Fears for pensions as Philip Green's Arcadia faces collapseMembers could lose a tenth of their payout as the Topshop owner prepares to call in administrators after coronavirus shutdowns
Serum Institute of India (SII), the world's largest vaccine producer, is in active discussions with the Indian government on pricing and distribution of potential COVID-19 vaccines, said its Chief Executive Adar Poonawalla on Saturday. His comments come following Indian Prime Minister Narendra Modi's visit to the Serum Institute of India's sprawling campus in the western city of Pune. Serum Institute, the world's largest vaccine manufacturer, has partnered with global players including AstraZeneca and Novavax Inc to run domestic trials on their vaccine candidates and produce the vaccines if they secure approvals.
Bank of England Chief Economist Andy Haldane said inflation could rise by more than expected as progress on COVID-19 vaccines and huge amounts of stimulus raised the chances of a swift economic bounce-back. "As the economic recovery gathers pace next year, it will be important central banks remain squarely focussed on their core medium-term price stability mandates," Haldane said in a speech to a University College London webinar on Saturday. Haldane has consistently sounded more upbeat than his fellow interest-rate setters about the prospects for an economic recovery in Britain after the record 25% slump triggered by the first coronavirus lockdown in the spring.