Curve of COVID cases driven by Omicron variant 'much steeper' than previous waves, professor warns

Stocks Continue to Slip on Wall Street, Edging Closer to Bear Market

Stocks Continue to Slip , on Wall Street, , Edging Closer to Bear Market. On May 19, Wall Street saw stocks fall in early morning trading, worsening a slump experienced by major indexes. On May 19, Wall Street saw stocks fall in early morning trading, worsening a slump experienced by major indexes. ABC News reports that the drop comes as record-high inflation continues to weigh down the economy. ABC News reports that the drop comes as record-high inflation continues to weigh down the economy. The S&P 500 fell 0.4% and is down almost 19% from a record high set earlier this year. The S&P 500 fell 0.4% and is down almost 19% from a record high set earlier this year. ABC News reports that this is just one point shy of the 20% drop that defines a bear market. The Dow Jones Industrial Average dropped 0.9%, losing 279 points. Target lost an additional 3.6% just one day after losing a quarter of its value due to a weak profit report. . Investors have reportedly been spooked by rising interest rates, record inflation, Russia's war in Ukraine and strict COVID lockdowns halting China's economy. Investors have reportedly been spooked by rising interest rates, record inflation, Russia's war in Ukraine and strict COVID lockdowns halting China's economy. These fears have caused stocks in everything from major tech companies to traditional automakers to plummet. These fears have caused stocks in everything from major tech companies to traditional automakers to plummet. According to ABC, investors have been concerned that soaring inflation and energy costs will impact consumers' purchasing power. The Federal Reserve aggressively raising interest rates has also led to concerns that the U.S. central bank could cause a recession. The Federal Reserve aggressively raising interest rates has also led to concerns that the U.S. central bank could cause a recession

The EU's population has decreased partly due to COVID-19, latest figures show

The natural population change — the difference between live births and deaths — tanked in 2020 to -2.5, likely due in part to the pandemic which has claimed the lives of over a million people across the EU.

South Africa: NFT of Mandela's arrest warrant to fund saving museum

South Africa floods: President pledges more aid to rebuild communities

South Africa's deadly floods shine spotlight on housing crisis

The community of Nkanini informal settlements in Durban is one of the areas devasted by recent floods which saw about 87 homes damaged and others washed away.

South Africa floods declared national disaster, 48 still missing

South African military deployed to flood-ravaged province