Stocks declined and gains stopped after equities’ best day since July, with some volatility returning to markets as regulators’ concerns rose in China at least temporarily counterbalance optimism over the U.S. economic recovery.The S&P 500 Index fluctuated between small gains and losses. A day earlier, stocks posted a back-to-back session …
Read More »OECD: U. S. economic recovery has slowed
The Paris-based Organization of Economic Cooperation and Development said, Tuesday, that the U.S. economy is losing drive on its path to recovery from the coronavirus pandemic.OECD forecast that gross domestic product would grow 6% in 2021, down nearly 1 percentage point from last May. The OECD previously predicted GDP would …
Read More »FDA Authorizes Additional Vaccine Dose For Certain Immunocompromised Individuals
Today, the U.S. Food and Drug Administration amended the emergency use authorizations for both the Pfizer-BioNTech and Moderna COVID-19 Vaccine to allow for the use of an additional dose in certain immunocompromised individuals, specifically, solid organ transplant recipients or those who are diagnosed with conditions that are considered to have …
Read More »Georgieva: The IMF Keeps its Forecast for Global Growth at 6% in 2021
International Monetary Fund Managing Director Kristalina Georgieva said Wednesday, July 20, that the IMF’s estimates this month indicate that global growth in 2021 will be about 6 percent, the same as the forecast issued in April, but with some countries growing at a faster pace and some at a slower …
Read More »IMF: Global Economy Suffers Losses of $ 15 trillion due to Covid-19
First Deputy Managing Director of the International Monetary Fund, Jeffrey Okamoto, expected that the global economy would lose about 15 trillion dollars from 2020 to 2024 due to the Coronavirus pandemic. According to an article published on the IMF’s website, Okamoto said that since March 2020, governments have spent $16 …
Read More »India Records Highest Daily Death Toll in a Month due to Covid-19
India’s health ministry data showed that the country recorded 4,2015 new coronavirus cases in the last 24 hours, while the number of deaths jumped by 3,998, the highest daily toll since June 12. The data revealed that the total number of injuries reached 31.22 million cases, while the deaths amounted …
Read More »The European Union Adds 11 Countries to Its List of Safe Travel, Including Saudi Arabia And Jordan
Diplomats said EU governments have agreed to add 11 countries, including Saudi Arabia, Jordan and Qatar, to their list of countries that will allow non-essential travel from them. The ambassadors of the twenty-seven countries of the Union agreed to add these countries in today’s meeting, with the decision to take …
Read More »The US Food And Drug Administration Approves Actemra to Treat Corona in Hospitals
The US Food and Drug Administration said it has authorized emergency use of Actemra to treat adult and pediatric COVID-19 patients in hospitals, and an emergency use authorization has been issued to Genentech, a unit of Roche Holdings Inc. The Food and Drug Administration said the drug could be used …
Read More »Britain: Talks With AstraZeneca About The Vaccine to Combat Beta COVID-19 Variant
British Health Minister Matt Hancock said Wednesday, June 2 that his country is in talks with Oxford and AstraZeneca to obtain additional doses of their vaccine against the Corona virus, which has been modified to better target the (beta) strain of the emerging corona virus that first appeared in South …
Read More »Sinopharm : We Can Provide More Than One Billion Doses of The Coronavirus Vaccine to The World
The head of China National Pharmaceutical Group Sinopharm said Wednesday, June 2, that the company is able to provide more than one billion doses of the protective vaccine against the Coronavirus to the rest of the world during the second half of this year. This level of supply capacity indicates …
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