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“Emerging countries will shoulder around two-thirds of these losses, further delaying their economic convergence with more developed countries,” the EIU said.
It warned the delayed rollout of vaccines could fuel resentment, increasing the risk of social unrest in developing economies.
The Asia-Pacific Region will be the worst hit in absolute terms, accounting for nearly three-quarters of the losses.
But as a percentage of GDP, sub-Saharan Africa will suffer the worst losses.
U.S. CDC advisers back COVID-19 booster shots for those 65 and older, not for high-risk workers
Beyond older Americans, the committee also recommended the shots for all adults over 50 with underlying conditions, as well as some 18- to 49-year-olds with those conditions, based on their individual risk profile. Those conditions include cancer, diabetes, certain heart conditions and chronic kidney disease and lung disorders.
Many US families face food challenges, poll shows
Black and Hispanic Americans, Americans living below the federal poverty line and younger adults are especially likely to face food challenges, according to the poll.
Most of those facing food challenges enrolled in a government or nonprofit food assistance program in the past year, but 58per cent still had difficulty accessing at least one service.
And 21 per cent of adults facing challenges meeting their food needs were unable to access any assistance at all. The most common challenge to those in need was a basic lack of awareness of eligibility for both government and nonprofit services.
African Swine Fever sets foot in Tripura from Mizoram
Tripura’s Animal Resources Development Department (ARDD) Director K. Sasikumar said some samples of ASF-hit pigs tested positive in the Guwahati based North Eastern Regional Disease Diagnostic Laboratory. He said that so far 160 pigs have died at the government run Exotic Pig Breeding Farm in Kanchanpur and the ASF not yet spread in the adjoining villages due to the strict surveillance of the department officials and doctors.
3 yrs of service and prosperity: Mandaviya on 3rd anniversary of Ayushman Bharat PMJAY
Since the inception of the scheme, more than two crore treatments worth Rs 26,400 crores have been authorised through a network of over 24,000 empanelled hospitals, both government and private across the country. Moreover, there are 918 Health Benefits Packages (HBP) covering 1,669 procedures along with COVID-19 treatment and diagnostic tests under the scheme. The top tertiary care includes orthopaedics, cardiology, cardiothoracic and vascular surgery, radiation oncology and urology.
New WHO air-quality guidelines aim to cut deaths linked to fossil fuels
The guidelines could also send a message to the wider public about lifestyle and business choices –- whether it’s driving cars and trucks, disposing of garbage, working in industrial jobs or farming.
Air pollution has been linked to heart disease, diabetes, cancer, and early death, and recent evidence has suggested negative effects on pregnancy, cognitive development in kids, and mental health, experts say.
“There is nothing more essential for life than air quality,” WHO Director-General Tedros Adhanom Ghebreyesus told reporters. “And yet, because of air pollution, the simple act of breathing contributes to 7 million deaths a year. Almost everyone around the world is exposed to unhealthy levels of air pollution.Air pollution is now comparable to other global health risks like unhealthy diets and smoking tobacco, WHO said.
Union Health Ministry releases guide on long-term health issues of COVID-19 infection
Speaking on the occasion, Union Minister of State of Health Ministry, Dr Bharati Pravin Pawar emphasized the need to tackle mental health issues and to reach the last mile.
“This pandemic has put an unprecedented challenge on our Health and Health Care System. Mental Health Care is a big challenge for a country with such a large population. We need to build our capacity to tackle this challenge of mental health,” she said.
Boeing lifts China jet demand estimate over two decades to $1.47 trln
Chinese airlines will need 8,700 new airplanes through 2040, 1.2% higher than its previous prediction of 8,600 planes made last year. Those would be worth $1.47 trillion based on list prices, the U.S. planemaker said in a statement.
Earlier this month, Boeing revised up long-term forecasts for global airplane demand on the back of a strong recovery in commercial air travel in domestic markets like the United States.
COVID-fuelled child labour crisis spurs call for global social protection fund
The pandemic has pushed many countries – from the United States to Rwanda – to spend trillions of dollars on short-term measures, including payments to businesses and poor families, to cushion their populations from economic shocks. A fraction of this cash could be used to start a fund offering basic income like cash transfers to the poor, pensions for the elderly and disability, unemployment and child benefits, campaigners said at an online event.”Social protection is absolutely fundamental,” said Sharan Burrow, general secretary of the Brussels-based International Trade Union Confederation. “If we have a fund to build those social protection systems for the 55% of the world’s people who have no social protection, and for the 72% who have little or no social protection, then it returns money and jobs to the economy,” she said.
Vaccine certification for travel must meet ‘minimum criteria’, says UK
Travelers who are not fully vaccinated, or vaccinated in a country such as India currently not on the UK government’s recognized list, must take a pre-departure test, pay for day two and day eight PCR tests after arrival in England, and self-isolate for 10 days, with an option to “test to release” after five days following a negative PCR test.
‘All we can do is cry’ – La Palma volcano leaves trail of devastation
Indian homebuyers rank green spaces as key feature: Knight Frank
EU plans 120 billion euro economic boost by easing insurance rules
Olav Jones, deputy director general for Insurance Europe, an industry body, said he welcomed EU acknowledgement of the need to reduce capital requirements, but only a “significant and permanent” cut in capital would allow insurers to increase support for the economy and regain global competitiveness.
Brussels proposed easing the impact of the so-called volatility adjustment, which mitigates the impact of short-term market moves on insurer solvency.
It also wants to make it easier for insurers to benefit from preferential capital treatment worth around 10.5 billion euros from investing in long-term assets to green the economy.
Google suing India antitrust watchdog for investigation report leak
In Thursday’s statement the company said it had filed a legal challenge against the CCI at the Delhi High Court “to prevent any further unlawful disclosures of confidential findings.”
Google said it was “protesting against the breach of confidence which impairs Google’s ability to defend itself and harms Google and its partners.”
‘We can end the pandemic’, UN chief says in new call for global vaccine plan
Although more than 5.7 million doses have been administered globally, 73 per cent have been in just 10 countries, and just three per cent of people in Africa have had innoculations.
UN Secretary-General António Guterres’s plan calls for at least doubling vaccine production to ensure 2.3 billion doses are equitably distributed through the vaccine solidarity initiative, COVAX.
The goal is to reach 40 per cent of people worldwide by the end of this year, and 70 per cent in the first half of 2022, per targets set by WHO.
Moderna chief executive sees pandemic over in a year
“If you look at the industry-wide expansion of production capacities over the past six months, enough doses should be available by the middle of next year so that everyone on this earth can be vaccinated. Boosters should also be possible to the extent required,” he told the newspaper in an interview.
Vaccinations would soon be available even for infants, he said.
No climate finance for hydropower: ‘Rivers for Climate’ declaration
Incentivising and expanding hydroelectric power construction would not only fail to prevent catastrophic climate change, but it would also worsen the climate crisis by exploding methane emissions and diverting scarce climate funds away from meaningful energy and water solutions in a world that is already grappling with severe impacts of climate change, the release said.