Starbucks sees $3.2 billion coronavirus hit\, expands new ‘pickup’ cafe format

Starbucks sees $3.2 billion coronavirus hit, expands new ‘pickup’ cafe format

Seattle Times Wednesday, 10 June 2020 ()
Starbucks expects the coronavirus pandemic to reduce sales this quarter by as much as $3.2 billion, dragging down the coffee chain’s performance as it sees a recovery stretching into next year. The Seattle-based company, which like other restaurants has had a difficult time offering guidance, said Wednesday it expects to report an adjusted loss of […]
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News video: BP to slash 10,000 jobs due to coronavirus

BP to slash 10,000 jobs due to coronavirus 00:30

 The boss of UK oil giant BP has told staff it plans to cut 10,000 jobs from its global workforce just weeks after increasing the dividend it pays to shareholders. The company said the move will “significantly impact senior levels” of management in the business, with its top leadership roles to be...