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Thread: Financial caricatures by MT5 portal

  1. #3201 Collapse Post
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    China refuses to give WHO data on early COVID-19 cases
    China’s government refused to provide World Health Organization investigators with raw, personalized data on early coronavirus cases. Previously, Chinese officials and scientists shared with WHO experts their own extensive summaries and analysis of data on the cases. However, suspiciously enough, the WHO team was not allowed to study the raw underlying data on those retrospective studies. It could enable them to conduct their own analysis on how early and extensively the virus started to spread in China.
    As a result, the WHO team was unable to gain access to the necessary information about early cases of coronavirus infection. According to The Wall Street Journal (WSJ), citing WHO representatives, Beijing had rejected all requests for revealing information about 174 cases of COVID-19 detected in Wuhan in December 2019.
    "That's standard practice for an outbreak investigation. Gaining access to the raw data was especially important since only half of the 174 cases had exposure to the Huanan market, the now-shuttered wholesale seafood centre in Wuhan where the virus was initially detected," Dominic Dwyer, an Australian infectious disease expert, told the Reuters. "Why that doesn't happen, I couldn't comment. Whether it's political or time or it's difficult ... But whether there are any other reasons why the data isn't available, I don't know. One would only speculate," he highlighted. The Chinese authorities provided an analysis of medical records made several months before COVID-19, while Chinese scientists offered their own versions of the appearance and spread of the epidemic. That’s it.
    WHO experts were not allowed to review the raw data that could shed light on the origin of the coronavirus. WHO specialists planned to conduct their own tests but they had to abandon a full-fledged epidemiological study. The National Health Commission of the People's Republic of China and the Ministry of Foreign Affairs did not comment on this situation.
    On Tuesday, February 9, WHO experts reported on the preliminary results of the investigation. They rejected the version about the artificial origin of SARS-CoV-2. They believe that COVID-19 got to people from bats through some intermediate link. Scientists studied several versions of what happened. According to experts from the University of Cambridge, the Potsdam Institute for the Study of Climate Change, and the University of Hawaii, the transmission of the virus from animals to humans was facilitated by climate changes in the south of China. In this region, the number of bats has increased significantly, which has caused the emergence of new types of coronaviruses, including those that are dangerous to humans.

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    Tesla to recall 12,300 vehicles with faulty mouldings
    According to Germany’s motor transport authority (KBA), US electric car manufacturer Tesla will have to recall around 12,300 Model X cars worldwide. The reason is the problem with car body mouldings that could fall off the vehicle, Reuters report.
    KBA said that all the cars built in 2015 and 2016 must be recalled. In February 2020, Tesla had to recall approximately 15,000 Model X SUVs sold in the US and Canada due to a potential issue that could limit the functioning of power steering assist.
    Back in November 2020, the automaker recalled more than 10,000 of its Model X and Model Y electric vehicles over the roof trim adhesive concerns and the possibility of a faulty steering wheel. A similar situation happened in January 2021. The US National Highway Traffic Safety Administration (NHTSA) insisted that Tesla recall around 158,000 Model X and Model S cars to fix a glitch in the touchscreen, the Wall Street Journal notes. Notably, the main functions in Tesla’s vehicles are controlled through a big central screen.
    According to NHTSA, a 17-inch touchscreen in the Model S and Model X cars can shut off unexpectedly. This poses a threat to road safety. Therefore, Tesla must take precautions in order to avoid potential risks, the agency stresses.
    Amid this news, Tesla’s shares dropped in the New York session. Between February 10 and February 17, the stocks of the electric vehicle maker went down by 2.16%.

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    Bill Gates predicts two disasters after pandemic
    According to Bill Gates, a founder of Microsoft Corporation, after the coronavirus pandemic, people may face two serious threats. He emphasizes that it is very important to withstand them.
    Bill Gates supposes that climate change is the first threat. If these gloomy predictions come true, the life of every person will be in danger. “Every year that would be a death toll even greater than the one we would have in this pandemic,” the Microsoft co-founder said.
    Bioterrorism is the second global threat, according to Mr. Gates. He fears that somebody could engineer a deadly virus that will be able to destroy humanity. In this case, COVID-19 will seem just the tip of the iceberg.
    In October 2020, Bill Gates assumed that the effectiveness of the first coronavirus vaccines could be under question. At the same time, he believes that the rollout of effective and available medication is the only way to come back to normal life.

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    Norway hurt by grave economic crisis
    Referring to Norway’s finance minister Jan Tore Sanner, the COVID-18 pandemic fueled a grave economic crisis in the advanced Nordic economy. The official admitted that such a severe downturn has not been recorded since World War II.
    On February 12, Norway’s statistics bureau reported that the national economy tumbled 2.5% in 2020 on a yearly basis. According to the survey, the economic crisis of 2020 has been officially acknowledged to be the worst since 1970. However, many experts share the viewpoint that the country has been going through the most serious downturn since World War II.
    In the latest government survey, mainland Norway’s GDP mirrors dismal conditions in all economic sectors except for oil drilling and logistics. Interestingly, the finance minister believes that the ongoing crisis is a temporary challenge. Jan Tore Sanner points out that Norway copes with headwinds much better than other economies. The progress is especially evident in such sectors as healthcare and oil production.
    On the minus side, high unemployment is the major concern for the authorities. According to Jan Tore Sanner, the national economy will gain momentum amid the overall slowdown in the pandemic rates which in turn depends on a rapid pace of mass vaccination worldwide. The top official says that the hardest hit sectors in Norway’s economy are transport, tourism, culture, and leisure like anywhere in the world.

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    of the international traders' portal MT5.com.


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    Tesla’s bitcoin investment brings more profit than car sales
    According to the data from BitcoinTreasuries.org, Tesla’s $1.5 billion investment in bitcoin brought the company more profit than its car sales last year. However, Elon Musk has not announced the profit yet as he thinks that the cryptocurrency is overpriced.
    The internet portal shows that in January 2021 Tesla bought $1.5 billion worth of bitcoin. By the end of February, the bitcoin holdings of the carmaker have reached the value of $2.58 billion, thus generating a profit of $1,08 billion in the past month alone.
    Notably, this amount far exceeds the $721 million revenue from electric vehicle sales for the entire year of 2020. Funny enough, the bitcoin investment turned out to be more profitable for the company than its major business.
    Tesla’s management has not yet calculated the profit from digital assets. The company notes that bitcoin is considered an indefinite-lived intangible asset that falls under applicable accounting rules.
    Earlier, Elon Musk, the founder of Tesla, admitted that the investment in bitcoin entails certain risks. Later the billionaire explained that cryptocurrencies, just like fiat money, are used as a means of barter. He also added that BTC seemed slightly overvalued.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Australia vs. Facebook: social media giant blocks news in Australia
    According to Simon Birmingham, the Minister for Trade, Tourism and Investment, Australia will not use Facebook for advertising campaigns and social projects. The government made such a decision after Facebook imposed a number of restrictions in response to a new law. Recently, Facebook has blocked Australian users from reading and sharing local and international news on the platform, stepping up its campaign against the government initiative to force social media giants to pay publishers for their news content.
    The government believes that Facebook unreasonably blocks websites in the country. The current situation led to the rejection of advertising campaigns in the social network by the Australian authorities. Australia called on Facebook to abide by the law. According to Birmingham, the social network should recognize that it needs to behave like any other content publisher. "The proposed law fundamentally misunderstands the relationship between our platform and publishers who use it to share news content. It has left us facing a stark choice: attempt to comply with a law that ignores the realities of this relationship, or stop allowing news content on our services in Australia. With a heavy heart, we are choosing the latter," Facebook wrote in a post.
    Similar situations have already taken place in the Australian digital services market. Earlier, on January 28, 2021, the Australian Competition and Consumer Commission (ACCC) asked the government to investigate the activities of US corporation Google, which began to dominate the national digital advertising market. As a result, Melo Silva, Google's regional director, said that the company would not be able to work under such conditions. The company would have to turn off its Internet search in Australia. The government’s reaction was rather negative. They are ready to introduce restrictive measures if necessary.
    "These actions will only confirm the concerns that an increasing number of countries are expressing about the behavior of Big Tech companies who think they are bigger than governments and that the rules should not apply to them. They may be changing the world, but that doesn't mean they run it," Australian Prime Minister Scott Morrison wrote in a post on his own Facebook page. If the situation worsens, the authorities can properly respond to threats from tech companies, the Australian government stressed.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    Boeing suspends 777s after Denver engine failure
    Boeing, the largest aircraft manufacturer, has suspended flights of the 777-model aircraft, which have the same type of engine that suffered a failure in Colorado. Not long ago, an engine of the plane flying from Denver caught fire and fell apart, scattering debris in a Colorado neighborhood.
    After the incident with the 777 airliner, the manufacturer has recommended suspending flights of these models. "While [an] investigation is ongoing, we recommended suspending operations of the 69 in-service and 59 in-storage 777 aircraft powered by Pratt & Whitney 4000-112 engines," the company said.
    According to the report published on the Boeing website, the National Transportation Safety Board is investigating Boeing 777 jets fitted with the Pratt & Whitney 4000 engine. Currently, Boeing is waiting for a verdict from the Federal Aviation Administration, which should identify an appropriate verification protocol.
    On February 21, 2021, the right engine of a United Airlines 777 caught fire and failed when the plane took off from Denver airport (Colorado) to Honolulu (Hawaii). Airplane debris fell from the sky in Broomfield. There were 241 passengers on board. The plane made an emergency landing at Denver airport. None of the passengers were injured.
    The US Federal Aviation Administration has ordered inspections of Boeing 777 jets. According to Steve Dixon, the FAA administrator, aircraft with engine defects will be withdrawn from service. "Based on the initial information, we concluded that the inspection interval should be stepped up for the hollow fan blades that are unique to this model of engine, used solely on Boeing 777 airplanes," he said.
    Japan temporarily halted flights of the Boeing 777 with Pratt & Whitney 4000-112 engines. The management of Boeing agreed with this decision. The example of Japan was followed by United Airlines, which suspended flights of Boeing 777 airliners with similar engines.

    Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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    COVID-19 deaths exceed human losses in three wars
    According to the data provided by The New York Times, in the US, the number of deaths caused by COVID-19 reached 500 thousand. Experts have estimated that the figure exceeds human losses in three wars, including World War I, World War II, and the Vietnam War.
    At the same time, a report prepared by Johns Hopkins University showed that the coronavirus killed 498.8 thousand people. The US Department of Veterans Affairs emphasizes that World War I took 53.4 thousand lives, whereas in the Second World War, the number of persons killed totaled 291.5 thousand. In the Vietnam War, 47.4 thousand people died.
    Earlier, the US reported on the largest number of new virus cases and deaths from COVID-19. The most significant daily increase was recorded on January 2, 2021. That day, the number of confirmed cases totaled 300 thousand. On February 19, the indicator declined to 106.3 thousand.
    Brazil (246.5 thousand) and Mexico (179.9 thousand) are among the three countries with the biggest number of deaths caused by the coronavirus infection. In Russia, the pandemic took 83.2 thousand lives. The data from the Federal State Statistics Service of Russia unveiled that from April to December 2020, the coronavirus outbreak led to 162.2 thousand deaths. The report takes into account the cases when COVID-19 affected the underlying disease and caused complications leading to death. According to statistics, Russia is the fourth country with the highest death toll.

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    Pfizer vaccine reduces COVID-19 transmission by nearly 90%
    According to the data collected by the Israeli Health Ministry, as well as by Pfizer and BioNTech, the vaccine is almost 90% effective in reducing coronavirus transmission. The joint study of the pharma companies and the Ministry of Health of Israel proved that the vaccine created by Pfizer and BioNTech is highly effective as it prevents further spread of the virus in 89.4% of cases. The study was held in Israel where almost a third of the population has been vaccinated. Researchers state that among those who received two doses of the vaccine, 1,842 cases of COVID-19 infection were reported. At the same time, 76,797 infection cases were found in the unvaccinated group. The Lancet medical journal has recently published a study of the Sheba Medical Center in Israel. According to it, the efficacy rate of the Pfizer and BioNTech vaccine is 85%. This result is achieved right after the first vaccine dose is administered. At the same time, the vaccine reduces the risk of contracting infection by 75%. In November 2020, Pfizer claimed that its vaccine was 95% effective and showed great results in all groups of volunteers regardless of age, gender, or ethnicity.

    Yours faithfully,
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    of the international traders' portal MT5.com.


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    Trump has no plans to return to Twitter
    On Wednesday, February 24, former US President Donald Trump claimed that he had no plans to return to Twitter. He stated that the popular social network had been unfair to him.
    "I’ll tell you it’s not the same. If you look at what’s going on with Twitter, I understand it’s become very boring and millions of people are leaving," Trump said. "We don’t want to go back to Twitter," he summed up. According to the former head of the White House, Twitter's attempts to mark his messages with ‘flags’ indicating inaccurate information were "disgraceful".
    At the same time, the former American leader noted that he might join another social networking platform Parler. Notably, in his final days in office, Donald Trump was suspended from such social media services as Twitter, Facebook, Instagram, etc. After that, his former presidential adviser said that Trump "feels happier" since leaving the social networks.

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    of the international traders' portal MT5.com.


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