Each virus has its unique pattern of spread, and scientists are starting to get a handle on how the novel coronavirus behaves. This understanding is making it possible to rank the risks of different activities from high to low to trivial. The most informative studies show how the disease is spreading in the real world — a big advance over ...
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Coronavirus likely to bring many changes!
The coronavirus pandemic is likely to bring about many deep, long-lasting changes in US society and the economy. It’s difficult to predict what most of those will be. Unfortunately, one likely possibility is that college towns will suffer. For the past few decades, college towns have been a pillar of the economy. Universities draw in lots of educated workers, in ...
Read More »What makes nursing homes a virus hotbed
Residents of nursing homes or similar facilities account for at least one-quarter of US deaths from Covid-19. The true figure might be a lot higher. The coronavirus has spread to nearly 7,000 nursing homes in all 50 states. In at least seven — Delaware, Maine, Massachusetts, Oregon, Pennsylvania, Rhode Island and West Virginia — more than half of all Covid-19 ...
Read More »Ryanair taps UK loan plan, digs in for slow recovery
Bloomberg Ryanair Holdings Plc boosted its liquidity with a 600 million-pound ($726 million) loan backed by the UK government and said the coronavirus crisis will reduce passenger numbers by half over the next year. Europe’s biggest low-cost carrier is tapping Britain’s Covid Corporate Financing Facility (CCFF) as it digs in for a slow recovery that’s set to see a price ...
Read More »Thai Airways one step closer to bankruptcy
Bloomberg Flag carrier Thai Airways International Pcl is a step closer to restructuring via a bankruptcy court after a key government panel backed the plan, which is due for consideration by the Cabinet on Tuesday. A committee that oversees policies for state-run enterprises agreed that the airline should seek such a rehabilitation, government spokeswoman Narumon Pinyosinwat told reporters in Bangkok ...
Read More »Minister stakes his reputation and South Africa’s on airline
Bloomberg Pravin Gordhan, South Africa’s minister for public enterprises, is staking his own credibility and that of President Cyril Ramaphosa’s government on the creation of a new airline out of the ashes of the bankrupt national carrier. Hit by the loss of the country’s last investment-grade rating on its sovereign debt and the Covid-19 pandemic, Ramaphosa has said hard choices ...
Read More »Italy shops reopen, but for many it’s already too late
Bloomberg Italy’s shoppers may be digging out their wallets as retail businesses reopen on Monday, but many of the country’s 2.7 million merchants say there’s little to celebrate. “My creditors will be all over me as soon as I raise my portcullis,†said Giulio Anticoli, referring to the heavy medieval grates still used to protect some storefronts in Rome. “There’s ...
Read More »Bidders shortlisted for Virgin Australia
Bloomberg The administrators of Virgin Australia Holdings Ltd have shortlisted a small number of bidders for the airline after receiving more interest than they anticipated. Deloitte spent the weekend reviewing indicative offers for the carrier from interested investors and has narrowed the field to a small number of well-funded parties with strong aviation credentials, according to a statement on Monday. ...
Read More »Over 100 million in China’s northeast face new lockdown
Bloomberg Some 108 million people in China’s northeast region are being plunged back under lockdown conditions as a new and growing cluster of infections causes a backslide in the nation’s return to normal. In an abrupt reversal of the re-opening taking place across the nation, cities in Jilin province have cut off trains and buses, shut schools and quarantined tens ...
Read More »Putin sends army to fight Siberian gold mine virus outbreak
Bloomberg Russian President Vladimir Putin ordered the army to send military staff and medical equipment to help the country’s largest gold miner, Polyus PJSC, fight the Covid-19 outbreak at its Siberian unit. Personnel and more than 2 tons of medical equipment, including respirators, masks, gloves and protective suits, were delivered by aircraft to the city of Krasnoyarsk, the defense ministry ...
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