China Stocks Rebound, Raising Hopes for Economic Reopening;

Chinese stocks rebounded sharply on the 29th. The yuan is also being bought. Hopes of reopening the economy grew as markets looked for signs of further easing of coronavirus restrictions after a press conference by Chinese health officials. New real estate support measures also helped improve sentiment. The CSI 300 index of mainland Chinese stocks […]

Biogen Stock Drops as Second Death in Eisai Alzheimer’s Drug Trial – Bloomberg

Pharmaceutical maker Biogen fell on the US stock market on the 28th. A second death was reported that was thought to be related to the Alzheimer’s disease drug lecanemab, which is being jointly developed with Eisai. science magazineA 65-year-old woman in Eisai’s trial developed a stroke and cerebral edema and died of a massive cerebral […]

Chiang Kai-shek’s great-grandson to become Taipei mayor in Taiwan elections – Bloomberg

In the Taiwanese unified local elections held on the 26th, the mayor of the central city of Taipei, former president Chiang Kai-shek’s great-grandson and the opposition Nationalist Party’s Chiang Wan-an (43), declared victory. The ruling Democratic Progressive Party (DPP) suffered a crushing defeat in the local elections, which will serve as a preliminary skirmish for […]

EU proposes emergency brake on gas prices

The European Commission, the executive body of the European Union (EU), has proposed an emergency brake to be triggered if natural gas prices rise significantly from current levels. The aim is to limit the growing economic damage from cuts in Russia’s energy supply. With this emergency brake, the European Commission will cap gas prices at […]

EU prepares to ease Russian crude oil price cap with postponement – Bloomberg

The European Union is finalizing plans to delay the full introduction of the latest proposed sanctions to cap prices on Russian crude and loosen key provisions on shipments. Documents seen by Bloomberg suggest a 45-day grace period before the price cap takes effect. The moratorium applies to crude oil loaded before the 5th December, when […]