World Bank might suspend financing of vaccines to Lebanon

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• World Bank might suspend financing of vaccines to Lebanon The World Bank threatened Tuesday to suspend financing for coronavirus vaccines in Lebanon over what it said were violations by members of parliament who were inoculated without registering in advance. Such a move by the World Bank would have grave consequences as Lebanon struggles through severe financial and economic crises and is in desperate need of aid. The World Bank said last month it approved $34 million to help pay for vaccines for Lebanon that will inoculate over 2 million…
• More stimulus money and wider vaccination lifted Fed officials' economic outlooks, minutes show Summary List PlacementFederal Reserve officials' view of the US economy improved in January as vaccines rolled out and Democrats pushed for additional fiscal stimulus, according to meeting minutes published Wednesday. Members of the Federal Open Market Committee met on January 26 and 27 to discuss the central bank's policy stance and developments in the country's economic recovery. Officials noted that the pandemic had worsened in recent months, placing new pressure on the industries hardest hit by the health crisis. Yet…
• THE MILLENNIAL FINANCIAL HEALTH REPORT: How the largest generation is saving and managing their money, and how banks can target products and messaging to reach them Summary List Placement This is a preview of the Insider Intelligence Millennial Financial Health premium research report. Purchase this report here. Insider Intelligence offers even more banking coverage with our Banking Briefing. Subscribe today to receive industry-changing financial news and analysis to your inbox. As the largest living generation by population, and soon income, millennials are a prime target for banks — butovergeneralizations of their financial health make it hard to attract the group. Millennials have been the subject of…
• Federal Reserve sees modest pickup in hiring this month The Federal Reserve says there's evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. In its semi-annual monetary policy report released Friday, the Fed said it has been watching job data compiled by payroll processor ADP. The Fed has constructed its own measurement of hiring using the ADP data, and said that gauge has closely matched the government's monthly jobs reports throughout the pandemic. “The ADP data indicate that employment…
• Federal Reserve sees modest pickup in hiring this month The Federal Reserve says there's evidence that hiring has picked up in recent weeks, though the job market remains badly damaged by the pandemic. In its semi-annual monetary policy report released Friday, the Fed said it has been watching job data compiled by payroll processor ADP. The Fed has constructed its own measurement of hiring using the ADP data, and said that gauge has closely matched the government's monthly jobs reports throughout the pandemic. “The ADP data indicate that employment…
• In a shocking act of retaliation Thursday, Facebook blocked Australians from sharing news, a milestone in the increasingly frantic jockeying between governments, media and powerful tech companies that one Australian minister called “an assault on a sovereign nation” and abuse of power. Australia's government condemned the decision, which also prevented some government communications, including messages about emergency services, as well as some commercial pages. The digital platforms fear that what's happening in Australia will become an expensive precedent that larger…
• Judge orders release of Bay Point man who allegedly threatened Congressman, journalist SAN FRANCISCO — A Bay Point man who is facing federal charges in New York of threatening a member of Congress and a prominent journalist has been ordered released to his mother’s custody, though prosecutors indicated they will appeal the ruling. Robert Lemke, 35, was ordered released by U.S. Magistrate Judge Laurel Beeler at a Monday morning court hearing. Beeler had previously denied Lemke’s release from Santa Rita Jail in Dublin, but she said a mental health evaluation submitted by…
• Covid-19 hasn’t just been a bigger threat to BAME communities’ health – it’s hit their wallets harder too Muslim communities, in particular, are simply not catered to by the financial industry (Picture: Getty Images)Covid-19 has exposed pre-existing inequalities in our society. But while the increased health risks to BAME communities have been widely discussed, the disproportionate financial impact has received less attention.  As we come out of the pandemic, we need to prioritise financial access and education for the BAME communities who have been hardest hit by Covid-19’s economic fallout. Too often, these groups go without the savings…
• Hamas-ruled Gaza launches coronavirus vaccination drive The Hamas-ruled Gaza Strip began its coronavirus vaccination drive on Monday following the arrival of the first vaccines to the blockaded coastal area. Former health ministers and several medical workers were inoculated with Russia’s Sputnik V jabs in front of dozens of cameras. More medical workers and patients with chronic diseases are to start receiving injections on Tuesday. The inoculation drive “will result in more immunity among the people and further curb the spread of the pandemic,” said Health Ministry…
• After delay, Israel allows vaccines into Hamas-run Gaza Medics and police officers check a shipment of Russian Sputnik V coronavirus vaccines inside a truck at the Kerem Shalom border crossing, in Rafah, Gaza Strip, Wednesday, Feb. 17, 2021. The Palestinian Authority said Wednesday that it dispatched the first shipment of coronavirus vaccines to the Hamas-ruled Gaza Strip, two days after accusing Israel of preventing it from sending the doses amid objections from some Israeli lawmakers. | APPalestinian Health Minister Mai Alkaila said in a statement that the PA…