The doctor who alerted government scientists to the possibility of a new variant said people infected with omicron are showing milder symptoms than those suffering the delta strain. South African researchers said omicron appears to be more transmissible than its predecessors but that existing vaccines are still likely to offer good protection against severe illness and death. Governments across the globe stepped up restrictions on travel, as the World Health Organization warned that the new variant of the virus could fuel a fresh surge in infections with severe consequences. Cases of omicron have cropped up in locations from Australia to the U.K. and Canada, leading economists to reassess their outlooks for the global recovery. Markets in Europe and Asia retraced some of the losses suffered on Friday, while U.S. futures rose. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake