Covid-19 Daily News Updates – Download October 28, 2020
Covid-19 Daily News Updates brought to you by Skyline Entourage to support businesses during the Covid-19 pandemic. We know as business owners and marketers that working from home cam be hectic. This is meant to serve as another resource you can rely on from our team to help support you.
For your convenience we’ve prepared a downloadable PDF of Covid-19 Daily News Updates and headlines. You can download your copy that you can share with your team here. Click Here to Download a PDF version.
- The Bank of Canada made a long term commitment to keep interest rates at historic lows and will use the policy decision Wednesday to reinforce that statement. This means holding overnight rate at 0.25%, reiterating it will likely keep it for years and pledge to buy more government bonds.
- Tim Hortons is struggling to claw its way back to pre-pandemic sales levels, blaming another tough quarter on the disappearance of morning commuters. The coffee chain had regained ground after a massive sales decline in March, but that recovery seems to have stalled.
- Public health officials are alarmed by the new trend of refusal to get tested for COVID-19 on fears of being quarantined and missing work. The trend seems to be most prevalent in Park Extension and other Montreal neighborhoods.
- Bombardier will ultimately make less money by selling its aircraft parts manufacturing business to Spirit AeroSystems, but the company believes the terms of the amended deal will allow it to recover what was left on the table.
- Boeing is reporting its third quarterly loss as the pandemic and the grounding of 737 Max aircraft hurt sales, all while reaffirming expectations that U.S. deliveries of the jet will resume before year-end. Boeing lost $1.39 per share in third quarter and revenue fell 29% to $14.14 billion.
- U.S. government to pay Eli Lilly $375 million to supply 300,000 doses of its experimental antibody drug for COVID-19. The deal is for delivery over two months following emergency use authorization from the FDA. The deal also allows the U.S. to purchase 650,000 more doses through June 30.
- As COVID cases across Europe rose almost 40% in a week, Germany and France prepare to announce restrictions approaching levels of last spring’s blanket lockdowns. However, the economic cost appears to be heavy wiping out fragile recovery and can lead to double-dip recession.
- Red tape likely to come back post-BREXIT. For decades, UK’s membership of EU’s single market and customs union has meant trade with the Continent has been a case of “load and go”. Sharp end is in the software systems for freight now required by hauliers, which may not be ready.
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