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MASAYOSHI Son has been among the most fervent believers in the sharing economy, investing billions in startups that help people split the use of cars, rooms and offices. But as the coronavirus curtails unnecessary human interaction, it’s hammering such businesses and rattling the foundations of Son’s SoftBank Group Corp.
One of the biggest repercussions from the Covid-19 outbreak in Australia ought to be the end of its island mentality.
PARIS: Chinese shoppers are slowly returning to the glitzy malls and boutiques where they’ve been driving growth of the global luxury industry as coronavirus quarantine measures relax.
LONDON: Growing fear over coronavirus is battering commercial airline stocks, but private jet operators are seeing a spike in demand as well-heeled travelers look to minimize their public exposure and find alternatives to suspended flights.
HONG KONG: A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labour costs.
HONG KONG (Bloomberg) -- A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs.
SINGAPORE: The world’s largest steelmaker has sounded the alarm about the outlook as the coronavirus crisis rips through Asia’s top economy, with China’s premier industry grouping warning of transport snarls, weaker demand and a situation this quarter that “does not look optimistic”.
HONG KONG: Thanks to the coronavirus outbreak, working from home is no longer a privilege, it’s a necessity.
SYDNEY: Chinese consumption, a key growth driver in an economy transitioning from investment, is set to take a blow from the coronavirus outbreak that hit just as millions of people set out on vacation, S&P Global Ratings said.
NEW YORK : The former chief of staff to ousted WeWork CEO Adam Neumann has accused him and the company of discrimination, saying she feared for the health of her unborn baby because of Neumann's penchant for smoking marijuana on chartered planes.