The Latest Breaking News from Omicron

An Omicron sub-variant has fuelled a surge in COVID-19 cases in Portugal that now has the world's second-highest infection rate, potentially threatening the tourism sector's recovery.

In its evolutionary fight for survival, the COVID virus is switching strategies: It’s becoming a master at slipping past our immune systems. And that, say experts, is largely why we’re dealing with an unexpected surge.

Around 3.1% of the British population are suffering symptoms persisting for more than four weeks

Omicron has substantially evolved, and the latest versions are even more immune resistant.

The virus’s behaviour in highly vaccinated countries may offer clues to our future with the disease, says Aris Katzourakis, a professor in viral evolution at Oxford University

A comparison of data shows that the death rate among the vaccinated is far lower than that the unvaccinated, so protecting vulnerable groups must be the priority

The figures show the incredible pressure the system was under before the Omicron wave hit.

Yunji Inc (NASDAQ:YJ) reported a first-quarter FY22 sales decline of 49.3% year-on-year, to RMB342.6 million ($54 million), compared to RMB675.4 million last year. The decrease was primarily due to the negative impact of the outbreaks of the highly-transmissible Delta and Omicron variants of COVID-19 in early 2022 on the company's operations. The repeat…

Huazhu Group Ltd (NASDAQ:HTHT) reported a first-quarter FY22 sales growth of 15.2% year-on-year to $423 million, beating the consensus of $378.25 million. The occupancy rate for all legacy-Huazhu hotels in operation was 59.2%, down 700 basis points Y/Y. Blended RevPAR (revenue per available room) was RMB132 versus RMB138 the previous year. The operating…