“No economy in the world is as open to Chinese investment as the UK,” declared George Osborne on a visit in 2015. Few Western nations would make such a claim today, but the then-Chancellor was on an unapologetic charm offensive that took him to Beijing skyscrapers, interviews on bullet trains and […]
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Walmart forges deep tie-in with HGTV show about home projects under quarantine
Dive Brief: Walmart signed a deal with Discovery that will see the big box retailer’s products and ads integrated closely with a new program on the HGTV network, Variety reported. The eight-episode “Design At Your Door” series, which debuted Thursday, tracks people as they makeover rooms in their homes during […]
Mitsubishi Aircraft replaces development chief in deep overhaul
TOKYO — Mitsubishi Aircraft reshuffled its leadership team on Monday as the Japanese company undertakes sweeping job cuts in a shift away from global expansion. The company has decided to replace chief development officer Alex Bellamy with Yasuhiko Kawaguchi, who assumes the role of chief engineer. Kawaguchi has been leading the company’s efforts in aircraft certification. Bellamy […]
Ministers are in an economic hole so deep they can’t get out
The moment employers are required to pay 20pc of furloughed wages, they’ll start laying off employees. It’s not just that many hospitality firms are not viable as long as social distancing is maintained; many have found they should be able to manage with fewer staff anyway, even if revenues return […]
A Feud in Wolf-Kink Erotica Raises a Deep Legal Question
To hear more audio stories from publishers like The New York Times, download Audm for iPhone or Android. Addison Cain was living in Kyoto, volunteering at a shrine and studying indigenous Japanese religion. She was supposed to be working on a scholarly book about her research, but started writing intensely […]
Putting our economy into deep freeze comes with health risks too
The debate over ‘lives versus livelihoods’ will become more intense as pressure grows to ease this deeply damaging lockdown This Easter Bank Holiday weekend is, perhaps, the bleakest moment so far of this national health scare – and not only because we’re cooped up amid tortuously good weather. With immunity […]
Japan set for deep recession after coronavirus emergency declared
TOKYO — The declaration of a state of emergency in Japan has prompted economists to slash forecasts for three months from April to June. Analysts from domestic and international banks now all expect an annualized double-digit contraction in the second quarter, before the Japanese economy returns to a precrisis level. […]