Surge cases of the Omicron coronavirus variant caused governments to implement fresh bans and hasten booster injections just days prior to Christmas. The surge in Omicron cases has also forced Singapore to restrict quarantine-free travel and Australia to restart its vaccine drive… Read More ›
Economy & Finance
Slower Growth Of UK Economy Then Was Initially Perceived Prior To Omicron Hit
According to new estimates, the UK economy grew at a slower rate than previously thought between July and September. As Britain emerged from lockdown, the Office for National Statistics (ONS) reported that the GDP increased by 1.1 per cent, rather… Read More ›
With Omicron Threatening A Recession, Consumer Morale In Germany Drops
According to a survey released on Tuesday, German consumer sentiment will deteriorate further at the start of next year, as the COVID-19 pandemic and the development of the Omicron variation push Europe’s largest economy to the edge of recession throughout… Read More ›
Russia continues to violate WTO commitments: USTR
In a statement the office of US Trade Representative said, Moscow continues to move away from commitments it made to join the World Trade Organization in 2012 citing increased restrictions in agricultural imports and import substitution policies. In its annual… Read More ›
US Expansion Intention Of Europe’s Biggest Rapid-Delivery App
New Yorkers have begun to spot messengers dressed in purple and yellow zooming about the city on mopeds in recent weeks. These couriers, who may also be spotted in Chicago and Boston, convey food for the Getir app, which offers… Read More ›
Tough Recovery Likely For Emerging Markets But Asia To Perform Better, Says Moody’s
According to Moody’s Investor Service, emerging economies will experience hurdles in handling their economic recovery, but Asia will perform better than other regions in this regards. “The pandemic was tougher on emerging Asia markets than it was on advanced economies…… Read More ›
Top Executives Of Boeing And Airbus Call On Biden Administration To Delay 5G Deployment
A petition to the administration of the United States President Joe Biden, urging the government to postpone the rollout of new 5G cellular services, claiming that it would jeopardise aircraft safety, was made by the two largest aircraft makers of… Read More ›
Strong Demand Could Post Record Sales For Champagne Makers
Champagne producers in France are celebrating record sales for the year. This unexpected turnaround from last year’s pandemic-related problems is giving them confidence that they will be able to withstand the Omicron variant. According to Jean-Marie Barillere, president of UMC… Read More ›
Foreign financial institutions conducting business with sanctioned individuals will be sanctioned: State Department
In a significant development, the United States has named five already-sanctioned Chinese officials who have allegedly contributed to undermining Hong Kong’s democracy; it has also issued a warning to financial institutions that conducting business with these officials would lead to… Read More ›
Omicron as severe as Delta: Imperial College London
According to analysis from a recent study, early UK data shows that infections caused by the Omicron variant appears to be no less severe than the Delta variant. Researchers at Britain’s Imperial College London compared 11,329 people with confirmed or… Read More ›