As countries across Western Europe announced new lockdowns and reported historic economic slumps, the UN health body said the pandemic was a"once-in-a-century" crisis and its fallout would be felt for decades.
"Claims of having a vaccine ready to distribute before you do testing, I think, is problematic, at best."As part of its own"Operation Warp Speed," the US government will pay pharma giants Sanofi and GSK up to US$2.1 billion for the development of a COVID-19 vaccine, the companies said. But since July daily cases have risen to record highs, partly brought in by the tens of thousands of people who were exempted from a mandatory quarantine imposed on most arrivals.France, Spain, Portugal and Italy all reported huge contractions in their economies for the April-June quarter, while Europe as a whole saw gross domestic product fall by 12.1 per cent.
It came just a day after the US posted a second-quarter GDP drop of 9.5 percent from the same period a year ago, the worst it had ever recorded.Fresh off a bout of COVID-19, Brazil's President Jair Bolsonaro said Friday nearly everyone will probably end up catching the new coronavirus, urging Brazilians to"face up to it" and saying there was nothing to fear.
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