Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.

Forex

The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Coronavirus

28 Dec 2021

Australia New COVID Cases Hit 11,264 as Omicron Outbreak Burdens Economy

The Index Today

On Tuesday, Australia recorded another record high in COVID-19 cases infections as an outbreak of the highly infectious Omicron variant - despite a vaccination rate of more than 90% for Australians aged over 16 and disrupted the reopening of the country’s economy, while state leaders argued over domestic border controls.

According to a Reuters calculation of state figures, the country reported 11,264 new cases of the coronavirus in the previous day. Surpassing its peak of a day earlier, as it grapples with a planned reopening while the new variant rages.

There were five COVID-19 deaths reported, taking the total fatalities to just over 2,200 since the start of the pandemic. Authorities did not specify whether any of the new deaths were related to the Omicron variant.

The Omicron variant, which medical experts say is more transmissible but less virulent than previous strains, began to spread in Australia just as the country got underway with plans to reopen for good after nearly two years of stop-start lockdowns.

The country's state leaders have brought back some COVID-19 strict measures like mandatory mask-wearing and QR code check-ins at public venues.

NSW Health Minister Brad Hazzard said a quarter of clinical tests in his state were "tourism tests" for asymptomatic people, bringing huge pressure of the health system, long testing queues and wait times of several days for results.

In one case, a Sydney testing clinic sent incorrect negative test results to 400 COVID-positive people, then prematurely sent 950 people negative results when 486 were actually positive. The bungle was the result of "human error, and when people are under pressure, human errors are more frequent", added by Hazzard.

He called on Queensland to scrap mandatory clinical tests immediately, rather than after Jan. 1 as planned, but the Queensland authorities said the policy was working.


©Photo: Jenny Evans / Getty

Clay pottery with table linens