Economy

Economy
Coronavirus: Meituan Provides ‘Shields’ To Customers; Viking, Princess, Stop Cruises
March 12, 2020

The coronavirus could have far-reaching effects on food delivery, travel and the economy as a whole, while the impacts on grocery inventory might be shorter-term. Here are the latest updates on the coronavirus around the world. Get the Full Story Complete the form to unlock this article...

Economy
Watchdog In Italy Investigating Amazon, eBay Over Inflated Coronavirus-Related Prices
March 12, 2020

The antitrust watchdog in Italy has opened an investigation into Amazon and eBay over allegations that the companies upped the prices of things like hand sanitizers amid the ongoing coronavirus public health battle, according to a report by Reuters. Get the Full Story Complete the...

Economy
New York To Limit The Number Of Event Attendees Amid Coronavirus
March 12, 2020

As New Jersey and New York limit the number of people at events because of COVID-19 fears, the governor of New York said meetings of over 500 individuals would not be allowed following Friday evening with some exclusions. New York is also aiming to handle...

Economy
Coronavirus Prompts Some Starbucks Locations To Close Seating Areas
March 12, 2020

In an effort to prevent the spread of the coronavirus and safeguard its employees, some Starbucks locations are closing seating areas and restricting service to mobile and drive-through orders, according to a Thursday (March 12) letter to stakeholders from Kevin Johnson, Starbucks CEO. Get the...

Economy
The Innovative ‘Green Shoots’ Growing Out Of COVID-19’s Scorched Earth
March 12, 2020

There seem to be countless sources of collateral damage associated with the unexpected appearance of COVID-19 in early 2020 – the shutdown of production in China, the ripples through the global supply chain, the virtual zeroing out of the travel and events vertical and the...

Economy
Coronavirus Update: Italy Closes Most Retailers; CME Group Closes Trading Floor; Amazon Establishes Relief Fund
March 12, 2020

Under siege by the coronavirus, the Italian government has ordered the closures of all retailers barring pharmacies and grocers, according to published reports Wednesday (March 11). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Economy
Trump Unveils Measures To Combat Economic Impact of Virus
March 11, 2020

President Donald Trump unveiled a number of executive actions designed to blunt at least some of the economic impact of the coronavirus, which continues to spread across the United States. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Economy
Amazon To Deliver Coronavirus Test Kits In Seattle
March 11, 2020

To assist in bringing at-home testing kits for COVID-19, the disease caused by the coronavirus, to homes of Seattle-area residents, Amazon Care is reportedly in discussions with local health groups, according to a CNBC report. Get the Full Story Complete the form to unlock this...

Economy
Retail Tech Partners Step Up To Assist With Remote Work
March 11, 2020

With personal interactions under scrutiny due to the COVID-19 disruption, it’s a good time for retailers to take stock of their mobile and online commerce capabilities and technologies. Several companies have stepped up this week with some innovative remote solutions. Get the Full Story Complete...