Top government health officials on Sunday warned that the United States will probably see record numbers of coronavirus cases and hospitalizations as the omicron variant spreads rapidly and forces Americans to again grapple with the dangers of a pandemic that has upended life around the globe.“Unfortunately, I think that that is going to happen. We …
Shares and oil prices lower as Omicron fears hit European markets
London shares fell sharply today as the prospect of tighter Covid-19 restrictions over Christmas leads to more turbulence for European markets. The rapid spread of the Omicron variant and its impact on the global economic outlook has also weighed on oil, with Brent crude trading more than 3% lower at just above $71 a barrel.The …
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Oil prices drop 2% as rapid Omicron spread dims fuel demand outlook
Omicron threat looms over winter holidays in Europe and U.S. Netherlands enters lockdown U.S. drillers add oil and gas rigs for second week in a row SINGAPORE, Dec 20 (Reuters) – Oil prices slumped 3% on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that …
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Omicron has extraordinary transmissibility – Fauci
NIAID director Anthony Fauci told the CNN’s “State of the Union” Sunday that the U.S. will likely see record numbers of COVID-19 cases, hospitalizations and deaths in the weeks ahead due to the Omicron variant. The variant has been detected in 89 countries and experts are warning of a large winter surge due to the …
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UK may face ‘hundreds of thousands’ of COVID cases per day – report
Tougher restrictions may reportedly soon be introduced in the face of the rapidly-spreading Omicron variant, after experts warned there are likely already hundreds of thousands of new infections every day. Stricter measures could be imposed after Boxing Day, according to a report in The Sun newspaper, which said the contingency plan had not yet been …
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The Netherlands imposes new virus lockdown
LONDON (AP) — Nations across Europe moved to reimpose tougher measures to stem a new wave of COVID-19 infections spurred by the highly transmissible omicron variant, with the Netherlands leading the way by imposing a nationwide lockdown.All non-essential stores, bars and restaurants in the Netherlands will be closed until Jan. 14 starting Sunday, caretaker Prime …
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Dow tumbles 530 pts at close on tapering, virus worries
Major stock market benchmarks in the United States ended the session in the red on Friday, with the Dow Jones plunging more than 530 points amid worries regarding both the monetary policy and the spread of the Omicron variant of the coronavirus. Federal Reserve’s Christopher Waller and Mary Daly both expressed somewhat hawkish stances earlier …
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NY to require boosters for ‘fully vaccinated’ status
New York Gov. Kathy Hochul (D) announced during a press conference on Thursday that she is planning to introduce legislation that includes a booster shot within the definition of being “fully vaccinated.” While the Democratic governor noted that the legislation needed to be more fleshed out and required more data to be collected, she signaled …
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Joe Biden warns of ‘winter of death’ for the unvaccinated, with Omicron ‘here now and spreading’
Joe Biden issued a grim warning on Thursday as he said that unvaccinated Americans “will soon overwhelm” US hospitals and they will experience “a winter of severe illness and death”. “I want to send a direct message to the American people: Due to the steps we’ve taken, Omicron has not yet spread as fast as …
World coal power demand to hit new high after China, India, U.S. surge – IEA
SHANGHAI (Reuters) – Rising consumption in China, India and the United States could bring global coal-fired power demand to a new all-time high this year, undermining efforts to cut greenhouse gas emissions, the International Energy Agency (IEA) said on Friday.The IEA said global power generation from coal was expected to reach 10,350 terawatt-hours in 2021, …
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