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Vaccine patent waiver will not be enough - WTO chief

By Philip Blenkinsop BRUSSELS (Reuters) - Waiving intellectual property rights for COVID-19 vaccines will not be enough to narrow the huge supply gap between rich and poor countries, the head of the World Trade Organization said on Thursday. South Africa and India have urged fellow WTO members to waive IP rights on vaccines to boost production. Poorer countries that make up half the world s population have received just 17% of doses, a situation the World Health Organization head has labelled vaccine apartheid . U.S. President Joe Biden said last week he supported the waiver idea, but the European Union and other developed country opponents said it will not increase output. Speaking to the European Parliament on Thursday, WTO director-general Ngozi Okonjo-Iweala said it was clear that an IP waiver alone would not be enough. To have solved the unacceptable problem of inequity of access to vaccines, we have to be holistic. It s not one or the other, she said, adding this could not drag o ....

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Invest in health or face credit ratings 'stick' -WHO's expert panel


Invest in health or face credit ratings stick -WHO s expert panel
FILE PHOTO: Mario Monti, President of Bocconi University attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 20, 2017. REUTERS/Ruben Sprich/File Photo reuters tickers
This content was published on May 18, 2021 - 11:17
May 18, 2021 - 11:17
By Francesco Guarascio
BRUSSELS (Reuters) - States that invest too little in public health could have their credit ratings cut, according to the chair of a World Health Organization panel that wants a new global body set up to spell out the risks to financial stability from healthcare failures.
The comments by Mario Monti come before a global health summit on Friday in Rome at which leaders of the Group of 20 largest economies will discuss the coronavirus emergency and how to prevent major health crises in future. ....

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EU agrees partial truce with U.S. over Trump tariffs


EU agrees partial truce with U.S. over Trump tariffs
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman reuters tickers
This content was published on May 17, 2021 - 13:00
May 17, 2021 - 13:00
By Philip Blenkinsop
BRUSSELS (Reuters) - The European Union has agreed to a partial truce with the United States in a dispute over metal tariffs imposed by former president Donald Trump and to start discussions on global overcapacity and China s trade-distorting policies.
The European Commission, which oversees EU trade policy, said on Monday it would suspend a planned hike of retaliatory tariffs for up to six months. These would have added U.S. products from lipstick to sports shoes and doubled to 50% duties on U.S. bourbon whiskey, motorbikes and motor boats on June 1. ....

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Blinken tells North Korea: diplomatic ball is in your court


Blinken tells North Korea: diplomatic ball is in your court
U.S. Secretary of State Antony Blinken wearing a face mask speaks with Japan s Foreign Minister Toshimitsu Motegi (not pictured) during a bilateral meeting as part of the G7 foreign ministers meeting, in London, Britain May 3, 2021. Ben Stansall/Pool via REUTERS reuters tickers
This content was published on May 3, 2021 - 18:03
May 3, 2021 - 18:03
LONDON (Reuters) - U.S. Secretary of State Antony Blinken said on Monday that North Korea needed to engage diplomatically to see if there were ways to achieve the denuclearisation of the Korean peninsular.
I hope that North Korea will take the opportunity to engage diplomatically, and to see if there are ways to move forward toward the objective of the denuclearisation of the Korean peninsula, Blinken said at a news conference in London. ....

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UK lawmakers call for PM Johnson to publish big pharma lobbying messages


UK lawmakers call for PM Johnson to publish big pharma lobbying messages
FILE PHOTO: Britain s Prime Minister Boris Johnson gives media interviews as he visits Hartlepool United Football Club ahead of the May 6 by-election, Hartlepool, Britain, April 23, 2021. Ian Forsyth/Pool via REUTERS reuters tickers
This content was published on April 26, 2021 - 01:36
April 26, 2021 - 01:36
By James Davey
LONDON, April 26 (Reuters) - British lawmakers on Monday called on the government to publish all communications with pharmaceutical companies to understand if private lobbying influenced its opposition to a waiver of intellectual property rules for COVID-19 vaccines.
The United States and a handful of other big countries, including the United Kingdom, have blocked negotiations at the World Trade Organization (WTO) involving a proposal spearheaded by India and South Africa that now has the support of 100 WTO members. ....

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