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World leaders pledge $8 billion for Covid-19 vaccine but US stays away

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BRUSSELS: World leaders and organisations pledged $8 billion to research, manufacture and distribute a possible vaccine and treatments for COVID-19 on Monday, but the United States refused to contribute to the global effort.

Organisers included the European Union and non-EU countries Britain, Norway and Saudi Arabia. Leaders from Japan, Canada, South Africa and dozens of other countries joined the virtual event, while China, where the virus is believed to have originated, was only represented by its ambassador to the European Union.

Governments aim to continue raising funds for several weeks or months, building on efforts by the World Bank, the Bill and Melinda Gates Foundation and wealthy individuals, and turn the page on the fractious

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The economy is recovering, says President during meeting with professionals
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