outbreaks
- Market
Americans had a spending bash after getting their stimulus checks. They sobered up in April
The numbers: After a stimulus-fueled binge, Americans pruned their spending in April and kept a sizable amount of savings on…
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Hancock: Cummings’ ‘unsubstantiated’ dishonesty allegations are ‘not true’
The UK’s health secretary Matt Hancock has said allegations that he lied about the government’s approach to managing the Coronavirus pandemic were…
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Pending home sales sink as the housing market falls back to Earth
The numbers: An indicator of existing-home sales fell in April, suggesting that the housing market could be cooling in the face…
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U.S. investors are pouring money into European stock funds
U.S. investors have stepped up their purchases of European stocks — even as performance this year has been neck-and-neck with…
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China slams Biden for investigation of coronavirus origins as WHO says Africa urgently needs 20 million AstraZeneca doses
The global tally of confirmed cases of COVID-19 rose above 168 million on Thursday, as China hit back at President…
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10-year Treasury yield rises back above 1.60% as investors weigh data, $6 trillion budget proposal
U.S. Treasurys sold off and yields climbed on Thursday as economic reports on balance confirmed a healthy economic recovery from…
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Johnson was urged to promote ‘chicken pox’ parties for Covid-19 herd immunity, claims Cummings
Prime Minister Boris Johnson was urged by cabinet secretary Mark Sedwill to tell the British public to hold “chicken pox…
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Taiwan criticizes China over Pfizer vaccine deal, and Wuhan lab theory irks Beijing
Tensions between Taiwan and Beijing flared on Wednesday when Taiwanese President Tsai Ing-wen accused China of blocking a deal Taipei…
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Dominic Cummings says he would have put a ‘dictator’ with ‘kingly powers’ in charge of Covid-19 response
The Prime Minister’s former adviser Dominic Cummings said he would have put an official with dictatorial powers in charge of…
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EU expects to take delivery of 1 billion COVID-19 vaccine doses by the end of September, agrees on digital certificate for travelers
The European Union, which has been lagging in getting its 450 million citizens vaccinated against COVID-19, expects to take delivery…
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Will we need COVID-19 booster shots? Increasingly, the expectation is yes
It looks like Americans may need to roll up their sleeves for a COVID-19 booster shot, though vaccine makers and…
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Covid has bolstered the fintech revolution — and criminals’ opportunities
Markets are changing — and fast. The tech revolution in finance is only picking up speed and the Covid-19 pandemic…
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NYC schools to be 100% in-person this fall with no remote option, De Blasio announces
New York City schools will be all in person this fall with no remote options, Mayor Bill de Blasio announced…
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WHO head slams ‘scandalous inequity’ in COVID vaccines with 10 countries accounting for 75% of doses administered
The head of the World Health Organization slammed wealthy countries for a “scandalous inequity” in COVID-19 vaccines that is prolonging…
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Existing-home sales fall for third straight month — so what’s going on?
The numbers: Existing-home sales declined yet again, a result of the low inventory of properties for sale and rising prices…
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White House Proposes $1.7 Trillion Infrastructure Counteroffer to Republicans
Here’s what you need to know to navigate the markets today. • The White House made a $1.7 trillion infrastructure…
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COVID vaccination success in U.S. and other wealthy countries contrasts with shortages elsewhere as G-20 promises to step up
Growing optimism that the coronavirus-borne illness COVID-19 is in retreat in the U.S. and other wealthy countries was tempered Friday…
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Here are five charts that show the City reopening
The City has been a ghost town for much of the past 14 months, with bankers forced to work from…
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PGIM Real Estate’s Eric Adler on the post-Covid office and why he’s an ‘odd’ American
Eric Adler is surprisingly upbeat considering what global real estate investors have had to endure since the onset of the…
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True COVID-19 global death toll is likely 2 to 3 times higher than official count of 3.4 million, warns WHO
The number of global deaths caused by the coronavirus-borne illness COVID-19 is likely far higher than official numbers suggest, as…
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WHO Europe advises avoiding international travel for now as concern about vaccine inequity grows
Travelers keen to jet off for a long-awaited vacation should exercise patience in the face of “fragile” progress in containing…
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Feel pushed to go back to the office? Here’s what you need to ask your boss first
As England lifts its third nationwide lockdown, companies are beginning to introduce their employees to their future office setup. Most…
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Fidelity International, JPMorgan scramble to vaccinate India staff as nation reels from Covid
Fidelity International, the $706bn asset manager, is offering to pay for Covid vaccines for its more than 3,000 staff based…
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As Europe relaxes COVID-19 restrictions and U.S. cases fall, India suffers deadliest single day of the pandemic
The uneven state of the pandemic across the world was on full display Wednesday, with India setting a global record…
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UK reveals vaccine booster trial programme
The UK government has funded new clinical trials to assess the potential for a number of Covid-19 booster vaccines. More than 2,800 people aged…
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With drinkers back, 2 of Britain’s biggest pub groups are hoping for a strong rebound
Two of Britain’s biggest pub operators on Wednesday reported bigger half-yearly losses, as the COVID-19 pandemic and related lockdowns forced…
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House passes bill to combat hate crimes against Asian Americans, sending it to Biden
WASHINGTON (AP) — Congress approved legislation Tuesday intended to curtail a striking rise in hate crimes against Asian Americans and…
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Hanock urges ‘humility’ in face of virus as Indian variant soars
Health secretary Matt Hancock has urged the country to remain “humble in the face of this virus” as latest figures…
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World Economic Forum cancels August Singapore meeting
The World Economic Forum has cancelled its August meeting in Singapore because of renewed fears over the Covid-19 pandemic. As recently…
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Walt Disney World drops mask requirement for visitors who are outdoors
Families can now walk right down the middle of Main Street, U.S.A. at Walt Disney World’s Magic Kingdom without wearing…
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These stocks could fly as Europe’s Covid-19 reopening gathers pace, Goldman says
Analysts at Goldman Sachs have tipped a group of stocks to take off as Europe emerges from widespread Covid-19 lockdowns. The…
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UK ramps up second vaccine doses to combat Indian Covid variant
Prime Minister Boris Johnson has confirmed that the UK’s vaccine rollout will be stepped up in a bid to combat…
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Dow jumps over 250 points, even as retail sales data comes in weaker than expected
U.S. stock indexes rose early Friday as investors took a weaker-than-expected reading of April retail sales in stride, after a…
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Second Covid jabs could be fast-tracked to combat Indian variant spread
The government may “flex” its vaccine programme by accelerating second Covid shots and offering jabs to multi-generational households to help…
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ETF Wrap: Is a new ‘crypto’ fund the long-awaited bitcoin ETF in disguise
Hello, again: Thanks for all the feedback from last week’s ETF Wrap. Please, keep it coming. The Holy Grail for…
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‘Vaccine envy is real,’ says a Cleveland Clinic pediatrician. Here’s what she’s telling parents and teens about the COVID-19 vaccine
Regulators have given the go-ahead for younger teens to begin getting Pfizer’s COVID-19 shots, raising questions for some parents who…
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Government may tighten Covid rules as concerns mount over Indian variant
The government has said it has not ruled out re-imposing tighter coronavirus restrictions in the UK, amid mounting concern over the…
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Ethereum’s creator is sending funds to India to combat Covid-19
Vitalik Buterin, co-creator of the crypto network Ethereum, donated more than $1bn on 12 May to a relief fund to combat…
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JPMorgan offers India staff ambulance access, vaccine payment as Covid-19 cases spike
JPMorgan is offering 24-hour access to ambulances, hospital beds for quarantining employees and payment for vaccines for its staff in…
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COVID-19 pandemic was a ‘preventable disaster,’ made worse by a lack of global coordination and dithering, independent panel finds
The COVID-19 pandemic that has cost the lives of 3.3 million people around the world was a “preventable disaster” exacerbated…
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Covid vaccine passport goes live on an NHS app from 17 May
Travellers will be able to use the NHS app as a Covid passport from next week, according to the UK…
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Global cases and deaths from COVID-19 are plateauing but India’s crisis continues to deepen
The global tallies of cases and deaths from the coronavirus-borne illness COVID-19 have started to plateau, according to the World…
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Lex Greensill: I take ‘full responsibility’ for my firm’s collapse
Lex Greensill, founder of the eponymous supply chain finance firm Greensill Capital, apologised for the company’s collapse and took full responsibility…
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City tube travel crashes 90% amid Covid crisis
Footfall across the City’s tube stations has crashed to as little as 10% of its pre-crisis level, figures provided to…
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Just 3% of asset manager CEOs are female – report
Among the world’s 50 biggest asset managers, just 3% of chief executive officers are women, a report by recruitment firm Heidrick…
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Rich countries can help themselves by helping the poorer majority
What is remarkable about the increase in nationalist sentiment across the developed world in recent years is that it is…
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20 cybersecurity stocks Wall Street believes can rise up to 79% over the next year
Cybersecurity is more critical than ever, especially in a world already reeling from supply disruptions and bottlenecks caused by the…
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India’s COVID crisis deepens, as BioNTech says there’s no evidence its vaccine needs adapting to cope with new variants
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 158 million on Monday, as cases continue…
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Pharma investors scoff at Covid vaccine patent waiver: ‘We are not convinced’
Fund managers holding healthcare and pharmaceutical stocks have questioned the US government’s decision to support a waiver on Covid vaccine…
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India sets grim record of more than 414,000 new COVID cases a single day as pressure builds on Modi for nationwide lockdown
The global tally of confirmed cases of the coronavirus-borne illness COVID-19 climbed above 156 million on Friday, and India set…
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