How retail traders squeezed Wall Street for bets against GameStop
LONDON — A surge of retail stock trading over the last year lit the fuse that sent shares of GameStop Corp. rocketing higher without...
Coronavirus cases surpass 100 million worldwide
GLOBAL coronavirus cases surpassed 100 million on Wednesday, according to a Reuters tally, as countries around the world struggle with new virus variants and vaccine shortfalls.
Japan’s COVID-19 crisis reawakens deflation fears as cash hoarding returns
TOKYO — A spike in coronavirus infections in Japan is driving local households to do what they have always done in times of crisis: spend less and save more, stoking fears of a deeper retail recession and grinding deflation.
Back to square one: When big economies will hit pre-virus GDP
IN CHINA, it’s already happened. The US should get there in the second half of this year. But Italians and South Africans may have to wait until 2023 — or even longer.
CDC researchers see little evidence in-person school drives COVID-19 infection
Studies in the United States and abroad found little evidence schools were spreading coronavirus disease 2019 (COVID-19) infections, showing a “path forward” to in-person classes, researchers from the US Centers for Disease Control and Prevention (CDC) said on Tuesday.
Peru volunteer who received placebo in Sinopharm vaccine trial dies of COVID-19 pneumonia, university...
LIMA — A volunteer who received the placebo in the local Peruvian trial of a coronavirus vaccine produced by China’s Sinopharm Group Co. Ltd. has died from coronavirus disease 2019 (COVID-19)-related pneumonia, the university carrying out the trial said on Tuesday.
Working from home is losing its effectiveness, bank execs say
Working from home has been surprisingly successful for global banks during the first year of the coronavirus pandemic but is losing its effectiveness, two...
IMF lifts global growth forecast for 2021, still sees ‘exceptional uncertainty’
WASHINGTON — The International Monetary Fund (IMF) on Tuesday raised its forecast for global economic growth in 2021 and said the coronavirus-triggered downturn last...
Xi warns against new Cold War
PRESIDENT Xi Jinping called on the world to abandon “ideological prejudice” and shun an “outdated Cold-War mentality” as he signaled that China will continue to forge its own path regardless of western criticism.
House Democrats deliver article of impeachment against Trump to Senate
WASHINGTON — The US House of Representatives delivered to the Senate on Monday a charge that former President Donald Trump incited insurrection in a speech to supporters before the deadly attack on the Capitol, setting in motion his second impeachment trial.
Canadian CEO resigns after being accused of vaccine queue-jumping
VANCOUVER — Great Canadian Gaming Corp. CEO Rod Baker has resigned, the company said on Monday, after he and his wife were charged with traveling to northern Canada and misleading authorities in order to receive the coronavirus vaccine.
Tokyo revises contact tracing strategy, narrows to higher-risk cases
TOKYO — Tokyo has revised its contact-tracing strategy to prioritise outreach to higher-risk individuals affected by coronavirus, according to a letter sent by the metropolitan government to public health authorities last week.