Emerging market shares rose on Friday and were on course for their fourth straight week of gains as optimism around China lifting some COVID curbs and hopes for smaller interest rate hikes from the U.S. Federal Reserve eased recession worries.
The deal - which will also reserve capacity to produce vaccines specifically for Global South countries during future outbreaks of disease - will help Africa take charge of its own health security, said CEPI CEO Richard Hatchett. The funds, which will initially include up to $15 million over three years, will support development of the institute's manufacturing facilities for routine and outbreak vaccinations.
Creaking coal-fire power stations, underinvestment in new generating capacity, corruption in coal supply contracts and foot-dragging on policies that would enable private providers to plug the shortfall with renewable energy have all conspired to leave South Africa woefully short of its power needs. Eskom said from Tuesday the pattern would be "Stage 4" rotational outages from 0500 local time (0300 GMT) until 1600, followed by "Stage 5" from 1600 local time until 0500 the following morning.
Already, a Thunberg-sponsored "cease and desist" campaign is gaining steam on social media with accusations that the oil firms have hijacked the climate debate. Soccer club Manchester United set out a dazzling shop front on the Davos high street, but insisted its lounge was to entertain clients and partners rather than to attract buyers.