pressure all around, but the fact is, and the bottom line is the stock has been seen as under performing as far as tech stocks go in recent years, and not too long ago the company announced a plan to double its revenues by 2023 to grow its user base, but it has a lot of work ahead of it to reach those goals. and so dorsey announcing it was time to step down in a long time employee, the company part aguero wall, who was serving as a chief technology officer's. now going to take over a seo ah, it says edges here. let's get around up at the top stories, the wealth household zation is warning. the newest covered 19 very, and poses a very high risk of a search in infections on the cron was 1st detected in southern africa last week. us president joe biden, one place any new restrictions to contain. the vars. this period is

a cause for concern, not a cause for panic. we have the best vaccine in the world, the best medicines, the best scientists, and we're learning more every single day, if needed. my team is already working with officials at pfizer, amber dern, and johnson and johnson, to develop contingency plans for vaccines or boosters if needed. a biden has also helped talk with ceos of several major retailers to talk about how best to tackle the nation supply chain problems. the federal reserve jazz warned the army kron variance could slow the recovery of the u. s. economy and add to inflation worries . iran says it's optimistic after the 1st day of talks in vienna, ange salvaging the 2015 nuclear view representatives from russia, china, germany, france, and the u. k. met with iranian officials. the u. s. is there, but only holding talks indirectly to ron one sanction lifted in return for limits

on its nuclear program. the trial of british socialized julaine maxwell has begun in new york 59 year old is accused of enabling the crimes of convicted p to file jeffrey epstein. she denies any won't doing the car be an island nation of barbados, will become a republic on tuesday when it cuts ties with the british monarchy. barbados gaines, independence from britain in 1900. 66 were retained to queen elizabeth as its head of state. the country will remain a member of the commonwealth group of nations. several towns in nor the spain had been flooded after 2 rivers burst. their banks, rivers spilled over following heavy rain and snow broad by storm. i went across the weekend in a city a bill bow. dozens of cars were submerged in flood water bows. all the headlines were back in half an hour right now on al jazeera. it's inside story. ah,

ah ah, the race to contain a new code with 1900 variance countries are closing their borders, re imposing travel restrictions and warranty measures a clear sign the pandemic is far from over. but are governments for parents to deal would be ever changing the virus? this is inside story. ah, ah hello and welcome to the program. i'm daddy navigator. so just as countries around the world, we're starting to reopen their borders and lift cobra, 1900 restrictions. a new variance is now threatening to derail the progress of the

past few months. several nations have already imposed travel restrictions to and from southern africa. that's where the latest variance was 1st detected, the world health organization says it poses a high global risk. so governments have been put on notice, be prepared, little is known about the new strain, but there are fears. it may be highly infectious and more resistant to vaccines. more than 2 years since we started the plan to make it shows no signs of ending health officials or urging nations to speed up their vaccination drives. we'll bring in our guests in just a moment, but 1st here is more from the head of the w h. ho, who's urge countries to work together to fight the panoramic. we understand and support every government's responsibility to protect its own people. it's natural, but vaccine equity is not charity. it's in every country's

best interests. no country can vaccinate its way out of the fund. i'm you alone. the longer about in equity persists, the more opportunity this virus has to spread and evolve in ways we can not predict nor prevent. ah, let's, i'll bring in our guest. joining us from cambridge in the u. k. is dr. dip t grid, the sunny who's a senior lecturer at queen mary university of london in addis ababa, dr. estimate. well the p t director at the africa centers for disease control and prevention over in oxford. michael jacobs is the professor of political economy at the university of sheffield in the u. k. a warm welcome to you all. thanks so much for joining us on inside story. dr. a group sunny so just about a year ago and vaccination started rolling out the belief by some was that life could certainly return to normal. just one thing seemed to be looking up.

infections started increasing again in some countries as you know. and now we have this new concerning variance. are you surprised by this, or did you expect this to happen? no, i'm not at all surprised. in fact, a lot of that rhetoric is come from politicians, particularly in the west, where the idea has been let's live with the wire to return to normal. scientists have been warning for a while that that's not possible with a virus that's been adapting continuously, was becoming more transmissible, which actually mostly had more able to escape vaccines. so this was entirely predictable because we've had, i think, i knew where did arise almost every 3 to 4 months. and this is sort of right on time with predictions that many people have made. unfortunately, we've been ignored by government who want nitrogen normal, but aren't really taking steps needed to ensure that radians. don't come to, to a rise in the way that they are michael jake. up. i see you nodding along. what's your take on this? i think i bowed to the scientific experts,

it is pretty clear that with a current of ours, that is new teaching so rapidly, the ones that will emerge are the ones that are more transmissible and more resist vaccine. that's what, that's why they merge. and this does mean, i think that until the world is fully vaccinated, we are going to have to live with it in the sense that we're not going to be able to go back to move. this is the new normal. and so a world or at least wearing mosques, physical distance sing, restrictions on travel, i think is inevitable for several years yet. and really worrying thing is the world has not made a huge amount of progress in vaccinating in talk. relations, you know, most european countries have about 70 percent for the vaccination. now in the u. k, in the u. s, it's less than not. it's more like 60 most african countries. it's still under 5 percent. the africa where this new variant seems to arisen is only 25 percent despite being

a richer african countries. these levels of vaccination make it inevitable that we're going to see this virus across the globe. and that will continue to give us huge economic disruption and huge increases in poverty. all right, all important points which i'll address in just a moment. first, let me bring an address out of us are on a cron and has been classified as a variance of concern, as you know. what is the data available so far? tell us about it's infection risk and will it become the dominant strain? do you think or is it too early to say so? and now thank you for having me. let me start by correcting the previous speaker, and who was alluded to a micron virus having been there coming from south africa that is in correct. and the correct position is that it is impossible to know where her variant fast appears on that more efficient scientists are the ones who are going to be

declaring that they have characterized a particular variant. and that's what south africa indeed will china have done. it is the efficiency of their system that is now being turned round or to label, or this particular variant as a something that has happened in southern part of africa. and let me shift to your question and we don't know a lot about this particular very but the fact of the matter is, we know we expected from the very beginning that we are going to be having different variants. that is the we viruses are. they are going to mutate of a time. so it is not a surprise. what is surprising is the panic that we are seeing across the globe. by the time a virus, a new variant has been characterized. it has been circulating and weaving the globe. and it is very difficult to them try and close doors and pretend

that it may not come in to one particular community. and what we need to do is to understand what this new variant is all about. we still don't have enough information to do that. and then we react appropriately and be appropriately action is to use all the tools that are dispos vaccines is just one of them. we must go back to all the other tools. public health measures masking up sanitizing, providing the correct information and not panic. so that we can stay ahead of the spending. otherwise, if we panic, it will oldest of us. so ok, though, go, is this, then the new normal as you speak of sanitizing mass, squaring vaccines, are people just going to have to learn how to live with locked downs and

restrictions and vaccines and screenings for the foreseeable future? what, what do you definitely going to happen is we are going to be leaving in an environment that descends from the base. it is absolutely no doubt about that. we come however, be able to bring this to a stop if we act together acting on our own individual countries. community is not going to stop the panoramic. this is a global problem and we must approach it from a global perspective where each and every tool is available to each and every part of the world. then we can be able to bring this to a stop. and some of the restrictions will then be able to be removed, but so long as we continue to look at this from a very nationalistic spectacles, we are not going to have it. and, and any new body that will come is not going to be able to be contained in one

country or one region. it will spread. so we must act together so that we can be able to remove these restrictions and continue the life to be more comfortable going to the doctor where the son is that something you agree with. also, the president of south africa, himself described the emergence of this new variances, a wakeup paul calls the world regarding particularly vaccine inequality. and he warned that until everybody was vaccinated, the more variance were actually inevitable. so with countries and populations having different access to vaccines, as we know, is he right? yes, me. thank you. this has been obvious from when the found the mac startled. i mean, you need a globe the coordinated approach of progressive elimination. this is not a virus that you can live with because as i said, you will see a new version of this bias much each one potentially worse than the previous, but you don't just need a coordinated vaccine strategy. so definitely there needs to be global equity. there's no doubt about that,

and there's also no doubt that there's been massive boarding of vaccines in the west that has sort of pushed cool back to the end of the queue despite there being a huge need that. but i think it also needs to be a coordinated effort to deal with misinformation and vaccine hesitancy, which is impacting i think all of the was including south africa. and i think unless we have all of that with the focus on, you know, as professor said, every tool tool box is not just faxing, but hybrid mark things that work with a one transmission like ventilation, really good. so valence system. we will not be able to get on top of this, so it's essentially using every layer that we have in ensuring that there is no country that disadvantage because of lack of access or shortages or lack of things . the structure as well as dealing with the huge amount of misinformation that spread across multiple avenues including social media, michael jacobs. what do you think the governments need to do to manage this virus in a sort of more effective way? so we can get back to our normal lives. well,

i certainly agree that we need to be sharing vaccines more equitably across the world. we recently, apparently in the u. k. destroyed 600000 vaccines, which had gone past their effective date, which is an absolute moral disgrace and economic disaster. we, it is really appalling that the western countries and gulf states and others have not been enabling greater vaccination in the rest of the world. and as has been said by various leaders, including the head of the w, w, i chose you heard earlier a mother's a safe until everybody is. but i also agree that this problem with this information and vaccine hesitancy is a huge problem in the us. it looks very unlikely that they will ever be able to get to a, a heard in unity because very large numbers of people almost entirely associated with supporters of the republican party. do not believe in vaccinations and in many cases seem to believe that the whole curve it thing is a hooks. now that is

a kind of not just this information but a kind of political war on health and on equity. and many countries around the world see this where you got vaccine hesitancy bound up with wider mistrust of, of governments or professionals of experts and so on. and this is a real problem which we have to address in every country where this occurs, right? my cover, how difficult is it to balance? what scientists swan in terms of wiping out his virus and what society and populations need in terms of function and well being. i think from an economic point to do it is very difficult. there's no question that as you restrict certain kinds of contact travel that certain sectors of the economy will be heard, the travel industry, tourism, in particular, the un conference on train development is estimated, but the economic cost across the world. but particularly from the loss of travel and tourism might go up to 4 trillion dollars last year and this year. so that is

a huge economic cost. and it's obviously much harder for people and industries where most workers can't work from home in manual labor sectors. the auction of working from home, which is possible for white color office workers, doesn't exist. so this will have is having a huge economic course. but in the end, a pandemic, which it, which we don't get riddle will have a larger economic costs. and so yes, of course, this is of balance and some countries seem to balance this better than others. in other places, the restrictions have been a been minimized because of political opposition. there's a kind of strand of libertarianism that's definitely true in my own country in the u. k. and in the u. s, which sees even things as simple as more squaring, as incursions on personal liberty. that kind of attitude is not helping that. he's making the situation worse, stand by for just a moment or will delve into the economic discussion a little bit more, but take a look at the statistics. so as we mentioned earlier, this new variant is threatening to undo the recent economic recovery. if there was

one, millions of people lost their jobs when businesses were forced to close. during the initial wave of the pandemic, global supply chains are still severely disrupted as a result of staff sorta, jones. and many ports are clogged with shipments, causing supply shortfalls, as well as raising prices. and the international monetary fund predicts the cost of food and gas will rise by 4.3 percent this year. and that is the biggest jump since 2011. and on the issue of travel, in particular off my dog. well, oma, the president of south africa, i'm sure you know, has called on countries which have imposed research travel bands on his country as well as some other regional countries to urgently reverse their decisions. that's what he says before any further damage is done to our economies. so knowing that the u. k. u and u. s. are among some of those who impose those travel bands, do you think they're going to make a difference in fading this variance solid bonds? don't work. we have seen it with

a and there's another foster radiance that we are trieste, our new start over the i'll find a better the delta m. we have very good evidence that travel bonds do not work to fact. during this time of micro own, we have seen as or my last count at least 12 countries have reported a documenting. they'll micro another variant. so, closing down economies over a, by, by bombing traveling from one part of the world to another is not going to help. but when you say you handle it, and i wonder if you can just tell us a little bit about what that evidence is. look, if you go to each and every type of variant, the only way for you to be able to know which but entered in which is to do for gene on sequence. so if a country is doing full genom sequencing, they will be able to tell what kind of variant we are dealing with. not all

countries are doing that some countries are doing it, especially in africa. we are doing that very, very effectively. and when we share that beta, we are punished for 2nd is when you look at the out the way that them or the variance are being identified across the world. it is not following aaliyah path or from one country to the other. it is popping up even amongst people who cannot be able to be sent to have trouble anyway are come into contact with someone else. what travel? so it means that the, the way in which is variants are actually traveling across the world. we cannot yet to be able to define it effectively. and if we can't define the pathway, then the close closure of borders is not going to l. m a, but it is damaging our response in 2 very important ways. one is that it is going to discourage countries from a doing any for genome sequencing and sharing be a bit that is damaging and 2nd economically speaking by starting to label countries

as are saucers of different types of by a variance. we're going to start if affecting are not only response of the public to our vaccination, but also they cannot make a damage that is going to because is going to be more if we deal with this as we are dealing with variance and not parts of the world than we are going to be a lot more effective, but travel bonds do not work have never worked. are not going to work with this variant or any other that will come up in the future and out of her the fanny. what is your opinion on this or, or the travel brands premature an overreaction or, or what's your take on so by the time a band is identified, it is widespread. so you know, when it was identified, many of us said yes, it's definitely here in england because of the transport links between different regions. that doesn't mean that slowing down import doesn't help. and certainly

that helps, but not through travel bands through a sweeting, at the border, and strong quarantine measures and not targeted at single countries, but rather comprehensive ones that requires isolation and testing of or travelers. and those measures have been shown to be highly effective in, in very large studies across many countries, but also with the caveat that they are effective because you could just load on spread. but then are you going to do something with that extra time that you gave because ultimately cases will probably come through unless you have sort of very blanket restrictions, like some countries in southeast have, which have kept radians out. and i don't see countries like the u. s. and u. k. doing very much else with that timing back time needs to be urgently use to put in domestic measures that reduce transmission to reduce existing case ways to build healthcare capacity to increase the vaccination and boosting unless that time is used to do that it's, it's sort of going to be wasted. so

o oscar across from that are we put at the top of the show and it, is this going to be the new normal doctor grid? the sunny should people continue to expect traveled bands? i know that's a my go go. oma doesn't necessarily agree with them, but should people be expecting this to be very new normal? they should face travel bands every couple of months because of, of the corona virus. i think, depends on the political will. i mean, if it is a global e, coordinated effort towards elimination, ben, things like quarantines and travel restrictions and other restrictions will be the shortest job. but, and by sorted them, i still mean unfortunately, over the course of a few yards. you know, like we did the needle be eliminated, but gradually, but if that's not the course that we're choosing and if the course is living with the virus, then i'm afraid we are dealing with longer term restrictions. so paradoxically, i find the focus on short term freedoms and short term economic green games has

trumped the science, which means that we're living in longer term restrictions and much, much greater economic damage. and i think at this point in time for politicians and scientists reflect on, you know, can we make it globally corner, the f o, which requires short pain. but, you know, does not require living with a virus that's constantly mutating to potentially become more transmissible. and more able to escape the tools that we have. so michael jacob, how do then government balance keeping their economies afloat on one end, while protecting populations from transmission. and is their strategy this time around? going to have to be different than last time around. the strategies in countries that are more vaccinated is different. so lot downs are, are occurring less than they used to order. we've now seen new look, towns in certain european countries because transmission has extended foreigners. but that will be different in many countries from before. i think many industries have become better at adapting to the situation where people can work from home.

people are obviously got used to that in other sectors. we've got better logistics, which have kept people apart from one another, better ventilation of or, or of buildings and so on. so between industry and government, we've seen some forms of adaptation, which it meant that the economic costs have not been as great. but then, or if we don't succeed in vaccination, very large numbers of the population globally and not just in certain countries. and these things won't be fully effective to very difficult choices. the governments, because the economic costs are very considerable. you have obviously the direct health costs or people getting the disease and but you have huge economic costs from making it more difficult for people to work into consume and to produce. and those have real health costs themselves. people have become ill. a people are poorer than they can't access, health care themselves and so on. so this is a very difficult balancing act in their own simple solutions for your thing is that

you cannot make inequality were worse than and michael jacobs if, if the situation continues as, as it economic inequality will wilson under either leaving the, the pandemic to go its own way, all restricting the economy, but much more deeply naive. the choice is good for poor people because poor people have fewer options always. and so yes, inequality is likely to rise. this is why it's so important, but governments are extend the vaccination programs, particularly in the donation of vaccines from rich countries to poor countries. and because in the end that is the only way we will get a control of this. and the only way we can find some degree of equitable outcome, and i just will say about travel bands or any form of travel restriction is an economic costs to the countries in bold did not travel. so even if you don't band people, if you currently them, if you wilson to have tests, which they have to pay for, you will have

a restriction on the amount of travel that is on the roy inevitable. in a pandemic that troubles a so quickly across borders, cert, whether or not it's actual bands or whether it's just better a quarantine in vaccination testing processes that will impact on travel with an economic course or madeau omar. it, to what extent you think this crisis, this pandemic has really been a revelation on, on weaknesses that exist and how we all live together. absolutely and, and in fact, the weaknesses have been across boat and all types of communities of the country is all types of strat, dana's foster social studies and all of us have been exposed in different ways. now 2 things i like to add to that one is we do have tools at our disposal that we need to use to slow this down so that we're going to

be able to perform an adequate economic activities. that one is testing. we have rapid test now which give you results in a matter of minutes and we need to use these more effectively so that we can me what do i then defy hotspots quickly? and then put out on the spread as fast as possible before it goes into other parts of the country, other parts of the world. so effective testing needs to be ramped up. second is vaccine issue. we need to vaccine it, that we can reduce the number of people who are willing to be seriously ill and therefore put less pressure on our health systems. and i also have fewer people who can be able to spread out a virus more more efficiently. and finally, ease information, human beings by and live, if they're given the correct information, they tend to react in a positive way. they'll always be that part of society that will not be able to

react in a positive way. the way that we transmit that information, how fast we do it, and how effectively treat the population is critical in ensuring that our population is we have a boss to, we're responsible for guiding and coordinating this response. and now currently we're not doing enough of providing that information and we need to do it more effectively. ok on that now to leave it there. thank you so much for joining us, dr. the think are there any doctor model? well, my michael jacobs, we appreciate your time. thanks for watching. you can see the program again any time by visiting our website al jazeera dot com for further discussion. you can go to our facebook page, that's facebook dot com, forward slash ha, inside story. you can join the conversation on twitter or handle is a james. i story from myself and the whole team here in del how, thanks for watching a bye for now. ah. ah

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we are the ones traveling the extra mile. where are the media, those goals? we go there and we give them a time to tell their story. ah hello, i'm has him see, get in da, how the top stories on al jazeera, the world health organization is warning. the new is covered 1900 very. it hoses. a significant global risk on crohn was 1st detected in southern africa last week. and cases have now been found in a number of countries in the us president joe biden is urging vigilance. but asking people not to panic. white house correspondent, kimberly. how could reports more folks following a briefing by his coven response team giving us president joe biden addressed the american public, urging them not to be alarmed by the new varied army crime. this period is

a cause for concern not a cause for panic. us scientists.