“People do not buy a new outfit to stay at home.” Sales at stores that have reopened languish while ecommerce is booming. McKinsey: up to a third of global fashion retailers will not survive the crisis.
“Consideration may need to be given” to bailouts from taxpayers “to meet solvency or liquidity requirements,” but only “at the extreme end,” whatever that means.
Foreign Companies welcome. US Tax dodgers that didn’t qualify in the US, no problem.
Beijing squeezes, and HSBC knows where it makes most of its money. Standard Chartered, another UK bank, did the same.
It’s not often that “zero” is used in official statistics that are normally counted in millions of people and billions of euros.
But auto sales had already dropped three years in a row — before Covid.
Airlines, automakers at the forefront. And it has only just begun. EU waives rules banning state aid. Ryanair, which doesn’t need a bailout, is furious.
Here’s the story of two student housing REITs in the UK that crashed.
“The stimulus the country urgently needs is not experimental and dangerous monetary policy.”
In the forlorn hope the world’s biggest green-energy zombie will somehow survive the oncoming storm.