May 9, 2021

Knews

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Coronavirus latest: Russian watchdog says no cases of blood clots arising from Sputnik V

US states are offering residents other Covid-19 vaccines after federal health agencies called for a pause in the rollout of Johnson & Johnson’s vaccine. Authorities announced on Monday they were recommending a halt to use of the J&J jab, citing six cases of severe blood clotting. 

Turkey will resume “partial closures” by limiting travel and extending a curfew in an effort to curb a record number of Covid-19 cases, and President Recep Tayyip Erdogan warned more severe restrictions are in store if the outbreak is not contained.

The trade of live wild mammals in markets should be suspended, the World Health Organization and UN Environment Programme said. The trade provides the opportunity for animal infections, including coronaviruses, to “transmit to new hosts, including humans”.

The US consumer price index rose by the most in nearly nine years in March, spurred by pent-up demand and rising petrol prices. CPI rose a seasonally adjusted 0.6 per cent last month compared with February, the quickest pace since August 2012.

A shopper carries a Louis Vuitton bag in central London © Hollie Adams/Bloomberg

LVMH has delivered forecast-beating first-quarter sales driven by US and Chinese consumers flocking to brands such as Louis Vuitton and Dior. LVMH reported sales of €13.96bn in the first quarter, up 30 per cent from the same period a year ago. 

American Airlines said it would report a net loss of up to $1.3bn in the first quarter of 2021, on revenue that remains dramatically lower than two years ago. Capacity shrank 43 per cent compared with the first quarter of 2019, but revenue was down 62 per cent.

Gilead has stopped its late-stage trial of antiviral drug remdesivir, saying multiple-day intravenous treatment is no longer a priority for non-hospitalised coronavirus patients. Once hailed as a wonder drug, its efficacy was disputed by the World Health Organization.

Delivery group Just Eat Takeaway.com reported a 79 per cent rise in first-quarter orders, leading its shares to climb nearly 3 per cent in Amsterdam. Just Eat processed about 200m orders in the first three months of this year. London posted triple-digit order growth.