International

WHO fears Omicron could spur fresh vaccine hoarding

AFP

The World Health Organization said Thursday it remained unclear whether additional Covid-19 vaccine doses are needed to protect against the new Omicron variant, and urged wealthy countries to avoid hoarding the jabs.

The UN health agency’s vaccine advisors warned that a rush to stockpile more jabs, especially without clear evidence they are needed, would only exacerbate the already glaringly inequal vaccine access around the globe.

“As we head into whatever the Omicron situation is going to be, there is a risk that the global supply is again going to revert to high-income countries hoarding vaccine to protect (their populations) … in a sense in excess,” WHO vaccines chief Kate O’Brien told reporters.

Her comment came after preliminary results published Wednesday indicated that three doses of the Pfizer-BioNTech Covid vaccine were needed to obtain the same level of protection against Omicron as two doses provided against the initial strain.

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O’Brien said the WHO was examining the data, and that it may turn out that “additional doses have benefit to provide added protection against Omicron”, but stressed it was still “very early days”.

While there was still little evidence that additional doses were needed to protect against developing severe Covid disease, many vulnerable people and health workers in poorer nations have yet to receive a single dose and remain at great risk.

O’Brien pointed out that the world had only just begun addressing the dangerous inequity in vaccine access in the past two months, with more donated doses and large shipments going to underserved countries.

“We have to make sure that it continues,” she said, warning that efforts by wealthy countries to stockpile more jabs for their people would only prolong the pandemic.

“It’s not going to work from an epidemiologic perspective, and it’s not going to work from a transmission perspective, unless we actually have vaccine going to all countries,” she said.

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“Where transmission continues … is where the variants are going to come from,” she warned, urging “a much more rational global perspective from countries about what’s actually going to shut down this pandemic.”

International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.