Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.
In 1974 when Vice President Gerald Ford succeeded to the presidency after Richard Nixon resigned, the country was in a bad economic crisis. The Arab oil shocks of 1973 led to a 300% increase in the price of oil, which translated into inflation of more than 12%.
Alberta Premier Jason Kenney said the province is ready to move on to the next phase of its reopening plan on March 1, as the numbers of COVID-19 transmissions and hospitalizations “continue to decline rapidly.”
The Joint Committee on Vaccination and Immunization (JCVI), an independent group of experts who advise the UK’s government health departments on immunizations published a report on 16 February stating, ‘JCVI advises a non-urgent offer at two 10mcg doses of the Pfizer-BioNTech Covid-19 vaccine to children aged 5 to 11 years of age who are not in a clinical risk group.’
