New York Auto Show canceled amid Delta variant worries
Organizers on Wednesday canceled the New York Auto Show that had been set for later this month amid rising COVID-19 cases caused by the more infectious Delta variant of the coronavirus amid rethinking of return to offices schedules.
CVS hedges on 2022 earnings growth target as COVID-19 uncertainty persists
CVS Health Corp (CVS.N) on Wednesday hedged a bit on its long-term target for double-digit earnings growth for next year, pointing to uncertainty around COVID-19 vaccination and testing demand, as well as medical costs, sending shares down 3%.
AstraZeneca COVID-19 sales jump as drugmaker navigates vaccine challenges
Second-quarter sales of AstraZeneca’s (AZN.L) COVID-19 vaccine more than tripled to $894 million from the first quarter, but the drugmaker on Thursday again delayed its U.S. application for approval as it gathers more data for submissions.
Wizz Air sees summer capacity close to pre-pandemic levels
Wizz Air (WIZZ.L) expects capacity to ramp up to between 90% and 100% of pre-pandemic levels in July and August as summer demand for European travel grows, and this could get an extra boost from further easing of UK restrictions.
Visa gets vaccine boost as domestic spending back near pre-COVID levels
Visa Inc (V.N) beat estimates for quarterly profit on Tuesday, with domestic spending almost back to pre-pandemic levels and international travel on the road to recovery as rising vaccinations and reopening economies take effect.
IMF raises growth forecasts for rich nations, dims outlook for developing world
The International Monetary Fund on Tuesday maintained its 6% global growth forecast for 2021, upgrading its outlook for the United States and other wealthy economies but cutting estimates for developing countries struggling with surging COVID-19 infections.
Analysis: U.S. manufacturers take a double hit from labor and materials
Calder Brothers Corp is under pressure to raise wages after rivals lured away some of its workers. A few others were also considering jumping ship, but co-owner Glen Calder said the South Carolina-based construction machinery company managed to persuade them to stay by promising a better career.
JLR parent sees demand recovering, warns of short term impact of chip shortage
India’s Tata Motors Ltd (TAMO.NS) said on Monday it expects performance to improve from the second half of its current financial year, anticipating an easing of global supply constraints on rapid COVID-19 vaccinations.
German business morale down on supply shortages, virus fears
German business morale fell unexpectedly in July on continuing supply chain worries and amid rising coronavirus infections, a survey showed on Monday.
With $4 billion in losses, Heathrow tells UK: open up travel
London’s Heathrow Airport urged Britain on Monday to open up travel to vaccinated passengers after its recovery fell behind Europe, pushing its cumulative pandemic losses to $4 billion.
