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Rich nations to have major COVID vaccine surplus

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Moderna vaccine 'strongly protects' children from COVID

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.

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’.

FILE PHOTO: Ethiopian Airlines staff unload AstraZeneca/Oxford vaccines under the COVAX scheme against the coronavirus disease (COVID-19) from a cargo plane at Bole International Airport in Addis Ababa, Ethiopia, March 7, 2021. REUTERS/Tiksa Negeri/File Photo

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.

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.

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Niche accountants proving essential to e-commerce success

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

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Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Israeli claims airstrikes have killed two successors to Hezbollah’s slain leader

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The update comes as Israel expands its ground offensive against the Iran-backed group with a fourth army division deployed into south Lebanon.

Israel Prime Minister Benjamin Netanyahu spoke in a video released by his office hours after the deputy leader of Hezbollah left the door open to a negotiated ceasefire, reports Reuters

Israel’s military said on Tuesday that heavy air strikes against underground Hezbollah installations in southern Lebanon over the prior 24 hours killed at least 50 fighters including six sector commanders and regional officials. #featured #trending

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