United States:
BA.2 Variant Takes Hold in U.S. as New York Cases Start to Climb
“More than a third of last week’s U.S. Covid-19 cases were caused by the omicron BA.2 subvariant, a notable increase from a week earlier when the strain was estimated to account for just under one in four cases, according to the U.S. Centers for Disease Control and Prevention.”
Europe:
Sunak Cuts U.K. Taxes by £6 Billion to Fend Off Inflation Surge
“Rishi Sunak announced a 6-billion pound ($7.9 billion) tax cut for workers and signaled a future cut in income tax as he sought to shield ordinary Britons from a squeeze on living standards that’s been worsened by the war in Ukraine.”
Asia:
Singapore Core Inflation Cools While Acceleration Risks Loom
“Core inflation in Singapore cooled slightly last month but is expected to pick up further in the near-term, setting the stage for further policy tightening by the country’s central bank in the coming weeks. The core consumer price index tracked by the Monetary Authority of Singapore — which excludes private transport and accommodation costs — rose by 2.2% in February, below the median forecasts in a Bloomberg survey for a 2.6% increase and the 2.4% pace in January.”
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