Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Business > Omicron marches on as Biden prepares U.S. for grim winter
    Business

    Omicron marches on as Biden prepares U.S. for grim winter

    Omicron marches on as Biden prepares U.S. for grim winter

    Published by maria gbaf

    Posted on December 3, 2021

    Featured image for article about Business

    By Byron Kaye and Jeff Mason

    SYDNEY/WASHINGTON (Reuters) – Australia, despite restrictions on international visitors, became the latest country on Friday to report community transmission of Omicron, a day after the coronavirus variant was found locally in five U.S. states.

    U.S. President Joe Biden warned on Thursday that infections will rise during the northern-hemisphere winter and the European Union’s public health agency said Omicron could account for more than half of all infections in Europe within months.

    Australia’s chief medical officer on Friday said Omicron was likely to become the dominant variant globally within months, but at this stage there was no evidence it was any more dangerous than Delta which swept the world earlier this year.

    “I suspect within the [next few] months, Omicron will be the new virus in the world,” Paul Kelly, the top medical advisor to the Australian government, told reporters.

    His comments came after Australia reported its first case of community transmission even though it has closed its borders to high-risk southern Africa, one of a growing number of countries that have imposed travel restrictions to keep the variant out.

    Global travel curbs accelerated on Thursday, with Hong Kong, the Netherlands, Norway and Russia, among others, announcing fresh measures to prevent the variant crossing their borders.

    Such restrictions are wreaking havoc with the travel industry, pounding financial markets and undermining major economies just as they were beginning to recover from the lockdowns triggered by Delta.

    Shares in Tokyo and South Korea fell on Friday after overnight losses on Wall Street, but traders will need to wait at least another week or so for answers from global health authorities on the variant’s virulence or vaccine resistance.

    Europe’s biggest economy, Germany, said it would bar the unvaccinated from all but essential businesses, and legislation to make vaccination mandatory would be drafted for early next year.

    Several countries including Britain and the United States were bringing forward plans to offer booster shots, but, like travel bans, this is controversial. Australian authorities said on Friday there was “no evidence” such moves would be effective.

    U.S. Treasury Secretary Janet Yellen said that despite such uncertainty, the variant could slow global economic growth by exacerbating supply chain problems and depressing demand.

    “There’s a lot of uncertainty, but it could cause significant problems. We’re still evaluating that,” she told the Reuters Next conference https://www.reuters.com/business/finance/us-treasurys-yellen-says-ready-retire-transitory-describe-inflation-2021-12-02 on Thursday.

    BIDEN’S PLAN

    Biden on Thursday laid out his strategy to fight the coronavirus.

    “We’re going to fight this variant with science and speed, not chaos and confusion,” he said, speaking at the National Institutes of Health medical research facility in Maryland.

    Under Biden’s plan, https://www.reuters.com/world/us/us-require-private-health-insurance-companies-cover-at-home-covid-19-tests-2021-12-02 the United States will require inbound international passengers to be tested for COVID-19 within one day of departure, regardless of vaccination status. Mask requirements on airplanes, trains and public transportation vehicles will be extended to March 18.

    The U.S. government will require private health insurers to reimburse their 150 million customers for 100% of the cost of over-the-counter, at-home COVID-19 tests, administration officials said, and make 50 million more tests available free through rural clinics and health centers for the uninsured.

    New York has found five cases of the Omicron coronavirus variant, its governor said, becoming the fifth U.S. state to detect the variant and bringing the total number of infections in the country to nine.

    The other U.S. states that have found Omicron cases are California, Colorado, Hawaii and Minnesota. In all four cases, the patients developed mild symptoms and all but one were fully vaccinated.

    Less than 60% of the U.S. population, or 196 million people, have been fully vaccinated, one of the lowest rates among wealthy nations.

    (Reporting by Reuters bureaux; Writing by Stephen Coates; Editing by Simon Cameron-Moore)

    By Byron Kaye and Jeff Mason

    SYDNEY/WASHINGTON (Reuters) – Australia, despite restrictions on international visitors, became the latest country on Friday to report community transmission of Omicron, a day after the coronavirus variant was found locally in five U.S. states.

    U.S. President Joe Biden warned on Thursday that infections will rise during the northern-hemisphere winter and the European Union’s public health agency said Omicron could account for more than half of all infections in Europe within months.

    Australia’s chief medical officer on Friday said Omicron was likely to become the dominant variant globally within months, but at this stage there was no evidence it was any more dangerous than Delta which swept the world earlier this year.

    “I suspect within the [next few] months, Omicron will be the new virus in the world,” Paul Kelly, the top medical advisor to the Australian government, told reporters.

    His comments came after Australia reported its first case of community transmission even though it has closed its borders to high-risk southern Africa, one of a growing number of countries that have imposed travel restrictions to keep the variant out.

    Global travel curbs accelerated on Thursday, with Hong Kong, the Netherlands, Norway and Russia, among others, announcing fresh measures to prevent the variant crossing their borders.

    Such restrictions are wreaking havoc with the travel industry, pounding financial markets and undermining major economies just as they were beginning to recover from the lockdowns triggered by Delta.

    Shares in Tokyo and South Korea fell on Friday after overnight losses on Wall Street, but traders will need to wait at least another week or so for answers from global health authorities on the variant’s virulence or vaccine resistance.

    Europe’s biggest economy, Germany, said it would bar the unvaccinated from all but essential businesses, and legislation to make vaccination mandatory would be drafted for early next year.

    Several countries including Britain and the United States were bringing forward plans to offer booster shots, but, like travel bans, this is controversial. Australian authorities said on Friday there was “no evidence” such moves would be effective.

    U.S. Treasury Secretary Janet Yellen said that despite such uncertainty, the variant could slow global economic growth by exacerbating supply chain problems and depressing demand.

    “There’s a lot of uncertainty, but it could cause significant problems. We’re still evaluating that,” she told the Reuters Next conference https://www.reuters.com/business/finance/us-treasurys-yellen-says-ready-retire-transitory-describe-inflation-2021-12-02 on Thursday.

    BIDEN’S PLAN

    Biden on Thursday laid out his strategy to fight the coronavirus.

    “We’re going to fight this variant with science and speed, not chaos and confusion,” he said, speaking at the National Institutes of Health medical research facility in Maryland.

    Under Biden’s plan, https://www.reuters.com/world/us/us-require-private-health-insurance-companies-cover-at-home-covid-19-tests-2021-12-02 the United States will require inbound international passengers to be tested for COVID-19 within one day of departure, regardless of vaccination status. Mask requirements on airplanes, trains and public transportation vehicles will be extended to March 18.

    The U.S. government will require private health insurers to reimburse their 150 million customers for 100% of the cost of over-the-counter, at-home COVID-19 tests, administration officials said, and make 50 million more tests available free through rural clinics and health centers for the uninsured.

    New York has found five cases of the Omicron coronavirus variant, its governor said, becoming the fifth U.S. state to detect the variant and bringing the total number of infections in the country to nine.

    The other U.S. states that have found Omicron cases are California, Colorado, Hawaii and Minnesota. In all four cases, the patients developed mild symptoms and all but one were fully vaccinated.

    Less than 60% of the U.S. population, or 196 million people, have been fully vaccinated, one of the lowest rates among wealthy nations.

    (Reporting by Reuters bureaux; Writing by Stephen Coates; Editing by Simon Cameron-Moore)

    Related Posts
    Five questions to ask before stepping into Employee Ownership
    Five questions to ask before stepping into Employee Ownership
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    Cybersecurity as a Profit Engine: Turning Financial Services Security into Measurable Business Value
    How Investability Helps Companies Navigate Transformational Times
    How Investability Helps Companies Navigate Transformational Times
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    88% of UK and US organisations concerned about state-sponsored cyber attacks as national threat levels surge, IO research reveals
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    One in three SME leaders do not fully understand cash flow, despite 82% facing cash flow problems
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    Inside the Company that Predicted the Remote Work Mega-Trend Before It Became Mainstream
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    SEO Consultant Adrian Czarnoleski on How to Increase Business Value Before Exit
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    No SOC 2, No Deal: Why You’re Already Losing Clients - and What You Can Do About It
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Jose Tolosa Guides Organizations Forward with Clarity, Purpose, and Integrity
    Reducing Freight Costs to Drive Global Trade Expansion
    Reducing Freight Costs to Drive Global Trade Expansion
    The Psychology of Music in the Modern Workplace
    The Psychology of Music in the Modern Workplace
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses
    Revealed: Low-Cost/No-Cost Marketing Hacks For Results Oriented Businesses

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Business

    Explore more articles in the Business category

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    Finance teams still stuck in spreadsheets as manual processes stall digital transformation

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    The Future of Remote & Hybrid Leadership: Leading With Data-Driven Foresight

    2025-2030: The Next Technological Innovations for Business

    2025-2030: The Next Technological Innovations for Business

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    The CFO’s New Playbook: 5 Ways AI Is Redefining Finance with Insights from Rishi Oberoi

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Revolutionizing Payments: Secure, Scalable, Sovereign

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    Why Trademark Abuse in Paid Search Is a Growing Risk for Financial Institutions

    E-commerce Customer Service: Tips

    E-commerce Customer Service: Tips

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    When to Automate Your Warehouse: The Tipping Point for Operations Growth

    Hurt at Work? 5 Financial Facts You Need to Know

    Hurt at Work? 5 Financial Facts You Need to Know

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Against the Odds: Resilience in Consumer Subsectors Offers Prime Opportunities for Investors

    Empower Your Workforce With Financial Wellness This Labor Day

    Empower Your Workforce With Financial Wellness This Labor Day

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    Build a brand that stands out with five simple strategies, from defining your UVP to using storytelling and building loyalty. Find out more.

    View All Business Posts
    Previous Business PostVote in London outskirts poses test for UK PM Johnson
    Next Business PostExclusive-KNDS readies 650 million euro bid for Leonardo units – sources