Private, online and hi-tech: the coronavirus economy

first_imgThe coronavirus pandemic has sent stock markets into free fall and industries to the wall, however many firms enabling more private, online and tech-based living are emerging as potential winners. As hundreds of millions of people worldwide are forced to stay in their homes and not travel abroad, the businesses that are helping them to adapt could lead to long-term changes in the economy.”I think certain aspects of work and organizing will change for good through the current situation,” said Sally Maitlis, a professor of organizational behavior at Oxford University’s Said Business School.  “People will discover that they can work and communicate in ways they previously didn’t think possible, and will be forced to become more nimble with tech through having no choice to do otherwise.”Here are comparisons of several sectors that are thriving and failing in the pandemic: Home workouts vs gymsAs many gyms close their doors, fitness-lovers are turning to online classes and home workouts.Shares in US home gym equipment company Peloton surged as investors bet on increasing demand for its stationary exercise bikes and memberships to streaming online workout sessions.At one stage Peloton’s share price was up more than 50 percent from Monday’s intra-day low.  Topics : Large online retailers have seen a surge in orders as self-isolating or home-working consumers turn to their massive distribution and delivery networks to provide daily essentials.Shares in US retail giants Walmart and Amazon both tumbled as markets crashed around the world on March 16. During the week Walmart rose as much as 25 percent from its nine-month low on Monday. Amazon also recovered.”We are seeing increased online shopping and as a result some products such as household staples and medical supplies are out of stock,” Amazon said.Yet small, independent stores are suffering, said UK Federation of Small Businesses chair Mike Cherry.”These are already very difficult times for all small businesses right across the country. There are huge concerns over supply chains while on top of this footfall continues to drop. The prospect for these businesses over the coming weeks is increasingly bleak.” Private jets vs commercial planes  The airline sector has been hit hard by quarantine rules and border closures, with UK airline Flybe crashing into bankruptcy and experts predicting others will follow.  The International Air Transport Association said Thursday that up to $200 billion is needed to rescue the global industry.US airlines  have sought more than $50 billion in government assistance in recent days, with one top US official saying the outbreak poses a bigger threat to the commercial industry than the September 11 attacks.In contrast, private jet charter companies are seeing demand soar.Wealthy customers are seeking to distance themselves from the “unknown” travel histories of fellow passengers, said Daniel Tang, from Hong Kong-based charter company MayJets.US-based Paramount Business Jets has seen inquiries go “through the roof”, its chief executive Richard Zaher said.Queries have risen 400 percent and bookings are up 20-25 per cent. Teleconferences vs real world meetings With more and more people working from home to limit the virus’s spread, demand for technology that enables online group meetings, chats and collaborations has spiked.”There is such excitement around remote work that brands like Zoom have seen their stock value climb up,” Creative Strategies analyst Carolina Milanesi said, referring to the teleconferencing app.At the same time, real world gatherings from sporting events to business conferences, have been postponed or cancelled, with a large question mark still lingering over the fate of this summer’s Olympic Games in Japan. Streaming vs cinemas Demand for movies to watch at home has soared so much that Netflix and YouTube are reducing the quality of their streaming in Europe — which has become the epicentre of the virus — to ease pressure on the internet.Worldwide streaming activity jumped by 20 percent last weekend, according to Bloomberg News.Traditional cinema chains, however, are facing an unprecedented drop in demand. Some have temporarily closed their doors to help contain the virus’s spread.US-listed shares in Cinemark and AMC Entertainment were both down around 60 percent on Friday from their respective highs in January and February. E-commerce giants vs independent storeslast_img read more

Arsenal legend Arsene Wenger sends message to Liverpool as coronavirus threatens Premier League title bid

first_img“There was something special when you arrived.” ✅“Sometimes when I was in the area there, I just had to drive through to go home.” “The link was there. It was a special atmosphere.” 👏Arsene Wenger tells @JimWhite just how much he loved Highbury. 🔴 pic.twitter.com/P9MgBIUSju— talkSPORT (@talkSPORT) May 8, 2020 Metro Sport ReporterFriday 8 May 2020 8:35 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link622Shares Liverpool manager Jurgen Klopp and Arsenal legend Arsene Wenger (Pictures: Getty)Arsenal legend Arsene Wenger has hailed Jurgen Klopp and insisted his Liverpool team will be remembered as Premier League champions even if the season is voided due to the coronavirus pandemic.The Reds had stormed 25 points clear of second-placed Manchester City and to within two victories of the title when the season was suspended on March 13.While the Premier League hope to resume the campaign in the coming weeks, it remains unclear whether that will be possible, with the UK still currently in lockdown.The Premier League’s worst-case scenario would see the 2019-20 season voided altogether, an outcome that would deny Liverpool their first domestic title in 30 years.AdvertisementAdvertisementADVERTISEMENTBut former Arsenal manager Wenger believes Liverpool will be ‘champions in everyone’s head’ even if the campaign cannot be resumed. Visit our live blog for the latest updates Coronavirus news liveDiscussing Liverpool’s stunning season, Wenger told talkSPORT: ‘Jurgen has done extremely well because that club has waited 30 years for this title.‘And when you think they have such a massive difference [points gap] to the second team, Manchester City, as well – 25 points, it’s absolutely massive. Advertisement ‘No matter what England will decide, Liverpool are champions in everyone’s head, I think.’The Premier League’s plan to resume the season in June has been titled ‘Project Restart’ and a host of temporary changes may be made in the wake of the coronavirus crisis.Some clubs – including Arsenal – have returned to training, although players are only permitted to train in groups of five for the time being and are still adhering to social-distancing guidelines.More: FootballRio Ferdinand urges Ole Gunnar Solskjaer to drop Manchester United starChelsea defender Fikayo Tomori reveals why he made U-turn over transfer deadline day moveMikel Arteta rates Thomas Partey’s chances of making his Arsenal debut vs Man CityEarlier in the month, former England star Shaun Wright-Phillips said the current season should be suspended and Liverpool given a 15-point head-start for the 2020-21 campaign.‘I would just null and void the season,’ he said.‘Liverpool deserve to win the title but then if you give them the title, then you have to give them a bonus and where’s the Premier League making their money from now? Liverpool have enjoyed a superb season (Picture: Getty)‘Then if you give them the title, realistically you have to relegate the three teams. There are like three or four points between them down at the bottom, so then there’ll be an argument on that side.‘And then if you do that, then you’ve got to decide who’s getting promoted and who wins the play-offs without even going into it.‘So I think it’s a little bit more difficult than just giving Liverpool the title. I would just null and void it, even if they then gave Liverpool a 10/15 point headstart next year.’More: FootballBruno Fernandes responds to Man Utd bust-up rumours with Ole Gunnar SolskjaerNew Manchester United signing Facundo Pellistri responds to Edinson Cavani praiseArsenal flop Denis Suarez delivers verdict on Thomas Partey and Lucas Torreira movesFollow Metro Sport across our social channels, on Facebook, Twitter and Instagram.For more stories like this, check our sport page.MORE: Arsene Wenger sends message to Mikel Arteta over Arsenal fearsMORE: How Liverpool target Kylian Mbappe embarrasses PSG team-mates Advertisement Arsenal legend Arsene Wenger sends message to Liverpool as coronavirus threatens Premier League title bid Commentlast_img read more

Cesc Fabregas snubs Chelsea team-mates in his dream five-a-side team

first_imgAdvertisement Cesc Fabregas snubs Chelsea team-mates in his dream five-a-side team Comment Cesc Fabregas picked a star-studded five-a-side team (Picture: Getty)Cesc Fabregas didn’t name a single Chelsea player in his dream five-a-side team from players that he’s played with during his career.The Spaniard’s enjoyed a glittering career that’s been spent at elite European clubs such as Arsenal, Barcelona and Chelsea.Added to that is the hugely successful international career that Fabregas has enjoyed with Spain, where he’s won two European Championships and a World Cup.But some of Fabregas’ best football was played at Stamford Bridge, where he inspired the Blues to the Premier League title in his debut campaign in west London in 2015.AdvertisementAdvertisementADVERTISEMENTHowever, despite playing with the likes of N’Golo Kante, Eden Hazard and Diego Costa, Fabregas didn’t name a single Chelsea player in his dream five-a-side team and packed it instead with Spanish players and Thierry Henry.Speaking to Henry on Instagram Live, Fabregas said: ‘I need a goalkeeper, I’m an offensive coach but I need a goalkeeper. For what we experience together and the big moments we had together I will go with Iker [Casillas].‘He was incredible in big moments. I think Iker in important moments, the moments where it is history, I think I have to go for him. ‘By the way you’re [Henry] up front obviously, you’re in my all-time XI. ‘I would have to have Lionel Messi 100% because I think between you and him we’d score a few goals. Casillas is the player that will save them. Fabregas remains close friends with Messi (Picture: Getty)‘I have to say this is a player that a player in England everyone talks about him now but I played with him when I was 16 years old and it’s David Silva. I always had this understanding with him. There’s players that you never talk about as best in the world but I had special feeling with him. ‘We had a career with Spain growing up and then winning everything together. Iniesta and Silva are the two players that I always felt ‘wow’ I’m enjoying so much in midfield, they can pass and move. They have the intelligence that when I move forward they can drop to get it. You don’t need to be in the same position, you can change because other players are intelligent to fill the hole for you. I love that. ‘Silva and Iniesta have to be there for me. I don’t have any defender but I don’t care. I will have a goalkeeper that can save everything, two magicians in midfield and two GOATS [Greatest Of All Time] up front.MORE: Cesc Fabregas reveals he upset Arsenal star Nwankwo Kanu in very first training session Advertisement Metro Sport ReporterThursday 14 May 2020 9:45 pmShare this article via facebookShare this article via twitterShare this article via messengerShare this with Share this article via emailShare this article via flipboardCopy link2.7kShareslast_img read more

NPFL: Plateau Stay Top as Enyimba Crash in Akure

first_imgFormer Nigeria Professional Football League (NPFL) champions, Enyimba International FC of Aba lost the chance to step up to the summit of the Nigerian topflight wednesday with their first 1-0 defeat of the season to Sunshine Stars in Akure.The Aba Elephant crashed with a thud as Anthony Omaka netted the lone winner of the clash barely 10 minutes into the game. All efforts to cancel the deficit failed as the Akure Gunners held on to pick maximum points at home.Elsewhere in Lafia, Plateau United maintained top spot in the NPFL, snatching a valuable away 1-1 against neighbouring Nasarawa United. Anas Yusuf put the hosts ahead just three minutes into the game but Plateau leveled scores after the break in the 52nd through a powerful nodding by Mustapha Ibrahim from close range.The Jos based United are occupying top spot on the table with 10 points from possible 12.At the Aper Aku Stadium in Makurdi, Lobi Stars moved to second position after a comfortable 3-0 win against Heartland. Abdulwasiu Mahmud, Sikiru Alimi and John Lazarus got Lobi Stars goals.Adeniji Adewole scored deep into stoppage as MFM FC forced Warri Wolves to a 1-1 draw at the Teslim Balogun Stadium, Lagos.Jigawa Golden Stars added to the misery of former champions Kano Pillars who edged out the Sai Masu Gida 1-0 at home. Yusuf Mohammad netted the decisive strike in the seventh minute.Pillars are yet to win a game this season with one draw and three defeats from their opening four games.Akwa United poor start to the season continued after they were held to a 0-0 draw at home by Katsina United. Mfon Udoh missed a penalty for the Promise Keepers 12 minutes from time.The Uyo club are still searching for their first win of the season with two draws and two defeats from four games.At the Yakubu Gowon Stadium in Port Harcourt, Rivers United recorded their first win of the campaign following hard fought a 2-1 win against Rangers. Bamba Bakry put Rivers United ahead from the spot in the 33rd minute , while substitute Ibrahim Olawoyin equalised for the visitors in the 54th minute.Malachi Ohawume however scored the winning goal for the home side 16 minutes from time.Wikki Tourists returned to winning ways after Sunday’s defeat to Plateau United thrashing Delta Force 3-1 at home.MATCHDAY 4 RESULTSWikki 3-1 D/ForceMFM 1-1 WolvesRivers Utd 2-1 RangersAkwa Utd 0-0 Katsina UtdLobi 3-0 HeartlandSunshine Stars 1-0 EnyimbaNasarawa Utd 1-1 Plateau UtdJigawa GS 1-0 PillarsFRIDAYAdamawa Utd vs Abia WarriorsAkwa Starlets vs FCIUShare this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramlast_img read more