Global bosses predict U-shaped coronavirus recovery April 22, 2020 Global business leaders have predicted economies will fail to post a quick recovery bounce back quickly from the coronavirus crash. Many CEOs worry their firms could cease trading altogether, according to a new survey. Roughly 60 per cent of bosses surveyed by business network YPO said they expect a ‘U-shaped’ coronavirus recovery that features a [...]
Coronavirus: Missouri sues Chinese government over handling of virus April 22, 2020 The Midwest state of Missouri has launched a lawsuit against China for the economic damage caused by the coronavirus pandemic. It says the economic losses is a direct result of the Asian state’s response to the original outbreak in Wuhan. The state’s attorney general Eric Schmitt filed the complaint, alleging that Missouri has lost tens [...]
UN: Number of people facing starvation set to double due to coronavirus April 22, 2020 The world is standing on the brink of a “global humanitarian catastrophe”, the head of the UN’s World Food Programme (WFP) has said, with the coronavirus pandemic set to exacerbate “a perfect storm of deepening crises”. Speaking to the UN Security Council, David Beasley said that even before Covid-19 the world was approaching a hunger [...]
Snapchat shares jump as coronavirus lockdown boosts user numbers April 22, 2020 Snapchat has reported a sharp spike in user numbers during the first quarter as millions of people turned to the social media app during the coronavirus lockdown. Parent company Snap said daily active users rose 20 per cent year on year to 229m in the first three months of 2020. Revenue also grew 44 per [...]
Heineken cuts costs as beer sales slide 14 per cent April 22, 2020 Heineken has reported a 14 per cent drop in beer sales in March, and predicts the situation will worsen in the months to come. The brewer has suffered sharp declines in all regions as coronavirus restrictions close pubs and restaurants. In South Africa Heineken was forced to shut down production entirely. With pubs closed, Heineken [...]
Fortnum’s picks six wines to get you through lockdown April 22, 2020 Self-isolation has robbed us of many of life’s luxuries, but one area where we can still enjoy a moment of relaxation is in our evening tipple. We spoke to Fortnum & Mason’s wine and spirit buyer, Jamie Waugh, for his tips on three reds and three whites to get you through lockdown. Heck, it’s the [...]
Former Channel 4 executive launches flexible working creative agency Soursop April 22, 2020 A former Channel 4 and Vice executive has today launched a new creative agency built on a model of flexible and remote working. Soursop will hire staff around the world to work on projects for brands across editorial, advertising, film and TV. The company has secured Samsung and Nike as founding clients and has already [...]
Earth Day: 50 years on, there is impressive progress to cheer April 22, 2020 As we celebrate the 50th anniversary of Earth Day and the birth of modern environmentalism, we should pause to give each other a virtual “high five” for the impressive environmental progress society has accomplished during this span. We should also think about the ways we can make the next 50 far more effective. Case in [...]
Coronavirus: Pret will see the benefits of doing the right thing April 22, 2020 The coronavirus crisis has required businesses to alter their COVID-19 strategy frequently in line with changing government advice. Some businesses have had more success than others with striking a good balance and doing the right thing in the eyes of the public, particularly at the start of the crisis in March. One brand which has [...]
Johanna Kyrklund: It pays to be patient April 22, 2020 As lockdown continues for millions of us across the world, unsure of when we will see loved ones or return to our places of work, we all know we must be patient. Good things come to those that wait, as they say. This seems to me to be true not only from a personal viewpoint, [...]
