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Covid-19 Covid-19 & Ekonomi Dunia | Separuh penduduk dunia terjejas pendapatan

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German carmaker Volkswagen plans to cut up to 4,000 jobs at its plants in Germany by offering early or partial retirement to older employees. It's a move that could cost several hundred million dollars to German auto major.
 
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👉US National Debt to Exceed $78 Trillion in 2028 says New Report
 

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Pfizer, riding high on COVID-19 vaccine launch, pays CEO Bourla $21M for 2020
Mar 12, 2021 10:57am
AlbertBourla.jpg

Albert Bourla, Ph.D., became Pfizer's CEO in early 2019. (Pfizer)

Thanks to the success of its COVID-19 vaccine, the drug giant Pfizer has become a household name around the globe—and the company's eyeing $15 billion in sales from the shot this year.
For writing that 2020 success story, CEO Albert Bourla, Ph.D., collected a pay package worth more than $21 million.
Bourla, who took the reins as Pfizer's CEO in early 2019, scored $21.03 million in total 2020 pay, a proxy filing submitted Friday shows. Bourla's compensation package includes a salary of $1.65 million, cash incentive pay of $5.49 million and long-term incentive awards—in the form of Pfizer options that vest over time—of $14 million.
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For Pfizer—and the entire global economy—last year was defined by the COVID-19 pandemic. Thanks to its quick response and its vaccine partnership with BioNTech, the company now has a coronavirus vaccine very much in demand throughout the world.
The company quickly ushered its program through clinical testing last year, and in December the Pfizer/BioNTech shot scored the first FDA emergency use authorization for a COVID-19 vaccine.
RELATED: First-to-market Pfizer expects a whopping $15B from its COVID-19 shot in 2021
Now, the company is rolling out the shot in the U.S., Europe and elsewhere. Pfizer and BioNTech aim to produce 2 billion doses in 2021, and Pfizer has said it could see $15 billion—or more—in sales from the shot this year.
Aside from its work in COVID-19, Pfizer also completed its Upjohn spinoff last year. In July 2019, the company said it would combine the off-patent branded and generic established medicines business with generic giant Mylan. The deal closed last November, completing Pfizer's push to transition into a research-based drugmaker.
RELATED: Pfizer's big split is finally here, thanks to a giant generics merger with Mylan
Last year, during his first year as CEO, Bourla's pay totaled $19.7 million. As chief operating officer the prior year, he nabbed a $9.85 million compensation package.
Bourla's 2020 compensation comes in at about the middle of Big Pharma CEO pay packages reported so far. Johnson & Johnson's Alex Gorsky pulled in nearly $30 million, for instance, while Eli Lilly CEO David Ricks' pay package totaled $23.7 million. AstraZeneca CEO Pascal Soriot nabbed a $21.5 million compensation package.
Sanofi CEO Paul Hudson's pay came in at $13.6 million last year, while Novartis' Vas Narasimhan collected $11.6 million. GSK CEO Emma Walmsley's 2020 pay came in at around $9.7 million.
 

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Up to 150,000 Australians will lose their jobs in coming months after the JobKeeper wage subsidy ends. This latest treasury estimate comes just days before the government payments are cut off.
 

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A Housing Crash Is Ahead: Construction Shortages And High Interest Rates Will Bust Housing Bubble
 

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👉The Triple Whammy of Bonds,Stocks & Property Falling As Debt Bubbles Go Well Past The Tipping Point
 

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IMF sediakan AS650 bilion untuk pemulihan

WASHINGTON: Tabung Kewangan Antarabangsa (IMF) menyokong syor mengenai pengeluaran peruntukan baharu sebanyak AS$650 bilion (RM2.7 trilion) bagi menyokong pemulihan global daripada pandemik COVID-19, lapor Sputnik.

Pengarah Urusan IMF, Kristalina Georgieva, berkata beliau berhasrat mengemukakan cadangan rasmi berkaitan kepada Lembaga Eksekutif pada Jun ini.

"Syor ini adalah bagi mempertimbangkan peruntukan baharu AS$650 bilion (RM2.7 trilion) berdasarkan penilaian terhadap keperluan rizab global jangka panjang negara anggota IMF.

"Tindakan ini juga bersesuaian dengan Perkara Perjanjian dan mandat IMF," katanya dalam satu kenyataan semalam.

Tambah Georgieva, peruntukan AS$650 bilion (RM2.7 trilion) itu, jika lulus, akan memberi peningkatan kecairan yang besar kepada negara anggota tanpa menambah beban hutang selain dapat digunakan untuk menyokong program vaksinasi.

Lebih 124 juta kes COVID-19 dilaporkan di seluruh dunia sehingga kini dengan lebih 2.7 juta kematian manakala angka mereka yang sembuh meningkat melebihi 100 juta orang, sejak wabak itu mula dikesan pada akhir 2019. - BERNAMA
 

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The pandemic has left many of Brazil's poorest citizens relying on food handouts to survive. A survey found more than 80 percent of people living in slums depend on donations to feed their families. In January, the government suspended emergency aid - just as rising numbers of coronavirus infections forced new lockdowns.
 

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The French government has reached the outline of a deal with the European Commission on a state-backed refinancing package to help strengthen Air France-KLM’s balance sheet.
 
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