Overseas Headlines – January 10, 2022

United States:

Omicron Absenteeism Poses Fresh Test to U.S. Economic Strength

“With the omicron wave of the pandemic rapidly spreading across the U.S., the robust economic recovery is facing a new threat that policymakers have little control over: people calling in sick.”



Europe Fears Economic HitIf Russia Is Sanctioned Heavily

“Concern among some big European nations about economic fallout raises the risk of a split with the U.S. on how strongly to hit Russia with fresh sanctions if it invades Ukraine, according to people familiar with the matter.”



Japanese Households Cut Spending Even Before Omicron Hit

“Japanese household spending fell in November for the first time in three months, a sign of unexpected fragility in consumption even before the omicron variant of the virus started to spread.”



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