Stocks, oil tumble on virus variant fears, safe havens gain

1 Oct 04:53 Key points summarised by AI

Global stocks and oil prices plummeted sharply following the discovery of a new, potentially vaccine-resistant coronavirus variant.
Investors swiftly shifted to safe-haven assets, boosting demand for bonds, the Japanese yen, and the Swiss franc.
The variant, first detected in Southern Africa, prompted immediate travel restrictions from multiple countries due to concerns over its transmissibility and ability to evade immune responses.
The market downturn reflects escalating worries about the economic impact of renewed COVID-19 outbreaks and potential lockdowns.

Sihasak urges Thais in Europe to stay alert as protests spread

Yesterday 12:06 Key points summarised by AI

Thai Foreign Minister Sihasak Phuangketkeow advises Thai nationals in Europe to avoid protest areas and reconsider non-essential travel, citing widespread unrest in countries like France, Italy, and Spain.
The warning comes as demonstrations escalate, with some turning violent, prompting concerns for safety and leading to an emergency Cabinet meeting in Italy and a proposed postponement of diplomatic talks.
Thai embassies and the Department of Consular Affairs issue advisories, urging citizens to monitor local developments, follow official announcements, and register their travel details for assistance, while emphasizing that no Thais have been directly affected yet.