FT News Briefing

UK airlines seek government aid, WeWork rent, renewable energy defies market turmoil

May 11, 2020
UK airlines are calling for urgent government support as new quarantine measures threaten their survival. Meanwhile, U.S. businesses are navigating complex legal questions about paying employees for health checks. WeWork is making waves by skipping rent payments and renegotiating leases, impacting the commercial mortgage market. Interestingly, the renewable energy sector continues to thrive, setting records and striking deals even amid the chaos of the pandemic, showcasing its resilience and potential for growth.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Airline Quarantine Impact

  • UK airlines requested government support after Boris Johnson announced a 14-day quarantine for air travelers.
  • They fear this measure, combined with low demand, will threaten their businesses.
INSIGHT

US Business Reopening Challenges

  • Reopening US businesses face legal uncertainty regarding paid time for employee health checks.
  • There's no precedent for whether temperature checks and questionnaires constitute compensable work time.
INSIGHT

WeWork's Impact on CMBS

  • WeWork's rent issues affect the commercial mortgage market, particularly CMBS (Commercial Mortgage-Backed Securities).
  • WeWork skipping rent and renegotiating leases impacts CMBS deals relying on that income.
Get the Snipd Podcast app to discover more snips from this episode
Get the app