Turkey suspends stock trading, France makes vaccination compulsory for restauran

[OZER]

Today's top headlines:

UK reports record of more than 93,000 daily Covid cases

BoJ to wind down pandemic funding but keep loose monetary policy in face of Omicron

Ireland imposes new curbs on restaurants and indoor events

Cases in South Africa's Omicron outbreak region show signs of easing

JPMorgan to pay $200m over staff messages on personal devices

Turkey suspends stock trading as currency strain spreads through markets
Tommy Stubbington and Adam Samson

Turkey's main stock exchange halted trading on Friday after the country's currency crisis, already stinging bonds, spread to equities.

Borsa Istanbul announced a temporary so-called circuit breaker after its main BIST 100 index fell 5 per cent. After trading resumed the benchmark was more than 8 per cent lower. The selling came as the Turkish currency fell a further 7 per cent to a fresh all-time low of more than 17 to the US dollar, and a day after the country's central bank once again lowered interest rates despite an annual inflation rate of more than 20 per cent.

The lira has halved in value so far this year following a series of rate cuts, as president Recep Tayyip Erdogan — who rejects the economic orthodoxy that high interest rates rein in inflation — exerts increasingly close control over the central bank.

"The central bank has totally lost control," said Timothy Ash of BlueBay Asset Management.

The stock exchange also said it had halted repo transactions in Turkish bonds as prices extended their recent decline. The yield on Turkey's 10-year bond rose by 0.3 percentage points on Friday to 21.5 per cent.


US CDC recommends frequent testing strategy to help students stay in school during Covid
Peter Wells in New York

The top US public health agency announced new options based on more frequent Covid-19 testing to help students stay in school in the event of exposure to the virus.

The Centers for Disease Control and Prevention on Friday highlighted the use of "test-to-stay" strategies schools could use to minimise absenteeism and learning loss, which can occur if children have to undertake the traditional practice of quarantining at home.

The agency's new options were based on studies undertaken in two separate communities at schools that already have prevention strategies (namely mask-wearing) in place and students were unvaccinated.

Under the test-to-stay strategy at these schools, close contacts of a positive Covid-19 case were monitored for symptoms and stayed home if they became ill. Those without symptoms were subject to regular testing.

Regular testing of exposed students needs to take place "at least twice" during the seven days after a child has been exposed, Rochelle Walensky, CDC director, said on Friday. "If exposed children meet certain criteria and continue to test negative, they can stay in school instead of quarantining at home," she said during a press briefing of the White House's coronavirus task force.

The CDC over summer laid out recommended health and prevention strategies, including mask-wearing and distance between desks, for schools to follow in an effort to help students return to in-person learning when the new academic year began months ago.

The US has averaged about 119,000 new Covid-19 cases a day over the past seven days, a 7 per cent increase from a week ago, Walensky said. Hospital admissions, averaging 7,800 a day, are up 4 per cent from a week earlier and the seven-day average of deaths has risen 8 per cent from a week ago to 1,200.

At least 39 states in the US have now confirmed cases of the new Omicron variant of coronavirus.

[ontine]

Really well done.

[laborious]

 is FUD, squeeze season is close they want you out of your AMC GME shares shorts havent closed positions.

[captainvenom11]

Fire job Biden

[elfnexx]

At least we dont have a racist Russian kgb spy in the White House am I right?

[terfel]

The Fed caused inflation and are reluctant to do anything about it now.

[titanickid47]

This is price gauging, not inflation. This is an issue supply and demand.  Supply changes are always difficult to master and it is hard to meet the demand.

[instigation]

The 'crisis' won't stop until they usher in that chip if ya know what I mean.

[frivolity]

Im working worldwide for god servant thats it

[zazer101]

I'm broke, not buying anything. I'm a patriot and doing my part

[Xenos]

I guess who made this  is the smartest of the litter

[Pilot]

Housing is a thing. Its a necessity. Now: Lumber is a thing. Its a necessity.

[The_URRU_]

So you need to buy Bitcoin . Bitcoin is the future

[mischam1216]

#ELONCOIN #DOGELONMARS

[briancoyle]

We want low prices, but we dont want our products produced in China (where there is cheap labor). We want a low priced cake, from a high paid American baker, and we want to EAT IT TOO!