World updates

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Global stock markets suffered their worst day for months yesterday as the resurgence of the Covid-19 Delta variant forced a rethink about the outlook for growth.

In England, yesterday’s so-called Freedom Day was overshadowed by a humiliating U-turn for prime minister Boris Johnson who was forced to self-isolate after coming into contact with his health minister who contracted the virus.

Infection rates are also rising in the US just as the inoculation campaign loses momentum, raising the risk that new restrictions may be needed to prevent healthcare services becoming overwhelmed.

Stocks sensitive to the economic recovery were hardest hit….

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