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Daily Archives: July 16, 2020

‘No profit’ COVID-19 drugs promised to low-income countries


July 16, 2020

ZURICH: Novartis’s Sandoz division will not make a profit on 15 generic drugs it is making available to developing countries to treat symptoms of COVID-19, the Swiss drugmaker said on Thursday. Novartis said it would provide medicines ranging from antibiotics and steroids to diarrhea pills to 79 countries on the World Bank’s list of low- and lower-middle income nations. The …

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Coronavirus vaccine to be available by year’s end: Fauci


July 16, 2020

The leading US expert on infectious diseases, Dr. Anthony Fauci, predicted on Wednesday the country will meet its goal of a coronavirus vaccine by year’s end and was unmoved by the prospect that China would get there first. While there are no guarantees, “I feel good about the projected timetable,” Fauci told Reuters in an interview. His comments follow promising …

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China gives the go-ahead for human trials of BioNTech’s COVID vaccine candidate


July 16, 2020

China has approved an early-stage trial in humans of German firm BioNTech’s experimental COVID-19 vaccine, its local partner Shanghai Fosun Pharmaceutical said on Thursday. The potential vaccine is one of the two most advanced candidates that BioNTech is working on with its partner Pfizer Inc and they received “fast track” status this week from the U.S. Food and Drug Administration which is …

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Early-stage trial data on AstraZeneca COVID-19 vaccine due Monday


July 16, 2020

LONDON: Early-stage human trial data on a vaccine being developed by AstraZeneca and Oxford University will be published on July 20, The Lancet medical journal said on Wednesday. The vaccine candidate is already in large-scale Phase III human trials to assess whether it can protect against COVID-19, but its developers have yet to report Phase I results which would show …

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Apple wins EU court case over $15 billion in claimed taxes


July 16, 2020

BRUSSELS: A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein multinationals’ ability to strike sweetheart tax deals with individual EU countries when it ruled that Apple does not have to pay 13 billion euros ($15bn) in back taxes to Ireland. The EU Commission had claimed in 2016 that Apple had struck an illegal …

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Giroud guides ‘nervy’ Chelsea closer to Champions League


July 16, 2020

LONDON: Frank Lampard admitted Chelsea are struggling with nerves as they chase a place in the Champions League next season after Olivier Giroud scored the only goal in a 1-0 win over already relegated Norwich at Stamford Bridge on Tuesday. Victory opens up a four-point lead for third-placed Chelsea over Leicester and Manchester United, who both have a game in …

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Four games a day confirmed for 2022 World Cup


July 16, 2020

ZURICH: World Cup fans will be able to watch an unprecedented four games a day on television, spread out over 11 hours, during the group stage of the Qatar 2022 tournament after the schedule was confirmed on Wednesday. With the relatively short travel distances for the venues in and around Doha, it could be possible for fans who travel to …

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Lack of sports activity, closure of venues make life hell for ground staff


July 16, 2020

LAHORE: The sufferings of the poor ground staff working at various cricket grounds in the city of Lahore are increasing with each passing day due to the closure of the grounds and lack of any activity whatsoever in the wake of the Covid-19 pandemic. The miseries of the ground staff began when the Pakistan Cricket Board (PCB) took a harsh …

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Govt raises Rs249bn, exceeding T-bill auction target


July 16, 2020

KARACHI: The government on Wednesday raised Rs249 billion in first auction of treasury bills (T-bills) of this fiscal year against the target of Rs100bn. The cut-off yields on all tenors were reduced indicating the possibility of further cut in interest rates in next monetary policy review. The cut-off yield on three-month T-bills was reduced by 29 basis points (bps) to …

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Root returns to lead England as West Indies eye series win


July 16, 2020

MANCHESTER: England have dropped batsman Joe Denly for the second Test against the West Indies, returning captain Joe Root confirmed on Wednesday. Root missed England’s four-wicket loss in last week’s first Test following the arrival of his second child. But the star batsman has slotted back into the side for the second Test at Old Trafford starting from Thursday. The …

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