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EU Calls New Covid-19 Strain a ‘Variant of Concern’

Bloomberg business news
WATCH: European Commission President Ursula Von der Leyen says the governing body has proposed an emergency ban for air travel from southern Africa.Source: Bloomberg

The European Centre for Disease Prevention and Control labeled the new Covid-19 variant first identified in South Africa as a ‘variant of concern’ in a statement on its website on Friday. 

The B.1.1.529 variant, a highly contagious variant with cases already detected in Israel and Belgium, has roiled global travel plans and markets, driving steep selloffs in airline stocks and buoying lockdown staples including Zoom Video Communications Inc.