Tue, 21-Oct-2025

US ends 2021 with disappointing job growth ahead of Omicron surge

US economy

WASHINGTON: The US economy ended 2021 on a sour note with a worse-than-expected employment report Friday underscoring the challenges awaiting President Joe Biden in the New Year, as the Omicron variant runs rampant and his legislative agenda stalls. The world’s largest economy gained only 199,000 jobs in the final month of the year, the Labour … Read more

Omicron: Mild or severe impact on economy?

Omicron

PARIS: After limping its way back from the Covid pandemic last year, the global economic recovery has been rattled by the Omicron variant’s rapid rise. The travel industry has been thrown into disarray again, workers have been forced to isolate at home and governments are facing a stark choice between imposing restrictions or letting the … Read more