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Coronavirus Business Update Next week we will have a short summer vacation and will be back on August 16th
Covid cases and vaccinations
Global case: 200.9m
Total dose given: 4.4 billion
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the latest news
The number of Covid-19 replicas, or Rs, in the United Kingdom It fell sharplyCheck other evidence that the latest wave of infection has passed its peak
Norwegian Cruise Line Report strong demand in 2022 preparing to sail in the U.S. for the first time in 500 days
United Airlines Became the first US airline to require employees to be vaccinated
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UK decision to relax international travel restrictions on Thursday, especially to end forced quarantine Arrival from France — Already urging Rapid increase in holiday reservations Desperate to grab the summer sun from the British.
But more important than fine-tuning the UK’s “traffic light” system, which specifies countries that can be safely visited, vaccination “eternally” Requirements for overseas travel.The United States is believed to be considering such a move All foreign visitors..
The global travel industry has been optimistic in recent years Airlines When Cruise companyI’m surprised at the idea. The World Travel and Tourism Council said, “We will create an effective” exclusion zone “in the vast regions of the world.”
The outlook for business trips is even more uncertain, as many companies are questioning its value due to increased video conferencing during pandemics and growing criticism of environmental costs. NS New report from Deloitte Suggests that domestic corporate travel in the United States will increase significantly later this year as the return to office life accelerates, but well below pre-pandemic standards.
On the other hand, the economy that depends on the tourism industry Second wrecked summer.. According to the World Tourism Organization, global arrivals from abroad in the first five months of the year decreased by 85% compared to 2019.
The region most affected was the Asia-Pacific region, which plunged 95%. this is, sea breamTourists’ dollars were depleted and they were hit by a serious currency crisis that led to an “balance of payments shock.”
The most endangered countries are smaller, less diverse economies, such as the Bahamas, Maldives and Fiji, where there are few alternatives to tourism and reduced bookings exacerbate existing problems. On the other hand, countries with a high middle class may benefit from vacationers choosing to take vacations at home, at least this year.
Official data showed 943,000 US jobs Created in July as the national unemployment rate Dropped to 5.4%.. Better than expected numbers indicate that the recent labor shortage has begun to ease and that the Federal Reserve Board of Governors may curtail pandemic support for the economy sooner than expected.
There were more signs Economic recovery In the UK July retail data It showed a footfall 28% below the same month in 2019. Bank of England Yesterday showed that “moderate monetary policy tightening” is taking place Control inflation..Airtightness Labor market, Especially if the staff shortage continues Higher interest rates..
U.S. companies Based on evidence from the second quarter earnings season, it has recovered significantly from the pandemic and is 86% above expectations for profits.However, the stock price is Not moving At the same time — a sign that investors may consider profits unsustainable.
Tips for that legendary designer Giorgio Armani May be sold out to emphasize how the pandemic is happening Shaken the luxury sector, Paris Correspondent Leila Abboud writes. “The big change is the recognition that it will be very difficult for some groups to do it alone,” said one buyout executive. “It’s not just a pandemic. Things are happening much faster and brands have much less time to adjust.”
Better news from fitness studios in New York, London and Los Angeles. These have been hit by a pandemic and are filling up again. Gym industry Revive.. The International Health, Racquet & Sportsclub Association found that 22% of all fitness facilities were completely closed during the pandemic, resulting in a total of $ 29.2 billion in industry revenue loss between March 2020 and June 2021. I presume that there is.
World bond prices Fell in the news US employment surge And what does that mean for the Fed’s stimulus package? Stock markets in the US and Europe continued to perform well after the surge in corporate profits on both sides of the Atlantic.
The lively debut of a barbecue maker Weber Despite the popularity of outdoor dining due to pandemics, this is a possible sign of the latest. IPO market cooling.. This follows other stock offerings that have been postponed over the past few days or have been under-traded on the first day.
Glencore Became the latest mining company to benefit Soaring commodity prices, Reported a record six-month profit and said it would return an additional $ 1.2 billion to shareholders. Demand for raw materials such as copper, zinc and steaming coal is increasing due to the global economic recovery and government stimulus measures.
Please give us your opinion
Cyber _naut’s comment Scammers exploit the surge in online activity to target young victims:
The fact that young people are more affected makes perfect sense just because they are more online and therefore more exposed. Older people are often less accustomed to technology and tend to be slower and more cautious. This works against the sense of urgency / friendliness that many of these scams are trying to exploit.
Another idea is that all young people are some sort of internet ninja. It’s not. Knowing how to tweet doesn’t mean that someone is “tech-savvy,” and the average young man is less likely to find better phishing email signs than someone twice as old. .. Keep in mind that most men and women who created the basic technology to do all this now are pretty old.
Even before the last century of pandemics, vital statistics and cultural changes have led to an increase in people Experienced loneliness.. Literary critic Mia Levitin wrote in a review of three new books addressing this subject: “Making meaningful connections within the framework of modern life.”
Travel industry balks at vaccination proposals Source link Travel industry balks at vaccination proposals