The U.K. gave emergency approval on Wednesday to Pfizer’s coronavirus vaccine. The authorization to use the vaccine developed by Pfizer, a U.S. pharmaceutical giant, kicked off a vaccination campaign with little precedent in modern medicine, encompassing not only ultracold dry ice and trays of glass vials but also a crusade against anti-vaccine misinformation.
The vaccine will be available in Britain from next week, according to a statement from the U.K. government. The emergency authorization clears the way for the deployment of a vaccine that’s expected to play a significant role in the global effort to halt the coronavirus.
A vaccine is seen as the best chance for the world to get back to some semblance of normality amid a global pandemic which has killed nearly 1.5 million people and upended the global economy.
“The government has today accepted the recommendation from the Independent Medicines and Healthcare products Regulatory Agency (MHRA) to approve Pfizer-BioNTech’s COVID-19 vaccine for use,” the government said.
Pfizer and its German partner BioNTech have reported preliminary findings of more than 90% effectiveness an unexpectedly high rate in trials of their vaccines, which are both based on new messenger RNA (mRNA) technology.
The vaccine will be available in Britain from next week, according to a government statement. The U.K. regulator, the Medicines and Healthcare Products Regulatory Agency said on Wednesday that the vaccine “met its strict standards of safety, quality, and effectiveness.”
Russia, US to Discuss Diplomatic Missions in Upcoming Talks

Russia and the US will hold talks in Istanbul on Thursday to discuss normalising diplomatic missions, led by Russian Ambassador Alexander Darchiev and US Deputy Assistant Secretary Sonata Coulter.
The discussions aim to restore embassy operations after years of tensions, restrictions, and disputes over diplomatic property.
The State Department clarified that Ukraine is not on the agenda, emphasising that the talks focus solely on embassy functions. Both countries have struggled with diplomatic credentials, limiting embassy operations.
Russia has faced financial transaction difficulties due to Western sanctions, while US diplomats report movement restrictions in Russia.
A key issue is Russian diplomatic properties in the US, with six locations under restrictions, including estates, consulates, and trade missions.
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China’s Central Bank Urges State Lenders to Cut Dollar Buying

Chinese sources said that the central bank is taking steps to stabilise the yuan, directing major state-owned banks to limit US dollar purchases on Wednesday.
China’s central bank is taking steps to prevent sharp yuan declines, directing major state banks to limit US dollar purchases.
The People’s Bank of China (PBOC) issued informal guidance asking banks to avoid buying dollars for their accounts and tighten checks on client transactions.
State banks were seen selling dollars and buying yuan aggressively to slow its decline in the onshore market.
The yuan has weakened by 1.3% this month, with its offshore counterpart hitting a record low.
Despite US tariffs on Chinese exports, China’s central bank will not use yuan devaluation as a response, focusing instead on financial stability.
The yuan rebounded slightly after the news, but concerns over the trade war’s impact on China’s economy remain high.
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Musk Pushes Trump to Scrap Tariffs as Tesla Falls 42% in 2025

According to the Washington Post, Elon Musk urged US President Donald Trump over the weekend to roll back tariffs, but his efforts were unsuccessful. The dispute follows Trump’s announcement of a 10% baseline tariff on all imports and higher duties on several countries.
Neither the White House nor Musk responded to Reuters’ request for comments. Over the weekend, Musk, a Trump adviser, called for zero tariffs between the US and Europe during a virtual event at Italy’s right-wing League Party congress.
Tesla faces sharp sales declines amid backlash over Musk’s role in a new “Department of Government Efficiency.” Its stock closed at $233.29 on Monday, down over 42% this year. Musk has said Trump’s auto tariffs have a “significant” impact on Tesla.
Economists warn that these tariffs could drive up inflation, increase recession risks, and add thousands of dollars in costs for US families, posing a challenge for Trump, who promised to cut living expenses.
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Japan’s Ishiba Plans US Visit to Push for Wider Tariff Deal

Japanese Prime Minister Shigeru Ishiba plans to visit the US soon to push for a broad tariff deal with President Donald Trump. Speaking in parliament on Monday, he said he would first urge Trump over a call to drop the planned 24% tariff on Japanese imports.
Ishiba emphasised that Japan is not acting unfairly in the dispute and outlined a proposal to resolve the issue of LNG, cars, agriculture, and national security. He aims to present a comprehensive deal, though he acknowledges it will take time.
Japan faces a 24% tariff on exports starting 9th April, alongside a 25% tariff on autos already in place. While officials have not ruled out a response, no clear retaliatory measures have been signalled.
During a February summit, Ishiba pledged to buy more US LNG and increase Japan’s investments in the US to $1 trillion. Despite this, Japan has not secured relief from the tariffs. The trade dispute impacts Ishiba politically, with his approval rating dropping to 30.6%, the lowest since he took office.
A JNN poll showed that 57% of the public supports retaliation. Meanwhile, concerns over the trade war have pressured Japanese stocks, with trading briefly suspended due to heavy selling.
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China to impose 34% additional tariff on all US goods from 10th April

China has announced a 34% additional tariff on all US imports, effective 10th April 2025, in response to recent US trade measures.
The tariff applies to all US goods, though current bonded, tax reduction and exemption policies remain unchanged. However, goods shipped before 10th April 2025 and arriving by 13th May 2025 will be exempt.
This move follows the US imposing 34% tariffs on $438 billion worth of Chinese imports, announced by President Donald Trump. China’s Commerce Ministry criticised the decision, while the Foreign Ministry stated it violates WTO rules and undermines global trade.
In 2024, US-China goods trade totalled $582.4 billion, with the US importing $438.9 billion from China and recording a $295.4 billion trade deficit.
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