The modest expansion in the fourth quarter of 2022 was driven by a recovery in private consumption, as well as spending by visitors.
Category: Coronavirus (2019-nCoV)
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Packed With Tourists, Japan Returns to Economic Growth
The New York Times – Business: -
Happiness or Success? Salesforce’s Marc Benioff Doesn’t Want to Choose.
The New York Times – Business:The chief executive, under pressure from activist investors, seeks to do well and do good — but his options are narrowing.
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Bernie Sanders Has a New Role. It Could Be His Final Act in Washington.
The New York Times – Business:After two unsuccessful runs for the presidency, the Vermont senator now leads the Senate health committee, a job that gives him sweeping jurisdiction over issues he cares about.
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Kizzmekia Corbett Unlocked the Science of the Covid Vaccine
The New York Times – Fashion & Style:Kizzmekia Corbett helped lead a team of scientists contributing to one of the most stunning achievements in the history of immunizations: a highly effective, easily manufactured vaccine against Covid-19.
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Zoom to Lay Off 1,300 Workers, Joining Other Tech Giants
The New York Times – Business:The company is cutting 15 percent of its work force, or about 1,300 jobs, citing “the uncertainty of the global economy.”
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Staring Down Bankruptcy, Bed Bath & Beyond Says It Will Sell Stock
The New York Times – Business:The struggling home goods retailer said it hoped the move would help it raise more than $1 billion and pay off its debts.
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Flowers, Fresh Fish and Movies: China Is Spending Again, Cautiously
The New York Times – Business:The outlook for the world’s second largest economy is brighter as consumer spending picked up after “zero Covid” was lifted. But scars remain from the harsh pandemic restrictions.
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Hong Kong To Give Away 500,000 Plane Tickets to Lure Tourists
The New York Times – Travel:The city’s reputation has been hammered by protests, a harsh security law and strict Covid measures. It hopes a giveaway of 500,000 plane tickets woos back tourists.
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Egg Shortages Are Driving Demand for Raise-at-Home Chickens
The New York Times – Business:People are snapping up chickens that are “heavy layers” in response to egg inflation. The chick situation holds lessons about the broader economy.
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Covid Vaccine Makers Kept Prepayments for Canceled Shots for Poor Nations
The New York Times – Business:Separately, Johnson & Johnson is demanding additional payment for unwanted shots, confidential documents show.
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Falling Used-Car Demand Puts Pressure on Carvana and Other Dealers
The New York Times – Business:Dealerships are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies like Carvana that grew fast in recent years.
