Showing posts with the label Coronavirus.

News | Business | Coronavirus Loans: Barclais Sayys Loans of 4.8 Million Pounds Could Never be Repaid.

Image Coronavirus: Barclays says loans of £4.8bn may never be repaid BBC News 4-5 minutes image copyrightGetty Images Barclays has reported a big drop in annual profits, having set aside billions of pounds for loans expected to turn sour due to the pandemic. The bank reported a 30% fall in pre-tax profits to £3.1bn for 2020, down from £4.3bn in 2019. It was forced to set aside £4.8bn to cover loans unlikely to be paid back amid the economic fallout of Covid. Despite that the bank announced it would resume dividends, with a payment of 1p per share to shareholders. 'Resilient and diversified' The bank has been one of the biggest providers of emergency loans during the coronavirus crisis, having given some £27bn worth to businesses. It has also provided more than 680,000 payment holidays globally for customers with mortgages, credit cards and loans. Barclays warned that pandemic-related costs would

Coronavirus: EU to tighten vaccine exports amid row with AstraZeneca

BBC News 5-6 minutes image copyrightReuters image captionReports suggest AstraZeneca may have warned of a 60% cut to doses available The EU has warned it will tighten exports of Covid vaccines produced in the bloc, amid a row with AstraZeneca over a cut in planned supplies. Last week, AstraZeneca told the EU it was falling behind on its supply target because of production problems. Vaccine supply has become a critical issue as nations seek to stem high infection rates. The AstraZeneca row could affect supplies to the UK of the Pfizer-BioNTech vaccine, which has been developed by the US and Germany. Pfizer's Belgian plant supplies the UK. Responding to the EU's comments, the UK's Minister for Covid Vaccine Deployment Nadhim Zahawi said on Tuesday that supplies were "tight" but added: "I'm confident that [AstraZeneca and Pfizer-BioNTech] will both deliver for us the quantities that we need

News | Coronavirus: Global coronavirus death toll tops 1 million as U.N. chief warns that ‘misinformation kills’

Antonia Noori Farzan 15-19 minutes n- Source: The Washington Post Please Note The Washington Post is providing this important information about the coronavirus for free. For more free coverage of the coronavirus pandemic, sign up for our Coronavirus Updates newsletter where all stories are free to read. The global death toll from the coronavirus pandemic eclipsed 1 million on Monday night — a figure that carries an incalculable human cost, and is almost certainly an undercount. Calling the milestone “agonizing,” U.N. Secretary General António Guterres said Monday that it was crucial that the international community learn from the mistakes made in the first 10 months of the pandemic. “Responsible leadership matters,” he said. “Science matters. Cooperation matters — and misinformation kills.” Here are some significant developments: The White House and House Speaker Nancy Pelosi (D-Calif.) resumed talks about a possible economic relie

News | Coronavirus: Scottish firm lands £7m Covid-19 test safety deal

2-3 minutes - Source: BBC Image copyright E&O Labs Image caption Bonnybridge-based E&O Laboratories is behind the solution A Scottish biotech firm has landed a deal worth up to £7m with NHS Scotland after creating a chemical solution to aid the Covid-19 testing process. The "breakthrough" approach is said to help make testing turnaround more efficient and improve safety. The VPSS solution (Viral PCR Sample Solution) was developed by Bonnybridge-based E&O Laboratories. VPSS is placed in each tube, which is said to make test samples that contain Covid-19 safe within the tube itself. This means that by the time it is transported to the lab,

Coronasvirus: South Korea finds just one case of coronavirus antibodies out of 3,000 tested

2-3 minutes - Source: Reuters SEOUL, July 9 (Reuters) - Just one person in a South Korean survey of more than 3,000 people showed neutralizing antibodies to the novel coronavirus, health authorities said on Thursday, indicating the virus has not spread widely in the community. While the sample size is small it is believed to be a reliable indicator of a low infection rate among the 51 million people of a country held up as a coronavirus mitigation success story. “The results indicate that each citizen has taken an active participation in tough social distancing,” Kwon Jun-wook, the deputy director of the Korea Centers for Disease and Prevention (KCDC), told a briefing. South Korea at one time had the most serious outbreak of the coronavirus outside China. It has had 13,293 cases and 287 deaths and has won praise for handling the pandemic without a full lockdown of its economy. It has credited its success to widespread testing and strict social distancing.

News | England | Coronavirus: Virus test and trace system kicks off

8-9 minutes - Source: BBC Image copyright Getty Images A team of 25,000 contact tracers are making their first phone calls to track down people who will be told to self-isolate under the new test and trace scheme in England. Tracers will text, email or call people who test positive with coronavirus and ask who they have had contact with. Any of those contacts deemed at risk of infection will be told to isolate for 14 days, even if they are not sick. Scotland is launching its own system, as it is expected to ease its lockdown. The aim of England's NHS Test and Trace system is to lift national lockdown restrictions and move towards more localised, targeted measures. The team will start by contacting the 2,013 people who tested positive for the virus on Wednesd

News | Business | UK | Coronavirus: Government draws up rescue plan for key companies

4minutos - Source: BBC Image copyright Getty Images The UK government has indicated it is prepared to rescue large British companies severely affected by the coronavirus crisis. The Treasury said "last resort" support could be made available if a firm's failure would "disproportionately harm the UK economy". The move follows indications that a number of big firms are seeking government help to survive the crisis. These include Jaguar Land Rover , which is in talks to secure a £1bn loan. The government has already put in place various initiatives to help companies weather the pandemic, including loan programmes, deferring of tax payments and the furlough scheme, which allows workers to receive 80% of their salary paid by the government. A

News | Business | Coronavirus: World Bank warns 60m at risk of 'extreme poverty'

3minutes - Source: BBC Image copyright Getty Images Up to 60m people will be pushed into "extreme poverty" by the coronavirus warns the president of the World Bank. David Malpass said the bank expects global economic growth to shrink by 5% this year as nations deal with the pandemic. This has already led to millions losing their jobs and businesses failing, with poorer countries feeling the brunt. "Millions of livelihoods have been destroyed and healthcare systems are under strain worldwide," he said. "Our estimate is that up to 60 million people will be pushed into extreme poverty - that erases all the progress made in poverty alleviation in the past three years," Mr Malpass warned on Tuesday. The World Bank defines "extreme po

News | Business | Coronavirus: Powell, Mnuchin to face Senate grilling on U.S. coronavirus response

David Lawder 3-4 minutes - Source: Reuters WASHINGTON (Reuters) - The U.S. government’s handling of its massive economic response to the coronavirus pandemic will come under scrutiny on Tuesday as Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell testify before the Senate Banking Committee. FILE PHOTO: U.S. Treasury Secretary Steve Mnuchin (R) and Federal Reserve Chairman Jerome Powell pose for G-20 finance ministers and central banks governors family photo during the IMF/World Bank spring meeting in Washington, U.S., April 20, 2018. REUTERS/Yuri Gripas/File Photo Senators are expected to grill Mnuchin and Powell about actions still needed to keep the world's largest economy afloat and about missteps in rolling out some $3 trillion in aid so far. (See graphic here showing how the money moved.) As more states reopen businesses, the government is closing in on the end of an eight-week program to fun

Coronavirus | US Coronavirus Reopening: Fauci warns of 'needless suffering and death'

6-8 minutos - Source: BBC The top US infectious diseases doctor has warned senators that the coronavirus will spread further if the country opens up too soon . Dr Anthony Fauci said if federal guidelines to reopen were not followed, "little spikes" would become outbreaks. He also said the real US death toll is probably higher than the official figure of 80,000. His message is at odds with the upbeat tone of President Donald Trump who is keen to get the economy going again. Dr Fauci was speaking via video to a Republican-led committee of the US Senate. He was referring to the White House's Opening Up America Again plan, which includes three 14-day phases that states are urged to consider implementing as they allow schools and businesses to reopen. Several states which are restarting their economies have infection rates that are rising, not falling. He warned of the risk of triggering an outbreak that offici

Magic Covid 19 Cure: Has magic cure for Covid-19 already been found? India Today

4-5 minute - Source:  After China said it has begun second phase of trial of a vaccine against Covid-19, similar claims have been made in Italy and Israel. Here is what we know about claimed magic cure for Covid-19 Medical research wings of China and Israel have claimed to have developed Covid-19 vaccines. Both say the next step is mass production of the magic cure for coronavirus pandemic. (Photo: Reuters) HIGHLIGHTS Israel has claimed to have developed a Covid-19 vaccine Israel's claim is similar to findings by researchers in The Netherlands Earlier, claims about Covid-19 vaccines came from China and Italy Has a cure for novel coronavirus infection or Covid-19, the disease, been found? The world wakes up wondering over this question every morning only to find a new addition to the list of claimants. A Chinese pharmaceutical company is already preparing for mass production of a vaccine that has entered second phas