Emirates warns Omicron could cause ‘significant traumas’ for aviation industry
A major hit to the peak December travel season because of the Omicron variant of the coronavirus would cause “significant traumas” in the global aviation business, Emirates airline President Tim Clark said on Tuesday.
Omicron vaccine warning triggers fresh global selloff
There was a fall in world share markets and scramble to safer currencies and bonds on Tuesday after the CEO of drugmaker Moderna (MRNA.O) warned that COVID-19 vaccines are unlikely to be as effective against the new Omicron variant.
Analysis: Ready to pounce: Investors prepare for swings, opportunities as Omicron variant spreads
The latest COVID-19 virus variant has sparked a wild ride in markets.
WHO says it is not yet clear if Omicron causes more severe disease
The World Health Organization (WHO) said on Sunday that it is not yet clear if the new Omicron coronavirus variant is more transmissible compared to other SARS-CoV-2 variants or if it causes more severe disease.
Travellers on edge as countries tighten rules due to Omicron fears – travel agents
Some would-be travellers are considering cancelling or delaying trip plans in response to fresh curbs prompted by the Omicron variant of the coronavirus, travel agents said on Monday, threatening an already fragile recovery for the global tourism industry.
Japan Oct retail sales boosted by fuel-price spike, broad trend still soft
Japan’s retail sales rose for the first time in three months in October, though less than expected, and the underlying private consumption trend pointed to persistent strains on a fragile economic recovery despite an easing of COVID-19 curbs.
Currencies recover from Omicron chaos but analysts warn more volatility ahead
Currency markets calmed on Monday in Asia after the initial shock of the discovery of the Omicron coronavirus variant sent investors scurrying for cover last week, but analysts warned of more volatility with little still known about the new strain.
It’s raining dividends, hallelujah! Canadian banks set to post strong results
Canada’s top six banks are expected to resume raising dividends and share buybacks after nearly a two-year hiatus and report strong quarterly earnings this week, which could boost the sector’s appeal to yield-hungry investors even as stocks trade close to all-time highs.
Japan joins Israel in barring foreigners as Omicron worries spread
Japan said on Monday it would close its borders to foreigners, as the world’s third-largest economy joined Israel in taking the toughest measures against the new coronavirus variant Omicron, which also cast a cloud over Australia’s re-opening plans.
UK sets out plans to boost global digital trade
Improving digital trade would provide huge opportunities for British businesses and help boost economic growth, the government’s Board of Trade said, setting out how it aims to become a world leader in modern services and online goods.
