Early knowledge from the U.S. means that, as in Britain, Denmark and South Africa earlier than it, the new Omicron variant of the coronavirus will spread rapidly. The share of circumstances attributable to Omicron has elevated to 2.9 p.c from 0.4 p.c in only a week within the U.S., and it’s far increased in some areas of the nation.

A lot remains to be unknown in regards to the variant. Scientists consider that the vaccines will nonetheless present safety in opposition to the worst outcomes, notably for individuals who have acquired booster photographs, although breakthrough infections might be widespread. There’s early proof that T cells, which can assist stave off extreme illness, ought to nonetheless acknowledge the variant even when it evades antibodies produced by the vaccines.

To maintain Omicron at bay, France has banned nonessential travel to and from Britain, which yesterday reported 88,376 new cases, a second consecutive day by day document. France had already closed nightclubs for 4 weeks and tightened some guidelines in faculties because it confronted a surge in cases attributed to the Delta variant.

The Federal Reserve, the Financial institution of England and the European Central Financial institution are charting a course toward less economic support, as quickly rising inflation burdens shoppers and worries policymakers. Worth pressures are lingering and, within the U.S., proving broader than many had anticipated.

The Fed introduced on Wednesday that it might gradual its bond purchases, which ought to place it to boost rates of interest as quickly as March. The Financial institution of England took that step yesterday, stunning analysts by elevating rates of interest. And the European Central Financial institution introduced that it might gradual and shortly cease a pandemic-era bond-buying program.

However the specter of the Omicron variant hovered over the banks’ selections. Caseloads are rising quickly in some locations, and there are fears that the extremely transmissible variant might but result in overwhelmed hospitals — usually the impetus for native financial shutdowns that toss folks out of jobs and gradual client spending.

Evaluation: “The core problem is: We’re coping with many uncommon and unfamiliar transferring elements within the economic system,” stated Bernard Baumohl, chief international economist on the Financial Outlook Group. “The dynamics are actually difficult this time.”

The Upshot: Why is Jerome Powell, the U.S. Federal Reserve chair, pivoting towards a tighter financial coverage? Our columnist explains.

E.U. leaders issued a stern warning to Russia yesterday, promising “large penalties and extreme prices” ought to President Vladimir Putin begin a brand new army operation in opposition to Ukraine. “Any additional aggressive acts in opposition to Ukraine may have large prices for Russia,” stated Ursula von der Leyen, the European Fee president.

Greater than 100,000 Russian troops have been deployed in elements of Ukraine, together with heavy artillery and tank models. There isn’t any indication that Putin has determined to start an assault, and there’s no consensus amongst Western officers and analysts about why he may need to achieve this now, although he has grown more and more fixated on Ukraine over the past yr.

At a separate assembly on Thursday, NATO denounced the Russian army buildup however stated nothing about offering the extra weaponry or troops Ukraine was searching for.

Risk: The U.S., the E.U. and NATO have stated {that a} new Russian incursion into Ukraine could be met with harsh sanctions, presumably together with the abandonment of a favourite Kremlin undertaking, the Nord Stream 2 gasoline pipeline to Germany. Olaf Scholz, Germany’s new chancellor, warned of a “high price” for Russia.

“There isn’t any document of, nor any information of, your identify or your appointment,” the e-mail from an affiliate dean at Harvard stated. It concluded: “I want you one of the best in your future.”

For over a yr, outstanding ladies in India, together with journalists, have been reeled into a web-based rip-off, providing them dream jobs at Harvard College. However who targeted them, and why, remains a mystery.

As Lindsay Zoladz writes in The Occasions, “A little bit of cultural flotsam from the final 25 years would immediately drift again as much as the highest of our collective consciousness and unfold wildly, demanding renewed consideration within the context of the current.”

Past the previous quarter-century, different tasks helped shine a light-weight on missed items of historical past. The documentary “Summer season of Soul” introduced new viewers to the Harlem Cultural Festival, concert events carried out by Nina Simone, Stevie Marvel and others in 1969 because the Black Energy motion grew more and more outstanding.

“The lesson to be taken from all these reconsiderations will not be essentially how a lot wiser we are actually,” Lindsay writes, “however how tough it’s to see the biases of the current second.”

That’s it for right now’s briefing. Have a peaceable weekend. — Natasha

P.S. Kara Swisher, the host of “Sway,” an interview present by The Occasions, talked to Women’s Wear Daily about making podcasts.

The newest episode of “The Daily” is about America’s abortion struggle.

Sanam Yar wrote right now’s Arts and Concepts. You’ll be able to attain Natasha and the staff at briefing@nytimes.com.