By Reuters staff, published by Channel NewsAsia Sydney – Global Covid-19 infections hit a record high over the past seven-day period, Reuters data showed on Wednesday (Dec. 29), as the new Omicron variant raced out of control, keeping workers at home and overwhelming testing centres. Almost 900,000 cases were detected on average each day around
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UK Covid deaths surpass Great Plague, Aids pandemic and every terror attack and war since 1945 combined
The number of Covid-19 deaths in the UK has surpassed the combined death toll of the Great Plague, the Aids pandemic and every single terror attack and war since 1945. The UK recorded a further 1,631 deaths from coronavirus on Tuesday, taking the official tally above 100,000. The actual number is expected to be much higher when all excess
Read moreUS home prices climb to record in pandemic as buyers seek space
By Associated Press, published by Fox Business New York — A renter most of his adult life, Clarence Swann became fearful that landlords would use the coronavirus pandemic as an excuse to gouge their tenants. So, with a desire to move near family, the retired veteran bought his first home last month at the age
Read moreGold eyes US$2,000 mark in speedy record-breaking run
By Reuters, published by Channel NewsAsia London/Bengaluru: Gold’s record rally is moving tantalisingly close to the psychologically key US$2,000 level, powered by investors seeking cover from Covid-19’s global economic toll, as reflected in dollar weakness, faltering stocks and US-China trade tensions. Spot gold prices have surged 53% in the last 14 months, blowing past 2011’s
Read moreUK economy in record slump due to coronavirus
By Elliot Smith, CNBC THE UK posted the biggest monthly fall in GDP (gross domestic product) on record in April, according to the Office for National Statistics. GDP fell by 20.4% compared to the previous month, a sharper contraction than the 18.4% expected by analysts polled by Reuters. This represented a 24.5% decline from April
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