Two men paint graffiti of frontline workers on a wall during the coronavirus pandemic in Mumbai, India. Imtiyaz Shaikh | Anadolu Agency | Getty Images SINGAPORE — The Covid-19 pandemic has sent the global economy into one of its worst recessions ever, and it isn’t yet clear when a full recovery will be in place.
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Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, speaks with Alex Azar, secretary of Health and Human Services (HHS), not pictured, before they receive the Moderna Inc. Covid-19 vaccine during an event at the NIH Clinical Center Masur Auditorium in Bethesda, Maryland, U.S., on Tuesday, Dec, 22, 2020. The National Institutes
There may be increased spending on gift cards this holiday season, and that may help boost retail sales next year, former Walmart U.S. President and CEO Bill Simon told CNBC on Thursday. Payment service Blackhawk Network found in a survey that shoppers anticipated spending, on average, about $313 on gift cards around the holidays. That represents a
Snow falls as people wearing face masks walk through the Asakusa district on March 29, 2020 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images SINGAPORE — As 2020 draws to a close, many investors consider Asia as the region with one of the best economic prospects next year thanks to its relatively better control of
Robert Barnes | Getty Images More than three dozen retailers, including the nation’s oldest department store chain, filed for bankruptcy this year, marking an 11-year high. Pre-pandemic, several of these retailers were already teetering on the brink of survival. But the Covid health crisis pummeled the industry. Lockdown orders put in place in March to
A visitor tries a plant-based meat substitute product at the Restaurant & Bar and Gourmet Asia expo at the Hong Kong Convention and Exhibition centre in Hong Kong on November 11, 2020. Peter Parks | AFP | Getty Images SINGAPORE — Demand for meat alternatives has grown and will continue to rise, but the industry
An Air Canada Boeing 737 MAX 8 aircraft is being towed in as another Air Canada Boeing 737 MAX 8 aircraft is seen on the ground at Toronto Pearson International Airport in Toronto, Ontario, Canada, March 13, 2019. Chris Helgren | Reuters A Montreal-bound Air Canada Boeing 737 Max ferry flight diverted in Arizona earlier
Jamie Foxx voices Joe Gardner in Disney Pixar’s “Soul.” Disney The entertainment industry has been rocked by the coronavirus pandemic. Big blockbusters that were slated to arrive in theaters in 2020 have, for the most part, been pushed to 2021 and those that haven’t have been used to pad major studios’ streaming services. With Covid
A view of signage leading to one of the testing centers at Heathrow Airport on December 22, 2020 in London, England. Joseph Okpako | Getty Images News | Getty Images The United States will begin requiring people flying in from the U.K. to test negative for Covid-19 no more than 72 hours before departure, the
After a bruising year for the airline industry, Hawaiian Airlines CEO Peter Ingram told CNBC he believes it’s only up from here. Airlines spent much of 2020 cutting routes and reducing flights due to the decline in travel demand from the coronavirus pandemic, but companies including Delta and United Airlines have announced some new additions
Academy Sports & Outdoors store in Orlando, Florida. Google Earth Academy Sports & Outdoors‘ more than 250 stores shuttered for weeks in the early days of the Covid pandemic. But as lockdown orders eased and these stores reopened, many customers still didn’t feel comfortable coming inside to buy camping gear or a new basketball, according
Dr. Stephen Parodi, director of Kaiser Permanente’s nationwide Covid response, warned that new coronavirus case surges are imminent unless Americans change their behavior during a Tuesday evening interview on “The News with Shepard Smith.” “If we don’t make the choice now to change the future, then what I’m worried about is we’re going to see
A pedestrian wearing a face mask or covering due to the COVID-19 pandemic, walks in central London on December 23, 2020. Tolga Akmen | AFP | Getty Images WASHINGTON — A second new and potentially more infectious variant of the novel coronavirus identified in South Africa has emerged in the United Kingdom, the British government confirmed
Greg Abbott, governor of Texas, speaks during an Operation Warp Speed vaccine summit at the White House in Washington, D.C., U.S., on Tuesday, Dec. 8, 2020. Al Drago | Bloomberg | Getty Images People 65 years and older, and those with certain medical conditions will be able to get the Covid-19 vaccine sooner in Texas
National Institutes of Health Director Dr. Francis Collins told CNBC that “it was very likely” that the U.S. government is close to a deal with Pfizer for up to an additional 100 million Covid vaccine doses. “It is good news it sounds like it’s very likely,” said Collins. “We’ll have 400 million doses between Pfizer
A notice informing people of ‘Tier 4’ coronavirus restrictions lights up a digital advertising screen on Oxford Street in London, England, on December 21, 2020. David Cliff | NurPhoto | Getty Images The U.K. has identified a new variant of the coronavirus that appears to spread more quickly, sparking new fears that the Covid-19 pandemic
Employees of the company Goldbecksolar are testing a module in a solar park under construction in a former gravel opencast mine. Jens Buttner | picture alliance | Getty Images During the coronavirus pandemic, the worst public health crisis in a century, some people pointed to what appears to be a tiny silver lining for the
The U.S. is looking at why a handful of people have suffered from severe allergic reactions shortly after receiving Pfizer’s coronavirus vaccine shots, a National Institute of Allergy and Infectious Diseases official told CNBC on Monday. The study – which is still in the early planning phases – is expected to include “several hundred” people
The need for procrastinating shoppers to get gifts under the tree in time for Christmas was more compelling this year than snagging Black Friday doorbusters. The number of shoppers who turned up at stores on the final Saturday before Christmas — known as “Super Saturday” in the retail industry — fell from a year ago.
Lorries queue on the A20 to enter the port of Dover in Kent. Gareth Fuller | PA Images via Getty Images LONDON — A highly contagious new variant of the coronavirus is causing countries in Europe and elsewhere to block travel from Britain. The U.K. last week warned of a new coronavirus variant that is