© 2020 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy (Your California Privacy Rights) | CCPA Do Not Sell My Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html.
S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. | EU Data Subject Requests

Source link

The Memorial Day weekend marking the unofficial start of summer in the U.S. meant big crowds at beaches and warnings from authorities Sunday about people disregarding the coronavirus social-distancing rules and risking a resurgence of the scourge that has killed nearly 100,000 Americans.

Meanwhile, the White House broadened its travel ban against countries hard hit by the virus by saying it would deny admission to foreigners who have recently been in Brazil.

Sheriff’s deputies and beach patrols tried to make sure people kept their distance from others as they soaked up the rays on the sand and at parks and other recreation sites around the country.

In the Tampa area along Florida’s Gulf Coast, the crowds were so big that authorities took the extraordinary step of closing parking lots because they were full.

On the Sunday talk shows, Dr. Deborah Birx, coordinator of the White House coronavirus task force, said she was “very concerned” about scenes of people crowding together over the weekend.

“We really want to be clear all the time that social distancing is absolutely critical. And if you can’t social distance and you’re outside, you must wear a mask,” she said on ABC’s “This Week.”

In Missouri, …

The EU flags are seen in front of the Berlaymont, the EU Commission headquarter on May 19, 2020, in Brussels, Belgium.

Thierry Monasse

Tech giants could be forced to pay higher taxes in Europe as governments search for new revenue to deal with the ongoing coronavirus crisis, three experts told CNBC.

Taxing tech firms such as Google, Facebook or Amazon has been a thorny subject in Europe. Countries failed to come up with a joint digital tax in 2019 and deferred the negotiations to the OECD (the Organization for Economic Cooperation and Development). In addition, some nations, such as France, decided to implement their own digital taxes regardless, but their actions sparked a trade spat with the United States.

Different governments are now dealing with the greatest economic crisis since the Great Depression and they will need fresh cash to support their economies. They might look at tech firms for that extra revenue. 

“We see digital goods/services tax conversations advancing most rapidly in Europe, where the scale of ambition to use the EU budget to finance economic recovery from coronavirus may see Brussels taking an increased interest in the attractive potential tax base of e-commerce and digital

With many companies at least temporarily remote, you need to put your best foot forward digitally.

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Leaving service is enough of a sea change on its own, but combine that with a worldwide economic downturn, and vets now have to think more carefully about how they seek and submit for . With many companies at least temporarily remote, and plenty of them considering how to make it work for the long haul, you need to put your best foot forward digitally.

Even if your role will eventually move in-person, there’s a good chance that most of your will start out digitally.

Know How to Repurpose Your Skills

There’s no doubt that the military is a world in and of itself. For many transitioning vets, it can feel like most of your military experience doesn’t match up well with the civilian world. However, it’s not always about the tasks you did, but the skills you leveraged to do those tasks. Even if a civilian employer might not understand the

It’s likely that no sudden crisis in the annals of American capitalism has unleashed greater devastation on any industry than the coronavirus’s blow to U.S. airlines. Start with the 80% to 90% drop in ticket sales, and social distancing precautions that leave middle seats empty and the few planes airborne often half-full. Then add the prospect that companies will sharply curb pricey business travel, and the gigantic accumulation of debt required to buck those many headwinds, and it would be logical to conclude that this critical sector can’t survive in anything like its current form.

“How do you design an industry for 40% of the traffic it was getting the year before—and that’s the best-case scenario for 2020?” says Joe Brancatelli, publisher of the business travel site JoeSentMe.com. “We could be facing a wave of bankruptcies or even reregulation. The new normal is impossible to predict.”

Brancatelli’s warning is well aimed. If the lockdown extends far longer than expected, or fear of packed planes prompts Americans to shun air travel well into the future, it’s possible that only government intervention can save the industry. In that case, the airlines would operate as public utilities, where U.S. agencies set prices ensuring …

It’s hard to think of any CEO better qualified to offer guidance on how to navigate the pandemic economy, and prepare to sprint in the recovery, than Frank Bisignano. The newly named CEO of Fiserv, the fintech and payments processing giant, made his mark steering businesses through the most jarring upheavals of the past two decades. And in between the cataclysms, he was busy clinching deals while enduring chemotherapy and reviving laggards that looked too broken to be fixed.

Bisignano fought on the front lines through 9/11, the Great Recession, and the pandemic, and faced three other daunting challenges: battling throat cancer; rescuing a failing backwater at Citigroup that he transformed into one of the bank’s top money-spinners; and reviving a struggling also-ran, the payments processor First Data. After the first tower fell on Sept. 11, 2011, Bisignano led a parade of Citigroup troops located near the World Trade Center to safety in Midtown Manhattan. During the financial crisis, he worked alongside his mentor Jamie Dimon to salvage the wreckage of Bear Stearns, then waded into the mortgage flood by spearheading damage control on the subprime-laden portfolio inherited from Washington Mutual.

Last July, he sold a thoroughly reinvented First