President Biden is addressing the nation on his plan to battle the Omicron variant, the New York Governor says the new variant will not lead to school closures or lockdowns, while New Yorkers stand in long lines to get tested for Covid-19 ahead of holiday travel.
CDC Director: Initial COVID-19 Vaccines ‘May Not Be Enough’ for Omicron
The head of the Centers for Disease Control and Prevention (CDC) said that initial COVID-19 vaccines “may not prevent infection” from the Omicron COVID-19 variant. CDC Director Rochelle Walensky told CNBC that so far, preliminary data suggest the variant—named last month—can breach current vaccine antibodies. That means, she argued, that people need to “continue to wear…
UK Offers 1 Billion Pounds to Firms Hit Hardest by Omicron
LONDON—Britain announced on Tuesday 1 billion pounds ($1.3 billion) of extra support for businesses hit hardest by the wave of Omicron variant coronavirus cases, which is hammering the country’s hospitality sector and other businesses. Finance minister Rishi Sunak said he was confident the measures would help hundreds of thousands of businesses. But he added that…
Lockdowns Never Prevent Infection, Only Prolong Pandemic: UK Professor
Lockdowns “never ultimately prevent infection” and only serve to flatten the curve and thereby prolong the epidemic, a British medical professor has warned. Paul Hunter, professor in medicine at the University of East Anglia, said on Tuesday that there is no need for a lockdown in the UK as the increase in COVID-19 cases appears…
German Consumer Morale Darkens as Omicron Raises Spectre of Recession
BERLIN—German consumer morale will deteriorate further at the start of next year, a survey showed on Tuesday, as the COVID-19 pandemic and the rise of the Omicron variant push Europe’s largest economy to the brink of a recession during the winter. The Nuremberg-based GfK market research institute said its consumer sentiment index, based on a…
Oil Prices Rise but Omicron Worries Linger
LONDON—Oil prices rebounded on Tuesday after a sharp fall in the previous session as investors’ appetite for risk improved, although they remained cautious amid the rapid spread of the Omicron coronavirus variant across the globe. Brent crude was up 84 cents, or 1.2 percent, at $72.36 a barrel by 1117 GMT, and U.S. West Texas…
UK Rail Services Face ‘Widespread Disruption’ as COVID-19 Causes Staff Shortages
British rail services are suffering from “widespread disruption” in the run-up to Christmas, as firms are having to run reduced timetables due to workers being off sick or self-isolating. The CrossCountry train company is cancelling dozens of trains each day, and has reduced the number of carriages of many trains that are still operating. The…
Global Stocks Gain as Appetite for Risk Stages Comeback
LONDON/HONG KONG—World shares gained on Tuesday as investors weighed up the extent to which the Omicron coronavirus variant would hit economies around the world, with the dollar softening as appetite for riskier assets made a cautious return. The broader Euro STOXX 600 rose as much as 1.1 percent. German DAX’s added 0.8 percent, with London’s…
1st US Death With Omicron Variant of CCP Virus Reported in Texas
Texas on Dec. 21 reported what is widely believed to be the first death in the United States related to the new Omicron variant of the CCP (Chinese Communist Party) virus, which causes the disease COVID-19. An unvaccinated Houston man in his 50s with underlying health conditions is believed to be the victim of the Omicron-related…
Royal Caribbean Says 48 Passengers Test Positive for Omicron Variant on Ship
Royal Caribbean Group said on Monday 48 people on its Symphony of the Seas cruise ship tested positive for COVID-19, fueling concerns that the new Omicron variant of the coronavirus could put a damper on a recovery in the cruise industry. The cruise operator said it had 6,091 guests and crew members on board the…
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