Epidemics
The emergence of the new Omicron variant of the coronavirus has significantly increased the likelihood of the Bank of England holding back from raising interest rates this month. Economists and traders in financial markets expect a majority of members on the BoE's Monetary Policy Committee to decide at
Epidemics
Public health officials worldwide are monitoring the rapidly spreading omicron variant of the coronavirus, with several countries confirming cases. As a result, scientists and health experts are assessing the effectiveness of existing vaccines and exploring the potential role of boosters in mitigating the spread of the new variant. Key figures
Epidemics
Experts warn that the COVID-19 pandemic is far from over, with the Omicron variant spreading rapidly around the world. According to infectious disease experts, the variant has already been detected in several European countries, the UK, Israel, Hong Kong, and Canada, and it's likely to be found in
Epidemics
Across a world where vaccine-dominant nations have been blessed with plentiful shots, poor countries are struggling to access these life-saving tools. As a result, the omicron variant of the COVID-19 virus has emerged, posing a risk to global health. South African scientist Glenda Gray, head of the South African Medical
Epidemics
A new coronavirus variant, designated Omicron by the World Health Organization, has sparked a global sell-off in companies most exposed to the pandemic, causing the steepest decline in global equities and oil prices in over a year. The discovery of the variant, which is believed to be behind a surge
Epidemics
The UK's FTSE 100 property companies, British Land and Landsec, have reported strong results, indicating a turning point in the London office market. The work-from-home trend, which led to a significant decline in office space demand, appears to be losing momentum. More than two-thirds of UK bosses planned
Epidemics
The BC provincial government has introduced a four-step reopening plan, BC's Restart: A plan to bring us back together, to gradually lift COVID-19 restrictions and return to a sense of normalcy. As of July 1, 2021, the province entered Step 3 of the plan, allowing for increased social
Epidemics
Europe's economy is facing fresh threats to its pandemic recovery as energy prices surge at a "tumultuous pace" and bottlenecks in the supply chain dampen growth and slow production, the European Commission said on Thursday. The commission's latest economic forecast reveals that sporadic pandemic-related
Epidemics
Germany's economic growth is expected to slow in the near term due to increasing Covid-19 infections and supply chain problems, according to the German Council of Economic Experts. The council has cut its growth forecast for this year from 3.1 to 2.7 per cent, citing supply-side
Epidemics
The Federal Reserve is set to announce a scaling back of its bond-buying stimulus, a move that indicates the US economy has largely recovered from the COVID-19 recession. However, the Fed's efforts to curb inflation through rate hikes may be complicated by rising prices and slowing growth. Economists
Epidemics
U.S. President Joe Biden unveiled several new steps to strengthen and streamline global supply chains on Sunday, as he convened world leaders at the Group of 20 summit to discuss the bottlenecks hampering the global economy's recovery from the COVID-19 pandemic. The President noted that most citizens
Epidemics
Italian businesses were initially panicking about the impact of Brexit, but the UK trade deal brokered in December 2020 alleviated many concerns. However, the UK market has been battered by the coronavirus pandemic, and Italian exports to the UK are recovering more slowly than in other key markets. The Italian
