Search

In the UK, Metsä Tissue's main brand is Katrin, a paper towel and toilet roll brand used by corporate and professional clients. (Bloomberg) -- Finnish company Metsä Tissue is building a new paper mill in the Humber estuary of northeast England, in an investment worth hundreds of millions of pounds that will create 400 jobs. [Extracted from the article]

(Bloomberg) -- Skyrocketing demand for boxes and packing materials during the pandemic has slashed paper production across North America, and it couldn't have come at a worse time for retail companies. Normally, printers would look abroad for supply but soaring logistics costs and other markets' own booming packaging demand have limited that option. [Extracted from the article]

(Bloomberg) -- Australian retail sales soared by the most on record in March as households embarked on a buying frenzy, led by massive purchases of toilet paper, ahead of an expected lockdown to contain the coronavirus. There was "unprecedented demand in March in the food retailing industry, with strong sales across supermarkets, liquor retailing and other specialized food", the ABS said. [Extracted from the article]

(Bloomberg) -- The Paper Store LLC, an 86-store specialty gift chain, is the latest retailer seeking a sale in bankruptcy amid the Covid-19 pandemic. The company, which has stores in seven states across the Northeast of the U.S., filed for Chapter 11 bankruptcy Tuesday after the pandemic hurt sales, according to court papers. The Paper Store counts itself among a growing list of retailers pushed into bankruptcy as the pandemic continues to suppress economic activity. [Extracted from the article]

(Bloomberg) -- The bankruptcy filing of Paper Source Inc. is squeezing small vendors the stationery chain uses to stock its shelves with greeting cards. Vendors were asked for larger-than-usual orders after the holidays because Paper Source needed to stock 27 new stores it acquired from Papyrus, another stationery chain that went bankrupt last year, Chief Executive Officer Winnie Park said in an emailed statement. [Extracted from the article]

(Bloomberg) -- Chancellor Olaf Scholz's Social Democrats have drafted economic proposals, including a government fund to promote investment and a temporary "crisis levy" on the richest Germans, that seek to create 1 million new jobs by 2030, the RND media group reported. Among Scholz's coalition partners, the Green party was stagnant at 13% and the Free Democrats polled 6%. [Extracted from the article]

"The quantity of Treasury securities that investors may wish to liquidate in a crisis is growing far more rapidly than the size of dealer balance sheets", Duffie warned. "The total amount of Treasuries outstanding will continue to grow significantly relative to the intermediation capacity of the market because of large US fiscal deficits and limited dealer balance-sheet flexibility" unless changes are made, Duffie said. [Extracted from the article]

(Bloomberg) -- China published new regulations for its national carbon market that are unlikely to reduce an oversupply of allowances keeping trading activity constrained and prices low. The government initially gave out so many allowances, though, that market participants ended up with a surplus, suppressing trading and leaving prices at just a fraction of what they are in the more mature and active European carbon market. [Extracted from the article]

The Ruili government said in a statement that there are "unprecedented risks of imported infections growing by the day", according to The Paper. (Bloomberg) -- China's southwest border town of Ruili is under increasing pressure from expatriates wanting to return from neighbor Myanmar, where a coronavirus outbreak is spreading, The Paper reported. [Extracted from the article]

(Bloomberg) -- When Americans couldn't find hand sanitizer, toilet paper and disinfecting wipes on Amazon.com Inc., many assumed the products had run out thanks to surging demand from home-bound shoppers. Even Amazon merchants who raised prices significantly during the pandemic can show regulators that the hikes were not exploitative, says CJ Rosenbaum, a New York attorney who represents Amazon merchants. [Extracted from the article]

(Bloomberg) -- Grab Holdings Inc., Southeast Asia's ride-hailing giant, is expanding delivery services from convenience stores and supermarkets across 50 cities in the region. The Singapore-based startup said it has teamed up with 3,000 stores as it accelerates delivery of groceries, toilet paper, packaged snacks and beverages to cater to consumers mostly stuck at home during the coronavirus pandemic. [Extracted from the article]

(Bloomberg) -- While consumers around the globe were hoarding toilet paper last month ahead of a wave of government-imposed lockdowns, Russians were stockpiling cash. There was a jump in money being taken out after Putin announced a tax on bank deposits of over 1 million rubles, and more cash was hoarded after he extended self-isolation measures until at least May. [Extracted from the article]

(Bloomberg) -- Target Corp. dumped the full-year sales and profit forecast it gave just three weeks ago even as sales in March have soared, underscoring the difficulty retailers face in navigating the unfolding coronavirus crisis. What's clear is that Target's sales have risen dramatically as Americans stockpile everything from toilet paper to tequila, pushing sales of household essentials and food and beverages up more than 50% in March so far, Target said Wednesday. [Extracted from the article]

(Bloomberg) -- Target Corp. dumped the full-year sales and profit forecast it gave just three weeks ago even as sales in March have soared, underscoring the difficulty retailers face in navigating the unfolding coronavirus crisis. What's clear is that Target's sales have risen dramatically as Americans stockpile everything from toilet paper to tequila, pushing sales of household essentials and food and beverages up more than 50% in March so far, Target said Wednesday. [Extracted from the article]

Communist Party Paper Casts U.S. Capitol Chaos as "Karma" (Bloomberg) -- Chinese state media seized upon the chaos at the U.S. Capitol as an opportunity to drive home a narrative of American hypocrisy, casting the incident as "karma" and "retribution" for Washington's support of global protest movements. The U.S. had "tasted the karma of its own double standards" after a pro-Trump mob stormed the Capitol, the Communist Party-backed Global Times newspaper reported, citing comments from Chinese internet users. [Extracted from the article]

(Bloomberg) -- Macau will shut almost all business premises including casinos for a week from Monday as a Covid-19 outbreak in the gambling hub showed few signs of abating, Macao Daily reported. The curbs are likely to deal a substantial blow to the gaming hub, which has been struggling with a dearth of tourists and slumping revenue as mainland China's Covid Zero policies discourage travel to the enclave. [Extracted from the article]

(Bloomberg) -- While "automation" can be a scary word to some workers, it may actually help mitigate pandemic-fueled job uncertainty and the depth of the recession, according to a working paper by two economists at the Federal Reserve Bank of San Francisco. They also note that depressed demand does reduce the incentive for companies to invest in automation, but their analysis shows that, overall, the probability of automation increases with job uncertainty. [Extracted from the article]

(Bloomberg) -- President Donald Trump has signed an executive order to prevent hoarding and price increases of supplies amid the coronavirus outbreak. "We will not let those hoarding vital supplies & price gougers to harm the health of America in this hour of need", White House Press Secretary Stephanie Grisham said in a tweet on Monday announcing the move. [Extracted from the article]

With the pandemic upending workplace practices around the world, the office-equipment giant on Wednesday unveiled an ambitious shift away from paper and into the digital realm, aiming to transform into a digital-services provider. In its five-year plan, Ricoh said it would seek to become a "digital services company", acknowledging the damage the pandemic has done to its mainstay printing business. [Extracted from the article]

The article presents business-related news briefs. COVID-19 cases number more than 236 million with 4.8 million fatalities. Chinese property company Fantasia Holdings Group misses a maturing bond payment. The leaked financial records known as the Pandora Papers have exposed offshore assets owned by world leaders and celebrities.

(Bloomberg) -- Authorities in Beijing have sent all residents of a large housing complex into quarantine after a total of 26 cases of Covid were discovered in the compound, Beijing Youth Daily reported. Residents of the compound in Chaoyang district were moved to a center for seven days of quarantine from Saturday, according to the report, which cited a notice issued Friday by the virus control and prevention command of Nanmofangxiang. [Extracted from the article]

(Bloomberg) -- Authorities in Beijing have sent all residents of a large housing complex into quarantine after a total of 26 cases of Covid were discovered in the compound, Beijing Youth Daily reported. Residents of the compound in Chaoyang district were moved to a center for seven days of quarantine from Saturday, according to the report, which cited a notice issued Friday by the virus control and prevention command of Nanmofangxiang. [Extracted from the article]

Keywords: 0247409Z; DENN; SBUX; ALLTOP; BUSINESS; CMD; CONS; CONSD; CONSS; CORONAVIR; COS; DRG; HEA; INDUSTRIES; LIFESTYLE; MARKETS; NORTHAM; RET; TOP; US; WORLD; WWTOP; WWTOPAM EN 0247409Z DENN SBUX ALLTOP BUSINESS CMD CONS CONSD CONSS CORONAVIR COS DRG HEA INDUSTRIES LIFESTYLE MARKETS NORTHAM RET TOP US WORLD WWTOP WWTOPAM (Bloomberg) -- Starbucks Corp. is instructing employees to use the three-ply medical-grade masks it provides instead of cloth facial coverings, changing its prior guidance amid a wave of omicron infections. Seattle-based Starbucks, which renewed calls for employees to get booster shots, altered its self-isolation policy as well. [Extracted from the article]

Berset was previously unaware of the data breach at Ledger, the person said. (Bloomberg) -- Swiss federal councilor Alain Berset was the victim of a data breach that made his address, private email and home phone number public after a company he used to buy cryptocurrency was hacked, Swiss newspaper Le Matin Dimanche reported. A spokesperson for the department confirmed to Le Matin that Berset "bought cryptocurrencies a few years ago privately, in order to understand how they work". [Extracted from the article]

(Bloomberg) -- President Donald Trump signed an executive order to prevent hoarding and price increases of supplies amid the coronavirus outbreak, his press secretary said. "We will not let those hoarding vital supplies & price gougers to harm the health of America in this hour of need", White House Press Secretary Stephanie Grisham said in a tweet Monday announcing the move. [Extracted from the article]

The Haidian district of the capital raised virus restriction levels, requiring residents to work from home starting Monday through May 28, with businesses at gyms, entertainment and training centers suspended. (Bloomberg) -- Authorities in Beijing have sent all residents of a large housing complex into quarantine after a total of 26 cases of Covid were discovered in the compound, Beijing Youth Daily reported. [Extracted from the article]

"It's quite clear that the growth outlook will have to be revised downwards", Ifo President Clemens Fuest told Bloomberg TV on Wednesday. Germany's economic recovery is coming under threat from a persistent global supply squeeze and rising Covid-19 infection numbers. [Extracted from the article]

R5YV2TT0AFB5 (Bloomberg) -- Starbucks Corp. is dropping a plan to require coronavirus vaccinations of its U.S. workers, reversing a stance it set out weeks ago. Keywords: 0247409Z; DENN; SBUX; ALLTOP; BUSINESS; CMD; CONS; CONSD; CONSS; CORONAVIR; COS; DRG; HEA; INDUSTRIES; LIFESTYLE; MARKETS; NORTHAM; RET; US; WORLD; WWTOP EN 0247409Z DENN SBUX ALLTOP BUSINESS CMD CONS CONSD CONSS CORONAVIR COS DRG HEA INDUSTRIES LIFESTYLE MARKETS NORTHAM RET US WORLD WWTOP (Bloomberg) -- Starbucks Corp. is dropping a plan to require coronavirus vaccinations of its U.S. workers, reversing a stance it set out weeks ago. [Extracted from the article]

(Bloomberg) -- Australia's suppression of the coronavirus in contrast with New Zealand's elimination will bring different outcomes in their growth paths, according to Paul Bloxham at HSBC Holdings Plc., as cases spike Down Under while Kiwis are heading to the rugby. Cluster outbreaks are possible in Australia with the virus still present, as Victoria shows, and this is likely to restrain the pace of reopening, Bloxham said. [Extracted from the article]

Taiwan, one of the few places that's effectively contained a coronavirus outbreak, is already stockpiling supplies for the next pandemic. Taiwan's stockpiling initiative will also support the island in the event of a natural disaster, which, like pandemics, are expected to become more frequent. [Extracted from the article]

(Bloomberg) -- Canadian inflation went negative for the first time since the 2009 recession after the coronavirus lockdown put the brakes on the world economy. Collapsing gasoline prices have pulled inflation lower over the past two months, but weak demand should keep it at extremely low levels for an extended period. [Extracted from the article]

(Bloomberg) -- New cases in China jumped by almost 15,000 after Hubei province, the epicenter of the coronavirus outbreak, revised its method for counting infections. China reported 15,152 additional coronavirus cases as of Feb. 12, with Hubei's new method for counting infections accounting for the bulk of the additions. China's Hubei province, at the center of the coronavirus outbreak, is requiring that enterprises not resume work before Feb. 20, according to the local government. [Extracted from the article]

(Bloomberg) -- New cases in China jumped by almost 15,000 after Hubei province, the epicenter of the coronavirus outbreak, revised its method for counting infections. China reported 15,152 additional coronavirus cases as of Feb. 12, with Hubei's new method for counting infections accounting for the bulk of the additions. China's Hubei province, at the center of the coronavirus outbreak, is requiring that enterprises not resume work before Feb. 20, according to the local government. [Extracted from the article]

(Bloomberg) -- New cases in China jumped by almost 15,000 after Hubei province, the epicenter of the coronavirus outbreak, revised its method for counting infections. China reported 15,152 additional coronavirus cases as of Feb. 12, with Hubei's new method for counting infections accounting for the bulk of the additions. China's Hubei province, at the center of the coronavirus outbreak, is requiring that enterprises not resume work before Feb. 20, according to the local government. [Extracted from the article]

(Bloomberg) -- New cases in China jumped by almost 15,000 after Hubei province, the epicenter of the coronavirus outbreak, revised its method for counting infections. China reported 15,152 additional coronavirus cases as of Feb. 12, with Hubei's new method for counting infections accounting for the bulk of the additions. [Extracted from the article]

Investors cheered the move, piling into Ricoh shares on Thursday. In its five-year plan, Ricoh said it would seek to become a "digital services company", acknowledging the damage the pandemic has done to its mainstay printing business. [Extracted from the article]

Biden argued he confronted Putin over cyberattacks, Russia's treatment of democracy activists and the need to cooperate over nuclear weapons and the Arctic. (Bloomberg) -- President Joe Biden said he wanted to meet Russia's Vladimir Putin in Geneva to set some "rules of the road" in a relationship that has been eroding for years. [Extracted from the article]

Biden argued he confronted Putin over cyberattacks, Russia's treatment of democracy activists and the need to cooperate over nuclear weapons and the Arctic. (Bloomberg) -- President Joe Biden said he wanted to meet Russia's Vladimir Putin in Geneva to set some "rules of the road" in a relationship that has been eroding for years. [Extracted from the article]

Biden argued he confronted Putin over cyberattacks, Russia's treatment of democracy activists and the need to cooperate over nuclear weapons and the Arctic. (Bloomberg) -- President Joe Biden said he wanted to meet Russia's Vladimir Putin in Geneva to set some "rules of the road" in a relationship that has been eroding for years. [Extracted from the article]