Walt Disney’s executive chairman and former CEO Bob Iger will forgeo salary and his successor as chief executive Bob Chapek will take a 50% pay cut as companies addresss the economic upheaval and corporate and public pain and PR of the coronavirus. In a memo to Disney employees, Chapek said […]
Read moreFDA Issues Emergency Use Authorization For Anti-malaria Drugs For Coronavirus
The U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) to allow anti-malaria drugs hydroxychloroquine sulfate and chloroquine phosphate donated to the Strategic National Stockpile (SNS) as possible treatments for coronavirus (COVID-19) patients. This is the first EUA for a drug related to the COVID-19 response. […]
Read moreHammerson shop rent takings down two thirds
Hammerson, one of Britain’s biggest shopping centre owners, was paid only about a third of the quarterly rent it was due last week as cash-strapped retailers struggled to survive the coronavirus crisis. Lockdown to spell disaster for thousands of pubs, restaurants and shops The company, which owns the Bullring in […]
Read moreGovernment coronavirus spending: Where is all the money coming from?
The Government’s response to the coronavirus pandemic has lead to decreasing economic activity in the UK. Prime Minister Boris Johnson announced Britain would essentially go into lockdown for the foreseeable future, urging people to stay home if possible to stop the spread of COVID-19. Before the impact of the pandemic, […]
Read moreDetroit Auto Show Canceled As Venue Turned To Hospital To Treat Covid-19 Cases
The 2020 North American International Auto Show, known as Detroit auto show, has been canceled as the venue is being converted into a field hospital to treat coronavirus or COVID-19 patients. The auto show, which was scheduled in June this year, will now be held on June 11, 2021. The […]
Read moreSocial Distancing In US To Continue At Least Until April 30
President Donald Trump, who a week ago said that he hopes the United States will shake off coronavirus by Easter, set the deadline as April 30 to continue with the social distancing guidelines. The U.S. Government announced on march 16 tougher guidelines for its citizens to follow to slow the […]
Read moreCoronavirus forces economics profession to leave comfort zone
With the coronavirus devastating one economy after another, the economics profession – and thus the analytical underpinnings for sound policymaking and crisis management – is having to play catchup. Of particular concern are the economics of viral contagion, of fear and of “circuit breakers”. The more that economic thinking advances […]
Read moreEasyJet grounds entire fleet of planes because of coronavirus crisis
EasyJet has grounded its entire fleet of aircraft for at least two months in response to the destruction of demand for air travel by the coronavirus pandemic. The budget airline said it could not put a firm date on restarting commercial flights and 4,000 of its 9,000 UK staff will […]
Read moreHow Supply Chains Jumped From Business School and Into Our Lives
Supply Lines is a daily newsletter that tracks COVID-19’s impact on trade. Sign up here, andsubscribe to our Covid-19 podcast for the latest news and analysis on the pandemic. The past century of global economic integration through trade has been a steady march of progress, from trucks to pallets, from […]
Read moreHong Kong to Provide Second Round of Financial Aid to Companies
Hong Kong’s government will introduce a second round of financial assistance for businesses affected by the novel coronavirus outbreak, according to Chief Secretary Matthew Cheung. The subsidies from the Epidemic Prevention Fund would aim to protect workers, Cheung wrote in a blog Sunday that didn’t provide details of the plan […]
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