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Travel Bans, Plunging Markets: Global Panic Ensues Over New Covid Variant

Travel Bans, Plunging Markets: Global Panic Ensues Over New Covid Variant

NDTV
Saturday, November 27, 2021 02:49:13 AM UTC

Epidemiologists warned travel curbs may be too late to stop the new Omicron variant from circulating globally, as it could take weeks for scientists to fully understand the strain's mutations and whether existing vaccines are effective against it.

The discovery of a new coronavirus variant named Omicron triggered global alarm on Friday as countries rushed to suspend travel from southern Africa and stock markets on both sides of the Atlantic suffered their biggest falls in more than a year. Failure to help vaccinate sub-Saharan Africa—still barely 4% of the population—left us all exposed to risk of a new, more virulent #COVIDvariant.News of #Omicron is an urgent reminder of why we need to do even more to vaccinate the world.https://t.co/3qJwgZHdfApic.twitter.com/vEtwg6Wq3y

The World Health Organisation (WHO) said Omicron may spread more quickly than other forms, and preliminary evidence suggested there is an increased risk of reinfection.

Epidemiologists warned travel curbs may be too late to stop Omicron from circulating globally. The new mutations were first discovered in South Africa and have since been detected in Belgium, Botswana, Israel and Hong Kong.

The United States will restrict travel from South Africa and neighbouring countries effective Monday, a senior Biden administration official said.

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