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Belgium reports Europe's first case of new COVID-19 variant

Belgium reports Europe's first case of new COVID-19 variant

The new COVID-19 variant identified in southern Africa led to investors dump riskier assets across markets with European stocks falling the most since July while emerging markets slumped.

Business Today Desk
Business Today Desk
  • Updated Nov 26, 2021 7:54 PM IST
Belgium reports Europe's first case of new COVID-19 variantCovid-19 virus (representational image)

Belgium has detected the first case of the new coronavirus variant which was first found in South Africa, a virologist said on Friday.

Marc Van Ranst, whose laboratory works closely with Belgium's public health body Sciensano, said on Twitter that the variant was found in a traveller returning in Belgium from Egypt on Nov 11. The person developed the first symptoms on Nov. 22, the virologist said.

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In Belgium, one sample was confirmed as the novel B.1.1.529 variant (in a returning traveller from Egypt (11/11); first symptoms on 22/11).

— Marc Van Ranst (@vanranstmarc) November 26, 2021

The new COVID-19 variant identified in southern Africa led to investors dump riskier assets across markets with European stocks falling the most since July while emerging markets slumped.

Earlier today, Israel also identified its first case of the new COVID-19 variant. “The variant discovered in southern African states has been identified in Israel,” the Israeli health ministry said.

The B.1.1.529 variant has been detected in relatively small numbers in Botswana, Hong Kong and South Africa but the authorities are perturbed by its high number of mutations that could evade the body’s immune response and become more transmissible.

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World Health Organization’s Technical Advisory Group on Virus Evolution (TAG-VE) earlier today announced that it will meet to discuss whether this variant should be classified as a variant of interest or a variant of concern.

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Business Today Desk
Business Today Desk

Business Today brings you the latest news, views and analysis from the world of finance, economy, markets, corporates, startups, tech, and the digital economy. You can find everything from breaking news to deep dives to immersive essays and more on a variety of subjects across all formats - online, magazine, television, data visualisation, et al.

Published on: Nov 26, 2021 7:54 PM IST