Many nations on course to eliminate malaria: WHO


In a progress report published by the Roll Back Malaria (RBM) partnership at the start of an international Malaria Forum conference in Seattle, the United Nations health body said “remarkable progress” had been made.Up to a third of the 108 countries and territories across the world where malaria is endemic are moving toward being able to wipe out the disease within their borders, it said.”Better diagnostic testing and surveillance has provided a clearer picture of where we are on the ground — and has shown that there are countries eliminating malaria in all endemic regions of the world,” Robert Newman, director of the WHO’s Global Malaria Program, told the conference.”We know that we can save lives with today’s tools.”He said the WHO continually monitors progress to ensure countries are supported in their efforts to be malaria-free.Almost half the world’s population — or 3.3 billion people — are at risk of malaria and the parasitic disease killed 781,000 people in 2009, according to the latest data. Most of its victims are in Africa.Malaria elimination — halting the disease’s transmission and reducing infections to zero within a defined area — was first attempted on a large scale during the Global Malaria Eradication Program from 1955 to 1972.During that time, 20 countries were certified by WHO as malaria-free. But that number dropped to just four countries during the following 30 years when efforts to control the spread of the disease lapsed. “The world sort of gave up on malaria, and we lost ground,” said Newman.Monday’s report said seven countries had recently eliminated malaria and were working to prevent re-introduction, another 10 countries were monitoring transmission to get down to zero malaria cases, and a further nine were “preparing to move toward nationwide elimination of malaria.”“The extraordinary commitment, the … financing, and the coordination of efforts to realize malaria targets over the last ten years have resulted in a situation today where we could see 10 more countries reaching a malaria-free status in a relatively short time,” said Awa Marie Coll-Seck, RBM’s executive director.”This will save many many more lives.”PROGRESS MADERBM said in a report in September that a rapid scale-up of a range of malaria control measures — such as insecticide-treated mosquito nets, indoor spraying, faster and more accurate diagnosis and access to anti-malaria drugs — has saved an estimated 1.1 million lives in Africa over the past 10 years.International funding for the fight against malaria has also risen substantially in recent years, reaching about $1.5 billion in 2010, up from $100 million in 2003.David Brandling-Bennett, deputy director for malaria at the Gates Foundation, which was hosting the Seattle conference, said it was vital for global health authorities, donors and national governments not to take their eye off the ball.”The reality is that malaria does fight back … and we don’t want to lose the momentum from these gains,” he said.Newman said that with all the highly effective tools currently available, “no one should die of malaria.” He urged international donors and national governments to push harder to ensure all those who needed them had access to them.Only then, he said, would the “global goal of eradicating this ancient scourge” become a reality.The Malaria Forum is hosted and funded by the Gates Foundation, a $34 billion fund run by the billionaire Microsoft founder Bill Gates. The foundation is devoted largely to health projects in poor countries.In 2007, Gates and his wife Melinda urged the international community to fight for the global eradication of malaria, saying that to aspire to anything less would be “timid.”

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China business group to rethink U.S. investments after FX bill


China has urged the Obama administration to stymie the bill, labelling it “protectionist”.”We have always supported our members to invest in the United States…but the bill has forced us to reconsider the investment environment in the United States,” the business group said in a statement.It said its members’ investments and purchases in the United States have created millions of jobs for Americans.Chinese officials and media have warned that the legislation could trigger a “trade war” of escalating protectionist tit-for-tat retaliation, raising the risk of further strains between the world’s top two economies.China, America’s biggest foreign creditor and its fastest-growing major export market, could strike back at the United States if the currency legislation is passed. But analysts say such shapeless threats are more bluster to reassure domestic audiences than a real option.According to the New York-based Rhodium Group, a consulting firm specializing in tracking outbound Chinese investment into the United States, China’s direct investments in the United States have been soaring in recent years, with 13 green field projects and 5 acquisitions in the second quarter of 2011 alone.

UPDATE 1-Two life insurers meet systemic criteria-analyst


* Life insurers rally in morning tradingOct 12 (Reuters) - Only two life insurers — MetLife Inc and Prudential Financial Inc — meet new requirements to be considered “systemic” and regulated as such, KBW analysts said on Wednesday.The Financial Stability Oversight Council on Tuesday proposed a three-stage test to figure out which nonbank financial firms should come in for tighter capital and liquidity regulation by the Federal Reserve.The insurance industry has argued that no insurer should be designated a “strategically important financial institution,” or SIFI, in part on fears that any company so tagged would have difficultly competing with peers that are free to take more risks.KBW said only MetLife and Prudential crossed the council’s $50 billion asset threshold and at least one of the secondary hurdles as well. While that does not guarantee that they will be designated systemic, it does suggest they will at least get further scrutiny in the review process.”Presumably, companies not tripping any thresholds are unlikely to be seriously considered for SIFI status (and) are likely out of the woods,” analyst Jeffrey Schuman said in a note to clients.Schuman said that was good news for the other large life insurance companies, including Aflac , Hartford Financial , Lincoln National and Genworth Financial .He also said it was still “far from certain” that MetLife or Prudential would be tagged as SIFIs.Both MetLife and Prudential have said in regulatory filings that they may be subject to the council’s scrutiny, given their size.MetLife shares were up 3.5 percent in Wednesday morning trading, while Prudential rose 2.4 percent.Shares of other life insurers rallied, with Lincoln rising 5.7 percent, Aflac up 5.1 percent, AIG up 4.2 percent, Genworth up 3.6 percent and Hartford gaining 3.1 percent.