Live News: Hong Kong reports record Covid cases as pressure on healthcare mounts – Archyde

This week is rich in commemorations.

It begins with the anniversary of the Maastricht Treaty, which was signed 30 years ago on Monday by the twelve member states of the former European Community. It created the EU and laid the foundations for monetary union, and arguably fueled the concerns of those opposed to further political union sow the seeds for Brexit. Expect (another) soul search this week.

A different kind of political change took place in Iran this week in 1979, when the Islamic revolution ended the Shah’s monarchy and ushered in clerical rule. The country’s leadership will no doubt look back on its importance, but the more pressing challenge for Tehran is economic recovery in the face of US sanctions progress will be done.

Jacques Delors, former President of the European Commission, was instrumental in the events leading up to the signing of the Maastricht Treaty © AFP/Getty Images

economic data

There has been much debate over the UK government’s claims about the strength of the pandemic recovery. Much attention will be paid to the country’s quarterly and monthly GDP estimates, which will be released on Friday.

Elsewhere there will be data on US inflation and Germany’s manufacturing and trade figures. Plus rate hikes are expected in Mexico and Russia and the EU will update its economic forecasts.


We’re in the middle of earnings season. This week, it’s the turn of consumer goods companies, drug makers, and automakers.

Unilevers Full-year results on Thursday will come under scrutiny following an unpopular attempt to buy GlaxoSmithKline’s consumer health division and news that Trian Partners – co-founded by – is being funded by activists Nelson fur – has acquired a stake. As Hellmann’s mayonnaise maker plans a reorganization that will siphon ice cream from the rest of its grocery business, investors will want to know if it will sell one or both grocery businesses and how it plans to improve performance across the rest of the portfolio — how as well whether the CEO, CFO and CEO of the company can survive the current GSK debacle.

results from Coke and PepsiCo will reveal whether a resurgence of Covid-19 cases around the world depressed soda demand in the December quarter. New lockdown measures in China plagued restaurant chains MC Donalds and Starbucks, show their earnings, while supply chain costs, including delays from Canada, continue to assemble. Still, analysts expect Coca-Cola and PepsiCo to report higher sales compared to the same quarter in 2020.

Japanese car maker Nissan and Honda will release their P&Ls this week. But investors will be watching to see if Toyota, the world’s best car salesman in 2021, may shrug off the impact of chip shortages in the coming months after announcing in January that a supply disruption would force it to throttle production for February – this Lex note explains the implications. In terms of production, that means Toyota is unlikely to meet its production target of 9 million vehicles for the fiscal year through March.

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