COVID-19 Monitor

Last Updated:October 15, 2020

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Twitter Will Allow Employees To Work At Home Forever (BuzzFeed) Published on: May 12, 2020 | Category: Global Response

Twitter CEO Jack Dorsey emailed employees on Tuesday telling them that they’d be allowed to work from home permanently, even after the coronavirus pandemic lockdown passes.
“People who were reticent to work remotely will find that they really thrive that way,” said Jennifer Christie, Twitter’s human resources head.
Dorsey had announced the company’s intent to work in a “distributed” way before the virus, but the pandemic forced the company to move the timeline up.

From PepsiCo to GM, Big Advertisers Set to Cancel Commitments to TV Networks (WSJ) Published on: May 12, 2020 | Category: Economic Impact

TV ad spending fell in the initial weeks of the coronavirus pandemic, but was insulated from an even bigger drop.
That is because the majority of the roughly $42 billion spent on national TV ads in the U.S. is bound by contractual commitments that are made well in advance of a new TV season, which starts each September.
Marketers are worried about the ability to sell their products in a prolonged economic downturn, and aren’t certain what programming networks can put on the air, given the near-total shutdown of production in Hollywood.

Booking Holdings chief seeks government subsidies for travel (FT) Published on: May 12, 2020 | Category: Economic Impact

Governments should subsidise consumers’ holidays to boost the tourism industry once a Covid-19 vaccine or treatment is found, according to the head of one of the largest travel booking companies, who predicted the sector will be one of the last to recover from the pandemic.
It would be “years, not quarters” before travel rebounds, said Glenn Fogel, chief executive of Booking Holdings, telling the Financial Times that the industry merited its own stimulus package because of its importance to most big economies.
Governments should “prime the pump” in such a way because travel was an important provider of entry-level jobs, he said.

Britons spending an extra £250m a week on food, alcohol and entertainment during lockdown, suggests survey (The Independent) Published on: May 12, 2020 | Category: Canadian Business, Economic Impact

Despite increased spending on food, drink and isolation pursuits, consumers are spending an average of £17.9 bn less per month across the economy more broadly.
The survey of more than 2,000 adults aged between 35 and 54 by the financial services firm Legal and General and CEBR, an economics consultancy, found the pandemic is creating “fundamental” changes to how consumers spend their money.
The survey estimates that Britons are spending 24 per cent less on takeaways and 9 per cent less on tobacco.

TTC faces $520-million shortfall by Labour Day due to pandemic (Toronto Star) Published on: May 12, 2020 | Category: Canadian Business, Economic Impact

The TTC is facing a budget shortfall from the COVID-19 crisis that could grow to more than half a billion dollars by Labour Day, and the agency will be unable to continue providing vital transit service unless it gets financial help from the provincial and federal governments, according to a new report.
The document, which was authored by TTC staff and will be discussed at a special virtual meeting of the agency’s board Wednesday, estimates the agency is facing $520 million in losses and increased costs as a result of the pandemic, which has sent transit ridership and fare revenue plummeting to a fraction of pre-crisis levels.

Coronavirus: Musk defies orders to reopen Tesla’s California plant (BBC) Published on: May 12, 2020 | Category: Economic Impact, Leadership

Tesla has reopened its only US electric car plant in California, despite local orders against manufacturing.
While the state has eased restrictions to allow manufacturing, Alameda County, where the Fremont plant is located, has not.
US Treasury Secretary Steven Mnuchin said on Monday California “should prioritize” helping Tesla reopen because it was one of the biggest manufacturing employers in the state.

Ottawa to create bridge financing for big companies, including airlines and energy, that need help in crisis (Financial Post) Published on: May 11, 2020 | Category: Canadian Business, Economic Impact

Canada on Monday said it would create a bridge financing facility for large employers including in the airline and energy sectors that need help to get through the economic downturn caused by the coronavirus.
The bridge lending facility will be for all companies, except those in the financial sector, with an annual revenue of about $300 million seeking financing of about $60 million or more that have “significant operations or workforce in Canada.”
Companies that use the lending facility will have to commit to respect collective bargaining agreements, protecting workers’ pensions, and support “national climate goals.”

New coronavirus testing, contact tracing key to fending off second wave, experts say (CTV News) Published on: May 11, 2020 | Category: Canadian Business, Global Response

Canada’s chief public health officer, Dr. Theresa Tam, has said reopening schools and businesses relies on testing and the ability of public health departments to trace the contacts of positive cases.
As public health restrictions are eased, Phillips said the provinces and territories must maintain a low threshold for testing in order to detect and isolate COVID-19 cases quickly and avoid large outbreaks and exponential growth in cases during a second wave.
“The contacts should be tested because that may identify other people, which will then trigger more contact tracing on those people who are testing positive,” said Dr. Peter Phillips, a clinical professor in the division of infectious diseases at the University of British Columbia.

China’s Wuhan reports first coronavirus cluster since lifting lockdown (Reuters) Published on: May 11, 2020 | Category: Global Response

Wuhan, the epicentre of the novel coronavirus outbreak in China, reported on Monday its first cluster of infections since a lockdown on the city was lifted a month ago, stoking concerns of a wider resurgence of the disease.
The new infections sounded a note of caution amid efforts to ease coronavirus-related restrictions across China as businesses restart and individuals get back to work.
Wuhan reported five new confirmed cases, all from the same residential compound.

DIY hairdressers under covid-19 lockdown tend it like Beckham (The Economist) Published on: May 11, 2020 | Category: Economic Impact

Data from Google suggest that the pandemic has caused a global surge in DIY haircare.
Buzzcuts have seen the biggest increase. In early April, searches for “hair clippers” (or the equivalent in languages other than English) were up five-fold since February. Searches for “beards” and “moustaches” were up by 50%.
Hairdressers and salons have been among the first establishments to reopen in some countries easing lockdown restrictions. Not a moment too soon: after falling to 40% below usual levels at the start of April, global searches for “hairdresser” are now 70% higher than they were before the pandemic started.

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