Category:

Eco/Invest/Demography

Wealthy hospitals rake in U.S. disaster aid for COVID-19 costs

Federal Emergency Management Agency has received nearly 2,200 aid requests from hospitals and thus far has approved about 15% of them, for a total of $894 million, the agency told Reuters. Hospitals can request more money as U.S. infections surge, and FEMA officials expect total aid awards to rise significantly.

Some health policy experts say that large and well-capitalized nonprofit systems – which typically pay no taxes – do not need the additional relief money. Among the aid applicants are some of the nation’s best-known health systems, including the Cleveland Clinic, Providence and Stanford Health Care.

read more

Diplomatic headache as China struggles to get nations to trust its vaccines

China has made a global effort to reassure governments and populations about the efficacy and safety of its vaccines. In October, a group of ambassadors and diplomats representing 50 African countries toured a Sinopharm Group Co. facility amid a publicity blitz touting China’s promise to deliver vaccines to Africa. “When the coronavirus vaccine completes research and is put into use, we are willing to prioritize benefiting African countries,” said Liu Jingzhen, chairman of Sinopharm.

read more

Will COVID-19 vaccines work on the new coronavirus variant?

Dr. Anthony Fauci, the top U.S. infectious disease expert, said data coming from Britain indicates the vaccines still will block the virus. But the U.S. also will do tests to be sure.

Viruses often undergo small changes as they reproduce and move through a population. In fact, the slight modifications are how scientists track the spread of a virus from one place to another.

read more

Delhi airport ‘completely ready’ to handle vaccine distribution challenge

India is relying largely on two domestically made vaccines from Bharat Biotech International Ltd. and the Serum Institute of India Ltd., which has partnered with AstraZeneca Plc to produce at least one billion doses. Ultra-cold storage requirements for Pfizer Inc.’s shot make it an unlikely choice for widespread use given India’s patchy health networks and infrastructure, especially in rural areas where the bulk of the country’s nearly 1.4 billion people live.

read more

2021 will witness lot of regulatory efforts channelled towards virtual assets: SBI official

” The use of crowdfunding websites, although not entirely new, create an additional risk as these are specially designed to solicit funding and can be misused for terror financing,” he said.

Varma also noted that crypto currencies and its potential means to finance terrorism is a significant threat especially when is anonymous in nature.

read more

More COVID-19 vaccines in pipeline as US ramps up effort

If you want to have enough vaccine to vaccinate all the people in the U.S. who you’d like to vaccinate up to 85 per cent or more of the population you’re going to need more than two companies,” Dr Anthony Fauci, the top US infectious disease expert, told The Associated Press on Monday.

The nation has repeatedly recorded more than 3,000 dead per day over the past few weeks.

read more

AirAsia to sell 32.67% of stake in its Indian operations to Tata Sons

Group Chief Executive Officer Tony Fernandes told Reuters in September that the group intended to consolidate and strengthen its foothold in Southeast Asia, which could mean exiting both Japan and India.

Last month, AirAsia announced it was reviewing its investment in its India, saying its operations there had been draining cash and adding to the group’s financial stress.

read more