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Germany to require proof of Covid immunity or negative test on arrival: Sources

Germany now requires a negative test or proof of immunity only from those arriving from so-called “risk areas”, “high-incidence areas” and “virus-variant areas”, which in Europe now include Britain, Spain and the Netherlands.

Rules are now also applied differently at airports and road crossings, and regional leaders are keen to make them more consistent.

WHO says safety comes first as over 170 nations join COVID-19 vaccine plan

“We already face challenges with vaccine acceptance for many proven vaccines,” WHO chief Tedros Adhanom Ghebreyesus said in pre-recorded comments, as he spoke about the push to rapidly develop vaccines.

“We cannot risk having an effective vaccine for COVID-19 that people refuse because of the perception that it is unsafe.”

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Global economic recovery may take five years, World Bank chief economist says

Reinhart said the pandemic-caused recession will last longer in some countries than in others and will exacerbate inequalities as the poorest will be harder hit by the crisis in rich countries and the poorest countries will be harder hit than richer countries.

For the first time in twenty years, global poverty rates will rise following the crisis, she added.

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Serum Institute gets approval to resume India trial of AstraZeneca COVID vaccine: source

AstraZeneca has resumed British clinical trials of the vaccine, one of the most advanced in development for COVID-19, after they were paused earlier this month following a serious side effect in a trial participant.

Trials have also resumed in Brazil and South Africa, but remain on hold in the United States.Indian regulators had allowed Serum’s trials of the AstraZeneca vaccine to resume under certain conditions, including increased safety monitoring and informing volunteers about new findings, a DCGI source said.

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Some Indian hospitals scramble for oxygen as coronavirus cases top 5 million

At least 6% of India’s nearly 1 million active cases need oxygen support, health ministry official Rajesh Bhushan told reporters. Supplies were adequate but state governments should monitor usage and flag shortages, he said.

“The problem happens when at a facility level, if there is no inventory management. Every state should ensure this,” Bhushan said.

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Despite market volatility, LIC made Rs 13k cr profit in equity till Aug: MD

“The insurance industry had lost about Rs 45,000 crore in new and renewable premiums in the last fortnight of FY20 due to the Covid-19 pandemic. However, we have recovered well since unlocking and registered healthy growth,” LICI Managing Director Raj Kumar said at a webinar organised by Merchants’ Chamber of Commerce and Industry.

He further said, “The market now has recovered by 32 per cent from the March lows. LIC has booked a profit of Rs 13,000 crore from equity operation and is still a net investor of Rs 28,000 crore in the market.”

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Airlines in India seek $1.5 bn in interest-free credit line, says govt

The government is engaged with aircraft lessors and financiers to ensure there is no premature withdrawal of planes, Civil Aviation Minister Hardeep Singh Puri said. Local traffic has slumped almost 80 per cent to just 12 million passengers in the five months to July 31, eroding airline revenues, he said.
Close to 3 million jobs in aviation and related industries as well as more than $11 billion in revenue could be lost in India this year because of the pandemic according to the International Air Transport Association.

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Centre approved anti-viral medicines to treat COVID-19 patients, says SC

The top court was hearing a plea seeking registration of an FIR by the CBI against ten Indian pharmaceutical firms for manufacturing and selling these two medicines for treating COVID-19 patients allegedly without valid licences.
A bench comprising Chief Justice S A Bobde and Justices A S Bopanna and V Ramasubramanian referred to the New Drugs and Clinical Trials Rules, 2018 and said these medicines have been permitted by the government for using in treatment of novel coronavirus patients.

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