EconomyWeb | Global Economic Outlook
BUSINESS • Today
Firms start price cuts as £4bn VAT boost begins
July 14, 2020
Starbucks and McDonald's are the latest firms to cut some prices, but not all businesses can afford to do so.
Business Headlines

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BUSINESS • World
China slaps sanctions on US arms maker Lockheed Martin over missile sales to Taiwan
July 14, 2020
Preview Beijing is imposing sanctions on US arms firm Lockheed Martin for its involvement in a missile deal with Taiwan, which China considers part of its territory. The move could further worsen relations between the US and China.
Read Full Article at RT.com
China shows ‘indication of accelerating economic recovery’ as exports & imports grow for first time since Covid-19 pandemic
July 14, 2020
Preview China’s customs data beat expectations of decline on Tuesday, showing that exports and imports grew significantly in June. The positive data comes as restrictions eased and countries started reopening their economies.
Read Full Article at RT.com
Company News
International Business
U.K. Bars Huawei From 5G Network, Raising Tensions With China
July 14, 2020
Banning the use of the Chinese tech giant’s equipment in high-speed wireless infrastructure is a major reversal by Prime Minister Boris Johnson — and a big victory for the Trump administration.
Automakers Are Making Cars, but Virus Surge Puts That at Risk
July 14, 2020
Some workers are calling on the industry to shut down plants in states where virus cases have increased sharply in recent weeks.
Automakers Are Making Cars, but Virus Surge Puts That at Risk
July 14, 2020
Some workers are calling on the industry to shut down plants in states where virus cases have increased sharply in recent weeks.
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BUSINESS • Analysis
CDC says U.S. could get coronavirus under control in one to two months if everyone wears a mask
July 14, 2020
"I think if we could get everybody to wear a mask right now I think in four, six, eight weeks we could bring this epidemic under control," said Dr. Robert Redfield, director of the CDC.
Mall owners renting out parking lots during the coronavirus pandemic
July 14, 2020
Parking lots, of all places, are turning into bigger sources of revenue for some mall owners during the coronavirus pandemic. They're hosting drive-in movie theaters, food venues and more.
Pandemic sours Delta's investments in foreign airlines, costing $2 billion
July 14, 2020
Delta has aggressively pursued investments in foreign airlines but the pandemic has hurt air travel, particularly abroad.

Business Trends
Google Play Pass is expanding outside the US and getting an annual subscription
July 14, 2020
Illustration: Alex Castro / The Verge

Google Play Pass, Google’s subscription service that gives you access to hundreds of Android games and apps with no ads or in-app purchases, is rolling out to nine new countries this week, the company announced today. The service has only been available in the US since it launched in September, but it will soon be available to Android users in Australia, Canada, France, Germany, Ireland, Italy, New Zealand, Spain, and the UK.

Google is also rolling out a new annual subscription option for Play Pass that gives you a nice discount if you opt to pay for 12 months up front. Play Pass typically costs $4.99 per month, but the new annual subscription will cost $29.99 in the US. That price also undercuts Apple Arcade, an app subscription service...

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Facebook and Instagram ban all posts promoting conversion therapy
July 10, 2020
Illustration by Alex Castro / The Verge

Instagram on Thursday announced a new ban on all forms of content, including posts and videos, promoting the widely discredited practice known as conversion therapy, which attempts to forcefully change an individual's sexual orientation. The news was first reported earlier today by CNN.

A spokesperson for parent company Facebook tells The Verge this recent change in policy is an expansion of an earlier rule specifically banning ads promoting the practice put in place earlier this year, and that the policy now includes a ban on any content that directly promotes the practice, too. The spokesperson confirmed the ban applies both to Instagram and the company’s main social network, which share hate speech policies.

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BUSINESS • Report
ACLU Calls For Special Counsel Probe Into Forcible Clearing Of Lafayette Park Protesters
July 14, 2020
The organization wrote in a letter to Barr that appointing a special counsel “is a necessary step to ensure justice”—and he can’t be involved.
Brazil’s New Sanitation Bill To Draw Domestic And Foreign Private Investment
July 14, 2020
The approval of a new regulatory framework for Brazil’s water supply and sanitation sector is likely to draw domestic and foreign investors seeking to tap into the country’s pent up demand for sanitation services.


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BUSINESS • Insight
Lean management or agile? The right answer may be both
Through thoughtful design, agile and lean management can be the perfect match for companies in search of lasting performance improvement.
Business Perspective
Helping People Move from Trauma to Growth
July 14, 2020
Richard Tedeschi, a psychology professor and distinguished chair of the Boulder Crest Institute, says that crises like the Covid-19 pandemic and its economic fallout as well as the recent racial violence and social unrest in the United States, can yield not just negative but also positive outcomes for individuals, teams, companies, industries, communities and nations. He has spent decades studying this phenomenon of post-traumatic growth and identified strategies for achieving it as well as the benefits that can accrue, from better relationships to the discovery of new opportunities. Tedeschi is the author of the HBR article "Growth After Trauma."
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BUSINESS • Outlook
Amazon Says Email to Employees Banning TikTok Was ‘Sent in Error’
July 10, 2020
Amazon told employees to delete TikTok from mobile devices they use to access company emails, citing “security risks”
Business Insight
Is there a relationship between blood type and covid-19 infection?
July 14, 2020
This story is part of our ongoing list of answers to the biggest questions our readers have about the coronavirus. That list is constantly updated, and you can check it out here. Since early in the pandemic, there’s been an interest in learning whether blood type has anything to do with who is more likely…
Prepare for a winter covid-19 spike now, say medical experts
July 14, 2020
The news: We should prepare now for a potential new wave of coronavirus cases this winter, according to the UK’s Academy of Medical Sciences. Health-care systems tend to struggle in winter anyway because infectious diseases spread faster as we spend more time in poorly ventilated indoor spaces, and because conditions like asthma, heart attacks, and…
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