You are here: Home » Current Affairs » Coronavirus » News
Business Standard

World Coronavirus Dispatch: WHO warns of potential third wave in Africa

Goldman and HSBC to open Hong Kong offices fully, virus clouds Taiwan's growth outlook, and other pandemic-related news across the globe

Coronavirus | Coronavirus Tests | Coronavirus Vaccine

Akash Podishetty  |  Hyderabad 

Photo: Shutterstock
Photo: Shutterstock

Goldman, HSBC to open Hong Kong offices fully

Goldman Sachs and HSBC are opening their offices fully in Hong Kong as a fourth wave of infections was contained. Goldman said half of its staff in the financial hub are now vaccinated. Both banks told staff that starting Monday, all employees would be permitted to return to their Hong Kong offices, in a further sign that the financial hub is back to getting back business after more than a year of disruptions. With strict quarantine and social distancing rules, Hong Kong has been one of the best places in the world in containing the virus. Read here

Let's look at the global statistics

Global infections: 172,170,058

Global deaths: 3,702,028

Vaccine doses administered: 2,012,368,135

Nations with most cases: US (33,326,410), India (28,574,350), Brazil (16,803,472), France (5,755,679), Turkey (5,270,299).

Source: John Hopkins Research Center

Covid clouds Taiwan’s growth outlook amid export boom

The ability of Taiwan’s factories to continue running full steam is key to keeping the economy on track as a persistent Covid outbreak threatens to derail what was lining up to be a strong year for the economy. The government is likely to keep its estimate for first-quarter gross domestic product growth little changed at 8.2 per cent -- the fastest pace in over a decade, according to a Bloomberg estimate. It’s also expected to update its full-year GDP forecast from 4.64 per cent. Read here

WHO warns of third wave in Africa

A sudden, sharp rise in cases in many parts of Africa could amount to a continental third wave, the World Health Organization has warned, a sign of deeper trouble for a continent whose immunisation drives have been crippled by shortfalls in funding and vaccine doses. WHO said test positivity had risen in 14 African countries over the last seven days. Experts also believe the spread of new variants — like those first identified in Britain, India and South Africa — is contributing to the surge and the ensuing rise in deaths. Read here

Zimbabweans turned away for vaccinations after shortages

Hundreds of people are being turned away from vaccination centres in Zimbabwe as the country’s supplies of China’s Sinovac vaccine appear to have run out, triggering panic that the government is failing to acquire new stocks. While the government said that it had taken delivery of more medicines in recent weeks, centres in Harare have not had any stocks for nearly a week and there is growing anger at the failure to communicate acute vaccine shortages, which are being reported around the country. Read here

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, June 04 2021. 15:28 IST