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US stocks It increased on the first day of the third quarter when bullish investors cheered on the economic data and news of a possible coronavirus vaccine. The S&P 500 Index rose 0.5 percent in New York on Wednesday after the ADP employment report showed that US private payrolls increased by 2.37 million in June after a sharp upward revision from the previous month’s data and a manufacturing indicator recovered to its highest level in 14 months.
Governor of California Gavin Newsom ordered the closure of businesses with internal operations and bars in some of the state’s most populous and hardest hit counties, continuing with the partial reversal of his reopening plans. The new measures apply to restaurants, wineries, tasting rooms, movie theaters, zoos, museums, and casinos in 19 of California’s 58 counties.
Apple is closing for the second time 30 more of its US Retail Stores As new cases of coronavirus emerge across the United States, indicating that large parts of the country are unprepared for the economy to revive safely. The announced closings bring the total number of second closings to 77, representing nearly 30 percent of Apple’s 271 locations in the country.
Citigroup It has abandoned plans to return hundreds of workers to bank offices in 13 western and southern states in the United States that have seen a large number of coronavirus cases.
California became the last coronavirus hot spot report a record increase in cases, with nearly 10,000 people testing positive in the last day. The state health department reported another 9,740 cases since Tuesday, bringing the total number of positive cases to nearly 233,000. A little over 87,000 tests were conducted during the period, a drop on consecutive days of more than 105,000.
Of the world tourism industry It is on track to lose at least $ 1.2 trillion, or 1.5 percent of global economic output, from four months of inactivity on travel due to the pandemic. The UN trade and development agency warned that the loss could increase by $ 1 trillion more if the interruption of international tourism extends for another four months and a total of $ 3.3 trillion if travel abroad is restricted until next March. year.
A coronavirus vaccine from BioNTech in Germany has yielded positive test results, generating immune defenses in participants who were stronger than the average patient recovered from Covid-19, based on preliminary data. In a clinical study with the Pfizer pharmaceutical group in the US, 24 people between the ages of 18 and 55 who received two doses of the vaccine had “significantly elevated” antibodies within four weeks of their first injection.
English football club Wigan Athletic it has collapsed into administration in a move that will heighten fears about the survival of some of its rivals while stadiums are closed to fans. Begbies Traynor administrators said Wigan, who plays in the second-tier Championship and won the FA Cup in 2013, would meet his requirements while looking for a buyer.
Volkswagen will cancel plans to build a automobile plant in Turkey Due to the severe slowdown in the global car market, the German automaker confirmed on Wednesday. The proposed factory near Izmir was suspended after members of VW’s supervisory board voiced concern over the construction of a base in Turkey after its foray into Syria last year.
Sir Richard Branson’s Virgin Group has committed £ 200 million of immediate funding to Virgin Atlantic as the landed airline runs to secure a £ 1 billion rescue package earlier this month. The pledge will help bolster the struggling airline’s cash reserves in the coming months in the face of a slow recovery in international air travel, which has been decimated by the coronavirus pandemic.
