UAE Covid vaccine: 35,674 residents vaccinated in 24 hours
Web report/Dubai
Photo: Supplied
The UAE has been witnessing a gradual decline in the number of Covid-19 infections over the past few weeks.
The UAE has vaccinated 35,674 residents against Covid-19 in the last 24 hours.
The country s Ministry of Health and Prevention (MoHAP) said the total doses administered now stands at 6.20 million. This takes the rate of doses per 100 people to 62.73.
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The government is committing £22 million (Dh112 million) to studies that test the effectiveness of a combination of different Covid-19 vaccines.
Russia said Thursday it will be able to provide its Sputnik V coronavirus vaccine for 50 million Europeans from June if it is approved by the European Medicines Agency (EMA).
Finance Secretary Kate Forbes KATE Forbes has confirmed an extended cut to stamp duty for house-buyers in England will not be matched north of the border. UK Chancellor Rishi Sunak used his Budget on Wednesday to announce continued relief for property purchases, but the Scottish Government’s Finance Secretary said the temporary reduction to Land and Buildings Transaction Tax (LBTT) – the equivalent of stamp duty in Scotland – would still end in March. The Scottish Conservatives have called on Ms Forbes to “think again”, warning that the action will mean that “many families in Scotland will be unable to move home”.
British Pound (GBP) Latest: GBP/USD to Remain Stable, No Response to UK Budget
GBP price, news and analysis:
GBP/USD continues to trade just under the 1.40 level, as it has since early Friday, and shows no sign yet of breaking either higher or lower near-term.
There was nothing in Wednesday’s set-piece UK Budget, or the accompanying economic forecasts, to affect it one way or the other.
Traders need to keep an eye out for rising Gilt yields, however, as they could begin to increase concerns about inflation and a possible response from the Bank of England. Advertisement
GBP/USD stability to persist near-term
Mar 4, 2021 09:22 GMTFXStreet News
Further covid support in the UK Budget was offset by increased taxes in the next five years. Vaccine rollouts and restriction easing should keep the GBP/USD pair within a lower 1.38-1.43 range, economists at Westpac report.
See: GBP/USD to hold below the 1.42 level through the spring – Rabobank
Key quotes
“The UK’s March 2021 Budget once again underscored the extraordinary scale of the UK’s support for the economy. Even though Chancellor Sunak announced yet further extensions and increases in fiscal support to offset the impacts of the covid pandemic, the latest Office of Budget Responsibility Economic and Fiscal Outlook profiles an improved economic outcome from Nov ‘20 which pulls down the 2020-21 peak in Public Sector Net Borrowing from 19.0% of GDP to 16.9%.”
Xinhua world economic news summary at 1030 GMT, March 4 theuknews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theuknews.com Daily Mail and Mail on Sunday newspapers.