Page 3 - Bloomberg Inside News Today

India Gains Aid Pledges: H.K.-Singapore Bubble: Virus Update Bloomberg 1 hr ago The U.S. has joined European countries in offering help to India as the South Asian nation fights to stem the world’s biggest surge in Covid-19 cases. President Joe Biden’s chief medical adviser said the U.S. will also consider offering India unused doses of AstraZeneca Plc’s vaccine with the Delhi capital area facing a a severe oxygen shortage. The highly anticipated two-way travel bubble between Hong Kong...

Ramadan Concerns Climb; New Curbs on Indian Fliers: Virus Update Bloomberg 1 hr ago Bloomberg News (Bloomberg) -- Southeast Asia’s biggest predominantly Muslim nations are tightening movement restrictions to avert a possible surge in Covid-19 infections around the Ramadan holidays. Direct flights from India and Pakistan into Canada were suspended, and the U.K. announced a mandatory quarantine for travelers from India, which is recording record Covid cases and deaths. China i...

Japan Readies for Emergency; Curbs on India Fliers: Virus Update Bloomberg 1 hr ago Bloomberg News (Bloomberg) -- Japan is preparing to declare a state of emergency in Tokyo, Osaka and two other prefectures, in an attempt to control the latest outbreak and preserve the country’s plans for the Summer Olympics. Covid deaths continued to climb in India. Canada to suspend direct flights from the subcontinent, and the U.K. announced a mandatory quarantine for incoming travelers f...

Even Record Death Toll May Hide Extent of India’s Covid Crisis Bloomberg 1 hr ago Upmanyu Trivedi and Sudhi Ranjan Sen (Bloomberg) -- Bodies piling up at crematoriums and burial grounds across India are sparking concerns that the death toll from a ferocious new Covid-19 wave may be much higher than official records, underplaying the scale of a resurgence that is overwhelming the country’s medical system. Several cities across the South Asian nation have reported shocking d...

Modi Urges India’s States to Shun Lockdowns as Virus Surges Bloomberg 2 hrs ago Swansy Afonso (Bloomberg) -- India’s Prime Minister Narendra Modi, who last year imposed a strict lockdown on short notice, asked states to avoid shutting businesses as the South Asian nation grapples with a new wave of Covid-19 infections that threatens a nascent economic revival. The South Asian nation is now the world’s second-worst hit country, lagging only the U.S., after reporting more ...

Deaths Approach 3 Million; Moderna Faces Shortfall: Virus Update Bloomberg 1 hr ago (Bloomberg) -- The U.S. has administered 200 million doses of Covid-19 vaccine as the rollout picks up pace. New York City Mayor Bill de Blasio is sticking to his call to start bringing city workers back to the office on May 3. Global fatalities from Covid-19 are nearing 3 million. The relentless pace of death continues unabated despite vaccination efforts and is increasingly borne by the world’s poorest pl...

Global Deaths Top 3 Million: Hong Kong Quarantine: Virus Update Bloomberg 3 hrs ago (Bloomberg) -- The toll from the Covid-19 pandemic exceeded 3 million, with the pace of global deaths accelerating, according to Johns Hopkins University data. Deaths are increasingly borne by the world’s poorest places. Moderna Inc. said it will deliver fewer vaccines than planned to the U.K., Canada and other countries this quarter due to a shortfall in doses in its European supply chain. Hong Kong quaran...

Australia Posts Third AstraZeneca-Linked Death: Virus Update Bloomberg 20 mins ago (Bloomberg) -- The U.S. has administered 200 million doses of Covid-19 vaccine as the rollout picks up pace, while Australia recorded its third death likely linked to the AstraZeneca vaccine. Global fatalities from Covid-19 are nearing 3 million as the relentless pace of death continues unabated despite vaccination efforts. Deaths are increasingly borne by the world’s poorest places. Moderna Inc. said it wil...

How China Passed Up a Vaccine Opportunity and Fell Behind Bloomberg 2 hrs ago Bruce Einhorn (Bloomberg) -- The call came early in the Covid-19 pandemic. Drew Weissman, an infectious diseases professor at the University of Pennsylvania and an expert in messenger RNA, received a query from a Chinese company interested in using the new technology to make a vaccine against the coronavirus. mRNA, which effectively turns the body’s cells into tiny vaccine-making factories, has sin...

The Forgotten Shipping Pallet Stages a Pandemic-Era Rally Bloomberg 5 hrs ago (Bloomberg) -- After carrying the weight of the global economy since World War II with little fanfare, the lowly shipping pallet is finally commanding some respect. Demand for the platforms used to haul nearly every consumer good or industrial ingredient is soaring amid a surge in e-commerce, forcing retailers and manufacturers to expand warehouses or pile inventories higher. At the same time, two keys to productio...