Drugmaker Lonza Group (LONN.S), under pressure to find workers to help speed production of Moderna Inc's (MRNA.O) COVID-19 vaccine, is recruiting temporary employees from food giant Nestle (NESN.S) to staff Swiss plants making ingredients for the shot, state broadcaster RTS said on Tuesday, citing sources.
BusinessFiscal stimulus powers U.S. economic growth in first quarter
Lucia Mutikani
5 minute read
U.S. economic growth accelerated in the first quarter as the government gave money to mostly lower-income households, fueling consumer spending and setting the course for what is expected to be the strongest performance this year in nearly four decades.
The government largesse also extended to businesses, especially in the high-contact services industry. The massive fiscal stimulus and easing anxiety over COVID-19, with all adult Americans now eligible for vaccination against the virus, have resulted in a faster economic rebound in the United States compared to its global rivals.
BusinessNext up for Fed s Powell and the taper test: string theory
Ann Saphir
4 minutes read
Federal Reserve Chair Jerome Powell testifies before the Senate Banking Committee on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERS
The list of what will get Federal Reserve Chair Jerome Powell to start thinking about cutting back on the central bank s support for the U.S. economy is a short one: jobs, jobs and more jobs.
That was perhaps the sharpest message from the Fed s two-day policy-setting meeting that wrapped up Wednesday, at which it left interest rates on hold and repeated a pledge to continue buying bonds at its current pace until it sees substantial further progress toward its twin goals of full employment and 2% inflation.
Accor Hotels says managed isolation operations preserving jobs not making big profits
29 Apr, 2021 05:40 AM
6 minutes to read The Pullman Hotel in Auckland is part of the Accor group and is in the MIQ scheme. Photo / Michael Craig The Pullman Hotel in Auckland is part of the Accor group and is in the MIQ scheme. Photo / Michael Craig
Aviation, tourism and energy writer for the NZ Heraldgrant.bradley@nzherald.co.nz@gbradleynz Accor Hotels regional boss says being part of the managed isolation facilities (MIF) and quarantine programme has allowed the company to keep people in work and it is on track to emerge strongly from