Florida Governor Ron DeSantis said the state will sues the US government and the country’s best public health authority to allow cruise ships to resume immediately. The cruise industry, one of Florida’s major economic engines, was shut down by the Centers for Disease Control and Prevention more than a year ago.
Italian Prime Minister Mario Draghi has called on the country to prioritize the vaccination of the elderly, as many over-60s go without shots while younger workers received them. As of last week, 43 percent of people over the age of 80 were in Italy and 88.9 percent were between the ages of 70 and 79 still waiting for a first shot
Jay Powell, chairman of the US Federal Reserve, said he would like the economy to see “a series” of months of strong job growth of about $ 1 million to show “progress” in the pandemic recovery. . He called the stronger economic outlook thanks to strong fiscal policy support and a rapid roll-out of vaccinations.
New unemployment claims in the US soared for one second consecutive week, a break from the recent slowdown in the rate of layoffs as states lift coronavirus restrictions. Seasonally adjusted jobless claims rose unexpectedly from 728,000 in the week before to 744,000 in the week before Easter.
Online fashion retailer Asos said the full year outlook was boosted by a strong performance in the first half, but that cautious about economic outlook for its 20 core customers. Pre-tax profit for the six months to the end of February was £ 106 million, compared to £ 30.5 million last year.
The UK Co-operative Group said it would reimburse about £ 15m in leave scheme it received from the government but has repeated his refusal to return business rates relief. The UK’s sixth largest food retailer by market share said the Covid-19 pandemic brought significant additional costs.
Johnson Matthey, the UK specialty materials company, said full-year financial results would reach analysts’ highest expectations thanks to a strong recovery in China’s car market. The group, which makes catalysts, predicted underlying operating profit to be £ 405m to £ 502m in the year to March.
Vaccitech was done when the pandemic broke out. The Oxford University spinout got a head start in the race to develop a Covid-19 vaccine after years of working on another coronavirus. It now wants to take advantage of its breakthrough technology with an IPO. The timing is less favorable for that milestone.