• Business leaders from the engagement group Business Twenty (B20) have called for urgent reforms to be made if the global economy is to recover from its worst crisis in a century due to the coronavirus pandemic.
  • “The global economy is in its worst state in a century,” warned Yousef Al-Benyan, chairman of the B20. 
  • B20 proposed 25 recommendations for the G-20 group that fall into three key areas, including empowering people, safeguarding the planet and shaping new frontiers.
  • Visit Business Insider’s homepage for more stories.

Top business leaders around the world say the global economy is experiencing its worst crisis in one hundred years and have called for urgent reforms to be implemented in the G-20 summit hosted by Saudi Arabia in November.

The Business Twenty (B20), an engagement group of high-level CEOs worldwide seeking to represent the business community, put forward 25 policy recommendations on Monday for the meeting

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The MarketWatch News Department was not involved in the creation of this content.

WILLIAMSVILLE, N.Y., Sep 24, 2020 (GLOBE NEWSWIRE via COMTEX) —
22nd Century Group, Inc. (NYSE American: XXII) (“22nd Century” or “the Company”), a leading plant-based, life science company driven by next generation biotechnology, today provided a strategy update letter from Chief Executive Officer, James A. Mish.

When I first spoke with you during our 2020 second quarter earnings call, I had been CEO of 22nd Century for only three weeks and was still evaluating the strategic ambition, opportunities, and direction of our Company. Now, as my 100-day milepost approaches, I am writing to provide you with an update on how the 22nd Century leadership team is working very hard to capitalize on near-term milestones as well as on exciting medium and long-term opportunities to increase shareholder value.

On top of everyone’s mind is the Company’s historic Modified

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  • In her new book “The Lonely Century”, economist Noreena Hertz explores the relationship between loneliness, the rise of right-wing populism, and the growing demand for robot companions. 
  • Praised by Black Mirror creator Charlie Brooker as “fascinating, timely, and important”, Hertz spent two years working on her new book before being forced to complete it under lockdown. 
  • “It was quite an experience to spend two years writing about isolation, only for everyone to suddenly be forced to stay at home,” Hertz told Business Insider. 
  • Visit Business Insider’s homepage for more stories.

Speaking down the line from her north London home in Primrose Hill, it’s not immediately clear if lockdown affected Noreena Hertz much at all.

“I’d effectively been in self-isolation for two years already,” she says. “I really do tend to shut the world out when I’m writing.”

Once dubbed “one of the most inspiring women in the world” by Vogue,

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LAS VEGAS, Sept. 16, 2020 /PRNewswire/ — Century Communities, Inc. (NYSE: CCS), a top 10 national homebuilder, recently acquired the remaining 400+ acres of the 1,700-acre Skye Canyon development in Las Vegas, which ranks as the 22nd top-selling master-planned community in the country based on new home sales. The acquisition makes Century Communities Skye Canyon’s master developer. Century Communities has a successful track record of overseeing the build-out of several master-planned communities in the region, such as Tuscany Village in Henderson and Rhodes Ranch in southwest Las Vegas. Since the acquisition, Century Communities has already begun construction on what will eventually be 2,500 additional homes for new and existing Skye Canyon communities, including three communities slated to open in 2021, and three actively selling communities: Aspen, Madera and Northglenn.

Explore Skye Canyon homes and amenities at https://skyecanyon.com.

“Century Communities has been at Skye Canyon

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Century 21 Department Stores LLC grabbed headlines last week when it confirmed plans to close all 13 of its stores and liquidate assets as part of a chapter 11 process.

In doing so, the New York-based company became just the latest in a string of major retailers to file for bankruptcy in 2020 — a year where virtually every type of brick-and-mortar business suffered due to the coronavirus pandemic.

But not all stores have to close due to bankruptcy. J.C. Penney Co. Inc., for example, was just sold to two of the country’s largest mall owners: Simon Property Group and Brookfield Property Partners. The deal wound up saving about 70,000 jobs and allowed the 118-year-old business to avoid liquidation.

Another M&A scenario saved J. Crew Group, which this week shed most of its debt via a deal with Anchorage Capital Group.

Per RetailDive.com, over two dozen retailers have

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NEW YORK (AP) — Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida.

Century 21 joins more than two dozen retailers who have filed for bankruptcy since the pandemic, which forced non-essential stores to temporarily close.

In a statement, the New York-based company said that the decision followed nonpayment by the company’s insurance providers of approximately $175 million due under policies put in place to protect against losses stemming from business interruption. Insurance money helped it rebuild its flagship store, a magnet for locals and tourists in downtown Manhattan after it was damaged by the 9/11 attacks, the company said.

“We now have no viable alternative but to begin

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CNBC

  • Airbnb’s upcoming stock-market debut could be a once-in-a-lifetime deal, “Mad Money” host Jim Cramer said on his Monday show.
  • “Thanks to COVID-19, Airbnb is now the safest way to travel, which is why this IPO might end up being the steal of the century,” he said.
  • The home-sharing platform will benefit from people’s fear of staying in hotels, face less resistance from embattled hotel chains, and attract more users as people rent out their homes for extra cash and travelers look for bargains, Cramer argued.
  • “This turns out to be another one of those forever-changed businesses that’s actually benefiting from COVID-19,” he added.
  • Visit Business Insider’s homepage for more stories.

Airbnb raised some eyebrows when it filed to go public last week, even as the pandemic continues to discourage global travel and depress demand on the home-sharing platform.

However, its stock-market debut could be

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