Center-left candidate wins Costa Rica presidential election

Agencies
April 2, 2018

San Jose, Apr 2: The center-left's Carlos Alvarado Quesada decisively defeated a conservative Protestant singer in Costa Rica's presidential runoff election on Sunday by promising to defend gay rights, handing a major victory to the ruling party. Former minister and fiction writer Alvarado Quesada, 38, had 61 percent of the vote with results in from 91 percent of polling stations. His rival, Alvarado Munoz, a 43-year-old former TV journalist, had 39 percent of the vote.

Alvarado Quesada, who will be the youngest president in the modern history of Costa Rica, used the campaign to appeal to the progressive streak in a country known for pacifism and ecological stewardship.

Alvarado Munoz, best known for religious dance songs and ballads, has vowed to restore what he calls traditional values by preventing gay marriage and restricting women's access to abortions.

The election exposed deep divisions in the Central American tourist destination known for its laid-back beach culture and pristine rainforests, but whose rural communities remain socially conservative.

It could also reflect the mood elsewhere in Latin America, where several countries that have backed same sex unions are holding elections in 2018.

At a polling place in the western Pavas neighborhood of the capital San Jose, Alvarado Quesada, until recently a minister in the outgoing government also known for his student rock band, voted and spoke briefly to supporters.

"Costa Rica is an amazing country and we want to not only preserve its great democracy, its peaceful nature, its respect for the environment and human rights, but we also want to move Costa Rica forward," he said.

Shortly after Alvarado Munoz cast his vote at a school in the capital he pledged to lead a government free of bias, in a possible sign that he had sensed his hardline stance was turning off centrist voters.

"We're going to work for everyone and we won't discriminate against anyone. We will protect all groups that have felt vulnerable ... people with disabilities, people with different sexual orientations," he told reporters.

The two men took opposing positions on a January decision by the Inter-American Court of Human Rights, an influential regional body based in San Jose.

Fabricio, as supporters refer to Alvarado Munoz, called the ruling an affront to sovereignty. Threatening to remove the country from the court's jurisdiction, he shot from the margins to win the first round of voting in February.

Quesada, by contrast, backed the court's ruling. In the campaign's final debate, he called his opponent's comments homophobic.

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News Network
June 25,2020

Ottawa, Jun 25: Prime Minister Justin Trudeau took his son out for ice cream on Wednesday in his first family outing since Canada started easing out of its pandemic lockdown.

It was also Saint-Jean-Baptiste Day in Quebec province.

Wearing masks, the Canadian leader and his six-year-old son Hadrien were cheered at Chocolats Favoris in Gatineau, Quebec.

According to a pool report, Trudeau said the shop tapped into a federal emergency wage subsidy and business loan in order to weather the pandemic, and "avoid being frozen out of the frozen treat market."

Hadrien is said to have bounced with excitement, settling on a vanilla cone with a cookie topping while dad bought a vanilla cone dipped in chocolate for himself.

Father and son then headed out to the patio, where they doffed their masks to eat their cones.

Canada's provinces and territories declared states of emergency mid-March, closing schools and non-essential businesses in response to the pandemic.

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Agencies
April 20,2020

Hong Kong, Apr 20: Oil prices collapsed to more than two-decade lows Monday as traders grow concerned that storage facilities are reaching their limits, while equities were mixed, with some support coming from signs that the coronavirus may have peaked in Europe and the United States.

US crude benchmark West Texas Intermediate briefly plunged almost 20 percent to below 15 -- its lowest since 1999 -- as stockpiles continue to build owing to a crash in demand caused by the COVID-19 pandemic.

Analysts said this month's agreement between top producers to slash output by 10 million barrels a day was having little impact on the oil crisis because of lockdowns and travel restrictions that are keeping billions of people at home.

WTI was hit particularly hard as its main US storage facilities in Cushing, Oklahoma, were filling up.

ANZ said "crude oil prices remained under pressure, as projections of weaker demand weigh on sentiment".

"Despite the OPEC+ alliance agreeing to an unprecedented cut in output, the physical market is awash with oil," it said, referring to the Organization of the Petroleum Exporting Countries and non-OPEC partners.

And AxiCorp's Stephen Innes added: "It's a dump at all cost as no one... wants delivery of oil, with Cushing storage facilities filling by the minute.

"It hasn't taken long for the market to recognise that the OPEC+ deal will not, in its present form, be enough to balance oil markets." Stock traders were in slightly more buoyant mood as governments start to consider how and when to ease lockdowns that have crippled the global economy.

Italy, Spain, France and Britain reported drops in daily death tolls and slowing infection rates.

"We are scoring points against the epidemic," said Prime Minister Edouard Philippe, while insisting "we are not out of the health crisis yet".

Meanwhile, in the US, Andrew Cuomo, governor of badly hit New York state, said the disease was "on the descent", though he cautioned it was "no time to get cocky".

Mounting evidence suggests that the lockdowns and social distancing are slowing the spread of the virus.

That has intensified planning in many countries to begin loosening curbs on movement and easing the crushing pressure on national economies.

Adding to the sense of hope was a report indicating promising research on a drug to treat coronavirus.

Hong Kong, Shanghai and Seoul were each up 0.1 percent, while Wellington added 0.4 percent.

However, Tokyo went into the break 0.9 percent lower, while Sydney and Manila dropped one percent apiece. There were also losses in Taipei, Singapore and Jakarta.

"The longer investors have to contemplate future economic issues while they wait for more countries to be on the downward slope of the pandemic curve, the more scope there is of risk assets pricing in a difficult future," Chris Iggo, of AXA Investment Managers UK, said.

Investors are keeping an eye on Washington, where Congress and the White House are working towards a 450 billion economic relief plan for small business to add to the trillions already pledged to support the economy.

Big-name companies including IBM, Netflix and Coca-Cola are due to deliver their earnings reports.

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Agencies
August 7,2020

Moscow, Aug 7: Russia will register its first vaccine against the coronavirus on August 12, Deputy Health Minister Oleg Gridnev said on Friday.

The vaccine has been developed jointly by the Gamaleya Research Institute and the Russian Defence Ministry.

"The vaccine developed by the Gamaleya centre will be registered on August 12. At the moment, the last, third, stage is underway. The trials are extremely important. We have to understand that the vaccine must be safe. Medical professionals and senior citizens will be the first to get vaccinated," Gridnev told reporters at the opening of a cancer centre building in the city of Ufa.

According to the minister, the effectiveness of the vaccine will be judged when the population immunity has formed.

Clinical trials of the vaccine began on June 18 and included 38 volunteers. All of the participants developed immunity. 

The first group was discharged on July 15 and the second group on July 20.

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