Illinois reported its second-biggest one-day jump in coronavirus infections on Wednesday. A further 6,110 people tested positive over 24 hours, up from 4,000 on Tuesday.

French President Emmanuel Macron has announced a one-month nationwide lockdown to try to curb a rapid rise in infections that threatens to overwhelm intensive care units.

The county of Nottinghamshire is set to enter England’s toughest “tier 3” restrictions at midnight on Thursday night as infection rates continued to rise.

California reported a daily rise in coronavirus cases and fatalities above recent averages on Wednesday. A further 4,515 people tested positive over 24 hours, up from 3,188 on Tuesday.

Florida is closing in on the 800,000 confirmed-case mark after reporting more than 4,000 new cases on Wednesday.

New York became the fourth US state to confirm 500,000 infections, with a tick-up in cases over the past month helping accelerate its path toward the half-million threshold.

Mexico’s state oil company Pemex made it back into the black in the third quarter. With production nudging 1.7m barrels per day in September, it was on the road to increased output after 14 years of declines.

Germany’s federal and state governments agreed on Wednesday to shut down parts of the economy and toughen restrictions on social contact, in a bid to stem a record rise in infection rates.

Italy reported a daily record increase of 24,991 cases in a rapidly spreading second wave.

Switzerland’s government agreed to limited new restrictions to public life on Wednesday – including mask-wearing outdoors – but ruled out harsher restrictions, including a lockdown.

Oil prices came under pressure after reports showed US inventories last week grew by a greater level than expected, adding to fears over demand. Crude stocks rose by 4.3m barrels in the week to October 23.

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Canada’s central bank has lowered its predictions for economic growth next year. The Bank of Canada projected real gross domestic product to expand 4.2 per cent, from the 5.1 per cent it modelled in July.

Spending on Mastercard’s payments network returned to growth in the third quarter, signalling a tentative recovery from the worst of the Covid-19 crisis. Spending volume rose 1 per cent from the year before after falling 10 per cent in the second quarter.

GlaxoSmithKline said overall vaccinations have returned to pre-pandemic levels, after warning this summer that a prolonged slump in uptake could hit earnings.

Boeing is planning additional lay-offs and voluntary departures to shrink its workforce nearly 19 per cent by the end of next year.

Brussels has unveiled plans to improve EU-wide coronavirus testing and tracing as part of a package of measures triggered by alarm at the pandemic’s resurgence in Europe.

United Parcel Service’s quarterly profit increased nearly 12 per cent during a surge in home deliveries, as more consumers shopped online during the coronavirus pandemic.

Via Financial Times