Investment Week (October 20)
“The UK’s credit rating has been downgraded by Moody’s amid a looming economic hit from the coronavirus pandemic and the forthcoming Brexit deadline.” The UK’s sovereign debt status dropped “one notch to Aa3, from Aa2,” with the ratings agency “noting that Britain’s growth has been meaningfully weaker than expected and is likely to remain so in the future.”
Tags: Aa3, Brexit, Coronavirus, Credit rating, Deadline, Debt, Downgraded, Economic hit, Looming, Moody's, Pandemic, Sovereign, UK
The Times (October 19)
“The pandemic has laid waste to high streets, costing thousands of jobs in the process.” A recent PWC study starkly illustrates the observation that “shop closures soared at a record rate in the first half of the year as coronavirus lockdowns hit the high street.” During that period, “Britain lost 6,001 more chain stores than it gained in the first half, up from a loss of 3,509 in the same period last year.”
Tags: Britain, Closures, Coronavirus, High streets, Jobs, Lockdowns, Pandemic, PwC, Shops, Stores, Waste
Reuters (October 19)
“China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand.”
Tags: Caution, China, Consumers, Coronavirus, Drivers, Expected, Global demand, Growth, Persistent, Recovery, Risks, Weaker
Washington Post (October 16)
“Europe set a record this week for new coronavirus infections, overtaking the United States in cases per capita.” With the new surge, Covid-19 has become “Europe’s fifth-leading cause of death” and there is now the potential that “death rates on the continent this winter could be five times as bad as the April peak if people are not strict about masks and social distancing.”
Tags: Cases, Coronavirus, COVID-19, Death rates, Europe, Masks, Peak, Record, Strict, U.S.
San Francisco Chronicle (October 13)
“As coronavirus cases swell across much of the United States and the nation lurches toward a uniquely tumultuous election day, California has held off another pandemic upswing. Public health experts, however, warn the state is still vulnerable.” The nation “topped 50,000 new cases on four of the past seven day, the highest numbers since August.”
Tags: California, Cases, Coronavirus, Election day, Experts, Pandemic, Public health, Swell, Tumultuous, U.S., Upswing, Vulnerable
Financial Times (October 3)
“Donald Trump’s coronavirus diagnosis has pushed the US into unchartered territory. A country already racked by economic devastation, racial unrest and a pandemic is now asking what happens if Covid-19 incapacitates the president weeks before election day.”
Tags: Coronavirus, COVID-19, Diagnosis, Economic devastation, Election day, Incapacitates, Pandemic, Racial unrest, Trump, U.S.
LA Times (October 2)
“Trump’s coronavirus infection is the result of his deadly, foolish recklessness.” His presidency “has been a disaster,” but this is still “a time for Americans to come together and wish Trump a speedy recovery…. We hope Trump will return to good health — and then be resoundingly defeated in November.”
Tags: Coronavirus, Deadly, Defeated, Disaster, Foolish, Health, Presidency, Recklessness, Recovery, Trump, U.S.
Washington Post (September 30)
Few nations “have been upended like Japan” by the coronavirus. “Working from home was almost unthinkable before the pandemic but now appears to be gathering some momentum.” Pasona is even moving its headquarters from Tokyo to Awaji Island. “It’s a revolutionary idea in Japan’s rigid corporate culture—and a sign of how the coronavirus pandemic is reimagining where and how people work worldwide.”
Tags: Awaji, Coronavirus, Corporate culture, Headquarters, Home, Japan, Pandemic, Pasona, Revolutionary, Rigid, Tokyo, Upended, Work
Seattle Times (September 29)
“The worldwide death toll from the coronavirus eclipsed 1 million on Tuesday, nine months into a crisis that has devastated the global economy, tested world leaders’ resolve, pitted science against politics and forced multitudes to change the way they live, learn and work.”
Tags: 1 million, Coronavirus, Crisis, Death toll, Devastated, Economy, Leaders, Politics, Science, Work, Worldwide
Bloomberg (September 24)
“As the likelihood of additional federal stimulus fades, U.S. stock investors are returning their focus to the coronavirus pandemic and not liking what they see.” Consumers are again cutting back and “the prospects for a vaccine in the next few months have also waned just as the latest data shows an uptick in cases.” Moves by the Federal Reserve and “$3 trillion of federal stimulus helped fuel a torrid five-month rally that began in March,” but “their limitations have become clear.”
Tags: Consumers, Coronavirus, Cutting back, Fed, Limitations, Pandemic, Rally, Stimulus, Stock investors, U.S., Uptick, Vaccine
