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Global stocks, sterling unsettled as new virus strain shuts UK

Analysts at BofA noted a huge $46.4 billion flowed into equities in the latest week, while the outflow from cash was the largest in four months. There were record flows into tech shares and large flows to the consumer sector, healthcare, financials, real estate and value stocks.

BofA chief investment strategist Michael Hartnett said a “sell signal” had been triggered for the first time since February as cash levels declined to 4.0% in the latest Global Fund Manager Survey.

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Oxford/AstraZeneca vaccine set to get clearance by year-end: Report

In India, the vaccine is being produced as part of a tie-up with the Serum Institute of India.Health officials in the UK hope that the authorisation of the Oxford jab will prove a game-changer, allowing vaccines to be transported and administered far more easily compared to the Pfizer/BioNTech vaccine which must be stored at very cold temperatures.

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COVID-19-battered auto sector drives into 2021 with cautious optimism

”The biggest challenge is to sustain business operations and ensuring financial health of the organisation. Performance of the automotive industry is linked to each stakeholder in the value chain starting from vendors to our dealerships,” Kim said. Honda Cars India Senior Vice President and Director Marketing & Sales Rajesh Goel said with the health crisis expected to continue for some time, rise in personal mobility is likely to help the auto industry sustain sales momentum in the coming months.

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“People are now more inclined to immunity-boosting products”

”Ayurveda-based preventive healthcare and hygiene — both personal and household — are gaining prominence in the consumer mind space. People are now more inclined to prophylactic health remedies, especially immunity-boosting products. This trend would sustain, going forward,” Dabur India CEO Mohit Malhotra said.
Echoing similar sentiments, Patanjali Ayurved MD Acharya Balkrishna said, ”this pandemic has helped to create faith in Ayurveda and Yoga among the section which does not believe in it. This is an opportunity for us as people are now having faith in Ayurveda and traditional system.” One of the biggest outcomes of the COVID-19 pandemic is the acceleration in the adoption of digital medium by FMCG companies, not just for distribution but also for marketing and advertising, Mayank Shah said.

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Economic impact of coronavirus could be painfully long for Indian women

A tiny elite of urban, educated women has benefited from the shift to remote work under lockdown: A recent study released by LinkedIn, based on internal data for India, found women’s participation in the labor force actually increased by 7% between April and July. But this only applies to jobs in the formal, white-collar, urban economy — a tiny fraction of the labor market. For most Indian women, the situation is deeply worrying.

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European neighbours shut doors to Britain as new coronavirus strain spreads

“The United Kingdom has issued an alert concerning a new strain of Covid-19,” Di Maio wrote on his Facebook account. “As the government, our duty is to protect Italians and for this reason… we will sign, with the health minister, a decree suspending flights to and from Britain,” he said, without specifying when the measure would come into effect.

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US issues guidelines on Covid-19 vaccination after allergic reactions

Anyone who had a severe reaction to a Covid-19 vaccine should not get the second dose, the agency said, defining severe as needing the medication epinephrine or treatment in a hospital.
Individuals with histories of severe allergic reaction to vaccines should consult their doctors about the Covid-19 shot. The CDC said people with severe allergies to food, pets, latex or environmental conditions as well as people with allergies to oral medication or a family history of severe allergic reactions could still get vaccinated.

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