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WASHINGTON/TOKYO: Air travellers to the United States will face tougher COVID-19 testing rules, while more countries tightened their borders amid uncertainty around the virulence of the Omicron variant and its ability to evade vaccine protection. Japan and Hong Kong said they would expand travel curbs, Malaysia temporarily banned travellers from countries deemed at risk, while Australia braced for more cases of the coronavirus variant after at least two people visited several locations in its biggest city while likely infectious. In an attempt to stave off hasty border curbs, the World Health Organization (WHO) urged countries to apply "an evidence-informed and risk-based approach" to travel measures, saying "blanket travel bans will not prevent the international spread, and they place a heavy burden on lives and livelihoods". Investors remained on edge on Wednesday, even as financial markets came off lows plumbed a day earlier following remarks by the CEO of Moderna that raised questions about the efficacy of COVID-19 vaccines against Omicron.

Existing vaccines will be much less effective against Omicron and a variant-specific jab could be months away.

The European drug regulator announced on Tuesday that it would approve vaccines adapted to Covid''s new version, Omicron, within three to four months if necessary, but existing drugs would continue to provide protection, Reuters reported. Speaking to the European Parliament, European Medicines Agency (EMA) Executive Director Emery Cook said it was not known whether drug manufacturers would have to change their vaccines to protect against Omicron, but the EMA was preparing for that possibility. "If there was a need to change existing vaccines, we could be able to approve them within three to four months," she said. "Companies that adapt their wording to include the new sequence () will then have to show that the production system works, then they will have to do some clinical trials to find that it actually works in practice. The EMA clarified in a separate statement that the review will begin when drug manufacturers decide they need to change the vaccine and start working on it. " We expect to receive smaller packages (data) that will reduce the evaluation time," said the EMA, based on the guidelines in force since February for each update of a variant-specific vaccine.

The rand, on the up, surprised yesterday as it dipped below the R16 mark as the markets shrugged off the latest developments around the Covid-19 Omicron variant and the record unemployment numbers. Statistics South Africa yesterday revealed that the unemployment rate had escalated to 34.9 percent in the three months to September, the highest level since 2008. Stats SA said 660 000 people lost their jobs during the third quarter, with the number of discouraged work seekers dramatically increasing by 545 000. There are more than 7.6 million people of working age who are unemployed in South Africa. Despite this, the rand made a spectacular recovery following a retreat to R16.21 to the dollar earlier in the day as caution lingered in markets after Omicron sent the world in a panic. After starting the day at R16.11 to the dollar, the rand was unfazed by the unemployment reading, strengthening by 0.22 percent to R15.94 to the greenback by 5pm. Meanwhile, the domestic markets also pushed back against the risk off sentiment that spooked international markets after drugmaker Moderna warned about the Omicron variant.

The National Command and Operation Centre (NCOC) on Wednesday approved a booster shot of Covid-19 vaccines for healthcare workers, immunocompromised people and those aged over 50 years, while discussing the spread of the new coronavirus variant Omicron across the world. Although the statement issued by the NCOC did not say which Covid-19 vaccine would be administered as booster shots, it did say that the shots would be free and administered six months after the last vaccine dose. During its meeting today, the forum discussed epidemic curve chart data for Pakistan, the national vaccine strategy and disease prevalence across the country. It also discussed cities'' progress in vaccinating their residents against Covid-19. The forum stressed that the Omicron variant was spreading fast globally and the only protection against it was vaccination. Subsequently, the NCOC decided to take strict measures to enforce the "obligatory vaccination regime" from December 1 (today) and directed the provinces and authorities to adopt a zero-tolerance policy regarding its implementation.

The National Command and Operation Centre (NCOC) on Wednesday approved a booster shot of Covid-19 vaccines for healthcare workers, immunocompromised people and those aged over 50 years, while discussing the spread of the new coronavirus variant Omicron across the world. Although the statement issued by the NCOC did not say which Covid-19 vaccine would be administered as booster shots, it did say that the shots would be free and administered six months after the last vaccine dose. During its meeting today, the forum discussed epidemic curve chart data for Pakistan, the national vaccine strategy and disease prevalence across the country. It also discussed cities'' progress in vaccinating their residents against Covid-19. The forum stressed that the Omicron variant was spreading fast globally and the only protection against it was vaccination. Subsequently, the NCOC decided to take strict measures to enforce the "obligatory vaccination regime" from December 1 (today) and directed the provinces and authorities to adopt a zero-tolerance policy regarding its implementation.

By Jeffrey Halley, Senior Market Analyst, Asia Pacific, OANDA Markets endured another night of high drama overnight thanks to the latest omicron return of serve by the CEO of Moderna, and Jerome Powell shifting to [] The post Omicron Headline Tennis Continues appeared first on Business News This Week .

Major European stock markets fell around 1.5 per cent in early trade, Tokyos Nikkei index closed down 1.6 per cent. The post Markets jolted as Moderna says COVID-19 shots weaker against Omicron appeared first on The Eagle Online .

Escobar: Fauci As Darth Vader Of The COVID Wars Authored by Pepe Escobar via The Asia Times, Robert F Kennedy Jrs The Real Anthony Fauci: Bill Gates, Big Pharma and the Global War on Democracy and Public Health should be front-page news in all the news media in the US. Instead, it has been met with the proverbial thundering silence. Critics seeking to have Kennedy dismissed as a kook trading on a famous name had scored a hit in February, when Instagram permanently deleted his account , allegedly for making false claims about coronavirus and vaccines. Nevertheless, the book, published only a few days ago, is already a certified pop hit on Amazon . RFK Jr., chairman of the board of and chief legal counsel for Childrens Health Defense, sets out to deconstruct a New Normal, encroaching upon all of us since early 2020. In my early 2021 book Raging Twenties I have termed this force techno-feudalism. Kennedy describes it as rising totalitarianism, complete with mass propaganda and censorship, the orchestrated promotion of terror, the manipulation of science, the suppression of debate, the vilification of dissent and use of force to prevent protest. Focusing on Dr Anthony Fauci as the fulcrum of the biggest story of the 21st century allows RFK Jr to paint a complex canvas of planned militarization and, especially, monetization of medicine, a toxic process managed by Big Pharma, Big Tech and the military/intel complex and dutifully promoted by mainstream media.

Australian shares edged lower on Wednesday, as the first confirmed community case of the Omicron coronavirus variant stoked fears of reimposition of restrictions and delay an economic recovery, ahead of third quarter GDP data. The S&P/ASX 200 index lost 0.35% at 7,230.7 by 2351 GMT. The benchmark gained 0.22% on Tuesday. Australian authorities confirmed a person with COVID-19 had the new Omicron variant after disclosing that the person had been active in the community on Tuesday. Fears were also exacerbated by vaccine maker Moderna''s chief executive officer saying vaccines are likely to be less effective against the new variant, further fuelling a global selloff. Energy stocks tumbled as much as 1.25%, tracking a 6.2% drop in US crude futures overnight. Woodside Petroleum and Santos shed as much as 1.6% and 1.7%, respectively. The country''s fourth largest lender Australia and New Zealand Banking Group shed as much as 0.9% after it revealed a class action proceeding had been filed against it, relating to some "unfair" credit card contracts.

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Highlights Crude oil prices inched lower on Tuesday. The prices recorded the biggest monthly fall since March 2020. The prices were additionally weighted following Industrial data showing a minimal drawdown of the US crude stock. Crude oil prices dropped on Tuesday after the chief cast of Moderna doubted the efficiency of the COVID-19 vaccine against the new variant of coronavirus, prompting worries about oil demand. February delivery Brent Crude oil futures last traded at US$69.80 per barrel down 0.50%, whereas January delivery WTI crude oil futures traded 0.73% up at US$66.66 per barrel as of 1 December 2021 at 12:06 PM AEDT. Biggest price drop in November The current drop in the prices of crude oil is the biggest monthly decline since the outset of the pandemic. The fears of oil demand prompted through the spread of new coronavirus variant and expectations that some leading oil consumers across the globe will pump crude from their strategic reserves. The prices were additionally weighted following Industrial data showing a minimal drawdown of the US crude stock.

World stocks and oil prices slid Tuesday after Moderna warned current vaccines might be less effective at fending off the Omicron variant, and eurozone inflation spiked to a record high

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The US Centers for Disease Control and Prevention (CDC) strengthened recommendations for booster doses of coronavirus vaccine Monday, saying all adults should get boosted six months after the second dose of Pfizer/BioNTechs or Modernas vaccine or two months after the single dose Johnson & Johnson vaccine. Its a slight but significant change to the wording The post CDC Urges All Vaccinated Adults to Get Boosters As U.S. Braces For Omicron Variant appeared first on HillReporter.com .