The chief economic adviser for financial services firm Allianz warned that the new coronavirus variant Omicron could shake up the markets, exacerbate supply chain woes, amplify record-high inflation pressures — and possibly result in 1970s-style “stagflation.”
US President Joe Biden will apparently allow new leasing of federal lands for oil and natural-gas exploration, though with new restrictions and higher fees on producers, rather than fulfill a campaign promise to halt drilling.
The World Health Organization appeared to skip two letters in the Greek alphabet ("Nu" and "Xi") when it announced on Friday the name for the latest coronavirus variant ("Omicron"), which was first identified in South Africa.
Economist Ernst Wolff believes that a hidden alliance of political and corporate leaders is exploiting the pandemic with the aim of crashing national economies and introducing a global digital currency.
The Australian army has begun forcibly removing residents in the Northern Territories to the Howard Springs quarantine camp located in Darwin, after nine new Covid-19 cases were identified in the community of Binjari. The move comes after hard lockdowns were instituted in the communities of both Binjari and nearby Rockhole on Saturday night.
