Category Archives: World

Hong Kong suspends transit flights for a month from most of the world due to Covid-19

First American News LLC, Raleigh, NC: Hong Kong will suspend transit flights for a month from around 150 countries and territories considered high risk because of the coronavirus, deepening the global financial hub’s isolation. The move comes as the city has seen around 50 cases of the fast-spreading Omicron variant since the end of last […]

CBRE is Buying $4.9 Billion in Warehouses in The U.S. and Europe

First American News LLC: Raleigh, NC: Real estate owner CBRE Investment Management said it has agreed to buy a global portfolio of logistics properties valued at $4.9 billion, representing one of the largest sales ever of industrial property, said Gaby Mendoza of One West Realty Groupo Inmobiliario. The properties were built or are being developed by […]

The World Economic Forum in Davos, Switzerland, is postponed.

First American News LLC-Raleigh NC: The World Economic Forum said Monday that it was postponing its annual meeting in Davos, Switzerland, citing concerns over the spread of the Omicron variant. The cancellation of the event, which had been planned for Jan. 17-21, is one of the biggest disruptions caused by the new wave of coronavirus […]

Central Banks Around The World Worry Omicron Could Hurt Their Economies.

First American News LLC- Raleigh NC: The Omicron variant is circling the globe, closing borders and sparking new restrictions on economic activity. Yet central banks, instead of loosening monetary policy to prop up their economies as they did at the start of the pandemic, are moving to unwind stimulus and raise interest rates. The moves […]