On Friday, Goldman Sachs predicted the UK's economy will grow 7% in 2021. The growth will be led by the coronavirus vaccine rollout and a Brexit trade deal. Over half of the country's population is expected to be immunized by March. Business Insider reports there will be a significant rebound in economic activity from the second quarter of next year. New trade restrictions are likely to weigh on potential growth in the coming years. Goldman said the drag will mostly be slow to materialize.
An SEC filing reveals AMC aims to raise up to $844 million through the sale of 200 million shares to meet cash needs. Business Insider reports that AMC has burned through the bulk of its cash reserves as virus restrictions and a lack of major releases cut into business. In October AMC warned it could run out of money by the end of the year. The upcoming stock sale will likely raise far less than the $844 million target. On Thursday, AMC stock plummeted 16%.
The Wall Street Journal reported Pfizer cut the number of vaccines it planned to ship in 2020. According to Business Insider, this is due to supply chain delays. Sources say Pfizer sourced materials and set up supply chains while developing a vaccine. This is an "unprecedented" move in the world of medicine and vaccine development. But Pfizer and BioNtech maintain they will produce 1.3 billion doses by the end of 2021.
UPS has told drivers to stop picking up packages from some large retailers during the holiday season. Business Insider reports the move is just temporary. This year is expected to be busier than usual for carries. More retailers are relying on online orders for holiday shopping. UPS has told drivers to stop picking up packages from some large retailers as the holiday shipping season picks up.
On Wednesday, December 2nd, the US coronavirus outbreak set grim new records. 3,100 Americans died, a new high. Business Insider reports number of virus hospitalizations passed 100,000. The US is still the worst-affected country in the world. Officials are issuing dire warnings about the months ahead. President Donald Trump is barely mentioning the virus. He is still fixated on his election loss a full month after voting ended.
The centres will open just days after President Vladimir Putin announced a programme to get as many Russians vaccinated as possible. Doctors, teachers and social workers will be first to receive the Sputnik V vaccine.
Credit: euronews (in English) Duration: 02:14Published
Russia's Sputnik V COVID-19 vaccine will cost less than $20 per person on international markets and Moscow aims to produce more than a billion doses at home and abroad next year, its backers and developers said on Tuesday. Emer McCarthy reports.
Venezulans flock to shopping centers in the capital to take advantage of an early Black Friday deals as Nicolas Maduro's government relaxes the measures to prevent the spread of Covid-19 in an effort to boost the economy.View on euronews
Credit: euronews (in English) Duration: 00:50Published
The U.S. economy added the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens the recovery from the pandemic recession. Conway G. Gittens reports.
Politico reports that President Donald Trump is considering pardoning as many as 20 close associates before he leaves office in January. Who would he pardon? According to Business insider they include his personal lawyer Rudy Giuliani, as well as his three eldest children, as The New York Times previously reported. However, the president is said to be concerned about whether the preemptive pardons could look like a public admission of guilt.