“Climate change is having an impact. The models that we’ve...
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ECB cyber stress test not to affect capital requirements
The exercise will assess how banks respond to and recover from a...
Japan earthquake casts cloud over push to restart nuclear plants
Nuclear power plants dot the coast of mountainous Japan, which is...
Southeast Asia poverty to surge in ‘socio-economic crisis’:U.N.
“Without alternative income, formal social protection systems or savings to buffer these shocks, workers and their families will be pushed into poverty, reversing decades of poverty reduction.”
The region-wide economy was expected to contract by 0.4 per cent in 2020, it said, while remittances from Southeast Asians working abroad were likely to fall by 13 per cent or $10 billion.
Gilead raises sales outlook to include COVID-19 treatment remdesivir
Demand for remdesivir continues to outstrip supply in many parts of the world.
Gilead’s chief executive, Daniel O’Day, on a conference call, said the company expects by the end of September to be producing enough remdesivir to meet real-time global demand.
Gilead said it still expects to manufacturer 2 million or more remdesivir treatment courses cumulatively in 2020, and its revenue outlook reflects expected sales of up to 1.5 million courses this year.
Antibody drug lowers risk of death in elderly COVID-19 patients – Cuban study
Researchers,including from Cuba’s Center of Molecular Immunology,which developed itolizumab, said timely use of the drug in combination with standard therapy helped reduce inflammation and prevented COVID-19 from worsening.
Children carry COVID-19 virus, small study finds
Data on children as sources of coronavirus spread are sparse, and early reports did not find strong evidence of children as major contributors to the deadly virus that has killed 669,632 people globally.
Understanding the transmission potential in children will be key to developing public health guidelines, said the researchers who published the study in the journal JAMA Pediatrics.
Pandemic will intensify risks for insurers,says EU watchdog
“The COVID-19 has further intensified the pre-existing challenges posed by the prolonged low-yield environment, a fundamental risk for both insurance and pension sectors.”
Financial systems designed in wrong way, Covid-19 has revealed weaknesses:Muhammad Yunus
“COVID has given us a chance to reflect on how big, bold decisions can be taken. It has given us a window of thinking and we have a choice, whether we go to that terrible world which is going to destroy itself anyway or we go someplace else and build a new world where there will be no global warming, no wealth concentration, no unemployment,” the pioneer of micro credit financing said.
‘So far, so good’ on leading COVID vaccine, says AstraZenec
AstraZeneca has already reached deals with countries to make more than 2 billion doses of its COVID-19 vaccine, developed in partnership with the University of Oxford, and says it could be approved by the end of this year.
India is at a disadvantage in dealing with pandemics
Even in the short term, though, there are quick lessons to learn. Consider one success story in India — the outbreak in the massive Mumbai slum of Dharavi, where “Slumdog Millionaire” was famously set. Early on, it seemed that Dharavi would almost certainly suffer an exponential rise in cases. Instead, an innovative combination of privately staffed fever clinics, repurposed public infrastructure and manpower from non-governmental organizations managed to flatten the curve there.
Global health agencies fear wealthier countries will go it alone on Covid-19 vaccines
“There is a risk that some countries are doing exactly what we feared – which is every man for himself,” said Gayle Smith, former head of the US Agency for International Development and CEO of the One Campaign, a non-profit aimed at ending poverty and preventable disease.
Coastal flooding could hit 20% of world GDP by 2100 – study
Flood events that have typically occurred once in 100 years “could occur as frequently as once in 10 years” for much of the world, said the authors of the report, including researchers at the universities of Amsterdam, Melbourne and the Global Climate Forum.