A new poll by ABC News and Ipsos indicates that 75 percent of Americans have a negative assessment of the economy, as the nation struggles with ongoing supply chain disruptions, labor shortages, inflation, and an uncertain future for the stock market. The poll, which asked respondents to “describe the state of the nation’s economy these…
350 Million People Impacted by Global Power Outages: Report
February 1, 2022
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Business & EconomyBusinesses in COVID-19economyEnergy MarketIHS MarkitInternationalMarketspower outagesWorld
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Significant power outages in 2021 affected around 350 million people, or 4 percent of the world’s population, according to a new study. In a report titled “Are We Entering an Age of Increasing Power Supply Disruptions?” IHS Markit discovered that extreme weather events and energy transition trends eroded reliability and disrupted some of the world’s…
Blue Collar Workers Considering Career Changes, Opt for Safer Work Options
As the pandemic loomed, the world’s population went under lockdown and most people started working from homes but this trend has not been applicable to a majority of workers who could not afford that privilege—the blue-collar employees. After seeing their office-going counterparts simply shifting their work stations and continuing to work remotely, sitting in the…
Domino’s Paying Customers to Pick up Their Own Pizza Until May
Domino’s Pizza announced Monday that it will pay customers to pick up their own pizza just weeks before the Super Bowl begins amid a nationwide shortage of workers and supply chain disruptions. The Michigan-headquartered restaurant chain will offer customers a $3 credit if they choose online-ordered carryout over delivery between now through May 22, 2022. The $3 credit can be used on…
Center for COVID Control Faked COVID-19 Test Results: Lawsuit
February 1, 2022
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AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCenter for COVID ControlCrime and IncidentsEditor's PicksFraudUSUS NewsWashington state
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A COVID-19 testing company faked test results and didn’t have licenses to operate testing sites, according to a new lawsuit. The Center for COVID Control claimed to provide COVID-19 tests throughout Washington state for free and promised to provide results within 48 hours. But in reality, the company gathered patient insurance information and provided “invalid…
Akoustis Clocks 96 Percent Sequential Revenue Growth in Q2; Issues Positive Q3 Outlook
Akoustis Technologies Inc. reported second-quarter FY22 revenue growth of 96 percent quarter-on-quarter to $3.67 million, missing the consensus of $3.78 million. “Despite the ongoing macro headwinds presented by both COVID and semi-conductor supply chain shortages, Akoustis was able to achieve record revenue and unit growth in the December quarter and we expect that growth to continue….
Growth Slows at End of 2021 in 19 Countries That Use Euro
FRANKFURT, Germany—The European economy slowed noticeably at the end of last year as surging COVID-19 cases driven by the omicron variant piled on top of supply shortages and rising energy prices that dented consumer purchasing power. The result: An economic winter of discontent that may not lift until later this year. Much of the slowdown…
Australian Government Pledges Cash Handouts to Aged Care Workers
January 31, 2022
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aged careAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusPrime Minister Scott MorrisonScott MorrisonWorld
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The Australian federal government is preparing to distribute bonus payments to aged care workers as the sector grapples with Omicron, a move that has renewed calls from the opposition and health care workers to increase the minimum wage in the sector. “The government is providing a further AU$209 million to support the aged care workforce…
Hershey Fires Unvaccinated Employees
January 31, 2022
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AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesCOVID vaccinationPolicies & ImpactsPopeSocial IssuesThe Hershey CompanyUSUS NewsVaccines & Safety
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The Hershey Company has begun firing office workers who did not get vaccinated against COVID-19. On the way out the door, Hershey is asking employees to sign a nine-page confidentiality and release agreement that would remove their rights to sue the company or talk about their experience. Although their signature comes with a “special separation…
EXCLUSIVE: Hershey Fires Unvaccinated Employees
January 31, 2022
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AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesCOVID vaccinationPolicies & ImpactsPopeSocial IssuesThe Hershey CompanyUSUS NewsVaccines & Safety
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The Hershey Company has begun firing office workers who did not get vaccinated against COVID-19. On the way out the door, Hershey is asking employees to sign a nine-page confidentiality and release agreement that would remove their rights to sue the company or talk about their experience. Although their signature comes with a “special separation…
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