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G7 ministers meet to discuss how to reduce the risk of a new pandemic

G7 health ministers meet today at Oxford University in the United Kingdom for talks focused on improving the early detection of animal-borne diseases and expanding poorer nations’ access to COVID-19 vaccines. G7 ministers
The meeting lasts for two days, and ministers from the UK, Canada, France, Germany, Italy, Japan and the United States will pledge at the meeting to “combat future health threats by working together to identify early warning signs from animals and the environment, according to the British government statement.
They will agree on a “new international approach” to prevent diseases spreading, since three-fifths of all infections jump from animals to humans.
“Globally we are only as strong as the weakest link in the health security chain. No one is safe until everyone is safe,” said Matt Hancock, the British health and social care secretary on Wednesday.
“We need to make better use of advances in our ability to collect, analyse, and share health data from all aspects of life, enabling faster collaboration to respond to health security threats and stop diseases in their tracks.”
Thursday’s meeting at the University of Oxford, where the Oxford-AstraZeneca COVID-19 vaccine was developed, comes as the world’s wealthiest countries face pressure to do more to help vaccines reach poorer countries that do not have enough stocks.
British Foreign Secretary Dominic Raab has said equitable access to COVID-19 vaccines will be at the top of the agenda when the UK hosts leaders of the G7 in Cornwall on June 11-13.
The G7 has already committed to supporting the COVAX global vaccine sharing programme, and Hancock said that over half a billion doses of the Oxford-AstraZeneca vaccine had been released for supply globally, mostly to “low- and middle-income countries”.
But calls are mounting for wealthier countries to share more. At a meeting of G7 finance ministers in London on Friday, the International Monetary Fund, the World Health Organization and the World Trade Organization will present a global vaccine access plan that is expected to cost $50bn. This is far less than the enormous stimulus programmes rolled out by rich nations, including the latest $1.9 trillion US package approved in March.
Charities also say the G7 could do more by supporting a temporary waiver on the intellectual property rights of pharmaceutical firms.
“G7 leaders must take this moment to stand on the right side of history by putting their full support behind the vaccine patent waiver,” said Anna Marriott, Oxfam’s Health Policy Manager.
“The G7 may be getting the vaccines they need but too much of the world is not and people are paying for patent protection with their lives.”
US President Joe Biden has backed calls from many developing countries for the waiver, in the hope this would boost production and allow more equitable distribution but the UK and some European countries have expressed reservations.
The UK has said technology transfers with not-for-profit pricing, a model AstraZeneca has used, can achieve many of the same aims as a patent waiver without discouraging research. G7 ministers
Source: Al Jazeera
Image Source : Jacob King/Pool via Reuters- Al Jazeera
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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