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International News

Moderna Covid-19 vaccine all set for FDA emergency approval

If Moderna’s vaccine is approved by the FDA, it will become the second shot to be greenlighted in America. Moderna’s vaccine is based on the same technology as Pfizer’s – mRNA. The actual virus is not embedded inside these vaccines and people who get the shots can’t catch the virus from it. Instead, the vaccine contains a piece of genetic code that trains the body’s immune system to recognize the spike protein on the surface of the Covid-19 virus and helps mount an organic defence when the attack comes.

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Vaccination in Asia-Pacific expected mid or late 2021, says World Health Organisation

“The development of safe and effective vaccines is one thing. Producing them in adequate quantities and reaching everyone who needs them is another,” WHO Regional Director Dr. Takeshi Kasai told reporters in the Indonesian capital, Jakarta.

While some countries that have independent vaccine purchase agreements might start vaccination campaigns in the coming months, others could see vaccination begin in the middle or late 2021, said Dr. Socorro Escalante, WHO’s coordinator for essential medicines and health technologies.

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New kind of loans and bonds could fill $28 billion Covid funding gap: WHO

The WHO and GAVI vaccine alliance aim to provide poor and middle-income countries with diagnostic tests, drugs and vaccines through a fund known as the Access to Covid-19 Tools (ACT) Accelerator, which was set up last April.

Bruce Aylward, a senior WHO adviser and its ACT coordinator, said that new financing mechanisms – including concessional loans and catastrophe bonds – were discussed at a meeting of the ACT facilitation council on Monday, co-chaired by Norway and South Africa.

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‘1.8bn people depend on healthcare facilities without basic water services’

The report titled, ‘Global progress report on WASH in health care facilities: fundamentals first’, comes as the ongoing pandemic is exposing key vulnerabilities within health systems, including inadequate infection prevention and control, reports Xinhua news agency.
Worldwide, one in four healthcare facilities has no water services, one in three does not have access to hand hygiene where care is provided, one in 10 has no sanitation services, and one in three does not segregate waste safely.

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Covid wiped out 81 mn jobs in Asia-Pacific; women, youngsters affected: ILO

Employment in Asia-Pacific showed a 4.2% decline compared with the pre-crisis trend, with the gap at 4.6% for women and 4% for men, the ILO said in a report. Young people have been especially affected by working-hour and job losses, the ILO said, with the youth share of employment losses three to 18 times higher than their share of total employment.

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Insolvencies, Cyber Threats and ESG scrutiny drive 2021 risks for Directors and Officers: Allianz

“Many insurers are still digesting the effect of previous pricing inadequacy and exposure and loss trend increases from prior-year policies,” says Shanil Williams, Global Head of Financial Lines at AGCS.
“This is also at a time of great uncertainty around forward-looking exposure assessments, in particular the impact of Covid-19 on the economy in general and on specific industries. Combined with many ‘known unknowns’ like climate change, cyber risks or environmental, social or governance (ESG) factors, this has created a lot of nervousness in this sector. As a global D&O insurer, AGCS remains committed to working in partnership with our customers to ensure we have sustainable solutions for all parties involved,” said Williams.

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Companies may face 2% fine for breaching EU cybersecurity rules

Concerns about the cybersecurity of key assets have mounted in recent months, especially over cyber attacks by state actors and other malicious players. U.S. federal agencies and thousands of companies are now investigating a sweeping hacking campaign that officials suspect was directed by the Russian government. The European Medical Agency was also targeted earlier this month.

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Benoît Ribadeau-Dumas to succeed Denis Kessler as CEO of SCOR

Augustin de Romanet, Lead Independent Director of SCOR, commented “Since 2002, Denis Kessler has shaped SCOR, turning it around in an outstanding way and subsequently establishing it as the world’s fourth largest reinsurer, with a rating of AA-. By choosing Benoît Ribadeau-Dumas, a very high-profile figure well known for his intellect and his leadership, the Board of Directors confirms its high level of ambition for SCOR.”

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Vaccinating the world means solving patent impasse; India has suggestion

The International Federation of Pharmaceutical Manufacturers and Associations argues that suspending patents is fraught with danger. If you waive patents this time round, you risk harming the whole medical infrastructure that allowed Covid vaccines to be developed in record time, said Director General Thomas Cueni.

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