Tag: Businesses in COVID-19

Global Stocks Follow Wall Street Lower Before US Inflation Data

December 10, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policieseconomyEuropeglobalGold & CommoditiesHK BusinessHong KongIndiainflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsstocksUKUSUS NewsVaccines & SafetyWorld
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BEIJING—Global stock markets declined Friday ahead of U.S. inflation data that might influence a Federal Reserve decision on when to roll back economic stimulus. London and Frankfurt opened lower. Shanghai, Tokyo, and Hong Kong retreated. Fed officials, due to meet next week, have said plans to wind down bond purchases and other stimulus that is…

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Hedge funds in November Suffer the Worse Decline Since the Pandemic

December 9, 2021
Business & EconomyBusinesses in COVID-19CCP Viruseconomyhedge fundsInvestmentMarket WatchMarketsOmicron variant
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Hedge funds in November suffered their worse monthly decline since the start of the pandemic in March 2020. A global market selloff sparked by concerns over the Omicron CCP (Chinese Communist Party) virus variant led to the poor performance, according to a Dec. 8 report from HedgeFund Research. Hedge funds lost 1.7 percent last month,…

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Starbucks Employees Vote to Form Union, the First in Company History

December 9, 2021
Business & EconomyBusinesses in COVID-19Companieseconomylabor unionsSocial IssuesStarbucks Corp.US
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Starbucks workers in three locations in Buffalo, New York, have voted on Dec. 9 to unionize, the first U.S. stores to be represented by a union in the company’s 50-year history. This comes after the majority of ballots counted by the National Labor Relations Board (NLRB) from among the 100 Starbucks workers eligible to vote were…

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Volkswagen Ramps Up E-mobility Spending to $59 Billion by 2026

December 9, 2021
Business & EconomyBusinesses in COVID-19CompanieselectricEuropemobilityspendingVolkswagenWorld
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FRANKFURT—Volkswagen on Thursday said it would ramp up spending for battery-powered electric vehicles by around 50 percent to 52 billion euros ($59 billion) by 2026 as part of the group’s far-reaching transformation. The investment is part of Volkswagen’s new revolving 5-year spending plan, which foresees total investments of 159 billion euros in the 2022–2026 period,…

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Euro Slips, Dollar Rises With Central Banks in Focus; Yuan Drops

December 9, 2021
Asia & PacificAustraliabanksBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyDollareconomyeuroEuropeForexGold & CommoditiesinflationInternationalInvestmentMarket WatchMarketsUKUSUS NewsWorld
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London—The euro, pound, and dollar stabilised on Thursday as China’s yuan fell from a 3–1/2-year high and was set for its biggest drop in more than four months. With the U.S. Federal Reserve, European Central Bank, and Bank of England among those meeting to discuss monetary policy next week, investors will be keenly watching for forward…

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Blanket Travel Restrictions in UK Doing ‘Huge Damage’ to Aviation Industry: IATA

December 9, 2021
Airlines IATABusiness & EconomyBusinesses in COVID-19CompaniesCOVID travel restrictionseconomic policiesOmicron variantUKWorld
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The director general of the International Air Transport Association (IATA) blamed the UK government for implementing excessive and non-scientific travel restrictions immediately upon hearing the news of the Omicron variant. “We are going to have more of them [variants]. We can’t keep shutting down aviation and shutting down economies when, in reality, it’s not providing…

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Japan’s Cash in Circulation Grows at Slowest Pace in 19 Months

December 9, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19casheconomyJapanWorld
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TOKYO—The total amount of money circulating in Japan rose at the slowest annual pace in 19 months in November, as firms and households saw less need to hoard cash with the economy emerging from the initial shock caused by the COVID-19 crisis. The data underscores how Japan’s economy is normalising from last year’s pandemic crunch,…

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German Exports Shoot Up 4.1 Percent in October

December 9, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyEuropeexportsGermanMarketstradeWorld
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BERLIN—German exports grew at their strongest pace in more than a year in October despite persistent supply bottlenecks in manufacturing, data showed on Thursday. Seasonally adjusted exports increased by 4.1 percent on the month after falling in August and September, the Federal Statistics Office said. Imports also saw an unexpected leap, growing 5 percent after…

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Nightclubs Warn of ‘Catastrophic’ Impact of COVID-19 Passports in England

December 9, 2021
Business & EconomyBusinesses in COVID-19CCP VirusCovid passportsEnglandnightclubsUKWARNINGWorld
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Nightclub bosses say they are being unfairly singled out with the rollout of COVID-19 passes across sites in England, and that thousands of jobs are at risk across the sector. The nighttime industry is bracing for a large drop in earnings after Prime Minister Boris Johnson announced new CCP (Chinese Communist Party) virus restrictions called…

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Oil Slips After Restrictions to Counter Omicron Variant

December 9, 2021
AfricaAsia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusChinaCompanieseconomic policieseconomyEuropeGold & CommoditiesInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastOilOmicronRegional-Local NewsSpecial TopicsTexasUKUSUS NewsVaccines & SafetyWorld
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LONDON—Oil prices eased after early gains on Thursday after measures by some governments to slow the spread of the Omicron coronavirus variant, though losses were capped by comments from vaccine makers about the efficacy of their jabs. Brent crude futures fell 47 cents, or 0.6 percent, to $75.35 a barrel by 1004 GMT after touching…

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