Slow COVID vaccination to cost global economy $2.3 trillion: study

13 Sept 08:09 Key points summarised by AI

The global economy is projected to lose $2.3 trillion in output due to the slow rollout of coronavirus vaccines, according to an Economist Intelligence Unit (EIU) study.
Emerging and developing economies will bear two-thirds of these losses, with Asia-Pacific hit hardest in absolute terms and sub-Saharan Africa suffering the worst as a percentage of GDP, further delaying their economic convergence.
The significant disparity in vaccination rates (60% in high-income vs. 1% in poorer nations by late August) is exacerbated by wealthy countries focusing on booster shots and the failure of international efforts like Covax to adequately supply developing nations.

Sihasak urges Thais in Europe to stay alert as protests spread

Yesterday 12:06 Key points summarised by AI

Thai Foreign Minister Sihasak Phuangketkeow advises Thai nationals in Europe to avoid protest areas and reconsider non-essential travel, citing widespread unrest in countries like France, Italy, and Spain.
The warning comes as demonstrations escalate, with some turning violent, prompting concerns for safety and leading to an emergency Cabinet meeting in Italy and a proposed postponement of diplomatic talks.
Thai embassies and the Department of Consular Affairs issue advisories, urging citizens to monitor local developments, follow official announcements, and register their travel details for assistance, while emphasizing that no Thais have been directly affected yet.