Economy
UK food banks ‘prepare for the worst’ – The Daily Star
Charity food banks in Britain are “preparing for the worst” as the government starts winding up emergency aid measures put in place to cushion the coronavirus pandemic’s impact on millions of workers and low-income households.
An extra weekly payment of 20 pounds ($27) to support the country’s poorest families will be cut next month, and more than a million workers face an uncertain future as Britain becomes the first big economy to halt its Covid-19 jobs support scheme.
China Evergrande says made 10% repayment of wealth management products due Sept 30 – Reuters
China Evergrande’s wealth management unit has made a 10% repayment of wealth management products (WMPs) that are due by Sept 30, the indebted developer said on Thursday.
US stocks climb as progress on Merck’s antiviral pill offsets new inflation data – Business Insider
US stocks turned positive on Friday after Merck announced successful results for its antiviral drug in the treatment of COVID-19.
Will $80 Oil Destroy Demand? – OilPrice.com
Oil prices at $80 a barrel are, in theory, good for the budgets of major oil-exporting countries. But prices at their highest level in three years could soon prove to be too good to be true for producers. Major importers generally draw the line at $80 oil, while the recovering global economy may be unable to sustain soaring energy costs with higher oil prices on top of record prices of natural gas, coal, and electricity in both mature economies in Europe and developing economies in Asia
Environment
These are the cities successfully weaning themselves off of coal – Quartz
Countries around the world will need to phase out coal as a major energy source if the world is to reach its climate targets to avoid dangerous warming. Today, coal power makes up 38% of the electricity grid, and most countries outside of Europe and North America are on track to continue and expand the use of coal.
But cities, which account for two-thirds of the world’s energy use, are taking the lead in ditching coal as an energy source, according to a new report from C40 Cities, an international organization of city leaders enacting climate measures.
Health
WHO ‘fell short’ and needs reform post-pandemic, UK parliamentary committee says – The Telegraph
The push to reform the World Health Organization (WHO) post-Covid-19 gained momentum this week with a UK parliamentary committee throwing its weight behind calls for change.
CTC of Middle Tennessee recruiting for study of Ivermectin, 2 other drugs to fight COVID-19 – WKRN
Clinical Trials Center of Middle Tennessee has joined a new nationwide study that’s testing three drugs, including Ivermectin, that could treat COVID-19 symptoms. CTC is now recruiting people age 30 or older who have tested positive for COVID-19 and showing symptoms to participate in the trial.
The post Daily Digest 10/1 — UK Food Banks ‘Prepare for the Worst’; US Stocks Climb as Progress on Merck’s Antiviral Pill Offsets Inflation Data… appeared first on Peak Prosperity.
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