The Biden administration and the European Union ban travel from countries in southern Africa as scientists warn of a new variant of the CCP (Chinese Communist Party) virus, officials familiar with the new variant explain what makes it unique, and we hear from shoppers on the hunt for Black Friday deals.
NTD Business Full Broadcast (Nov. 26)
A new virus variant emerges, first detected in South Africa. Countries ban travel from the area while scientists gauge the danger. And that potential danger is spooking Wall Street. A market sell-off occurred Friday, with the Dow posting its biggest single-day drop this year. But shoppers weren’t deterred, back on the hunt for Black Friday deals.
NTD News Today Full Broadcast (Nov. 26)
A new virus variant in South Africa is raising concerns. Some countries are already banning travel. The World Health Organization is researching its effects. And it’s not yet clear if current vaccines are effective against the variant. Some tourists are already canceling their travel plans due to stricter border controls. The State Department might be…
New CCP Virus Variant Confirmed in Belgium, First Case in Europe
Belgium confirmed that a new CCP (Chinese Communist Party) virus variant has been detected in the country, according to health officials. It is the first known case of the new variant in Europe. The variant—which was first detected in South Africa and has been named B.1.1.529—was identified in a tourist returning to Belgium from Egypt on…
Money Markets Scale Back ECB Rate Hike Bets on Coronavirus Variant Worries
LONDON—Euro zone money markets on Friday scaled back bets on a rate hike from the European Central Bank next year as news of a new coronavirus variant spreading across South Africa cast a shadow over the short-term economic outlook. Money market futures were pricing in roughly a 50 percent chance of 10 basis point rate…
Oil Prices Drop to 2-month Lows as New COVID-19 Variant Puts Markets on Edge
Oil prices plunged more than 5 percent in early trading on Nov. 26, hitting a two-month low as the emergence of a new COVID-19 variant spooked investors, driving down risk assets like stocks and pushing up havens like gold and bonds. Brent crude, the global benchmark, fell 5.8 percent to $77.49 a barrel by 6:43 am…
Risk Assets Sink as New COVID-19 Variant Fears Spark Rush to Safe Havens
Overnight headlines about the emergence of a new COVID-19 variant in South Africa seem to have spooked investors, with a risk-off pulse sending global shares and U.S. stock futures tumbling, and safe-havens like U.S. Treasurys and gold benefiting from the outflows. Asia stocks outside Japan slid over 2 percent, Europe and U.S. stock futures are…
Newsom Again Pushes COVID Shots, But No Vaccine Passports Planned
LONG BEACH, Calif.—While saying California has one of the best COVID-19 vaccination rates in the country, Gov. Gavin Newsom said July 21 the rate remains too low, and he blamed “right-wing” pundits for spreading misinformation and contributing to vaccine hesitancy. He also insisted the state has no plans to institute a “vaccine passport” system, again…
COVID Surge: LA County Residents Again Ordered to Wear Masks Indoors
LOS ANGELES, Calif.—In the face of steadily increasing COVID-19 infections and hospitalizations, Los Angeles County residents will again be required to wear masks in indoor settings beginning July 17, health officials announced. County Health Officer Dr. Muntu Davis said on July 15 that the county is “not where we need to be” in terms of…
Taiwan Reports First Domestic Case of Delta COVID-19 Variant
TAIPEI—Taiwan reported its first domestically transmitted case of the highly contagious Delta variant of the coronavirus on Saturday, tightening controls in a southern part of the island where the cases have occurred. Taiwan is battling a cluster of domestic infections, almost all of them due to the previously globally dominant Alpha variant, though numbers are…
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