Hong Kong Health Secretary Sophia Chan announced on Wednesday that the city plans to ease coronavirus restrictions from February 18th onwards. This will see the reopening of sports and entertainment facilities as well as the extension of dining hours in restaurants.
While catering businesses will be permitted to remain open...
The price of oil rose yet again on Wednesday, consequently resulting in the commodity extending its longest streak of gains in the last two years. This price hike is the result of falling U.S. crude stockpiles which are contributing to the shortage of global supply.
The rise in the value...
With the European Union desperate to speed up vaccinations across the continent in an effort to combat the coronavirus pandemic, Germany is considering backing local vaccine producer IDT Biologika by expediting approval for its vaccine production. The manufacturer, based Dessau-Rosslau in eastern Germany, is looking to produce the Russian...
Chipotle has recently raised their prices on takeout orders, but it's only because they had no other choice. After companies such as Grubhub and Uber Eats made the decision to raise their prices, Chipotle was forced into an uncomfortable position to do the same.
The reason Grubhub and Uber Eats...
Since the initial outbreak of the COVID-19 pandemic, nationwide as well as global shutdowns have resulted in the crippling of the hospitality industry, with over 3.9 million hospitality workers being left jobless since the start of the pandemic in February 2020. In response to this dire circumstance, CareerBuilder CEO...
Economist experts have recently estimated that unemployment numbers were around 830,000 last week. The Department of Labor is set to release its official report on it soon.
Unemployment levels are still high, but they've experienced a slight dip in recent weeks. Although 830,000 is still extremely high, it's much lower...
The Colombian government announced on Saturday that it is due to receive an initial order of 4.4 million doses of coronavirus vaccines from the World Health Organization-backed COVAX mechanism.
President Ivan Duque addressed the nation on television, explaining that this delivery would include a combination of vaccines developed by Pfizer...
McDonald's profits in Q4 fell short of what Wall Street was expecting, achieving a $5.31 billion revenue instead of the $5.37 billion that was ancticapted. But thankfully, the fast-food conglomerate was able to thrive in other ways.
Due to the COVID-19 pandemic, McDonald's, like countless other companies, were forced to...
While already the most shorted stock on the market, American Airlines Group Inc skyrocketed yet again after being mentioned on the Wall Street Bets forum on Reddit. This comes after GameStop Corp. stocks surged due to being the focal point of debate on the exact same forum.
American Airlines's rapid...