Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Economics vs. Virus: Why India won’t enter a lockdown

Published

on

Authorities in India are hesitant to declare a national lockdown despite COVID-19 cases rising, with hundreds of thousands of new cases per day.

Leading industry bodies have urged the government to curb economic activity to save lives.

The billionaire president of the Confederation of Indian Industry says a ‘maximal response measure at the highest level is called to cut the transmission links.’

The surge in cases has overwhelmed India’s healthcare system.

However, building healthcare infrastructure will take time: something the nation doesn’t have.  

The Indian government is concerned that a nationwide lockdown will have a devastating impact on the economy. Indian Health Officials say they’re concerned a lockdown will lead to job losses, particularly impact migrant labor.

India has also recorded over 3700 deaths in the past 24-hours.

US Infectious disease expert Dr Anthony Fauci recommended a lockdown for India.

“Lock down so that you wind up having less spread. No one likes to lock down the country. … But if you do it just for a few weeks, you could have a significant impact.”

U.S. infectious disease expert Anthony Fauci

“This virus has shown us that if left to its own devices, it will explode in society,” Fauci said in an interview with Indian Express newspaper. “If you don’t respect its ability to cause serious damage, you are going to get into trouble.”

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

US government reopens amid unresolved political divisions

US government reopens after record shutdown, yet deep political rifts and funding uncertainties linger

Published

on

US government reopens after record shutdown, yet deep political rifts and funding uncertainties linger

In Short:
– U.S. government reopens after 43-day shutdown, causing disruption and unpaid federal workers.
– Political divisions persist, with unresolved issues and nearly equal blame for the shutdown on both parties.
The U.S. government is set to reopen following the longest shutdown in history, lasting 43 days.

This shutdown disrupted air travel and food assistance, leaving over 1 million federal workers unpaid.Political divisions remain despite the funding package allowing the government to resume operations. Republican President Donald Trump’s administration continues to challenge Congress on financial matters, and unresolved health subsidies remain a key issue.

Discontent within the Democratic Party is evident, as moderates and liberals disagree on how to handle Trump’s presidency.

Banner

Federal employees affected by the shutdown will receive back pay, with payments expected to be completed by Wednesday. While Trump’s administration previously threatened to withhold pay, there are no current indications of this. The deal reached ensures that federal jobs safeguarded during the shutdown are maintained.

Air Travel Normalises

Air traffic is returning to normal after significant disruption during the shutdown.

The Department of Homeland Security announced bonuses for security screeners who worked extra shifts. State funding for food aid programs will be restored shortly, assisting millions of Americans dependent on these resources.

Polling reveals nearly equal blame for the shutdown is placed on both political parties. Upcoming funding decisions pose the threat of repeating the shutdown cycle as concerns about national debt persist.


Download the Ticker app

Continue Reading

News

Markets brace as U.S. government reopens ahead of key Fed signals

U.S. government funded through January; traders anxious amid economic data delays and potential December rate cut.

Published

on

U.S. government funded through January; traders anxious amid economic data delays and potential December rate cut.


The U.S. government is funded through January, averting another shutdown for now, but economic data delays and shifting Fed expectations are keeping traders on edge.

Markets now price in a 64% chance of a December rate cut as officials deliver crucial speeches this week.

#USMarkets #FederalReserve #GovernmentShutdown #InterestRates #USEconomy #WallStreet #Inflation #Treasury #FinanceNews #GlobalMarkets


Download the Ticker app

Continue Reading

News

Starmer under strain as leadership rumours grow

Keir Starmer faces internal pressure and speculation of a leadership challenge ahead of the crucial Autumn Budget.

Published

on

Keir Starmer faces internal pressure and speculation of a leadership challenge ahead of the crucial Autumn Budget.


UK Prime Minister Keir Starmer faces mounting internal pressure amid talk of a leadership challenge and economic strain ahead of the Autumn Budget.

Chancellor Rachel Reeves’ looming tax decisions and Starmer’s sinking approval ratings are fuelling speculation across Westminster.

#UKPolitics #KeirStarmer #LabourParty #RachelReeves #AutumnBudget #LeadershipChallenge #BritishPolitics #Westminster #Economy #UKNews


Download the Ticker app

Continue Reading

Trending Now