In pre-COVID times, business events – from small academic conferences to giant trade shows like CES – routinely attracted more than 1 billion participants each year. The pandemic brought those global gatherings to a sudden halt, emptying convention centers and shuttering hotels. More than a year later, in-person meetings are on the […]
Covid
Crypto, Robinhood and SPACs: Securities Market Hybrids in the Covid Pandemic Era
Text size OZAN KOSE/AFP/Getty Images About the author: Stephen Deane, a chartered financial analyst, is senior director, legislative and regulatory outreach, at the CFA Institute. He joined the institute after more than nine years at the U.S. Securities and Exchange Commission. Ever since Covid disrupted our lives, two themes have […]
Should insurance pay when a business can’t operate due to COVID?
CINCINNATI — Cincinnati Financial Corp. has spent $30 million on lawyers in the last year, as it fends off 169 lawsuits aimed at forcing it to pay business interruption claims by companies forced to close during the coronavirus pandemic. One of those lawsuits was filed by Taste of Belgium owner […]
COVID shutdowns cost Ohio businesses big bucks. Should insurance pay?
The Ohio insurance industry is keeping a close eye on a case before the Ohio Supreme Court that will decide whether businesses shut down during the coronavirus pandemic can make claims against their property insurance policies. “You’d literally wipe out the entire industry in a matter of months,” said Dean Fadel of the […]
Travelers Companies to delay return to office due to COVID delta variant
Travelers Companies has announced that it will delay its planned return of thousands of its workers to its offices in downtown Hartford, CT by a month. In July, the insurer first announced its plans for the return to occur in mid-September. Travelers also revealed that part of the return plan […]
Stocks suffer biggest drop in months as rising COVID cases shake confidence
Rising concerns about inflation and the resurgence of COVID-19 infections among the unvaccinated walloped Wall Street on Monday, with major benchmarks suffering their worst declines since May, even as quarterly earnings continue to reflect a strengthening economic rebound. Fears about broadly rising coronavirus cases drove the Nasdaq and S&P 500 […]
Gov. Wolf Announces $6 Million in COVID Relief Funding for Lancaster County Restaurants
Gov. Wolf secured $145 million in pandemic relief for the hospitality industry Governor Tom Wolf today joined the Pennsylvania Department of Community and Economic Development (DCED), the Economic Development Company of Lancaster County, the Lancaster Chamber of Commerce, and the owners of local restaurant Silantra Asian Street Kitchen to highlight […]
Tunisians protest as COVID surges, economy suffers | Coronavirus pandemic News
Police used pepper spray on protesters in Tunis who threw stones and demanded Prime Minister Hichem Mechichi quit, parliament be dissolved. Police and protesters have clashed in several Tunisian cities as demonstrators demanding the government step down after a spike in COVID-19 cases that has aggravated economic troubles attacked offices […]
As Thailand hit by its worst COVID outbreak, economic risks rise | Business and Economy News
Thailand risks fueling its decade-high unemployment rate and household debt with the imposition of lockdown-like measures to contain the deadliest Covid outbreak to hit the nation. The greater Bangkok area, accounting for about 50% of Thailand’s gross domestic product, will shutter shopping malls, spas, massage and beauty clinics for at […]
North Korea Faces Worsening Economic Woes amid COVID Lockdown | Voice of America
SEOUL, SOUTH KOREA – North Korea’s coronavirus lockdown has taken a major toll on its economy. Its leader, Kim Jong Un, has hinted at a humanitarian crisis. Some fear the situation could get much worse. North Korea may be the only nation to claim it is COVID-19-free. But even it […]
Video game industry faced wave of cyberattacks during COVID pandemic: report
Check out what’s clicking on FoxBusiness.com. Cyberattack traffic targeting the video game industry skyrocketed during the COVID-19 pandemic. Video gaming was struck by more than 240 million web application attacks in 2020, a 340% increase over 2019, according to Akamai’s new State of the Internet / Security report. “Criminals are […]
Insurers lose High Court challenge over business insurance COVID pandemic payouts
Australia’s insurance industry has lost the latest battle in an ongoing “war of attrition” between insurers and businesses that want compensation for COVID losses. Key points: The insurance industry has been denying small business claims for payouts for COVID losses It lost a test case into the issue last year It […]
Covid LIVE: PM Modi lauds record breaking vaccination numbers today
Prime Minister Narendra Modi | Photo: Shutterstock Corona LIVE updates: India reported 53,256 new cases in the last 24 hours, lowest single-day spike since April 24. With this, the country’s total coronavirus caseload has has reached 29,935,221. The country reported 1,422 deaths yesterday (lowest single-day spike in deaths since April 17), […]