Corporate Corner

31 March, 2020 12:00 AM printer

Corporate Corner

People walk past the Ritz hotel in central London. The London Ritz, a famous luxury hotel, was sold to an investor in Qatar by the wealthy Barclay brothers who are tearing themselves apart around this sale, for close to £800 million. The sale was announced by the British law firm Macfarlanes, which advised the Qatari investor, whose name has not been released.


Volunteers from City harvest distribute food in Harlem recently in New York City. With tens of thousands of New Yorkers out of work due to the epidemic, New York food banks are facing an influx of newcomers who never before would have needed them.


A worker wears protective clothing as a preventive measure against the COVID-19 coronavirus as he monitors customers at the entrance of a supermarket in Beijing on Monday. China's central bank on March 30 cut an interest rate on loans to banks by the largest margin in five years and injected 7 billion USD into the financial system to help the world's second-largest economy weather the coronavirus impact.


This photograph taken recently shows people buying vegetables at a market in Singapore. Singapore's central bank eased monetary policy on Monday as the city-state, seen as a bellwether for the health of global trade, heads for a deep recession due to the coronavirus pandemic.