Representative image The end of 2021 brought with it the start of a fresh deluge of daily new COVID-19 infections in India, driven by the Omicron variant. But developments have been such that Reserve Bank of India staff wrote in an article on January 17 that near-term economic prospects had brightened on hopes that the surge in cases caused by the Omicron variant may only be a "flash flood" and not a wave. Numbers clearly seem to suggest so. As has been the case in other countries, there are indications that this phase may be shorter in duration compared to the deadly second wave India experienced in the first half of 2021. The seven-day moving average for daily new cases in India seems to be plateauing within a fortnight of daily new cases crossing the 1-lakh mark. While daily new cases in this third wave is perhaps yet to peak on a national level, certain regions are already seeing a decline. This could hold clues for the county as a whole. "New cases in Mumbai seem … [Read more...] about Has India’s third COVID-19 wave peaked?
- A + A TAIPEI (Jan 19): Covid-19 airport testing rules requiring passengers arriving in Taiwan on long-haul flights to wait for the result of their Covid-19 PCR tests at the airport will be expanded to short-haul arrivals from India and eight Southeast Asian countries starting Thursday, Health and Welfare Minister Chen Shih-chung announced Wednesday. According to Central news agency (CNA), from Thursday, all passengers arriving in Taiwan on short-haul flights from India, the Philippines, Cambodia, Thailand, Vietnam, Myanmar, Indonesia, Malaysia, and Singapore will have to wait at the airport for their on-arrival Covid-19 test results before completing clearance procedures. If their test comes back negative, they will be permitted to leave for a government quarantine facility or quarantine hotel, while a positive result means they will be immediately sent to a hospital, or an enhanced quarantine facility based on their symptoms, Chen, who heads the Central Epidemic … [Read more...] about Taiwan expands on-arrival Covid testing rules to short-haul flights, including from Malaysia
In Thailand, the highly transmissible Omicron variant is quickly overtaking the Delta variant as the primary strain of new Covid-19 infections in the country. The top virologists in the country have revealed that 90% of new infections in Thailand now are of the Omicron variant which is much more contagious than earlier strains but also generally less severe than the Delta variant that had accounted for the vast majority of infections in Thailand since the pandemic began. Dr Yong Poovorawan, who is considered Thailand’s number 1 virologist as the head of Chulalongkorn University’s Centre of Excellence in Clinical Virology, said on Facebook that Omicron is likely now the dominant variant in Thailand now, as over 90% of positive Covid-19 tests are attributed to the strain. The CCSA confirmed yesterday that over 10,000 infections of the Omicron variant have been found in Bangkok alone since January 1st, the date that officials are using to mark the fifth wave of Covid-19 as the … [Read more...] about Omicron accounts for 90% of new infections in Thailand
Healthcare workers are pictured at a testing center for the coronavirus disease (COVID-19), in Buenos Aires, Argentina Jan. 6, 2022. (REUTERS/Agustin Marcarian/File Photo) BRASILIA — COVID-19 infections continue to accelerate in the Americas, reaching new peaks, with 7.2 million new cases and more than 15,000 COVID-related deaths in the last week, the Pan American Health Organization (PAHO) said on Wednesday. “The virus is spreading more actively than ever before,” said PAHO Director Carissa Etienne told a briefing. In North America, the United States and Canada continue to experience a surge of COVID hospitalizations. The Caribbean is witnessing the steepest increase in COVID infections since the start of the pandemic, the regional health agency said. ATM Subscribe to our daily newsletter … [Read more...] about COVID-19 spreading like never before in Americas, health agency warns
This is what has to stop in 2022: using American schools and students as a prop for hysterical posturing. We’ve distanced ourselves, masked ourselves and vaccinated ourselves. We’ve all done what was asked of us. We cannot be conditioned or acculturated to a new ethic of constant crisis. It’s not a crisis. It’s a radicalism of ruin. We need an exit ramp and then we need to exit — soon. My 19-year-old daughter attends a public university which shall remain nameless. She is double vaccinated, boosted and has had COVID. And yet to re-enter her dorm room following Christmas Break she was required to take a rapid test, then a PCR test, and even then, won’t have any in-person classes for at least two weeks. What are we doing? Enough! Stop scaring the children! So many of my colleagues and I are constantly haunted by the same question: what will these students sitting in our classrooms say about these COVID-19 years when they get older? Surely, they will remember the masks and the … [Read more...] about ADAMS: The Cruelties Being Inflicted On Children In The Name Of COVID ‘Safety’ Will Handicap A Generation Of Students
Kriengkrai Thiennukul, vice chairman of the Federation of Thai Industry The Federation of Thai Industries (FTI) is worried global oil prices may soar to US$100 a barrel, threatening to worsen the inflation rate and economic recovery, now struggling against the impact of Covid-19 in Thailand. The country is facing higher food prices, notably for pork, resulting from the supply shock. "The global crude oil prices look likely to approach $100 a barrel and we expect it to reach that level in the third quarter," said Kriengkrai Thiennukul, vice-chairman of the FTI. The FTI's concern stems from Goldman Sachs which has forecast that global oil prices may hit a new record high this year, with the possibility of reaching $100 a barrel. The federation is monitoring oil prices closely because their rapid increase will affect the industrial sector. There are currently 45 industries under the FTI. "Oil is the main operating cost in manufacturing. If its price keeps increasing, it … [Read more...] about FTI suggests oil price surge will hit recovery
The U.K. will no longer require face masks in certain situations, nor COVID-19 vaccine passports for large events, Prime Minister Boris Johnson announced Wednesday. The rules are set to begin next Thursday. Along with nixing vaccine passports for large events, schools will no longer be forced to impose mask mandates on students and masks will no longer be legally required in places of public accommodation, The Associated Press reported . The nation’s five-day self isolation requirement for the infected remains in place, but is reportedly expected to be lifted before its scheduled expiration March 24. With regard to compulsory face masks, Johnson said, “we will trust the judgment of the British people and no longer criminalize anyone who chooses not to wear one.” Johnson eased the restrictions, which were implemented in December around the time of a nationwide surge of Omicron cases, because scientists indicated that the highly contagious variant has already “peaked … [Read more...] about UK Lifts Almost All COVID-19 Restrictions
Share to Twitter Share to Linkedin On July 13, the Bureau of Labor Statistics (BLS) published the Consumer Price index for June of 2021. The results were not surprising to people who buy cars or drive them: used cars prices were through the roof (up 10.5% for the month) and gasoline prices were up 2.5% for the month. Overall, the all items index was at 5.4%. Other items were up around the board: food away from home was up 4.2%, beef was up 4.5%. Airline ticket were up 2.7% for the month after rising 7% in May. Used cars were off the chart (45.2% for 12 months), and new car prices were up 5.3% over 12 months. Motor vehicle insurance prices were up 11.2% over 12 months. And car and truck rental rose 87.7% year over year, which is really no big surprise considering the lockdown of 2020. To put this in perspective, this is a significant bump in inflation, the highest in almost 30 years. Fed Chair Jerome Powell testified in a House hearing on June 22, that … [Read more...] about Inflation: Sticky Or Slippery?
- A + A WASHINGTON (Jan 19): New US home construction unexpectedly strengthened in December to the fastest pace in nine months, led by apartment projects and suggesting builders found some success navigating shortages of materials and labour. Residential starts rose 1.4% to a 1.7 million annualised rate from a 1.68 million pace in November, according to government data released on Wednesday. For all of 2021, 1.6 million homes were started, a 15.6% surge from the prior year and the most since 2006. Applications to build, a proxy for future construction, jumped 9.1% to an annualised 1.87 million units in December, the highest since January of last year. Permits in 2021 surged 17.2% from the previous year. Home prices have surged over the last year as potential buyers compete for a very limited number of homes. Builders are racing to replenish inventory, but supply chain challenges, high commodities prices, and a lack of skilled workers have elongated … [Read more...] about US housing starts rise unexpectedly on multifamily building
Movie theater chain AMC Entertainment ( NYSE:AMC ) is a "meme stock," one of the most popular stocks on Reddit, and a badge of honor for retail investors after its massive short-squeeze price action last year helped the company avoid bankruptcy. It was an astonishing story that made headlines, but stories do end. Over the past several months, the market has been much harsher toward speculative and unprofitable stocks, and AMC has fallen steadily. It might be time for investors to prepare for the possibility that AMC becomes a penny stock, and here's why it could happen this year. Image source: Getty Images. How AMC survived lockdowns People couldn't go to the movies when lockdowns took hold in 2020 to prevent the spread of COVID-19. That was problematic for a movie theater chain -- revenue fell 77% from 2019 to 2020, totaling just $1.2 billion for the latter year. Losses piled up with business so slow, which put financial stress on the company, because it was losing … [Read more...] about Could AMC Become a Penny Stock in 2022?