Prevention is better than cure – but when it comes to Covid, what happens when people can’t get the vaccine, don’t want it, or they’re immune suppressed and it fails to stop infection?The hunt is on for a coronavirus treatment that can be taken as a pill soon after a confirmed positive, halting the disease in its tracks so that cases that might have been severe end up being nothing more than a bad cold.Several companies are working on so-called...
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US Trade Representative Katherine Tai on Monday voiced her “concern” to Canadian Trade Minister Mary Ng over the prospect of Ottawa imposing taxes on US tech giants.In its federal budget presented in mid-April, the Canadian government confirmed its intention to tax, from January 2022, the internet platforms offering services in Canada in the absence of international regulation.This three percent digital services tax targets companies with gross revenues exceeding US $900 million in global business. The measure is expected to bring...
President Joe Biden met virtually Monday with leading CEOs for a summit on the semiconductor shortage as he works to build support for his infrastructure bill.Biden, in brief remarks to a group that included the leaders of General Motors, Alphabet/Google, and US semiconductor powerhouse Intel, said the United States must build up its own infrastructure to prevent future supply crises.“We led the world in the middle of the 20th century,” Biden said. “We led the world toward the end of...
Two small Ecuadoran girls, three and five years old, were hoisted over and dropped from the top of a 14-foot...
The United States reimposed curbs Monday on an Israeli billionaire accused of corruption in the Democratic Republic of Congo, reversing a move by Donald Trump during his last days in office.Rights groups had urged Joe Biden’s new administration to halt the recent easing of sanctions on mining tycoon Dan Gertler, whom Washington claims deprived the DRC of $1.4 billion in tax revenues over the past decade.US State Department spokesman Ned Price said the license granted to Gertler five days before...
World leaders and governments on Wednesday expressed shock and outrage at the storming of the US Capitol in Washington by supporters of President Donald Trump.British Prime Minister Boris Johnson on Twitter condemned the “disgraceful scenes in U.S. Congress. The United States stands for democracy around the world and it is now vital that there should be a peaceful and orderly transfer of power”.British Foreign Secretary Dominic Raab added in his own tweet: “The US rightly takes great pride in its...
The US Treasury on Thursday called for the establishment of a global minimum corporate tax of at least 15 percent in negotiations with the Organization for Economic Cooperation and Development and G20.“Treasury proposed… that that the global minimum tax rate should be at least 15 percent. Treasury underscored that 15 percent is a floor and that discussions should continue to be ambitious and push that rate higher,” according to a statement from the department.US President Joe Biden’s administration in April...
The IMF executive board on Monday approved a financing plan “to cover its share of debt relief to Sudan,” Managing Director Kristalina Georgieva announced.“This marks a critical step in helping Sudan advance the process of normalizing relations with the international community,” Georgieva said, adding that the “plan relies on a broad effort of IMF member countries, including cash grants and contributions derived from IMF internal resources.”...
Two small Ecuadoran girls, three and five years old, were hoisted over and dropped from the top of a 14-foot...
President Joe Biden’s administration is considering spending $3 trillion on infrastructure in the United States, split into two bills that face narrow paths to approval in Congress, US media reported on Monday.The infrastructure plan would follow the $1.9 trillion American Rescue Plan Biden signed earlier month, which was aimed at helping the world’s largest economy recover from the damage done by the Covid-19 pandemic.Biden, who took office in January, vowed to pass a second bill aimed at improving infrastructure in...
The International Monetary Fund’s executive board announced Monday it had approved the disbursement of $487.5 million to Angola, which is suffering from low oil prices due to the coronavirus pandemic.The financial aid is part of a three-year agreement for about $3.7 billion (the value at the time) that was approved on December 7, 2018 under the IMF’s Extended Fund Facility (EFF).The EFF provides for longer IMF support for a program, as well as longer repayment terms for loans.Monday’s disbursement brings...
US Vice-President-elect Kamala Harris received her Covid vaccine live on television on Tuesday (Dec 29) and urged public trust in...
