The World Bank said on Monday that the COVID-19 Delta variant is holding back the recovery in East Asia and Pacific (EAP) countries, which would give rise to economic recession and inequality in the long term. Testing, tracking, and isolation among the public have been less effective against the more infectious Delta variant, partly driving…
Delta Variant Casts Shadow Over East Asia and Pacific Economies in Long Term: World Bank
China’s Foreign Trade Companies Struggles As International Freight Rates Soar
Analysis Amid the pandemic, China’s export orders have surged due to strong global demand but rising international shipping costs, insufficient supply, and lack of empty cargo rotation have caused traffic congestion in logistics. In addition, a backlog of products from foreign trade companies has created a tight capital flow for the processing companies. These problems…
China’s Economy Shows Weakness Amid Outbreak and Supply Crisis
September 15, 2021
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China’s factory output growth in August hit a 13-month low as COVID-19 delta variant surges in southeast China and the global supply shortage prolongs. The latest data released by China’s National Bureau of Statistics (NBS) on Sept. 15 show a 5.3 percent rise in industrial production from last year, one percent lower compared to the…
Home Test for COVID-19 Is Eligible Medical Expense: IRS
September 13, 2021
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The Internal Revenue Service (IRS) on Sept. 10 said that the cost of home testing for COVID-19 is an eligible medical expense. The IRS said that the cost for home testing for COVID-19 can be paid or reimbursed under health flexible spending arrangements, health savings accounts, health reimbursement arrangements, or Archer medical savings accounts. “That is because the…
Chinese City With COVID-19 Outbreak Stops Buses, Trains
BEIJING—A city in southern China that is trying to contain a COVID-19 outbreak told the public Sunday not to leave town, suspended bus and train service, and closed cinemas, bars, and other facilities. Anyone who needs to leave Putian, a city of 2.9 million people in Fujian province south of Shanghai, for an essential trip…
Biden’s New Vaccine Mandate ‘Fascist’: Rep. Donalds
In response to President Joe Biden announcing his vaccine mandate for federal workers, Republican members of Congress have criticized the new rule for infringing on personal freedoms. Rep. Byron Donalds (R-Fla.) called the mandate, “fascist— downright totalitarian.” “Listen, the president of the United States just simply doesn’t have the authority for this kind of order….
Remote Workers’ Comfort Returning to the Office Drops to Lowest Level Since February: Poll
September 8, 2021
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The level of remote workers who feel comfortable returning to the office amid the COVID-19 pandemic has dropped to its lowest level since February, according to a new poll by Morning Consult. The data intelligence company has been closely tracking the perceptions of employees who typically work in an office but are working remotely due to the pandemic,…
Restaurant Jobs Hard to Fill in the US During Pandemic
The U.S. restaurant industry has been steadily recovering from the pandemic since February, but recent employment data show restaurant owners face challenges ahead. Restaurants and bars lost 42,000 workers in August following several months of strong jobs growth, the latest sign that the industry is wrestling with the Delta variant of the CCP (Chinese Communist Party)…
Delta Variant Threatens Survival of Already Precarious Restaurants
The U.S. restaurant industry has been steadily recovering from the pandemic since February, but recent employment data show restaurant owners face challenges ahead. Restaurants and bars lost 42,000 workers in August following several months of strong jobs growth, the latest sign that the industry is wrestling with the Delta variant of the CCP (Chinese Communist Party)…
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