Editor’s Picks

Retailers Seek Pandemic Relief Measures In Their Leases

Retailers Seek Pandemic Relief Measures In Their Leases
Retailers Seek Pandemic Relief Measures In Their Leases
April 29, 2020  |  Retail

To include pandemic escape clauses and further mitigation, certain retail renters are seeking to recast their leases. Many retail leases restrict the occupant from seeking...

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U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
U.S. 1Q GDP Tumbles 4.8 Pct, The Biggest Drop Since Great Recession
April 29, 2020  |  Economy

U.S. gross domestic product (GDP) dropped 4.8 percent in the first quarter — its biggest decline since the 2008 Great Recession as the coronavirus pandemic slammed the...

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British Airways To Eliminate 30 Pct of Workers, Cites Long Recovery
British Airways To Eliminate 30 Pct of Workers, Cites Long Recovery
April 29, 2020  |  Economy

British Airways is set to cut around 30 percent of its workforce consisting of 42,000 people, the airline said, as the coronavirus continues to make...

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WhatsApp Considers Extending Loans To Indian Users
WhatsApp Considers Extending Loans To Indian Users
April 29, 2020  |  Cross-border Payments

WhatsApp in India is considering a move into credit and lending so it can extend loans to users in the country, according to a report...

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Alphabet’s YouTube Revenues Surge 33 Pct In Q1
Alphabet’s YouTube Revenues Surge 33 Pct In Q1
April 29, 2020  |  Earnings

Call it a tale of two quarters – or, more specifically, a quarter that can be divided into “before coronavirus” and “during coronavirus.” Get the...

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Starbucks Forecasts A Phased But Full Reopening Of Stores By June
Starbucks Forecasts A Phased But Full Reopening Of Stores By June
April 28, 2020  |  Earnings

The year 2020 started strong for Starbucks, CEO Kevin Johnson noted in his call with investors after the firm’s second-quarter earnings hit the wires Tuesday...

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TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
April 28, 2020  |  Economy

TripAdvisor is further cutting staff after already doing so earlier this year, with the coronavirus’s crippling blow crushing the travel business, according to a report...

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Macy’s Loses Credit Insurance Coverage
Macy’s Loses Credit Insurance Coverage
April 28, 2020  |  Retail

As if closing stores, laying off workers and incurring mounting debt amid the coronavirus pandemic wasn’t bad enough, now retailers face another obstacle, Bloomberg News reported....

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