LONDON—Manufacturing activity in the euro zone remained resilient at the end of 2021 as factories took advantage of an easing in supply chain bottlenecks and stocked up on raw materials at a record pace, a survey showed. The global coronavirus pandemic had left factories struggling to get the materials they need and sent costs soaring,…
Euro Zone Factory Growth Stayed Strong in December as Supply Issues Eased: PMI
Goldman Sachs Extends Return-to-Office Plans for Employees to Jan. 18
Goldman Sachs Group Inc. has changed its return-to-office plans for employees and is now asking eligible U.S. staff to work from home until Jan. 18. Goldman’s offices will continue to remain open with previously announced COVID-19 safety protocols which include a vaccine and booster requirement for eligible persons, bi-weekly testing, and mandatory masks, according to a company…
Vietnam Says China ‘Zero COVID’ Policy Over the Top Amid Cargo Congestion at Border
January 3, 2022
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Asia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomySpecial TopicsVietnamWorld
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Vietnam’s Ministry of Industry and Trade has called on China to ease border measures, saying that the Chinese regime’s zero COVID-19 policy was “over the top” and has been causing cargo congestion at border crossings since early December. China has maintained its “zero COVID-19” strategy of mass testing, mass lockdowns, and strict border controls in…
‘Commercial Interests Colliding With Public Health’ in COVID-19 Vaccine Industry: Researcher
January 2, 2022
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AstrazenecaAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesCOVAX-19Expert ViewmRNAmRNA vaccineNikolai PetrovskyPfizerSpikogenTherapeutic Goods AdministrationVaccines & SafetyWorld
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Billions of dollars in government funding ploughed into COVID-19 vaccine research during the pandemic has helped push the boundaries of drug research beyond their usual limits in the race to create the jab, says lead researcher of the Spikogen (or COVAX-19) vaccine. Professor Nikolai Petrovsky says the pandemic has been a springboard for major drug…
Over 2,200 Flights Canceled Sunday Amid COVID-19 Staffing Issues, Snowstorm
More than 2,000 flights have been canceled on Sunday, the day after New Year’s, amid staffing shortages and poor weather conditions in some parts of the United States. Some 2,233 flights have been canceled within, into, or out of the United States as of Sunday morning, according to tracking website FlightAware. Meanwhile, about 3,000 delays…
More Than 2,200 Flights Canceled on Jan. 2 Amid COVID-19 Staffing Issues, Snowstorm
More than 2,200 flights have been canceled on Jan. 2, the day after New Year’s, amid staffing shortages and poor weather conditions in some parts of the United States. Some 2,233 flights within, into, or out of the United States were canceled on the morning of Jan. 2, according to tracking website FlightAware. About 3,000 delays…
France Cuts Isolation for COVID-Positive to 7 Days From 10 Days
January 2, 2022
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PARIS—French Health Minister Olivier Veran said on Sunday the isolation period for fully vaccinated people who test positive for COVID-19 would be cut to seven days from 10 days. French authorities followed other countries such as the United States, which this week cut the isolation period to prevent disruptions in industries for lack of staff….
EU Records First Drop in Sparkling Wine Exports in Decade as Champagne Loses Its Fizz
BRUSSELS—The European Union’s exports of sparkling wine to the rest of the world fell last year for the first time in a decade, Eurostat said on Friday, largely because of a massive drop in champagne sales, though prosecco and cava sold well. The COVID-19 pandemic dampened wine trade globally in 2020, the latest year for…
Cathay Pacific Suspends Cargo Flights Due to Virus Controls
January 1, 2022
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Asia & PacificBusiness & EconomyBusinesses in COVID-19Cathay PacificCCP VirusChinaCompaniesflightHong KongInternationalsuspendVirusWorld
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HONG KONG—Hong Kong’s Cathay Pacific Airlines is suspending cargo flights for a week due to stricter quarantine requirements for air crews, potentially adding to strain on global supply chains. Long-haul flights to Europe, across the Pacific and to Riyadh and Dubai are suspended through Jan. 6, the airline said Thursday. It promised to try to…
Weekly Jobless Claims Drop Below Pre-Pandemic Levels in Sign of Continued Labor Market Tightness
The number of weekly jobless filings—a proxy for layoffs—dropped by 8,000 from the prior week to below pre-pandemic levels, delivering a fresh sign of continued tightening in the U.S. jobs market. First-time filings for unemployment insurance fell to 198,000 for the week ending Dec. 25, the Labor Department said in a report (pdf). The four-week…
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