New variants of COVID-19 sweeping the world aren't just throwing a wrench in government vaccination plans and efforts to stay ahead of the pandemic. They're also complicating the economic recovery, as leaders acknowledge they can't commit to easing restrictions later this year without a clearer picture of where infections are headed.
"I'm afraid I can't give you a definitive will there or will there not be the opportunity to take holidays this next year, either at home or abroad," he told British broadcaster Sky News on Wednesday. The European Commission said Thursday that GDP growth in the 19 countries that use the euro would be 3.8% in 2021, a slower pace of growth than the 4.2% expansion it forecast in November.
The latest: Dating app Bumble, one of the year's most-watched IPOs, priced its stock at $43 on Wednesday, raising $2.2 billion. It had predicted that shares would price between $37 and $39 earlier this week, already an upgrade from its initial proposed range.Bill Smith, the CEO of Renaissance Capital, told clients that staying on top of the IPO market has been"next to impossible" given the volume of offerings.
Bumble's pricing announcement is a sign that companies can still fundraise effectively by taking the traditional route to public markets. Its challenge now will be proving it can compete with behemoth Match Group, which owns competing apps such as Tinder, Hinge, Match and OKCupid. While its core rides business has struggled during the pandemic, Uber has increasingly leaned on Eats, its food delivery service, which saw revenue increase 224% to $1.4 billion in the fourth quarter compared to the year prior. Rides revenue was $1.5 billion, down 52% from a year earlier.
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