FACTBOX-Latest on the worldwide spread of the coronavirus

* The world may be edging toward a global recession as central banks across the world simultaneously hike interest rates to combat persistent inflation, the World Bank said on Thursday. * U.S. retail sales unexpectedly rebounded in August as Americans ramped up purchases of motor vehicles and dined out more amid lower gasoline prices, but demand is cooling as the Federal Reserve aggressively raises interest rates to fight inflation.


Reuters | Updated: 16-09-2022 11:23 IST | Created: 16-09-2022 11:17 IST
FACTBOX-Latest on the worldwide spread of the coronavirus
Representative image Image Credit: ANI

Two COVID-19 antibody therapies are no longer recommended by the World Health Organization (WHO), on the basis that Omicron and the variant's latest offshoots have likely rendered them obsolete. DEATHS AND INFECTIONS

* Eikon users, click on COVID-19: MacroVitals for a case tracker and summary of news. https://amers2.apps.cp.thomsonreuters.com/cms/?navid=1775942723 ASIA-PACIFIC

* Taiwan is eyeing an earlier end to its mandatory quarantine for all arrivals and has been making relevant preparations, Premier Su Tseng-chang said on Friday, as the government continues to ease controls put in place to contain the spread of COVID-19. * China reported 986 new COVID-19 infections on Sept. 15, of which 161 were symptomatic and 825 were asymptomatic, the National Health Commission said on Friday.

EUROPE * Demand for booster vaccinations against COVID-19 is low in Germany, the association of general practitioners said on Thursday, with some patients waiting for a booster designed to combat the currently circulating Omicron BA.4/5 subvariants.

* Chinese leader Xi Jinping stayed away from a dinner attended by 11 heads of states at a regional security summit in line with his delegation's COVID-19 policy, a source in the Uzbek government told Reuters on Friday. MIDDLE EAST AND AFRICA

* The COVID-19 pandemic is still a threat on the African continent given low vaccination rates, the acting director of the Africa Centres for Disease Control and Prevention (Africa CDC) said on Thursday. ECONOMIC IMPACT

* China's economy showed surprising resilience in August, with faster-than-expected growth in factory output and retail sales shoring up the recovery from the effects of COVID and heatwaves, but a deepening property slump weighed on the outlook. * The world may be edging toward a global recession as central banks across the world simultaneously hike interest rates to combat persistent inflation, the World Bank said on Thursday.

* U.S. retail sales unexpectedly rebounded in August as Americans ramped up purchases of motor vehicles and dined out more amid lower gasoline prices, but demand is cooling as the Federal Reserve aggressively raises interest rates to fight inflation. * Asian markets were weaker on Friday as investors braced for a U.S. rate hike next week amid growing concerns of a global recession following warnings from the World Bank and the International Monetary Fund.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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