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WHO: Omicron risk could see travel curbs tighten

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The World Health Organization has released further information about the new variant of COVID-19, Omicron

The World Health Organization stated on Monday that the new Omicron COVID variant contained a high risk of transmission with the possibility of positive cases surging. While border closures by more countries across the world cast doubt over the economic recovery from the pandemic.

The world’s major airlines have acted swiftly to protect their hubs by curbing curbing passenger travel from Southern Africa where it’s understood the variant originated from. International carries are fearful that a spread of the variant may lead to further restrictions from other destinations – meaning not just immediately impacted regions.

The markets however have held strong, with airline stocks rebounding at the start of the week, following a decline on Friday – with investors panicking Omicron could see the global aviation sector shut down, again.

According to Reuters, U.S. Federal Reserve Chair Jerome Powell stated that the new variant muddies the outlook on inflation because prices could keep rising for longer than earlier thought.

The rise in COVID-19 cases and the emergence of the new variant “pose downside risks to employment and economic activity and increased uncertainty for inflation,” Powell said in testimony prepared for delivery on Tuesday to the U.S. Senate. Health-related concerns could “reduce people’s willingness to work in person, which would slow progress in the labor market and intensify supply-chain disruptions.”

President Joe Biden urges not to panic / Image: Supplied

BIDEN URGES NOT TO PANIC

U.S. President Joe Biden urged Americans not to panic, stating that the government was working with pharmaceutical companies like Pfizer and Moderna to make contingency plans if new vaccines were needed to fight the new strain.

The president confirmed that the country would not go back to lockdowns this winter – however did urge people to get vaccinated, get their booster shots and wear masks.

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Putin blames Trump election loss for Ukraine crisis

Putin claims Ukraine crisis stems from Trump’s 2020 election loss, expresses readiness for negotiations with the new US president.

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Putin claims Ukraine crisis stems from Trump’s 2020 election loss, expresses readiness for negotiations with the new US president.

Vladimir Putin stated that the Ukraine conflict could have been prevented if Donald Trump had won the 2020 election.

He described the ongoing war as a ‘crisis’ and expressed that the bloodshed in eastern Europe might not have occurred under a Trump presidency. Putin praised Trump as ‘smart and pragmatic’ and indicated his openness to negotiations concerning Ukraine.

Despite this, remarks from Putin’s Foreign Ministry criticized Western arms supply to Ukraine and questioned the legitimacy of the Ukrainian government.

Ukrainian President Volodymyr Zelensky’s office insisted that any peace talks would require European representation.

Trump had previously claimed he could resolve the war quickly if he had been president. Just after beginning his second presidential term, there have been no signs of an imminent resolution to the conflict.

He recently warned Putin of potential taxes and sanctions if Russia does not agree to peace talks.

Advisers suggested that military aid to Ukraine could be curtailed if Kyiv does not agree to a deal. Trump criticised Zelensky, implying that the Ukrainian leader should have prevented the war.

Political analysts doubt Trump’s ability to end the conflict swiftly, highlighting Russia’s advantageous position in negotiations. However, some in Ukraine remain cautiously optimistic that a Trump presidency could offer a better alternative to the current situation under President Biden.

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President Trump addresses World Economic Forum with bold economic vision

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In a virtual appearance at Davos, Trump outlines his aggressive economic agenda and fields questions from global business leaders.

President Donald Trump delivered his first major international remarks since returning to the White House earlier this week, addressing the World Economic Forum (WEF) in Davos, Switzerland, via satellite.

Speaking to an audience of global leaders and business executives, Trump outlined a bold economic agenda focused on revitalizing American industry, reducing regulatory barriers, and prioritizing domestic production.

During his address, Trump highlighted his administration’s commitment to creating jobs, reducing trade deficits, and renegotiating international trade agreements to benefit American workers.

“We are ushering in a new era of economic strength,” Trump declared, adding that his policies will be aimed at securing the United States’ position as a global leader in innovation and manufacturing.

Following his speech, Trump joined a panel to field questions from international business leaders.

Topics included his vision for energy independence, the role of technology in driving economic growth, and how the U.S. plans to engage with allies on trade and security.

Trump said his administration’s willingness to partner with nations that share a commitment to economic fairness and mutual prosperity.

While the address was met with some skepticism from European leaders, who expressed concerns about the impact of Trump’s trade policies, business leaders praised his focus on deregulation and infrastructure investment.

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Trump tells Putin to end ‘ridiculous war’

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President Trump warns Russia of sanctions and tariffs to push for Ukraine peace

President Donald Trump has issued a stern warning to Russia, vowing to impose significant tariffs and additional sanctions if President Vladimir Putin does not take immediate steps to end the ongoing war in Ukraine.

Writing on his social media platform Truth Social, Trump asserted that a resolution to the conflict would not only benefit Ukraine but would also serve Russia’s interests, calling the potential outcome a “very big favor” to Moscow.

The Kremlin has responded cautiously to Trump’s statements, with spokesman Dmitry Peskov reiterating Russia’s openness to “mutually respectful dialogue.”

However, he dismissed the warnings as consistent with the rhetoric Trump employed during his first term. Russian President Putin continues to demand recognition of Moscow’s territorial gains in Ukraine, a condition Kyiv refuses to accept.

Meanwhile, Ukrainian President Volodymyr Zelensky, reiterated the critical role of the United States in any peacekeeping effort.

Speaking at the World Economic Forum, Zelensky suggested that a peacekeeping force, including U.S. troops, would be essential to deterring Russian aggression and securing long-term stability.

“It can’t be without the United States,” Zelensky stated, underlining his belief in America’s leadership on the global stage.

As negotiations remain at a standstill, Trump’s proposed measures could intensify pressure on Moscow.

However, analysts caution that any significant shift will depend on the willingness of all parties to engage in constructive talks, with the U.S. playing a pivotal role in shaping the outcome.

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