News
Rich nations to have major COVID vaccine surplus
Rich nations are set to have a major surplus of COVID-19 vaccines
Wealthy countries could potentially have a surplus of more than one billion vaccine doses by the end of the year that aren’t set to be donated to poorer countries.
According to new research, COVID vaccine stock in Western nations has now reached 500 million doses this month alone, with 360 million not marked to be donated, according to the research conducted by data analytics firm Airfinity.
Airfinity stated that by the end of the year, these countries will have a potential of 1.2 billion surplus vaccine shots, with the overwhelming majority – 1.06 billion – not marked for donations.
The full Airfinity report, focuses on the available supply of vaccines in the United States, the United Kingdom, the European Union, Canada and Japan.
Mary Lou Russler receives a coronavirus disease (COVID-19) vaccine during a community vaccination event in Martinsburg, West Virginia, U.S., March 11, 2021. REUTERS/Kevin Lamarque
The full Airfinity report will be published on September 7
Vaccine inequality has been criticised by many prominent health figures.
COVAX, the UN-supported global vaccine-sharing program, has initially projected to provide two billion vaccine doses to people in 190 countries this yea. Those expectations included 92 lower-income countries, which would ensure that at least 20 percent of populations are vaccinated.
However, the wealthy countries’ deals with vaccine manufacturers have limited the vaccines available to COVAX – and that’s led to ‘vaccine hoarding’.
The WHO speaks out:
Over the weekend, the global director of the World Health Organization, Tedros Adhanom Ghebreyesus, held a meeting with the G20 health ministers and stated that the global inequity of vaccines was “unacceptable”.
The WHO boss noted that more than 5 billion vaccines had already been administered worldwide but stated that almost 75 percent of those doses had been administered in just 10 countries.
Boss of World Health concerned about global rollout / Image: File
Vaccination coverage in Africa was just 2 percent
Ghebreyesus was echoed by John Nkengasong, the head of the Africa Centers for Disease Control and Prevention (Africa CDC), who described the vaccine rollout on the continent as a “total disappointment“ according to AlJazeera.
Former British Prime Minister Gordon Brown has accused rich countries of committing a “moral outrage” by stockpiling COVID-19 doses while poor countries were continuing to struggle to get an acceptable supply of COVID jabs.
News
RBA holds rates as investors shift from property to stocks
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
RBA holds rates at 3.6%, shifting investor focus from property to potential stock market gains amid persistent inflation pressures.
The Reserve Bank of Australia has held interest rates at 3.6 percent, signalling a steady approach as inflation pressures persist and prompting investors to reassess their strategies in an uncertain climate.
The decision has shifted attention away from the property market, with experts suggesting the stock market may offer stronger opportunities, especially for those looking to outpace inflation over the long term.
We speak with Dale Gilham from Wealth Within about what the RBA’s call means for investors, why confidence in housing is changing, and what smarter financial choices look like in 2025.
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#RBA #Interestrates #AustraliaEconomy #StockMarket #InvestingTips #WealthWithin #FinanceNews #TickerTV
News
U.S. retail sales slowdown sparks new fears ahead of Fed decision
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
U.S. retail sales weaken, raising concerns about consumer spending and economic resilience ahead of the holiday season.
Retail sales in the U.S. have unexpectedly weakened, raising new questions about consumer strength and the resilience of the economy. As Americans pull back on spending, analysts are watching closely to see whether this signals a broader shift toward caution in the lead-up to the holiday shopping period.
The slowdown has amplified uncertainty around the Federal Reserve’s next move on interest rates, as policymakers weigh mixed economic signals against cooling demand. With some categories falling sharply, economists warn that faltering retail activity could ripple into GDP forecasts and overall market confidence.
Brad Gastwirth from Circular Technologies joins us to break down which categories were hit hardest, why shoppers are becoming more value-conscious, and what this means for the economy heading into 2025.
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#RetailSales #USEconomy #FederalReserve #ConsumerSpending #EconomicOutlook #MarketUpdate #InterestRates #TickerNews
News
xAI’s $15 billion raise, deadline pressure and Grokipedia launch
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s xAI plans $15 billion funding round, reaching $230 billion pre-money, amid fierce AI sector competition.
Elon Musk’s artificial intelligence startup xAI is preparing to close a huge $15 billion funding round next month, valuing the company at $230 billion pre-money. The raise highlights the intense investor appetite for advanced AI platforms as competition heats up across the sector.
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