U.S., Germany plan new restrictions as Omicron rattles investors
The United States and Germany joined countries around the globe planning stricter COVID-19 restrictions on Thursday as the new Omicron variant rattled markets, fearful it could choke a tentative economic recovery from the pandemic.
Global COVID-19 cases hit 250 million, eastern Europe infections at record levels
Global COVID-19 cases surpassed 250 million on Monday as some countries in eastern Europe experience record outbreaks, even as the Delta variant surge eases and many countries resume trade and tourism.
Analysis: How the delta variant affects the global economy!
When the entire world was attempting to resume its journey toward a more economically sound environment following the Covid-19 outbreak, the rise of the delta variant dashed all hopes, and the economy appeared to be shattered once more as a result of the Covid restrictions and lockdown. However, most countries are now working to relax […]
Apple will not call employees back to work until 2022
The Delta variant has become the latest roadblock to reopening offices and employees returning to work. Apple has postponed returning employees to the office until January at the earliest, citing concerns about an increase in Covid cases. Employees were notified of the decision in a company memo sent out on Thursday, according to Bloomberg News. […]
Sydney’s lockdown is likely to be extended, and Delta variant cases are on the rise!
On Thursday, the COVID-19 Delta outbreak in Sydney, Australia’s largest city, swelled by 239 cases, the pandemic’s daily maximum surge, prompting authorities to grant police more authority to shut down companies that do not comply with lockdown orders. Over two million people in eight Sydney hotspots will be required to wear masks outside and stay […]
Caseloads climb as Southeast Asia feels force of Delta variant
July 9 (Reuters) – Having escaped the worst when the coronavirus pandemic erupted last year, Southeast Asia is now suffering record rises in deaths and cases, while vaccination shortfalls and highly contagious variants have derailed containment efforts. As countries like Britain, Germany and France prepare to remove most remaining restrictions after devastating outbreaks, governments in […]
Analysis: Falling U.S. bond yields may signal death knell for ‘reflation’ stock trade
Stock investors are watching the dramatic moves in the Treasury market for clues on the fate of one of this year’s most successful plays – the so-called reflation trade that helped power shares of economically sensitive companies higher after nearly a decade of underperformance.
COVID Delta variant worries bubble to the surface in some asset prices
Worries over the spread of the Delta coronavirus variant are emerging in various corners of global financial markets, even as U.S. stocks hover near record highs.
European shares fall on inflation, pandemic woes
European shares fell on Wednesday as worries about rising inflation and the Delta variant of the novel coronavirus hit economically sensitive sectors, even as technology stocks tracked an overnight surge in their U.S. peers.
Asian shares rise after consumer confidence boosts Nasdaq to record high
Asian shares rose and a gauge of global equities hovered near record highs on Wednesday after rising consumer confidence in economic recovery boosted the Nasdaq index to its highest-ever closing level.
