COVID-19 was declared to be the third largest cost to insurance companies of any catastrophe in history after Hurricane Katrina and the 9/11 attacks, with losses of up to $44 billion, according to the insurance broker Howden, in a Jan. 4 report on reinsurance renewals. This amount is lower than the initial 2020 projections of $100…
CCP Virus Pandemic Cost Insurers $44 Billion, 3rd Largest in History
United and Spirit Airlines Increase Pay for Pilots and Flight Attendants to Offset Labor Shortages
January 5, 2022
admin
Business & EconomyBusinesses in COVID-19Companiesflight attendantsflight cancellationspilotsUncategorized
0 Comment
By Amanda Breen In the wake of a holiday season full of flight cancellations across the U.S., airlines are doing what they can to keep their employees happy and working. For United and Spirit, that means a temporary pay bump for their pilots and flight attendants. Business Insider reported that United pilots who work additional flights through January 29 will…
Japan’s Factory Activity Growth Softens in December: PMI
TOKYO— Japan’s manufacturing activity grew for an 11th straight month in December, but at a slower pace than in the prior month as output and new order growth softened while cost pressures stayed elevated. Businesses benefited from the weakening impact of the coronavirus pandemic as they shook off some of the drag of the health…
Jefferies Asks Employees to Work Remotely Until End of January: CEO
January 4, 2022
admin
AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusCompaniesemployeeJanuaryJefferiesremoteUSUS NewsVaccines & Safetywork
0 Comment
U.S. investment bank Jefferies Financial Group has asked staff to work remotely until Jan. 31, according to an Instagram post on Monday from Chief Executive Officer Richard Handler. The bank had called its staff back to offices in October, but was forced to return to work-from-home in December due to a spike in COVID-19 cases….
Commercial Aircraft Engine Maker Safran to Hire 12,000 in 2022 As Airline Industry Recovers
French commercial engine manufacturer Safran announced plans on Jan. 2 to hire 12,000 people worldwide this year to rebuild its capacity, after it cut 20,000 jobs and closed seven sites over 18 months due to the global pandemic. 3,000 of these new jobs will be in France. Safran is the world’s third-largest aerospace contractor with…
Biden Announces $1 Billion for Small Meat Processors to Address Soaring Costs
January 3, 2022
admin
AMERICABusiness & EconomyBusinesses in COVID-19CCP VirusExecutive BranchinflationJoe BidenMeat processingPolicies & ImpactsPoliticsUSUS News
0 Comment
President Joe Biden’s administration announced a new initiative on Monday to address the high prices Americans are paying for meat. The steady rise in the cost of food nationally over the past year has been driven by sharp increases in meats and poultry. Over the past 12 months leading up to November, the cost of…
US Airline Industry Hit With Further Omicron-Related Disruptions Over New Year’s Day Weekend
The airline industry took a further pummeling over the busy New Year’s Day weekend, with over 4,000 flights being canceled on Jan. 2 alone, more than half of the total, numbering 2,377 in the United States alone. More than 11,200 flights on Sunday were delayed worldwide according to FlightAware.com, a site that collects commercial air…
Chip Sales Set to Grow Nearly 10% in 2022: Report
Chipmakers have been clear winners in the pandemic era, and the momentum in the semiconductor space will likely remain strong going into 2022, CNBC reports quoting trade credit insurer Euler Hermes. Semiconductor sales will likely grow by another 9 percent and cross $600 billion for the first time in 2022, the Euler Hermes analysts predicted. They added…
Starbucks Says US Workers Must Get COVID-19 Vaccine or Weekly Testing
January 3, 2022
admin
AMERICABusiness & EconomyBusinesses in COVID-19CCP ViruscoffeeeconomyStarbucksUSUS NewsVaccines & Safety
0 Comment
Starbucks on Monday announced that its tens of thousands of U.S. workers must get a COVID-19 vaccine or undergo weekly testing to comply with new federal mandates. The federal Occupational Safety and Health Administration (OSHA) set a Feb. 9 date for large employers with 100 or more workers to require either full vaccination or weekly…
UK Government Seeks to Mitigate Workforce Disruption From Omicron
January 3, 2022
admin
Business & EconomyBusinesses in COVID-19CCP VirusdisruptioneconomyMitigateOmicronUKUK GovernmentworkforceWorld
0 Comment
LONDON—The British government has asked public sector managers to test their contingency plans against a worst-case scenario of 25 percent staff absence as part of efforts to minimise disruption from the rapid spread of the Omicron variant of the coronavirus. With daily infection numbers at a record high and people who test positive required to…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`