UBS Analyst Who Took On Evergrande Now Bullish on China Property
When it comes to Chinese real estate, John Lam is a lone wolf.
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When it comes to Chinese real estate, John Lam is a lone wolf.
Analysts upgraded their forecast for China’s growth this year after a better-than-expected performance in the first quarter — but they see more signs that the world’s second-biggest economy will struggle to escape from deflationary pressures.
A rash of failures of A-rated insurers points to a hidden weakness in the market, researchers say.
Whirlpool Corp., the owner of the Maytag and Amana appliance brands, is cutting about 1,000 salaried positions worldwide to reduce costs as slow US home sales limit demand.
Chicago Bears officials alongside Mayor Brandon Johnson unveiled plans for a $4.7 billion project to build a publicly owned, enclosed stadium and enhanced lakefront area.
Jun 15, 2021
Bloomberg News
,(Bloomberg) -- Uganda’s military started producing medical oxygen to bridge supplies in hospitals facing rising cases of Covid-19.
National Enterprises Corp., a unit of the army, has begun output at its Luwero Industries Ltd. unit north of the capital, Kampala, army spokeswoman Flavia Byekwaso said by phone Tuesday, without providing further details.
Four oxygen plants at Mulago Hospital, Uganda’s main referral facility, produce 2,083 liters of oxygen per minute, compared with demand of as much as 70 liters per minute for each patient in critical condition, the Kampala-based Daily Monitor newspaper reported. Mulago has 195 Covid patients in severe to critical condition, it said.
Health Ministry spokesman Emmanuel Ainebyoona declined to comment when asked for details about the supply and demand of medical oxygen in Uganda.
Covid patients have more than doubled at Ugandan health facilities since the end of May to 920 and the country’s test positivity rate is 17.1%, according to the ministry.
Infections in the East African country have climbed 34% since May 31 to 63,099, with 434 having died since the disease was first detected in the country in March 2020.
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