Financial News

WCC Board of Trustees Meeting
August 20, 2021
AP-NC Newswatch
August 20, 2021
Financial News

 

Financial:

 

World stocks falling…San Fran’s strict COVID rule

 

SINGAPORE (AP) – World stock markets are falling as worries surrounding the spread of the delta variant again take center stage. In early trading, France’s CAC 40 gave up 0.2%, while Germany’s DAX and Britain’s FTSE 100 lost 0.3%. In Asian markets, the Nikkei in Tokyo lost 1%, Seoul’s Kospi fell 1.2% and the Hang Seng in Hong Kong slipped 1.8%. The Shanghai Composite Index gave up 1.1%. Wall Street is set for early losses, with both S&P 500 and Dow Jones Industrial Average futures retreating 0.5%.

 

SAN FRANCISCO (AP) – Anyone who wants to eat, drink or exercise indoors in San Francisco must show they are fully vaccinated against COVID-19 when one of the nation’s most stringent restrictions on unvaccinated people takes effect today. The city’s mayor says the mandate is needed to stem the rise of COVID-19 cases. San Francisco’s rule goes beyond New York City’s, which requires only the first dose of a vaccine for indoor activities. Restaurant and bar owners say they plan to have extra staff at the front door to verify people’s proof of vaccination and make sure they match their identity cards.

 

LONDON (AP) – Shares in British supermarket chain Morrisons have spiked higher after New York-based private equity firm Clayton, Dubilier & Rice trumped a previous offer for the company with a 7 billion-pound ($9.5 billion) bid. Morrisons’ board has accepted the offer and said shareholders should vote in favor of the takeover at a meeting due in early October. That means the company has withdrawn its recommendation for investors to accept a previous 6.7 billion-pound takeover deal from a consortium led by rival private equity firm Fortress, which said it was considering its options.

 

BERLIN (AP) – A union representing many train drivers at Germany’s national railway operator is calling for members to strike again. The head of the GDL union says drivers of passenger trains will strike from 2 a.m. Monday to 2 a.m. Wednesday. Freight train drivers will start their strike Saturday afternoon. It’s the union’s second round of walkouts in a bitter pay dispute with railway operator Deutsche Bahn. A two-day strike last week brought large parts of Germany’s long-distance and commuter train systems to a near-standstill. The union’s demands include a 3.2% salary increase and a one-time “coronavirus bonus” of 600 euros, or $700.

 

UNDATED (AP) – Israel is making booster shots against COVID-19 available to people age 40 and older in an effort to fight a surge of the delta variant. Prime Minister Naftali Bennett got his third jab today. He pledges to share “all the data, all the information, all the insights” of the effort. Israel has been a leader in the fight against the deadly coronavirus and last month became the first country to offer a third shot. The U.S. has approved, but not yet made available, boosters for older Americans as well. About 1.3 million of Israel’s 9.3 million population have received a third dose so far.