Category: Business Consultant

Will the remote work craze sparked by COVID-19 sound a death knell for office buildings?

Elliott Holt was always firmly opposed to letting employees work from home.

“There’s no control over it,” says the CEO of a Nashville-based medical records company. “We like to be in control.”

With MediCopy growing at breakneck speed, its work-in-the office ethos spelled a feverish expansion of its physical presence in Nashville. After adding a second office two years ago, the firm was poised to lease a third last month.

But since the coronavirus pandemic has forced nearly all of MediCopy’s 200 employees to work from home, Holt has had an abrupt change of heart. He says he’ll let staffers

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Rolls-Royce warns of ‘historic shock’ to aviation

Rolls-Royce sign
Rolls-Royce sign

The boss of Rolls-Royce has warned of a coronavirus-induced “historic shock to civil aviation” as demand for its jet engines has plunged by half so far this year.

Deliveries of new wide-body engines were just 130 in the first six months, in line with the 250 the company expects for the full year, though this is half the amount Rolls was predicting before Covid-19.

Half of Rolls’s £15bn of annual revenues come from its civil aerospace business, and demand for flights has collapsed because of Covid-19.

The engineering giant said flyng hours for wide-body aircraft fell by 50pc

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Drug could be ready by summer’s end; Florida orders ‘brick and mortar’ schools to open; 130,000 US deaths

The U.S. coronavirus death toll has surpassed 130,000 but a U.S. pharmaceutical company says it could have initial doses of a drug ready by the end of summer that could treat or even prevent COVID-19.

A $450 million federal contract awarded Regeneron Pharmaceuticals could help get the drug to “many people quickly, hopefully helping to change the course of this deadly and still-raging pandemic,” the company said in a statement.

The news comes as confirmed cases surge across most of the U.S. – Dr. Anthony Fauci said the country is “still knee-deep in the first wave of this.” Arizona is

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EMpower Top 100 Ethnic Minority Future Leaders 2020

The killing of George Floyd, and police brutality against the black community more broadly, has forced the world to no longer be a bystander to racial injustice. In fact, it has galvanised the drive to confront racism and how it permeates in all parts of life.

Now, more than ever, giving a platform and space to voices from marginalised communities, and visibility to their leaders, are fundamentally important to driving change.

The EMpower 100 Ethnic Minority Future Leaders lists celebrates inspirational people of colour who are not senior in their organisations but are making a significant contribution to ethnic minority … Read more

India Shadow Bank Dollar Bonds Drop After S&P Downgrades

(Bloomberg) — Credit scores of several Indian shadow lenders were downgraded by S&P Global Ratings due to liquidity risks amid an economic downturn brought on by the pandemic, triggering a drop in some of their bonds.

The rating company cut state-owned Power Finance Corp. and Bajaj Finance Ltd. into junk territory, according to a statement dated Friday. Shriram Transport Finance Co. Ltd. and Manappuram Finance Ltd. were lowered deeper into non-investment grade.

Power Finance’s dollar bonds due 2029 and Shriram Transport Finance’s notes maturing 2022 fell about 2 cents on the dollar Monday to 99.8 cents and 92.8 respectively, the

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