Category: Business is Fun

Sellers Place Key Pics in Cannes Virtual Market

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The Cannes Marché du Film, along with a sales initiative led by Hollywood agencies, is hosting the first major virtual market since the start of pandemic, starting on June 23. Distributors and sales agents are looking forward to it: the turn-up for the online Cannes Marché du Film is significant with more than 7,000 accredited participants as of mid-June.

“As nobody can leave their house, a virtual market is the next best thing. It’s a valid and worthwhile effort … people need something to initiate interactions. If this virtual market can help in

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Coronavirus crisis will reveal which startups are ‘houses of cards’: Fast Company Editor-in-Chief

Layoffs at high-profile tech giants like Uber (UBER) and Lyft (LYFT) grabbed headlines in recent weeks, though the novel coronavirus has also decimated the next generation of aspiring unicorns, forcing some to close permanently.

Some promising ventures may succumb to unfortunate circumstances, but the economic crisis also reveals which early-stage companies can draw on the effective leadership and sustainable business model necessary to weather a downturn, says Stephanie Mehta, the editor-in-chief of business publication Fast Company.

“We’re going to see the companies that actually have real business plans and real models that will be able to sustain them on the

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Merkel and Lagarde Tell EU It Needs to Deliver: Summit Update

(Bloomberg) — European Central Bank President Christine Lagarde and German Chancellor Angela Merkel warned European Union leaders meeting Friday by video conference that if they fail to agree on a stimulus package the consequences could be dire.

The leaders began negotiations on a 750 billion-euro ($840 billion) plan to help their economies rebound from the Covid-19 lockdown, with Germany and France pushing for a deal to be wrapped up next month.

The European Commission, the bloc’s executive arm, has proposed issuing joint debt to finance the program, a radical step that would signal an unprecedented move toward integration among the

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Asia Electronics Sector Booms, Bucking Global Economic Slump

(Bloomberg) — Global trade data in the Covid-19 era has been generally abysmal, but look a little closer and the electronics sector that fires Asia’s trade engines could be headed for a pretty good year.

In South Korea, semiconductor exports rose in May and imports of equipment used in producing semiconductors surged 168%, trade ministry data show. Taiwan’s electronic-component exports, which include chips, grew 13.2% in May to $10.2 billion, even as total exports fell 2% from a year earlier.

The electronics industry is holding up relatively well amid the pandemic as companies adopt new technologies — including 5G equipment

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We need more experiments like Seattle’s police-free zone

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QUOTE OF THE DAY

“It’s as if three or four full Boeing 737s or Airbus A320s were crashing every day, killing everyone on board, in the US.” — Dr. Stephen Thrasher, on the coronavirus, which the federal government and many states seem to have given up on trying to do anything about.

WHAT’S HAPPENING

President Donald Trump and first lady Melania Trump visit Saint John Paul II National Shrine, Tuesday, June 2, 2020, in Washington. (AP Photo/Patrick Semansky)
President Donald Trump and first
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