Brussels will announce plans to spend millions of euros on research into new coronavirus variants as it reflects its response to the rapidly evolving pandemicUrsula von der Leyen, President of the European Commission, prepares to announce € 150 million in funding for research into new mutant strains
Texas, which has been hit hard by snow and freezing temperatures, expects this week’s vaccine deliveries to begin ‘at the earliest’ Wednesday, after the U.S. Centers for Disease Control and Prevention and its delivery partners delayed dispatch of vaccines on Friday because of the upcoming winter storm.
Scottish children will return to daycare centers and schools next week amid declining coronavirus cases, Prime Minister Nicola Sturgeon confirmed Tuesday. But she told the Scottish Parliament that the lockdown needed to be relaxed further “Gently, gently and gradually” to avoid future restrictions.
Government spending on buying and distributing vaccines will have a noticeable direct impact on the UK economy, reducing production 1 percentage point in the first quarter, Deutsche Bank predicted. “It could certainly soften the blow of the winter break,” said economist Sanjay Raja.
A Southwest Airlines employee wears a protective mask while assisting a passenger at Los Angeles International Airport
Southwest Airlines expects to burn money more slowly in the first quarter than previously expected, supported by a gradual recovery in demand for leisure travelThe US airline predicted an average burn of $ 15 million per day for the three months to March 31, down from an earlier estimate of $ 17 million per day.
Hong Kong will approve the Covid-19 vaccine CoronaVac for emergency use after the government advisory panel said it would recommend its distribution. Sinovac Biotech, the maker, was exemption granted based on the requirement that phase 3 research data is first published in a medical journal.
Strauss Zelnick’s private equity firm is in advanced talks for Second City, the legendary comedy troupe which launched stars including Tina Fey and John Belushi. The company is expected to raise approximately $ 50 million. Second City has been hit hard by the pandemic, which has brought live events in the US to a halt.
Supercell, the game developer behind it Brawl Stars and Clash of Clans, saw its earnings drop by a fifth in 2020, as a lack of new hits left it the lockdown gaming treeDespite five titles that generated more than € 1 billion in player spend, Supercell’s revenue fell 7 percent in 2020 to € 1.3 billion.