Amid an unprecedented surge in the pandemic in the United States, driven by the Omicron variant, the overall death and infection rate caused by the coronavirus is reversing.
The weekly average of cases that continued to rise above 200 percent for the past few days has come down to 159 percent Wednesday, as per data compiled by the New York Times.
But the weekly average of Covid death toll, which has been showing a minus trend until two weeks ago, has increased by more than 50 percent.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.