Inequitable distribution of coronavirus vaccines risks exacerbating financial vulnerabilities: IMF

The IMF has warned that the inequitable distribution of COVID-19 vaccines risks exacerbating financial vulnerabilities, especially for frontier market economies, even though their approval and rollout have boosted expectations of a global recovery and lifted risk asset prices. In its Global Financial Stability update released on Wednesday, the International Monetary Fund underlined that until the … Read more

Faith Leaders Spread the Word: Get Vaccinated

Orthodox Rabbi Shmuel Herzfeld, Ohev Sholom synagogue, Washington, DC. Imam Ammar Amonette, Islamic Center, Richmond, VA. Mimi Kiser, senior program director, Interfaith Health Program, and assistant professor, Rollins School of Public Health, Emory University, Atlanta. Forward.com: “On TikTok, on the pulpit and in legal rulings, rabbis tell congregants: get vaccinated.” ABC Action News: “Abington pastor … Read more

One year after Covid in America: a financial snapshot

Frederic J. Brown | AFP | Getty Images What a long year of Covid it’s been. Twelve months after the first case was confirmed in the U.S. in January 2020, American life and family finances continue to look different than they did pre-pandemic. While wealthier households — mostly college-educated and White — have largely rebounded … Read more

How Dangerous Is Coronavirus to the Middle-Aged?

TUESDAY, Jan. 26, 2021 (HealthDay News) — Middle-aged folks’ risk of dying from a COVID-19 infection is higher than they might think, a new study reports. The risk of death from COVID increases with age, but researchers have found that the upward curve grows exponentially steeper with every extra decade. One out of … Read more

Markets will seesaw for months, Invesco’s $1.2 trillion asset manager warns

Invesco chief global market strategist Kristina Hooper sees a volatile dynamic between optimism and pessimism playing out on Wall Street. According to Hooper, it will contribute to seesaw market behavior for months. “We are going to see some pretty significant economic headwinds in the near term driven by Covid-19,” Hooper told CNBC’s “Trading Nation” on … Read more

Moderna says it’s working on Covid booster shot for variant in South Africa, says current vaccine provides some protection

UC Berkeley University Health Services medical assistant Nova Rodriguez prepares a dose of the Moderna COVID-19 vaccine before administering it to fellow University Health Services staff at Tang Center near UC Berkeley in Berkeley, Calif. Jessica Christian | San Francisco Chronicle | Hearst Newspapers via Getty Images Moderna said Monday it’s accelerating work on a … Read more

Oxfam Report uncovers brute realities of corona pandemic, shows how billionaire became richer as thousands lost their jobs every hour

Oxfam said the pandemic increased all kinds of inequalities. (Photo source: IE) The coronavirus pandemic has aggravated existing inequalities around the world, including India, non-profit group Oxfam said in its latest report. The report, titled ‘The Inequality Virus’, found that the wealth of India’s richest billionaire grew by an estimated 35 per cent. However, as … Read more

Philips’ net profit rises 1.9 percent in 2020, co sees ‘uncertainty’ due to Covid in 2021

The Hague: Dutch electronics giant Philips said Monday it saw “uncertainty” this year due to the coronavirus pandemic, as net profit for 2020 rose 1.9 percent. The company, now focused on healthcare after decades as a key home appliances and lighting player, had sales of 19.5 billion euros ($23.7 billion) in 2020, up 0.27 percent … Read more

One island welcomes all vaccinated travelers — but some may want to wait

Seychelles this month became the first nation to welcome vaccinated travelers from all over the world, sparking excitement among international travelers. But there are reasons some travelers — even vaccinated ones — may want to wait. A sudden rise in cases Throughout 2020, Seychelles reported enviably low Covid-19 infection rates. Except for a small spike … Read more