Economists are downgrading their global economic growth forecasts for Q1 2022, due to diminished economic returns in December, as businesses and customers struggle with the sudden spread of the Omicron variant. Analysts had anticipated that a winter wave of COVID would lead to a downturn in Q1 2022, but many were caught off guard by the…
Omicron Fears Lower Winter 2022 Economic Growth Forecasts as Variant Spreads
Provinces Debate Allowing COVID-19 Positive Health Care Workers to Remain on the Job
As daily updates resume after pausing for the holiday weekend, provinces are considering following Quebec’s lead in letting health care personnel who have tested positive for COVID-19 to continue working out of fear of eroding the ability of health care institutions to treat their patients. Quebec’s Minister of Health Christian Dube announced on Dec. 27…
Scots Urged Not to Evade COVID-19 Rules by Celebrating New Year in England
The Scottish government has warned people not to evade the region’s more stringent COVID-19 rules by travelling to neighbouring England for New Year celebrations. Scotland’s Deputy First Minister John Swinney said on Dec. 29 that it would be the “wrong course of action” for Scottish residents to mark Hogmanay—or New Year—on the other side of…
Federal Minister Contracts COVID-19 Despite Three Vaccinations
Federal Labour Minister Seamus O’Regan confirmed on Dec. 27 that he tested positive for COVID-19, despite previously receiving three vaccine doses. O’Regan wrote on Twitter that, following the diagnosis, he will remain in isolation and follow public health guidelines. The minister said that he is “grateful” for having received three vaccine doses, while thanking “the…
Labour Minister Seamus O’Regan Contracts COVID-19
Federal Labour Minister Seamus O’Regan confirmed on Dec. 27 that he tested positive for COVID-19. O’Regan wrote on Twitter that, following the diagnosis, he will remain in isolation and follow public health guidelines. The minister said that he is “grateful” for having received three vaccine doses, while thanking “the thousands of health care workers” who…
US Airlines and Travel Industry Takes a Hit as Rising Omicron Cases Disrupt Travel Plans
U.S. travel stocks took an initial hit on Dec 27, but recovered most of the losses on Dec. 28, amid a surge in Omicron cases that is affecting the airline, casino, and cruise industries. A spike in Omicron cases, staff shortages at airlines, and weather-related problems forced the latest round of massive flight cancellations, leaving travelers stranded across…
US Airline Stocks Claw Back Losses From Omicron Travel Hit
U.S. travel stocks took an initial hit on Dec 27, but recovered most of the losses on Dec. 28, amid a surge in Omicron cases that is affecting the airline, casino, and cruise industries. A spike in Omicron cases, staff shortages at airlines, and weather-related problems forced the latest round of massive flight cancellations, leaving travelers stranded across…
Goldman Sachs Asks Employees to Get Booster Shots to Enter Offices
December 28, 2021
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Goldman Sachs has informed U.S. employees who are returning to offices they will have to get a COVID-19 booster shot, if eligible, by Feb. 1 in order to enter company premises as Omicron spreads throughout the country, while New York registers one of the highest infection rates. Workers must also get tested twice a week…
Omicron Disrupts New York City Subway Services
December 28, 2021
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New York City subway services will be curbed starting this week as another wave of COVID-19 infections hits the city resulting in rescheduled stops, longer passenger waiting times, and staff shortages. “This Monday through Thursday, trains will run less frequently than usual,” said the Metropolitan Transportation Authority (MTA) in a tweet on Monday. “Like everyone…
‘We’re Going to Have Your Back,’ Biden Tells Governors as Omicron Cases Rise
December 27, 2021
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President Joe Biden told U.S. governors that his administration will do everything it can to assist their efforts to mitigate the rapid spread of the Omicron variant of the CCP (Chinese Communist Party) virus. “My message to the governors is simple: if you need something say something, and we were going to have your back…
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