The age structure of COVID-related deaths at the end of 2020 differs between middle- and high-income countries. This was the conclusion reached by a World Bank expert team examining the relationship between age, number of deaths and national income during a pandemic. The study drew on information on the coronavirus-related deaths from the worldwide database COVerAGE-DB, as well as on excess...

The Port of Los Angeles, one of the largest ports in the US, is moving to a 24/7 operation. This should help to cope with the flow of cargo that the port has no time to receive and process. In addition to the Port of Los Angeles, the Port of Long Beach, California, as well as logistics companies FedEx, UPS and retailer Walmart are also moving to 24/7 operations. The decision was taken on...

14 EU countries have prepared a joint statement accusing the UK authorities of causing "significant economic and social damage" to their fishing industries and violating the Brexit deal. It was reported by The Guardian, which received a prepared statement of the EU member states. Belgium, France, Spain, Netherlands, Ireland, Germany, Italy, Denmark, Portugal, Malta, Cyprus, Lithuania, Sweden and...

China's anti-corruption agency will inspect 25 major state-owned banks and investment funds, The Wall Street Journal (WSJ) reported, citing its sources familiar with the inspection plan. Particular scrutiny will include ties to construction giant China Evergrande Group, taxi service Didi Global Inc. and financial technology company Ant Group. According to the publication's sources, the scrutiny...

US Trade Representative Katherine Tai and Chinese Vice Premier Liu He held talks via video link. They agreed to hold further consultations on trade relations. Ms Tai said the US was concerned about China's "non-market policies and practices". "Tai and Vice Premier Liu He reviewed the progress of the US-China economic and trade agreement and agreed that both sides would consult on some...

Government representatives from 10 EU countries have written an article on the importance of developing nuclear energy. They linked the argument to the volatility of gas prices and the fight against climate change. The article was published by Le Figaro. It was authored by French Finance and Reconstruction Minister Bruno Le Maire, as well as the prime ministers, economy ministers and energy...

The European Commission will allocate at least €1T until 2030 to implement the EU's climate policy, European Commissioner for Economic Affairs Paolo Gentiloni said at a conference on Thursday. "All the actions that need to be taken for a successful transition to a greener economy require a huge investment... The European Commission has pledged a minimum of €1 trillion investment by 2030 to fund...

Faced with a serious shortage of resources for power generation, China has started using coal from Australia again, Reuters reports. Chinese leaders verbally banned major traders from importing coal late last year because of a conflict with Australian authorities. Relations between the two countries deteriorated significantly after the Australian government called for an international...

High energy prices are putting serious pressure on the purchasing power of EU residents, EU leaders should consider how to alleviate the situation, Barend Leyts, spokesman for the European Council President, told reporters. In the medium and long term, the EU needs to continue to significantly increase investment in innovation and clean energy, Leyts said. "The current situation once again...