Tag: drop

Broadway Theaters Drop Their Mask Mandate Starting in July

NEW YORK—In another sign that the world of entertainment is returning to pre-pandemic normal, Broadway theaters will no longer demand audiences wear masks starting in July. The Broadway League announced Tuesday that mask-wearing will be optional next month onward, a further loosening of restrictions. In May, most Broadway theaters lifted the requirement that audience members…


British Car Sales Forecast Drops 9 Percent Amid Semiconductor Shortage

The UK car industry has downgraded its forecast for the number of cars it expects to sell this year by nine percent. Around 1.72 million new cars will be registered in 2022, according to the Society of Motor Manufacturers and Traders (SMMT). This is down from the forecast of 1.89 million issued in January. The…


UK Car Production Continues to Fall, Figures Show

British car production has continued to fall, with almost 100,000 fewer vehicles built in the first three months of 2022 compared with a year ago, new figures show. The Society of Motor Manufacturers and Traders (SMMT) said manufacturing declined by almost a third, with the industry still affected by the global shortage of semiconductors and other…


California, Oregon, Washington to Drop School Mask Mandates

SACRAMENTO, Calif.—Schoolchildren in California, Oregon, and Washington will no longer be required to wear masks as part of new indoor mask policies the Democratic governors of all three states announced jointly on Monday. “With declining case rates and hospitalizations across the West, California, Oregon and Washington are moving together to update their masking guidance,” the…


Austria to Drop Most COVID-19 Restrictions on March 5

BERLIN—The Austrian government said Wednesday that it plans to end most of the country’s COVID-19 restrictions on March 5, though wearing masks will remain obligatory in some places. Chancellor Karl Nehammer announced the decision at a news conference in Vienna. Officials stressed that the pandemic is not yet over but a stabilization of new infections…


Honda Exec: High Auto Prices May Drop, but Not Dramatically

DETROIT—Honda expects its factories to make more vehicles this year despite a computer chip shortage and supply chain troubles. But because it’s starting the year with so few vehicles at dealers, the company expects U.S. sales to fall below last year’s numbers. The company expects U.S. new vehicle prices to ease a bit from the…


EU Records First Drop in Sparkling Wine Exports in Decade as Champagne Loses Its Fizz

BRUSSELS—The European Union’s exports of sparkling wine to the rest of the world fell last year for the first time in a decade, Eurostat said on Friday, largely because of a massive drop in champagne sales, though prosecco and cava sold well. The COVID-19 pandemic dampened wine trade globally in 2020, the latest year for…


Amazon Among Key Tech Firms to Drop CES Plans on COVID-19 Concern

Amazon Inc., Facebook parent Meta Platforms Inc., Twitter Inc. and Pinterest Inc. will not send teams to the Consumer Electronics Show (CES) in Las Vegas as concerns grow about Omicron, the firms said on Tuesday. CES, which serves as an annual showcase of new trends and gadgets in the technology industry has attracted more than…


Adobe Shares Drop as Q1, FY22 Outlook Trail Estimates

Adobe Inc. FY21 revenue growth of 20 percent year-on-year to $4.11 billion, beating the consensus of $4.09 billion. Revenue for the Digital Media segment was $3.01 billion, up 21 percent Y/Y. Creative revenue grew 19 percent Y/Y to $2.48 billion, while Document Cloud revenue rose 29 percent to $532 million. Digital Experience segment revenue was…


GM Outlook Doesn’t Impress, Sees Chip Shortage Continuing; Shares Drop

DETROIT—General Motors Co. said on Wednesday its quarterly profit was hit by the global semiconductor shortage that it sees continuing until late 2022, and offered a full-year profit forecast that disappointed Wall Street, sending shares down more than 3 percent in premarket trading. The Detroit automaker’s quarterly profit and revenue fell due to a drop…