Business, government operate under new rules, market rallies
4 years, 7 months ago

Business, government operate under new rules, market rallies

Associated Press  

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. — The Children’s Place plans to reopen stores in 10 states: Alabama, Arkansas, Idaho, Mississippi, Montana, Nebraska, North Dakota, Oklahoma, South Dakota, and Utah. TRAVEL & LEISURE: Tourist destinations are beginning to release reopening dates, but there will be new rules in place governing activities and the number of people allowed. — Thousands of people in Bosnia who lost their jobs over the past two months have been blocked by cumbersome and lengthy application procedures from accessing unemployment benefits they had been promised by the government. — Stocks closed sharply higher on Wall Street Monday, extending a global rally amid optimism about a potential vaccine for the coronavirus and hopes for a U.S. economic recovery in the second half of the year.

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Apple re-closes some stores, raising economic concerns
4 years, 6 months ago

Apple re-closes some stores, raising economic concerns

Associated Press  

Apple’s Friday decision to close stores in four states with surging coronavirus cases highlights a question that other businesses may soon face: Stay open or prepare for more shutdowns? It’s not clear whether other retailers will follow en masse, although one analyst expects hard-hit stores to stay open unless forced to close by local authorities. Because U.S. efforts to contain …

US coronavirus: Warmer weather and debate over restrictions drive Americans outside
4 years, 8 months ago

US coronavirus: Warmer weather and debate over restrictions drive Americans outside

CNN  

CNN — From California to New York, more Americans are headed outside – some for recreation and others in protest. But in the city of Dallas, some businesses have decided it “doesn’t make sense economically” to reopen with a 25% occupancy limit, Mayor Eric Johnson said Sunday. “Let’s hope the outcome is good.” Fauci: Lifting measures too early could backfire …

Stores closing because of coronavirus: Nike, Urban Outfitters, Apple and more
4 years, 10 months ago

Stores closing because of coronavirus: Nike, Urban Outfitters, Apple and more

CNN  

New York CNN Business — A growing number of retailers have announced they are temporarily closing stores in an effort to prevent the spread of coronavirus. Powell said that while “some of the closed store sales could be realized in Nike’s wholesale partners and on Nike.com,” Nike will likely “see a negative sales impact from these closures.” But while retailers …

Apple temporarily shuts stores worldwide to fight virus
4 years, 10 months ago

Apple temporarily shuts stores worldwide to fight virus

Associated Press  

LONDON — Tech giant Apple is closing its stores outside of China for two weeks and will only sell online as part of efforts to fight the global viral pandemic. “Apple will be temporarily closing all stores outside of Greater China until March 27 and committing $15M to help with worldwide recovery.” In a lengthier online statement, Cook said that …

Apple temporarily closes all 42 stores in China as coronavirus spreads
4 years, 11 months ago

Apple temporarily closes all 42 stores in China as coronavirus spreads

CNN  

New York CNN — Apple is temporarily closing all of its stores in China because of the coronavirus outbreak. “Out of an abundance of caution and based on the latest advice from leading health experts, we’re closing all our corporate offices, stores and contact centers in mainland China through February 9,” Apple told CNN Business in a statement. Apple CEO …

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