The U.K.’s lockdown is making the country’s electricity grid greener—for good

The U.K.’s lockdown is making the country’s electricity grid greener—for good

As the U.K. went into nationwide lockdown this spring, the words “unprecedented” were trotted out to explain everything from pubs being closed to national clap-alongs for health care workers. But for the National Grid, the country’s electricity operator, “unprecedented” meant blowing through one record after another, often years ahead of schedule: max solar capacity in […]

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The new PPP loan forgiveness application is causing lots of confusion. Here’s what to know so far

The new PPP loan forgiveness application is causing lots of confusion. Here’s what to know so far

Small businesses have waited—and waited. On Friday, the Small Business Administration and the Treasury finally released the PPP forgiveness application, an 11-page document with details that answered, and stirred, questions for small businesses and the CPAs and lawyers advising them. “We at least have a worksheet, if you will, to start the process,” notes Eric […]

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‘Unacceptable:’ A new France-U.S. spat erupts over Sanofi’s coronavirus vaccine plans

‘Unacceptable:’ A new France-U.S. spat erupts over Sanofi’s coronavirus vaccine plans

Sanofi Chief Executive Officer Paul Hudson’s suggestion that the U.S. may get the French drugmaker’s coronavirus vaccine first sparked outrage in France, with one government minister calling the prospect “unacceptable.” “For us, it would be unacceptable that there be privileged access for this or that country on a pretext that would be a financial pretext,” […]

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Neiman Marcus may file for bankruptcy, but either way, it needs to get slimmer

Neiman Marcus may file for bankruptcy, but either way, it needs to get slimmer

It looks like selling plenty of Alexander McQueen dresses for $13,500 and Kiton men’s biker jackets for $10,795 won’t be enough to spare Neiman Marcus from seeking bankruptcy protection. The iconic 113-year-old retailer—which has struggled for years and is now pushed to the edge by the pandemic forcing its stores to close indefinitely—is reportedly close […]

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Fortune poll: As businesses adapt to remote work, tech isn’t their biggest problem

Fortune poll: As businesses adapt to remote work, tech isn’t their biggest problem

Most businesses were well prepared for their employees to work-from-home en masse, a new survey shows. As states enacted stay-at-home orders and business closures to slow down the spread of the virus in mid-March, a Fortune-Adobe CIO Survey asked 200 chief information officers about this transition to remote working. Turns out companies were confident in […]

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How ‘Mrs. America’ designers revived a ’70s feminist showdown

How ‘Mrs. America’ designers revived a ’70s feminist showdown

Depicting the blue state–red state divide about half a century early, FX on Hulu drama Mrs. America, which premieres Wednesday, shows how a conservative Illinois housewife named Phyllis Schlafly (Cate Blanchett) fought ratification of the Equal Rights Amendment championed by New York feminists including Ms. magazine founder Gloria Steinem (Rose Byrne), politician Bella Abzug (Margo […]

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Everything you need to know about ‘mortgage forbearance’ and skipping mortgage payments during the pandemic

Everything you need to know about ‘mortgage forbearance’ and skipping mortgage payments during the pandemic

Subscribe to Outbreak, a daily roundup of stories on the coronavirus pandemic and its impact on global business, delivered free to your inbox. Yet another feature of the federal government’s coronavirus stimulus package is struggling to work as intended. This time, it’s the Coronavirus Aid, Relief, and Economic Security (CARES) Act’s provisions around mortgage forbearance. […]

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Don’t expect an easy flight refund for your canceled trip during the coronavirus pandemic

Don’t expect an easy flight refund for your canceled trip during the coronavirus pandemic

Subscribe to Outbreak, a daily roundup of stories on the coronavirus pandemic and its impact on global business, delivered free to your inbox. Airlines grappling with their biggest peacetime crisis face a European Union legal headache after offering customers vouchers instead of immediate refunds for flights canceled amid the COVID-19 pandemic. Consumer groups say the […]

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