• Leadership

    The U.K. lifted border controls just as COVID took off. Lawmakers call this ‘a serious error’

    Our mission to help you navigate the new normal is fueled by subscribers. To enjoy unlimited access to our journalism, subscribe today. The British government has pushed back against lawmakers who, in a damning cross-party report, accused it of dithering over border controls as the COVID-19 pandemic gathered steam in March—dooming thousands of people to infection as a result. The U.K. only instituted strict entry controls in early June, when it started requiring everyone arriving in the country to self-isolate for two weeks or face fines. This was nearly three months after many other countries introduced controls requiring quarantine or at least health screening on arrival. The country had imposed some…

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  • Start Up

    Streetwear Culture Goes to the Dogs

    August 4, 2020 6 min read In this ongoing series, we are sharing advice, tips and insights from real entrepreneurs who are out there doing business battle on a daily basis. (Answers have been edited and condensed for clarity.) Who are you and what’s your business?  My name is Christopher Cargnoni and I’m the founder of Fresh Pawz, a pet brand dedicated to the streetwear culture.  What inspired you to create this product?   In 2017 I noticed younger and younger people walking around with dogs of their own. While I wasn’t yet ready to take on the responsibility of having my own dog back then, the family dogs I grew up with were a big…

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  • News

    Microsoft has one year to transfer TikTok’s code to the U.S.

    Microsoft plans to finish its acquisition talks with TikTok within the next three weeks, ahead of the Sept. 15 deadline,  CNBC’s David Faber reported Wednesday. The deal could be worth up to $30 billion. If the deal goes through, Microsoft has already agreed with the U.S. government to bring TikTok’s code from China to the U.S. within one year. Faber also reported that the two sides haven’t landed on a price for TikTok yet, but it could be between $10 billion and $30 billion. Treasury Secretary Steve Mnuchin is “deeply involved” in process, according to Faber. President Donald Trump has said that the U.S. Treasury should get a cut of…

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  • Leadership

    What the Beirut blast tells us about fragility and risk

    This is the web version of CEO Daily. To get it delivered to your inbox, sign up here. Good morning. David Meyer here in Berlin, filling in for Alan. Like many people, I spent much of yesterday evening and this morning slack-jawed at footage of the devastation in Beirut, caused by a monumental explosion at the Lebanese capital’s port. Early indications are that 2,750 metric tons of poorly-secured ammonium nitrate, which had been sitting in a warehouse for six years, somehow ignited. At the time of writing, the death toll is at least 100–given how the blast flattened a wide area around the port (and carved a sizeable chunk out of…

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  • Finance

    Will Washington reach a deal on a new stimulus spending package? The markets are pricing it in

    This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the markets. Sign up to receive it in your inbox here. Good morning. Global equities are climbing, as are U.S. futures, on optimism Washington will cinch a deal on a new stimulus package. Let’s see where investors are putting their money. Markets update Asia The major Asia indexes are mixed with the Hang Seng leading the way, up 0.6{4bae5313c1ffa697ce99995897f7847f1ebf3bca0fb7c37396bb602eb24323d3}. This won’t go over well in Washington: China so far is not living up to its end of the bargain on the Phase One trade deal. It’s committed to purchase $25.3 billion worth of U.S. energy this year,…

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