Bloomberg The new coronavirus variant is set to test European economy’s recent ability to withstand fresh restrictions on activity. With the new strain from South Africa looming as a threat to public health, adding to the existing headache of rising infections that have already forced Austria and Slovakia to impose lockdowns, a pandemic that countries around the region had previously ...

Bloomberg Fresh concerns about the efficacy of existing vaccines against the omicron coronavirus strain pushed markets back into risk-off mode on Tuesday, with stocks in Europe dropping alongside US equity futures. Bonds gained as investors sought havens. The Stoxx Europe 600 index falls more than 1%, more than wiping out an earlier advance. Cyclical sectors including retail, travel and carmakers ...

Bloomberg South Korea’s benchmark stock index erased its gain for the year on renewed outflow of foreign funds amid worries that the new Covid-19 variant could hamper the global economic recovery. The equity benchmark falls 2.4%, with losses accelerating in the afternoon following a Financial Times that Moderna Inc’s CEO said existing vaccines may struggle against the omicron strain. The ...