JOHANNESBURG — President Donald Trump has tested positive for the coronavirus, joining a small group of world leaders who have been infected. Trump is 74, putting him at higher risk of serious complications. Here’s a look at other leaders who have had the virus. Some are sending Trump their wishes for a speedy recovery.
BORIS JOHNSON
The British prime minister was the first major world leader confirmed to have COVID-19, after facing criticism for downplaying the pandemic. He was moved to intensive care in April after his symptoms dramatically worsened a day after he was hospitalized for what were called routine tests. He was given oxygen but did not need a ventilator, officials said. He later expressed his gratitude to National Health Service staff for saving his life when his treatment could have “gone either way.” Prince Charles, the heir to the British throne, also tested positive in March and showed mild symptoms.
JAIR BOLSONARO
The Brazilian president announced his illness in July and used it to publicly extol hydroxychloroquine, the unproven malaria drug that he’d been promoting as a treatment for COVID-19 and was taking himself. For months he had flirted with the virus, calling it a “little flu,” as he flouted social distancing at lively demonstrations and encouraged crowds during outings from the presidential residence, often without a mask.
JUAN ORLANDO HERNANDEZ
The Honduras president announced in June that he had tested positive, along with two other people who worked closely with him. Hernandez said he had started what he called the “MAIZ treatment,” an experimental and unproven combination of microdacyn, azithromycin, ivermectin and zinc. He was briefly hospitalized and released. He has added his voice to growing pleas for equitable access to any COVID-19 vaccine, asking the recent U.N. gathering of world leaders, “Are people to be left to die?”
ALEXANDER LUKASHENKO
The president of Belarus, who dismissed concerns about the virus as “psychosis” and recommended drinking vodka to stay healthy, said in July he had contracted it himself but was asymptomatic. Belarus is one of the few countries that took no comprehensive measures against the virus. Other top officials in former Soviet states who were infected include Armenian Prime Minister Nikol Pashinyan and Russian Prime Minister Mikhail Mishustin.
PRINCE ALBERT II OF MONACO
The palace of Monaco in March said the ruler of the tiny Mediterranean principality tested positive but his health was not worrying. He was the first head of state who publicly said he was infected.
ALEJANDRO GIAMMATTEI
The Guatemalan president said he tested positive for the virus in September. “My symptoms are very mild. Up to now, I have body aches, it hurt more yesterday than today, like a bad cold,” he said during a televised address. “I don’t have a fever, I have a bit of a cough.” He said he’d be working from home.
JEANINE ANEZ
The virus drove the Bolivian interim president into isolation in July, but she said she was feeling well.
LUIS ABINADER
The newly elected president of the Dominican Republic contracted and recovered from COVID-19 during his campaign. He spent weeks in isolation before the country’s July election.
IRAN
Iran, the epicenter of the Mideast’s initial coronavirus outbreak, has seen several top officials test positive. Among them are senior Vice-President Eshaq Jahangiri and Vice-President Massoumeh Ebtekar. Cabinet members have tested positive, too.
INDIA
Vice-President M. Venkaiah Naidu, 71, recently tested positive but his office said he had no symptoms and was quarantined at home. Home Minister Amit Shah, the No. 2 man in Prime Minister Narendra Modi’s government, was hospitalized for COVID-19 last month and has recovered. Junior Railways Minister Suresh Angadi last week was the first federal minister to die from COVID-19.
ISRAEL
Israel’s then-Health Minister Yaakov Litzman tested positive in April and recovered. Litzman is a leader in Israel’s ultra-Orthodox community, which has seen a high rate of infection as many have defied restrictions on religious gatherings. The minister for Jerusalem affairs, Rafi Peretz, tested positive over the summer as cases surged nationwide and recovered.
SOUTH AFRICA
The country’s defence minister, Nosiviwe Mapisa-Nqakula, mineral resources and energy minister, Gwede Mantashe, and labour minister, Thulas Nxesi, were infected as cases surged in June and July.
SOUTH SUDAN
Vice-President Riek Machar was among several Cabinet ministers infected.
GAMBIA
Vice-President Isatou Touray tested positive in July along with the ministers of finance, energy and agriculture.
GUINEA-BISSAU
Prime Minister Nuno Gomes Nabiam in April said he tested positive.
TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.
Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.
Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).
SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.
The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.
WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.
SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.
SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.
SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.
The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.
Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.
“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.
“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”
Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.
On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.
If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.
These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.
If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.
However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.
He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.
“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.
Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.
The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.
Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.
Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.
Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.
Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.
Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”
In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.
“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.
This report by The Canadian Press was first published Nov. 12, 2024.
TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.
The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.
The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.
RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.
The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.
RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.
This report by The Canadian Press was first published Nov. 12, 2024.
