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02
September

PHOTO : REUTERS

 

 

The economy's return to pre-pandemic levels will take longer than generally anticipated, the chief of Deutsche Bank warned on Wednesday. The economy's return to pre-pandemic levels will take longer than generally anticipated, the chief of Deutsche Bank warned on Wednesday. The grim outlook from one of Germany's top bankers comes as many countries in Europe and beyond see rising coronavirus infection rates and governments grapple with how to respond. Chief Executive Officer Christian Sewing forecast that the economy would not return to normal this year or next year, and that many sectors will be running at 70per cent-90per cent capacity, with "serious consequences"//CNA

 

02
September

PHOTO : REPUBLICAN AMERICAN 

None of the UN Security Council member states have introduced a resolution to continue sanctions relief with respect to Iran after the expiration of the deadline to do so, UN Security Council president for the month of September Abdou Abarry told reporters on Tuesday (Sept 1).August 31 was the deadline to put forward a UN Security Council resolution to extend the sanctions relief with respect to Iran - ten days after the formal notification of Iran's significant non-performance with the 2015 nuclear agreement was sent by the United States.On August 20, US Secretary of State Mike Pompeo sent a letter to the UN Security Council, then the Council’s President Dian Triansyah Djani requesting the invoking of the nuclear agreement’s snapback sanctions mechanism under UN Resolution 2231.Pompeo said the United States, a permanent member of the UN Security Council, will use its veto power to prevent such document from being adopted to extend sanctions relief.However, Djani said last week that he was not able to take further action regarding the United States’ attempt to re-impose all United Nations sanctions against Iran.The majority of the UN Security Council members, including Russia, China, France, Germany, South Africa and the United Kingdom, said they would not support the United States' move to snapback sanctions on Iran, since the United States unilaterally withdrew from the nuclear agreement in 2018//Sputnik

02
September

PHOTO : ABC

 

 

Health authorities in New South Wales, Australia had confirmed 13 new coronavirus infections, while restriction for residents on the New South Wales-Victorian border has been eased. There were 14,815 tests completed during the reporting period and NSW has now recorded 3,874 cases. Prime Minister Gladys Berejiklian announced the easing of restrictions for residents and businesses on the NSW-Victorian border on Tuesday (Sept 1), which will come into force on Friday.

"Pleasingly, having obviously heard the sustained concerns of the community, and seeing the rates of infection in Victoria decline, from this Friday the border region, will be extended to that initial 50 kilometres on either side of the border. Service new south wales and the community has a few days to adjust to that. We want to make sure that unlike the previous changes we gave as much notice as possible so people will started to planning a hit" PM said. 

PM Gladys Berejiklian added that she was hesitant to ever close the border and did not want it closed for a day longer than necessary but there had been some difficulty in getting up-to-date information on transmission and testing rates in Victoria, which prevented the border from opening.

"I was very hesitant in closing the border but we won’t be hesitant, we won’t leave a day longer then we need to. But we have to make sure it’s the right thing to do at the right time and it’s in order to make sure we keep the community save.  What we’ve done in all stages during the pandemic especially in the last 6 or 7 weeks is make sure we didn’t go down the path with victoria. And that’s why we work overtime because now eventhough I know its frustating for the people in this community, think of the alternative which would be had we had to shut down New South Wales none of us will be moving around as freely as we are. Bussines won’t be able to do anything. And so as difficult as it’s been, please know the government decission, my decission was coming from a place of good intention and offcourse as I said we won’t leave the border closed for a day longer then we need to" She said

At present, Victorian border residents with permits to enter NSW must stay within a 2.5km zone but that will now be extended back to the original 50km either side of the border introduced in July. The NSW Government would be closely watching transmission in Victoria over the next fortnight, but could not yet give a timeline on when NSW would open completely to Victoria//ABC AUS

01
September

PHOTO : INDEPENDENTNEWSPAPPERNIGERIA  

India's economy contracted sharply in the three months to the end of June, official data shows. As stated by BBC.com Monday (31/8) it shrank by 23.9%, its worst slump since the country started releasing quarterly data in 1996. The coronavirus pandemic and a grinding lockdown caused massive disruptions to economic activity during the quarter. Experts fear that India is staring at a recession - that will happen only if it reports contraction in the next quarter as well, which experts say is likely. A country is considered to be in recession if it reports contraction for two successive quarters. India was last in recession in 1980, its fourth one since independence//BBC