Whenever we’re ready to re-open Covid-closed businesses, we’ll have to resolve some important questions about how to do so safely. One of them: what kind of measures should businesses take to keep employees and customers safe, and how should business owners be held accountable if they play fast and loose with others’ health? This debate over limiting liability has just ...
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China is more than just a land grab in Africa
China has plenty to gain from lending a hand to its friends battling the coronavirus in Africa. Contrary to some perceptions, that won’t mean opportunistic grabs in oil, copper or arable land. The biggest prize for Beijing is political capital. Sub-Saharan Africa faces its first recession in 25 years, and the continent as a whole is also grappling with the ...
Read More »And, Boeing is grounded in more ways than one
The coronavirus-fuelled collapse in air travel has made it highly unlikely that airlines will be adding new jets to their fleets anytime soon. But when the world’s carriers are ready to take deliveries of airplanes and place new orders again, the odds are increasing that those planes will be made by Airbus rather than Boeing. There are no coronavirus winners ...
Read More »Italy is leaving its people in the dark
Italy’s government has congratulated itself for showing the rest of the Western world how to enforce a lockdown in a democratic society. Nearly two months after that draconian decision, politicians are still keeping their citizens in the dark over the thinking behind their actions. Prime Minister Giuseppe Conte announced that he would lift a number of measures that have restricted ...
Read More »Don’t blame Amazon for cleaning up in lockdown
Amazon.com Inc has come under pressure in a locked-down Europe for doing what it does best: selling consumers everything they need. An appeals court in France said the US online retailing giant must limit its range to essential items: food, health products and computer equipment. In Germany, competition authorities are monitoring the company after complaints from retailers. It has endured ...
Read More »Stocks, US futures edge up
Bloomberg European and Asian stocks edged higher with US equity futures on Tuesday as the earnings season gathered pace and governments contemplated reopening their economies. Crude oil extended sharp losses after plunging on Monday. The Stoxx Europe 600 Index nudged higher at the open. Banking giant HSBC Holdings Plc slipped after it cautioned that bad loan charges may climb to ...
Read More »Australian stocks could return to March rout levels
Bloomberg Australian shares may revisit the seven-year low reached last month as oil volatility and worries over the financial impact of the coronavirus dampened a recent rally. The S&P/ASX 200 index has reclaimed about 17% from the trough on March 23, having faltered last week after entering a technical bull market earlier this month. With the Reserve Bank of Australia ...
Read More »JPMorgan to unlock trillions of liquidity with tech partnership
Bloomberg JPMorgan Chase & Co. is looking to help blue-chip companies untether trillions of dollars locked up in corporate supply chains globally through a new technology partnership. The bank is working with Taulia Inc., a platform that provides working capital solutions, to redistribute liquidity to smaller suppliers of large, investment-grade companies. The multinational firms will have the option to pay ...
Read More »BofA’s CEO says getting small business loans shouldn’t be a race
Bloomberg Bank of America Corp. (BofA) Chief Executive Officer Brian Moynihan said the US government’s small business loan program should be fully funded, rather than having companies scramble for the cash required to get through the economic hit from coronavirus. “If you qualify for this program it’s like getting unemployment authorization and then you have to win a foot race ...
Read More »StanChart troubled loans top $600mn on corporate woes
Bloomberg Problem loans at some of Standard Chartered Plc’s large clients may top $600 million as a string of corporate scandals coincides with woes at firms hit by the coronavirus pandemic. NMC Health Plc, the hospital operator that’s uncovered evidence of fraud, and Hin Leong Trading, the Singaporean trading house being investigated by police, represent nearly $500 million of lending ...
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