Audio By Carbonatix
Stock markets have jumped on hopes of a potential breakthrough in the search for a vaccine against Covid-19.
Drugs firm Pfizer said that preliminary analysis indicated that its coronavirus vaccine was 90% effective.
Not getting too excited, but wonderful to have some positive news. #vaccine #COVID19 Stock markets soar on Pfizer Covid vaccine news https://t.co/0zRnE5g8VZ via @BBCNews
— Everyone's Th Co (@EveryonesTheatr) November 9, 2020
In response, the UK's FTSE 100 share index jumped more than 4%, while European indexes were up more than 5%.
Travel firms - which have been hit hardest by the pandemic - saw the biggest gains, with British Airways owner IAG soaring 26%.
Drugmakers have been racing to be the first to develop a successful coronavirus vaccine.
If authorised, the number of doses will be limited initially. Many questions also remain, including how long the vaccine will provide protection.
Latest Stories
-
Milo U13 Champs: Ahafo’s Adrobaa set for thrilling final with Franko International of Western North
2 hours -
Ghana’s HIV crisis: Stigma drives new infections as AIDS Commission bets on AI and six-month injectables
3 hours -
First Ladies unite in Accra to champion elimination of mother-to-child HIV, Syphilis, and Hepatitis B transmission
3 hours -
US Supreme Court agrees to hear case challenging birthright citizenship
4 hours -
Notorious Ashaiman robber arrested in joint police operation
5 hours -
Judge sets key dates after video evidence hurdle in Nana Agradaa appeal case
6 hours -
Who are favourites to win the 2026 World Cup?
6 hours -
Galamsey crisis spiritual, not just economic; Pulpit and policy intervention needed – Prof. Frimpong-Manso
6 hours -
We will come after you – Muntaka warns online fearmongers
6 hours -
Forestry office attack: Suspected gang leader arrested, two stolen cars recovered
7 hours -
How Asamoah Gyan reacted after Ghana was paired with England, Croatia, and Panama for the 2026 World Cup
8 hours -
Ghana Armed Forces opens 2025/2026 intake for military academy
8 hours -
Prime Insight: OSP vs. Kpebu and petitions to remove EC boss to dominate discussions this Saturday
8 hours -
Multimedia’s David Andoh selected among international journalists covering  PLANETech 2025 in Israel
9 hours -
Gov’t prioritising real action over slogans – Kwakye Ofosu
10 hours