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A significant delay or disruption in vaccine distribution is one of the most “substantial” risks to the economic outlook, Kansas City Federal Reserve Chairman Esther George said Tuesday. Ms George expressed optimism that the recovery will continue and said that possibility of a snapback“Once the United States has passed the pandemic.
Ireland has tightened pandemic travel rules for the second time in six days, forcing people visiting from all countries to present evidence of a negative Covid-19 test within 72 hours of arrival. Micheál Martin’s government decision on Tuesday broadens the scope of its decision last week to impose similar restrictions on people arriving from the UK and South Africa.
US crude production will continue to decline in 2021, as the fallout worst oil price collapse in the decades since the Covid-19 crisis continues to punish the country’s once-rampant slate patch, according to new federal forecasts. The U.S. Energy Information Administration said crude supply would drop to 11.1 million barrels per day this year, after averaging 11.3 mb / d in 2020.
Brazilian health officials said a vaccine against the Chinese coronavirus had shown an efficacy rate of just 50%, significantly below the levels initially indicated. Scientists at a leading biomedical research organization released the new figure on Tuesday, following criticism of a lack of transparency in earlier results of trials of the CoronaVac jab in the country.
A masked customer browses the interior of a Vons supermarket in San Diego
U.S. supermarket chain Albertsons improved its outlook for the full year and posted better-than-expected third quarter results as people dine at home and shop online in the midst of a coronavirus resurgence. The company, which also owns Safeway and Vons, said revenue rose 9% from a year ago to $ 15.4 billion in the quarter ending Dec.5, just ahead of expectations. analysts.
India bought 16.5 million doses of vaccine days before the start of its national vaccination campaign, officials said on Tuesday. Health Ministry officials said 11 million doses of Covishield, the AstraZeneca vaccine made by the Serum Institute of India, were purchased for Rs 200 ($ 2.70) each, and 5.5 million of Covaxin, the vaccine developed by Bharat Biotech, for Rs 206 per dose.
Valneva is in advanced talks with the EU on procurement up to 60 m doses of its Covid-19 vaccine, as the bloc seeks to push back against criticism that its vaccination program has been slow to start and get started. The French biotech company said on Tuesday it was in advanced talks with the commission, indicating that an agreement was about to be signed.
Zoom, the video communications company that thrived during the pandemic, will raise $ 1.5 billion in a stock offering. The company, whose proceeds have been used for everything from business meetings to online quizzes over the past year, said on Monday that fundraising could also be increased by $ 225 million. Zoom actions have increased by 356% over the past year.
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