Overseas Headlines – July 6, 2020

United Sates:

NYC Enters Phase Three of Reopening. Here’s What You Should Know

“As other parts of the U.S. hastily roll back reopening plans, New York City is taking one more small step forward. On Monday, the city officially kicks off Phase Three, paving the way for legions of beauty businesses — nail salons, tanning studios and tattoo parlors — to open their doors to customers for the first time in months.”



U.K. Businesses Expect to Cull Jobs Once Furlough Program Ends

“Almost half of businesses taking part in the U.K. government’s coronavirus jobs program expect let go of furloughed staff when support ends in October. The problem is more acute for medium-sized businesses, two-thirds of whom say they’ll have to cut jobs when the wage subsidies expire, according to polling by Opinium and the think tank Bright Blue. A quarter of businesses will struggle to increase their share of employee salaries between August and October, the report showed.”



One of Japan’s Largest Employers Plans to Cut Office Space by 50%

“While much of Japan continues to debate the pros and cons of remote working, one of the country’s largest employers has made up its mind — and it could be a bad sign for the office sector. Fujitsu Ltd. said it will cut its office space in Japan by 50% over the next three years, encouraging 80,000 office workers to primarily work from home in what it termed a “Work Life Shift for the new normal.”



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