Bancel said earlier on CNBC that there should be more clarity on the efficacy of COVID-19 vaccines against the Omicron variant in about two weeks, but it could take months to begin shipping a reworked vaccine designed for it.

Stocks, oil prices slide as Omicron worries push investors to safe havens

Dec 01, 2021

Losses accelerated after Federal Reserve Chairman Jerome Powell told Congress that high inflation will persist until the middle of next year.

 For November, Brent fell by 16.4%, while WTI fell 20.8%, the biggest monthly fall since March 2020.

Omicron variant: OPEC+ begins two day talks amid oil price rout

Dec 01, 2021

The Organization of the Petroleum Exporting Countries (OPEC) will meet on Wednesday after 1300 GMT, followed by a meeting on Thursday of OPEC+, which groups OPEC with allies including Russia.

Russia's Putin says he hasn't decided whether to run again for president in 2024 (Photo: Reuters)

Russia's Putin says he hasn't decided whether to run again for president in 2024

Nov 30, 2021

Russia passed reforms last year allowing him to run for two more six-year terms, without which he would have had to step down in 2024.

Inflation excluding food and fuel prices and a narrower measure that also excludes alcohol and tobacco products, both rose to 2.6%, well ahead of expectations for 2.3%

Euro zone inflation hits record high of 4.9% in likely peak

Nov 30, 2021

Underlying prices, a key focus for policymakers as they exclude volatile food and energy prices, also surged.

The earthquake southeast of Honshu in Japan on Monday

Earthquake of magnitude 6.5 hits southeast of Honshu, Japan: Report

Nov 29, 2021

The quake was at a depth of 10 kilometers (6.21 miles), GFZ added.

Virgil Abloh dies of cancer at 41 (Image: Reuters)

Off-White founder, star designer Virgil Abloh dies of cancer

Nov 29, 2021

He was founder of label Off-White, and died from cancer which he had been fighting privately for several years

Many retailers closed physical stores on Thanksgiving this year, as they did in 2020, amid a labor shortage and the coronavirus pandemic.

US Black Friday shoppers tapered online splurge, as some returned to stores

Nov 28, 2021

Shoppers' total outlay online during Black Friday was roughly $8.9 billion, less than the $9 billion in 2020, according to data from Adobe Analytics.

Visa told the U.S. government it was concerned India's "push to use transit cards linked to RuPay" and "the not so subtle pressure on banks to issue" RuPay cards, the USTR email showed.

Visa complains to US govt about India backing local rival RuPay

Nov 28, 2021

Visa raised concerns about a "level playing field" in India during an August 9 meeting between US Trade Representative (USTR) Katherine Tai and company executives, including CEO Alfred Kelly.

Postal workers  who recall packages and letters piled up in distribution hubs are better prepared this time as they gear up for another pandemic crunch.

Shippers prepare for another pandemic crunch of holiday gifts

Nov 28, 2021

Nearly 3.4 billion parcels are expected to crisscross the country this holiday season, representing an estimated increase of about 400 million compared to last year.

The Omicron variant was first discovered in South Africa

COVID-19: South Africa says it is being punished for early detection of new variant

Nov 27, 2021

South Africa has some of the world's top epidemiologists and scientists, who have managed to detect emerging coronavirus variants and their mutations early on in their life cycle.

Pharmaceutical majors behind some of the key COVID-19 vaccines have expressed confidence that they will be able to rapidly adapt their jabs if the Omicron variant spreads

New COVID-19 variant Omicron 'not a disaster', vaccination likely to protect: Top UK scientist

Nov 27, 2021

"This is not a disaster, and the headlines from some of my colleagues saying 'this is horrendous' I think are hugely overstating the situation," Professor Calum Semple said.