ECB leaves monetary stimulus unchanged in spite of inflation pressures
June 10, 2021
The European Central Bank (ECB) is expected to hold interest rates at low record and to leave its emergency monetary stimulus plan unchanged on Thursday.
This happened in spite of the signs of post-pandemic economic recovery taking shape and a jump inflation.
However, many analysts see ECB chief Christine Lagarde as signalling at her press conference later on Thursday that the bank planned to start considering winding back its 1.85-trillion-euro (2.25-trillion-dollar) Pandemic Emergency Purchase Programme (PEPP).
This week’s ECB meeting also comes ahead of a weekend summit of Group of Seven (G7) leaders in Britain where the world’s richest nations also plan to talk about global efforts to shore up the post-coronavirus crisis economic recovery as well as steps to avoid future pandemics.
New economic growth and inflation projections would be unveiled by Lagarde during the news conference, she would be expected to confirm that the 19-member eurozone economy would steam ahead this year as Coronavirus vaccinations increase and new infections drop.
Originally introduced in March 2020 as the pandemic engulfed the eurozone, the PEPP was aimed at shoring up the currency bloc’s economy in the face of one of the worst crises in a generation as well as heading off the threat of meagre inflation rates.
The data released this week showed annual eurozone inflation hitting a two-and-half-year high of 2 per cent in May, overshooting the bank’s annual inflation target of just below 2 per cent.
The sharp increase in inflation was likely to force the ECB to lift its short-term projections for inflation, which former ECB chief Jean-Claude Trichet once described as the needle in the bank’s compass.
Magnitude 5.8 earthquake hits Greek island of Crete
By Gistflash News
Sept 27, 2021
A magnitude 5.8 strong quake hit Greece’s Crete island on Monday, according to the Geodynamics Institute of the National Observatory of Athens.
The tremor’s epicentre was located at a depth of 10 km, some 25 km south of the city of Heraklion, the capital of Crete island, while aftershocks up to 4.3 magnitude have followed, according to Greek scientists.
Material damage has been reported, with no injuries until now, local officials told Greek national news agency AMNA.
Earlier, the Euro Mediterranean Seismological Centre put the quake’s magnitude at 6.2, which was later revised to 6.0.
WHO investigators seeking COVID-19 origin going back to China
By Gistflash News
Sept 27, 2021
The World Health Organisation (WHO) is launching a new investigation into the origins of COVID-19, months after an earlier probe ended without drawing firm conclusions, according to a report published.
WHO was putting together a team of some 20 scientists, who will be charged with finding new evidence in China and other locales, the Wall Street Journal reported.
The group will examine whether the virus emerged from a laboratory, a theory that has been angrily rejected by China.
In December 2020, WHO investigators began visits to Wuhan, China, where the first known outbreak of the virus took place.
But their March 2021 report said they had gotten insufficient information from Chinese scientists to answer key questions about COVID-19’s origin.
In August, U.S. intelligence agencies issued a separate report saying they also could not make firm conclusions about COVID-19’s origins.
Florida Gov. appoints Nigerian-American, Joseph Ladapo Surgeon-General
By Gistflash News
Sept 25, 2021
Ron DeSantis, Florida Governor, U.S. has appointed a Nigerian-American, Dr Joseph Ladapo, as Florida Surgeon-General and Secretary of the Department of Health.
DeSantis in a statement posted on the Florida Department of Health website, stated that he was pleased to announce Ladapo for the position.
“I am pleased to announce that Ladapo will lead the Florida department of health as our state’s next surgeon-general
“Ladapo comes to us by way of the David Geffen School of Medicine at UCLA, with a superb background.”
According to him, Ladapo has had both a remarkable academic and medical career with a strong emphasis in health policy research.
The governor said: ” Ladapo will bring great leadership to the department of health, ” thanking both Dr Scott Rivkees and Dr Shamarial Roberson for their hard work on behalf of all Floridians.
Lieutenant-Governor, Jeanette Nuñez described Ladapo’s as, “an excellent choice to serve as our next surgeon general.
“Ladapo has impeccable credentials and a strong vision to effectively serve the people of Florida at the helm of our public health agency.
“Through his service to our state, we will continue Florida’s work to advance our public health goals,” Nuñez said.
Ladapo said he is honored to have been chosen by DeSantis to serve as Florida’s next surgeon-general.
“We must make health policy decisions rooted in data and not in fear.
“From California, I have observed the different approaches taken by governors across the country and I have been impressed by DeSantis’ leadership and determination,” he said.
The new surgeon-general said he was impressed by DeSantis’ leadership to ensure that Floridians were afforded all opportunities to maintain their health and wellness, while preserving their freedoms as Americans.
“It is a privilege to join his team and serve the people of Florida,” he said.
Ladapo was recently granted a professorship at the University of Florida (UF) College of Medicine.
Prior to joining UF, he served as an associate professor at the David Geffen School of Medicine at the University of California, Los Angeles (UCLA),caring for hospitalised patients.
He is a graduate of Wake Forest University, who also holds an MD from Harvard Medical School and a PhD in Health Policy from Harvard Graduate School of Arts and Sciences.
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