Canada markets open in 1 hour 35 minutes

  • S&P/TSX

    19,321.92
    +150.26 (+0.78%)
     

  • S&P 500

    4,170.42
    +45.76 (+1.11%)
     

  • DOW

    34,035.99
    +305.10 (+0.90%)
     

  • CAD/USD

    0.7996
    +0.0019 (+0.24%)
     

  • CRUDE OIL

    63.46
    0.00 (0.00%)
     

  • BTC-CAD

    76,160.85
    -2,310.00 (-2.94%)
     

  • CMC Crypto 200

    1,353.20
    -27.75 (-2.01%)
     

  • GOLD FUTURES

    1,778.00
    +11.20 (+0.63%)
     

  • RUSSELL 2000

    2,257.07
    +9.35 (+0.42%)
     

  • 10-Yr Bond

    1.5300
    0.0000 (0.00%)
     

  • NASDAQ futures

    14,029.25
    +15.25 (+0.11%)
     

  • VOLATILITY

    16.62
    -0.37 (-2.18%)
     

  • FTSE

    7,019.27
    +35.77 (+0.51%)
     

  • NIKKEI 225

    29,683.37
    +40.68 (+0.14%)
     

  • CAD/EUR

    0.6670
    +0.0012 (+0.18%)
     

World's most expensive cities to visit

  • 10. Punta Cana, Dominican Republicn. $435.66
    1/4

    10. Punta Cana, Dominican Republicn

    10. Punta Cana, Dominican Republicn. $435.66
  • 9. Cancun, Mexico. $441.06
    2/4

    9. Cancun, Mexico

    9. Cancun, Mexico. $441.06
  • 7. London, U.K. $451.35
    3/4

    7. London, U.K.

    7. London, U.K. $451.35
  • Stay in the know at a glance with the Top 10 daily stories

    Yahoo News is better in the app

    Stay in the know at a glance with the Top 10 daily stories

  • 2. Zurich, Switzerland. $523.41
    4/4

    2. Zurich, Switzerland

    2. Zurich, Switzerland. $523.41
10. Punta Cana, Dominican Republicn. $435.66
9. Cancun, Mexico. $441.06
7. London, U.K. $451.35
2. Zurich, Switzerland. $523.41

A TripAdvisor survey has issued a list of the most expensive cities to visit this summer. The numbers are based on the cost of drinks, a two-course dinner, taxi rides and overnight stay at a four-star hotel.

Latest Stories

  • Teenage Queen and Prince Philip pictured together in rare images from 1939

    The pictures were unearthed from a private collection and show Philip looking after a 13-year-old Elizabeth.

  • Citibank exit: Why foreign banks are leaving India

    Due to the restrictive regulatory regime for branch licensing, foreign banks have not been able to build scale in consumer and/or institutional banking.

  • The Latest: Ukraine gets 117,000 Pfizer doses via COVAX

    KYIV, Ukraine — Ukraine received its first 117,000 doses of the Pfizer COVID-19 vaccine through the COVAX global vaccine sharing program on Friday. Under a contract between Kyiv and Pfizer, the country expects a shipment of 10 more million doses in May-June. Ukraine reported 17,479 new coronavirus cases on Friday. Ukraine’s chief health doctor, Victor Liashko, says immunization with the Pfizer shot will begin on Sunday in the Kyiv region and offered across the country on Monday. Residents and staff of Ukraine’s retirement homes will be the first in line to get the shot, then it will be offered to emergency officials and border guards. Ukraine started vaccinations in February after receiving 500,000 doses of the AstraZeneca shot from India. The immunization campaign has been hampered by widespread reluctance to take the vaccine, with only 432,817 people getting at least one shot so far. Kyiv has ordered 1.9 million doses of the coronavirus vaccine developed by the Chinese drug maker Sinovac Biotech. Struggling to contain the soaring infections, the Ukrainian authorities introduced lockdown restrictions in many of the country’s regions. Ukraine’s Health Minister Maksym Stepanov says the measures helped stabilize the situation. The former Soviet nation of 41 million has registered 1.9 million cases and more than 39,000 confirmed deaths. ___ THE VIRUS OUTBREAK: — China’s success at controlling the coronavirus outbreak leaves its public reluctant to get vaccinated — Shortage of intubation drugs is the latest problem the pandemic has brought in Brazil — Louisiana is making a full-court press to get shots in arms, with creative outreach to make it easy to get vaccinated — Tokyo Olympic organizers again say postponed games will open in just 100 days despite Japan's virus surge — Follow AP’s pandemic coverage at https://apnews.com/hub/coronavirus-pandemic and https://apnews.com/hub/coronavirus-vaccine ___ HERE’S WHAT ELSE IS HAPPENING: DHAKA, Bangladesh — Bangladesh recorded 101 new deaths, the highest in a day, raising the nation’s confirmed death toll to 10,181. The country registered another 4,417 positive cases in the last 24 hours, raising the total cases to 711,779, according to the Ministry of Health Affairs, The new figures came amid reports that may hospitals in the capital, Dhaka, were overwhelmed with patients despite a nationwide lockdown. Officials say the number of deaths has increased in recent weeks as new strains of the virus were spreading quickly. They say the number of daily cases has increased seven-fold in a month while the number of deaths has doubled in recent weeks. Using the AstraZeneca vaccine from India’s Serum Institute, some 5.7 million people have been inoculated with the first dose while another 900,000 people have received the second dose. ___ GENEVA — The head of the World Health Organization said coronavirus cases are continuing to rise globally at “worrying” rates and noted that the number of new cases confirmed per week has nearly doubled during the past two months. At a press briefing on Friday, WHO Director-General Tedros Adhanom Ghebreyesus said the number of new cases “is approaching the highest rate of infection that we have seen so far in the pandemic.” Tedros said some countries that had been able to avoid widespread COVID-19 outbreaks are now seeing steep increases, citing Papua New Guinea as an example. “Until the beginning of this year, Papua New Guinea had reported less than 900 cases and nine deaths,” Tedros said. The noted. The country has now identified more than 9,000 cases and 83 deaths, half of which were reported in the last month. “Papua New Guinea is a perfect example of why vaccine equity is so important,” Tedros said, adding that the Pacific island nation has relied on vaccine donations from Australia and the U.N.-backed COVAX initiative. To date, COVAX has shipped about 40 million vaccines to more than 100 countries, or enough to protect about 0.25% of the world’s population. ___ NEW DELHI — The chief executive of India's Serum Institute, the world’s largest maker of vaccines and a critical supplier of the U.N.-backed COVAX initiative, asked U.S. President Joe Biden to lift an embargo on exporting the raw materials needed to makeCOVID-19 vaccines. Adar Poonawalla wrote to Biden on Twitter: “If we are to truly unite in beating this virus, on behalf of the vaccine industry outside the U.S., I humbly request you to lift the embargo of raw material exports out of the U.S. so that vaccine production can ramp up.” Poonawalla told the The Associated Press earlier that the unavailability of certain raw materials, such as the specific medium needed to grow microorganisms, was going to affect the Serum Institute’s production of a vaccine developed by American pharmaceutical company Novavax. The Serum Institute and Novavax have inked a deal to supply 1.1 billion doses of vaccine to COVAX. India on Friday confirmed over 200,000 new virus cases in 24 hours. Amid a surge that has overwhelmed hospitals and left unprepared authorities scrambling, the country has been trying to vaccinate enough people to slow the spread of the virus. To do so, India has paused vaccine exports to other nations. ___ MANILA, Philippines — President Rodrigo Duterte said it’s uncertain when the Philippines can get adequate COVID-19 vaccines while warning more people will die and “the worst of times” is yet to come. Duterte said his administration has done its best despite criticism and he could use emergency power, for example, to take over hotels if hospital room shortages worsen. But he said wealthy nations control the vaccine supply and other countries could hardly do anything but wait. “When will we have that stocks sufficient to vaccinate the people? I really do not know. Nobody knows,” Duterte said in a televised meeting Thursday night with key Cabinet members. “I think before it gets better, we’ll have to go to the worst of times.” “There’s no sufficient supply to inoculate the world. This will take a long time. I’m telling you many more will die here.” The Philippines has received more than 3 million doses of Sinovac and AstraZeneca vaccines, most of it donated by China and through the COVAX arrangement by the World Health Organization. At least 1.2 million people have been given initial doses. The government aims to purchase at least 148 million doses to inoculate about 70 million adult Filipinos but the plan has faced supply problems and delays. The vaccination delays have coincided with an alarming surge in coronavirus infections that the government has been scrambling to ease in the hard-hit capital and four outlying provinces. The Philippines has long been a coronavirus hotspot in Southeast Asia with more than 904,000 infections and 15,594 deaths. ___ COPENHAGEN, Denmark — Denmark is opening up faster than initially planned and allowing restaurants to serve patrons indoors starting next Wednesday providing they have been vaccinated against the coronavirus or can show negative test results. The limit on outdoor public gatherings will also be raised to 50 from 10 on April 21. Soccer fans will also be allowed to return to stadiums. A vast majority of Danish lawmakers agreed Friday on the reopening plan for next week. Health Minister Magnus Heunicke said, “It will shape our daily lives in a positive direction.” Denmark's coronavirus outbreak is largely under control. Hair salons and smaller shopping malls already have reopened, and as of Monday, people will be able to go to larger shopping malls and department stores. ___ SACRAMENTO, Calif. — Gov. Gavin Newsom says nearly half of Californians eligible for vaccination have received at least one shot against the coronavirus. He is urging more residents to sign up for appointments and not let apprehension get in the way of getting protected against the illness. The nation’s most populous state on Thursday began vaccinating anyone age 16 and over regardless of occupation or health condition. The move comes as California and other states have seen vaccine supplies rise in recent weeks. But officials are working to address hesitancy, particularly in some of the communities hit hardest by the pandemic. ___ NEW YORK — New U.S. government data show the country had approximately 600,000 more deaths than usual during a 13-month span. The coronavirus was blamed for most of those deaths. The Centers for Disease Control and Prevention released the estimate Thursday. It covers Jan. 26, 2020, to Feb. 27. The coronavirus was first detected in the U.S. in late January of last year. CDC researchers say the biggest spikes in the deaths occurred in early April, late July, and the very end of December. At least 75% of the deaths were directly tied to COVID-19, but the estimate includes deaths from all causes. This week, the CDC released provisional data through the end of September 2020 that suggested drug overdose deaths for the year were far exceeding tallies seen in any previous year. The CDC says more than 87,000 deaths were reported over a 12-month period. ___ The Associated Press

  • Family Offices Targeting 800% Returns With SPAC Economics

    (Bloomberg) -- The Pritzkers built an empire spanning hotels to manufacturing before agreeing two decades ago to split up their fortune among 11 descendants.Karen Pritzker, one of the heirs, has parlayed that wealth into venture capital, backing firms such as Snap Inc. and Spotify Technology. Now she’s joined the wave of investors turning to blank-check firms.The Pritzker Vlock Family Office is the anchor investor for Thimble Point Acquisition Corp., a special purpose acquisition company that raised almost $300 million in an initial public offering in February. Executives from the family office, named after Pritzker and her late husband Michael Vlock, are leading the venture, which will focus on software and technology.“It allows us to be able to take companies public and kind of complete the full life cycle,” said Elon Boms, 40, Thimble Point’s chief executive officer and managing director of the family office, which committed $50 million to the SPAC ahead of its IPO.Growing ForceThe SPAC boom has attracted financiers, former politicians, athletes and celebrities willing to use their fame to attract retail and institutional investment. About 600 blank-check companies have raised more than $182 billion since the beginning of 2020, according to data compiled by Bloomberg.But family offices — the discrete, sometimes secretive firms that manage the affairs of the ultra-rich — have been one of the biggest driving forces.While large family offices have long been investors in private equity and real estate, the recent flurry of SPAC bets show how they’re becoming a growing force in public markets. This comes at a time when some critics are pushing for more regulation of the investment firms following the implosion of Bill Hwang’s Archegos Capital Management, which has inflicted billions of dollars of losses from banks.Family offices are largely exempt from registering with the U.S. Securities and Exchange Commission, but SPACs have to file with the regulator, providing insight into how billionaires are managing their money.Family offices and firms linked to them have launched — or sponsored — at least a dozen SPACs that have raised about $4.5 billion in the past year with a further $1 billion in pending offerings, according to data compiled by Bloomberg.Och, SternlichtFormer hedge-fund manager Dan Och has been particularly active through his Willoughby Capital. The New York-based firm has invested in a blank-check company targeting China’s consumer industry and also holds a stake in Thimble Point, according to a person familiar with the deal. A SPAC he’s sponsored, Ajax I, is merging with U.K.-based used-car platform Cazoo in a deal valued at about $7 billion.Barry Sternlicht’s family office is affiliated with the creation of six SPACs. Meanwhile, a blank-check firm set up by a co-founder of Michael Dell’s family office raised almost $600 million in its IPO last month, while Tom Barrack’s family office Falcon Peak is sponsoring Falcon Acquisition, a blank-check company that’s filed for a $250 million public offering.Most SPACs have been created in the U.S., but the trend has gone global. Black Spade Capital, the Hong Kong-based family office of casino mogul Lawrence Ho, has got in on the action. London-based billionaire Mohamed Mansour’s Man Capital invested in Grab Holdings Inc., Southeast Asia’s most valuable startup, before it announced a $40 billion tie-up on Tuesday.Rich families are even joining forces. NNS Group, the family office of Egypt’s Nassef Sawiris, teamed with an investment firm for the Frere and Desmarais families to launch Avanti Acquisition Corp., which is targeting European businesses after raising $600 million through its U.S. offering.‘Very Active’“Sophisticated family offices have been very active,” said Luigi Pigorini, head of Europe, Middle East and Africa at Citi Global Wealth. “They have incredible connections, knowledge and investment capabilities — all of these are important characteristics.”The SPAC mania is showing signs of wear and tear with clogged deal pipelines, heightened regulatory scrutiny and concerns over the quality of the deals that have been done.Real estate titan Sternlicht joked that a member of his domestic staff — his “very talented house manager” — probably could pull off a SPAC. He told CNBC last month that “if you can walk, you can do a SPAC,” and pointed out that many of the people behind blank-check firms are failed money managers or executives.“Three days due diligence means you check the letterhead and find out if the company exists,” Sternlicht told CNBC. “It’s a little out of control. No, it’s a lot out of control.”But Sternlicht is convinced he’s got the secret sauce. His Jaws Spitfire Acquisition Corp. is merging with Velo3D, a maker of 3-D metal printers, valuing the company at $1.6 billion. Jaws Acquisition Corp., another SPAC he’s backed, is merging with health-care provider Cano in a deal valued at $4.4 billion.Bolster ReturnsEven if SPACs flounder, it won’t necessarily hurt the family offices that have already launched blank-check companies.SPAC sponsors typically buy shares in firms they create at a fraction of the standard $10 price offered to IPO investors. They usually own about 20% of the blank-check firm’s equity after it goes public and can bolster their returns further through debt or equity financing and stock options.The family office of payments-processing entrepreneur Ed Freedman, for example, is linked to the sponsor of Stable Road Acquisition Corp., which agreed in October to merge with space-transportation company Momentus. The blank-check firm, which has until next month to complete the deal, is seeking shareholder approval to extend the deadline.If they fully vest, a group of shares the sponsor acquired for about $5 million will be worth more than nine times that amount — an 800% gain — even if the company’s stock price remains at $10, according to data compiled by Bloomberg. Freedman’s family office has also loaned the SPAC $300,000 and agreed to invest an additional $3 million at a price of $10 per share, filings show. Stable Road closed Thursday at $10.56 a share.A Stable Road spokesperson declined to comment.SPACs typically have as long as two years to find a company to acquire. If they fail to do so, they have to return cash plus interest to investors, while the sponsor forfeits their original investment.Thimble Point’s Boms said he began considering a SPAC about a year ago after trying to take companies public through reverse mergers. He said he’s had more than 100 meetings with prospective acquisitions since the company’s IPO. Of the roughly 600 SPACs that have listed since the start of last year, less than a third have announced deals and about 30 have completed them, according data compiled by Bloomberg.“We have a very, very solid hit list,” Boms said. “We are talking to people right now.”(Updates with details of Tom Barrack family office in 11th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

  • Kentucky group part of landmark physics experiment that points to a ‘gap in our knowledge’

    On a February Zoom call, a team of University of Kentucky professors held their breath alongside hundreds of their colleagues across the country, waiting to find out the results of three years of work.

  • Russia's plan to restrict foreign warships near Crimea will keep Kerch Strait open: RIA

    Russia's plan to temporarily restrict movement of foreign warships in part of the Black Sea will not affect the nearby Kerch Strait, the RIA news agency reported on Friday, signalling lower risks for regional trade from Russia-Ukraine tensions. The Kerch Strait is a crucial part of the regional grain trade connecting the Azov sea with the Black Sea. The right of passage of foreign warships and "other state ships" will be suspended in three spots near Crimea's Black Sea coast from April 24 until October 31, RIA said, citing Russia's defence ministry.

  • Hong Kong: Jimmy Lai sentenced to 14 months for pro-democracy protests

    Jimmy Lai, the owner of Hong Kong’s last opposition newspaper, is a fierce critic of Beijing.

  • Stock market news live updates: Stock futures drift after S&P 500, Dow log record highs

    Stock futures traded sideways Friday morning after another record-setting day on Wall Street, with a batch of stronger-than-expected economic data and corporate earnings results helping fuel a risk rally.

  • Samsung Days sale: Cashback of up to Rs 10,000 on Galaxy S21 series, Galaxy F41, Galaxy M51 and more

    Buyers will get a 10 percent instant cashback of up to Rs 1,000 on HDFC Bank credit and debit cards on M-series, A-series and F-series.

  • Prince Philip funeral: all eyes on William and Harry and the Queen

    Prince Philip funeral: all eyes on William and Harry and the QueenBody language experts will aim to dissect estranged princes’ movements and the Queen will pay silent tribute to her husband Prince Harry and Prince William in 2015. Senior royals must wear civilian clothes to Prince Philip’s funeral. Photograph: Kirsty Wigglesworth/AP

  • Queen needs support during ‘anguished moment’ – Archbishop of Canterbury

    The Most Rev Justin Welby said he expected the monarch to show ‘extraordinary courage and dignity’ during the Duke of Edinburgh’s funeral.

  • Delhi COVID-19 cemetery running low on space as deaths mount

    Beating the earth with his fists, a young man wails as the body of his father, who died after contracting COVID-19, is taken from an ambulance and lowered into a hastily-dug grave in India's capital New Delhi. The city's main Muslim graveyard for victims of COVID-19 is running out of space, according to authorities, as cases in Delhi and across the country run out of control following the relaxation of almost all curbs on movement last year. India, a country of almost 1.4 billion people, has reported more than 200,000 new daily cases for the last two days, the highest in the world, with Delhi overtaking Mumbai as the country's worst-hit city.

  • Pfizer boss says third Covid-19 jab 'likely needed' within 12 months

    The head of the Pfizer pharmaceutical company has warned that people will probably need a third dose of his laboratory's Covid-19 shot within six to 12 months of vaccination, adding that annual booster shots may also be required. The Pfizer chief has defended the relatively higher cost of the treatment. Speaking in an interview on American television, Pfizer CEO, Albert Bourla, said that his company was currently evaluating long-term vaccination needs, but that a third dose and annual revaccination were a "likely scenario"."We need to see what would be the sequence, and for how often we need to do that, that remains to be seen," Bourla told CBC. The whole situation needs to be confirmed, he said, adding that variants will play a "key role"."It is extremely important to suppress the pool of people that can be susceptible to the virus," he said.Protection horizon currently unknownResearchers currently don't know for how long vaccines will provide protection against the coronavirus.Pfizer published a study earlier this month claiming that its jab is more than 91 percent effective at protecting against the coronavirus, and more than 95 percent effective against severe cases of Covid-19 for up to six months after the second dose.But researchers say more data is needed to determine whether protection lasts beyond six months.David Kessler, the head of US President Joe Biden's Covid-19 response team, warned a congressional committee on Thursday that Americans should expect to receive booster shots to defend against coronavirus variants."We don't know everything at this moment," he told the House Coronavirus Crisis Subcommittee. "We are studying the durability of the antibody response."It seems strong but there is some waning of that and no doubt the variants challenge" that, he said. "I think for planning purposes, planning purposes only, I think we should expect that we may have to boost."Pfizer defends price and profit policyBourla also on Thursday defended the price of his company's vaccine, saying the product is saving lives and will not be sold to poor countries for a profit."Vaccines are very expensive," Bourla said in an interview with several European news outlets."They save human lives, they allow economies to reopen, but we sell them at the price of a meal," he was quoted as saying.According to data released several months ago by a member of the Belgian government, the Pfizer coronavirus jab has been the most expensive one for the European Union, along with the vaccine produced by rival company Moderna.Bulgarian Prime Minister Boyko Borissov explained earlier this week that the Pfizer vaccine's price was rising as sales were being negotiated, costing as much as 19.50 euros, up from 12 euros.Pfizer ten times more costly than rival jabThe prices are in sharp contrast to those of the rival shot produced by British-Swedish drugmaker AstraZeneca. The producers of the AZ treatment have vowed not to make a profit on the product during the pandemic and have sold it to the EU for less than two euros a unit.Bourla did not confirm the price of the Pfizer vaccine but admitted that it was sold at a higher price to developed countries like those in the EU or the United States."In middle-income countries, we sell it for half the price," he said. "In poorer countries, including in Africa, we sell it at cost."Bourla also said that Pfizer is working on a new formula that would allow the vaccine to be stored for four to six months at a normal temperature, rather than the minus 70 degrees Celsius which is currently required.

  • Indian goalkeeper Aditi Chauhan signs for Icelandic club Hamar Hveragerdi

    Hamar Hveragerdi compete in the third division of the women’s football league in Iceland.

  • US says Russia was given Trump campaign polling data in 2016

    WASHINGTON — It was one of the more tantalizing, yet unresolved, questions of the investigation into possible connections between Russia and Donald Trump's 2016 presidential campaign: Why was a business associate of campaign chairman Paul Manafort given internal polling data — and what did he do with it? A Treasury Department statement Thursday offered a potentially significant clue, asserting that Konstantin Kilimnik, a Russian and Ukrainian political consultant, had shared sensitive campaign and polling information with Russian intelligence services. Kilimnik has long been alleged by U.S. officials to have ties to Russian intelligence. But the statement in a broader Treasury Department sanctions announcement was the first time the U.S. government had so directly drawn a connection from the Trump campaign to the Kremlin's intelligence services. The revelation was all the more startling because it went beyond any allegation made in either special counsel Robert Mueller's 2019 report or in an even more damning and detailed document released last year by the Senate Intelligence Committee. Both those investigations were unable to determine what Kilimnik did with the data and whether he shared it further. The issue resurfaced Thursday because Kilimnik was one of 32 people and entities sanctioned by the U.S. government for interference in the 2020 election. Officials say Kilimnik sought to promote the bogus narrative that Ukraine, not Russia, had interfered in the 2016 election. Kilimnik was a key but mysterious figure in Mueller's investigation into potential co-ordination between Russia and the 2016 Trump campaign. A business associate of Manafort's who worked closely with him, even managing his firm's office in Kyiv, Kilimnik is mentioned by name 156 times in the Mueller report. He was also indicted alongside Manafort on witness tampering allegations, but has not appeared in the U.S. to face those charges. The FBI has issued a $250,000 award for information leading to his arrest. A key episode examined by Mueller involved Manafort's decision to share campaign polling data with Kilimnik — something prosecutors say Manafort lied about when questioned. Investigators scrutinized a series of secretive encounters between the men, including one in August 2016 at the Grand Havana Club in New York. There, according to statements provided by Mueller, Manafort briefed Kilimnik on internal campaign data and messaging and they discussed battleground states. The exchange of polling data was an eye-catching data point, especially since it suggested Russia could have exploited such inside information to target influence campaigns aimed at boosting Trump's election bid in 2016. But Mueller's team said it couldn't “reliably determine” Manafort's purpose in sharing it, nor assess what Kilimnik may have done with it — in part due to questions over Manafort's credibility. The Senate committee also came up empty, though its report drew attention for its characterization of Kilimnik as a Russian intelligence officer. It was not clear what new information, if any, led to the Treasury Department's assessment that Kilimnik had “provided the Russian Intelligence Services with sensitive information on polling and campaign strategy.” A Treasury Department spokesman did not return an email seeking comment. ____ Follow Eric Tucker on Twitter at http://www.twitter.com/etuckerAP Eric Tucker, The Associated Press

  • AP Interview: China says US 'too negative' toward China

    BEIJING — A top Chinese diplomat has called U.S. policy on China “too negative,” saying it highlights confrontation over co-operation. Vice Minister of Foreign Affairs Le Yucheng said Friday that co-operation could be critically important as U.S. President Joe Biden’s administration focuses on COVID-19 and economic recovery. Le told The Associated Press in an interview that the two countries could tide over many difficulties by working together. He said the emphasis on competition and confrontation lacks a forward-looking spirit. THIS IS A BREAKING NEWS UPDATE. The AP’s previous story is below: A leading Chinese diplomat said Friday that his country, the world’s largest carbon emitter, plans to send a “positive message” at a climate change meeting called by U.S. President Joe Biden for next week. But Vice Minister of Foreign Affairs Le Yucheng also signalled that China is unlikely to make any new proposal beyond its current commitments on climate change. “For a big country with 1.4 billion people, these goals are not easily delivered," he said in a wide-ranging interview with The Associated Press. "Some countries are asking China to do more on climate change. I am afraid this is not very realistic.” He spoke as Biden’s climate envoy, John Kerry, was discussing the issue on the second day of closed-door meetings with Chinese counterparts in Shanghai. Le said he had no details on those meetings. Chinese President Xi Jinping announced last year that China would be carbon-neutral by 2060 and aim to reach a peak in its emissions by 2030. Biden has invited 40 world leaders, including Xi, to an April 22-23 virtual climate summit. The U.S. and other countries are expected to announce more ambitious national targets for cutting carbon emissions and pledge financial help for climate efforts by less wealthy nations. Le didn't say whether Xi would join the summit, but said “the Chinese side is actively studying the matter.” The Associated Press

  • Dimensional Fund Advisors Ltd. : Form 8.3 - AGGREKO PLC - Ordinary Shares

    FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Dimensional Fund Advisors Ltd. (“Dimensional”), in its capacity as investment manager and on behalf its affiliates who are also investment managers. Dimensional and its affiliates expressly disclaim beneficial ownership of the shares described in this form 8.3(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named. (c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree Aggreko plc(GB00BK1PTB77)(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure 15 April 2021(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A” N/A If YES, specify which: 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security: 4 329/395 p Ordinary Shares Interests Short positions Number % Number %(1) Relevant securities owned and/or controlled: 10,434,936* 4.07% (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL: 10,434,936 4.07% *Dimensional Fund Advisors Ltd. and / or its affiliates do not control voting discretion for 333,629 shares. All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors’ and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant security Purchase/sale Number of securities Price per unitOrdinary Shares Sale 44,745 GBP 8.7260 (b) Cash-settled derivative transactions Class of relevant security Product descriptione.g. CFD Nature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Typee.g. American, European etc. Expiry date Option money paid/ received per unit (ii) Exercise Class of relevant security Product descriptione.g. call option Exercising/ exercised against Number of securities Exercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant security Nature of dealinge.g. subscription, conversion Details Price per unit (if applicable) 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state “none” (c) Attachments Is a Supplemental Form 8 (Open Positions) attached? NO Date of disclosure: 16 April 2021 Contact name: Thomas HoneTelephone number: 020 3033 3419 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

  • $35.98 Bn Healthcare Gamification Market, 2027 - ResearchAndMarkets.com

    The "Healthcare Gamification Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Game Type; Application; End User, and Geography" report has been added to ResearchAndMarkets.com's offering.

  • Stitch Fix CEO Transition: What Investors Need To Know

    Founder Katrina Lake is stepping down from the helm of the online styling service. Here's what it means for investors.

  • Dear PM Modi, Lord VISHNU Can Rescue India’s Vaccination Campaign

    VISHNU, the Preserver, could be the invocation that shall bless, redeem India’s flailing COVID-19 inoculation drive.