New Covid-19 cases in the U.S. continued to drift lower Saturday, staying below 50,000 for the eighth consecutive day as the Food and Drug Administration authorized convalescent plasma as a treatment for serious coronavirus cases. Total U.S. coronavirus cases rose to nearly 5.7 million, just under a quarter of the global tally, while the nation’s … Read more
ZARAGOZA, Spain—When José Ignacio Barrasa saw the number of Covid-19 patients in his hospital rise to levels last seen in the spring, he resorted to a tactic European countries thought they had put behind them: He asked the Spanish military to build an emergency field hospital. “The outbreak was a complete surprise. We didn’t expect … Read more
At beleaguered European banks, coronavirus is fast-tracking plans for fundamental restructuring after years of poor performance. Many of the region’s most prominent lenders are tearing up old business models, cutting business lines or doubling down on domestic markets as they try to find a formula that works for them. HSBC Holdings PLC is… Source link
CANCÚN, Mexico—Since this once-sleepy stretch of Mexico’s Caribbean coast began its transformation into a glitzy resort community 50 years ago, it has thrived by attracting millions of vacationers during its summer and winter seasons. These days, however, there are long stretches of deserted beach. Hotel occupancy has fallen below 30%. Shopping malls are empty. And … Read more
JOHANNESBURG—South Africa’s $1.5 billion wine industry is reeling after a series of pandemic-induced shocks, including successive bans on the sale of alcohol totaling some 14 weeks. The country’s Chardonnays and Cabernet Sauvignons have become household staples world-wide, and wineries centered in the rolling farmlands around the Western Cape are among South Africa’s most successful and … Read more
Argentines are once again rushing to the safety of the U.S. dollar, a sign the country’s deal with creditors to restructure $65 billion in foreign debt has failed to restore confidence in government policies. The agreement reached early this month to lower interest payments and extend debt maturities will provide the insolvent South American country … Read more
SEOUL—South Korea, praised for its Covid-19 containment, is having a bout of coronavirus déjà vu, with rising coronavirus cases linked to a large church and the government scrambling to respond. The country is teetering on the verge of a national outbreak, local health officials warn, and faces a possible return of its most stringent social-distancing … Read more
Europe’s economic recovery slowed in August while Japan saw another drop in activity, an indication that the return to pre-pandemic levels of global output is likely to be slow and uneven for as long as fresh outbreaks of the novel coronavirus continue to threaten. Economies around the world saw record contractions in the three months … Read more
FRANKFURT—European Central Bank officials signaled that they could roll out new monetary stimulus in the fall to shore up economic growth, as the region wrestles with rising unemployment and a possible wave of corporate bankruptcies. While ECB officials signaled relief that the 19-nation currency union had avoided an even deeper downturn, they warned of possible … Read more
The National Institutes of Health told a small New York-based nonprofit that it must hand over information and materials from a research partner in Wuhan, China, that is under scrutiny by the Trump administration to win back a multimillion-dollar research grant. Among the items the nonprofit EcoHealth Alliance must provide to resume funding is a … Read more