Denmark declares Covid is no longer a Threat to Society
Denmark will end virus restrictions next week and reclassify Covid-19 as a disease that no longer poses a threat to society, Prime Minister Mette Frederiksen announced. The country’s decision comes even as infections reach a record high, dramatically pushing forward an idea that’s emerge
Shipping Congestion is growing at the World’s Biggest Port
Ships looking to avoid Covid-induced delays in China are making a beeline for Shanghai, causing growing congestion at the world’s biggest container port. Shipping firms are making the switch to avoid delays at nearby Ningbo, which suspended some trucking services after an outbreak of Covid-19, acc
Dubai issues AED 3,000 Fines for NYE Face Mask Violations
Dubai’s Supreme Committee of Crisis and Disaster Management announced guidelines for New Year’s Eve celebrations following Wednesday’s highest number of daily coronavirus cases in 6 months Masks must be worn at all times; violators will be fined Dh3,000. Social distancing must also be
Omicron, 70% less likely to cause Hospitalization than Delta Variant
People are far less likely to be admitted to hospital with the omicron Covid variant than the previous delta strain, according to a U.K. government study published Thursday.The U.K. Health Security Agency said individuals with omicron are estimated to be between 31% and 45% less likely to atte
Pfizer says Pandemic could Extend to 2024
Pfizer Inc forecasted that the COVID-19 pandemic would not be behind us until at least 2024 and said a lower-dose version of its vaccine for 2- to 4-year-olds generated a weaker immune response than expected, potentially delaying authorization. Pfizer’s Chief Scientific Officer said in a presentat
Euro, Dollar Steady after Omicron Fears Ease
The euro, sterling and dollar stabilized on Thursday amid optimism some COVID-19 vaccines might be able to neutralize new coronavirus variant Omicron. Analysts said the focus was shifting back to monetary policy.Some of the fears around the Omicron variant ebbed after BioNTech and Pfizer said three
Omicron could Deal another Blow to Supply Chains
Just as it appeared like the crisis was beginning to stabilize, the industry may now face yet another blow: the new omicron Covid variant. Omicron is “another test of resilience” for already-stressed supply chains, said Per Hong, senior partner at consulting firm Kearney. Omicron is “another
The Dow just had its Worst Day of the Year
U.S. stocks dropped sharply on Friday as a new COVID variant found in South Africa triggered a global shift away from risk assets. The Dow Jones Industrial Average dropped 905.04 points, or 2.53%, for its worst day of the year, closing at 34,899.34.
COVID Comeback – A new Threat for European Market Bulls
COVID-19 lockdowns have returned anew to haunt Europe’s economic prospects, forcing investors on Friday to reassess portfolios and sell vulnerable assets such as the euro and bank stocks. Days after the Netherlands, Hungary, Slovakia and the Czech Republic reimposed curbs, Austria put itself b