Xinhua world economic news summary at 1000 GMT, May 9

Xinhua
09 May 2021, 16:48 GMT+10

LISBON -- President of the European Commission Ursula von der Leyen said on Saturday at the end of the social summit of the European Union (EU) held in the Portuguese city of Porto that leaders of the EU countries understand that there are "more pressing issues" than patent waiver on vaccines against COVID-19.

Speaking to journalists, von der Leyen said this topic "is important," but will be discussed "in the long term, not in the short or medium term." (EU-Waiver-Vaccines)

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NEW YORK -- U.S. equities posted mixed results in the busy week featuring a wave of key economic data.

For the week ending Friday, the Dow rose 2.7 percent to snap a two-week losing streak, and the S&P 500 advanced 1.2 percent, while the tech-heavy Nasdaq Composite dropped 1.5 percent. (US-Equities-Mixed Results)

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KHARTOUM -- President of the Democratic Republic of the Congo Felix Tshisekedi, also the current chairperson of the African Union, presented a new initiative on Saturday regarding the Grand Ethiopian Renaissance Dam issue.

The initiative was announced by Tshisekedi during his talks with Chairman of Sudan's Sovereign Council Abdel Fattah Al-Burhan in Khartoum, capital of Sudan. (AU-Dam-Initiative)

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BEIJING -- China's courier sector saw expansion in 2020, official data shows.

The China express delivery development index stood at 1,259.1 last year, up 26.1 percent year-on-year, the State Post Bureau said in a report released on Saturday. (China-Courier-Expansion)

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