First Move with Julia Chatterley

Omicron cases surge around the world. Businesses in the U.K. shut their doors. The U.S. drops imports from China’s Xinxiang region over forced-labor fears.

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Covid surges and borders close as the world reacts to Omicron. The Bank of England raises interest rates to fight inflation. Turkey has a different response, cutting its interest rates.

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Jay Powell is set to speed up the stimulus withdrawal. The WHO warns Omicron is growing at an “unprecedented” rate. The Kremlin describes talks between Presidents Biden and Putin as “very positive.”

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Omicron soars in the U.K. and Denmark as China gets its second case. A new South African study shows that while the new Covid variant is more transmissible and better able to evade the Pfizer vaccine, it does cause less severe illness. China mobile gets the green light to list in Shanghai after getting kicked out of New York.

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Boris Johnson confirms the U.K.’s first Omicron death and aims to provide all adults in England with a third shot by month’s end. Chinese AI firm SenseTime delays IPO after its U.S. investor ban. Peloton uses “Sex In The City” reboot tie-in after its stock price plunges.

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US prices rise at the fastest pace in nearly 40 years. China calls Joe Biden’s summit a political maneuver. A big Chinese AI firm’s stock market debut in doubt amidst US blacklist fears.

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China’s Evergrande downgraded after missing key repayments. More evidence a third vaccine shot can help limit Covid effects. The U.K. government is now facing three Christmas event investigations.

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Pfizer says a third vaccine dose neutralizes the variant. Olaf Scholz sworn in as Germany’s new chancellor. Boris Johnson says claims his office flouted Covid lockdown rules will be investigated.

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Biden and Putin holding video meeting amid fears of Ukraine invasion. Beijing promising a response to U.S. Olympic boycott. CDC urging Americans to avoid traveling to France.

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Zain Asher is live from New York. Here are the top business news stories today! 

Jobs jolt! US economy adds fewer jobs than expected. Didi delists! The Chinese firm will leave New York, just months after botched IPO. Cases climb - new Omicron outbreaks across Europe. 

It’s Friday, let’s make a move.

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