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US clears new test for Covid-19 by Access Bio

Bloomberg A new 10-minute Covid-19 test that doesn’t need added equipment to process has been cleared by the US Food and Drug Administration, manufacturer Access Bio, Inc said on Tuesday. The assay, known as CareStart, is among a group of new antigen tests that detect the novel coronavirus by looking for proteins on its surface. Because antigen screening can provide ...

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Investor hopes for German economy drop amid virus

Bloomberg Investor confidence in the outlook for Germany’s economy plunged, in a sign of concern that resurgent infections could hurt the recovery. A gauge by the ZEW dropped to 56.1 in October — the lowest in five months — from 77.4 in September, below even the most pessimistic estimate in a Bloomberg survey. The measure for the euro area also ...

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Ireland set to boost spending to counter dual threats of Brexit

Bloomberg Ireland’s government is set to boost spending to counter the dual threats of Brexit and the pandemic, as new restrictions threaten to derail a nascent economic recovery. Finance Minister Paschal Donohoe will lay out the 2021 budget in Dublin, a week after the coalition government moved the nation to a Level 3 lockdown, meaning most restaurants and hotels are ...

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