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Coronavirus: What's happening in Canada and around the world on Monday – CBC.ca

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The latest:

Health officials in Quebec are moving five more municipalities into lockdown on Monday in a bid to slow the spread of COVID-19.

The provincial government said the curfew will move from 9:30 p.m. to 8 p.m. ET Monday evening in the regional municipalities of Beauce-Sartigan, Bellechasse, Les Etchemins, Nouvelle-Beauce and Robert-Cliche.

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Non-essential businesses will have to close starting Monday evening, as will restaurant dining rooms. Schools will also have to close for in-person learning. The measures will be in place until at least April 12, the province said.

The Quebec government imposed the same restrictions on three other cities last week, including Quebec City and Gatineau.

The announcement of the additional restrictions in Quebec came Sunday, as the province reported 1,154 new cases of COVID-19 and nine additional deaths. Hospitalizations stood at 502, the province said, with 128 COVID-19 patients reported to be in intensive care units.

The restrictions come as many provinces face mounting COVID-19 case numbers and increasing hospitalizations, prompting concern about strain on health-care systems.

Ontario is expected to provide two days’ worth of COVID-19 numbers later Monday. On Saturday, the last day health officials in Ontario posted updated COVID-19 statistics, the province reported more than 3,000 new cases and 16 additional deaths. As of Saturday, a provincial dashboard put the number of COVID-19 hospitalizations at 796, with 496 in ICU “due to COVID-related illness.”

(CBC)

-From The Canadian Press and CBC News, last updated at 7 a.m. ET


What’s happening across Canada

Quebec reported 1,154 new cases of COVID-19 on Sunday and nine additional deaths. (Graham Hughes/The Canadian Press)

As of early Monday morning, Canada had reported 1,003,994 confirmed cases of COVID-19, with 58,402 considered active. A CBC News tally of deaths stood at 23,062.

In Atlantic Canada, a hospital in northwestern New Brunswick is nearing its capacity for acute care patients, according to a statement released by the Vitalité Health Network over the weekend. 

“The evolution of the variant and its atypical behaviours are creating problems that exceed the pessimistic projections that had been made for that region,” the statement from the organization’s president and CEO Dr. France Desrosiers said. “The Edmundston Regional Hospital will soon reach its maximum capacity in terms of patients requiring acute care.”

Desrosiers, who praised the efforts of front-line workers and health-care staff, noted that the transfer of patients to other facilities “is imminent.”

New Brunswick reported 11 new cases of COVID-19 on Sunday, with nine of the cases coming from the Edmundston region. Hospitalizations in the province stood at 15, health officials reported, with seven people in intensive care.

Nova Scotia reported seven new cases of COVID-19 on Sunday, and there were no cases reported in either Prince Edward Island or Newfoundland and Labrador.

Across the North, there were no new cases reported in Nunavut, the Northwest Territories or Yukon on Sunday.

WATCH | Nunavut premier celebrates turning a COVID-19 corner:

Arviat once hosted Nunavut’s worst COVID-19 outbreak. But with almost one-third of the territory’s population fully immunized and travel restrictions easing, Premier Joe Savikataaq visited his hometown to share his appreciation with those who helped turn the corner. 2:17

In the Prairie provinces, Manitoba did not provide an update on COVID-19 on Sunday.

In Saskatchewan, health officials reported 221 new cases of COVID-19 and three additional deaths. Hospitalizations stood at 194, with 44 people in intensive care due to COVID-19, the highest figure recorded in the province.

In Alberta, a preliminary estimate of new case numbers reported Sunday stood at 950, the province’s top doctor said in a tweet. Dr. Deena Hinshaw said hospitalizations remained stable, noting that health officials would provide an update on Monday.

British Columbia will provide updated case numbers later Monday. Businesses putting staff and patrons at risk by remaining open in defiance of COVID-19 rules will face consequences, the province’s public safety minister said Sunday as the province works to bring surging infections under control.

The warning from Mike Farnworth comes after a Vancouver restaurant that flouted restrictions by serving patrons indoors was slapped with a closure notice on Saturday, which its owner has indicated she intends to ignore.

“Harassment of enforcement officials will not be tolerated, and closure orders by Vancouver Coastal Health or any other health authority must be respected,” Farnworth said in a statement.

-From CBC News and The Canadian Press, last updated at 7 a.m. ET


What’s happening around the world

Medical workers fill a box with Colomba traditional Easter cakes as they prepare to tour the COVID-19 ward of the GVM Maria Pia Hospital in Turin on Sunday. (Marco Bertorello/AFP/Getty Images)

As of early Monday morning, more than 131.3 million cases of COVID-19 had been reported worldwide, according to a tracking tool maintained by Johns Hopkins University. The global death toll stood at more than 2.8 million.

In the Americas, Johnson & Johnson is taking over “full responsibility” for a subcontractor’s Baltimore facility that produces the drug substance for its single-dose COVID-19 vaccine after an embarrassing mix-up. The company said it’s adding leaders in operations and quality control to the Emergent BioSolutions plant to supervise the work of its vaccine line.

It comes after enough drug substance for about 15 million doses was contaminated by human error at the plant. The issue was flagged to federal regulators, who have yet to approve any doses from the Baltimore plant, last week.

J&J has delivered about 20 million doses from another plant to the federal government already and says it expects to deliver about 80 million more by the end of May.

LISTEN | ‘I call it … one endless Wednesday’: More than one year in, pandemic burnout is real, author says:

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Today on Front Burner, Anne Helen Petersen explains the forces behind burnout and why more and more Canadians are struggling with it one year into a global pandemic that has altered the way many of us work and live. 21:48

In the Asia-Pacific region, the Philippine government extended a lockdown by another week Monday after an alarming spike in coronavirus infections continued to surge and started to overwhelm many hospitals in the capital and outlying regions.

President Rodrigo Duterte placed Metropolitan Manila and four outlying provinces, a region of more than 25 million people, under lockdown last week as daily infections breached 10,000. Roman Catholic leaders shifted Holy Week and Easter events online after all public gatherings, including in places of worship, were temporarily banned.

Bangladesh began enforcing a weeklong nationwide lockdown Monday, shutting shopping malls and transportation as authorities try to stop a surge in coronavirus infections and deaths.

The decision came after health authorities said that they were facing overwhelming pressure in intensive care units in recent weeks because of severe infections. This is the second time the South Asian nation has enforced a virus lockdown after the first last March.

India has reported its biggest single-day spike in confirmed coronavirus cases since the pandemic began, and officials in the hard-hit state home to Mumbai are returning to the closure of some businesses and places of worship in a bid to slow the spread.

A health worker administers the Covishield vaccine for COVID-19 at a residential area in Ahmedabad, India on Sunday. (Ajit Solanki/The Associated Press)

The Health Ministry on Monday reported 103,558 new COVID-19 infections in the last 24 hours, topping the previous peak of 97,894 daily cases recorded in late September. Fatalities rose by 478, raising the country’s death toll to 165,101.

India now has a seven-day rolling average of more than 73,000 cases per day and infections in the country are being reported faster than anywhere else in the world.

In the Middle East, Iran’s capital is once again facing the highest level of restrictions imposed to curb the spread of the coronavirus as the country struggles with a new surge in daily deaths. State media said the measure on Monday is the third time Tehran has faced a so-called code red since the pandemic began. A code red involves a ban on any travel by personal cars to and from cities, and limits working hours of many businesses and offices to prevent the spread of the virus.

About 50 cities and towns are in code red, with only 23 in code blue, or “safe” status, out of the country’s total of more than 800 cities and towns. The rest are in orange and yellow status, which involve less restrictions.

The report comes as Iran’s daily death toll again reached three digits, after months of being under 100. On Sunday, 161 deaths were reported, bringing the registered death toll in Iran to more than 63,000, the highest in the Middle East. Iran has reported some 1.9 million confirmed cases of the virus

Also on Monday, Iran said it received the first shipment of COVID-19 vaccines from the Netherlands through the global COVAX initiative. 

In Africa, South Africa’s health minister said Sunday that the number of confirmed cases in the country — the hardest-hit on the continent — stood at more than 1.5 million, with nearly 53,000 recorded deaths.

In Europe, Portugal on Sunday extended restrictions on travel via land and sea to Spain that had been due to end this weekend until April 15.

Bank of Italy Governor Ignazio Visco told the Financial Times newspaper that the biggest threat to a global economic recovery is the irregular pace at which countries are vaccinating their populations against COVID-19.

-From The Associated Press, Reuters and CBC News, last updated at 7:05 a.m. ET

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Dow Jones Rises But S&P, Nasdaq Fall; Nvidia, SMCI Flash Sell Signals As Bitcoin's Fourth Halving Arrives – Investor's Business Daily

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[unable to retrieve full-text content]

  1. Dow Jones Rises But S&P, Nasdaq Fall; Nvidia, SMCI Flash Sell Signals As Bitcoin’s Fourth Halving Arrives  Investor’s Business Daily
  2. Iran fires at apparent Israeli attack drones: Mideast tensions  The Associated Press
  3. S&P 500 extends losing streak to sixth day, Dow up 210 points  Yahoo Canada Finance
  4. Stock Market Today: Dow, S&P Live Updates for April 19  Bloomberg
  5. Stock market today: Wall Street limps toward its longest weekly losing streak since September  CityNews Kitchener

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Netflix stock sinks on disappointing revenue forecast, move to scrap membership metrics – Yahoo Canada Finance

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Netflix (NFLX) stock slid as much as 9.6% Friday after the company gave a second quarter revenue forecast that missed estimates and announced it would stop reporting quarterly subscriber metrics closely watched by Wall Street.

On Thursday, Netflix guided to second quarter revenue of $9.49 billion, a miss compared to consensus estimates of $9.51 billion.

The company said it will stop reporting quarterly membership numbers starting next year, along with average revenue per member, or ARM.

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“As we’ve evolved our pricing and plans from a single to multiple tiers with different price points depending on the country, each incremental paid membership has a very different business impact,” the company said.

Netflix reported first quarter earnings that beat across the board on Thursday, with another 9 million-plus subscribers added in the quarter.

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Subscriber additions of 9.3 million beat expectations of 4.8 million and followed the 13 million net additions the streamer added in the fourth quarter. The company added 1.7 million paying users in Q1 2023.

Revenue beat Bloomberg consensus estimates of $9.27 billion to hit $9.37 billion in the quarter, an increase of 14.8% compared to the same period last year as the streamer leaned on revenue initiatives like its crackdown on password-sharing and ad-supported tier, in addition to the recent price hikes on certain subscription plans.

Netflix’s stock has been on a tear in recent months, with shares currently trading near the high end of its 52-week range. Wall Street analysts had warned that high expectations heading into the print could serve as an inherent risk to the stock price.

Earnings per share (EPS) beat estimates in the quarter, with the company reporting EPS of $5.28, well above consensus expectations of $4.52 and nearly double the $2.88 EPS figure it reported in the year-ago period. Netflix guided to second quarter EPS of $4.68, ahead of consensus calls for $4.54.

Profitability metrics also came in strong, with operating margins sitting at 28.1% for the first quarter compared to 21% in the same period last year.

The company previously guided to full-year 2024 operating margins of 24% after the metric grew to 21% from 18% in 2023. Netflix expects margins to tick down slightly in Q2 to 26.6%.

Free cash flow came in at $2.14 billion in the quarter, above consensus calls of $1.9 billion.

Meanwhile, ARM ticked up 1% year over year — matching the fourth quarter results. Wall Street analysts expect ARM to pick up later this year as both the ad-tier impact and price hike effects take hold.

On the ads front, ad-tier memberships increased 65% quarter over quarter after rising nearly 70% sequentially in Q3 2023 and Q4 2023. The ads plan now accounts for over 40% of all Netflix sign-ups in the markets it’s offered in.

FILE PHOTO: Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File PhotoFILE PHOTO: Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File Photo

Netflix reported first quarter earnings after the bell on Thursday. REUTERS/Dado Ruvic/File Photo (REUTERS / Reuters)

Alexandra Canal is a Senior Reporter at Yahoo Finance. Follow her on X @allie_canal, LinkedIn, and email her at alexandra.canal@yahoofinance.com.

For the latest earnings reports and analysis, earnings whispers and expectations, and company earnings news, click here

Read the latest financial and business news from Yahoo Finance

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Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack – OilPrice.com

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Oil Prices Erase Gains as Iran Downplays Reports of Israeli Missile Attack | OilPrice.com



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Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

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  • Oil prices initially spiked on Friday due to unconfirmed reports of an Israeli missile strike on Iran.
  • Prices briefly reached above $90 per barrel before falling back as Iran denied the attack.
  • Iranian media reported activating their air defense systems, not an Israeli strike.

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Oil prices gave up nearly all of early Friday’s gains after an Iranian official told Reuters that there hadn’t been a missile attack against Iran.

Oil surged by as much as $3 per barrel in Asian trade early on Friday after a U.S. official told ABC News today that Israel launched missile strikes against Iran in the early morning hours today. After briefly spiking to above $90 per barrel early on Friday in Asian trade, Brent fell back to $87.10 per barrel in the morning in Europe.

The news was later confirmed by Iranian media, which said the country’s air defense system took down three drones over the city of Isfahan, according to Al Jazeera. Flights to three cities including Tehran and Isfahan were suspended, Iranian media also reported.

Israel’s retaliation for Iran’s missile strikes last week was seen by most as a guarantee of escalation of the Middle East conflict since Iran had warned Tel Aviv that if it retaliates, so will Tehran in its turn and that retaliation would be on a greater scale than the missile strikes from last week. These developments were naturally seen as strongly bullish for oil prices.

However, hours after unconfirmed reports of an Israeli attack first emerged, Reuters quoted an Iranian official as saying that there was no missile strike carried out against Iran. The explosions that were heard in the large Iranian city of Isfahan were the result of the activation of the air defense systems of Iran, the official told Reuters.

Overall, Iran appears to downplay the event, with most official comments and news reports not mentioning Israel, Reuters notes.

The International Atomic Energy Agency (IAEA) said that “there is no damage to Iran’s nuclear sites,” confirming Iranian reports on the matter.

The Isfahan province is home to Iran’s nuclear site for uranium enrichment.

“Brent briefly soared back above $90 before reversing lower after Iranian media downplayed a retaliatory strike by Israel,” Saxo Bank said in a Friday note.

The $5 a barrel trading range in oil prices over the past week has been driven by traders attempting to “quantify the level of risk premium needed to reflect heightened tensions but with no impact on supply,” the bank said, adding “Expect prices to bid ahead of the weekend.”

At the time of writing Brent was trading at $87.34 and WTI at $83.14.

By Tsvetana Paraskova for Oilprice.com

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