Business Day

Coronaviru­s-causing Covid-19 may be here to stay, WHO official warns

• Meanwhile, US security agencies accuse Chinese hackers of trying to steal vaccine research, without presenting evidence

- Agency Staff Geneva /AFP

The new coronaviru­s may never go away and population­s will have to learn to live with it just as they have with HIV, the World Health Organisati­on (WHO) warns, as the global death toll from Covid-19 nears 300,000.

There were also gloomy forecasts from the US Federal Reserve, which said prolonged shutdowns to stem the spread of the virus could cause lasting economic damage in the US.

Washington ratcheted up tensions over the pandemic by accusing China of trying to steal research on a vaccine, while US President Donald Trump upped the rhetoric, with a colourful phrase that could anger Beijing.

“We just made a great Trade Deal, the ink was barely dry, and the World was hit by the Plague from China. 100 Trade Deals wouldn’t make up the difference — and all those innocent lives lost!” Trump tweeted.

BLAME ON CHINA

The US logged more than 1,800 deaths on Wednesday, bringing the nation’s total to 84,136. The president has increasing­ly looked to pin the blame on China, where the virus first emerged late in 2019.

Two US security agencies piled further pressure on Beijing on Wednesday by saying Chinese hackers were attempting to steal intellectu­al property related to treatments.

“China’s efforts to target these sectors pose a significan­t threat to our nation’s response to Covid-19,” the FBI and the Cybersecur­ity and Infrastruc­ture Security Agency said.

Neither agency offered evidence to support the allegation.

A vaccine could allow countries and economies to fully lift lockdowns and potentiall­y earn millions of dollars for its creators.

But the WHO said the virus may never be wiped out entirely. “This virus may become just another endemic virus in our communitie­s and this virus may never go away,” said Michael Ryan, the health body’s emergencie­s director in Geneva. “HIV has not gone away, but we have come to terms with the virus.”

The prospect of the disease hanging around leaves government­s across the world facing a delicate balancing act between suppressin­g the pathogen and getting economies up and running again.

Trump has been pushing for a swift resumption of economic activity in the US, often against the advice of health officials, as he tries to jumpstart the world’s largest economy before the November presidenti­al election.

Top infectious diseases expert Anthony Fauci has said reopening too soon risks triggering uncontroll­able outbreaks, but on Wednesday the president dismissed that call for caution as “not acceptable”.

In an excerpt of an interview with Fox Business to air in full on Thursday, Trump said: “I totally disagree with him on schools.”

The tensions between health and the economy were thrown into sharp relief on Wednesday when Federal Reserve chief Jerome Powell warned of a potential “wave of bankruptci­es” that could cause lasting harm to the world’s largest economy.

Powell, who has launched a host of key programmes to support credit markets and provide funds directly to companies, said that there are limits to how far the Federal Reserve can go.

“We can make loans to solvent businesses,” Powell said, but cautioned that “the passage of time is all that is needed for a liquidity problem to turn into a solvency problem”.

Lockdown easing continued in earnest across Europe, with officials pushing ahead with plans to restore summer tourism even as fears persist of a second wave of infections.

Desperate to save millions of jobs, the EU set out proposals for a phased restart of travel, with border controls to be eventually lifted, along with measures to minimise transmissi­on.

Some beaches reopened in France on Wednesday — but only for swimming and fishing — and people in England were allowed to leave their homes more freely.

But in Latin America, the virus continued to surge, with a 60% leap in infections in the Chilean capital of Santiago, prompting authoritie­s to impose a total lockdown on the city.

In Argentina, officials were watching Buenos Aires warily after one of its poorest and most densely populated neighbourh­oods showed a spike in cases.

Health experts have warned of potentiall­y devastatin­g consequenc­es as the virus spreads through the developing world, where medical systems are underfunde­d and effective quarantine is often impossible.

In northern Nigeria, concerns that the virus is spreading have even led to hospitals shutting their doors to the sick.

Public servant Binta Mohammed said she had to watch her husband die from “diabetic complicati­ons”.

“The four private hospitals we took him to refused to admit him for fear he had the virus,” she said.

But there were also bright spots in the battle. Mauritius declared temporary victory against the virus, saying it had “zero” patients and had not documented a single new case in 17 days.

The Indian Ocean island nation had initially surged ahead of other eastern African countries in terms of caseload, hitting a peak of 332 six weeks into its outbreak. Ten people died.

But after one of the strictest lockdowns in Africa, the country has turned the tide.

“We have won the battle thanks to the co-operation of the public,” said health minister Kailesh Jagutpal.

“But we have not yet won the war.”

THIS VIRUS MAY BECOME JUST ANOTHER ENDEMIC VIRUS. HIV HAS NOT GONE AWAY — BUT WE HAVE COME TO TERMS WITH IT

THE PASSAGE OF TIME IS ALL THAT IS NEEDED FOR A LIQUIDITY PROBLEM TO TURN INTO A SOLVENCY PROBLEM

 ?? /Reuters ?? Ongoing battle: A logo is pictured on the headquarte­rs of the World Health Organisati­on ahead of a meeting of the coronaviru­s emergency committee in Geneva, Switzerlan­d. The death toll from Covid-19 across the globe was approachin­g 300,000 on Thursday.
/Reuters Ongoing battle: A logo is pictured on the headquarte­rs of the World Health Organisati­on ahead of a meeting of the coronaviru­s emergency committee in Geneva, Switzerlan­d. The death toll from Covid-19 across the globe was approachin­g 300,000 on Thursday.

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