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Stock markets in Asia suffered on Tuesday from the fallout from UK and US investors worried about a rise in coronavirus cases.
The biggest falls in the region were recorded in Australia, where shares hit a three-month low.
Investors have also been rattled by dimming hopes for more financial support for the US economy.
Stock markets fell across South Korea, Hong Kong and China, while Japan was closed for a public holiday.
On Monday, UK and US stock markets suffer…
Covid-hit UK hotels unlikely to recover for four years, says PwC – The Guardian
Even with effective vaccine, hospitality sector will struggle to return to 2019 levels
The UK hotel industry could take four years to return to 2019 levels of business, even if an effective vaccine helps the sector to recover from the deep financial hit caused by Covid 19.
The daily revenue per hotel room a key indicator for the sector is not expected to revive to 2019 levels until 2024 in London, and 2023 across the rest of the UK, according to forecasts published on Tuesday by the accounting firm PricewaterhouseCoopers (PwC).
Renewed lockdowns, the decline in foreign tourist numbers…
Hospitalisation of Covid patients surges across US – Financial Times
Rural areas at greatest risk as intensive care beds fill up just days before election
Hospitalisations of Covid-19 patients are surging across the US, leading to a shortage of medical staff and threatening to force state governors to make difficult decisions about rationing access to intensive care.
New field hospitals were being opened from the Wisconsin state fair grounds to the El Paso Convention Center in Texas, as US Covid-19 cases surged to an all-time high a week before the presidential election.
About 41,776 Covid-19 patients were in hospital, according to the Covid Tracking…
AIG to separate its life insurance arm – Financial Times
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