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Tag: Corona virus

Coronavirus: US-Germany rivalry for laboratory looking for Corona virus vaccine

Coronavirus: US-Germany rivalry for laboratory looking for Corona virus vaccine

News
The United States has engaged in a standoff with Germany to try to secure exclusivity for a vaccine against the new corona virus vaccine currently under development by a German laboratory, Die Welt said on Saturday.According to the German newspaper, US President Donald Trump is trying to attract German scientists working on a potential vaccine against the new coronavirus with significant financial resources, thereby obtaining exclusivity for his country.The vaccine would then be "only for the United States," a source close to the German government told the newspaper.Berlin would try to keep its hand on this company by offering in turn attractive financial conditions.This rivalry concerns the biotechnology company CureVac, based in Tubingen in Baden-Wurttemberg. It al
Corona virus: the Fed slashes its key rate

Corona virus: the Fed slashes its key rate

News
(Washington) The US Federal Reserve announced a 0.5 percentage point cut in rates on Tuesday, an emergency decision due to the risks posed to the economy by the spread of the new corona virus and under repeated pressure from Donald Trump."In light of these constantly evolving risks," the Fed "today decided to cut rates by half a percentage point," she said in a statement released shortly after a meeting of ministers. Finance and central bankers of the G7, from which no concrete announcement had come out.This decision, taken outside the usual calendar of monetary meetings, was taken unanimously. It is a first since the 2008 financial crisis.President Donald Trump once again lambasted the central bank in a tweet, saying it was not going far enough and urged further cu...