The COVID-19 pandemic is taking a toll on southeastern China. Putian, Xiamen, and Quanzhou are the three hardest-hit cities in Fujian Province. Local residents have been locked inside their homes, the nucleic acid test sites are crowded, and clashes happen often due to understaffing. According to local official reports, between Sept. 10 and Sept. 20,…
Southeastern China Outbreak Worse Than Officially Reported, Locals Say
Pandemic-Hit Qantas Weighs New Pay Structure to Keep Key Executives
SYDNEY—Qantas Airways Ltd said on Friday it was considering new ways to structure pay to ensure it could retain key executives as it enters the third financial year affected by the pandemic-driven slowdown in travel. Qantas Chairman Richard Goyder said executives had faced a high workload with no annual bonuses for the last two years,…
Boom for Banks as M&A and Pandemic Boost Corporate FX Needs
LONDON—A boom in corporate dealmaking, surging input costs, and a focus on short-term cash flows in the pandemic have sent companies rushing to hedge their currency exposures this year, giving a boost to banks that sell foreign exchange products. Corporate treasurers say the pandemic, which sent revenues tanking in 2020 before this year’s sharp rebound,…
WHO Failed to Investigate Deleted Virology Database and Evidence Indicating Earlier Start of Pandemic
Commentary On Sept. 12, 2019, the Wuhan Institute of Virology’s database of viral sequences was taken offline. The deleted database, which has never been publicly recovered, contained more than 22,000 unpublished samples and sequences of bat and rodent viruses. Notably, the database contains crucial data and may hold the key to determining whether the lab…
H&M’s Sales Still Lag Pre-Pandemic Levels as Restrictions Bite
STOCKHOLM—Sales at fashion retailer H&M grew less than expected in the three months to the end of August, staying below pre-pandemic levels as restrictions kept shoppers away from stores. The Swedish group said on Wednesday sales grew 9 percent from a year earlier, or 14 percent in local currency terms, to 55.6 billion crowns ($6.46…
Zara Owner Inditex Outshines H&M as Sales Top Pre-Pandemic Levels
MADRID—Fashion brand Zara owner Inditex has outpaced Swedish rival H&M in its efforts to bounce back from the coronavirus crisis, with second-quarter sales rising above pre-pandemic levels. The world’s biggest fashion retailer’s sales in the quarter edged above levels seen before the pandemic as most stores reopened and people rushed to renew their wardrobe after…
Leaked Zoom Video Reveals Hospital Officials Discussing COVID-19 Scare Tactics
September 14, 2021
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A leaked Zoom conference reveals a doctor questioning how to increase the count of COVID-19 patient numbers on the hospital’s dashboard report. The media outlet National File said it obtained the recording from an “internal source” at the Novant Health System that includes New Hanover Regional Medical Center in Wilmington, North Carolina. National File posted…
Exclusive: China’s Miniso to Double US Stores, Add NY ‘Flagship’ as Pandemic Slashes Mall Rents
September 14, 2021
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BEIJING—Chinese retailer Miniso Group will open a flagship store in New York and nearly double its U.S. outlets this year, betting post-pandemic shoppers on a budget will snap up cheap goods for home and work like $10 soft toy cats and $4 staplers shaped like avocados. At less than 60 outlets, Miniso’s U.S. presence will…
China’s Miniso to Double US Stores, Add NY ‘Flagship’ as Pandemic Slashes Mall Rents
September 14, 2021
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ChinaChina Business & EconomyeconomyflagshipLocal NewsMinisoNew YorkNY NewspandemicRegional-Local NewsUSUS NewsUS-China relations
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BEIJING—Chinese retailer Miniso Group will open a flagship store in New York and nearly double its U.S. outlets this year, betting post-pandemic shoppers on a budget will snap up cheap goods for home and work like $10 soft toy cats and $4 staplers shaped like avocados. At less than 60 outlets, Miniso’s U.S. presence will…
UK Employee Numbers Surge Above Pre-Pandemic Level
LONDON—British employers added a record 241,000 staff last month, lifting the total number of employees on company payrolls to just above the level before Britain first went into a COVID-19 lockdown last year, official data showed on Tuesday. The robust jobs data comes as Britain’s government prepares to end its furlough programme on Sept. 30, which…
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