Sunday, May 29

Tag: infectious diseases

Biden Launches Indo-Pacific Trade Deal, Warns Over Inflation | Business News
23May By Gloomberg NewsNo Comments
Business

Biden Launches Indo-Pacific Trade Deal, Warns Over Inflation | Business News

By JOSH BOAK and AAMER MADHANI, Associated PressTOKYO (AP) — President Joe Biden on Monday launched a new trade deal with 12 Indo-Pacific nations aimed at strengthening their economies as he warned Americans worried about high inflation that it was “going to be a haul” before they feel relief. The president said he does not believe an economic recession is inevitable in the U.S.Biden, speaking at a news conference after holding talks with Japan’s Prime Minister Fumio Kishida, acknowledged the U.S. economy has “problems” but said they were "less consequential than the rest of the world has.”He added: “This is going to be a haul. This is going to take some time," even as he rejected the idea a recession in the U.S. was inevitable.The comments came just before Biden's launch of the Indo-Pacif...
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Official: China’s Economy Reviving as Anti-Virus Curbs Ease | Business News
16May By Gloomberg NewsNo Comments
Business

Official: China’s Economy Reviving as Anti-Virus Curbs Ease | Business News

By JOE McDONALD, AP Business WriterBEIJING (AP) — China's factory and consumer activity fell even more than expected in April under anti-virus controls, official data showed Monday, but a Cabinet official said the economy is reviving as anti-virus curbs ease and its commercial capital of Shanghai reopens.The slump in the second-biggest economy fueled fears global manufacturing and trade might be disrupted after most business in Shanghai were shut down and its 25 million people confined to their homes starting in late March. That adds to complications for President Xi Jinping in a year when he is expected to try to extend his time in power.Retail sales tumbled 11.1% from a year ago after shops, restaurants and other consumer outlets in Shanghai and other cities closed, according to the Nati...
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Chicago Alt-Weekly Survives Column Clash, Going Nonprofit | Entertainment News
15May By Gloomberg NewsNo Comments
Entertainment

Chicago Alt-Weekly Survives Column Clash, Going Nonprofit | Entertainment News

By KATHLEEN FOODY, Associated PressCHICAGO (AP) — The Chicago Reader, the city's famed alt-weekly, is expected to become a nonprofit this month after the sale was nearly derailed over a co-owner's column opposing COVID-19 vaccine requirements for children.The publication was on track to be sold to the new nonprofit last year until the November printing of defense attorney Leonard Goodman’s column headlined “Vaxxing our kids" prompted allegations of misinformation and censorship.Goodman agreed to step aside in late April, allowing the sale to go through. Still, the standoff among the alt-weekly's managers left staff members in limbo for months, wondering if the Reader would be shut down after surviving multiple previous sales and the coronavirus pandemic.In the column, Goodman wrote that “f...
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Stocks Stagger Higher After Mixed Report on April Inflation | Business News
11May By Gloomberg NewsNo Comments
Business

Stocks Stagger Higher After Mixed Report on April Inflation | Business News

By STAN CHOE, AP Business WriterNEW YORK (AP) — Stocks are stumbling mostly higher on Wall Street Wednesday after inflation slowed last month but still came in worse than feared.The S&P 500 was 0.4% higher after waffling between gains and losses in early trading. The Dow Jones Industrial Average was up 315 points, or 1%, at 32,480, as of 11:49 a.m. Eastern time, and the Nasdaq composite was 0.5% lower as tech stocks again lagged the market.Wall Street has been transfixed on the nation's high inflation, and where it's heading, because it's causing the Federal Reserve to yank the supports it propped under markets for most of the pandemic. The Fed has flipped aggressively toward raising interest rates after seeing high inflation last longer than it expected.Wednesday’s report from the U.S...
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Asian Shares Mostly Fall as Rate Hikes, China Slowdown Loom | Business News
9May By Gloomberg NewsNo Comments
Business

Asian Shares Mostly Fall as Rate Hikes, China Slowdown Loom | Business News

By YURI KAGEYAMA, AP Business WriterTOKYO (AP) — Shares fell in most Asian markets on Monday as interest rate hikes and a slowing Chinese economy weighed on investor sentiment.Oil prices were higher and U.S. futures fell following sharp declines on Wall Street last week.Benchmarks declined across the region. Jakarta’s benchmark fell 4%.Market players were awaiting Chinese trade data for April for an indication on how severely restrictions to curb the spread of COVID-19 infections have hurt the economy.Political Cartoons“The global investment community is slowly waking up to the idea we have touted for a long time: That there is a post-COVID-recovery-euphoria ‘hangover,’ coupled with associated inflation and now a European war and fresh inflation impetus as well as the world’s biggest port ...
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New York Gov. Kathy Hochul Tests Positive for COVID-19 | Political News
8May By Gloomberg NewsNo Comments
Politics

New York Gov. Kathy Hochul Tests Positive for COVID-19 | Political News

NEW YORK (AP) — New York Gov. Kathy Hochul tested positive for COVID-19 on Sunday, saying she will isolate and work remotely this week.“Thankfully, I'm vaccinated and boosted, and I'm asymptomatic,” Hochul, 63, tweeted. “A reminder to all New Yorkers: get vaccinated and boosted, get tested, and stay home if you don’t feel well.”A day earlier, the Democratic governor had tweeted a photo from the Olana State Historic Site outside Hudson, New York, which she visited to thank park volunteers.Hochul is at least the 18th U.S. governor to test positive for COVID-19, according to an Associated Press tally. Several U.S. governors have tested positive in recent months, with Connecticut's Ned Lamont and Maine's Janet Mills testing positive in April. New York City Mayor Eric Adams tested positive on A...
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Centuries-Old Passion Play Returns After Pandemic Break | Entertainment News
8May By Gloomberg NewsNo Comments
Entertainment

Centuries-Old Passion Play Returns After Pandemic Break | Entertainment News

By KIRSTEN GRIESHABER, Associated PressOBERAMMERGAU, Germany (AP) — Almost 400 years ago, the Catholic residents of a small Bavarian village vowed to perform a play of “the suffering, death and resurrection of our Lord Jesus Christ” every 10 years, if only God would spare them any further losses from the plague known as the Black Death.Legend has it that ever since 1634, when the villagers of Oberammergau first performed their passion play, no more residents died of that pestilence or any other plagues — until 2020, when the world was hit by a new plague, the coronavirus pandemic. Oberammergau, like so many places worldwide, suffered some COVID-19 deaths, though residents who confirmed that were unsure how many.Another consequence: The villagers could not fulfill their vow to stage the pla...
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US Added 428,000 Jobs in April Despite Surging Inflation | Political News
6May By Gloomberg NewsNo Comments
Politics

US Added 428,000 Jobs in April Despite Surging Inflation | Political News

By PAUL WISEMAN, AP Economics WriterWASHINGTON (AP) — America’s employers added 428,000 jobs in April, extending a streak of solid hiring that has defied punishing inflation, chronic supply shortages, the Russian war against Ukraine and much higher borrowing costs.Friday’s jobs report from the Labor Department showed that last month’s hiring kept the unemployment rate at 3.6%, just above the lowest level in a half-century.The economy’s hiring gains have been strikingly consistent in the face of the worst inflation in four decades. Employers have added at least 400,000 jobs for 12 straight months.At the same time, the April job growth, along with steady wage gains, will help fuel consumer spending and likely keep the Federal Reserve on track to raise borrowing rates sharply to fight inflati...
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