Pandemic Financial News

South China Morning Post report, a group of scientists from the Wuhan Institute of Virology in China have created a nano vaccine candidate that may provide broad protection against all significant Covid-19 variants, as well as future coronavirus strains. The institute, known for its long-standing research on bat coronaviruses, has faced intense scrutiny, particularly from countries like the United States, due to allegations that the Covid-19 pandemic may have resulted from a lab leak at its facilities. Despite the ongoing controversy, researchers at the institute, with steadfast backing from the Chinese government, have pressed on with their studies into Sars-CoV-2, the virus responsible for Covid-19. While current vaccines have been effective in slowing the spread of the virus and lowering death rates, the team behind the new nano vaccine notes that none of the existing options provide comprehensive or universal protection against all variants of the virus.

Inflation cooled in August and fell to its lowest level since February 2021, which was around the time the consumer price index began to climb during the pandemic era.

With inflation subsiding, the European Central Bank is cutting its benchmark interest rate to prop up tepid growth with lower borrowing costs for companies and home buyers

Oil prices took a frightening turn this month, in what one commodities analyst described as “a complete bloodbath.”

ageing population and climate change, a government watchdog forecast on Thursday. The projection from the Office for Budget Responsibility comes ahead of the Labour government's maiden budget next month in which some taxes are expected to rise to help fill a blackhole estimated at £22 billion ($29 billion). Commenting on its latest annual Fiscal Risks and Sustainability report, the OBR noted that «long-term projections such as these are clearly highly uncertain».

₹13,000-18,000 a month, but would prefer a quick commerce, delivery, logistics job over construction work," said Aditya Narayan Mishra, CEO of CIEL HR Services, a recruitment firm. Also read | Workforce crisis hits construction & infra firms like L&T, KEC, HCC Another factor at play is that workers do not have the skill sets that new projects demand, making them look at Israel and the Middle East for jobs.

Bill Gates addressed two pressing challenges that the humankind might come around the world. He pointed the major situation of the world being in a crossroads as today’s decisions will affect the future generations, reported Fortune. Bill Gates also has come up with the point of proactive measures of humanity being at risk to be entered in a cycle of conflict or health issues.

Pierre Poilievre, the leader of the Conservative Party and the current favourite to win the next election, attacked former central banker Mark Carney for agreeing to help Justin Trudeau on economic policy.

Niti Aayog to prepare a framework for future pandemic preparedness has suggested enacting separate legislation to handle public health crises. The report titled 'Future Pandemic Preparedness and Emergency Response — A Framework for Action' said learning from the experience of COVID-19, the experts have realised that responding in the first 100 days of an outbreak is crucial for effective management. «A separate Public Health Emergency Management Act (PHEMA) is proposed to facilitate the management of any public health crisis. »The PHEMA can address various aspects beyond epidemics, including non-communicable diseases, disasters, and bio-terrorism, and should be in place for a developed country," it said.

NITI Aayog has proposed enacting a new Public Health Emergency Management Act (PHEMA), setting up of a special pandemic preparedness and emergency response fund and creating an institutionalized empowered governance mechanism to tackle public health emergencies in future. Recommendations are part of the Pandemic Preparedness and Emergency Response (PPER) framework, proposed by an expert group set up for the purpose after Covid 19 pandemic. The idea is to put in place an emergency response which begins action on day zero and gives the required results to have disease prevention, mitigation and control in place within 100 days of the outbreak.

China’s exports grew for a fifth consecutive month

Southwest Airlines will revamp its board and the chairman will retire next year, but it intends to stick with CEO Robert Jordan

Kamala Harris on Tuesday night took on Republican rival Donald Trump in what was their first official face-off during the US Presidential Debate 2024 in Philadelphia. In contrast to outgoing President Joe Biden's disasastrous, and what critics called a sure-short failure of a debate for Democrats, Harris' fight against Trump appeared to be a visual treat. Harris, who identifies as an American born to Jamaican-Indian immigrant parents, was tough on the former US President, launching sharp attacks and significant verbal punches, often taking the Republican by surprise.

From the opening moments of her first debate against Donald Trump, Kamala Harris craftily exploited her opponent's biggest weakness. Not his record. Not his divisive policies. Not his history of inflammatory statements.

inflation) diminishes gold’s appeal: from a yield perspective, investors are better off holding treasury bonds rather than a non-yielding asset like gold. Read this | Are sovereign gold bonds the new ‘gold standard’ in investing? In recent months, however, US bond yields have declined, driven by expectations of easing monetary policy, and they’ve fallen more than inflation. From January to August, the two-year treasury yield dropped by 33 basis points (bps), and the 10-year yield fell 24 bps, while inflation decreased by 20 bps between January and July.

US recession is currently becoming an unwanted reality, as various market factors are suggesting that there are major chances of a major effect on the national economy. The pandemic had earlier triggered a major inflation in the country, worse than what was seen in the last 40 years, and now, there are chances that things could deteriorate again if the impending recession does arrive.

Mint for the first three to four years, she wasn’t making much. By 2016, however, things started to improve, and her income rose to about ₹2 lakh per month. “Back then, there were no stories or reels; there were only static pictures, and I was paid to post pictures and blog." The pandemic accelerated an already booming influencer marketing industry, with the internet becoming a primary source of entertainment.

Toronto’s housing market has ground to a halt and so far not even the forces of Bank of Canada interest rate cuts have been able to revive it.

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Donald Trump’s speech on the economy last week was as usual a jumble of good (deregulation and taxes), bad (tariffs), and incoherent (child care). But one new idea he floated is a very good one and deserves more attention: The former President said he’d ask Elon Musk to run a Government Efficiency Commission. Eyes understandably glaze over at the sound of “commission," which is usually intended to duck a hard issue.