The World Health Organization's top official has warned of a "catastrophic moral failure" because of unequal Covid vaccine policies.
Reported Covid-19 cases around the world reached 5 million on Thursday as some countries begin easing strict social distancing guidelines and look to reopen their economies, according to data from Johns Hopkins University. The number of reported cases worldwide hit 5,000,038 and the global death toll now stands at 328,172, according to Hopkins.
A century ago, Argentina was one of the 10 richest countries in the world. Since then, however, a long series of economic crises have made it the only nation in modern history to regress to developing country status. CNBC's Sam Meredith explains what is behind its boom and bust cycle.