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Vaccination rate in China slows as COVID outbreak continues - could threaten economic recovery

In the last week of March, China recorded 770,000 booster shots per day. By mid-April, however, the figure had fallen to 590,000. Jin Dong-yan, a virologist at Hong Kong College, believes that the decline reflects the elderly population's distrust of vaccines.

If the vaccination rate in the PRC stays at current levels, 90% of the country's elderly population will not be fully vaccinated until September.

ECB tries to save EU economy - central bank will be flexible in reinvesting PEPP program

The pandemic has left persistent vulnerabilities in the eurozone economy that contribute to the uneven normalization of our monetary policy among different countries, the ECB said. The ECB has instructed Eurosystem committees and ECB services to accelerate the development of a new mechanism to combat fragmentation. Why it matters. Rising

Price for oil price cap yet to be determined, head of European Commission

"The EU is ready in principle to go to the oil price cap," von der Leyen added. Earlier, the head of the U.S. Treasury Yellen said that the U.S. is not against the purchase of oil by India above the price cap. The WSJ also reported citing sources

U.S. officials forced to roll back plan to limit Russian oil prices - Bloomberg

India and China - Russia's most important trading partners - will not participate, Bloomberg sources said. The price cap plan is still alive after all. However, the price cap will be higher than previously thought. Earlier, U.S. Treasury Secretary Yellen said the price ceiling could be in the range

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