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One of the most politically-connected yet scandal ridden vaccine companies in the united states, with troubling ties to the 2001 anthrax attacks and opioid crisis, is set to profit handsomely from the current coronavirus crisis.
Coronavirus response to push budget deficits above financial crisis levels
Oil patch executives are eating their own cooking, significantly stepping up purchases of their own companies’ shares in the wake of a steep decline in the price of energy stocks.
As Stephen Poloz goes into his penultimate policy meeting as Bank of Canada governor on Wednesday, economists are trying to gauge how much of a buying mood he’s in.
For Renault, the onset of the coronavirus epidemic snuffed out its bid to become a mainstream brand in China
It is going about it the wrong way
Businesses are under pressure to give full account of how pandemic has affected trade
In a time of crisis, what does business owe the public good? And what can the government require companies to do? If the crisis is deep enough, the answer to the latter question is: almost anything.
CEO turnover fell for the second month in a row in March, with 94 CEOs leaving their posts, according to a report by outplacement firm Challenger, Gray & Christmas. CEO turnover was down 27% from February and 30% from this time last year, the firm said in a statement.
The impact of COVID-19 on business has been profound and sudden. Strategic plans, business forecasts, and operating budgets set before the current crisis are likely to bear no semblance to plans that might be set today. Moreover, plans set today may also be quickly overtaken by events and rendered obsolete. It follows that outstanding cycles of budget-based incentive compensation programs, both short- and long-term in nature, did not contemplate this broad economic downturn.
The ten U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible for an outsized proportion of the U.S. economy.
America needs a new way to deal with the Chinese telecoms giant. Its own tech industry points the way
Trading gains, however, hit record
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Martin Pelletier: Canada needs to use COVID-19 crisis to break out of its economic complacency
Canada’s economy shrank a record 9% in March from the previous month as the coronavirus outbreak forced the shutdown of economic activity during the course of the month, Statistics Canada said in a flash estimate on Wednesday.
Fairfax Financial Holdings Ltd. is warning that it expects to lose US$1.4 billion in the first quarter because of the COVID-19 pandemic.
Social distancing, lockdowns and travel restrictions made a sharp dent in retail sales
Ten major airlines intend to accept government payroll support; President Trump touts agreement
The extraordinary operations that are under way in most countries in response to the COVID-19 shock have raised fears that large-scale monetisation will result in a major inflation episode.
Poor communication and data are hampering the ability to tackle Covid-19
Contract will help boost US asset manager’s often-criticised credibility on sustainable investing
Finance leaders are on the corporate front line, helping their companies navigate a health and economic crisis whose duration is uncertain. PwC’s biweekly CFO survey tracks how these executives view a COVID-19 world — and the actions they are taking to respond.
Global airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020 according to a forecast from the industry’s representative body IATA, which raised its estimate from the $252 billion figure given on March 24.
Net income falls 90% even as deposits and commercial activity surges
The International Monetary Fund predicted the “Great Lockdown” recession would be the steepest in almost a century and warned the world economy’s contraction and recovery would be worse than anticipated if the coronavirus lingers or returns.
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