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

10 Nov 2021

COVAX Could see Vaccine Shipment in a Few Weeks

The Index Today

According to health industry sources, India may be able to continue its deliveries of Covid-19 shots to COVAX in a few weeks’ time. Previous deliveries to the vaccine-sharing platform were halted in April.

COVAX is working alongside World Health Organization WHO and has been pushed by the nation to restart supplies of vaccines after 4 million doses were sent in October. The Serum Institute of India SII, developed Covishieled which is a licensed version of AstraZenaca. The institute has increased its output by 240 million doses since its start in April after exports were paused amid rising cases.

The upcoming supply forecast for COVAX is expected to be released in the coming week. A source familiar with the situation said, “There will need to be purchase orders confirmed to SII, labelling and packing, export authorization granted for each of these shipments. So the first deliveries, assuming the Indian Government grants export authorization, won’t happen until a few weeks from now.”

Currently, the nation has unused vaccine doses amounting to 159 million or more. The demand for doses have retreated as the vaccine rollout has begun to slow down. According to SII, 20 to 30 million doses could be delivered to COVAX by the end of the year.

©Photo: UNICEF.com

Clay pottery with table linens