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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.

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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.

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UK needs tighter COVID rules to avert new “catastrophe”, epidemiologist warns

“We are entering a very dangerous new phase of the pandemic, and we’re going to need decisive early national action to prevent a catastrophe in January and February,” said Andrew Hayward, professor of infectious disease epidemiology at University College London.

More than 71,000 people in Britain have died within 28 days of a positive test for the disease.

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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.

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Cyber crime has cost Russia $49 billion in 2020, Sberbank says

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Stanislav Kuznetsov, Sberbank’s deputy chairman, who oversees security and services, told Reuters private business and ordinary Russians were the main targets of cyber attacks, as the state security services are better protected.

“The private sector is the most vulnerable: everything from the clients’ accounts to financial data and tender documents are targeted: there are 2.3 million darknet accounts operating in Russian and offering the stolen data,” he said.

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Factbox-Brexit and the City of London: what changes and when

For now, no. London still has a towering lead over rivals Frankfurt, Milan and Paris when it comes to trading stocks, currencies and derivatives and playing host to asset managers.

Financial firms say shifting more capital out of London than is necessary under Brexit would cause unnecessary and costly market fragmentation.

But in the longer term, if the EU takes a tough line on equivalence and its financial centers reach a critical mass in trading key asset classes, the attractions of London as a financial hub would diminish.

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Urgent action expected in South Africa as hospitals run out of beds, oxygen amid Covid-19 spike

Embattled doctors, nurses have pleaded with government for urgent action as they can no longer cope with the large number of patients arriving for Covid-19 treatment, with hospital administrators saying they have to make heart-breaking choices between younger people who are now being affected by the new strain and older ones with co-morbidities as priorities.

Dr Irene Boeddinghaus, an oncologist at Life Vincent Pallotti Hospital in Cape Town, told the weekly that patients were far sicker than in the first wave. ICU bed availability was dire and doctors and nurses were burnt out and sick with Covid, she said.

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UK’s post-Brexit trade deal maintains the existing standards on environment, workers’ rights and climate change

There is a clear commitment not to lower standards on the environment, workers’ rights and climate change from those that currently exist and mechanisms to enforce them, the BBC reported.
Similarly, the restrictions compensation for unfair subsidies to companies “do not apply” in situations such as natural disasters, the BBC said. That will exempt the EU’s large current pandemic support package for aviation, aerospace, climate change and electric cars.

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