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Nike’s corporate playbook to cope with virus worldwide

Bloomberg Nike Inc doesn’t have a cure for coronavirus, but the company does have a plan for coping with the pandemic globally. After delivering better-than-expected quarterly results, the sportswear giant’s top executives discussed their experiences dealing with the virus in China — Nike’s top growth market and the place where the Covid-19 outbreak began. They expect the disruption and recovery ...

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Vietnam PM orders cut in flights from Hanoi

Bloomberg Prime Minister Nguyen Xuan Phuc ordered the transport ministry to cut the number of flights from Hanoi and Ho Chi Minh City to other Vietnamese cities from March 28 as the government moves to slow the novel coronavirus outbreak across the country, according to a post on government’s website. This suspension of flights could last a week or longer, ...

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One institution in US is working: The Fed

As the coronavirus crisis has rocked the world, America has been a sluggish and unreliable global leader except in one critical area — the Federal Reserve’s prompt moves to pump cash into traumatised international financial markets. Federal Reserve Chairman Jerome H Powell has been innovative in creating new monetary tools that can keep money and confidence flowing. The system was ...

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