Saturday, 17 October 2020 09:00

World news headlines

US Hoping For Two COVID-19 Vaccines By End Of November


Pfizer said Friday it hopes to move ahead with its vaccine after safety data is available in the third week of November, a couple of weeks after the November 3 presidential election.

**What's happening:
Borrowing is dirt cheap. Here's who is cashing in.
Unprecedented support from central banks has unlocked a surge of borrowing by governments around the world as they look to fund expensive coronavirus relief efforts. According to the International Monetary Fund, the ratio of sovereign debt to GDP in advanced economies will rise by 20 percentage points to about 125% of GDP by the end of 2021.

**United posts another huge loss after pandemic guts demand for air travel.
The carrier posted a $2.4 billion loss excluding special items, slightly less the $2.6 billion it lost on that basis in the second quarter but a bit above analysts' forecasts. Its net loss of $1.8 billion also exceeded the previous quarter's loss.

** US budget deficit hits $3.1 trillion, doubling previous record
The coronavirus pandemic has contributed to the tripling of the US budget deficit in just one year.
The US budget deficit now represents 15.2 percent of total GDP, the highest level since World .
The United States’s federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic shrank revenues and sent spending soaring.

** Pfizer says it hopes to seek authorisation for its COVID-19 vaccine in mid-November.
Pharmaceutical giant Pfizer says it hopes to seek authorisation for its COVID-19 vaccine in mid-November.
So let me be clear, assuming positive data, Pfizer will apply for Emergency Authorization Use in the US soon after the safety milestone is achieved in the third week of November," said CEO Albert Bourla in a statement.

 

(LIN)

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