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India will allow some exports of anti-malaria drug after Trump appeal

INDIA will allow some exports of the anti-malaria drug hydroxychloroquine, the foreign ministry said on Tuesday (7).

The decision was made after the US president Donald Trump urged New Delhi to release supplies of the drug seen as a possible treatment for COVID-19.


The Indian government had earlier put a hold on exports of hydroxychloroquine as well as on the pain reliever, paracetamol, saying it had to meet its internal demand. But Trump spoke to prime minister Narendra Modi over the weekend seeking supplies and later hinted that India may face retaliation.

"It has been decided that India would licence paracetamol and HCQ in appropriate quantities to all our neighbouring countries who are dependent on our capabilities," said Indian foreign ministry spokesman, Anurag Srivastava.

"We will also be supplying these essential drugs to some nations who have been particularly badly affected by the pandemic," he said.

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UK house prices

The data suggests the UK housing market may be regaining some momentum after a quieter winter period.

AFP via Getty Images

UK house prices climb 3 per cent as market shrugs off weak sentiment

  • UK house prices rise 3 per cent annually in April
  • Average property value reaches £278,880
  • Market recovery continues despite falling buyer confidence

UK house prices saw an unexpected lift in April, suggesting the housing market may be holding up better than many had anticipated. According to the latest data from Nationwide Building Society, annual house price growth rose to 3 per cent, up from 2.2 per cent in March. On a monthly basis, prices increased by 0.4 per cent, taking the average UK house price to £278,880.

This comes at a time when concerns around the Iran conflict and interest rate uncertainty were expected to weigh on buyer sentiment. There had been a growing view that potential homeowners would delay purchases, waiting for more favourable mortgage conditions.

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