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Australian shares post worst week since mid-March on US debt jitters

Australian shares inched higher on Friday, although the index posted its worst weekly performance in more than two months with investors staying on the sidelines as the deadline nears for the U.S. debt ceiling talks to avoid a default.

ANALYSIS-Omicron is a wake-up call for COVID-19 vaccine developers

Arrival of the highly-mutated Omicron variant is a wake-up call to develop vaccines less susceptible to the rapid changes of the coronavirus, leading virologists and immunologists told Reuters.

FACTBOX-Countries vaccinating children against COVID-19

The U.S. Food and Drug Administration's committee of outside experts will weigh in on authorisation of Pfizer Inc and BioNTech SE's COVID-19 vaccine for emergency use in children aged 5-11.

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