China will not invite international experts to investigate the source of Covid-19 until after securing the "final victory" against the virus, Beijing's UN ambassador in Geneva said Wednesday.
China's priority is first beating the pandemic - and countering the "absurd and ridiculous" politicisation of the new coronavirus, Chen Xu told reporters in an online briefing.
The World Health Organisation says it is waiting on an invitation from China to take part in its investigations into the animal origins of the virus, first reported in the city of Wuhan in December.
Asked when the WHO could expect an invitation, Mr Chen replied: "The top priority, for the time being, is to focus on the fight against the pandemic until we win the final victory.
"We need the right focus and allocation of our resources.
"It's not that we are allergic to any kind of investigations, inquiries or evaluations," he said, as they could aid international efforts to prepare for future public health emergencies.
"We need to race with time to save lives as much as we can," he added.
"For whether or how the invitation will take place, we need to have the right priority setting at this moment, and on the other hand, we need the right atmosphere."
Also on Wednesday, China hit back at US Secretary of State Mike Pompeo over his claims that the coronavirus originated in a lab in Wuhan, saying he "doesn't have any" evidence.
Mr Pompeo said on Sunday that there was "enormous evidence" to show that the new coronavirus originated in a lab in China, further fuelling tensions with Beijing over its handling of the outbreak.
"I think this matter should be handed to scientists and medical professionals, and not politicians, who lie for their own domestic political ends," said foreign ministry spokeswoman Hua Chunying at a regular press briefing.
"Mr Pompeo repeatedly spoke up but he cannot present any evidence. How can he? Because he doesn't have any," she said.
Mr Pompeo said Sunday in an interview that there was "enormous evidence" that the new coronavirus came out of a Wuhan lab.
Most scientists believe the new virus, which emerged in China late last year, jumped from animals to humans - possibly from a market in Wuhan selling exotic animals for meat.
The World Health Organisation said the US claims were "speculative".
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Titanium Escrow profile
Started: December 2016
Founder: Ibrahim Kamalmaz
Based: UAE
Sector: Finance / legal
Size: 3 employees, pre-revenue
Stage: Early stage
Investors: Founder's friends and Family
Race card
5pm: Maiden (PA) Dh80,000 (Turf) 1,600m
5.30pm: Handicap (PA) Dh80,000 (T) 1,600m
6pm: Arabian Triple Crown Round-1 Listed (PA) Dh230,000 (T) 1,600m
6.30pm: Wathba Stallions Cup Handicap (PA) Dh70,000 (T) 1,400m
7pm: Maiden (PA) Dh80,000 (T) 1,200m
7.30pm: Handicap (TB) Dh100,000 (T) 2,400m
Company profile
Company: Rent Your Wardrobe
Date started: May 2021
Founder: Mamta Arora
Based: Dubai
Sector: Clothes rental subscription
Stage: Bootstrapped, self-funded
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg