TOKYO—Japan’s Toyota Motor Corp on Monday said it missed its global production target for April as COVID-19 outbreaks and a parts shortage slowed its post-pandemic recovery. The world’s largest automaker by sales produced 692,259 vehicles last month, a 9.1 percent drop from the same month last year, and falling short of an earlier plan of…
Toyota Misses April Global Production Target Due to COVID, Parts Shortage
Toyota Cuts June Output Plan Again as China Lockdowns Bite
May 28, 2022
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TOKYO—Toyota Motor Corp. on Friday cut its global production plan for June for the second time this week and signaled its full-year output estimate could be lowered, highlighting the pain from the supply chain crunch and China lockdown. Global automakers’ production has been hit by the microchip shortage and also by China’s COVID-19 lockdowns. The…
Moderna ‘Throwing 30 Million Doses in the Garbage’ Over Dwindling Vaccine Demand: CEO
May 25, 2022
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The CEO of pharmaceutical and biotechnology company Moderna, Stéphane Bancel, said the company is having to “throw away” millions of doses of COVID-19 vaccines because “nobody wants them.” Bancel made the comments during an appearance at the World Economic Forum on Monday, while noting his concerns over the lack of people getting vaccinated and waning immunity among those…
Moderna ‘Throwing 30 Million Doses in the Garbage,’ CEO Says
May 25, 2022
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The CEO of pharmaceutical and biotechnology company Moderna, Stéphane Bancel, said the company is having to “throw away” millions of doses of COVID-19 vaccines because “nobody wants them.” Bancel made the comments during an appearance at the World Economic Forum on Monday, while noting his concerns over the lack of people getting vaccinated and waning immunity among those…
German Economy Remains on Growth Path for Now: PMI
BERLIN—A sustained rebound in services helped business activity in Germany grow again in May, though there are signs that rising prices, market uncertainty, and supply problems are starting to put pressure on demand, a preliminary survey showed on Tuesday. S&P Global’s flash Purchasing Managers’ Index (PMI) for services was 56.3 in May, down from April’s…
Airbnb Announces Domestic Business Withdrawal From China
May 24, 2022
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Airbnb announced Tuesday that it will discontinue domestic operations in China and instead focus on serving Chinese users traveling abroad amid the ongoing COVID-19 lockdowns in China. The San Francisco-based company said in a letter posted to its social media account that it will remove all Chinese listings and experiences from its platform on July…
UK’s Johnson Calls for Talks as Unions Threaten ‘Biggest Rail Strike in Modern History’
May 23, 2022
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British Prime Minister Boris Johnson has urged rail unions to talk to the government before causing “irreparable damage” with strike action. The National Union of Rail, Maritime, and Transport Workers (RMT) is holding a ballot of its 40,000 members on plans to strike over jobs, pay, and conditions. The ballot is set to close on…
As China’s Sales Slump, Luxury Industry Looks to US Market
May 22, 2022
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Affected by the COVID-19 lockdown measures, sales of luxury goods in the Chinese market have suffered significant setbacks. Global luxury industry leaders said recently that the booming U.S. market and emerging markets have the potential to help offset the negative impact of the Chinese market. Before the outbreak of the CCP (Chinese Communist Party) virus…
China’s Protracted Lockdowns Cause Critical Shortages in West
May 16, 2022
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Hospitals in the United States are on high alert, with some doctors prioritizing patients in critical condition as the prolonged lockdown in China’s Shanghai has caused a global shortage of chemicals used in medical imaging. Some of the largest U.S. hospitals said earlier this month they were facing significant shortages of iodinated contrast media products,…
Why Home-Based, Tech-Enabled Care Is the Future of Medicine for Seniors
Home-based, technology-enabled primary care can make all the difference for seniors, whether they have chronic conditions or just want to remain healthy and prevent illness. As the American population continues to age, it is critical to reimagine primary care to account for the emerging trends in the senior community. More tech-savvy seniors, like those with…
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