North Korea has reported a massive surge in a mysterious “fever” outbreak, including almost two dozen additional deaths and tens of thousands of new cases. Kim Jong-un called the epidemic one of the greatest “turmoils” in the nation’s history. Health officials confirmed 174,440 “new cases of fever” nationwide and 21 …
Read More »US consumer prices spike even worse than expected
Prices of consumer goods continue to soar across America, the latest official print of the Consumer Price Index confirmed on Wednesday, showing price growth at 8.3% over the last 12 months as of April. This marks the eleventh straight month of inflation registering over 5% and exceeds the 8.1% expected by …
Read More »Trade body predicts who will suffer most from gas price spike
Prospects for the global economy have darkened since the outbreak of conflict in Ukraine, the World Trade Organization (WTO) said in a new report published on Tuesday. It has forecast that record-breaking prices for natural gas would hurt Europe the most. According to the report, the most immediate economic impact …
Read More »Anti-Semitic hate crimes spike to record high in European country
The Community Security Trust’s (CST) Antisemitic Incidents Report for 2021 found that anti-Jewish hate crimes hit the highest annual total ever recorded, with a 34% spike in cases. On Thursday, the antisemitism monitoring group reported 2,255 incidents, marking the first time it has recorded more than 2,000 cases in a …
Read More »UK govt seeks to spike ‘highly sensitive’ BBC spy story – reports
The UK government is reportedly seeking a gagging order to prevent the BBC airing a news segment that apparently identifies a spy working overseas. A secret High Court hearing is expected to be convened next week to listen to arguments on the “highly sensitive case,” according to The Telegraph. While …
Read More »Governor reveals if she plans to shut NYC down amid record spike in cases
After being asked whether she would encourage businesses to shut down to stop the spread of the variant, Hochul told MSNBC on Friday that the data shows Omicron “spreads quickly” but is “not as dangerous.” “So while primarily my number one goal is to protect the health of all New …
Read More »UN names threat that may cause global spike in prices
“The current surge in freight rates will have a profound impact on trade, and undermine socioeconomic recovery, especially in developing countries, until maritime shipping operations return to normal,” UNCTAD Secretary-General Rebeca Grynspan explained, as cited by Reuters. In its Review of Maritime Transport 2021, published on November 18, UNCTAD stated …
Read More »Eastern European nations facing sharp spike in Covid-19 cases, with low rates of vaccination undermining efforts to end pandemic
On Friday, Russian health officials announced that they had recorded the highest number of daily deaths from the virus since the start of the pandemic, with 1,163 people having passed away in the past 24 hours, taking the overall total to 236,220. Throughout October, the all-time record for mortality figures …
Read More »Gas prices in Europe spike on news of no extra transit through Ukraine
The price of October futures on London’s ICE jumped to $908 per 1,000 cubic meters after falling below $800 on Friday. The rally follows Russian energy giant Gazprom’s decision not to book additional capacity for the transit of natural gas through Ukraine for October. Ukraine’s gas transportation operator offered transit …
Read More »New crisis in Kiev: Ukraine’s inflation spike spells trouble for the embattled nation because of its dependence on foreign cash
That’s why it is important that last week, Ukraine’s Central Bank (NBU) announced that year-on-year consumer inflation now exceeds 10%, which has not happened since 2018. In Kiev, this has caused a notable stir in the news cycle. The station Espresso TV, for instance, dedicated a segment of its major …
Read More »