A third wave of coronavirus cases has hit Africa as the highly contagious Delta variant continues to spread while less than 2 percent of the continent’s population has been completely vaccinated. “There are many villages always at high risk”Said Matshidiso Moeti, regional director of the World Health Organization.
Vietnam is in discussions with the United States starting local production of RNA messenger vaccines against Covid-19, said the foreign minister. Local production of mRNA vaccines could begin later this year, a spokesman said at a press conference, adding that Vietnam could make doses of 100 to 200m a year.
A cricket match in Barbados between the Antilles and Australia announced due to a positive Covid-19 test on a home team staffer it will not be reprogrammed until all the results were entered, said the West Indies Cricket. The one-day game was postponed a few minutes before it was due to start at Kensington Oval in Bridgetown.
The weak growth of the gross domestic product of the emerging market is weighing on sovereign ratings, Fitch Ratings said. The median GDP growth per capita for 81 EMs over 2011-2021 is only 10 percent, compared to 39 percent for the United States. Weak growth exacerbates fiscal, social and political risks, the agency said.
German vaccine manufacturer Covid-19 BioNTech has said it will donate € 1m to the German Alliance for Disaster Relief later this month devastating floods. Some of the worst damage occurred near the company’s headquarters in Mainz and its site in Idar-Oberstein, both in the state of Rhineland-Palatinate.
BlackRock has upgraded Japanese stocks to neutral despite the detection of coronavirus cases at the Tokyo Olympics. Thomas Taw, head of Asia-Pacific investment strategy at BlackRock iShares, said the potential risks associated with coronavirus cases at the Games are a “Temporary wind” for Japanese stocks.
Hyundai Motor said the global chip shortage was easier since it signaled one tripling operating profit to Won1.9tn ($ 1.7bn) in the second quarter from a year ago due to strong global sales. “Recovery from the Covid-19 pandemic has stimulated demand from the automaker,” said the South Korean automaker.
Yoshihide Suga, the Prime Minister of Japan, has held talks with Albert Bourla, president of Pfizer and executive director, seeking a faster delivery of coronavirus vaccine shipments such as infections grow in Tokyo, the host city of the Olympic Games. Japan will receive 70m doses of Pfizer jab between July and September.