Tag: Businesses in COVID-19

‘Totalitarian’: Retail Chain Owner Lambasts State’s New Restrictions on Unvaccinated

November 11, 2021
Annastacia PalaszczukAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusInternationalQueenslandvaccine mandateVaccines & SafetyWorld
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A retail chain owner says he will not mandate the COVID-19 vaccine to his staff or exclude customers based on their vaccination status—calling newly announced health restrictions in Queensland “preposterous and ridiculous.” Heath Goddard, co-founder and CEO of national homewares and bedding retailer, Pillow Talk, was critical of the lack of transparency around medical advice…

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US Postal Service Reports $4.9 Billion 2021 Net Loss

November 10, 2021
Business & EconomyBusinesses in COVID-19CompaniesrevenueUSUS NewsUSPS
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WASHINGTON—The United States Postal Service (USPS) on Wednesday reported a net loss of $4.9 billion for the year ending Sept. 30, narrowing its losses over the prior year. USPS’s operating revenue was $77 billion for the 2021 budget year, an increase of $3.9 billion, or 5.3 percent. It reported a 2020 net loss of $9.2…

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Canada’s Labour Shortage Worsened by Feds’ Pandemic Relief Programs, Say Analysts

November 10, 2021
Business & EconomyBusinesses in COVID-19CanadaCanada pandemic measuresCompanieseconomic policiesEconomiesinflationjobslabour shortagepandemicWorld
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News Analysis Canada’s labour market is facing a massive worker shortage, with some of the causes said to be long-term in nature, but businesses and analysts also say government pandemic support programs have exacerbated the problem. “As was the case prior to the pandemic, the future supply of workers, and the possibility of shortages impeding…

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US Treasury Issues Guidance for $10 Billion Small Business Credit Program

November 10, 2021
BusinessBusiness & EconomyBusinesses in COVID-19Companiescrediteconomic policiesEconomieseconomyguidanceSmalltreasuryUSUS News
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WASHINGTON—The U.S. Treasury Department on Wednesday released new implementation guidance for the $10 billion State Small Business Credit Initiative Program, designed to allow firms in disadvantaged communities access capital. The program, approved under coronavirus relief legislation passed in March, aims to catalyze $10 of private investment for every $1 of federal funding. Treasury said in…

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Dollar Climbs as US Inflation Rises Beyond Expectations

November 10, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CompaniesDollareconomic policiesEconomieseconomyEuropeGold & CommoditiesinflationInternationalInvestmentMarket WatchMarketsMiddle EastUKUSUS NewsWorld
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LONDON/NEW YORK—The dollar rose against major peers on Wednesday, snapping three days of weakness, after U.S. consumer prices surged at their highest rate since 1990 and fuelled fears inflation could prove stickier than Federal Reserve expectations. The consumer price index rose 0.9 percent last month after gaining 0.4 percent in September and in the 12…

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Stocks Slide, Dollar Gains as US CPI Sparks Tightening Fears

November 10, 2021
Asia & PacificBusiness & EconomyBusinesses in COVID-19CompaniesCPIDollareconomic policiesEconomieseconomyEuropefearsGold & CommoditiesinflationInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkNY NewsRegional-Local NewsstocksUKUSUS NewsWorld
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NEW YORK/LONDON—A gauge of global stock markets edged lower and the dollar built on earlier gains on Wednesday after U.S. consumer inflation surged to its highest since 1990, raising concern the Federal Reserve will tighten monetary policy sooner than expected. Real yields on U.S. Treasuries slid to record lows and gold prices reversed course to…

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China Vehicle Sales Fall 9.4 Percent in October: Industry Body

November 10, 2021
Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompaniesEconomiesIndustryoctobersalesvehicle
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BEIJING—China’s auto sales fell in October for a sixth consecutive month, slumping 9.4 percent from a year earlier, industry data showed on Wednesday, as a prolonged global shortage of semiconductors disrupts production. Overall sales in the world’s biggest car market were 2.33 million vehicles in October, data from the China Association of Automobile Manufacturers (CAAM)…

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Nine Governors Press US Lawmakers to Pass Semiconductor Funding Bill

November 10, 2021
billBusiness & EconomyBusinesses in COVID-19CompaniescongressDemocratseconomic policiesEconomieseconomygovernorsIllinoislawmakersLocal NewsMichiganPoliticsRegional-Local NewsRepublicanssemiconductorTechTech NewsUSUS News
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A bipartisan group of governors from nine states sent a letter on Wednesday to U.S. lawmakers urging them to pass subsidies for semiconductor factories that would produce chips for cars. The governors, who include Michigan Democrat Gretchen Whitmer, called on Congress to pass the $52 billion CHIPS Act, which would set aside $2 billion for…

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Private Equity Industry Asks How Long the Boom Will Last

November 10, 2021
BoomBusiness & EconomyBusinesses in COVID-19CompaniesEconomieseconomyequityEuropeIndustryinflationMarketsprivateUSUS NewsWorld
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BERLIN—Private equity dealmakers are descending on Berlin for their annual get-together, with their industry thriving and many of them wondering how long the good times will last. Armed with billions of dollars, buyout firms have already taken advantage of what has been a record year for mergers and acquisitions (M&A), selling some of their assets…

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Stocks Stalled as Oil Fuels Inflation Nerves

November 10, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19ChinaChina Business & EconomyCompanieseconomic policiesEconomieseconomyEuropeGold & CommoditiesHK BusinessHong KonginflationInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkNY NewsOilRegional-Local NewsstocksUKUSUS NewsWorld
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SYDNEY—Asian stockmarkets were tugged lower by fresh concern about the solvency of China’s property developers on Wednesday, while a surging oil price added to worries that a hot U.S. inflation reading could renew pressure on policymakers to lift rates. Brent and U.S. crude futures extended gains into a fourth session, hitting two-week highs around $85…

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