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Business

Takeovers: a tidal wave of buyouts is coming in 2021 – here’s what it means

The famous jeweller Tiffany & Co has just sold for a cut-price bid. Grzegorz Czapski Karl Schmedders, International Institute for Management Development (IMD) and Patrick Reinmoeller, International Institute for Management Development (IMD) Luxury goods giant LVMH has completed its US$15.8 billion (£11.6 billion) mega-deal to buy famous American jeweller Tiffany & Co. LVMH, which owns Louis Vuitton, originally agreed to …

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Will coronavirus be the turning point for globalisation?

Shutterstock Steve Schifferes, City, University of London There is a widespread belief that nothing will ever be the same after the coronavirus pandemic, with society, the role of government and the economy changing forever. Some predict we will see a society that shows more solidarity and a new economic model that works for all, and perhaps a greater spirit of …

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After COVID we may never think about hotels in the same way again

Daniel Laufer, Te Herenga Waka — Victoria University of Wellington In Australia, New Zealand and around the world, COVID has turned luxury and semi-luxury hotels into quarantine facilities. Among the four and five-star hotels reported as having been used for temporary detention are Sydney’s Intercontinental, Marriott, Hyatt Regency, Sheraton Grand, Sofitel Wentworth and Novotel Darling Harbour; Auckland’s Rydges, Crowne Plaza, …

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World economy in 2021: here’s who will win and who will lose

Xi Jinping, the Chinese president. China’s economy is now showing strong growth. Shutterstock Steve Schifferes, City, University of London The coronavirus has crippled the world economy. Global GDP suffered its sharpest drop since the end of the second world war in 2020, millions were unemployed or furloughed, and governments pumped trillions of dollars into their economies to prevent greater damage. …

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How the pandemic will shape the workplace trends of 2021

Remote working became the new normal in 2020. Elenabsl/Shutterstock Dave Cook, UCL The economist John Maynard Keynes predicted in 1930 that the amount we work would gradually shrink to as little as 15 hours a week as technology made us more productive. Not only did this not happen, but we also began to spend extra time away from home due …

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Sustainable cities after COVID-19: are Barcelona-style green zones the answer?

Part of Barcelona’s Eixample district. marchello74/Shutterstock Anupam Nanda, University of Manchester The lockdowns and restrictions introduced to control the spread of COVID-19 have resulted in huge changes to urban life. Previously bustling city centres remain empty, shunned in favour of suburban or rural areas where social distancing is easier and connections to the outdoors are abundant. Read more: Coronavirus could …

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Don’t say goodbye to Zoom yet: most people want to get back to the office, but not for the full week

Can we say goodbye to Zoom yet? Not quite. Gabriel Benois/unsplash, FAL Abigail Marks, Newcastle University; Lila Skountridaki, University of Edinburgh, and Oliver Mallett, University of Stirling As more and more good news about vaccines has come pouring in, Zoom has watched its shares tumble. Contrary to nervous markets, however, we believe video conferencing and remote working are here to …

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NIO: what China’s star electric car maker can learn from Tesla

Could China become the world leader in electric vehicles? xujun/shutterstock Tom Stacey, Anglia Ruskin University Tesla is about to make Elon Musk the third richest man in the world, after it was added to the S&P 500 index, causing shares in the company to rise by 13%. But Tesla isn’t the only electric car company seeing its stocks surge dramatically …

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It’s not just you – work during COVID has become much harder

As if work wasn’t taxing enough, now we had to manage family simultaneously. Charles Deluvio/unsplash Eva Selenko, Loughborough University The pandemic has seriously altered how we work. According to statistics published by the International Labour Organization (ILO) in September 2020, US$35 trillion (£26 trillion) has been lost globally in labour income. There has also been an estimated loss of 17% …

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