Darren Winters explains, post Brexit negotiations are back on the radar, as the extension to the transitional period negotiations is due to be decided whether it will be extended beyond the 31 of December deadline. Just to recap Britain has officially left the 27-nation bloc on January 31 but remains within the EU’s economic and …
Tourism Meltdown
As Darren Winters points out, the tourism meltdown is currently underway, triggered by COVID-19’s great lockdown, and the fallout is disbursing menacing clouds over the wider economy. After one hundred years in business, Hertz Global Holdings Inc has recently filed for chapter 11 bankruptcy, nearly 700,000 vehicles lay idle, 16,000 jobs have been axed and …
Social Distancing
Global travel and tourism accounts for approximately 2.9 trillion USD in 2019 but Darren Winters looks at how the requirements for social distancing will impact business models in the post-pandemic era. The unrestricted free movement of people and goods is the bedrock of a modern economy and that one way or other countless companies are …
Pandemic Impact
The pandemic impact on the economy is unfolding and it is a somber view where the worst-case scenario is most likely the real one with the global economy contracting by almost one quarter and 10s of millions unemployed. Investors should brace themselves for an unprecedented 24% drop in second-quarter output this year, according to Goldman …