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  • Year-end cheer for South Africans as midnight curfew lifted Jan 01, 2022 11:35 AM IST

    Year-end cheer for South Africans as midnight curfew lifted

    On Thursday South Africa became the first country to say it believed it had passed the peak of a wave of coronavirus infections caused by the highly contagious Omicron variant.

  • India grows fastest among major economies, Omicron risks seen Nov 30, 2021 09:16 PM IST

    India grows fastest among major economies, Omicron risks seen

    India's Gross domestic product expanded 8.4% in the September quarter from a year earlier, statistics ministry data showed on November 30, in line with 8.4% growth predicted in a Reuters poll and compared with a 20.1% expansion in the previous quarter.

  • Dow Jones Futures off 2% after South Africa detects new coronavirus variant Nov 26, 2021 09:39 PM IST

    Dow Jones Futures off 2% after South Africa detects new coronavirus variant

    While London’s benchmark fell 3% and Tokyo lost 2.5%, Shanghai, Frankfurt, and Hong Kong also declined sharply.

  • Stocks, oil tumble on virus variant fears, safe havens gain Nov 26, 2021 09:26 PM IST

    Stocks, oil tumble on virus variant fears, safe havens gain

    Global stocks tumbled on November 26 and oil fell below $80 a barrel after news of a possibly vaccine-resistant coronavirus variant sent investors scurrying to the safety of bonds, the yen, and the Swiss franc.

  • Cryptocurrencies tumble as coronavirus variant shakes markets Nov 26, 2021 07:28 PM IST

    Cryptocurrencies tumble as coronavirus variant shakes markets

    Bitcoin has tumbled over 9%, dragging smaller tokens down, after the discovery of a new, potentially vaccine-resistant coronavirus variant saw investors dump riskier assets for the perceived safety of bonds, the yen, and the dollar.

  • Explainer | What we know about B.1.1.529 COVID-19 variant detected in South Africa Nov 26, 2021 05:39 PM IST

    Explainer | What we know about B.1.1.529 COVID-19 variant detected in South Africa

    Global authorities have reacted with alarm to a coronavirus variant detected in South Africa, with the European Union, Britain, and India among those announcing stricter border controls as scientists seek to determine if the mutation is vaccine-resistant.

  • WHO cautions against imposing travel restrictions due to new variant Nov 26, 2021 05:33 PM IST

    WHO cautions against imposing travel restrictions due to new variant

    "At this point, implementing travel measures is being cautioned against," WHO spokesman Christian Lindmeier told a UN briefing in Geneva. "The WHO recommends that countries continue to apply a risk-based and scientific approach when implementing travel measures."

  • Oil prices dive to two-month lows, spooked by new COVID-19 variant Nov 26, 2021 05:29 PM IST

    Oil prices dive to two-month lows, spooked by new COVID-19 variant

    Oil prices dived more than 5% on November 26, hitting a two-month low as a new COVID-19 variant spooked investors and added to concerns that a supply surplus could swell in the first quarter.

  • India to restrict travellers from South Africa, neighbouring countries amid rise of new COVID-19 variant: Report Nov 25, 2021 10:10 PM IST

    India to restrict travellers from South Africa, neighbouring countries amid rise of new COVID-19 variant: Report

    "This variant is reported to have a significantly high number of mutations, and thus, has serious public health implications for the country, in view of recently relaxed visa restrictions and opening up of international travel", said Rajesh Bhushan.