Here is the list of news you need to catch up for today:
- Last-Minute News About Covid-19 Vaccine
- Fed’s November Report
- Azerbaijan, Armenia and Russia sign peace deal to put an end to Nagorno-Karabakh war
Last-Minute News About Covid-19 Vaccine: Could it Mean the End of the Pandemic?
According to official statement from Pfizer and BioNTech about the last minute development regarding the coronavirus vaccine, the experimental coronavirus (Covid-19) vaccine prevents coronavirus by more than 90 percent.
BioNTech Founding Partner Prof. Dr. Ugur Sahin stated that the first analysis of the 3rd phase studies of the vaccine globally “provides evidence that the vaccine can effectively prevent Covid-19” and said, “This innovation is a victory for science and global cooperation efforts.”
In a study conducted with more than 43,000 volunteers, one group received two doses of experimental vaccine, and the other group received a saline placebo. The study found that the vaccine was more than 90 percent effective.
It was stated that the vaccine has been tried on 43 thousand 538 people from 6 different countries so far, and it was stated that the vaccine was found to be safe. It was learned that the US Pfizer and German BioNTech planned to apply for “emergency approval” to use the vaccine by the end of the month.
Prof. Dr.Sahin stated that: “This was what we aspired to achieve when we embarked on the journey to find the vaccine 10 months ago. Especially today, when we are all in the midst of a second wave in the epidemic and many of us are subject to restrictions, how important this turning point is in the way of ending this epidemic and regaining a sense of normality for all of us.
Could it be the end of the pandemic? It still might be, but with many vaccine trials going all around the world we are still looking forward to which country will be the first to announce a ready vaccine to be distributed all around the world in order to put an end to the pandemic that has shaken the world since the beginnings of 2020s.
Fed’s November Report
The Federal Reserve announced on Monday with its report that the US could face a wave of debt defaults and significant declines in asset prices due to the pandemic and recession.
The Fed published the November 2020 statement of its “Financial Stability Report”, which includes evaluations of the current situation in the American financial system. It was stated in the report that since the report published in May, asset prices continued to rise during the fluctuation period.
The report recalled that business and household earnings fell and debt increased, and that this situation left households and businesses more vulnerable to future shocks.
Moreover, in the report published it was noted that banks were absorbing major losses related to the pandemic, and that the capital ratios generally increased to pre-epidemic levels. In the report, which shows how the Covid-19 shock, the vulnerabilities related to leverage and financing risk in non-bank financial institutions can increase the shocks in the financial system in times of stress, evaluations were made regarding the existing vulnerabilities.
The report showed that asset prices have generally increased since May this year, “pricing pressures are particularly difficult to assess, given the high level of uncertainty associated with the pandemic going all around the world. Asset prices remain vulnerable to significant declines if investor risk sentiment decreases or economic recovery weakens.” was mentioned in the report published.
In the report, which pointed out that operating debts increased sharply due to the impact of the epidemic, it was noted that the general decrease in revenues associated with the serious decrease in economic activity weakened the ability of the business to fulfill its debt obligations. The report pointed out that household debt also increases as many people lose their jobs and their earnings fall, “As many households continue to struggle, loan defaults can rise and cause financial losses.” was evaluated from the report.
Azerbaijan, Armenia, and Russia Sign Peace Deal to Put an end to Nagorno-Karabakh War
On November 10th, President of Russia, Vladimir Putin announced: “A ceasefire started between Azerbaijan and Armenia as of 00:00 (local time) tonight.”
Armenian Prime Minister Nikol Pashinyan has announced he had signed an ‘’painful agreement” for the Armenia nation with Russia and Azerbaijan to end the war over the area of Nagorno-Karabakh, just hours after Azerbaijan claimed it captured the region’s strategic city of Shusha.
“I have made a difficult, extremely difficult decision for personally me and all of us. I have signed a declaration with the Presidents of Russia and Azerbaijan on stopping the war starting from 01:00 (local time),” Pashinyan posted on his Facebook account.
According to the last minute information, Armenia has announced to the whole world that Azerbaijani lands of Nagorno-Karabagh that were under Armenian occupation for almost 30 years will be returned to Azerbaijan. The Azerbaijani President Ilham Aliyev came in front of the public yesterday night, declared the victory and officially announced that the Armenia-Azerbaijan Nagorno-Karabakh conflict was ended with the agreement signed today.
Azerbaijani President Aliyev addressed his people at night about the crisis in Nagorno-Karabakh. Aliyev, stating that a joint declaration was signed between Azerbaijan, Armenia and Russia, read the articles of the declaration.
Aliyev said, “Aghdam region will be returned to Azerbaijan until 20 November, Kelbajar 15 November and Lachin until December 1st”.