.PK,CAPP) said the Group has set new financial ambitions for the medium term: achieving an annual revenue growth of 7% to 9% at constant currency on average through 2025; reaching an operating margin of 14% by 2025. Capgemini said the company will maintain its strict execution discipline and aims to expand its operating margin.

Capgemini believes the rapid adoption of Cloud and Data/Artificial Intelligence will act as a significant growth driver across the Group’s entire portfolio of offerings. The company noted that its evolution towards new hybrid working models will enable Capgemini to deploy “New Normal” operating model leading to additional cost savings.

Daimler Issues Outlook

Daimler (DDAIF.PK) said the company is confident about the current fiscal year. The company still expects unit sales, revenue and EBIT in 2021 to be significantly above prior-year levels.

In the first quarter of 2021, the positive trend seen in previous quarters continued, Daimler said. It expects unit sales in the first quarter to remain at year-earlier levels. Profitability is seen higher than in the first quarter last year.

Daimler expects listing of Daimler Truck on the Frankfurt Stock Exchange by the end of 2021. The company also intends to rename Daimler as Mercedes-Benz in due course.

“We want to accelerate the electrification of our product portfolio. Almost two years ago, we presented our Ambition2039. We want a CO2-neutral fleet of new cars. It’s our goal to reach this target sooner,” said Ola Källenius, Chairman of the Board of Management of Daimler AG and of Mercedes-Benz AG.

For fiscal 2020, the Board of Management and the Supervisory Board propose distributing a dividend of 1.35 euros per share.

Covid pushes Lloyd's of London to $1.2 billion loss in 2020

  • The 330-year old market, home to around 100 syndicate members, expects to pay out 3.4 billion pounds in 2020 COVID-19 claims net of reinsurance, it said in a statement.

The coronavirus pandemic pushed Lloyd's of London to a 900 million pound ($1.24 billion) pre-tax loss in 2020, compared with a 2.5 billion pound profit in 2019, the commercial insurance market said on Wednesday.

The 330-year old market, home to around 100 syndicate members, expects to pay out 3.4 billion pounds in 2020 COVID-19 claims net of reinsurance, it said in a statement.

Lloyd's CEO John Neal said 2020 had been "an extremely challenging year marked by a global health crisis of a scale never seen before".

"The year was also marked by a high frequency of natural catastrophe claims and the UK's formal exit from the EU, driving further losses and uncertainty," he added.

Gross written premiums declined by 1.2% to 35.5 billion pounds in the specialist insurance market – which covers everything from oil rigs to footballers' legs – after Lloyd's scaled back some loss-making business lines last year.

But Lloyd's said premium rates had risen 10.8% last year and rate rises had continued into 2021. Insurers typically increase rates after experiencing large losses.

Rep. Matt Gaetz probe, Biden’s infrastructure plan, Derek Chauvin trial: 5 things to know Wednesday

Shockwaves being felt after Gaetz confirms he is under investigation

In what is likely to be a much-discussed topic in the media and beyond Wednesday, Rep. Matt Gaetz, R-Fla., confirmed Tuesday he is under investigation for his sexual conduct after a New York Times report that the Department of Justice is looking into whether he had a sexual relationship with a 17-year-old girl. The alleged encounter under investigation occurred about two years ago, the Times reported, and a DOJ investigation began near the end of the Trump administration late in 2020. It should be noted that charges have not been filed against the Florida congressman and he said in a statement that he believes the investigation is related to an effort to extort him. According to Times sources, the investigation into Gaetz is part of a broader probe into Joel Greenberg, a former Florida tax collector and an acquaintance of Gaetz. Greenberg is facing charges that include child sex trafficking and pleaded not guilty.

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