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Asian business confidence gains steam, pandemic still top risk: Thomson Reuters/INSEAD survey

“There’s a sense of optimism going forward,” said Antonio Fatas, Singapore-based economics professor at global business school INSEAD.“Things are getting better but they are getting better with still a dose of uncertainty. The effect of the crisis is very different across sectors,” he added, noting the weakness in the transport sector due to curbs on global travel.

Still, more than half the respondents polled flagged persistent cases of the novel coronavirus as well as the possible scarcity of vaccines in parts of the world – at least initially – as their biggest risk.

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New, more contagious coronavirus strain in UK does not appear to be deadlier: Vivek Murthy

“This news from the UK appears to be about a new strain of the virus that’s more transmissible, more contagious than the virus we’ve seen prior to this,” he said.

“While it seems to be more transmissible, we do not have evidence yet that this is a more deadly virus to an individual who acquires it,” Murthy told NBC News on Sunday.

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Supplying enough Covid-19 vaccines for half the country’s nearly 1.4 billion people can be daunting:Bharat Biotech

“We have started producing at risk because we know that it will be an uphill task — in the Indian context it’s small,” Ella said in an interview from Hyderabad on Monday. “That’s a huge challenge in front of us when we think of the hundreds of millions of doses even if half the country needs to be vaccinated.”

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India finds five with coronavirus on UK flight, testing for strain

The discovery of the new strain, just months before vaccines are expected to be widely available, sowed new panic in a pandemic that has killed about 1.7 million people worldwide and more than 67,000 in Britain.At least two other flights from Britain have landed in India since the announcement of the flight ban, one in Mumbai and the other in the northern city of Amritsar.

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COVID-19: India reports 24,337 new cases

The number of people who have recuperated from the disease surged to 96,06,111, pushing the national recovery rate to 95.53 per cent, while the COVID-19 case fatality rate stands at 1.45 per cent, according to the data.

The COVID-19 active caseload remained below 4 lakh for the 15th consecutive day.

There are 3,03,639 active coronavirus cases in the country which comprise 3.02 per cent of the total caseload, the data stated.

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Asia monitoring new UK strain, no flights cancelled yet

The new strain in Britain comes as cases have surged recently in several Asian countries that successfully contained the pandemic earlier this year. The spikes in cases have prompted localised lockdowns in some countries and more aggressive testing.
Much is unknown about the strain, but experts said current vaccines should still be effective against it. No Asian country has reported the new strain.

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Australia detects new UK strain, Hong Kong cancels Britain flights

The new strain has prompted Britain’s European neighbours and several others including Canada and Iran to close their doors to travellers from the country.

Much is unknown about the strain, but experts said current vaccines should still be effective against it.

Asian nations including Japan and South Korea said they were monitoring the new strain even as they battle a spike in infections at home.

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Sensex crashes by 1,407 points as European markets open weaker

The NSE Nifty 50 index ended 3.14% lower at 13,328.40, wiping out six straight sessions of gains up to Friday. The benchmark S&P BSE Sensex fell 3% to 45,553.96.

European shares opened lower at 0800 GMT as investors worried about the economic impact of a new coronavirus strain which has seen several European countries shut their borders to the UK.

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