The U.S. recession stemming from the coronavirus pandemic lasted two months, becoming the the shortest fall of the record. The National Bureau of Economic Research, which is considered the official judge of when and how long there will be recessions, said Monday that the economy will hit rock bottom in April 2020.
Andrew Lloyd Webber has canceled the opening of his new West End musical Cinderella to the full public, blaming the “blunt instrument” of the government’s self-isolation rules. The performance on Monday evening of the show, the day all distance restrictions were lifted in England, was canceled after the cast member was positive.
Florida Rep. Vern Buchanan has announced that he has tested positive for Covid-19, despite his complete vaccination. The diagnosis comes in the context of growing coronavirus infections in Florida, which counted one in five new cases reported in the United States over the past week.
This week Iran will stop two of its own most important provinces, including its capital, as authorities intensify travel restrictions in most parts of the country. The six-day arrest on Tuesday focuses on Tehran and its neighbor Alborz and will close banks and state institutions, in addition to travel bans in most Iranian provinces.
Movie owners in the United States have taken to Disney for making Marvel’s Black Widow available simultaneously on the silver screen and its streaming platform. The National Association of Theater Owners attributed the “amazing second collapse of the weekend in theatrical revenues ”to Disney’s decision to air the film.
The leaders of medium-sized American companies have he turned abruptly optimistic about the prospects for the U.S. economy and its own businesses, according to a JPMorgan Chase survey that also casts doubt on forecasts of a breakthrough in the office property market. Confidence in business is at its highest level in a decade.
Stonegate, the UK’s largest pub group, is suing for a cause for sudden losses during the pandemic, in a bitter dispute between the hospitality industry and insurance. The company, backed by private equity group TDR Capital, is seeking £ 845 million from MS Amlin, Liberty Mutual Insurance Europe and Zurich.
On Monday Taiwan approved its first domestic Covid-19 vaccine, stepping up the country’s efforts to inoculate its population of 23.6m. A committee of health officials and scientists agreed emergency use authorization to MVC-COV1901, a vaccine developed by Medigen, a Taiwanese pharmaceutical company.