Stanley Pignol, The Economist's European business and finance correspondent, discusses corporate payouts in the pandemic era. He critiques companies for prioritizing dividends over employee support during economic downturns. The impact of COVID-19 on wildlife is also explored, revealing how lockdowns led animals to reclaim urban spaces. Pignol highlights ongoing environmental issues, notably the severe coral bleaching affecting the Great Barrier Reef, emphasizing the interconnectedness of corporate practices and climate challenges.
Even before the pandemic, companies were accused of returning too much money to shareholders. As a recession looms, dividends and share buy-backs should be cut—but not everywhere. Coral bleaching on the Great Barrier Reef is more widespread than ever, and each event makes a full recovery less likely. And the animals are out to play as humans are locked away.
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