Tag: Businesses in COVID-19

Stocks Roar Higher as Traders Park COVID-19 and Fed Jitters

December 1, 2021
AMERICAAsia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesCOVID-19District of Columbiaeconomic policieseconomyEuropeFedGold & CommoditiesinflationInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkRegional-Local NewsstocksTexasUSUS NewsWorld
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LONDON—Stock markets roared higher on Wednesday, reversing much of the previous session’s losses, as investors used the dip in prices to bet the latest COVID-19 variant would not derail the economic recovery. The EUROSTOXX rose 1.1 percent in early trading while Britain’s FTSE 100 rallied 1.3 percent and Germany’s DAX 0.75 percent. Wall Street futures…

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UK Services Industry Sees Record Cost Inflation: CBI

November 30, 2021
Business & EconomyBusinesses in COVID-19CBICompanieseconomyIndustryinflationservicesUKWorld
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LONDON—Costs are rising at the fastest rate in over 20 years for firms in Britain’s services sector, according to a business survey released on Tuesday which shows why the Bank of England may soon raise interest rates. The Confederation of British Industry said its quarterly survey of the services sector showed the quickest growth in…

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Inflation Worries Send US Consumer Confidence to Nine-Month Low: Conference Board

November 30, 2021
Business & EconomyBusinesses in COVID-19consumer confidenceconsumer sentimenteconomic policieseconomyinflationPolicies & ImpactsUSUS News
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Inflation concerns and, to a lesser extent, lingering worries about the pandemic drove U.S. consumer confidence down to a nine-month low in November, according to The Conference Board. The Conference Board’s consumer confidence index fell in November to a reading of 109.5, down from 111.6 in October, according to a Nov. 30 release. The downtick represents…

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WTO Seeks Deals in Early 2022 Despite Postponing Major Meeting

November 30, 2021
Business & EconomyBusinesses in COVID-19economic policieseconomyEuropeInternationalmeetingtradeWorldWTO
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GENEVA—The World Trade Organization should be able to wrap up negotiations on fishing subsidies and a response to the COVID-19 pandemic early in 2022 even after postponing its ministerial meeting this week, its director-general said on Tuesday. Ngozi Okonjo-Iweala, addressing a briefing on the day its ministerial conference (MC12) was due to start, said the…

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Hong Kong’s Zero-Covid Policy Keeps Movers Busy, Gives Recruiters Headaches

November 30, 2021
Business & EconomyBusinesses in COVID-19CCP VirusChinaCompaniesCOVID-19economyHK BusinessHK Current AffairsHong KongINSIDE CHINArecruiters
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HONG KONG—Hong Kong’s zero-Covid policy is driving foreign talent out of the financial hub and putting off newcomers even as some firms offer pay packages not seen since the lavish days before the collapse of Lehman Brothers in 2008. While the new Omicron variant has renewed anxiety around the world, leading some countries to tighten…

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Shoppers Return to Stores on Black Friday

November 30, 2021
black fridayBusiness & EconomyBusinesses in COVID-19economyRetailThanksgivingUSUS News
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Millions of American shoppers returned to shop and spend at retail stores over the Thanksgiving holiday weekend, as foot traffic rose 61 percent compared to last year, according to RetailNext, but still below pre-pandemic numbers. Though sales have rebounded from the 2020 pandemic sales slump, Black Friday traffic at brick and mortar stores this year is…

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China Factory Activity Rebounds in November, Slow Growth Pace Remains

November 30, 2021
Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & Economyfactory activityFinance & Business Tiesnational bureau of statisticsPMISpecial Topics
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China’s factory activity picked up in November after two months of contraction, yet still the third lowest in about 20 months, despite the ease of mass power rationing and raw material price surges. China’s manufacturing purchasing managers’ index (PMI) for November was 50.1, up from 49.2 in October—the first time it exceeded the 50 mark…

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Germany’s Incoming Finance Minister Rings Alarm Bell on Inflation

November 30, 2021
Business & EconomyBusinesses in COVID-19Christian LindnereconomyEuropefinanceGermanyinflationWorld
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BERLIN—Germany’s incoming Finance Minister Christian Lindner on Tuesday vowed to champion solid public finances and a reduction of debt levels across the euro zone so that the European Central Bank (ECB) could fight inflation without hesitation if needed. Lindner’s comments, posted on Twitter, came after data showed on Monday that German consumer price inflation accelerated…

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Main IKEA Retailer’s Profits Jump Despite ‘Unprecedented Challenges’

November 30, 2021
Business & EconomyBusiness ColumnistsBusinesses in COVID-19CompanieseconomyEuropeIKEAIngkaInternationalMarketsprofitssupplyWorld
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STOCKHOLM—Ingka Group, the owner of most IKEA stores world-wide, reported on Tuesday a jump in annual profit on the back of record demand for home furnishing as people stay at home more due to the pandemic. Despite more temporary store closures due to pandemic related restrictions than the year before, and product shortages due to…

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Biden Meets Major Retailers to Discuss Supply Chain During Holidays

November 30, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyExecutive Branchfood inflationinflationPoliticssupply chain disruptionThanksgiving mealUSUS News
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President Joe Biden met with CEOs of major U.S. retailers in a Cyber Monday roundtable to discuss the supply chain crisis amid rising prices and growing concern that products may not be available during the holiday season. “The business leaders gathered here today represent a broad swath of American shopping,” Biden said in his opening…

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