SHENZHEN, China – China’s strict COVID-19 controls will hamper foreign investment into the country for years to come as limits on travel block the pipeline for projects, the President of the American Chamber of Commerce warned on Tuesday. There are few signs that American companies are leaving the China market, but the years-long process of research and due diligence for projects has been delayed, Michael Hart said at an event launching the chamber’s annual report.…"China’s COVID controls will impact foreign investment for years – U.S. lobby"
LONDON – The cost of life-saving treatment for the most severely malnourished children is set to jump by up to 16% due to Russia’s invasion of Ukraine and pandemic disruptions, according to the United Nations’ children’s agency. The raw ingredients of the ready-to-eat-therapeutic food have leapt in price amid the global food crisis sparked by the war and pandemic, UNICEF said. Without further funding in the next six months, 600,000 more children may miss out…"U.N. warns of ‘catastrophic’ child malnutrition due to price hikes, Ukraine war"
– Abbott Laboratories, the biggest U.S. supplier of powder infant formula including Similac, initiated a recall and closed its Sturgis, Michigan, manufacturing plant earlier this year after reports of serious bacterial infections in four infants. The recall and shutdown has worsened a baby formula shortage among multiple manufacturers that began with pandemic supply chain issues. Here are some details about what has happened: WHEN DID THE PLANT CLOSE? Production at an Abbott plant in Sturgis,…"Explainer-What happened with Abbott baby formula that worsened a U.S. shortage?"
WASHINGTON – The U.S. Food and Drug Administration will make an announcement regarding imported infant formula as soon as later on Monday, the agency’s chief told NBC News in an interview as regulators and lawmakers seek to address ongoing supply shortages. FDA Commissioner Robert Califf added he does not expect the shortage of the critical baby product to last until the end of year, adding it was “quite likely” there could be movement to reopen…"FDA to address baby formula imports as soon as Monday -chief"
GENEVA – The World Health Organization warned on Monday that COVID-19 may spread rapidly in North Korea, where it said vaccination programmes had yet to begin. “With the country yet to initiate COVID-19 vaccination, there is risk that the virus may spread rapidly among the masses unless curtailed with immediate and appropriate measures,” said Poonam Khetrapal Singh, WHO’s regional director for South-East Asia, in a statement sent to journalists. In the same statement, the WHO…"COVID-19 may spread rapidly in North Korea, WHO warns"
BRUSSELS – The European Commission said on Monday that no final decision had been made about the possible termination of a contract with Valneva to supply its COVID-19 vaccine to the European Union. Valneva said earlier on Monday it had received a notice of intent from the Commission to terminate the contract. The statement triggered a sell-off of the company’s shares, which lost one-fifth of their value in few hours. EU Commission spokesman Stefan de…"EU says no final decision taken on ending Valneva COVID vaccine contract"
SEOUL – Standing tall in bright red hazmat suits, five North Korean health workers stride towards an ambulance to do battle with a COVID-19 outbreak that – in the presumed absence of vaccines – the country is using antibiotics and home remedies to treat. The isolated state is one of only two countries yet to begin a vaccination campaign and, until last week, had insisted it was COVID-free. Now it is mobilizing forces including the…"Lacking vaccines, N.Korea battles COVID with antibiotics, home remedies"
– Shanghai authorities on Monday provided their clearest timetable yet on lifting the city’s lockdown that has been in place for over six weeks, saying they plan to fully restore normal life from June 1. Draconian measures to stop the spread of COVID-19 in China’s largest city have generated widespread frustration and anger among its 25 million residents and contributed to a slowdown in the country’s economic activity. Most people have been forbidden to leave…"Factbox-Shanghai provides roadmap out of lockdown"
– Shanghai set out plans on Monday for the return of more normal life from June 1 and the end of a painful COVID-19 lockdown that has lasted more than six weeks and contributed to a sharp slowdown in China’s economic activity. DEATHS AND INFECTIONS * Eikon users, see COVID-19: MacroVitals for a case tracker and summary of news. EUROPE * Russia will promptly consider any request from North Korea for COVID-19 vaccine supplies, Kremlin…"Factbox-Latest on the worldwide spread of the coronavirus"
SHANGHAI/BEIJING – Shanghai set out plans on Monday for the return of more normal life from June 1 and the end of a painful COVID-19 lockdown that has lasted more than six weeks and contributed to a sharp slowdown in China’s economic activity. In the clearest timetable yet, Deputy Mayor Zong Ming said Shanghai’s reopening would be carried out in stages, with movement curbs largely to remain in place until May 21 to prevent a…"Shanghai targets June 1 return to normal as COVID lockdowns cool economy"