Vaccine nationalism could cost global economy $9 trillion (ICC report)
27 January 2021 |
9:00 am
The risk of vaccine nationalism is a moral quandry - that could also have huge economic consequences. A new report from the International Chamber of Commerce says the unequal distribution of the Covid-19 vaccine could cost the global economy 9 trillion dollars. John Denton, Secretary General of the ICC, says supporting equitable distribution of vaccines is not an act of charity - "it's absolutely economic common sense."
Related
Related
2 days ago
To mark International Workers' Day, anti-poverty NGO Oxfam has released analysis showing that between 2020 and 2023, shareholders saw their dividend payments increase by 45 percent while workers saw their wages increase by just 3 percent.
2 days ago
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
2 days ago
The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight.
1 day ago
The devaluation of the naira against the dollar has plunged Nigerians into a deep socio-economic depression. The price of basic foodstuffs can double or even triple in the same day.
2 days ago
The number of foreign direct investment projects in Europe fell 4 percent in 2023 compared to the previous year, the first decline since the pandemic.
2 days ago
China's minister of commerce is in Europe for a week-long trip, with a focus on pushing back against accusations of unfair state subsidies in the Chinese electric vehicle sector.
Latest
1 hour ago
English football player Georgia Stanway has found form with Bayern Munich and is on the verge of making club history.
1 hour ago
Satirical website The Babylon Bee has posted a photo of Columbia University President Minouche Shafik "accidentally" giving a Nazi salute during a Congress hearing on anti-Semitism on April 17.
2 hours ago
FRANCE 24's culture editor Eve Jackson tells us about the life and work of US writer Paul Auster, who has died aged 77. Best known for "The New York Trilogy" mystery novels, Auster wrote more than 30 books that were translated into 40 languages. He had a particularly big following in France.
2 hours ago
In this Science segment, we look at the public health scandal surrounding a prescription drug called Androcur. First used in the 1980s to treat acne, hair loss or hirsutism (excessive body hair), it was later prescribed as a contraceptive pill.
3 hours ago
The ongoing war in Gaza has prompted debates in Malaysia and elsewhere in Southeast Asia over what is seen there as the West's moral decline for not having more forcefully condemned Israeli actions.
3 hours ago
Viral videos on social media claim to show US President Joe Biden either "shaking hands with a ghost" or with "thin air". Sources also report that former president Donald Trump has been flatulent and sleepy in the courtroom during his New York trial. We review these viral claims in this edition of Truth or Fake.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.