Day: August 2, 2020

When It Comes to Covid Vaccines, Rich Nations Are First in Line

(Bloomberg) —

Wealthy countries have already locked up more than a billion doses of coronavirus vaccines, raising worries that the rest of the world will be at the back of the queue in the global effort to defeat the pathogen.

Moves by the U.S. and U.K. to secure supplies from Sanofi and partner GlaxoSmithKline Plc, and another pact between Japan and Pfizer Inc., are the latest in a string of agreements. The European Union has also been aggressive in obtaining shots, well before anyone knows whether they will work.

Although international groups and a number of nations are promising to

Unlock impact: GST mop-up in July shows green shoots of recovery

GST collections had nose-dived to a record low of Rs 32,294 crore in April, which was down 72% on year, but then recovered to Rs 62,009 crore in May.

The Goods and Service Tax (GST) collections in July — concerning largely June transactions — came in at Rs 87,422 crore, or 86% of the collection in the corresponding month a year ago, indicating that large parts of the economy are back on their feet, after the severe disruptions caused by the lockdown. Of course, the July mop-up is lower than Rs 90,917 crore collected in June, but as the government

Elon Musk: Chinese are “smart, hard working” while US has “much more complacency and entitlement”

Musk advised companies across the world to “spend less time on marketing presentations and more time on your product.”

Amid trade tensions between the US and China even as the latter has been facing flak from many other countries following the Coronavirus outbreak, Tesla and SpaceX CEO Elon Musk has praised the “smart” and “hard-working people” of Asia’s leading economy. “China rocks in my opinion. The energy in China is great. People there – there’s like a lot of smart, hard-working people. And they’re really — they’re not entitled, they’re not complacent,” Musk told Automotive News. The comment was in