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Hereâs what you need to know
Walgreens was targeted by anti-abortion activists. A group of people protesting pharmacy chainsâ ability to sell abortion pills forced their way into the retailerâs annual general meeting.
LVMH and H&M earnings stood at polar opposites of the fashion spectrum. One of the worldâs most valuable luxury groups withstood global headwinds better than one of the worldâs largest fast-fashion retailers.
FTXâs complete list of creditors was released. The 116-page bankruptcy filing includes Goldman Sachs, Apple, and the New York Times among thousands of other creditors.
Chipotle started a hiring spree for 15,000 staff. US restaurant employment is still down 4% compared to pre-pandemic levels, but fast-food chains like Chipotle and McDonaldâs oppose significant increases in hourly pay.
Hasbro is cutting 15% of its workforce. The layoffs follow what the toy giant described as a âchallengingâ holiday season.
Bankruptcy looms for Bed Bath & Beyond. The struggling retailer said it doesnât have the funds to pay back its loans after receiving a default notice from JPMorgan Chase.
Human activity and drought have damaged the Amazon more than previously thought. A new study indicates that more than a third of the rainforest has suffered degradation.
What to watch for
The World Health Organization (WHO) is reviewing the state of the pandemic after gathering its emergency committee for the 14th time since the covid outbreak began.
Discussion today (Jan. 27) will focus on whether the pandemic still warrants the definition of a public health emergency of international concern (PHEIC), the highest risk level. The decision, expected to be announced Monday (Jan. 30), is ultimately for WHO director-general Tedros Adhanom Ghebreyesus to make, though he has consistently followed the committeeâs advice.
Here are a few numbers that tell the story of the pandemic so far.
665 million: Covid cases recorded worldwide since January 2020
6.8 million: Covid deaths recorded worldwide since January 2020
11: Emergency Use Listings issued for covid vaccines
13 billion: Vaccine doses administered worldwide as of Jan. 24, 2023, to more than 5 billion people
Wait, what recession?
The US is definitely not in a recession. At least, not yet.
Preliminary numbers show the worldâs largest economy grew 2.9% year over year in the last quarter of 2022 (revised results will be out next month). At first glance, it looks like the US did what it wasnât expected to doâexpand in the face of inflation, higher interest rates, the ongoing war in Ukraine, and fears of an economic downturn.
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While some economists are referring to this stage of economic recovery from the pandemic as âgloriously, splendidly... boring,â the future of the US economy will largely depend on whether consumer spending can keep holding up like it has. And signs of economic growth cooling at the end of last year, falling retail sales, and more rate hikes ahead canât be ignored.
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Africa is getting less safe
According to the 2022 Ibrahim Index of African Governance, life has become more dangerous for Africans in the past 10 years.
Violence against civilians and armed conflict have especially impacted the security of countries like the Democratic Republic of Congo (DRC), Eritrea, Somalia, and South Sudan. Quartz Africa correspondent Faustine Ngila breaks down the report, and explains how bloodshed across Africa has also hampered progress towards improved quality of life and better governance.
Stay up-to-date with local developments, emerging industries, and the top stories in Africa with the Quartz Africa Weekly, delivered straight to your inbox each Sunday morning.
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Surprising discoveries
A collector came forward about the skeleton in his closet. The set of bones from his attic could date back to the Battle of Waterloo.
âYerbâ is still a ânopeâ for most Americans. Despite the fact that itâs caffeinated, soothing, and full of health benefits.
A dark nebula contains the chilliest ice ever found. Molecules measuring a balmy -440°F (-262°C) were found in molecular cloud Chameleon I.
Ketchup isnât the worst thing to schmear on your computerâs GPU. Itâs a better thermal paste than cheese or diaper rash cream.Â
A Swiss museum lost some 17th-century art at the cleaners. A pair of paintings may have been stolen since being sent out for restoration.
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