Tag: Businesses in COVID-19

Australian Workplace Tribunal Rules Vaccine Mandate Unlawful

December 3, 2021
Asia & PacificAustraliaAustralia COVID-19BHPBusiness & EconomyBusinesses in COVID-19CCP VirusFair Work CommissionFWCInternationalNew South Walesvaccine mandateVaccines & SafetyWorld
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Australia’s workplace arbitrator has ruled that a vaccine mandate issued by mining giant BHP was not lawful or reasonable—a decision expected to have ramifications across the private sector. The mandate affected workers at the Mt Arthur thermal coal mine in the Hunter Valley, New South Wales. So far, 50 workers have been stood down over…

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Amazon Accused of Massively Underreporting COVID Cases Contracted at Work

December 3, 2021
AmazonBusiness & EconomyBusinesses in COVID-19CaseCompaniesCOVIDeconomyUnderreportUSUS News
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By Amanda Breen At least 20,000 Amazon employees tested postive for COVID-19 last year—and the online retail giant claimed only 27 of those cases were contracted while employees were on the job. In October 2020, Amazon released a report to employees stating that the 19,816 postive tests were among the 1.4 million frontline U.S. employees…

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S&P 500, Dow Surge Over 1 Percent on Boost From Financials, Boeing

December 2, 2021
AMERICABoeingBusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesDoweconomic policieseconomyfinancialsGold & CommoditiesinflationInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsstocksUSUS NewsWorld
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The Dow and the S&P 500 rebounded on Thursday, boosted by financial shares and Boeing in a week so far marked by wild swings on rising angst about the spread of the new Omicron coronavirus variant globally. Boeing Co. jumped 5.7 percent after China’s aviation authority issued an airworthiness directive on the 737 MAX that…

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Weekly Jobless Claims Rise Again After Touching 52-Year Low

December 2, 2021
Business & EconomyBusinesses in COVID-19economyjobless claimsunemploymentUSUS News
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The number of workers applying for unemployment benefits in the United States rose last week after hitting a level not seen in over 50 years the week prior, with analysts generally expecting the rebound, in part due to seasonal data adjustments. First-time filings for unemployment insurance—a proxy for layoffs—came in at 222,000 for the week ending…

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Boeing Lifts Dow at Open After Omicron-Led Selloff

December 2, 2021
BoeingBusiness & EconomyBusinesses in COVID-19CompaniesDoweconomyInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsOmicronRegional-Local NewsstocksUSUS NewsUSA
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The Dow opened higher on Thursday, led by gains in planemaker Boeing, although increasing cases of the new Omicron coronavirus variant across the world continued to drive volatility in markets. The Dow Jones Industrial Average rose 54.21 points, or 0.16 percent, at the open to 34,076.25. The S&P 500 opened lower by 8.31 points, or…

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Euro Zone Producer Prices Surge in October, Unemployment Eases

December 2, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyeuroEuropeEurostatinflationoctoberProducerunemploymentWorld
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BRUSSELS—Euro zone producer prices jumped more than expected in October, data showed on Thursday, driven mainly by a surge in energy prices, while unemployment eased again as the economy continued to recover from the pandemic-induced recession. The European Union’s statistics office Eurostat said prices at factory gates in the 19 countries sharing the euro rose…

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OPEC+ Oil Output Decision in the Balance as Omicron Hammers Prices

December 2, 2021
Business & EconomyBusinesses in COVID-19Companieseconomic policieseconomyGold & CommoditiesInternationalMarketsMiddle EastOmicronOPECoutputUSUS NewsWorld
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LONDON—OPEC and its allies will decide on Thursday whether to release more oil into the market or restrain supply amid big gyrations in crude prices, a U.S. release from oil reserves, and fears over the new Omicron coronavirus variant. Brent has tumbled to about $70 a barrel, down from October’s three-year highs above $86. Prices…

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Global Markets Mixed After Wall Street Decline, Virus Unease

December 2, 2021
AMERICAAsia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policieseconomyEuropeglobalGold & CommoditiesHK BusinessHong KongIndiaInternationalInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsOmicronRegional-Local NewsTexasUKUSUS NewsvariantWorld
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BEIJING—Global stocks and Wall Street futures were mixed Thursday as traders tried to figure out the potential impact of the latest coronavirus variant. London and Frankfurt opened lower and Shanghai and Tokyo fell. Hong Kong advanced. It is unclear whether omicron is more dangerous than other variants. But governments have responded by tightening travel controls….

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Australian Economy Contracted 1.9 Percent During Lockdown Period

December 2, 2021
ANZ BankAustraliaAustralian economyAustralian GDPBusiness & EconomyBusinesses in COVID-19commonwealth bankjosh frydenbergWorld
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The Australian economy contracted by 1.9 percent in the September quarter (Q3), when state lockdowns against the Delta variant of COVID-19 occurred, but it was less than the 2.5 to 3 percent drop that economists were fearing. The Australian Bureau of Statistics (ABS) revealed in the latest National Accounts that despite the quarterly drop, Australia’s…

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Emerging Markets Face a ‘Double Whammy’ in 2022, Citi Says

December 1, 2021
AfricaAmericasAsia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCitiCompanieseconomyEmergingInternationalMarketsWorld
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LONDON—Emerging markets will face a “double whammy” in 2022, caught between limited growth and reduced risk appetite as a result of monetary tightening, David Lubin, head of emerging markets economics at Citi, said on Wednesday. “EM growth will suffer for a variety of reasons to do with weakening external demand growth, lower global trade growth,…

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