UK deals ‘devastating blow’ to travel industry with French quarantine

Efforts to restart Europe’s mammoth travel and tourism sector have suffered another major setback, after the UK government added the world’s most visited country to its quarantine list. Travelers arriving from France will have to quarantine for 14 days starting on Saturday, according to the latest guidance from the UK Department of Transport, which was…MORE

Outdoor Retailer REI to sell sprawling new and unused headquarters to shift to remote work

It’s the beginning of the end for office culture. Outdoor retailer REI is selling its newly completed — and currently unused — 8-acre corporate campus in Bellevue, Washington, instead shifting to a “less centralized approach to its headquarters presence in the Seattle area.” “The dramatic events of 2020 have challenged us to reexamine and rethink…MORE

Why Meghan Markle wanted to interview The 19th*’s Emily Ramshaw

One of Meghan Markle’s first public appearances since stepping back from the British royal family in January will be as an interviewer. In effect Her Royal Highness the Duchess of Sussex will be giving a stamp of approval to The 19th*, the new nonprofit newsroom that covers the intersection of women and politics. On Friday,…MORE

3 warnings on travel that point to a slow economic recovery

The biggest question facing investors is how quickly the global economy can recover from the coronavirus pandemic. Longer than expected may be the answer, if new data and forecasts from the travel and energy sectors are any indication. (For the latest on America’s recovery, check out our dashboard here.) First, energy: The International Energy Agency…MORE

AMC is reopening its theaters next week with 15-cent tickets

AMC is finally reopening its theaters, and guests will need to spend just 15 cents to get in. The world’s largest movie theater chain will reopen more than 100 US theaters on August 20, the company said on Thursday. In order to commemorate its centennial, AMC is offering “movies in 2020 at 1920 prices” on…MORE

First-time jobless claims fall below 1 million for the first time since March

Another 963,000 Americans filed for regular first-time unemployment benefits last week on a seasonally adjusted basis — the first time in five months that number has dipped below 1 million, the Department of Labor said Thursday. It was the lowest number of weekly initial claims since mid-March, when the pandemic shut down the US economy.…MORE

Burger merger: Fatburger owner is buying Johnny Rockets for $25 million

Burger lovers, rejoice: FAT Brands, the owner of Fatburger, is buying the 1950s diner-themed chain Johnny Rockets for $25 million. Like much of the restaurant industry, FAT Brands has been hit hard by the Covid-19 pandemic: The company said last week that sales for the second quarter plunged nearly 50%, and its stock was down…MORE

Without college football, sports networks will have to fill a whole lot of airtime

College football doesn’t draw the same ratings as the behemoth NFL. But the sheer volume of college games — which fill sports networks every Saturday — means a potential cancellation or postponement blows a huge hole into the fall TV calendar. Two major NCAA conferences, the Big Ten and Pac-12, announced this week that they…MORE


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