Covid-19 is the latest crisis to hit the globe, and climate change all but guarantees more will follow soon. Each will affect the poor in multiple ways. More than ever, we need to work on tackling poverty and vulnerability to poverty – in all its forms,” Director of the Human Development Report Office at UNDP Pedro Coneico said.

Russia to mass produce experimental COVID-19 vaccine – wealth fund head

Jul 16, 2020

More than 100 possible vaccines are being developed to try to stop the pandemic. At least two are in final Phase III human trials, according to World Health Organization data – one being developed by China’s Sinopharm and the other by AstraZeneca and the University of Oxford.

Novartis to provide ‘no profit’ COVID-19 drugs to low income countries

Jul 16, 2020

“We shouldn’t underestimate the stress that COVID puts particularly on fragile health systems,” Hegemann said, adding Novartis hoped to work with health authorities, faith-based organisations and NGOs to eliminate big mark-ups. “We are not targeting classical commercial distribution channels, but very direct channels.”

Swiss Re and PGGM enter into second private sidecar transaction

Jul 16, 2020

The transaction is a further milestone for Swiss Re’s Alternative Capital Partners team, which was formed in 2019 to manage Swiss Re’s third-party capital activities. Alternative Capital Partners enables Swiss Re to grow its natural catastrophe book and proactively manage its risk appetite by making use of a broad range of third-party capital and retrocession instruments.

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