Tag: Businesses in COVID-19

‘Continued Border Uncertainty’: 20,000 Travellers Impacted by Axing of Trans-Tasman Flights

November 22, 2021
Air New ZealandAsia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusInternationalJacinda ArdernNew ZealandWorld
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Air New Zealand estimates 20,000 customers will be affected after New Zealand’s (NZ) flag carrier axed 1,000 flights to Australia saying uncertainty around international border policy forced its hand. Leanne Geraghty, Air New Zealand’s chief customer and sales officer, said that “due to recent statements by the NZ government that quarantine-free travel between Australia and…

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Hong Kong Authorizes China-Made COVID-19 Jabs for Children Aged 3–17

November 21, 2021
Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyHK Current AffairsHK LifeHong KongINSIDE CHINASinovacSocial IssuesVaccine
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Hong Kong has lowered the age limit for China’s Sinovac vaccine from 18 to 3 years old, as the regime in Beijing pursues a zero-COVID-19 policy and a broader vaccination campaign. “Adolescents aged 12 to 17 will be accorded priority to receive the [Sinovac-]CoronaVac vaccine, with a view to extending to children of a younger…

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Navy Shipbuilding Contractor Suspends Vaccine Mandate After Workers Threaten to Leave

November 20, 2021
AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCOVID-19NavyPolicies & ImpactsshipbuilderSocial IssuesUSUS NewsVaccinevaccine mandateVaccines & Safety
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A Navy shipbuilding company has ended its vaccine mandate after workers threatened to quit and the Navy confirmed it did not require the mandate. Huntington Ingalls Industries (HII), the parent company of Newport News Shipbuilding, is the world’s only manufacturer of the U.S. Navy’s nuclear-powered aircraft carriers. The company also serves as just one of…

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Ford, Rivian Dump Plans to Jointly Develop a Ford Electric Vehicle

November 20, 2021
Business & EconomyBusinesses in COVID-19CompanieseconomyelectricFordLocal NewsMichiganRegional-Local NewsRivianTechUSUS Newsvehicle
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Ford Motor Co. and Rivian Automotive Inc. have dropped plans to jointly develop an electric vehicle, Ford confirmed on Friday. “We respect Rivian and have had extensive exploratory discussions with them,” a spokesperson told Reuters. “However, both sides have agreed not to pursue any kind of joint vehicle development or platform sharing.” Ford owns about…

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Japan PM Confirms Oil Reserves May Be Released to Curb Prices

November 20, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyfumio kishidaGold & CommoditiesInternationalJapanMarketsMiddle EastOilpricesreservesUSWorld
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TOKYO—Japan is considering releasing oil from its reserves for the first time to curb surging oil prices, Kyodo news agency reported on Saturday, as Prime Minister Fumio Kishida signaled his readiness to counter oil price hikes following a request from the United States. However, Japan may struggle to justify such a move, as under its…

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Business Lobby Files Court Notice Over Biden’s Vaccine Mandate: Stop ‘Bullying Businesses to Comply’

November 20, 2021
AMERICABusiness & EconomyBusinesses in COVID-19CCP ViruseconomyExecutive BranchOSHAPoliticsUSUS Newsvaccine mandateVaccines & Safety
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The Job Creators Network (JCN), a business advocacy group, has filed a notice with the Sixth Circuit Court of Appeals—which is hearing all legal challenges to President Joe Biden’s COVID-19 vaccine requirement—and sent a letter to the president saying the group expects the White House to comply with a court decision to freeze the mandate. “We…

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Nasdaq Ends Atop 16,000 Mark for the First Time on Tech Strength

November 20, 2021
Business & EconomyBusinesses in COVID-19CompaniesEconomieseconomyGold & CommoditiesInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsstocksTechUSUS NewsUSA
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The Nasdaq Composite Index closed above 16,000 points for the first time on Friday, in its second-straight record finish powered by technology stocks, while pandemic jitters sent the Dow to its fourth losing session in the last five. Both the Nasdaq and S&P 500 index scored a winning week, up 1.2 percent and 0.3 percent…

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Global Companies Set to Deliver Record Dividends This Year

November 19, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19CompaniesdividendsEconomieseconomyEuropeglobalInternationalInvestmentLocal NewsMarketsNew YorkRegional-Local NewsUKUSUS NewsWorld
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Global corporate dividends are set to reach a record high this year, as a rebound in business activity and a rise in consumer demand boosted profits for most sectors which were hit by the pandemic last year. According to a Reuters analysis of Refinitiv data for 3,394 global companies with market capitalization of at least…

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Bosch Workers Protest Against Factory Closures, Job Cuts

November 19, 2021
boschBusiness & EconomyBusinesses in COVID-19closuresCompaniesEconomiesEuropefactoryprotestworkersWorld
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BERLIN—Several thousand workers at autos supplier Robert Bosch protested in Germany on Friday against planned plant closures and job relocations which the company said are needed to adapt to changing demand in the transition to electric vehicles. Around 3,000 workers from various plants gathered outside a Bosch plant in Buehl, union IG Metall said, where…

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BoE’s Pill Sees Growing Case for December Rate Rise, but No Guarantee

November 19, 2021
bankBoEBritainBusiness & EconomyBusinesses in COVID-19decembereconomic policiesEconomiesHuw PillinflationMarketsrateUKWorld
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BRISTOL, England—Bank of England chief economist Huw Pill said the weight of evidence was shifting towards a rise in interest rates next month but that he had not made a decision, and markets would do better to focus on the longer term. Speaking to reporters at an economics conference in Bristol, Pill also cautioned against…

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