FT News Briefing Dash for cash, shutdown debate, Softbank talks
Mar 25, 2020
A surge in emergency funding is reshaping how companies navigate the economic fallout from the pandemic, with over 130 businesses borrowing staggering amounts. Europe grapples with tough choices on whether to keep businesses open or shut down to combat the virus. Meanwhile, SoftBank is in the spotlight as it weighs a potential buyout while responding to pressures for share buybacks and enhanced governance. The interplay between public health and economic stability is palpable as various sectors adapt to unprecedented challenges.
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Corporate Cash Grab
- Companies are drawing from credit lines due to seizing capital markets.
- An FT analysis revealed over 130 companies drew $124B in three weeks.
Economy Reopening Debate
- President Trump suggested reopening the U.S. economy by Easter (April 12th).
- Europe debates similar economic reopening timelines amid the pandemic.
French Economic Approach
- France encourages continued work if safety standards are met, not just for essential industries.
- Some French employers criticize the government's approach due to insufficient safety equipment like masks.