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The European Commission on Tuesday started a process that could lead to reforms of drug manufacturing to limit shortages of vaccines and antibiotics and make medicines more easily available.To get more news about WikiFX , you can visit wikifx news official website. 　　The move comes as the European Union continues to fight the COVID-19 pandemic, an effort that has exposed some healthcare shortcomings and the bloc's dependence on foreign supplies of essential drugs and chemicals, mostly from India and China. 　　“The unprecedented coronavirus pandemic clearly demonstrates the need to modernise the way the EU ensures access to medicines for its population,” an EU Commission document said on Tuesday, listing shortages and unequal access to medicines as the main issues to address. 　　The document seeks feedback from the public on possible reforms of rules on clinical trials, marketing of medicines and their production and distribution in Europe. 　　The 27-nation bloc has long exp...

Equities ended another day on a happy note with the Dow Jones, S&P 500 and Nasdaq indices closing 1.05, 0.82 and 0.59 percent higher, respectively. The buoyancy was reflected in FX and commodity markets with AUD and NZD having surged in some cases over one percent with WTI clocking in 4.03 percent gains. The anti-risk Japanese Yen was hammered along with the haven-linked US Dollar and Treasury bonds.To get more news about WikiFX , you can visit wikifx news official website. 　　Market participants shrugged at unrest in the US, where struggling economic activity amid the Covid-19 pandemic has been hampered further by state-enforced curfews responding to looting and vandalism. This is against the backdrop of protests and riots following the killing of George Floyd by a police officer in Minneapolis. 　　Traders may be operating on the market-friendly narrative that easing lockdown measures will lead to a speedy recovery despite Depression-era high unemployment. This in turn i...

A marriage of oil-producing nations led by Saudi Arabia and Russia is close to a deal that would extend their overall production cuts through Sept. 1, as ease on lockdown commences.To get more news about WikiFX , you can visit wikifx news official website. 　　The Organization of the Petroleum Exporting Countries and its Russia-led allies are also debating whether to move up its planned conference call to discuss future output cuts to Thursday, instead of June 9 and 10. 　　The 23-country group, known as OPEC-plus, agreed to cut productions by 9.7 million barrels a day, following a sharp decline in global oil demand amid the Covid-19 pandemic. 　　While the current agreement foresees the curbs easing to 8 million barrels a day between July 1 and the end of the year, OPEC kingpin Saudi Arabia is pushing for a deal that would keep the current restrictions of 9.7 million daily barrels, according to delegates in the cartel. 　　Saudi Arabia, which needs oil prices at $84 a barrel to ...

US stock again closed higher yesterday, and forex market also reflected the optimism: Aussie and New Zealand dollar gained over 1% at one point, and WTI closed 4.03% higher. 　　Dow Jones Index, S&P500 and NASDAQ gained 1.05%, 0.82% and 0.59% respectively upon closing yesterday.To get more news about WikiFX , you can visit wikifx news official website. 　　The upbeat mood of Wall Street will likely spill over to Asian session, creating rising momentum for Asian market and growth-oriented currencies such as AUD and NZD. Next the market is expected to shift much of their focus from the recent spotlight of RBA‘s policy decisions to the country’s GDP report in Q1. 　　As a major exporter of large commodities, Australia has been trying to dodge a recession unseen in nearly 3 decades, but given the current difficult geopolitical and economic situation, the country has little chance to survive the challenge unharmed. 　　AUD/JPY surged 2.3% yesterday, and the pair had already risen 20% ...

Britons drove up an increase in the number of foreigners obtaining German citizenship last year, with more naturalised than in any year since Britain's 2016 referendum vote to leave the European Union, official data showed on Wednesday.To get more news about WikiFX , you can visit wikifx news official website. 　　Britain left the EU on Jan. 31. Talks aimed at setting out its future ties with the bloc have all but stalled and some Britons worry they will lose the right to live and work in Germany, Europe's biggest economy. 　　Britons usually need to have lived in Germany for eight years to qualify for citizenship. Applications take more than six months to process. Britons could take up dual citizenship while Britain was still an EU member. 　　In 2019, some 128,900 foreigners obtained German citizenship, a 15% increase on the prior year. Almost half the increase was due to growing numbers of Britons being naturalised, the Federal Statistics Office said in a statement. 　　...

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  The fragile recovery in China’s economy is pointing to a long road back for the rest of the world too.A string of top-tier data all showed that China’s factory output, consumer spending and investment continued to improve in May, but there are few signs of a broad based rebound needed to spur a V-shaped recovery.To get more news about latest china economy news , you can visit shine news official website.  The worry for the global economy is that if China’s apparent success in containing the coronavirus can’t stoke confidence and a quick return to normal activity, then where can. Those concerns will be compounded by news of an outbreak of virus cases in Beijing that has raised fears of a resurgence of the pandemic. “China’s experience so far suggests that it will be a hard road back for the global economy,” said Shaun Roache, Asia-Pacific chief economist at S&P Global Ratings, who notes that confidence among Chinese consumers and privately-owned firms rem...

20 Indian soldiers killed in confrontation with China in Himalayas    The Indian Army has raised the death toll in a clash with Chinese troops on a disputed Himalayan border to 20 Indian soldiers.The army said in a statement late Tuesday that the two sides "have disengaged" from the disputed Galwan area, where they clashed overnight on Monday.To get more news about China breaking news , you can visit shine news official website.  The army originally reported that three Indian soldiers had died, but later said 17 additional soldiers succumbed to injuries they suffered in the sub-zero temperatures of the high-altitude terrain. The incident is the first deadly confrontation between the two Asian giants since 1975.The Indian army said in an earlier statement that a "violent faceoff" took place in Galwan Valley in the Ladakh region on Monday night, "with casualties on both sides. " "The loss of lives on the Indian side includes an officer and ...