Day: May 5, 2020

Starbucks to Reopen 85% of U.S. Stores This Week; Fitch Cuts Rating to BBB

Starbucks Corp. (SBUX) said it will reopen 85% of its U.S. stores by the end of this week after seven weeks of home-sheltering orders put in place to contain the spread of the coronavirus pandemic.

By early June, the U.S. coffee chain expects more than 90% of its stores to be open under modified operations and hours. On March 22, Starbucks had shut down its U.S. and Canadian cafes due to the coronavirus-related lockdown regulations.

“We have embraced an approach of monitoring, rapidly adapting to, and even shaping, the “now normal”, Starbucks CEO Kevin Johnson wrote in a

Coronavirus: People in India, Japan most nervous about reopening lockdown

In only two countries (Germany, Italy) are the majority not “very nervous” about leaving their homes.

As governments around the world weigh the pros and cons of reopening their economies before the novel coronavirus has been contained or cured, individual populations are debating how confident they are leaving their lockdowns.

Data from an Ipsos survey of 14 countries indicate that only in four countries (China, India, Italy, Russia) does a majority favor restarting the economy with Covid-19 still uncontained; icoronavirus, coronavirus pandemic, coronavirus outbreak, coronavirus in India, coronavirus lockdown, coronavirus lockdown lift, coronavirus study

Curiously, the majority of those who

Liquor gets 70% costlier overnight; alcohol lovers’ money will now aid govt’s fight against COVID-19

Just a day after the central government announced easing of restrictions on the sale of alcohol across the country, the Delhi government issued a notification increasing rates of alcohol.

Delhi government has imposed a 70% ‘special coronavirus fees’ on the sale of liquor on the maximum retail price starting May 5. Just a day after the central government announced easing of restrictions on the sale of alcohol across the country, the Delhi government issued a notification that “all categories of liquor sold through retail licensees for consumption ‘off’ the premises” will attract a 70% levy. So, for every Rs 100