BRUSSELS: Economic growth in the Eurozone slowed to a nine-month low in December, as a fresh wave of the coronavirus rattled businesses, especially in Germany, a closely watched survey said on Thursday. The survey, released by data firm IHS Markit, added that prices in Europe were continuing on their upward march, though rates of increase had … Read more
WASHINGTON: Just as it was recovering from the body blow of the Covid-19 pandemic, the global economy has taken yet another hit from the omicron variant of the virus, which has led to a raft of new travel restrictions. First reported to the World Health Organization in South Africa less than a week ago, the … Read more
LONDON – European equities fell in opening deals on Tuesday after the head of Moderna warned current coronavirus vaccines might be less effective at fending off the Omicron variant. In initial trade, London’s benchmark FTSE 100 index reversed 0.9 percent to 7,047.14 points. In the eurozone, Frankfurt’s DAX shed 0.9 percent to 15,137.86 points and … Read more
LONDON: Opec+ oil producers meet on Thursday under pressure from US President Joe Biden, who has opened up his country’s taps hoping to bring down crude prices, and a new Covid-19 variant that has complicated the equation. The meeting “is shaping up to be one of the most significant since the pandemic demand recovery began, … Read more
GENEVA: Amid a global alert over the new Omicron variant, Pakistan has called for a fully equipped and adequately resourced global health security framework that responds effectively to future pandemics. Speaking during a special three-day meeting of the World Health Organization’s governing body on Monday, Pakistan’s Ambassador to the United Nations Offices in Geneva, Khalil … Read more
