COVID-19
Shanghai residents question human cost of China’s Covid quarantines
The metropolis of Shanghai, where many foreign businesses are located, entered a two-part lockdown this week as municipal authorities sought to control an outbreak in China’s worst Covid wave in two years. Hector Retamal | Afp | Getty Images Lu, 99, was a long-time resident at Shanghai’s Donghai Elderly Care hospital, her loved ones secure […]
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Wild inflation will hurt all financial assets, market researcher Jim Bianco warns
There may be no escape from the bond market turmoil — even for stock investors. Market researcher Jim Bianco warns critical Federal Reserve policies to control wild inflation will inflict widespread losses on Wall Street. “Eventually, this is going to come back and hurt all financial assets,” the Bianco Research president told CNBC “Fast Money” […]
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Here’s why people are still flipping out on airliners
Incidents involving unruly passengers in the United States are decreasing. But the good news may end there. On average, there were about 500 reports of unruly passengers per month in 2021, according to the U.S. Federal Aviation Administration. In the first three months of 2022, this number fell to about 350 reports per month, according […]
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China’s smartphone market could plunge 20% as Covid cases spike — but Apple may see growth
China’s smartphone market could decline in the second quarter as the country experiences a resurgence of covid cases, analysts said. But Apple could fare quite well, the analysts said as it continues to attract users in the high-end of the market. Future Publishing | Future Publishing | Getty Images China’s recent surge in Covid cases […]
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Attorney General Merrick Garland tests positive for Covid hours after event with FBI director, other top officials
U.S. Attorney General Merrick Garland announces enforcement actions against Russia, during a news conference at the Justice Department in Washington, U.S., April 6, 2022. Elizabeth Frantz | Reuters Attorney General Merrick Garland tested positive for Covid on Wednesday, just hours after speaking in person at a news conference alongside FBI Director Christopher Wray and other […]
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Commerce Secretary Gina Raimondo tests positive for Covid after attending politician-packed D.C. Gridiron dinner
Commerce Secretary Gina Raimondo testifies before a Senate Appropriations Subcommittee on Commerce, Justice, Science, and Related Agencies hearing on Capitol Hill in Washington, D.C., U.S., February 1, 2022. Andrew Harnik | Reuters Commerce Secretary Gina Raimondo tested positive for Covid on Wednesday, making her the latest official to catch the virus after attending a swanky […]
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UK has detected a new Covid variant. Here’s what we know so far about omicron XE
According to the Office for National Statistics, 4.9 million people in Britain, or 1 in 13, were infected with Covid-19 as of March 26 — a record high since its survey began in April 2020. Bloomberg | Getty Images LONDON — A new omicron sub-variant has been detected in the U.K. as the country faces […]
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China’s long weekend tourism spend plunges to 39.2% of pre-pandemic levels
Shanghai and other parts of China remained in lockdown or subject to travel restrictions during a long holiday weekend in early April, sending an official count of tourism revenue plunging to just over a third of what it was prior to the pandemic. Hector Retamal | Afp | Getty Images BEIJING — As mainland China […]
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China’s services sector activity squeezed by omicron surge
Customers eating at a restaurant in China on 26 March 2022. Activity in China’s services sector contracted at the steepest pace in two years in March as the local surge in coronavirus cases restricted mobility and weighed on client demand, a private sector survey showed on Wednesday. Zhang Peng | Lightrocket | Getty Images Activity […]
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Covid pandemic has impacted kids writing and social skills, study finds
A study by the U.K. government’s education authority Ofsted has found the children continue to struggle with basic skills such as writing and speech in the wake of the Covid-19 pandemic. Sabrina Bracher | iStock | Getty Images Kids continue to struggle with basic skills such as writing and speaking in the wake of the […]
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