Catch up with the latest pandemic-related financial insights from Breakingviews, from Axa’s dividend to Woolworths’ rewards, in the latest edition of Corona Capital
General view of the Davos Congress Centre, where the 50th World Economic Forum annual meeting takes place, in Davos, Switzerland January 23, 2020. REUTERS/Denis BalibouseMOUNTAIN RETREAT. The pandemic has not dented Klaus Schwab’s Rolodex. The World Economic Forum’s founder on Wednesday convened a virtual mini-summit to discuss his call for a “Great Reset”.
Even if AMC can reopen theaters soon, it doesn’t mean that moviegoers will flood back. Social-distancing rules and habits will last until a vaccine or at least better treatment for Covid-19 is found. Suppose there is pent-up demand for movie outings, there still may not be anything special to see. Movie studios like Walt Disney, Paramount Pictures and Universal are postponing openings and in some cases launching new films straight to their own streaming services.
NORDIC NOIR. Sweden’s laissez-faire approach to the pandemic has turned from outlier to pariah. Reflecting on the decision not to enforce a lockdown to fight Covid-19, Anders Tegnell, Sweden’s state epidemiologist, on Wednesday admitted on local radio that he would have adopted a firmer approach in retrospect.
IN STOCK. It’s one small step for capitalism in Australia, where Woolworths is rewarding employees with equity in the $31 billion supermarket chain. In recognition for hard work throughout the Covid-19 outbreak and generally difficult circumstances, over 100,000 full- and part-time staffers will receive up to A$750 worth of stock. Financially speaking, it equals less than the typical weekly wage in the country’s retail sector, but there is greater significance.
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Breakingviews - Corona Capital: China, Lufthansa, TescoFrom Breakingviews: The Chinese central bank’s new loan-buying plan is too cautious and Lufthansa sheds light on how much airport slots are worth. Catch up with the latest financial insights here
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Breakingviews - Corona Capital: Russian drugs, Brazilian beansFrom Breakingviews: Russia is joining the fight against COVID-19 with antiviral drug Avifavir. But the tests are only preliminary, and the country faces mounting virus-related risks
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Corona Capital: Bank fears, Payments M&A, CoalConcise views on the pandemic’s corporate and financial fallout: A new U.S. regulator wants cities to reopen to prevent bank robberies. Western Union may bid for struggling rival MoneyGram. And the pandemic is hastening the decline of U.S. coal.
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Corona Capital: Tech diversity, CNN’s middle ageConcise views on the pandemic’s corporate and financial fallout: As big U.S. technology companies’ CEOs speak out about racial inequality, working from home trends could give them a chance to make a real difference; and 24/7 news network CNN feasts on Covid-19 as it turns 40.
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Japan has no immediate plan to issue 'corona-bonds': finance minister AsoJapan has no immediate plan to issue 'corona-bonds,' or bonds issued specifically to cover the cost of combating the coronavirus pandemic, Finance Minister Taro Aso said on Tuesday.
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‘Astoundingly Wasteful’ Pop-Up Corona Cycleways Slammed By U.K. Trucking BodiesThe Road Haulage Association and the Freight Transport Association say they are opposed to creating “pop-up” cycleways for the use of key workers during the coronavirus pandemic.
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