Magical Trade
Saturday, January 28, 2023
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Magical Trade
No Result
View All Result
Home Trade News

As the omicron variant spreads across the world, here’s what we know so far

by
November 29, 2021
in Trade News
0
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

The two financial stocks Karen Firestone favors coming out of earnings

Pro Picks: Watch all of Friday’s big stock calls on CNBC

International passengers walk through the arrivals area at Terminal 5 at Heathrow Airport on November 26, 2021 in London, England.

Leon Neal | Getty Images News | Getty Images

The heavily-mutated omicron Covid-19 variant has been detected in more countries as governments around the world weigh new travel bans and restrictive measures.

The World Health Organization on Monday said the variant poses a “very high” global risk that could have “severe consequences” given that some of its mutations may sidestep immune protection and suggest greater transmissibility.

However, the South African doctor who first raised the alarm over the new strain, Dr. Angelique Coetzee, told the BBC Sunday that the associated symptoms seen so far have been “extremely mild.”

The U.K. has identified nine cases as of late morning on Monday, six of which are in Scotland, while the Netherlands and Portugal have each discovered 13 cases.

Elsewhere in Europe, small numbers of cases have been identified in Germany, Italy, the Czech Republic, Belgium and Austria.

Travel bans

Australia has reported five cases and will temporarily halt the next stage of its plan to reopen borders while more information is gathered on the new variant. Meanwhile, cases have also been found in Canada and Hong Kong.

Scientists around the world are racing to assess omicron’s ability to evade existing vaccines and natural immunity, with the WHO saying it will take weeks to fully understand how it will affect diagnostics, therapeutics and vaccines.

Early data suggests the variant is spreading in South Africa more rapidly than previous variants did and that the strain, known formally as B.1.1.529, could be starting to trigger a new wave of infections, according to analysis by the Financial Times.

In a special session of the World Health Assembly on Monday to discuss a new Pandemic Treaty, WHO Director-General Tedros Adhanom Ghebreyesus said the discovery of the omicron variant “underlines just how perilous and precarious our situation is.”

He also said South Africa, where the strain was first identified, should be thanked for its detection, sequencing and reporting of the findings, not “penalized” in the form of travel bans.

The U.K. implemented temporary travel ban on six southern African countries on Friday. The U.S. has now restricted travel from South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi. Japan will on Tuesday become the second country after Israel to close its borders to all foreigners.

The WHO urged wealthy nations to share vaccine supply and said vaccine inequity will enable the virus to “spread and evolve in ways we cannot predict or prevent.”

Tedros highlighted that more than 80% of the world’s vaccines had gone to the G-20 advanced economies, while low-income countries, many of them in Africa, had received just 0.6% of all vaccines.

Vaccine booster hopes

Even prior to the detection of the new variant, Europe was in the throes of rising cases resulting from the globally dominant and highly virulent “delta” variant, which had sent cases in some countries to record highs and led to the imposition of social restrictions once again.

Dr. Kavita Patel of Brookings Institution told CNBC Monday that it would take approximately one to two weeks for scientists to be able to replicate the virus, and demonstrate whether it can be neutralized by existing antibodies.

Patel suggested travel restrictions would be ineffective and countries should instead focus on testing and isolating cases, since the existing PCR testing apparatus successfully detects the new strain. She also suggested that scientists are optimistic about the ability of existing vaccines to fend off omicron.

“The current vaccines don’t just generate these variant-specific antibodies. They try to generate a broad antibody response, and here’s where the kind of brilliance of the human body takes place: the B-cells, the cells that make those antibodies, they actually have the ability to tailor antibody responses to incoming threats to your body,” Patel explained.

She added that there is compelling data that vaccine boosters can enhance existing immunity, highlighting the need for people to get vaccinated and take boosters when available.

– CNBC’s Holly Ellyatt contributed to this report.

ShareTweetPin

Related Posts

The two financial stocks Karen Firestone favors coming out of earnings

by
January 28, 2023
0

Karen Firestone of Aureus Asset Management is excited about American Express and Visa coming off their earnings reports this week...

Pro Picks: Watch all of Friday’s big stock calls on CNBC

by
January 28, 2023
0

Market Movers rounds up the best trade ideas from investors and analysts throughout the day. The pros discussed Intel ....

Amazon to start charging delivery fees on Fresh grocery orders under $150

by
January 28, 2023
0

In this article AMZN Follow your favorite stocksCREATE FREE ACCOUNT Brendan McDermid | Reuters Amazon will start charging delivery fees...

House Speaker McCarthy spoke with Musk about making Twitter ‘fair on all sides’

by
January 28, 2023
0

U.S. House Republican Leader Kevin McCarthy (R-CA) celebrates being elected the next Speaker of the U.S. House of Representatives in...

Sam Bankman-Fried tried to influence witness through Signal, DOJ alleges

by
January 28, 2023
0

Former FTX chief executive Sam Bankman-Fried (C) arrives to enter a plea before US District Judge Lewis Kaplan in the...

Next Post

Here's what Wall Street's major banks are saying about omicron's potential market impact

UK stockbroker AJ Bell takes on fintech rivals with commission-free investing app

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:



By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Fund manager believes FAANG is dead — says now it’s all about MANTA

    0 shares
    Share 0 Tweet 0
  • Forget Tesla — this auto stock is the one to buy right now, analyst says

    0 shares
    Share 0 Tweet 0
  • Bank of America names its top global tech stocks — including one it says has upside of 100%

    0 shares
    Share 0 Tweet 0
  • Josh Brown says Nvidia’s potential is ‘scary’ ahead of a potential AI boom

    0 shares
    Share 0 Tweet 0
  • Cut Your Retirement Spending Now, Says Creator of the 4% Rule

    0 shares
    Share 0 Tweet 0
  • Home
  • Trade News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.magicaltrade.net
No Result
View All Result
  • Email Whitelisting
  • Home
  • Privacy Policy

All rights reserved by www.magicaltrade.net