The World Health Organisation chief said on Monday there are around seven or eight “top” candidates for a vaccine to combat the novel coronavirus and work on them is being accelerated.
WHO Director-General Tedros Adhanom Ghebreyesus told a UN Economic and Social Council video briefing the original thinking two months ago was that it may take 12 to 18 months for a vaccine. But he said an accelerated effort is underway, helped by $8 billion (Dh 29.3 billion) pledged a week ago by leaders from 40 countries, organisations and banks for research, treatment and testing.
He said the $8 billion will not be enough, and additional funds will be needed to speed up the development of a vaccine, but more importantly to produce enough “to make sure that this vaccine reaches everyone — and there’s no one be left behind.”
“We have good candidates now,” Mr Tedros said. “The top ones are around seven, eight. But we have more than a hundred candidates.”
“We are focusing on the few candidates we have which can bring probably better results and accelerating those candidates with better potential,” he said.
Mr Tedros did not identify the top candidates.
Since January, he said, “WHO has been working with thousands of researchers all over the world to accelerate and track vaccine development from developing animal models to clinical trial designs and everything in between.”
Mr Tedros said there is also a consortium of more than 400 scientists involved in vaccine development and diagnostics.
The WHO chief stressed that Covid-19 is “very contagious and it’s a killer,” with over 4 million cases now reported to the WHO and almost 275,000 lives lost.
While new cases are declining in Western Europe, they are increasing in Eastern Europe, Africa, south-east Asia, the eastern Mediterranean and other regions, he said.
Mr Tedros said “the pandemic is teaching us many painful lessons,” especially the importance of having strong national and regional health systems.
“And yet on current trends, more than five billion people will not access these essential services by 2030” — the ability to see a health worker, access essential medicine, and have running water in hospitals, he said.
He stressed that as the response to Covid-19 continues, nations must also lay the foundations for a healthy, safer and fairer world.
“The world spends around $7.5 trillion on health care each year, almost 10 per cent of global GDP, but the best investments are in promoting health and in preventing disease at the primary health care level which will save lives and save money,” Mr Tedros said.
UN Deputy Secretary-General Amina Mohammed told the briefing that all nations are “in it together” but the immediate priority must be the most vulnerable countries and communities.
She called for a new debt relief program for vulnerable countries so their economies can recover.
And she said measures to protect and stimulate the economy, from cash transfers to credits and loans must be targeted at women “who make up the majority of those in the hardest-hit informal economy, and who are at the forefront of the community response”.
The head of the International Labour Organisation said the UN agency estimates the equivalent of 305 million full-time jobs will be lost around the world in the second quarter of this year, which ends on June 30.
ILO Director-General Guy Ryder told the briefing that by comparison, only 22 million full-time jobs were lost immediately when the financial crisis hit in 2008-2009, “so you can see we’re in an entirely different place”.
Mr Ryder said it’s also often forgotten that 60 per cent of the global workforce of 3.3 billion have jobs in the informal economy, most of them women.
He said the ILO estimates that in the first month of the pandemic, with lock-downs and economic shutdowns, “these people have lost on average 60 per cent of their income, their revenues from work.” And they are concentrated in countries with scarce resources and the weakest social protection systems, he said.
Mr Ryder called for international cooperation to help those most in need and for stepped up efforts to keep enterprises alive, retain jobs, maintain the link between enterprises and workers even when they can’t work now.
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
The Bio
Hometown: Bogota, Colombia
Favourite place to relax in UAE: the desert around Al Mleiha in Sharjah or the eastern mangroves in Abu Dhabi
The one book everyone should read: 100 Years of Solitude by Gabriel Garcia Marquez. It will make your mind fly
Favourite documentary: Chasing Coral by Jeff Orlowski. It's a good reality check about one of the most valued ecosystems for humanity
UAE currency: the story behind the money in your pockets
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More from Rashmee Roshan Lall
WHAT IS A BLACK HOLE?
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2. They can be created when massive stars collapse under their own weight
3. Large black holes can also be formed when smaller ones collide and merge
4. The biggest black holes lurk at the centre of many galaxies, including our own
5. Astronomers believe that when the universe was very young, black holes affected how galaxies formed
Results:
5pm: Conditions (PA) Dh80,000 1,400m | Winner: AF Tahoonah, Richard Mullen (jockey), Ernst Oertel (trainer)
5.30pm: Handicap (TB) Dh90,000 1,400m | Winner: Ajwad, Gerald Avranche, Rashed Bouresly
6pm: Maiden (PA) Dh80,000 1,600m | Winner: RB Lam Tara, Fabrice Veron, Eric Lemartinel
6.30pm: Handicap (PA) Dh80,000 1,600m | Winner: Duc De Faust, Szczepan Mazur, Younis Al Kalbani
7pm: Wathba Stallions Cup (PA) Dh70,000 2,200m | Winner: Shareef KB, Fabrice Veron, Ernst Oertel
7.30pm: Handicap (PA) Dh90,000 1,500m | Winner: Bainoona, Pat Cosgrave, Eric Lemartinel
UAE currency: the story behind the money in your pockets
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
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The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
On sale: now
NO OTHER LAND
Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal
Stars: Basel Adra, Yuval Abraham
Rating: 3.5/5
ELIO
Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett
Directors: Madeline Sharafian, Domee Shi, Adrian Molina
Rating: 4/5
Our legal consultant
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
The most expensive investment mistake you will ever make
When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.
“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.
This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).
Age
|
$250 a month
|
$500 a month
|
$1,000 a month
|
25
|
$640,829
|
$1,281,657
|
$2,563,315
|
35
|
$303,219
|
$606,439
|
$1,212,877
|
45
|
$131,596
|
$263,191
|
$526,382
|
55
|
$44,351
|
$88,702
|
$177,403
|
MATCH INFO
Norwich City 1 (Cantwell 75') Manchester United 2 (Aghalo 51' 118') After extra time.
Man of the match Harry Maguire (Manchester United)