World

Why the U.S will donate 500 million doses of Pfizer’s covid-19 vaccine

Published

1 year ago

June 10, 2021

The Biden administration will move to donate 500 million doses of Pfizer’s coronavirus jab in a bid to improve vaccine equity around the world.

President Joe Biden is expected to make the announcement at this week’s G-7 leaders summit in Cornwall, England.

All doses will transition through the COVAX organisation, which is the international vaccine initiative program.

It’s believed the deal has been under works for the past month, and the donated doses will be distributed to 92 developing nations.

About 200 million vaccine doses will be provided in 2021 and the further 300 million will be made available within the first six months of 2022.

Officials say a quarter of the nation’s excess will be kept in reserve for emergencies and for the U.S. to share directly with allies and partners.

The White House has also directed doses to allies including South Korea, Taiwan and Ukraine.

In addition to this announcement, Biden is also expected to unveil a coordinated response led by G-7 nations to bring this global pandemic to an end.

“The Biden administration’s decision to purchase and donate additional Covid-19 vaccine doses is the kind of bold leadership that is needed to end this global pandemic,” said Tom Hart, acting CEO at The ONE Campaign, a nonprofit that seeks to end poverty.

“This action sends an incredibly powerful message about America’s commitment to helping the world fight this pandemic and the immense power of US global leadership.”

Related Topics:biden coronavirus COVAX covid covid-19 Featured jab

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Business

Russia defaults on foreign debt for the first time in a century

Published

2 hours ago

June 27, 2022

Natasha Schapova

Russia has failed to pay out its overseas debt for the first time in over 100 years

The country missed its Sunday deadline due to challenges in transferring the payments to international creditors.

Moscow has the funds to make the 100 million dollar payment but sanctions have complicated the process.

The country is unhappy with the situation with the finance minister calling the situation “a farce”.

The last time that Russia defaulted on its foreign debt was in 1918 when leader Vladimir Lenin did not pay out debts on behalf of the Russian Empire.

Russia has been hit with sanctions by a number of countries in response to its invasion of Ukraine.

World

Over 20 young people mysteriously die at nightclub

Published

4 hours ago

June 27, 2022

ticker NEWS

Authorities in South Africa are investigating the deaths of 22 people, who were mysteriously found in a nightclub

Victims were found spread across the tables and floors in a coastal town.

They have been taken for testing, as authorities scramble to find a cause of death.

South Africa’s President is sending his “deepest condolences” to families of the victims, most of whom are teenagers.

The tragedy has taken place during Youth Month, where South Africa pushes for more opportunities to help young people from poor socio-economic backgrounds.