Rise with India: What’s hot on December 24  |  Photo Credit: iStock Images
Prime Minister Narendra Modi declares a ‘high alert’ on Omicron – In a review meeting on Thursday, Prime Minister Narendra Modi instructed top officials coordinating India’s COVId-19 response to maintain a “high degree of monitoring and awareness at all levels.”
He urged the Centre to work closely with states to support their efforts in public health containment and management. Rajesh Bhushan, Union Health Secretary, asked States in a letter on Wednesday to put tight limits on people’s mobility if test positive and bed occupancy in their districts exceeded specified criteria.
Bitcoin surpasses $50,000 for the first time in over two weeks
Bitcoin surpassed $50,000 for the first time in over two weeks, as bullish investor optimism rippled through global markets ahead of the holidays.
In New York trade, the digital currency alternative rose as high as 3.5 percent to $50,781 before somewhat trimming gains.
Ether and Solana are two more altcoins that have risen in value.
China reports 87 new coronavirus cases December 23
South Korea reports 1,084 critical covid patients; 56 deaths
Due to an Omicron-linked crew shortage, United cancels over 100 flights – United Airlines Holdings Inc. announced the cancellation of more than 100 flights on Friday, the day before Christmas, due to manpower shortages caused by an increase in omicron Covid-19 infections. The increase in cases is hurting the availability of flight crews and ground employees on the day before Christmas, the airline stated in an email Thursday. (From Agencies)
Markets & Economy
Study on the impact of omicron pushed global markets higher; investors look past omicron
Study on omicron found that infected persons were 80% less likely to be hospitalized than if they caught another variant
All 3 US indices gained for a third day in a row with banking and tech gaining
The Dow gained 0.55%; gaining 1.6% through the week
The S&P 500 was up 0.62%; gaining 2.3% since Monday
Nasdaq rose 0.85%; rallying 3.2% this week
All European stocks closed in the green
European investors reacted to the news of lower risk of hospitalisation
Airline stocks were among the top performers
Asian indices continue their relief gains early on Friday
Taking a cue from global markets, Asian markets continue to rise on Friday
SGX Nifty also almost a half percent higher