Tag: Businesses in COVID-19

Global Stocks Higher as Investors Await US Inflation

December 9, 2021
AfricaAsia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policieseconomyEuropeglobalGold & CommoditiesHK BusinessHong KongIndiainflationInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsstocksUKUSUS NewsWorld
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BEIJING—Global stocks were mostly higher Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve’s decision on when to roll back economic stimulus. London and Frankfurt opened higher while Tokyo declined. Shanghai, Hong Kong, and Seoul also advanced. Wall Street futures were lower after stocks rose for a third day Wednesday…

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Union Open to Challenging Airline Industry Vaccine Mandate Following Landmark Decision

December 9, 2021
Asia & PacificAustraliaAustralia COVID-19BHPBusiness & EconomyBusinesses in COVID-19CCP VirusInternationalQantasvaccine mandateVaccines & SafetyWorld
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The major decision last week by Australia’s workplace tribunal to strike down a vaccine mandate by mining giant, BHP, has opened the door for other unions to consider challenging similar orders in their sectors. The Australian Licenced Aircraft Engineer’s Association (ALAEA) said it would consider challenging vaccine mandates handed down by national carrier Qantas. “The…

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Amazon’s Trucking Ambitions Bump Up Against Driver Shortage, Competition

December 9, 2021
AmazonBusiness & EconomyBusinesses in COVID-19CompaniestrucksUSUS News
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LOS ANGELES/CHICAGO—Amazon.com Inc.’s push to recruit big-rig contractors to haul goods across its web of warehouses is colliding with a trucker shortage as the e-commerce company moves what are expected to be record numbers of packages this holiday season. Its project, called Amazon Freight Partners (AFP), enlists independent trucking companies to move goods between Amazon…

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Urea Shortage is Putting Pressure on Global Food Prices

December 8, 2021
Business & EconomyBusinesses in COVID-19economyfertilizerfood pricesfuel pricesWorld
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Urea, a key ingredient in agricultural fertilizer and diesel fuel, is skyrocketing in price due to disruptions in the global supply of this essential chemical. The dramatic rise in the cost of urea exports, which have in turn led to increased food and fuel prices, is exposing the vulnerabilities of an interconnected supply chain. The…

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Wall Street Mixed as Omicron Worries Cloud Vaccine Update

December 8, 2021
AfricaBusiness & EconomyBusinesses in COVID-19CCP VirusCompanieseconomic policieseconomyGold & CommoditiesInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsOmicronRegional-Local NewsstocksUKUSUS NewsVaccineVaccines & SafetyWorld
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U.S. stock indexes struggled for direction on Wednesday after a strong start to the week, as investors digested a fresh update on Pfizer and BioNTech’s COVID-19 vaccine, while the fast-spreading Omicron variant kept bigger bets in check. Pfizer and BioNTech said their three-shot course of COVID-19 vaccine was able to neutralize the new Omicron variant…

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Job Openings Rebound to Near-Record High in Fresh Sign of Tightening Labor Market

December 8, 2021
Business & EconomyBusinesses in COVID-19economyjob openingslabor marketquitsUSUS News
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Job openings in the United States rebounded to a near-record high in October while the total number of people leaving their jobs edged down, delivering a fresh sign of continued labor market tightness and suggesting that the recent moderation in employment growth was due to a shortage of workers rather than falling demand. The Labor…

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Southwest Expects to Be Profitable in Fourth Quarter on Stronger Travel Demand

December 8, 2021
airlinesBusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesdemandeconomyLocal NewsRegional-Local NewssouthwestTexasTravelUSUS NewsWorld
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Southwest Airlines said on Wednesday that it was expecting to be profitable in the fourth quarter on the back of stronger travel demand and fares. It had previously forecast a loss for the quarter, citing mounting costs. The Texas-based carrier, which has had to cancel flights en masse partly due to staff shortages, said it…

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JPMorgan Says 2022 to See Full Global Recovery

December 8, 2021
Business & EconomyBusinesses in COVID-19CCP VirusCompanieseconomyglobalInternationalJPMorganMarketsRecoveryUSUS NewsWorld
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LONDON—U.S. investment bank JP Morgan predicted on Wednesday that 2022 will mark the end of the coronavirus pandemic and see a full global economic recovery. Marko Kolanovic, its Chief Global Markets Strategist & Co-Head of Global Research, said the bank expected the U.S. S&P 500 to rise nearly 8 percent to 5050 points, emerging market…

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Wall Street Inches Higher at Open After Vaccine Update

December 8, 2021
Business & EconomyBusinesses in COVID-19CCP ViruseconomyInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsOmicronRegional-Local NewsstocksUSUS NewsVaccineVaccines & SafetyWorld
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Wall Street’s main indexes opened higher on Wednesday after Pfizer and BioNTech said a three-shot course of their COVID-19 vaccine was shown to have a neutralizing effect against the new Omicron coronavirus variant in a laboratory test. The Dow Jones Industrial Average rose 2.58 points, or 0.01 percent, at the open to 35,716.85. The S&P…

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Tesla Sold 52,859 China-Made Vehicles in November: CPCA

December 8, 2021
autoBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompaniesCPCAeconomyLocal NewsNorthern CalifornianovemberRegional-Local NewsteslaUSUS News
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BEIJING—U.S. electric vehicle maker Tesla Inc. sold 52,859 China-made vehicles in November, including 21,127 for export, the China Passenger Car Association (CPCA) said on Wednesday. Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 54,391 China-made vehicles in October, including 40,666 that were exported. Chinese EV makers Nio Inc….

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