International

Brazil green-lights Pfizer vaccine for kids 12 and up

AFP/Editor

Brazil’s health regulator approved the Pfizer Covid-19 vaccine Friday for use in children aged 12 and up, though they will likely have to wait months in line for older age groups to be vaccinated first.

Hit hard by the pandemic, Brazil joins countries including the United States, Uruguay and Chile in extending vaccination to minors.

However, supply issues mean the move is mainly symbolic for now.

Brazil’s Covid-19 vaccination drive, which began in January, has been hit by shortages and delays.

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Around 11 percent of the country’s 212 million people have been fully vaccinated so far.

Cities such as Sao Paulo and Rio de Janeiro have only recently finished vaccinating priority groups such as health workers and the elderly.

They are now vaccinating the general population in descending order by age, and are currently immunizing people in their 50s.

The health regulator, Anvisa, said the approval was based on studies by Pfizer that “indicated the vaccine’s safety and effectiveness for this age group.”

In addition to the US pharmaceutical giant’s vaccine, developed with German firm BioNTech, Brazil is currently using the Oxford/AstraZeneca vaccine and Chinese-developed CoronaVac.

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Regulators have also approved the Johnson & Johnson vaccine, but the government has not yet reached a deal to purchase it.

Brazil has struggled to source enough vaccine doses.

Far-right President Jair Bolsonaro faces criticism for refusing offers of vaccines last year, including from Pfizer, and instead pushing the ineffective medication chloroquine against Covid-19.

The pandemic has claimed more than 480,000 lives in Brazil, second only to the United States.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.