LONDON—Oil prices were steady on Wednesday as fears of tight supply were offset by COVID-19 concerns after Singapore suspended quarantine-free travel and Australia renewed its vaccination push due to a surge in Omicron variant cases. U.S. West Texas Intermediate (WTI) crude futures were unchanged at $71.12 a barrel at 1250 GMT after jumping 3.7 percent…
AstraZeneca, Oxford Aim to Produce Omicron-Targeted Vaccine
AstraZeneca Plc said on Tuesday it is working with Oxford University to produce a vaccine for the Omicron coronavirus variant, joining other vaccine-makers who are looking to develop the variant-specific vaccine. “Together with Oxford University, we have taken preliminary steps in producing an Omicron variant vaccine, in case it is needed and will be informed…
Natural Immunity Likely Contributing to Lower Hospitalization Rate in South Africa Amid Omicron Surge: Studies
A high immunity among South Africans that stems primarily from prior infection is likely a contributing factor to the lower hospitalization rate the country has recorded amid the surge in COVID-19 cases after the Omicron variant of the CCP (Chinese Communist Party) virus became dominant, according to a pair of new studies. COVID-19 infections in South Africa…
Passengers up to 3 Times More Likely to Contract Omicron on Flights Than Delta Variant: Medical Adviser
Aircraft passengers are up to three times more likely to contract the Omicron variant of the coronavirus compared to the Delta variant, a top medical adviser to the world’s airlines said on Tuesday. David Powell, physician and medical adviser to the International Air Transport Association, told Bloomberg that the relative risk of contracting the Omicron variant of the virus…
Wall Street Set for Mixed Open as Investors Weigh Up Omicron Impact
LONDON—European shares edged higher on Wednesday and U.S. stock futures pointed to a mixed open for Wall Street, as more countries announced restrictions to reduce the spread of the Omicron variant but investors bet that the impact would be limited. Europe’s STOXX 600 was up 0.1 percent on the day 1232 GMT and the MSCI…
Futures Little Changed Amid Lingering Omicron Worries
U.S. stock index futures struggled for direction on Wednesday, cooling off after a day-earlier rally, as worries lingered about the new Omicron variant of the coronavirus and its impact on global economic recovery. Wall Street’s main indexes ended with hefty gains on Tuesday, but few market-moving catalysts and thin volumes in the last two weeks…
Oregon Extends State of Emergency, Cites Possible Surge in Omicron Hospitalizations
Oregon Gov. Kate Brown on Tuesday extended the state’s declaration of a state of emergency through June 2022, saying the state is preparing for a surge in hospitalizations due to the Omicron variant of the novel coronavirus. “As Oregon prepares for what could be our worst surge in hospitalizations during this pandemic, I know that…
NYC Rolls Out $100 Payout for People Who Get COVID Booster
December 22, 2021
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New York City Mayor Bill de Blasio announced on Tuesday a $100 payout for residents who get a COVID-19 booster by New Year’s Eve. The mayor described the program as a “limited-time opportunity” and “by far the biggest booster incentive program” in the country. “We want everyone, right now, as quickly as possible, to get…
High Skilled Professional Aussies Search for Higher Paying Jobs: Reserve Bank
High-skilled professionals in Australia are leaving their jobs in search of higher wages, driving up wage pressures in the private sector. According to the Reserve Bank of Australia (RBA), the professional and business service sectors had a particularly sharp increase in board mobility. “Part of this increase reflected workers catching up on planned job changes that…
COVID-19 Measures Need ‘Common Sense,’ Not Mandates: Aussie PM
Australian Prime Minister Scott Morrison has called for a “common sense” approach to measures against COVID-19, saying there was no need to mandate masks, police people with QR code tracing, or require PCR testing for interstate travel. In particular, Morrison suggested that Australia’s states and territories did not need to resort to imposing mandates for things that…
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