Two cases of Omicron Covid variant identified in UK

The B.1.1.529 variant, described in Britain as ‘the most worrying we’ve seen’, was first found in southern Africa

The first cases of the new B.1.1.529 Covid-19 variant have been identified in the UK.

Two people found to be infected with the Omicron variant are self-isolating, according to the health secretary, Sajid Javid.

The two cases, which are connected, were identified in Chelmsford and Nottingham, Javid said. “The two individuals concerned are self-isolating alongside their whole household while further tests and sequencing is carried out, and contact tracing. The two cases are linked,” he said.

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New variant raises alarms

Nearly two years into the COVID-19 pandemic, the world raced Friday to contain a new coronavirus variant potentially more dangerous than the one that has fueled relentless waves of infection on every continent.

A World Health Organization panel named the variant “omicron” and classified it as a
highly transmissible virus of concern, the same category that includes the predominant
delta variant, which is still a scourge driving higher cases of sickness and death in Europe and parts of the United States.

“It seems to spread rapidly,” President Joe Biden said of the new variant, only a day after celebrating the resumption of Thanksgiving gatherings for millions of American families and the sense that normal life was coming back at least for the vaccinated. In announcing new travel restrictions, he told reporters, “I’ve decided that we’re going to be cautious.”

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Dow tumbles 900 points for worst day of year on fears of new Covid variant, S&P 500 drops 2.53%

U.S. stocks dropped sharply on Friday as a new Covid variant found in South Africa triggered a global shift away from risk assets.

The Dow Jones Industrial Average dropped 905.04 points, or 2.53%, for its worst day of the year, closing at 34,899.34. The S&P 500 lost 2.27% to close at 4,594.62, while the Nasdaq Composite slipped 2.23% to finish at 15,491.66. The Dow was down more than 1,000 points at session lows.