IBT Staff Reporter

20161-20190 (out of 154954)

Hong Kong "overwhelmed" As COVID Infections Hit Record

The latest wave of COVID-19 infections has "overwhelmed" Hong Kong, the city's leader said on Monday as daily cases surged by some 20 times over the past two weeks, leaving hospitals short of beds and struggling to cope.

Stocks Skittled By Ukraine Fears, Oil Scales 7-year Peak

World shares skidded on Monday as warnings that Russia could invade Ukraine at any time drove oil prices to seven-year peaks, belted the euro and sent investors scuttling back to the safe-haven government bonds they have been dumping all year.

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