Tag: Businesses in COVID-19

Japan’s Toyota Promises More Electric Models, Investment

December 14, 2021
Akio ToyodaAsia & PacificBusiness & EconomyBusinesses in COVID-19CompanieseconomyelectricInvestmentJapanMarketsmodelsToyotaWorld
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TOKYO—Japanese automaker Toyota is beefing up its electric vehicle lineup, offering 30 new fully electric models by 2030, its president, Akio Toyoda, said Tuesday. Toyota Motor Corp. plans to sell 3.5 million electric vehicles globally in 2030, he said, up from its earlier plan to sell 2 million zero emission hydrogen and battery electric vehicles…

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Investors Raise Cash on Hawkish Central Banks Worries

December 14, 2021
banksBofABusiness & EconomyBusinesses in COVID-19Companieseconomic policieseconomyInternationalInvestmentinvestorsLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsUSUS NewsWorld
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Investors raised cash allocations to 5.1 percent on growing concerns over central bank hawkishness, BofA Securities’ monthly fund manager survey showed before key policy decisions this week by the U.S. Federal Reserve and other big central banks. The U.S. investment bank said “hawkish central banks” was the biggest tail risk and that has sparked a…

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Supply Chain Disruptions Cloud German Machinery Outlook

December 14, 2021
Business & EconomyBusinesses in COVID-19CCP ViruschainCompaniesDisruptionseconomyEuropeGermanInternationalmachineryMarketssupplyVDMAWorld
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BERLIN—A group representing Germany’s machinery industry said Tuesday it expects a weaker rebound in production this year than previously forecast because of persistent supply chain bottlenecks. The VDMA group said it now expects production to grow by 7 percent this year to a value of about 219 billion euros ($247 billion), down from the 10…

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World Shares Mixed as Markets Await Word From Fed Meeting

December 14, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policieseconomyEuropeFedGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechmeetingMiddle EastNew YorkNY NewsRegional-Local NewsSharesTexasUKUSUS NewsWorld
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BANGKOK—Shares opened higher in Europe on Tuesday after Asian shares followed Wall Street lower as investors awaited fresh U.S. inflation data and the outcome of a meeting of the Federal Reserve. Benchmarks advanced in Paris, London, and Frankfurt, but fell in Hong Kong, Shanghai, and Tokyo. The Labor Department’s Producer Price Index for November is…

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Moderna Inks Deal With Australia, Victoria to Produce 100 Million mRNA Vaccine Doses

December 14, 2021
AustraliaAustralia COVID-19Business & EconomyBusinesses in COVID-19CCP VirusCompaniesInternationalModernaUSUS NewsVaccines & SafetyWorld
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The Australian and Victorian state government has inked a $2 billion (US$1.4 billion) deal with U.S. pharmaceutical giant, Moderna, to build a new facility that will be capable of producing 100 million mRNA vaccine doses per year. The Morrison government announced the deal on Dec. 14, as part of its strategy to shore up the…

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Stocks Pull Back From Records, Weighed Down by Tech, Energy

December 14, 2021
Business & EconomyBusinesses in COVID-19CCP ViruseconomyMarketsstocksUSUS News
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Technology and energy companies helped pull stocks lower on Wall Street Monday, a downbeat start to the week following the market’s best weekly gain since February. The S&P 500 fell 0.9 percent, giving back some of its gains after the benchmark index climbed to an all-time high Friday. The Dow Jones Industrial Average fell 0.9…

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OPEC Remains Steady on Demand for Oil in 2022

December 13, 2021
Business & EconomyBusinesses in COVID-19CCP ViruseconomyGold & CommoditiesOilOmicron variantOPECWorld
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OPEC said it believes that the Omicron variant will not have as much of an impact as widely feared on Dec. 13, leaving its forecast for global oil demand unchanged for the first quarter of 2022. “The impact of the new Omicron variant is expected to be mild and short-lived, as the world becomes better…

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Consumers Are Spending ‘at a Faster Rate’: Bank of America CEO

December 13, 2021
Bank of AmericaBusiness & EconomyBusinesses in COVID-19Companiesconsumer spendingeconomyinflationU.S. InflationUS
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Bank of America Chairman and CEO Brian Moynihan says consumers are spending “at a faster rate” but that he is still concerned about rising inflation and supply-chain issues affecting the economy this winter. Moynihan told the Associated Press he sees robust consumer spending driving economic growth in the coming year, but said the recent decline in…

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German Wholesale Prices See Record Jump as Raw Material Costs Soar

December 13, 2021
Business & EconomyBusinesses in COVID-19CompaniescostseconomyEuropeinflationmaterialWorld
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BERLIN—German wholesale prices rose by 16.6 percent on the year in November, official data showed on Monday, recording their biggest annual rise since data collection for the measure began in 1962 and suggesting higher consumer prices may follow. The price measure is widely considered an indicator of future inflationary tendencies as wholesale trade is the…

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UK Airlines Say COVID-19 Travel Curbs ‘Disproportionate’

December 13, 2021
Boris JohnsonBusiness & EconomyBusinesses in COVID-19CCP VirusCOVID-19Heathrow AirportOmicronpre-departure teststravel restrictionsUKWorld
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Leaders of Britain’s major airlines and travel companies have written to Prime Minister Boris Johnson, complaining about the “haphazard and disproportionate” travel restrictions imposed after the detection of the Omicron COVID-19 variant and urging the government to help the travel industry survive the crisis. Under restrictions introduced to slow the spread of Omicron, all travellers…

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