Omicron now accounts for 95% of all U.S. Covid cases. Tencent slashes its stake in Singapore’s Sea Ltd. Goldman sees Bitcoin taking market share from gold. Here’s what you need to know today.
The fast-spreading omicron variant now accounts for 95% of all U.S. Covid cases, the Centers for Disease Control and Prevention said, as the country logged one million new infections. In China, almost two weeks of lockdown is wearing on the 13 million residents of Xi’an as food and medical shortages mount. Goldman Sachs analysts said they see China’s strict border controls — amounting to a virtual closure of the country — lasting through most of 2022. Meanwhile, the U.S. advised against travel to Singapore saying the Covid level there was “unknown”; Prime Minister Boris Johnson said the U.K. could ride out the omicron wave without tightening restrictions; and Hong Kong logged its first Covid case from an unknown source in almost three months.
