Bloomberg Prime minister Boris Johnson was taken to the hospital for tests as he struggles to recover from coronavirus, dealing a serious blow to the UK as the country prepares for the worst of the crisis. Almost 5,000 people have died from Covid-19 in the UK so far and, according to government advisers and scientists, the peak of the outbreak ...
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Japan’s Abe to declare state of emergency in Tokyo, Osaka on virus
Bloomberg Japanese prime minister Shinzo Abe said he will propose declaring a month-long state of emergency in seven prefectures including Tokyo and Osaka, after a renewed surge of coronavirus cases in some of the nation’s biggest cities. He also announced a much larger-than-expected stimulus package of 108 trillion yen ($988 billion) to support households and businesses struggling from the impact ...
Read More »Are there any early clues of Covid-19’s origins?
The story of how the Covid-19 virus emerged in Wuhan, China, has produced a nasty propaganda battle between the United States and China. The two sides have traded some of the sharpest charges made since the Soviet Union in 1985 falsely accused the CIA of manufacturing AIDS. US intelligence officials don’t believe the pandemic was caused by deliberate wrongdoing. The ...
Read More »China is reopening its wet markets
Here’s one more issue to add to the bonfire of tensions with China brought on by the coronavirus pandemic. The country is reportedly reopening its wet markets, the fresh produce stalls associated with Covid-19’s early spread in Wuhan. It’s understandable that countries now in the grip of the first wave of infection might be outraged. Many blame wet markets for ...
Read More »When plagues pass, labour gets upper hand
As the Black Death scythed through Europe in 1348 and 1349, workers across the continent discovered that they had power for the first time in their lives. Textile workers in St. Omer in northern France asked for and received three successive wage rises within a year of the Great Plague’s passing. Many workers’ guilds struck for higher pay and shorter ...
Read More »Congress leads on virus, Trump only follows
It’s still early, but I think we can already say that Donald Trump is totally failing when it comes to economic leadership during the coronavirus recession. The thing about the 10 million — 10 million! — people who have filed for unemployment in the last two weeks is that everyone has seen this coming for some time. Indeed, it is ...
Read More »Covid-19 crisis pushes US higher education to brink
The coronavirus has already dealt a vicious blow to key sectors of the US economy. If the pandemic drags on into the fall, though, it’s likely to devastate yet another area that has so far escaped with minimal damage: higher education. The problems confronting the nation’s colleges and universities long predate today’s crisis. But if current trends continue, the pandemic ...
Read More »Sunday in the park with ‘coronavirus’
The photo stopped me in my tracks: Californians jogging, walking and cycling along a crowded bike path. Surely it must have been snapped weeks ago, before “social distancing†became a phrase on everyone’s lips? No: The photo was dated March 28, almost 10 days after Governor Gavin Newsom issued a “stay at home†order to combat the coronavirus pandemic in ...
Read More »Does Richard Branson want a Virgin Atlantic bailout?
In 2017, the British billionaire Richard Branson agreed to cut his stake in Virgin Atlantic Airways Ltd to just 20% by selling one-third of the airline to Air France-KLM. In December, he had a change of heart about that 220 million-pound ($274 million) deal, and opted to keep his shareholding in the company he founded at 51%. America’s Delta Air ...
Read More »Stocks jump with US futures on easing coronavirus toll
Bloomberg Stocks jumped in Europe and Asia alongside US equity futures after the reported death tolls in some of the world’s coronavirus hot spots showed signs of easing over the weekend. The dollar strengthened and Treasuries fell. The Stoxx Europe 600 Index opened solidly higher after Italy said it had the fewest deaths in more than two weeks, while France ...
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