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Investment bank reminds us of a bigger threat than COVID-19 – Wealth Professional

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The group’s director of finance sector strategies, Wolfgang Kuhn, welcomed the upcoming vote at Barclays.

“Voting for both these resolutions will cement the bank’s new high-level climate commitment while at the same time insisting on the near-term ambition needed to deliver the results everyone wants. A climate strategy cannot be considered complete without recognising that transition necessarily means phase-out when it comes to fossil fuels, particularly the highest carbon fuels where Barclays has significant exposure,” he said.

Asset managers
Earlier this month, ShareAction said that six of the world’s largest asset managers – BlackRock, Vanguard, State Street, Fidelity Investments, Capital Group, and JP Morgan Asset Management – are the worst performers in terms of the ecological and social harms of their investments.

Although the group’s study is based on October 2019 data and therefore does not include action taken since, including BlackRock’s pledge to scrap investments in companies that have high sustainability-related risk.

“ShareAction’s most ambitious study yet reveals who is really walking the talk on environmental and social issues, and who is dragging their feet in the asset management space. While many in the industry are eager to promote their ESG credentials, our analysis clearly indicates that few of the world’s largest asset managers can lay claim to having a truly sustainable approach across all their investments,” said Felix Nagrawala, ShareAction senior analyst.

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The best investment every digital brand can make during the COVID-19 pandemic – TechCrunch

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Intuitively, stores that sell online should be making a killing during the COVID-19 pandemic. After all, everyone is stuck at home — and understandably more willing to shop online instead of at a traditional retailer to avoid putting themselves and others at medical risk. But the truth is, most smaller online stores have seen better days.

The primary challenge is that smaller shops often don’t have the logistics networks that companies like Amazon do. Consequently, they’re seeing substantially delayed delivery timelines, especially if they ship internationally. Customers obviously aren’t thrilled about that reality. And in many cases, they’re requesting refunds at a staggering rate.

I saw this play out firsthand in April. At that point, my stores were down 20% or in some cases even 30% in revenue. Needless to say, my team was freaking out. But there’s one thing we did that helped us increase our revenue over 200% since the pandemic, decrease refund requests and even strengthen our existing customer relationships.

We implemented a 24-hour live chat in all of our stores. Here’s why it worked for us and why every digital brand should be doing it too.

Avoid the common ‘unreachability’ frustration

When I started my first online store in 2006, challenges that bogged my team down often meant that my team’s first priority became resolving those challenges so that we could serve our customers faster. But admittedly, when these challenges came up, it became more difficult to balance communicating with our customers and resolving the issues that prevented us from fulfilling their orders quickly.

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COVID-19's Impact on Telecoms Worldwide, 2020 – Macro Level Impact, CapEx Investment, Supply Chain, Enterprise Demand, Green Shoots – GlobeNewswire

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Dublin, May 29, 2020 (GLOBE NEWSWIRE) — The “Impact of COVID-19 on Telecoms” report has been added to ResearchAndMarkets.com’s offering.

COVID-19 has massively disrupted businesses in a short period of time. The lost economic output measured in GDP worldwide could be as high as USD 12 Trillion

China was the first country affected and industrial production fell 13.5% in the first two months of the year according to China National Bureau of Statistics. The United States just passed a $2.2 Trillion relief bill. Unemployment claims filed in the U.S. for the week ending March 20, 2019 were 3.3 Million, four times the worst weekly data reported in the 2009 financial collapse.

The world’s economy could grow at its slowest rate since 2009 this year due to the coronavirus outbreak, according to the Organization for Economic Cooperation and Development (OECD). However, we should recognize that the events that led to this differ dramatically from 2009. COVID-19 is akin to the Spanish Flu but the economy today is more globally connected unlike 1917.

Current OECD estimates for global growth are 1.5%. The speed of COVID-19 has created an urgency for policy makers to act quickly to protect the public and avoid overwhelming hospitals. Business leaders will be equally challenged to quickly prepare for business interruption. This includes rapid changes in workforce logistics to encourage physical distancing, consumer demand shock, and supply chain disruptions.

Expect both forecasted GDP and CAPEX models to be frequently revised downward based on:

  • The infection rates of COVID-19 and ability of governments to bend the curve
  • Extent and duration of governments to lift lockdowns around the world
  • The effectiveness of governments in financially backing the key segments of the economy most impacted by extreme falloff in demand imposed by government shut down orders

The publisher believes that there will be changes to the communications industry, as a result of COVID-19.

Face to face meetings, conferences and office workspaces will not disappear. However, COVID-19 will accelerate trends in remote/distributed work, virtual meetings and electronic collaboration. In essence, electronic collaboration will substitute for some of the spending historically in travel and hospitality. As a result, the shift toward widely available broadband, the shift of enterprise workloads to cloud and SaaS and the importance of broadband wireless (5G) will gain extra importance. The publisher thinks we will see a shift of 5-10% of people will change their behaviour to primarily work remotely. Predominantly this will be about a change in management behaviour and the development of trust of in distributed working.

The telecommunication sector will be moderately impacted by COVID-19.

Some CSPs will increase capital spending to support increases in broadband access driven by consumer demand. Data collected by Nokia Deepfield demonstrates that the network has held up far better under this enormous shift in traffic origination than might have been expected. However, this explosion in bandwidth demand has exhausted the overhead built into the network to guarantee reliability.

The post COVID-19 era will fundamentally change work force behavior.

More employers will enact policies to encourage remote work practices in the future. Some suppliers will experience supply chain disruptions, but we think for the most part this will not be serious. Most suppliers implemented risk mitigation strategies ahead of COVID-19 to gain more control of key components related to infrastructure equipment.

In this short primer, the publisher attempts to set the scene for how the disruption from COVID-19 will impact telecoms. We recognize that at this time everybody’s focus should be on keeping healthy, acting on clear factual information and ensuring that we have the basics of life. Telecoms will, for now, be a key enabler/foundation for all three of these. However, in the long term the current emergency is both a challenge and an opportunity to our industry. Our intent in producing this paper is to allow us to rise to the challenges and to maximize the opportunities.

Key Topics Covered

1. EXECUTIVE SUMMARY

2. MACRO LEVEL IMPACT

3. CAPEX INVESTMENT

  • Access
  • Policy and QoS in the Access Network
  • Last Mile Investment
  • Core
  • Edge
  • 5G

4. SUPPLY CHAIN

5. ENTERPRISE DEMAND

6. GREEN SHOOTS

  • Working from Home (WFH)
  • Health Monitoring

7. SUMMARY

Companies Mentioned

  • BT
  • Netflix
  • Nokia
  • Telstra
  • Verizon
  • Zoom

For more information about this report visit https://www.researchandmarkets.com/r/k6y9tf

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

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RioCan Real Estate Investment Trust Schedules Date of Second Quarter 2020 Earnings Release, Conference Call and Webcast – GlobeNewswire

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TORONTO, May 29, 2020 (GLOBE NEWSWIRE) — RioCan Real Estate Investment Trust (“RioCan”) (TSX:  REI.UN) today announced that it is scheduled to release its financial results for the three and six months ended June 30, 2020 before the market opens on Wednesday, July 29, 2020.

Interested parties are invited to participate in a conference call with management on Wednesday, July 29, 2020 at 10:00 a.m. Eastern time. You will be required to identify yourself and the organization on whose behalf you are participating.

In order to participate, please dial 647-427-3230 or 1-877-486-4304. If you cannot participate in the live mode, a replay will be available for a month following the date of the live conference call. To access the replay, please dial 1-855-859-2056 and enter the passcode 5081147#.

Alternatively, to access the simultaneous webcast, go to the following link on RioCan’s website http://investor.riocan.com/investor-relations/events-and-presentations/ and click on the link for the webcast.

About RioCan

RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at March 31, 2020, our portfolio is comprised of 222 properties with an aggregate net leasable area of approximately 38.6 million square feet (at RioCan’s interest) including office, residential rental and 16 development properties. To learn more about us, please visit www.riocan.com.

For further information contact:

RioCan Real Estate Investment Trust
Kim Lee
Vice President, Investor Relations
416-646-8326

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