As new cases of the coronavirus continue to soar nationally, especially in a number of hot-spot states, including Texas, California and Florida, state and local officials are reconsidering reopening plans.
Here are some of the biggest developments on Tuesday:
- Immunity might wane after just two months, U.K. study finds
- Virus pushes Delta, Wells Fargo to rare quarterly losses
- New York governor adds four states to travel advisory
- U.S. seven-day average of new coronavirus cases surpass 60,000 for the first time
- Moderna vaccine produced 'robust' immune response in all patients, company says
The following data was compiled by Johns Hopkins University:
- Global cases: More than 13.1 million
- Global deaths: At least 574,600
- U.S. cases: More than 3.3 million
- U.S. deaths: At least 135,900
AirAsia's Chief Executive Tony Fernandes said he's confident his airline — one of the top budget carriers in Asia — can return to profitability in 2021.
His comment came as airlines globally are struggling financially after the coronavirus pandemic caused a plunge in air travel demand. AirAsia is not exempt from the crisis and the airline is also raising funds for its survival, said the CEO.
But the aviation industry in Asia can recover in a "much more sustainable" way as authorities have become "much, much smarter" in handling further Covid-19 outbreaks, according to Fernandes.
"I think that's giving me a lot of confidence in some of my bullish statements," he added. — Yen Nee Lee
Elevated food prices are just one of many new challenges China needs to face in the wake of the coronavirus outbreak.
Historic floods in the southern part of the country and the temporary re-emergence of the coronavirus in a major produce market in Beijing are adding upward pressure to prices of food, which rose 11.1% in June from a year ago.
Authorities are closely monitoring this key aspect of the cost of living – and the floods – for their implications on social stability. From a business perspective, the rising food costs are just another factor that the already struggling restaurant industry need to consider as they look for innovative growth opportunities in an era of social distancing. — Evelyn Cheng