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Europe locks up amid Covid-19 surge

Countries across Europe are imposing restrictions on social life during the holiday season in response to a growing number of Covid-19 cases. The authorities fear hospitals could be overwhelmed by Omicron-variant patients. French Prime Minister Jean Castex announced on Monday a series of new measures aimed at curbing the spread …

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US warned about impending ‘enormous surge’ of Covid cases

New data released by the Institute for Health Metrics and Evaluation (IHME) at the University of Washington’s School of Medicine warns the US could see a peak of 2.8 million new infections per day. “We are expecting an enormous surge in infections,” said IHME director Dr Chris Murray, due to …

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Coffee prices to surge amid bean shortage

“According to market players, retail coffee will rise in price by 20-30%. At the same time, the maximum price increase will be for the cheaper varieties… up to 40%,” Russia’s Izvestia newspaper warned. According to analysts, major exporters may simply not have enough beans to supply the caffeine-thirsty market. Brazil has …

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Exports of Russian aluminum see tenfold surge in July

In physical terms, the July exports reportedly exceeded three million tons. Earlier this year, the Russian authorities imposed a 15% tax, or a minimum of $254 per ton, on aluminum exports between August and December. The tariffs also target foreign sales of ferrous and non-ferrous (copper, nickel, aluminum) metals and …

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Russia’s Gazprom ramps up production as gas exports surge

The gas producer said its output totaled 337.2 billion cubic meters, marking a year-on-year growth of 17.9%, according to the company’s report, released earlier this week. At the same time, natural gas exports outside the former Soviet Union saw an increase of 19.4% to 131.3 billion cubic meters. Supplies of …

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EU removes US from safe-travel list due to Covid-19 case surge

Monday’s announcement by the European Council amounts to a recommendation to the bloc’s 27 member states, which technically retain sovereignty over their own borders. It reverses the June recommendation to ease restrictions on US travelers. The EC updates its travel recommendations every two weeks, based on Covid-19 infection levels. To …

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