When Covid-19 first arrived last year, everyone’s go-to historical parallel was the 1918 influenza pandemic. Precisely because it was so fleeting, it’s hard to find evidence that it caused a sweeping reorientation of everyday life. In its wake, most people simply forgot what happened. Other global pathogens stayed longer and had much bigger impacts on society. Consider what followed the ...

If the February US jobs report signalled that America is truly rounding the final corner on the Covid-19 pandemic, then after a month of ramped up vaccinations and warmer weather, the latest data suggest that the world’s largest economy is now in an all-out sprint to herd immunity and a full reopening. US employers added 916,000 jobs in March, easily ...

Bloomberg Air Canada dropped its takeover of vacation operator Transat AT Inc because it couldn’t convince European regulators to approve the deal on acceptable terms. Canada’s largest airline said it offered a “significant package of remedies” to satisfy the European Commission’s concerns that the merger would reduce competition on flights between EU countries and Canada. “It has become evident, however, ...