After investor pressure, Intel says CEO to step down

22:42, January 13, 2021

• 

  Sinovac CEO says COVID-19 vaccine safe and efficient

  The coronavirus vaccine developed by Chinas Sinovac Biotech has been found to be safe and effective, Yin Weidong, chairman and CEO of the company said in a press briefing held by Chinas Joint Prevention and Control Mechanism of the State Council on Wednesday.Photo: CGTNYin said the company will apply for conditional approval of the vaccine to enter market when all clinical data and materials are ready.Sinovac has a production capacity of 500 million doses per year and passed the quality review of five countries including Brazil and Turkey, according to the CEO.Interim data from a late-stage trial in Turkey showed the vaccine to be 91.25 percent effective, while it showed an efficacy of 64.5 percent in Indonesia, Yin said. In Brazil, the trial results showed the vaccine to be 100 percent effective in preventing severe cases, according to Yin.Over 7 million doses of Sinovacs vaccine have been distributed across the Chinese mainland and large-scale inoculation is underway in regions including Beijing and Guangdong Province, Yin said. He added the pharmaceutical company has applied for registration documents in the Hong Kong Special Administrative Region and will deliver 1 million doses there on time.

• 

  EU investors start to look beyond London

  The British union flag flutters on the Victoria Tower at the Houses of Parliament, as Parliament is recalled to ratify legislation confirming Britains departure from the European Union, in London, Britain on Dec 30, 2020. (Photo: agencies)Liquidity shifting away from the British capital may cause market fragmentationOn the first day of trading after the Brexit transition period ended, billions of pounds worth of European Union share dealing was moved out of London to exchange platforms in Madrid, Frankfurt and Paris.The Financial Times reported on Refinitiv data that showed close to 6 billion euros ($7.1 billion) in share dealing was rerouted to rival European marketplaces on Monday.British financial companies warned during the transition that London could lose its role as the financial capital of Europe and had called for so-called "equivalency "rules that would allow the cross-border share trading market to remain intact.The United Kingdoms post-Brexit trade deal, agreed last month with the EU, mostly omitted financial services, and blanket access for British companies to the EU ended on Jan 1.EU banks and asset managers must now use a platform inside the bloc for euro share trading.Just hours before the new rules came into force and in a bid to avoid disruption, the UKs market regulator said it would temporarily allow UK financial companies to use venues in the bloc.If the Financial Conduct Authority had not made this intervention, UK and EU participants would have been unable to trade swaps as the EU had refused to lift its ban on trading swaps on platforms in London.The UK regulator said it would consider by March 31 whether "market or regulatory developments warrant a review" of its approach.Despite the changes, Reuters reported that London would still be able to dominate its rival European finance centers when it comes to trading stocks, currencies and derivatives, but that shifting capital out of London could "cause un...

• 

  Japan's variant cases add to pressures on Olympics

  A man wearing a protective face mask walks in front of a wall decoration featuring Tokyo 2020 Olympic Games mascot Miraitowa and Paralympic mascot Someity, amid the coronavirus disease outbreak in Tokyo, Japan December 24, 2020.A new coronavirus variant was found in four passengers arriving from Br