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How bistro loved by Bourdain is coping with second lockdown

WPI inflation rises to 2.03% in Jan. on costlier manufactured items, food prices ease

The WPI inflation was 1.22% in December and 3.52% in January last year.

The wholesale price-based inflation (WPI) rose to 2.03% in January, even as food prices cooled.

The WPI inflation was 1.22% in December and 3.52% in January last year.

While food articles saw softening in inflation in January, manufactured items witnessed hardening of prices, as per data released by the Commerce and Industry Ministry.

Food inflation in January stood at (-)2.8%, against (-)1.11% in the previous month.

Inflation in vegetables and potatoes was (-)20.82% and 22.04% during January, while in the fuel and power basket it was (-)4.78%.

In non-food articles, inflation was higher at 4.16% during the month under review.

The Reserve Bank of India in its monetary policy decision on February 5, kept interest rates unchanged for the fourth consecutive meeting and said that the near-term inflation outlook has turned favourable.

Meanwhile, retail inflation, based on the consumer price index, was at 4.06% in January, data released last week showed.

Staggering back to school | Raab & Spector

Foreign Secretary Dominic Raab suggests schools could reopen on a staggered basis.

He says the UK is “on track” to meet its mid-February vaccine target. He also says Conservative MPs are making “arbitrary” demands for the end of lockdown.

Professor Tim Spector explains research suggesting vaccines are 67% effective three weeks after one dose.

Gold Subdued As Equities Rally

Gold prices edged lower on Monday despite the dollar index slipping on optimism about Covid-19 vaccine rollouts and a planned $1.9 trillion U.S. stimulus package.

Spot gold slipped 0.4 percent to $1,817.28 an ounce, while U.S. gold futures were down 0.3 percent at $1,817.05.

The U.S. dollar pinned near two-week lows as stocks climbed across Asia and Europe on optimism that successful coronavirus vaccine rollouts globally would help spur a faster economic recovery this year.

U.S. President Joe Biden will speak at a virtual meeting of the world’s major economies on Friday to discuss the coronavirus pandemic and global vaccination distribution, according to the White House.

He will emphasize the need for global coordination on vaccine production, distribution and supplies.

Meanwhile, with former President Donald Trump winning his second Senate impeachment trial, U.S. lawmakers are likely to concentrate on pushing through President Joe Biden’s vast rescue package.

The $1.9 trillion proposal could be watered down but the final figure could be closer to the president’s plan, reports suggest.

Motor racing: Red Bull to use Honda-based F1 engines from 2022

LONDON (REUTERS) – Red Bull have formed their own powertrain company and will race from 2022 with engines using Honda technology, the Formula One team said on Monday (Feb 15).

Honda, who currently provide engines to Red Bull Racing and sister team AlphaTauri, are leaving the sport as a power unit manufacturer at the end of the 2021 season.

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Oil Prices Rally Amid Middle East Tensions

Oil prices rallied on Monday amid optimism about the rollout of Covid-19 vaccines, hopes for a U.S. stimulus bill and heightened tensions in the Middle East.

Brent crude for April settlement climbed 1.3 percent to $63.25 a barrel, after having hit a session high of $63.76, the highest since January 22, 2020.

U.S. West Texas Intermediate (WTI) crude futures were up 1.8 percent at $60.55 per barrel, after having touched the highest since Jan. 8 last year of $60.95 earlier in the session.

U.S. President Joe Biden will speak at a virtual meeting of the world’s major economies on Friday to discuss the coronavirus pandemic and global vaccination distribution, according to the White House.

He will emphasize the need for global coordination on vaccine production, distribution and supplies.

Meanwhile, with former President Donald Trump winning his second Senate impeachment trial, U.S. lawmakers are likely to concentrate on pushing through President Joe Biden’s vast rescue package.

The $1.9 trillion proposal could be watered down but the final figure could be closer to the president’s plan, reports suggest.

Elsewhere, the Saudi-led coalition fighting in Yemen said late on Sunday it intercepted and destroyed an explosive-laden drone fired by the Iran-aligned Houthi group toward the kingdom, raising fears of fresh Middle East tensions.

How bistro loved by Bourdain is coping with second lockdown

Paris (CNN Business)Many French workers can now eat at their desks without breaking the law.

To help curb the spread of Covid-19, the country has suspended a longstanding prohibition on desk lunches, according to a government decree published Sunday.
The lunch break, or “la pause déjeuner,” has long been considered sacrosanct in France. Until now, French labor code forbid employers from allowing workers “to have their meals in the workplace,” reflecting the importance of food and meals in national culture.

    Before the pandemic, French workers typically enjoyed a two or three course meal with colleagues at a nearby bistro. French media outlets have tried to project what the future will look like by running images of unhappy workers eating sandwiches at their desks.
    The temporary rule applies to offices with more than 50 employees and where the layout of the cafeteria does not allow for social distancing. People must be at least one meter apart when not wearing a face mask.

    People eat their lunch outside a closed restaurant on February 1 in Paris.

    France has implemented a slew of containment measures as it battles the pandemic.

      Restaurants, bars and cafes have been closed since the end of October and a nationwide 6 p.m. CET curfew remains in place.
      More than 2.2 million people in France have received their first vaccine injection and roughly 650,000 have been fully vaccinated.