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Time of India
4 days ago
- Health
- Time of India
Superbugs could kill millions and trigger $2 trillion economic meltdown by 2050
A recent study highlights an impending global catastrophe: antimicrobial resistance threatens to claim millions of lives. By 2050, the global economy could suffer losses amounting to trillions of dollars. Major economies, including the US, UK, and China, are at risk of severe financial repercussions. Experts emphasize the urgent need for investments in innovative antibiotics and enhanced infection control measures. MRSA bacteria in a petri dish. The US, UK and EU economies are on course to be among those hardest hit by antimicrobial resistance. Photograph: Fabrizio Bensch/Reuters Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads By 2050, if the increase in antimicrobial resistance AMR ) is not stopped, superbugs could kill millions more people and cost the world economy around $2 trillion annually, according to new Centre for Global Development, a report supported by the UK government, cautions that rising AMR rates might deplete global GDP by $1.7 trillion a year over the next 25 read: Untreatable fungal infections are now killing nearly 3.8 mn each year, WHO experts sound alarm Economies such as the US, UK, and EU are projected to suffer some of the heaviest financial blows, leading critics to slam recent cuts to foreign aid budgets as short-sighted and harmful. Fleming Fund , aimed at AMR combatThese concerns follow the UK's recent decision to scrap funding for the Fleming Fund, a programme dedicated to combating AMR in lower-income nations. Similar aid reductions have been made by the US, which slashed its overseas aid by 80%, and various European to the study's worst-case scenarios, Anthony McDonnell, the principal author, cautioned that these aid cuts could hasten resistance rates worldwide. Even nations that are now efficiently handling the threat run the danger of seeing rising infection rates and death tolls in the absence of specialised AMR modelling, which examined the economic and health burden of AMR across 122 nations, forecasts stark worst-case scenario is that by 2050, China's yearly GDP losses might amount to $722 billion, the US $295.7 billion, the EU $187 billion, Japan $65.7 billion, and the UK $58.6 read: AI stuns scientists : Superbug mystery solved in 48 hours after decade long research According to data from the Institute for Health Metrics and Evaluation (IHME), the number of deaths from AMR is expected to increase by 60% by 2050, reaching 1.34 million deaths in the US and 184,000 in the UK a sharp increase in drug-resistant bacterial infections is anticipated, which will result in more hospital stays, longer treatment durations, and higher medical cost of treating these infections is already around double that of treating non-resistant the health costs of AMR could rise to $176 billion a year. The UK's annual health bill could surge from $900 million to $3.7 billion, and the US from $15.5 billion to nearly $57 knock-on effect would shrink workforces too: 0.8% in the UK, 0.6% in the EU, and 0.4% in the US. However, the study suggests that investing in solutions, such as developing new antibiotics and improving infection treatment, could deliver substantial economic 2050, the US economy could grow by $156.2 billion annually and the UK by $12 billion if action is Dr. Mohsen Naghavi emphasised that AMR is becoming a bigger threat. Once-treatable illnesses could turn deadly in the absence of immediate, concerted read: Fighting superbugs: New paper-based platform enables rapid antibiotic-resistance screening Policy reforms, the creation of novel medications, and increased public knowledge of the limitations of antibiotics in treating viral infections are all necessary for solutions.A representative representing the UK government reiterated their dedication to combating AMR by developing vaccines, reducing the use of antibiotics in agriculture, and supporting novel treatments. According to the administration, it is still working with other countries to stop the development of antibiotic resistance.
The Standard
15-07-2025
- Sport
- The Standard
Olympics-Russia's luge federation to appeal 2026 Games ban
2022 Beijing Olympics - Closing Ceremony - National Stadium, Beijing, China - February 20, 2022. The 2026 Milano Cortina Winter Olympics logo is displayed during the closing ceremony. REUTERS/Fabrizio Bensch/File Photo
The Star
15-07-2025
- Sport
- The Star
Olympics-Russia's luge federation to appeal 2026 Games ban
2022 Beijing Olympics - Closing Ceremony - National Stadium, Beijing, China - February 20, 2022. The 2026 Milano Cortina Winter Olympics logo is displayed during the closing ceremony. REUTERS/Fabrizio Bensch (Reuters) -The Russian Luge Federation (FSSR) said it will take legal action over a decision by the sport's global governing body to bar the country's athletes from the qualifying process for the 2026 Milano-Cortina Winter Olympics. The International Luge Federation (FIL) voted at its congress in Tampere, Finland last month to extend an existing exclusion for Russian athletes from its competitions. It also voted to not authorise a programme for neutral Russian athletes. The FSSR said in a statement on Monday it had notified the governing body of its intention to challenge the decision in international courts. The FSSR told Russian news agency TASS it would appeal to the Court of Arbitration for Sport. "We will defend the rights of our athletes to participate in the Olympic Games 2026," FSSR President Natalia Gart said. The FIL did not immediately respond to an emailed request for comment. The International Olympic Committee said in May that Russian teams remained banned from next year's Games as part of sanctions following the 2022 Russian invasion of Ukraine. Four Russian figure skaters in men's and women's singles have been approved by the International Skating Union to try to qualify for the 2026 Olympics as neutral athletes. (Reporting by Aadi Nair in Bengaluru; Editing by Peter Rutherford)
Straits Times
15-07-2025
- Business
- Straits Times
Russia's luge federation to appeal 2026 Games ban
Find out what's new on ST website and app. 2022 Beijing Olympics - Closing Ceremony - National Stadium, Beijing, China - February 20, 2022. The 2026 Milano Cortina Winter Olympics logo is displayed during the closing ceremony. REUTERS/Fabrizio Bensch The Russian Luge Federation (FSSR) said it will take legal action over a decision by the sport's global governing body to bar the country's athletes from the qualifying process for the 2026 Milano-Cortina Winter Olympics. The International Luge Federation (FIL) voted at its congress in Tampere, Finland last month to extend an existing exclusion for Russian athletes from its competitions. It also voted to not authorise a programme for neutral Russian athletes. The FSSR said in a statement on Monday it had notified the governing body of its intention to challenge the decision in international courts. The FSSR told Russian news agency TASS it would appeal to the Court of Arbitration for Sport. "We will defend the rights of our athletes to participate in the Olympic Games 2026," FSSR President Natalia Gart said. The FIL did not immediately respond to an emailed request for comment. The International Olympic Committee said in May that Russian teams remained banned from next year's Games as part of sanctions following the 2022 Russian invasion of Ukraine. Four Russian figure skaters in men's and women's singles have been approved by the International Skating Union to try to qualify for the 2026 Olympics as neutral athletes. REUTERS Top stories Swipe. Select. Stay informed. Singapore $3b money laundering case: MinLaw acts against 4 law firms, 1 lawyer over seized properties Singapore Air India crash: SIA, Scoot find no issues with Boeing 787 fuel switches after precautionary checks Opinion What we can do to fight the insidious threat of 'zombie vapes' Singapore $230,000 in fines issued after MOM checks safety at over 500 workplaces from April to June Business 'Some cannot source outside China': S'pore firms' challenges and support needed amid US tariffs Opinion Sumiko at 61: Everything goes south when you age, changing your face from a triangle to a rectangle Multimedia From local to global: What made top news in Singapore over the last 180 years? Singapore 'Nobody deserves to be alone': Why Mummy and Acha have fostered over 20 children in the past 22 years
The Star
08-07-2025
- Business
- The Star
UK firms lose taste for US investment, Deloitte survey
The U.S. flag flutters on a building as people make their way through the streets of Manhattan during a work day in New York, U.S., January 23, 2025. REUTERS/Fabrizio Bensch/File Photo LONDON: The attractiveness of the United States as an investment destination has plunged in the eyes of British business executives who now see opportunities closer to home, a survey shows. Deloitte's survey of chief financial officers at major British firms showed a net balance of plus 2% of respondents saw the United States as an attractive place to invest, down from plus 59% in late 2024, shortly before President Donald Trump took office. The report tallied with official US data last month that showed inward foreign direct investment fell sharply in early 2025, a drop that coincided with high business uncertainty over Trump's tariff plans. By contrast, Deloitte said British company executives warmed to their own market, with the balance for the United Kingdom rising to plus 13% from minus 12%, ranking top with India for investment attractiveness. The United States remained more attractive than the rest of developed Europe or China, both of which had negative readings in Deloitte's survey. 'These results reveal a shift in sentiment with the United Kingdom now viewed as a leading global investment destination,' said Richard Houston, senior partner and chief executive of Deloitte UK. 'This renewed confidence, coupled with a rise in risk appetite, is welcome and underscores the considerable investment potential the United Kingdom offers.' In 2023, Britain was the fourth-biggest direct investor into the United States by ultimate beneficial owner, with a position of US$636bil, according to official US data. The Deloitte survey showed British executives reported an uptick in business confidence compared with the previous survey published in April. While still subdued, the optimism index ticked up to minus 11% from minus 14% in the previous quarter. British business surveys generally point to weak economic growth, a problem for Finance Minister Rachel Reeves, who is likely to raise taxes again at the next budget, according to market expectations. Deloitte polled 66 chief financial officers and executives between June 16 and June 29, including 37 listed companies with a combined market value of £386bil. — Reuters
