Countries Around the World Respond to Omicron Variant

The doctor who alerted government scientists to the possibility of a new variant said people infected with omicron are showing milder symptoms than those suffering the delta strain. South African researchers said omicron appears to be more transmissible than its predecessors but that existing vaccines are still likely to offer good protection against severe illness and death.

Governments across the globe stepped up restrictions on travel, as the World Health Organization warned that the new variant of the virus could fuel a fresh surge in infections with severe consequences.

Cases of omicron have cropped up in locations from Australia to the U.K. and Canada, leading economists to reassess their outlooks for the global recovery. Markets in Europe and Asia retraced some of the losses suffered on Friday, while U.S. futures rose.

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