The subsequent head of the World Commerce Group wants latest expertise of steering through the coronavirus pandemic, argues Yoo Myung-hee, South Korea’s candidate to go the physique. She is one among eight contenders to succeed the Brazilian Roberto Azevêdo as WTO director-general.
South Africa’s president Cyril Ramaphosa is going through increased pressure to speed up reforms of the ability and telecoms sectors within the continent’s most industrialised financial system after the pandemic erased greater than a decade of fragile progress. Gross home product within the second quarter fell nearly a fifth yr on yr.
As executives within the $600bn reinsurance trade log on to video calls this weekend, they may be forgiven for considering wistfully about Monaco. They need to have been gathering within the glitz of the principality on the French coast, however the pandemic has put the way forward for the annual Rendez-Vous de Septembre in jeopardy.
In Scoreboard, the return of the US Nationwide Soccer League begins the clock ticking on an important renegotiation of its $5bn media rights offers, surprise concerning the true worth of English Premier League golf equipment following Leeds United’s promotion and clarify the rationale behind David Beckham’s wager on an esports workforce.
UK vogue retailer New Look is ready for another clash with its landlords subsequent week because it prepares to ask for additional large cuts in rents with a warning that it may go bust with out them. The corporate has nearly 500 shops and employs greater than 12,000 individuals.
Gilead Sciences — within the highlight for remdesivir, a drugs that acquired emergency approval for treating Covid-19 — is close to buying Immunomedics for $20bn, because the pharmaceutical group tries to outbid rivals competing to snap up the most cancers drug developer. Gilead’s supply is near double Immunomedics’ worth.
Gojek and Seize, south-east Asia’s greatest start-ups, have resumed talks on a merger on the behest of shareholders together with SoftBank, after the Japanese group’s founder Masayoshi Son threw his weight behind a deal. The discussions restart because the lossmaking rivals haemorrhage cash on account of Covid-19 restrictions.
The College of Oxford and AstraZeneca are to resume the worldwide medical trial of their proposed coronavirus vaccine candidate. Hypothesis that there may be a big delay within the much-watched research seems to have been unjustified. The trial was paused final Sunday when a participant fell sick within the UK.