Business Live: FTSE dives on fears of fresh Kovid transformation from six African countries; German growth slows; The gangs issued billions of ’emergency loans’
Aviation, oil, travel and bank stocks fell this morning as the FTSE 100 fell 3 percent on sales driven by fears of a fresh Kovid variant.
Shares that have been diluted by investors who carefully select shares that have benefited from the vaccine rally trade seen since the emergence of successful Covid Jobs a year ago.
Flights to the UK have been banned from South Africa and five other countries following a warning by Health Secretary Sajid Javid last night. Experts have explained that the B.1.1.529 variant has more than 30 variants – more than double the Delta variant it has ever recorded – indicating it may be more jab-resistant and transmissible than any previous version.
Statistics reveal that Germany’s recovery has begun before the fourth wave covers Kovid.
Meanwhile, in the UK, Kovid loans and support schemes have reportedly saved the economy, but they have also served as gigantic beehives for groups of fraudsters and chancers.
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The FTSE 100’s Biggest Index fell 3% to close at 9 am today.