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NATO foreign ministers meet today to discuss President Putin's possible intent for massing Russian troops on Ukraine's borders. US Federal Reserve Chairman sees possibility of new Omicron variant imperiling economic recovery and exacerbating inflationary pressures. Greenhouse gas emissions from EU countries jumped 18 percent last spring, according to Eurostat. Analysis: New COVID-19 Variant Prompts Global Response.

Condition Updates

A rundown of important global risk developments in markets, in business, and region by region.

New COVID-19 Variant Prompts Global Response

Decision-makers must stay vigilant about the latest developments with Omicron, but there is no need yet for panic. The same global system that has produced a vaccine for Delta could do so for Omicron within months, according to pharmaceutical executives. The new variant may ultimately delay, rather than derail, economic recoveries, but it will take time for its significance to be fully understood.

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