Iran Aims for Naval Presence Beyond Persian Gulf With New Ship
Iran said it added a warship capable of carrying helicopters, drone aircraft and missiles to its fleet, signaling an intent to extend its naval influence beyond its native Persian Gulf.
The Islamic Revolutionary Guard Corps detailed the 150-meter-long Shahid Rudaki in astatement on its website, Sepah news reported.
The IRGC’s naval fleet is mostly made up of small speed boats deployed close to Iranian shores and around the Strait of Hormuz. The Shahid Rudaki will improve the security of Iran’s maritime transportation lines, according to the statement.
Iran has sent several shipments of fuel to its ally Venezuela this year in defiance ofU.S. sanctions.
Venezuela and Iran Resist U.S. Sanctions With Fuel Flotilla
Gold slips ₹ 248, silver declines ₹ 853
Gold prices on Thursday dropped ₹ 248 to ₹ 49,714 per 10 grams in the national capital, as investors and traders switched to riskier assets on new vaccine development, according to HDFC Securities.
The precious metal had closed at ₹ 49,962 per 10 grams in the previous trade.
Silver also declined by ₹ 853 to ₹ 61,184 per kg, compared to the previous close of ₹ 62,037 per kg.
“Spot gold prices for 24 karat gold in Delhi fell below ₹ 50,000 by ₹ 248, reflecting overnight selling international gold prices,” HDFC Securities Senior Analyst (Commodities) Tapan Patel said.
In the international market, gold was trading lower at USD 1,861 an ounce, while silver was down at USD 24.02 an ounce.
The gold prices traded lower as investors and traders switched to riskier assets on new vaccine development, Mr. Tapan added.
The prices are expected to trade sideways to down, as markets may continue to digest the vaccine optimism, he said.
On Wednesday, global drugmakers Pfizer and BioNTech said their COVID-19 vaccine was found 95% effective in the final analysis of the Phase-3 trial, paving the way for the companies to apply for emergency authorisation from the US regulators within days.
ECB Inflation Target Switch to Bring Doves, Hawks Under One Roof
The European Central Bank’s strategy review is discussing whether owner-occupied housing costs should be added to the institution’s measure of inflation.Bloomberg Economics estimates this would have raised headline inflation by 0.1 percentage point on average since the early days of the euro. Switching the target measure would offset the effect of nudging the target up to 2% from “below, but close to, 2%” — a move that could persuade both doves and hawks on the Governing Council to get behind the changes.
Oxford-AstraZeneca COVID-19 Vaccine Candidate Shows Strong Immune Response In Older Adults
A potential coronavirus vaccine being developed by AstraZeneca PLC (AZN,AZN.L) and Oxford University is safe and produced a similar response among older and young adults, data from the Phase 2 trials of the vaccine has showed.
The data from the mid-stage trial of the vaccine, ChAdOx1 nCoV-19, was published in the Lancet medical journal on Thursday.
The date showed that the vaccine causes few side effects and is better tolerated in older people compared to younger adults. It also produces a similar immune response in old and young adults.
Older adults are at a disproportionate risk of severe COVID-19 disease, so any vaccine against SARS-CoV-2 must be effective in this group, the researchers noted.
The Phase 2 trial reported in the Lancet involved 560 healthy adults, including 240 aged 70 years and above. According to researchers, volunteers got two doses of the vaccine or a placebo, with no serious side effects related to the vaccine being reported.
Nasdaq To Buy Verafin For $2.75 Bln – Quick Facts
Nasdaq, Inc. (NDAQ) and Verafin have reached a definitive agreement for Nasdaq to acquire Verafin for $2.75 billion. Nasdaq said the acquisition strengthens the company’s existing regulatory technology and anti-financial crime solutions. Nasdaq anticipates the acquisition to deliver earnings per share accretion beginning in 2022 and meet the company’s ROIC, or return on invested capital, and IRR objectives.
Based in St. John’s, Verafin provides more than 2,000 financial institutions in North America a cloud-based platform to help detect, investigate, and report money laundering and financial fraud. Verafin’s results will be reported within Nasdaq’s Market Technology segment.
Nasdaq said, as a result of the acquisition, the company is raising its Market Technology segment’s medium-term organic revenue annualized growth outlook to 13-16% (from 8-11% previously).
Atlanta Mayor: Donald Trump Would ‘Eat His Own Children’ If He Found It Prudent
Atlanta’s Democratic Mayor Keisha Lance Bottoms on Wednesday ripped President Donald Trump over his willingness to throw fellow Republicans under the bus when they don’t agree 100% with his agenda.
“He will eat his own children, I’m sure, if he found it prudent,” Bottoms told CNN anchor Anderson Cooper.
Bottoms’ quip came during a discussion about the upcoming U.S. Senate runoff elections in Georgia on Jan. 5.
GOP Sens. David Perdue and Kelly Loeffler are being challenged by Democrats Jon Ossoff and Raphael Warnock. Democrats need to win both seats to tie the Senate 50-50, giving Vice President-elect Kamala Harris the tiebreaker vote.
Bottoms expressed hope that even if people in Georgia did not vote for President-elect Joe Biden, they would be motivated to vote against the Trump-aligned Republican candidates in the runoff elections in protest of the outgoing president’s behavior following his election loss.
Trump has spread baseless claims about mass voter fraud and refused to allow the transition to a Biden administration to begin, Bottoms noted, all against the backdrop of a dire public health emergency as infections, hospitalizations and deaths caused by COVID-19 continue to soar at a record rate.
Check out the interview here: