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Global shares slammed by fears over new COVID variant, Dow futures lose 900 points, South African rand hits one-year low

1 day ago   |   By

The Pfizer-BioNTech COVID vaccine. Jennalynn Fung
Global equities tumbled Friday after a new variant of COVID-19 that could prove more transmissible emerged in South Africa.
The South African rand plunged to a one-year low against the dollar, while safe havens such as gold and the Swiss franc soared.
Dow Jones futures fell by 900 points, suggesting a drop at the start of trade in the holiday-shortened session later.
Global shares tumbled Friday after the emergence of a new COVID-19 variant sent investors fleeing riskier assets, driving the South African rand to a one-year low, and lifting...
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Foreign airlines remain uncertain on Queensland reopening

Foreign airlines remain uncertain on Queensland reopening

1 day ago   |   By

A number of industry bodies have again warned that foreign airlines may not be interested in returning to Queensland in the near future, given the uncertainty of COVID-19 border restrictions.
The Board of Airline Representatives of Australia, and Brisbane Airport both argued that airlines will struggle to plan the reinstatement of international routes to the Sunshine State without greater clarity on the state's planned reopening.
According to the aviation bodies, airlines need to know in advance an exact date for the international reopening to Queensland, as well as quarantine and testing...
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UK Warning: Storm Arwen set to hit 80mph winds

UK Warning: Storm Arwen set to hit 80mph winds

1 day ago   |   By

Powerful storm Arwen is set to move in across the UK later. It is bringing 75mph winds and warnings of travel disruption and damage to buildings.
The Met Office has issued an amber wind warning for parts of northeast England and Scotland from this afternoon until Saturday morning.
Flying debris leading to injuries or danger to life is “likely” with people also told to expect damage to trees and buildings, public transport cancellations, road and bridge closures, power cuts and large waves.
The yellow wind warnings are also in place across most western parts of the UK, extending to the rest...
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UK urgently brings travel restrictions to stop COVID-19 spreading

UK urgently brings travel restrictions to stop COVID-19 spreading

1 day ago   |   By

Britain is bringing in travel restrictions for six African countries due to a new COVID-19 variant.
Health Secretary Sajid Javid tweeted that UKHSA is investigating a new variant. More data is needed but they are taking precautions now.
Six African countries will be added to the red list, flights will be temporarily banned, and UK travellers must quarantine.
The flights from South Africa, Namibia, Lesotho, Botswana, Eswatini and Zimbabwe will be suspended from 12pm today until 4am on Sunday.
From Sunday onwards, new arrivals in the UK will be required to quarantine in hotels.
Mr Javid said...
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