Bloomberg Prime Minister Justin Trudeau’s claims there isn’t a trade-off between Canada’s strict lockdowns and economic growth will be tested this week with the release of new output data. Analysts expect gross domestic product (GDP) shrinks by more than 5% last year, a middling result among advanced economies. The US, with far less restrictive pandemic measures last year, shrinks by ...

Bloomberg Roblox Corp., the kid-focused gaming company that’s planning to go public this month, warned investors that the booming user growth it enjoyed during the pandemic is about to disappear. The total hours that users spend engaged with the gaming platform could drop by as much as 11% in the second quarter, Roblox said in a statement. Though the number ...

Bloomberg Chancellor Angela Merkel backed a relaxation of coronavirus restrictions despite a stubbornly high infection rate, acknowledging that many Germans are weary of curbs on daily life after months of lockdown. The German leader had been pushing back against increasingly insistent calls for a swifter loosening, but told lawmakers from her conservative bloc that “easing is necessary.” She explained her ...