More people are reaching for an electric car. Shutterstock.com Lockdowns across Europe to curb the coronavirus pandemic drastically changed how we move around the world. Work-from-home restrictions, furlough schemes and job losses left millions of cars gathering dust in driveways. It is not surprising that the demand for new cars
Informal workers have no protection from the pandemic. PradeepGaurs / Shutterstock.com Before coronavirus, inequality was already increasing in many parts of the developing world. But the pandemic is going to greatly heighten existing economic and social inequalities. Here are five of the main ways inequality is heightening around the world.
Yoyo Dy/Unsplash, FAL The onset of the pandemic and the ensuing lockdown have imperilled businesses worldwide. It will be tempting for firms to put any commitment to the environment in the back seat as they attempt to recover, especially as some governments reduce requirements and undermine environmental protection. This is
Virgin Atlantic’s rescue deal is something of a watershed in how companies can escape insolvency. The deal, which will involve Richard Branson and US hedge fund Davidson Kempner Capital Management injecting US$1.6 billion (£1.2 billion) into the airline, uses the new restructuring plans made possible by the UK Corporate Insolvency
Girts Ragelis/Shutterstock Before the lockdown, people who voluntarily worked remotely were often marginalised compared with their colleagues working in the office. Studies show that remote workers could often feel professionally and socially isolated. The physical distance between remote workers and their on-site colleagues meant they missed out on learning opportunities.
Time's up for TikTok. Ascannio The Trump administration has turned up the heat on Chinese tech companies TikTok and WeChat with an executive order that US companies have 45 days to stop transacting with them. The administration has also recommended that Chinese firms listed on US exchanges be removed unless