Scarred and scared: post-Covid consumers not their old selves
Michael Clark of Amy’s Housewares has one big fear as its London stores prepare to reopen on June 15 along with other retailers around Britain: “Customers not spending, having no trust in the economy.”
Tesla China sold 11,095 Model 3 vehicles in May, triple April’s volume: CPCA
U.S. electric vehicle maker Tesla Inc sold 11,095 Shanghai-made Model 3 vehicles in China in May, more than triple the volume seen in April, according to the China Passenger Car Association (CPCA).
EasyJet CEO warns UK quarantine could lead to more job losses
EasyJet could have to make further job cuts if the government’s quarantine policy continues for a long period, the airline’s chief executive warned.
Factbox: Who’s bidding to be next World Trade Organization chief?
The World Trade Organization (WTO) began the process on Monday of selecting a new director-general to replace Brazil’s Roberto Azevedo, who is stepping down a year early at the end of August.
Galeries Lafayette’s Champs Elysees store struggles as group faces $1 billion hit: CEO
Galeries Lafayette’s [GALP.UL] new outlet on the Champs Elysees is struggling because people are staying away from the famous Paris boulevard due to COVID-19, according to its CEO, who said the crisis would hit the group to the tune of 1 billion euros….
Global stocks pause after recent run
World shares paused on Monday as investors turned cautious after a 42% surge since March, as economies continued to struggle with the effects of the coronavirus pandemic.
Thai Airways rehabilitation may take up to seven years, legal advisor says
The rehabilitation of flag carrier Thai Airways International Pcl may take up to seven years, the airline’s legal advisor said on Monday.
HK residents rush for offshore bank accounts on China law worries: sources
Banks including HSBC, Standard Chartered and Citigroup have seen a spike in enquiries from Hong Kong residents about opening offshore accounts amid concerns stemming from China’s decision to impose a national security law on the city, five people said….
Hong Kong activist investor David Webb to step back for health reasons
Hong Kong activist investor David Webb has said he will step back from posting his widely read critiques of companies and the city’s government after being diagnosed with prostate cancer.
Jobs come first in South Korea’s ambitious ‘Green New Deal’ climate plan
The first stages of a South Korean government “Green New Deal” aiming to retool one of the world’s most fossil fuel-reliant economies is focused instead on protecting jobs as the country seeks to stimulate a virus-ravaged economy, activists say.
