Posts belonging to Category Australia

Canadian contender Medicago COVID vaccine registered a 100% Efficiency in phase one

From tobacco plant to 100% efficient COVID vaccine

Under a winter’s snow cover on the outskirts of Quebec City in Canada, a high-tech greenhouse, set at a balmy 23 C, is growing row after row of a weed that could help end the coronavirus pandemic. It’s called Nicotiana benthamiana, a relative of the tobacco plant, native to Australia, and it is a key to biopharmaceutical company Medicago’s COVID-19 vaccine. Medicago is the leading Canadian-based contender to produce a vaccine, with an agreement to provide the federal government with 76 million doses if approved for use.

Medicago’s vaulting onto the mainstage could provide a breakthrough for vaccine science. It involves a new technology that’s rapid and nimble, and a vaccine that can be stored at normal fridge temperatures, of 2 C to 8 C, unlike the two other vaccines currently in circulation, which each require frozen or ultra-cold frozen storage. In phase one of its clinical trials, 100 per cent of people who received its COVID-19 vaccine developed significant antibody responses with no severe adverse effects. Phase two clinical trials are currently wrapping up and phase three is expected to begin later this month. It will involve 30,000 people in 11 countries — including Canada — and will ultimately determine if the vaccine protects people from COVID-19. The vaccine requires two doses, 21 days apart, and if approved by Health Canada, could be in the arms of Canadians by the second half of this year.



Australia is top choice for millionaires fleeing homelands

108,000 millionaires migrated across borders last year

The world’s wealthy are increasingly on the move.

About 108,000 millionaires migrated across borders last year, a 14 per cent increase from the prior year, and more than double the level in 2013, according to Johannesburg-based New World Wealth.

Australia, US and Canada are the top destinations, according to the research firm, while China and Russia are the biggest losers. The UK saw around 3000 millionaires depart last year with Brexit and taxation cited as possible reasons.

String of power outages in South Australia

Tesla’s Musk offers to fix South Australia’s power crisis in 100 days

Tesla Inc boss Elon Musk on Friday offered to save Australia’s most renewable-energy dependent state from blackouts by installing $25 million worth of battery storage within 100 days, and offering it for free if he missed the target. The offer follows a string of power outages in the state of South Australia, including a blackout that left industry crippled for up to two weeks and stoked fears of more outages across the national electricity market due to tight supplies.
Musk made the offer on social media, and the government said it could consider backing such a battery roll out by Tesla.…  Mon,  13 March 2017

French company scores huge Australian submarine contract

 France’s DCNS Wins $39 Billion Australian Submarine Contract

Australia snubbed a bid from Japan to award one of the world’s biggest defense deals to France’s DCNS Group, opting for a contract that will generate jobs in Australia and minimize a backlash from its major trading partner China. The French offer for the A$50 billion ($39 billion) contract to build 12 submarines trumped those by Japan’s Mitsubishi Heavy Industries Ltd., Kawasaki Heavy Industries Ltd., and Thyssenkrupp AG of Germany. DCNS will build the fleet in Adelaide and the project should create about 2,800 jobs, a point Prime Minister Malcolm Turnbull made in announcing the winner Tuesday ahead of an election expected in July.  Tue., 26  April 2016. 

Global food prices hit lowest level in over 6 years

http:/    Fri. 05  February. 

The Silk Road

Qian’s diplomatic missions paved the way for trade routes that linked China to Central Asia and Europe. The world came to know those trade routes as the Silk Road. — Fri, 24 Apr 2015 17:00:54 -0700

Good day one and all. Finally we have some range breakouts but the cable “will it won’t it?” tease at 1.7000 continues. Data wise we’re a bit thin for inspiration so we’ll see what else pans out to keep things ticking over and we have Janet … — Tue, 06 May 2014 22:34:32 -0700

This pretty much works for Chicago, but for downstate it puts their communities in a major economic vice since they don’t benefit from global city friendly policies and are competing against other places that have optimized in other ways. Indiana being …. Clearly many of these policies have no real benefit to the Indianapolis region, which is more or less being asked to be the economic engine of the state and finance state government without being given the tools to do that job property. — Wed, 07 May 2014 22:38:00 -0700
Australia survives global financial crises in tact. Abbott cancels resources tax while ripping off pensioners. Abbott destroys green economy worth billions. LNP supports big coal destroyer of the planet. Abbott increases fuel levy while gifting … — Wed, 07 May 2014 22:11:51 -0700
Fear of economic blow as births drop around world. The financial crisis that followed the collapse of U.S. investment bank Lehman Brothers in 2008 did more than wipe out billions in wealth and millions of jobs. It also sent birth rates tumbling … — Wed, 07 May 2014 21:35:56 -0700
Print this page. Banking & Finance Sign Up for free Newsletter … Global stock markets are currently high because they believe the crisis won’t get any worse. On that logic you ought to be buying up bargain Russian large caps now. Yes but… Then again if you look at the geopolitical perspective you … One thing is quite certain and that is the huge damage being done to the Russian economy and its equity market. When this will turn around is anybody’s guess. Bloomberg Television’s … — Wed, 07 May 2014 21:17:38 -0700


Banking & Finance Sign Up for free Newsletter. Volumes in bearish tech options surge as the global sell-off gathers speed. Posted on 08 May 2014 … Bloomberg’s David Ingles reports on the global selloff in tech stocks. He speaks with John … — Wed, 07 May 2014 20:52:11 -0700

… banking panel, banking sector, banking supervision, banking tax, banking union, banking union. constancio, Bankingunion, banknote, banknote rule, bankruptcy, banks, banks closed, banks stress tests, banks. global finance, bar, Barcelona … — Mon, 05 May 2014 22:45:09 -0700
Mish’s financial blog covers global news and macroeconomic events regarding the world economy. The blog’s primary focus is inflation, deflation, and hyperinflation topics, especially currencies, gold, silver, crude, oil, energy and precious … — Mon, 05 May 2014 23:30:00 -0700
The Commission regards this as a prudent and sensible goal. With no further global or domestic shocks, it will allow us to pay down our debt to future-proof the economy against the next crisis.’ (Executive Summary, National Commission of … — Mon, 05 May 2014 23:06:13 -0700
BEIJING (Reuters) – China’s foreign direct investment inflows fell 3.8 percent in the first nine months from a year ago, extending the longest run of declines since the depths of the global financial crisis as stiff economic headwinds dent … — Mon, 05 May 2014 19:55:06 -0700
… Crisis: 2008 vs. 2014 – The Financial World Has A Short Memory » …. As the Chinese economy continues to rise and the U.S. economy continues to decline, the shift in global power is going to become even more dramatic. Yes, let us hope … — Mon, 05 May 2014 18:56:03 -0700


Traders and investors all around the world is having trouble climbing over the wall of worry/fear with the US stock market, and rightly so. There is a lot of things taking place and unfolding that carry a high level of uncertainty. Let’s face it, who … — Sun, 27 Oct 2013 21:04:00 -0700
Stock Market Review – Slightly green week on the markets. Even though indices are making new highs lot of momentum stocks have lost its mojo. China stocks were one of the leading areas were spec money and hot cash was riding in but … — Sun, 27 Oct 2013 20:29:50 -0700
… especially since it coincides with the never-ending aftermath to the global financial crisis. That it was announced in the same week of the US farce over public debt and healthcare showed just how juvenile our appreciation of economics still … — Mon, 28 Oct 2013 00:17:50 -0700
… and lowest ranked economies. “This great gathering should do more than restate the case for regional integration: it must examine how to push the African continent to the next level, to become a global growth pole in its own right,” said Donald Kaberuka, President of the African Development Bank. … High-level dialogues will cover integration issues ranging from finance to water resource management, fiscal convergence and harmonization of social policies. Participants will also be … — Sun, 27 Oct 2013 23:46:11 -0700
Indian equity markets are poised to hit new highs on hopes that the economy had bottomed out and growth would revive in the coming quarter on the back of a good monsoon and positive global cues, especially delayed tapering of stimulus by US Federal Reserve. … “The latter can be mainly attributed to the anticipated moderation in our CAD as well as policy measures taken to attract capital in order to finance the deficit,” he added. The market, whose benchmark Sensex closed at over one-week low of 20683.52 last Friday, … — Sun, 27 Oct 2013 23:27:16 -0700
While many investors focus a large portion of their attention on the stock market rather than some others, Rob Carrick of The Globe and Mail thinks it’s time you start paying a little more attention to another. Here’s a switch: The bond market is a … — Sun, 27 Oct 2013 21:55:35 -0700