Lockdown set to kill off thousands of pubs, restaurants and shops

The coronavirus pandemic is expected to lead to the demise of thousands of restaurants, pubs, shopping chains and other high street businesses, despite the government offering unprecedented financial support and changing insolvency rules to give companies more time to pay debts. The nationwide lockdown has already forced the permanent closure of almost all branches of the restaurant chains Carluccio’s and […]

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Hong Kong Luxury Apartment Rents Slashed to Attracts Tenants

After a bargain on an upscale apartment in the world’s most-expensive property market? Now may be the time. The spreading coronavirus has crunched rents for luxury homes in Hong Kong as wealthy individuals hesitate to sign leases amid the gloomy economic outlook. Landlords have cut their asking prices by as much as 20% since mid-March in a high-end area of […]

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Meet Eric Yuan, the man who made your Zoom meetings possible

If you hadn't already heard have of Zoom Video Communications, there is a decent chance you've made its acquaintance over the past few weeks. Millions of people are now working from home as part of the intensifying fight against the coronavirus outbreak. In addition to using the video conference for work, many are also tapping it to hold virtual playdates […]

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Coronavirus demand drives shortage for world's largest glove maker

Hospitals burning through more coronavirus supplies than can be replaced: Study Premier Inc. CEO Susan Devore discusses the lack of medical supplies in the U.S. as a product of global economics. KUALA LUMPUR (Reuters) – Malaysia's Top Glove Corporation Bhd, which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the […]

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China’s Corporate Deleveraging Campaign May Be Set Back by Years

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. China’s corporate leverage is ramping up again, before borrowers had even finished working down the last surge. The campaign by policy makers to rein in the growth of debt was just approaching the four-year […]

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U.S.-Led Coalition Pulls Out of Another Iraq Base

Baghdad (AP) — The U.S.-led coalition in Iraq withdrew on Sunday from a military base in the country’s north that nearly launched Washington into an open war with neighboring Iran. The K1 Air Base is the third site coalition forces have left this month, in line with U.S. plans to consolidate its troops in two locations in Iraq. A rocket […]

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Why Wall Street underestimated coronavirus concerns

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. London (CNN Business)Faced with an unprecedented crisis, economists and investors are racing to understand the depth of the coronavirus recession and its aftershocks. The problem is, the datasets they’d typically rely on are practically useless. Take the […]

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Spanish Hotels Become Medical Bunkhouses in Tourism Meltdown

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Before the coronavirus pandemic besieged Europe, Kike Sarasola worried about whether he was building enough hotels to capitalize on the region’s long-running tourism boom. Such concerns have disappeared, along with the tourists. The only […]

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Frozen U.K. Home Market Leaves Buyers Wondering Where to Go

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Jerome Reback was planning to move into his new semi-detached home in northwest London in less than two weeks with his wife, five children and two dogs. He spent much of Friday looking for somewhere […]

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