top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Coronavirus

22 Sept 2021

Biden Announces 500 Million COVID Vaccine Donation

The Index Today

President Joe Biden has announced a pledge to purchase additional 500 million vaccine doses for the purpose of donation to other countries. He expressed his views on making more changes to tackle the growing pandemic and encourage other world leaders to do more.

With the help of a virtual summit, the president aims to boost vaccination rates and bring in donations of 1.1 billion doses to help the rest of the world. Pfizer and BioNTech vaccines will be manufactured in the US and then shipped to underdeveloped and developing countries from January onwards. The summit will focus on increasing vaccination, supplying more medicine, and resolving the oxygen shortage faced in many countries.

According to reports, the cost per dose will come to around $7 which the government will cover entirely. The Biden Administration has agreed to donate 500 million doses and will pay Pfizer BioNTech $3.5 billion.

During the UN meeting, Secretary General Antonio Guterres displayed disappointment to world leaders over unequal distribution of vaccines and poor leadership ethics.

©Photo: NBC News

Clay pottery with table linens
bottom of page