“We need a joint special effort to cope with the crisis… but somebody will have to pay”
Exclusive interview: Former ECB president Jean-Claude Trichet presided over Europe’s monetary response to the previous crisis. As the Covid-19 crisis escalates, he praises the current ECB’s fast initial response – while sticking to his long-held position that the mounting debt will have to be repaid.
FBD will be stressed but, if it can just cover its cash needs this year, it looks like it’ll ride it out
FBD has faced backlash from customers who feel they have been cast adrift over coronavirus cover. Meanwhile, its cash reserves are likely to get stressed this year and its financial assets are down between 5 and 10 per cent. What does the future hold for FBD?
“Catastrophic impact”: anatomy of Usit’s lightning-fast insolvency
One month ago, directors of the historic student travel agency met to sign off on a promising set of accounts. Last week, they agreed to wind up the company. The downfall reveals the devastation being caused by Covid-19 in the travel sector.
Caveat emptor: Inside the battle between industry and insurance over Covid-19 cover
As insurers battle with industry over business interruption cover, the state has been left to effectively subsidise both through emergency wage cover. However, concerns are growing about the capacity of some insurers to weather this crisis.
Pete Smyth: “We have a crisis. Here are 10 ways to help navigate it”
The scale of disruption arising from the Covid-19 pandemic can be overwhelming. Yet a number of common steps applicable across industries can help business leaders ground their response in fact, steer their teams through it – and make the most of opportunities arising at the other end.