Stocks and oil prices decline sharply amid growing concerns over the SARS-CoV-2 Omicron variant. 2021-11-26
Toyota reduces its production quota for next month by 40% due to the resurgence of COVID-19 in Asia severely impacting the company's supply chains, especially those involved in chip production. Up to this point, the company was one of the only major car manufacturers to avoid scaling back production during the pandemic. Volkswagen warns that it might also have to reduce its production quotas for similar reasons. 2021-08-19
California health officials say that stadiums, Disneyland, and other theme parks can reopen beginning on April 1 with limited capacity. 2021-03-5
The Brazilian GDP contracts 4.1% in 2020 amid disruptions caused by the COVID-19 pandemic. It is the country's third worst economic performance after 1981 (-4.25%) and 1990 (-4.35%). 2021-03-3
The World Tourism Organization reports that the global tourism sector lost $1.3 trillion in revenue in 2020, calling it "the worst year in tourism history". The organization attributes the loss to COVID-19. 2021-01-28
The Walt Disney Company announces that it plans to lay off 32,000 employees by the end of March 2021, as the pandemic continues to impact its theme parks and resorts. 2020-11-26
The Bank of Korea cuts its growth forecast and expects the country's GDP to shrink 1.3% this year. It would be South Korea's worst performance since the height of the Asian financial crisis in 1998. 2020-08-27
China resumes construction of its infrastructure to help ease the economic impact of COVID-19. 2020-03-21
The Geneva Motor Show is cancelled due to the Swiss ban on gatherings larger than 1000 people. 2020-02-28