Coronavirus live news: UK approves Oxford/AstraZeneca vaccine; Taiwan records first case of new variant

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Latest updates: new vaccine can be easily transported so rollout could be swift; person who returned to Taiwan tests positive for new variant; Norway extends UK flight ban

European stocks edged higher on Wednesday as the UK approved the Oxford/AstraZeneca Covid-19 vaccine, while bets of more US fiscal aid and massive vaccination efforts spurred hopes of a strong global economic recovery next year.

The pan-European STOXX 600 rose 0.1% by 0810 GMT, hovering near a 10-month high hit in the previous session.

It is truly fantastic news - and a triumph for British science - that the @UniofOxford /@AstraZeneca vaccine has been approved for use.

We will now move to vaccinate as many people as quickly as possible. pic.twitter.com/cR4pRdZJlT

Authorities restricted movement and tightened curbs on gatherings in Sydney, Australia on Wednesday, hoping to avoid a coronavirus “super spreader” event during New Year’s Eve celebrations after finding a new cluster of infections.

Household gatherings were limited to five people while the maximum number of people allowed to gather in public in Sydney was capped at 30.

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