President of the United States, Donald Trump, announced on Tuesday that the U.S. government has reached an agreement to purchase 100 million doses of Moderna’s COVID-19 vaccine. Moderna has been working on a vaccine for sometime now and has received huge funds from the U.S. government for its research. The …
Read More »How the Swiss Economy is Coping with COVID-19?
The Swiss government’s economic support program has helped Switzerland avoid a wave of companies going bankrupt or out of businesses due to the implications of the coronavirus COVID-19 pandemic, according to a recent report by the KOF Swiss Economic Institute. The number of companies that went out of business actually …
Read More »Russian President Announces The Registration of The World’s First Vaccine For Coronavirus
Russian President Vladimir Putin said that the Russian Ministry of Health has given its approval to the world’s first vaccine to combat Covid-19 disease, which was developed by the Gamaleya Institute in Moscow, less than two months after it was tested on humans. This step paves the way for large-scale …
Read More »Travel Bans Will Not Continue Forever: WHO
“It is going to be almost impossible for individual countries to keep their borders shut for the foreseeable future. Economies have to open up, people have to work, trade has to resume,” the Director-General of the World Health Organization (WHO), Tedros Adhanom Ghebreyesus, said on Monday. “Where these measures are …
Read More »China Reports 61 New Covid-19 Cases
The National Health Commission of China said on Monday that it had recorded 61 new infections with the COVID 19 up from 46 the previous day, adding that it had detected the most significant number of local infections with the virus since early March. The commission said the new number …
Read More »Covid-19 Update: Cases to 15 Million
Reports released on Wednesday morning showed that Covid-19 cases around the world reached 15 million cases, 230 thousand new cases since Tuesday, while about 17 thousand cases were registered this morning, bringing the total to 15,107,017 cases. On the other hand, the death toll has risen to 619,812 cases, while …
Read More »ECB: COVID-19 Wave in US to Impact Eurozone
A second wave of the coronavirus disease (COVID-19) in countries such as the United States could negatively impact European economic growth, Vice President of the European Central Bank (ECB), Luis de Guindos, has warned. The Eurozone economy contraction was better than previously expected during the second quarter (Q2) of 2020. …
Read More »French President Macron: Achieving COVID-19 recovery deal is likely
After extending talks in Brussels to the fourth day, EU leaders are inching closer to a 1.8T Euro stimulus package in light of the economic damage caused by the coronavirus pandemic. French Finance Minister Bruno Le Maire said on Monday an agreement on a recovery plan at the European Council …
Read More »New Record For Covid-19 Cases in US
The United States set a new record in the number of new cases of Covid-19, with 77,300 new cases recorded on Thursday, bringing the total number of current cases to over 3.5 million in the United States.The number of deaths associated with Covid 19 rose to 924, the highest since …
Read More »California Begins Another COVID-19 Lockdown
The state of California began reapplying the lockdown announced on Monday by Governor Gavin Newsom. The new statewide directives will see all restaurants, bars, movie theaters, entertainment centers, zoos and museums close their indoor operations. In addition, the state is closing gyms and fitness centers, worship places, salons and barbershops, …
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