Read more about Rich countries vaccine nationalism to backfire as Covid worsens in India on Business Standard. Variants emerging in India pose worldwide threat, experts say; India s vaccine shortages in part blamed on US export curbs
Coronavirus India LIVE UPDATES: Vaccine hoarding could backfire on rich countries afr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afr.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI (BLOOMBERG) - For months, developed economies have hoarded Covid-19 vaccines and the raw materials needed to make them. Now, they re being forced to act as an explosive outbreak in India raises the risk of new virus mutations that could threaten the wider world.
Under mounting criticism for dominating vaccine resources, the United States said this week that it will help India by sending items needed to manufacture vaccines as part of an aid package. European countries are also pledging help as new cases in the South Asian country smash world records.
US President Joe Biden s administration is separately vowing to share its stockpile of AstraZeneca vaccines - which the US hasn t even approved for use - and meeting with drug companies about boosting supply and waiving intellectual property protections on Covid-19 shots, a shift India and South Africa have been pushing for.
Vaccine hoarding may backfire on rich nations as India reels indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
SIPRI’s research on arms and military spending has been the core of the Institute s work since its foundation in the 1960s. Credit: Stockholm International Peace Research Institute (SIPRI)
UNITED NATIONS, Apr 26 2021 (IPS) - The United Nations– which is desperately seeking funds to help developing nations battling a staggering array of socio-economic problems, including extreme poverty, hunger, economic inequalities and environmental hazards– has continued to be one of the strongest advocates of disarmament.
The world body has relentlessly campaigned for reduced military spending in an attempt to help divert some of these resources into sustainable development and humanitarian assistance.
But according to a new report released April 26 by the Stockholm International Peace Research Institute (SIPRI), world military expenditure rose to nearly $2 trillion in 2020, an increase of 2.6 percent, in real terms, from 2019.