consumers are shopping. and paychecks are fatter. let s connect the dots. first manufacturing. industrial output is racing ahead at a nearly two-year high, back above prepandemic levels. factory output would be even stronger if not for supply chain hiccoughs. corporate profits enviable. the biggest publicly traded companies have fatter margins today than before the pandemic. big companies are managing well through supply chain woes passing costs onto their consumers. the dow was up 17% this year. that is a remarkable performance. the nasdaq 23.5%. the s&p 500 up nearly 25% since the market crashed in 2020. stock averages have doubled in some cases. still, a big challenge for companies, the great worker resignation. workers have the upper hand. they are quitting their jobs in record numbers for better jobs and better pay. a record 4.4 million last month jumping ship for a better job, and this has been months of that trend. after decades of sluggish wage growth, paychecks are g
against alex salmond say the first minister misled them while giving evidence this month. sharp words exchanged at the first high level meeting between america s new presidential administration and china. and coming up this hour. as part of our young reporter series, we hearfrom an apprentice footballer about the pressures of trying to make it as a professional. hello and welcome if you re watching in the uk or around the world. germany s health minister has warned there is not enough coronavirus vaccine to stop a third wave in europe. germany is facing further restrictions because the number of cases are rising rapidly. some eu countries including germany will resume the roll out of the astrazeneca jab today, following a pause over safety concerns. the european medicines agency reviewed the jab and found that it was not associated with a higher risk of blood clots. france, germany and italy, along with cyprus, latvia and lithuania, are to restart use of the jab today w
WHO data released late on Wednesday showed that cases in the European Union (EU) reached 1.5 million last week, up 8% from the prior week, despite a dramatic fall in testing. Globally, case numbers continue to decline.
Covid curbs in several European countries were lowered too aggressively, thereby causing a rise in cases likely due to the more transmissible BA2 variant, the World Health Organization (WHO) said Tuesday.
As a result of a "perfect storm" of government restrictions being lifted, waning immunity, and the more contagious BA.2 Omicron subvariant, COVID-19 cases have surged.