Tuesday , 16 December 2025

Classic Layout

Sneeze guards, temp checks are new normal for US retail

Bloomberg Each day, before the 350 employees at Fresh N’ Lean enter the company’s food preparation center in Anaheim, California, they fill out a health questionnaire and have their temperature taken. Anyone with symptoms, even if they seem like seasonal allergies, is asked to take paid emergency sick leave. Inside, workers are spaced widely apart and wear gloves and masks …

Read More »

Starbucks, Costco show new consumer trends

Bloomberg Early looks from Starbucks and Costco Wholesale into their coronavirus-era businesses suggest that US consumers may not be ready to turn back to their old spending ways as soon as governments give the all-clear sign. Starbucks sales cratered at the end of March. Its experience in China, which is now emerging from forced social distancing, showed that customers were …

Read More »

Oil negotiators race against clock to clinch historic deal

Bloomberg Negotiators raced to clinch a historic deal to cut oil supply and stem a devastating price rout, with just hours to go before the market opens. As diplomatic wrangling between Mexico and Saudi Arabia entered a fourth day, a group of Opec+ ministers were due to speak at 5 pm London time. Delegates said some progress had been made …

Read More »

Etihad Airways to operate additional special flights

Emirates Business Etihad Airways announced a series of special passenger flights from Abu Dhabi to Brussels, Dublin, London Heathrow, Tokyo Narita and Zurich, in addition to those previously published. Etihad has been operating special flights which allowed passengers stranded in UAE due to Covid-19 restrictions, opportunity to return home. The flights also support ‘UAE Food Security Program’ by utilising belly-hold …

Read More »

Economists see ‘deep flaws’ in Trump EPA plan

Bloomberg By proposing to obliterate the legal justification for restricting toxic pollution from power plants, the US Environmental Protection Agency (EPA) has flouted bedrock practices that have driven federal policymaking for decades, according to a group of resource economists writing in the journal Science. Finalised in 2012, the agency’s Mercury and Air Toxics Standards (MATS) was the first US rule …

Read More »

Ethiopia vows to press ahead with Africa’s massive dam

Bloomberg Ethiopia’s government vowed to continue work on a massive dam that’s stoked tensions with Egypt, even as the Horn of Africa nation contends with the growing spread of the coronavirus. Completing what would be Africa’s largest hydropower reservoir, filling it and producing electricity is a top priority for Ethiopia, State Minister for Finance Eyob Tekalign said on a conference …

Read More »

One market is making a big bet that lockdowns to loosen soon

Bloomberg The cost of pollution is headed for its biggest weekly gain in more than two years in Europe on optimism that the economy is preparing to snap back from coronavirus-imposed lockdowns. After falling 25% in March, the price of permits to emit carbon dioxide is still well below where it started the year. The gains are a sign that …

Read More »

Virus derails Myanmar’s move to open stock market to foreigners

Bloomberg The novel coronavirus outbreak has derailed Myanmar’s move to open its stock market to foreign investors. Only two of the country’s five listed securities have attracted international traders since rules were relaxed on March 20, leaving their foreign-shareholding ratios at minimal levels. Officials had hoped to attract funds from both expatriates and non-resident foreigners. “After two trading days when …

Read More »

Canadian stocks see biggest weekly gain since 2009

Bloomberg Canada shares rose, capping the biggest one-week advance since January 2009 despite a record plunge in employment in the country and another surge in jobless claims in the US. Investors focused instead on another dose of economic support south of the border. The S&P/TSX Composite index climbed 1.7%, bringing the weekly gain to 9.5%, the biggest since January, 2009, …

Read More »

Wall Street caps best week since 1974

Bloomberg US stocks posted biggest weekly gain since 1974 as investors looked past staggering jobless numbers when Federal Reserve released new measures to cushion fallout from coronavirus. Oil fell as investors saw a supply-curb proposal as insufficient. The S&P 500 Index rallied for the third time in four days, bringing this week’s increase to 12%. The Fed announced another series …

Read More »