[ad_1] CNN — A new Covid-19 variant, XBB.1.5, is spreading rapidly throughout the United States. In December 2022, the proportion of new Covid-19 infections due to this Omicron offshoot have increased from 4% to 18%, according to a January 6 release from the US Centers for Disease Control and Prevention, …
Read More »China: Satellite images capture crowding at crematoriums and funeral homes as Covid surge continues
[ad_1] CNN — Satellite images taken over a number of Chinese cities have captured crowding at crematoriums and funeral homes, as the country continues its battle with an unprecedented wave of Covid-19 infections following its dismantling of severe pandemic restrictions. The images – taken by Maxar in late December and …
Read More »Post-zero-Covid: What the return of Chinese tourists means for the global economy
[ad_1] Hong Kong CNN — In the years before Covid, China was the world’s most important source of international travelers. Its 155 million tourists spent more than a quarter of a trillion dollars beyond its borders in 2019. That largesse fell precipitously over the past three years as the country …
Read More »Sales of Manhattan apartments nosedived at the end of 2022
[ad_1] Washington, DC CNN — It is almost as if the wild turns in the Manhattan real estate market during the pandemic didn’t happen. Almost. The frenzy to buy apartments in Manhattan took off in 2021 as the city bounced back from the worst of the pandemic. But it nosedived …
Read More »Major Chinese cities past Covid peak as wave moves to rural areas, new study projects
[ad_1] Beijing CNN — The wave of Covid infections sweeping across China may already have peaked in some of the country’s largest cities, including Shanghai and Beijing, according to a new study. The study, published on December 29 in the peer-reviewed journal Frontiers of Medicine, said mathematical modeling predicted the …
Read More »Xi Jinping estimates China’s 2022 GDP grew at least 4.4%. But Covid misery looms
[ad_1] Hong Kong CNN — China’s economy grew at least 4.4% in 2022, according to leader Xi Jinping, a figure much stronger than many economists had expected. But the current Covid wave may hobble growth in the months ahead. China’s annual GDP is expected to have exceeded 120 trillion yuan …
Read More »Opinion: A New Year’s resolution we all need to embrace
[ad_1] Editor’s Note: Sophia A. Nelson is a journalist and author of the book “Be the One You Need: 21 Life Lessons I Learned Taking Care of Everyone but Me.” The views expressed in this commentary are her own. View more opinion on CNN. CNN — It’s the start of …
Read More »Consumers kept the economy hot in 2022. Now they’re losing steam
[ad_1] Minneapolis CNN — For a year that held promise of a return to normalcy, 2022 threw plenty of curve balls at the American consumer. Supply chains remained in disarray as ongoing snarls were drastically worsened by lockdowns in China and Russia’s invasion of Ukraine, average US gas prices shot …
Read More »Analysis: Southwest got billions of dollars in taxpayer aid. Why is its service still a mess?
[ad_1] Minneapolis CNN — When the coronavirus pandemic ground the transportation industry to a screeching halt in early 2020, the US government doled out more than $54 billion in aid to help pay employees and keep the systems from buckling. Southwest Airlines received more than $7 billion from that program. …
Read More »Why egg prices are still going up
[ad_1] New York CNN Business — Several grocery items have gotten more expensive this year. But nothing comes close to the rise in egg prices. In the year through November, not adjusted for seasonal swings, egg prices jumped 49%, according to data from the Bureau of Labor Statistics. Since early …
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