- USA will Share 80 Million Doses of Covid-19 Vaccine
- Unemployment is Under Expectation in the U.K.
- Sharp Drop in Tesla Stock
USA will Share 80 Million Doses of Covid-19 Vaccine
While vaccination campaigns continue throughout the world as part of the fight against the Coronavirus, a global vaccine aid statement came from the USA.
At the press conference, U.S. President Joe Biden stated that the U.S. would share 80 million doses of the Covid-19 vaccine with other countries in the next six weeks. “Our vaccination program has led the world, and today we are taking an additional step to help the world,” Biden said in a speech at the White House.
“No ocean is wide enough; no wall is high enough to keep us safe. Rampant disease and death in other countries can destabilize them — those countries — and pose a risk to us as well,” he added.
Stating that with the permission of the U.S. Food and Drug Administration, all AstraZeneca vaccine doses produced in the country will be distributed as well as Pfizer, Moderna, and Johnson & Johnson (J&J) Covid-19 vaccine doses, President Biden said, “This is the right thing to do. This is the smart thing to do. “
Biden said the U.S. would share a total of 80 million doses with the world, noting that the number is substantially higher than pledges from Russia or China, which he said have donated 15 million doses.
“Now there’s a lot of talk about Russia and China influencing the world with vaccines,” Biden said. “We want to lead the world with our values.” He said that the U.S. would not “use our vaccines to secure favors from other countries.”
It is unclear which countries will receive the doses. White House press secretary Jen Psaki said Monday that the administration will announce more in the coming days about deciding where to send vaccines.
Unemployment is Under Expectation in the U.K.
The labor market in the United Kingdom improved more than predicted in April, as the economy started to recover from the effects of the coronavirus.
British Office of National Statistics data showed that unemployment in the U.K. fell by 0.1% in the three months until March, a period which the country spent under a tight Covid lockdown, to 4.8%, compared to the three months in February.
The Office for National Statistics reported that the number of people on payroll increased by 97,000, while vacancies increased by 13%. As a result, the unemployment rate suddenly dropped to 4.8 % in the first quarter, as jobs increased by 84,000, the first increase since the pandemic began.
The figures add to evidence that Britain’s labor market has not taken the hit expected at the start of the coronavirus pandemic, partly thanks to the government’s massive job subsidy program.
Despite the economy contracting at its fastest pace in three decades last year, the central bank now expects unemployment to peak at just 5.4% in the third quarter, down from a previous forecast of 7.9%.
In addition, after a day of trading in the red, European stock markets were mixed on Tuesday morning in London, with gains in the U.K. driven by positive job figures.
The FTSE 100 (^FTSE) was 0.9% higher at the open, while the French CAC (^FCHI) rose 0.6% and Germany’s DAX (^GDAXI) ticked 0.1% lower.
Sharp Drop in Tesla Stock
The labor market in the United Kingdom improved more than predicted in April, as the economy started to recover from the effects of the coronavirus.
British Office of National Statistics data showed that unemployment in the U.K. fell by 0.1% in the three months until March, a period which the country spent under a tight Covid lockdown, to 4.8%, compared to the three months in February.
The Office for National Statistics reported that the number of people on payroll increased by 97,000, while vacancies increased by 13%. As a result, the unemployment rate suddenly dropped to 4.8 % in the first quarter, as jobs increased by 84,000, the first increase since the pandemic began.
The figures add to evidence that Britain’s labor market has not taken the hit expected at the start of the coronavirus pandemic, partly thanks to the government’s massive job subsidy program.
Despite the economy contracting at its fastest pace in three decades last year, the central bank now expects unemployment to peak at just 5.4% in the third quarter, down from a previous forecast of 7.9%.
In addition, after a day of trading in the red, European stock markets were mixed on Tuesday morning in London, with gains in the U.K. driven by positive job figures.
The FTSE 100 (^FTSE) was 0.9% higher at the open, while the French CAC (^FCHI) rose 0.6% and Germany’s DAX (^GDAXI) ticked 0.1% lower.
