WHO's given up on COVID?

With the World Health Organisation (WHO) announcing that COVID-19 is no longer a "global health emergency", you'd be forgiven for thinking the pandemic's over.

But alas, it isn't.

According to WHO, the "emergency" phase is over but COVID will remain a persistent threat for a lot longer, saying the disease is still killing someone every three minutes.

So how can COVID no longer be an emergency, but also remain so deadly?