"The previous supply concept was probably 'just in time'; I order...
Category:
International News
Latest
Biden issues executive order to better shield Americans’ sensitive data from foreign foes
US President Joe Biden The officials said activities like computer...
Berkshire posts record profit on insurance, investments
Berkshire Hathaway has reported net underwriting earnings across...
USFDA to scrutinise Pfizer’s coronavirus vaccine data for red flags
The FDA found the vaccine highly effective across various demographic groups. But it’s unclear how well the vaccine works in people with HIV and other immune-system disorders.
UAE says Chinese coronavirus vaccine 86% effective, offers few details
It wasn’t immediately clear if the announced results included only those taking part in the testing in the UAE or if they also include results from China and elsewhere.
The statement described the vaccine as receiving official registration without elaborating on what that meant. Emirati officials could not be immediately reached for comment.
Cyber attacks seen on coronavirus vaccine infrastructure: U.S. Senator Peters
“IBM recently released a very disturbing report detailing cyber attacks on COVID-19 vaccine distribution infrastructure,” Peters told a congressional hearing. “Just last month a cold-chain storage company also reported that they were the target of a cyber attack.”
La Niña conditions to prevail through March 2021: U.S. weather forecaster
The La Niña pattern is characterized by unusually cold temperatures in the equatorial Pacific Ocean and is linked with floods and drought.
270 million people face starvation, says WFP as it receives Nobel Peace Prize
“Because of so many wars, climate change, the widespread use of hunger as a political and military weapon, and a global health pandemic that makes all of that exponentially worse — 270 million people are marching toward starvation,” David Beasley said from the WFP headquarters in Rome, upon receiving the Nobel medal and diploma.
“Failure to address their needs will cause a hunger pandemic which will dwarf the impact of COVID. And if that’s not bad enough, out of that 270 million, 30 million depend on us 100% for their survival,” he added.
U.S. COVID deaths smash daily record amid pleas to trim back Christmas
WASHINGTON/NEW YORK ( The daily U.S. death toll from COVID-19 has surpassed 3,000 for the first time, prompting pleas for Americans to scale back Christmas plans even with vaccines on the cusp of winning regulatory approval.COVID-19 deaths reached 3,253 on...
UN chief warns ‘vaccine nationalism’ is moving at full speed
The UN chief on Wednesday reiterated his call for vaccines to be treated as a global public good, available to everyone, everywhere on the planet, especially in Africa. And he appealed for 4.2 billion in the next two months for the World Health Organisation’s COVAX programme, an ambitious project to buy and deliver coronavirus vaccines for the world’s poorest people.
After a virtual UN meeting with the African Union, Guterres said at a news conference that financing COVAX is the only way to guarantee vaccines will be available in Africa and other developing areas.
Citi trial shows chain of gaffes leading to $900 million blunder
The trial is expected to shine a spotlight on one of the biggest and most embarrassing banking errors in recent memory — one that has already forced Citi to explain its mistake to federal regulators and tighten its internal controls. The case is being closely followed on Wall Street, especially in the syndicated loan industry. A trade group has argued that a win for the creditors could expose banks that facilitate wire transfers and serve as administrative agents to unnecessary risk.
When $2 trillion falls short, the next 2020 may be uninsurable
At the core is the reality that the global non-life insurance industry’s US$2 trillion in capital won’t last in a “black swan” event, such as a cyberattack or another pandemic, that hobbles the global economy.
Insurance markets for events, travel and business interruption have all been roiled by the virus. For those looking to protect against the possibility of pandemics, most will find that firms are offering few safeguards going forward.
Allianz, Europe’s biggest insurer, said it will focus on tightening up contracts to exclude pandemics. Munich Re has stopped selling business-interruption policies that cover coronavirus losses.
AstraZeneca’s Covid-19 vaccine 70.4% effective at preventing the infection
The Company is also making rapid progress in manufacturing with a capacity of up to 3 billion doses of the vaccine in 2021 on a rolling basis, pending regulatory approval. The vaccine can be stored, transported and handled at normal refrigerated conditions (2-8 degrees Celsius/ 36-46 degrees Fahrenheit) for at least six months and administered within existing healthcare settings.