The tantalising prospect of a return to normality life after covid. The uk medical regulator has become the first in any country to approve a covid vaccine, clearing the Pfizer Biontech jab for immediate use. But now comes what Prime Minister Boris Johnson has called the immense logistical challenge in getting people vaccinated and notjust here but around the world. Well be finding outjust how big a task that is in a moment, but first lets hear from the uk boss of pfizer, who spoke to our medical editor, fergus walsh. Its an incredible moment for society and i really think this is now a turning point in the fight against this pandemic, both here in the uk and across the globe. I couldnt be prouder right now. And in terms of doses, give us an idea of how many doses you can get to the uk, where they are coming from, and how soon we will get them. We are working to supply 800,000 doses this week to the nhs and we are scaling up from there. Our intention is across there. Our intention is across the globe that this year we will provide up to 50 million doses and through 2021 we will provide 1. 3 million doses around the world. Rival drug Company Moderna is one of several others with a covid 19 vaccine awaiting regulatory approval. Its boss has been urging people not to get carried away by the headlines. He says most people in the world will have a very long wait for a vaccine in the first place i think it is going to be extremely frustrating for the majority of the population, howeverfeel between people reading the headlines that there is great news on the vaccine front and it is not in the streets, that we should not forget. The fastest vaccine before i think is four years, which is really a great time because most vaccines are 7 10 years. Going back to this incredible capital collaboration. I think it will be frustrating because there wont be enough for most people in the world, definitely in the First Quarter, probably in the First Quarter, probably in the second quarter, and the entire year. Joining me now is emily field, head of European Pharmaceutical Research at barclays. Good morning, emily, thank you for getting up so early for us. Your thoughts on the logistical challenge ahead if we concentrate on the uk for now. Yes, thank you for having me. I think obviously with this initial approval of the pfizer biotech vaccine, especially given the need for the cold storage it is quite logistical challenge. Although listening to the downing street press conference yesterday i think that certainly gave us a great level of confidence that the government has very, very strong plans ensuring that no doses are missed, that these are given to the hubs that have the ability to store the vaccine appropriately and ensuring that patients do get that second dose in the appropriate timeframe and that second dose is not wasted. So i think that, you know, it seems that the initial rollout is going to be encouraging. However i think that as we get more vaccines approved hopefully we will see more that have less rigourous needs for storage that should make the roll out easier for broader populations. And clearly they have said that the plan is to get those working in the nhs, ca re get those working in the nhs, care homes, the most vulnerable and elderly at the top of the list. It will take a long time, wont it, we wont see normality for quite a while, will be . If we are really honest about this. Yes, thats true. And one of the most common questions we have been getting is when can we have a return to normal . Because that benefits not only the pharmaceutical industry but pretty much every industry we can think of. Its really difficult to say given the complexities of the roll out but i would say messaging from Public Health in the uk and also in the United States is that, you know, we should have enough vaccine for mass vaccination of the general population likely in the second quarter, spring, of next year and that should lead to an approach to a sort of normal situation in the summer months. That is the timeframe people have consistently been sticking to over the past few weeks we find that encouraging. Some may have concerns about the safety of the vaccine, especially as it has been pushed through so quickly by uk regulators. So some may not take it up. There isa some may not take it up. There is a lot of misinformation out there about vaccines and safety. How many of us have to go for this in orderfor it safety. How many of us have to go for this in order for it to be really effective . In terms of reaching herd immunity, again, this is a new virus and we are learning so much about i would say were just making estimates, we have seen estimates, we have seen estimates anywhere from 60 85 vaccination would reach herd immunity. I think it is still unclear. The pharmaceutical industry has done as much as it can in terms of trying to have as much transparency as possible regarding the data. We will now start to see data from these initial trials in Peer Reviewed medicaljournals which is considered the gold standard. I think as long as the industry a Public Health authorities can keep emphasising that while this was a very fast process no corners we re a very fast process no corners were cut in terms of scientific rigour and or monitoring safe. So hopefully that should increase the level of trust among the general public. Just quickly, on a global level there is concern that developing countries, it will bea developing countries, it will be a very long time before any of them see a vaccine widespread where they are. Your thoughts on how widespread this will be and how fair it will be distributed globally. Thats a very good question. That was a message out of the recent g20 conference, trying not to prioritise certain geography is wealth of nations in terms of the rollout of the vaccine. And i think by the vaccine coming from astrazeneca and oxford will be so important in terms of vaccinating countries that may not have as much capabilities for the cold storage, because there is can be stored at normal refrigeration and they have commitments with a lot of geographies outside the us and europe, hopefully as we get more pools of vaccines, we have these first three lead candidates and we will see more, johnson johnson, candidates and we will see more, johnson johnson, which is another vaccine that doesnt need cold storage hopefully coming in the First Quarter of next year. It will take time, but we are continuing to make forward progress such that we should see vaccinations across multiple geographies in 2021. All right, we watch this space. Emily field, thank you very much, from barclays. Lets turn to brexit now, because there could be a deal on future uk eu trade by friday. Sources have told the bbcs Political Editor Laura Kuenssberg that the negotiating process is likely to be concluded in the next few days and that the two sides might have made enough progress to agree a deal. Joining me now is david madden from cmc markets. Good to see you, david. Its interesting what those whispers in westminster are telling our Political Editor and others and yet we are hearing as well that france could be poised to veto any deal. What are your thoughts on the latest negotiations . I think the language we are hearing from politicians and also the commentary coming from political pundits will also suggest that we are getting closer to a deal. If you take a look at the action of the British Parliament and the last few weeks in months, broadly speaking its been on the rise. In late november the British Parliament hit its highest level versus the euro in about 11 weeks. It has been drifting a little lower recently, bubbly because patience is running low, ultimately people are looking at this from the point of view that the European Union has form for brokering deals at the very last minute. The nodal scenario is still on the table asa scenario is still on the table as a possibility. But the eu does have a track record of getting to the line at some point and even just by the commentary from your colleague and also the talk of negotiations in the last few days, which was played down, it would suggest that progress is slowly slowly but surely being made. The clock is ticking. They know it is a cliche when it comes to brexit. But in orderfor this cliche when it comes to brexit. But in order for this to get through parliament in the uk and a similar process in europe they have to get on with that probably next week, dont they, because there are few days left before the christmas break. Because there are few days left before the christmas breaklj agree. Before the christmas break. |j agree. Political time is certainly running out. That should really sharpen mines because at the end of the day it is economically advantageous for both sides to avoid a no deal scenario and given how things have played out, dont think there is much time for a very, hence of trade deal stop as far as the Financial Markets are concerned, Stock Traders and currency traders, as long as that crucial nodal scenario is avoided i think the new transition from the Financial Markets in february orjanuary. Thank you, david madden from cmc markets. Lets turn to the us china trade war, because the house of representatives has passed a bill that could shut off the countrys Financial Markets to chinese firms. The measure requires Foreign Companies which list their shares on us exchanges to comply with us accounting rules. Some 200 Chinese Companies are listed on us exchanges, including e commerce giant alibaba, with a total value of more than 2 trillion. Well, lets go live to singapore now. Mariko oi is there for us. Good to see you again. It would seem that the ante is being up yet again. Talk us through the latest twist. The name of the new bill is rather straightforward, it is called the holding Foreign Companies accountable act in these foreign firms will now have to comply with the us auditing rules and if they refuse to do so for three years in a row they can be delisted. Even though the bills as Foreign Companies its clearly aimed at china because lawmakers who wrote the bill said american investors have been cheated out of their money after investing in seemingly legitimate Chinese Companies that are not held to the same standards as other listed companies. Thats because chinese authorities have long been reluctant to let overseas regulators inspect local accounting companies, citing National Security concerns. The bill will also require them to disclose if they are owned or controlled by a foreign government. The senate has already passed it in may, so 110w already passed it in may, so now the bill will go to president trump, who will likely sign it into law stopping before the vote a Chinese Foreign Ministry Spokesman said it was a discriminant tree policy that politically oppresses Chinese Companies. If you are wondering if these tensions we keep talking about well is oncejoe biden becomes president in january, and judging from his interview with the New York Times recently it seems rather unlikely, because he said i wa nt to unlikely, because he said i want to make sure that we are going to fight like hell by investing in america first. He also said the best china strategy would be to get eve ryo ne strategy would be to get everyone of the us allies on the same page because the Trump Presidency has caused issues with some allies like the eu. The strategy might change but the overall hostile posture towards china will likely remain unchanged. All right. Mariko oi, good to see you. Many of the worlds major oil producers, the group known as opec plus, meet today to try and agree how much oil to pump next year. Their current deal to cut production by seven point seven Million Barrels a day, to prop up the price of crude amid a slump in demand, expires next month. Talks broke down earlier this week, with three of the groups heavyweights russia, saudi arabia, and the uae unable to agree. Joining me now is Dmitry Marinchenko, senior director at Fitch Ratings in moscow. Welcome to the programme. What are you expecting to happen today . So we think that most countries are interested in Oil Prices Remain stable. The only to stabilise prices is to come to stabilise prices is to come to kind of a consensus now and, in view of renewed lockdowns in some of the countries and the risk that the market might shift into surplus again if it is not extended, we think the current cost would finally be extended by probably one quarter until april 2021. This is something that should probably keep prices approximately at the current level. If the compromise is not reached and if the production sta rts reached and if the production starts increasing for opec and opec has been the major force in terms of stabilising oil market in 2020, then the market could turn into surplus again and this would result in prices falling. Where are the cracks, as it were, within this group, opec plus, who was fighting for what . Its very difficult to say, because the negotiations are behind closed doors. But from different report most countries, including saudi arabia, wanted to play it safe and would want to maintain the current production for some period of time to make sure reserves a re period of time to make sure reserves are stable. At the same time, the emirates is one of the countries that is challenging this and the reason being is that they want to be more independent with Energy Policies and there are reports they are even contemplating exiting opec. And the challenge is to balance, making the market balance in response to the covid 19 crisis and also maintain the market share, which is important for producers. The emirates, for example, it is planning to significantly increase its capacity in the next ten years. The challenge is to balance this with a commitment to cut production now. All right, thank you, Dmitry Marinchenko joining us live from moscow. Stay with us on bbc news. Still to come virtual catwalks and mask couture. Fashion picks its winners in a year like no other for the industry. Its quite clear that the worst victims of this disaster are the poor People Living in the slums which have sprung up around the factory. I am feeling so helpless that the children are dying in front of me and i cant do anything. Charles manson is the mystical leader of the hippie cult suspected of killing sharon tate and at least six other people in los angeles. At 11am this morning, just half a metre of rock separated britain from continental europe. It took the drills just a few moments to cut through the final obstacle. Then philippe cozette, a minerfrom calais, was shaking hands and exchanging flags with robert fagg, his opposite number from dover. This is bbc world news, the latest headlines the first doses of the Coronavirus Vaccine could arrive in britain within hours, after the uk became the first country in the world to approve the jab. Doctors sound the alarm in brazil, as a new wave of covid 19 sees a surge in hospital admissions, with nearly 50,000 new cases in 2a hours. Covid 19 has forced millions of us to reinvent how we work, learn, shop and socialise as lockdowns force us to stay at home. But its also put a magnifying glass over the many inequalities in the economy and in society. Thats led some to say the pandemic presents an opportunity for serious change. Suranjana tewari has more on the idea of a great reset. A global pandemic, millions madejobless, economies at a global pandemic, millions made jobless, economies at a standstill. Black lives matter mass protests over racial inequality. This year, the curtain was pulled back on deep rooted social and economic conflicts in almost every part of the world. Many are asking questions about whether our current Economic System still works. We have seen covid19 expose the ill effects of privatisation in Public Health. In public education. Covid 19 gave us in public education. Covid 19 gave us a in public education. Covid 19 gave us a remarkable opportunity to rethink this process of degeneracy, as i see a. Is it time to that capitalism . Lets a. Is it time to that capitalism . Lets rewind a bit. The last time economies came to a grinding halt was nearly a hundred years ago during the great depression. But after the Second World War ended, a new world order was created. Since then, global trade has exploded stop we have become more interconnected as goods and services are made and consumed around the world. That has been positive in many ways, lifting millions out of poverty. But jobs have also shifted from rich countries to poorer ones and in many places, the income gap has widened. And there is another problem. The pursuit of Economic Growth and corporate profits has come at a cost to the environment. Shrinking our natural resources, causing pollution, Climate Change and creating huge amounts of waste. Now, we have been here before, remember occupy wall street . We are the 99 when demonstrators called for change in the Financial Institutions and systems, many say nothing has changed since then. But this time, it is different. The coronavirus has not only shocked the global economy, it is also given us a chance to pause and think. The voices for change are growing louder stop what is the purpose of life . To be as healthy as have the as one can be. That should be the focus of policy makers. How do we change the way we do business so that everybody can benefit . Is now the time to reset the World Economy . Really really interesting question that which many are discussing. Some of them are doing it on an industry level as it were. The pandemic has presented unique challenges to many industries, not least the fashion business with the retail sector. Paralysed by store closures and lockdowns. Designers have had to reinvent the way they design and sell clothes. The British Fashion council will be announcing the winners of its Fashion Awards later today, and this time round its honouring those whove come up with positive responses to the crisis from new digital platforms to innovative apparel. Caroline rush is chief executive of the British Fashion council. Caroline, thank you for being on the program. So tell us about your awards, who is going to win and why . As you said, the fashion industry has been significantly impacted this yearin significantly impacted this year in terms of covid. And of course, what has been challenging for so many businesses, you have to take these moments to pause and look at the opportunities and the good that might come from it. And that opportunity to pause and really think about how our industry has stepped up, has reacted to this year. And those challenges, soever it is from businesses adapting their resources to support humanitarian efforts or produce ppe in response to black lives matter movement, what have individuals been doing differently . To really think about the taste for change in the fashion industry and Environmental Impact and to ta ke Environmental Impact and to take an opportunity to think about who may be as leading change in that space. And of course, the fashion industry, were normally talking about creativity and innovation well, that creativity has been put to very good use this year. Businesses and individuals have very much adapted the way they have shown their collections, the way they have talked to their consumers and we will be celebrating that as well. So very different. We normally do it at the Royal Albert Hall with 4000 people. Tonight, there is a film premiere at 7pm on Fashion Awards. Com, and will be celebrating 20 leaders of change which are stepping up for a decade of change ahead in community, people and environment and creativity. And we need to see that change dont we in the fashion industry in fashion, in the sense that there has been such a huge impact on our environment and one thing which baffles all of us as consumers is when we go shopping in our supermarkets or elsewhere, how we can buy clothes so cheaply that encourages a throwaway culture . That encourages a throwaway culture . Absolutely and i think it is not just culture . Absolutely and i think it is notjust businesses but consumers, went to change our Shopping Habits in that way. It isa Shopping Habits in that way. It is a missed opportunity to really step forward and to think about the amount of product that is created. A lot of it which doesnt even get to consumers first hand, let alone the where it once culture and dispose of it, absolutely needs to be challenged. And something that the industry is doing. Tonight, will be very much talking about those leading change in that sentence from accents, collective organisations coming together in the Global Industry to look forward and what the fashion industry is doing. She said before, there is much good that the fashion industry can do in terms creating jobs a lot of countries but we need to make sure that people are being looked after and treated fairly. That does mean the cost will be passed onto the consumer but i think consumers will to the stage where wearing pa nts will to the stage where wearing pants and a t shirt is fine. Thank you carolyn, chief executive of the British Fashion council. Thank you also. Hello there. We are into the start of december and meteorological winter and it will feel very wintry for the rest of this week. We will see change behind this cold front, very cold artic air will spread and some showers which will turn increasingly wintry over Northern Hills through the course of today. Windy for much of scotland and Northern Ireland with gales in the far northwest and a lot of showers, western scotland particularly, where some will be heavy with hail and thunder mixed in and increasing snow to the hills. The cold front sinking to the southeast will confine to the southeast, cloudy with rain but the skies will brighten up later on in the day and cold air and temperatures in the single digits. Heading to wednesday night, showery for snow on the hills in the north and we start to see the weatherfront bringing more organised rain in the parts of england and wales in the night, so here because of the wind, cloud and rain, not as cold as it was further north and snow showers and clear spells. Into thursday, this complex area of low pressure establishes up across the country, northern half of the country, will see sunshine and showers, snow in the hills and even down to lower levels at times, particularly in western scotland. Across southern england and wales, it will be really cloudy, wet and pretty heavy rain at times, gales through the channel and even a little bit of wintryness over the high ground across england and wales. It will feel cold wherever you are and temperatures of 3 7 degrees. Heading into friday, area of low pressure sticks around and we will see two centers it, one could bring some rain and hill snow, significant accumulating snow across parts of scotland. And we will see this front pushing into central and Eastern England to bring some heavy rain and you could see snow on the hills here in the pennines and wet sleety snow down to lower levels. The best of any dry and bright weather will be across Northern Ireland, wales and the southwest of england but it will be another really cold day wherever you are. Our area of low pressure sticks around heading into the weekend. Notice as we move to saturday and sunday it starts to weaken a little bit. Part two of the week looks a little bit quieter. You can see both saturday and sunday will remain cold and further wintry showers on saturday, and something a little bit drier and quieter on sunday. Good morning, welcome to breakfast with Naga Munchetty and charlie stayt. Our headlines today the first doses of a Coronavirus Vaccine will arrive in britain within hours, after the uk became the first to approve the jab developed by pfizer and biontech. Students taking gcse and a level exams in england next year will be awarded more generous grades to make up for the disruption caused by the pandemic. Good morning. Wait a waita minute, wait a minute, mr postman. 70 of shoppers had problems with parcels last year. With more people Online Shopping than ever before, ill explain what to do if it goes wrong. The fans are back thousands returned to Football League grounds in england last night, after more
vimarsana.com © 2020. All Rights Reserved.