World News

COVID-19: Israel to begin vaccinating 1.2 million children aged 5 to 11 against coronavirus

Israel has announced that a campaign to vaccinate some 1.2 million children aged five to 11 will begin within days. The decision to green light jabs for children in this age group was announced by the health ministry on Sunday, following an agreement by a panel of experts. In a statement, the Israeli health ministry […]

Business

COVID-19: AstraZeneca eyes ‘modest’ profit from vaccine

Drugs firm AstraZeneca has said it plans to start earning a “modest” profit from its COVID-19 vaccine having previously sold it at cost. The Anglo-Swedish company has until now not been making a profit from the Oxford coronavirus jab and said it would not do so during the pandemic. The vaccine has in fact proved […]

Business

COVID-19: IMF blames ‘great vaccine divide for dangerous divergence in economic prospects’

The UK is tipped to record the largest leap in growth among advanced economies this year but a resurgent COVID crisis has damaged recoveries globally and resulted in a “dangerous divergence” in economic prospects, according to the International Monetary Fund (IMF). The world’s lender of last resort used its latest World Economic Outlook report to […]

World News

Merck's Covid-19 pill faces risk that virus could outsmart it

GENEVA (BLOOMBERG) – Merck’s experimental pill for Covid-19 should be accompanied by other treatments as soon as they’re available to cut the risk of drug resistance that would limit its effectiveness, Wellcome foundation director Jeremy Farrar said. While yet to be cleared by regulators, Merck’s molnupiravir has been hailed as a potential breakthrough, as it […]

World News

Rebuffed by Bolsonaro, Brazil medical institute to sell Covid-19 vaccines abroad

BRASILIA (REUTERS) – Brazil’s Butantan biomedical institute is in talks to sell a locally manufactured Covid-19 vaccine developed by China’s Sinovac to other countries in South America and Africa, as the federal government has not ordered more of the shots. Butantan Director Dimas Covas said on Wednesday (Sept 29) that the institute also has contracts […]

World News

Amid official denials, Nicaraguans battle Covid-19 surge

MANAGUA (AFP) – In Nicaragua, governed with an iron fist by President Daniel Ortega, official coronavirus figures do not reflect the reality of a population scrambling to find oxygen tanks for stricken loved ones. The government insists there is no shortage of hospital beds and says the pandemic has killed 201 Nicaraguans out of a […]

World News

Most people don't need Covid-19 vaccine boosters, scientists find

LONDON (BLOOMBERG) – Covid-19 vaccines work so well that most people don’t yet need a booster, an all-star panel of scientists from around the world said in a review that’s likely to fuel the debate over whether to use them. Governments would be better served to focus on immunising the unvaccinated and to wait for […]

Business

HSBC CEO plans for permanent hybrid work, much less jet-setting

HONG KONG (BLOOMBERG) – HSBC Holdings is not about to throw away its pandemic-era ways of working. The bank, which is in the midst of a historic pivot and cost cutting programme, predicts it will be operating in a profoundly different way after the coronavirus outbreak ebbs, with as many as 70 per cent of its […]

World News

Different strategies against Covid-19

Countries and territories around the world have adopted different strategies when it comes to Covid-19. Here’s a look at some of them: Australia PHOTO: EPA-EFE The country has thus far pursued a zero-Covid-19 strategy, completely barring most inward travel and most states resorting to lockdowns whenever community transmission has occurred. But Prime Minister Scott Morrison […]

Business

Qantas idles 2,500 more staff as Covid-19 cuts domestic flights

(REUTERS) – Qantas Airways is temporarily idling about 2,500 employees without pay for at least two months in a bid to cope with fresh COVID-19 restrictions in Australia slashing domestic travel demand. The decision will directly impact domestic pilots, cabin crew and airport workers, mostly in New South Wales, the airline said on Tuesday, adding […]