-
Oil rises, global stocks mixed as markets track Iran developments
-
World Cup winner Pavard confirms Marseille exit
-
Trump says holding off on new Iran attack
-
Cuba warns of 'bloodbath' if US attacks; Washington adds sanctions
-
Trump says delaying Iran attack at request of Gulf leaders
-
Cuba warns of 'bloodbath' if US attacks and Washington issues sanctions
-
After mayor's murder, Mexico battles to bring peace
-
Trump admin creates $1.7 bln fund to compensate allies prosecuted under Biden
-
Pelicans name Mosley as coach, two weeks after Magic firing
-
Hyderabad qualify for IPL play-offs along with Gujarat
-
'Girl in the River Main' identified 25 years on, father arrested
-
Musk loses blockbuster OpenAI suit as jury says too late
-
SNC Scandic Coin and Biconomy: Regulated real-world assets meet global trading infrastructure
-
Judge allows gun as evidence in Mangione healthcare exec murder trial
-
First attack on Arab nuclear site sends warning to Gulf, US
-
Oil rises, bond yields weigh on stocks
-
Hormuz tanker traffic edges higher after wartime low
-
Andalusia setback highlights weakness of Spain's ruling Socialists
-
India's Adani to pay $275 mn settlement to US over alleged Iran sanctions violations
-
Middle East tourism pain is Europe's gain
-
UK Labour leadership hopeful reopens Brexit debate
-
PSG's Dembele has treatment for leg issue before Champions League final
-
Spurs must play with 'courage' to seal safety: De Zerbi
-
Hantavirus-hit cruise ship ends deadly voyage
-
Champagne start in Reims for 2028 Tour de France
-
Dogs allowed on new Brigitte Bardot beach in glitzy Cannes
-
Oil prices dip on report of US sanctions relief for Iran during talks
-
Croatia names Modric-led World Cup squad
-
Iran World Cup squad lands in south Turkey for training
-
Mushfiqur ton leaves Pakistan needing record run chase to beat Bangladesh
-
Transport protests hit Kenya over rising fuel prices
-
Ex-Google exec takes reins at under-fire BBC
-
France unveils architects to transform Louvre
-
'Mesmeric' movie on secret lives of Nigeria's rich wows Cannes
-
Ex-Google man takes reins at under-fire BBC
-
Swatch blames shopping centres for 'problems' with star product launch
-
Carvajal to leave Real Madrid at end of season
-
Stocks drop, oil climbs after fresh Trump warning to Iran
-
Blockbuster 'Hope' shows S.Korea's growing movie muscle
-
Twins wow Cannes with 'mesmeric' tale of Nigeria's rich
-
New Ebola outbreak in DR Congo: What we know
-
Iran Nobel winner discharged from hospital: supporters
-
Spanish court orders 55 mn euro tax refund to Shakira
-
Ryanair flags Iran war uncertainty as annual profit jumps
-
Hearts have bright future despite Scottish title pain: McInnes
-
Fernandes 'proud' to match Premier League assists record
-
Germany set to miss 2030 climate goal: experts
-
G7 finance chiefs meet to seek common stance on unstable ground
-
Freedom of speech 'not an absolute right', Hong Kong trial of Tiananmen activists hears
-
Hantavirus-hit cruise ship docks in Rotterdam at voyage end
Virtual global Covid summit yields $3bn in new funding
US President Joe Biden warned nations attending Thursday's virtual global summit on Covid-19 that there was "still so much left to do" to quell the pandemic, as more than $3 billion in new funding was pledged.
The veteran Democrat may however be at pains to spearhead ambitious plans to vaccinate the world and stop the spread of the coronavirus, as Congress has so far refused to authorize billions of dollars in funding.
The United States crossed a grim milestone as the summit began, with the White House announcing that more than one million Americans have now died due to Covid-19, the pandemic's highest recorded death toll in the world.
In his remarks to the summit, Biden said that while progress had been made on global vaccinations and delivering medical equipment to countries in need, "there's still so much left to do. This pandemic isn't over."
"We all must do more. We must honor those we have lost by doing everything we can to prevent as many deaths as possible," the US leader said.
The White House announced that the summit had "garnered new financial commitments totaling more than $3 billion in new funding... above and beyond pledges made to date in 2022."
More than $2 billion of that total will go towards "immediate" Covid-19 response, while $962 million has been committed to a World Bank fund for pandemic preparedness and global health security.
The United States pledged another $200 million to that fund, raising its contribution to $450 million.
"We want to prevent complacency. The pandemic is not over," a senior US official said of Thursday's meeting, which follows a first global huddle last September.
So far, the worldwide Covid-19 death toll stands at more than six million people.
The virtual gathering was co-chaired by the United States, along with current G7 president Germany, G20 president Indonesia, African Union chair Senegal, and Belize, the current chair of the CARICOM Caribbean grouping.
- 'Loud call' to Congress -
Unlike last September, when Biden challenged partners to surge vaccines worldwide and get 70 percent of every country vaccinated by September of this year, the US government came to Thursday's session hobbled by an inability to secure even its own funding.
Biden has requested another $22.5 billion in emergency Covid money, including $5 billion for the administration's signature international program, which has seen some 500 million vaccine doses shipped to more than 100 countries.
After debate, preliminary agreement was reached in the legislature on spending just $10 billion, with nothing for the foreign vaccines.
"You will hear a loud call" to Congress, the US official said. "We know the virus is not waiting for Congress. So we need urgent, urgent action."
Opponents in Congress have been especially concerned about funding foreign vaccinations, but the senior official argued that when a new virus variant strikes, it is likely to start abroad before hitting the United States.
"Without additional emergency Covid-19 funding, the United States will be unable to purchase additional life-saving treatments for the American people," the official said.
"The United States will be less able to stop the spread of dangerous new variants from around the world and the United States will be unable to keep vaccinating the world against Covid-19."
N.Shalabi--SF-PST