Connect with us

Foreign News

Firms That Used Public Funds Should Share Vaccine patents – Polish PM

Published

on

Share

Pharmaceutical companies that used public funds to develop their COVID-19 vaccines should share their patents with firms that would be able to instantly launch vaccine production.

Polish Prime Minister Mateusz Morawiecki wrote on Friday.

“Money that we jointly spent on that goal went to scientists and pharmaceutical firms.

“And now it appears that they fall behind with production or that vaccines are sent outside the EU from European production plants,’’ Morawiecki wrote in a social media post.

“The health and life of our citizens is too important to sacrifice it for the sake of a better financial result for several firms,’’ he said.

Morawiecki said he submitted a proposal on patent-sharing during Thursday’s EU summit.

Poland’s government spokesperson Piotr Mueller clarified that pharmaceutical firms would be compensated for such patent transfers.

In late January, European Council President Charles Michel threatened pharmaceutical companies with action by the bloc’s executive if delays in vaccine deliveries persisted.

Article 122 of the EU treaty allows for emergency measures to be taken “if severe difficulties arise in the supply of certain products.’’

According to an EU official, EU countries could give the European Commission authority to decide on exceptional measures.

The commission could, for example, issue compulsory licenses to some companies, allowing for other producers to produce a vaccine. (dpa/NAN)

Foreign News

Fire at Nursing Home in Chile Kills 16

Published

on

Share

A fire at a nursing home in Chile has killed 16 people, authorities said Saturday.

The blaze began on Friday night at the nursing home in the Araucania region, 640 kilometers (400 miles) south of the capital Santiago, and was extinguished in the early hours of Saturday.

Images shared on social media showed massive flames rising above the building in the darkness.

“We express our sorrow and dismay at the deaths of 16 elderly people in this tragedy,” authorities in the municipality of Pitrufquen said in a statement.

A total of 26 elderly residents were in the nursing home.

Ten of them survived and were taken to the local hospital, the statement said.

Local mayor Jacqueline Romero said that municipal health and public safety teams, firefighters and police were deployed in response to the blaze.

“It is a situation that fills our souls with great sorrow and pain. We have been… providing support to the families,” she said.

The cause of the fire remained unclear.

“We are currently carrying out investigative procedures, including examining the scene and conducting inquiries, to determine the origin and cause of the fire, as well as to rule out third-party involvement,” Jorge Granada, the prosecutor assigned to the case, told local media.

Continue Reading

Foreign News

Oil Hits $100 Per Barrel for First Time Since JULY after US, Houthi Strikes

Published

on

Share

Oil prices rose past $100 (£74) a barrel on Wednesday after further strikes in the conflict between the US and Iran and continuing Houthi attacks in Saudi Arabia.

In back and forth attacks, the US hit five Iranian tankers in reprisal strikes after Tehran targeted one of its warships.

Brent crude – which is the global benchmark for prices – has not been as expensive since the end of July, when a ceasefire between Iran and the US collapsed.

Yemen’s Iran-backed Houthi movement also attacked oil facilities in Saudi Arabia on Tuesday and have been targeting tankers in the Red Sea.

Brent crude did dip back down to $99.90 a barrel, but any fresh flare-ups in the Middle East could see it pushed higher again.

Tit-for-tat strikes between Iran and the US have escalated in the past week, more than six months after conflict broke out when the US and Israel launched attacks on Iran on 28 February.

Oil prices have fluctuated wildly since the war began, and pressure on the industry has been exacerbated by wider regional instability.

Before the conflict Brent crude had been priced at about $70 (£52) a barrel.

But the war has seen the effective closure of the Strait of Hormuz, which carries 20% of the world’s oil and liquefied natural gas (LNG).

The rising costs have sparked huge price leaps in petrol around the world for motorists at the pumps.

The US strikes on the five Iranian tankers saw four in the Gulf of Oman linked to Iran’s Revolutionary Guards Corps (IRGC) hit as well as another near Kharg Island.

Tehran responded by launching missiles at a US base in Jordan – most of which were shot down – and said it attacked two US vessels and eight oil tankers in the Strait of Hormuz.

The Houthis and Saudi Arabia have also been exchanging strikes since July after their own informal ceasefire unravelled.

On Monday the Houthis accused Saudi Arabia of bombing a prison in al-Hazm and killing 11 people.

Then on Tuesday the Saudi authorities said Houthis had struck civilian and economic sites in the cities of Abha, Khamis Mushait, Jazan and Najran.

The latest round of escalation comes after Iran targeted a US warship with ballistic missiles, which Centcom said were “successfully evaded”. It added that no American troops were harmed during the attacks.

In response, the US said that the five Iranian oil tankers it targeted were “part of a multi-billion-dollar shadow network that funds the IRGC and its regional proxies”.

One of the ships it had struck, the M/T Riesco, sunk in the Gulf of Oman, Centcom later said, posting a video on X of the damaged vessel.

Kharg Island – where one Iranian tanker was attacked in the latest round of US strikes – hosts Iran’s main terminal for exporting oil.

Some 90% of the country’s crude oil passes through the island in the Gulf, transported through pipes from the mainland.

Also on Tuesday, Yemen’s Iran-backed Houthi movement attacked energy facilities and civilian infrastructure in Saudi Arabia, injuring 73 people, according to Saudi authorities.

The drone and missile attack caused fires at oil facilities and installations that led to a temporary halt in operations, Saudi Arabia’s military and energy ministry said.

When asked by reporters about the latest tit-for-tat strikes between the US and Iran, US Secretary of State Marco Rubio on Tuesday said the situation was “pretty straightforward”.

“Iran continues to try to hit US naval ships. And, for every time they do that or try to do that, they’re going to lose tankers. And I think you’ll see that again today,” Rubio told reporters during a trip in Colombia.

The US strikes on Tuesday came hours after Iran’s Navy claimed it had seized an uncrewed US submarine in the Strait of Hormuz.

US Navy Capt Tim Hawkins, a spokesperson for Centcom, said that the “underwater drone operated by US forces malfunctioned more than a day ago” and was used to survey regional waters “in support of ongoing operations”.

The defective drone was “an older model that neither collected sensitive data nor carried any classified sonar or radar equipment”, he said, adding that US operations in regional waters were ongoing.

Continue Reading

Foreign News

Mexican President Urges the U.S. to Help Fight Drug Trafficking

Published

on

Share

The United States must do its part in the fight against drug trafficking, Mexican President Claudia Sheinbaum said, following recent revelations of corruption at the U.S. Drug Enforcement Administration.

“We insist that they have a very important part to play over there and they shouldn’t just keep pointing the finger at Mexico,” Sheinbaum said at a press conference in the National Palace.

She said Mexico has succeeded in slashing the flow of fentanyl into the United States by more than 70 per cent, a figure acknowledged by U.

S. authorities.

She added that the United States is also where the distribution of drugs and money laundering take place on a massive scale due to the high rate of drug consumption.

Sheinbaum also noted that Sara Carter, director of the U.S. Office of National Drug Control Policy, has acknowledged that drug abuse in the United States is a public health issue.

In May, Carter’s office released a document in which the U.S. federal government acknowledges the need for a national public health policy to address drug addiction.

Earlier this year, Carter visited Mexico and expressed interest in the Mexican government’s initiatives aiming to tackle the root causes of violence and prevent drug use.

Continue Reading

Advertisement

Top Stories

NEWS3 hours ago

DAILY ASSET Loses Deputy Editor-in-Chief, Danusa Ocholi

ShareBy David Torough, Abuja The Management of Asset Newspapers Limited, Publishers of DAILY ASSET, has announced the passage of the...

NEWS3 hours ago

Fidelity Bank Deepens Partnership with DAILY ASSET

ShareBy David Torough, Abuja Fidelity Bank Plc has reaffirmed its commitment to strengthening its partnership with DAILY ASSET Newspaper following...

NEWS3 hours ago

Niger 37: Bago Vows Full Probe as NSCDC Detains 24 Personnel

ShareFrom Dan Amasingha, Minna Niger State Governor, Umaru Bago, has vowed to uncover the circumstances surrounding the deaths of 37...

NEWS3 hours ago

Cheaper Crude: APC-PCC Demands Answers from Atiku

ShareBy David Torough, Abuja The All Progressives Congress Presidential Campaign Council (APC-PCC) has challenged former Vice President and African Democratic...

NEWS2 days ago

NPERA Deepens Transparency, Accountability in Port Sector

ShareBy David Torough, Abuja The Nigerian Ports Economic Regulatory Agency (NPERA), has reiterated its commitment to transparency, accountability and responsible...

DEFENCE2 days ago

Troops Rescue Wounded Civilians, Recover 117 Cows, Stolen Vehicle in Zamfara

ShareBy David Torough, Abuja Troops of Sector 2, Operation FANSAN YAMMA, have recorded a series of operational successes in Zamfara...

POLITICS3 days ago

Minister Warns Envoys against Unguarded Comments Ahead 2027 Elections

ShareThe Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, has warned foreign diplomatic missions against making unguarded comments, disparaging remarks or...

POLITICS3 days ago

Shettima Holds Northern Governors in High Regard, Aide Clarifies

ShareSenior Special Assistant to the President on Media and Communications, Stanley Nkwocha, said Vice President Kashim Shettima holds northern governors...

BUSINESS3 days ago

World Bank Mobilises $112bn Private Capital in FY26

ShareThe World Bank Group said it mobilised a record 112 billion dollars in private capital in fiscal year (FY) 2026,...

POLITICS3 days ago

Oluremi Welcomes FOPSHAN’s Endorsement of Tinubu for Second Term ‎

ShareThe First Lady, Sen. Oluremi Tinubu on Thursday in Abuja, welcomed the endorsement of the President for a second term...