One third of small U.S. firms see sales drop amid surging Omicron cases
Xinhua
15 Jan 2022, 02:05 GMT+10
NEW YORK, Jan. 14 (Xinhua) -- Thirty-three percent of small firms in the United States have reported revenue decreases in the week ended Jan. 9 due to the surge of Omicron cases, the highest since February last year, Bloomberg reported Friday, citing the U.S. Census Small Business Pulse Survey.
Economists expect a sharp but short-lived decrease in economic activities due to the rapid spread of the Omicron variant, it said, noting that the number of sick days alone has limited the output of many industries.
A growing number of small U.S. businesses have shut locations, with the number of closures surging in Seattle, New York City and Washington, D.C., it said.
Subscribe and Follow
Get a daily dose of North Korea Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
News RELEASES
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to North Korea Times.
More Information
44
℉
Number of births in China lowest ever
BEIJING, China: On Monday, statistics showed Mainland China's birth rate has dropped to a record low of 7.52 births per ...
5G cellular could be 'catastrophic' in aviation: US airline officials
CHICAGO, Illinois: According to U.S. airline officials, the introduction of a new 5G service could cause U.S. air traffic to ...
As British face inflation, government freezes BBC subscription fee
LONDON, England: The British Broadcasting Corporation (BBC) faces a major financial setback following a recent announcement by the government to ...
US Supreme Court to rule on religious rights of football coach
WASHINGTON D.C.: The U.S. Supreme Court said it would hear an appeal from a former high school football coach who ...
US snow storm leaves thousands without power
CHARLOTTE, North Carolina: The eastern United States was hit by a severe winter storm on January 16, packing heavy snow, ...
Norwegian Caribbean cruise remains in St. Martin as cruise canceled
PHILIPSBURG, St. Martin: Norwegian Cruise Line canceled, mid-voyage, a ten-day Caribbean cruise on the Norwegian Gem due to COVID-19, leaving ...
Tesla looks to Mozambique to replace China for minerals
AUSTIN, TEXAS: In a first-of-its-kind deal aimed at reducing its dependence on China for graphite, Tesla is turning to Mozambique ...
U.S. stocks crumble again, dollar edges down
NEW YORK, New York - In the face of looming interest rate hikes, U.S. stock markets continued to shed weight ...
British Petroleum says EV charging to become profitable soon
LONDON, England: Oil giant British Petroleum (BP) has said that the use of its pulse electric vehicle chargers is "on ...
Amazon UK says it will accept Visa credit cards for purchases
LONDON, England: In a statement on January 17, Amazon UK said it has canceled plans to stop accepting Visa credit ...
Japanese stock markets records major falls
SYDNEY, NSW, Australia - Stocks in Asia were mixed on Wednesday. The biggest move was the Japanese market which saw ...
UK imports to Ireland fell, trade with N. Ireland up due to Brexit
DUBLIN, Ireland: Since Brexit went into effect in 2020, Ireland has witnessed a 20 percent decline in goods exported from ...
