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.”
South Africa's medical chief says recent travel bans represent a "storm in a teacup" and that the country has only recorded "very mild cases" of the new strain.
Three quarters of individuals in a recent poll believe that the nation will likely face an economic recession during the next 12 months, The Hill reported, citing a Hill-HarrisX survey which found that 33% view a recession as "very likely," while 42% think that a recession is "somewhat likely."
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.
'I think it's time for us to draw a line in the sand,' said Oroville Vice Mayor Scott Thomson, who had the idea to create a 'Constitutional Republic City.'
Ever since the Democrats took the White House, Washington and Budapest have been drifting ever further apart. But Biden needs to accept that just because Orban disagrees with him doesn’t mean he’s ‘undemocratic’.
US President Joe Biden said on Friday that he is not concerned about the plunge in the US stock market and he had expected it over concerns related to the new Omicron coronavirus variant."I expected it," Biden told reporters when asked if he is worried about the stock market plunge.
South Africa's Health Minister Joe Phaahla said the move to place travel restrictions on the country amid fears over the new COVID-19 variant is "unjustified" at a media briefing on Friday, CNBC reported.
