A couple of M&A firms are trying to cut staff costs, Perella Weinberg by laying off some bankers, Evercore by trying to entice new college grads to delay starting by a year. Antony Currie discusses whether it’s the start of a trend, or if the two banks…
After the Covid-19 pandemic has taken its emotional, physical and economic toll, look for an acceleration of mega-trends like automation, the drive for sustainability, digitalisation and much more, says Rob Cox, summarising a new e-book by Breakingview…
U.S. business leaders are speaking out against racial injustice. But executives have the power to do more, including supporting ambitious initiatives, like bold minority hiring targets. Otherwise, stakeholder capitalism will remain just a slogan, says …
Chancellor Angela Merkel is mooting 5 billion euros in auto subsidies. A similar plan saved jobs at Volkswagen and Daimler in 2009. But the bonuses would cover only half last year’s sales. If demand is permanently dented, Christopher Thompson argues a …
Despite one of Europe’s strictest lockdowns, the Emerald Isle has become a pandemic bolthole. Matt Damon certainly thinks so. And handouts worth 350 euros a week are easing the pain of the unemployed. Aimee Donnellan gives a first-person account of the…
With Beijing imposing a new law, the U.S. says the city is no longer autonomous. The decision, also reflecting President Trump’s anger over the origins of Covid-19, sets the scene for more economic pain for China. Gina Chon discusses how the U.S. elect…
Japanese Prime Minister Shinzo Abe may be serving up nearly $2 trillion in stimulus but he’s suddenly deeply unpopular. That will make it hard for him to take full advantage of the moment to push reforms that could buttress the economic recovery, Pete …
The U.S. car rental firm has filed for bankruptcy, burdened with high debts and collapsing revenue. Hertz was heading in a decent direction before Covid-19. Restructuring offers bust companies the chance to try again, this time with more financial flex…
European stores are reopening, and more bling is being sold in mainland China, Burberry and peers say. But purchases by tourists won’t rebound at once and rising inventory suggests the current season is partly lost. Lisa Jucca explains why luxury will …
American Airlines’ market value has plunged to $4 bln, but even that could be too much. Like other carriers, it has grounded planes and taken government funding, but American already came into the crisis with too much debt. Its equity could well be wor…