U.S. pharma giant Pfizer says that its Covid vaccine provides cover for the Omicron variant but that a third and fourth dose would work best. In the UK, Prime Minister Boris Johnson announces ‘Plan B’ to slow the spread of the new variant with work-from-home guidance in England, masks and vaccine certification for some venues. Chinese consumer inflation surges at its fastest pace in over a year due to rising food costs but factory gate price growth slows. And the U.S. Department of Justice warns Deutsche Bank it may have violated the terms of its criminal settlement.

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