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Coronavirus latest: California shatters daily record with more than 18,000 new cases

President-elect Joe Biden urged Americans to forgo their traditional Thanksgiving customs during the pandemic, warning of the dangers of coronavirus “fatigue”. “This is the moment where we need to steel our spines, redouble our efforts and recommit ourselves to the fight,” Mr Biden said in a Thanksgiving speech. ExxonMobil said it will sack up to… Continue reading Coronavirus latest: California shatters daily record with more than 18,000 new cases

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Gruesome UK forecasts lay bare cost of coronavirus crisis

Not since the second world war has a UK chancellor had to come to the House of Commons and announce such a large downgrade to the outlook for Britain’s economy and public finances. Rishi Sunak told MPs that borrowing by the UK government in 2020-21 is set to be the highest ever in peacetime, as… Continue reading Gruesome UK forecasts lay bare cost of coronavirus crisis

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Coronavirus latest: Hong Kong shuts bars and clubs for 3rd time in bid to curb surge

Business travellers coming into England for trips of up to three days could be exempt from the quarantine system under plans floated on Tuesday. A government task force said in a report that the exemption could be introduced in early 2021, although the visitors would be banned from socialising while in England. The makers of… Continue reading Coronavirus latest: Hong Kong shuts bars and clubs for 3rd time in bid to curb surge

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Coronavirus latest: Florida Covid-19 deaths jump as sunbelt cases climb

Peter Wells in New York California and Texas reported increases in cases on Monday that pulled back from record jumps in infections over the weekend, while Florida reported its biggest one-day jump in deaths in more than a month. The US states, which rank first, second and third by population — and coronavirus cases since… Continue reading Coronavirus latest: Florida Covid-19 deaths jump as sunbelt cases climb

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Bearing the burden of coronavirus debt

In 2010, as the global economy was beginning to recover from the financial crisis that had taken place just two years before, the UK placed itself in the vanguard of a shift towards austerity. The decade of weak growth and political instability that followed mean that few are keen to repeat the exercise after the… Continue reading Bearing the burden of coronavirus debt

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UK economy set to shrink as coronavirus restrictions limit activity

The new lockdown in England caused activity in the dominant UK services sector in November to fall to its lowest level since the spring, pointing to a double-dip economic downturn at the end of the year despite stockpiling helping to boost manufacturing. The flash, or interim, IHS Markit/Cips services purchasing managers’ index, a measure of… Continue reading UK economy set to shrink as coronavirus restrictions limit activity

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Coronavirus latest: Toronto regions to enter lockdown after new cases hit record highs

Despite the pandemic, American consumers are forecast to open their wallets this holiday shopping season — even if they will be doing much of it online. Over the 75-day period leading up to Christmas, retail sales are predicted to increase 2.4 per cent from the same period a year ago, according to Mastercard SpendingPulse. The… Continue reading Coronavirus latest: Toronto regions to enter lockdown after new cases hit record highs

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Coronavirus Update: U.S. moves closer to 200,000 daily COVID cases; Birx and Fauci urge Americans to follow safety measures over Thanksgiving

The global case tally of the coronavirus illness COVID-19 climbed above 57 million on Friday, and the U.S. moved closer to 200,000 cases in a day while setting a fresh record for hospitalizations as the virus continues to infect people in every state and region. See now:Doctors question FDA approval of Gilead’s COVID-19 treatment and… Continue reading Coronavirus Update: U.S. moves closer to 200,000 daily COVID cases; Birx and Fauci urge Americans to follow safety measures over Thanksgiving

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Coronavirus Business Update: Fears of ‘debt tsunami’ as governments ramp up borrowing

Your level-headed briefing on how the coronavirus pandemic is affecting the markets, global business, our workplaces and daily lives, with expert input from our reporters and specialists across the globe. For updates visit our live blog. Please send your reactions and suggestions to covid@ft.com. We would like to hear from you. The FT is offering… Continue reading Coronavirus Business Update: Fears of ‘debt tsunami’ as governments ramp up borrowing