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Coronavirus sees Champagne producers suffer more than during Great Depression – ABC News

Producers in France’s Champagne region say they’ve lost an estimated 1.7 billion euros in sales for this year and do not see how the market can recover without a vaccine.

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Producers in France’s eastern Champagne region, headquarters of the global industry, say they have lost an estimated 1.7 billion euros ($2.8 billion) in sales for this year, as turnover fell by a third a hammering unmatched in living memory and worse than the Great Depression.
Key points:

  • Champagne producers say coronavirus presents a greater crisis than the Great Depression
  • Pressure on the industry is predicted to last several years as the world waits for a vaccine
  • As …

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Victoria’s shutdown threatens critical deliveries – The Australian Financial Review

Critical deliveries of food, medicines and school supplies are at risk as a midnight lockdown of distribution centres, required by Victoria’s virus shutdown, threatened to disrupt supply lines and parcel deliveries.

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“It’s like the Suez Canal coming down a drainpipe,” she said.
“We’ve had every major customer calling saying ‘you are going to give us capacity aren’t you?'” Ms Holgate said.
“Your big customers like your Kogans, your Officeworks, your Cotton Ons, all Melbourne-based, and 23,000 small businesses came online in the COVID quarter – April, May, June,” she said.
As Victoria recorded 450 new cases and another 11 deaths on Friday, Victorian Premier Daniel Andrews came under pressure from Prime Mini…

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Forget gold and Bitcoin. I’d buy crashing stocks right now – Motley Fool Australia

Crashing stocks could offer lower risk and higher long-term returns than other popular assets such as gold and Bitcoin in my opinion.

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Crashing stocks and an uncertain economic outlook are likely to dissuade many investors from taking risks at the present time. That’s a natural response to what is set to be the most challenging period for the economy in many years, which could prompt a period of weak global growth and a prolonged recession.
Despite this, undervalued stocks can offer long-term growth potential as the world economy recovers. They may also provide greater diversity, and lower risks, than focusing your capital on …

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Coronavirus Victoria: Bunnings commits to pay affected workers’ wages – NEWS.com.au

Coronavirus Victoria: Bunnings commits to pay affected workers’ wages

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Aussie hardware giant Bunnings has committed to paying all its permanent employees affected by Victorias Stage Four lockdowns their full wages.The retailer will retain all its staff despite Metropolitan Melbourne being under coronavirus restrictions that mean only tradies and industry partners can enter the store. In Metropolitan Melbourne, Bunnings is still operating to the public through no-touch ‘Click & Deliver’ or ‘Drive & Collect’ services.
Bunnings said in a statement its casual …

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