Turkey’s economic crisis, ongoing since 2018, took a sharp and dark new turn in October 2020. The Turkish lira fell to a historic low as COVID-19 cases rose. These trends are hardly unique to Turkey, as many countries face tough choices to balance propping up their economies and limiting the spread of the virus. Middle-income countries like Turkey are especially vulnerable, given the dearth of international assistance for all but the most vulnerable nations.
Read MoreWhile the worst of the pandemic is likely over for Singapore, the nightlife industry continues to suffer economic turmoil as karaoke bars and nightclubs continue to be off-limits for residents. Despite new initiatives launched by the government for limited reopening and pivoting of business models, the nightlife industry is struggling to stay afloat in a post-COVID-19 world.
Read MoreNonprofits are an important source of jobs and provide vital services. Unfortunately, many nonprofits fail to survive because they lack concise funding models and long-term strategies for growth. Now that Covid-19 has taken its toll on both nonprofit funding and community demand for nonprofit services, how can nonprofits learn from this pandemic and revise their growth strategies to enable long-term sustainability?
Read MoreIn October 2020, Ray McGuire, Citi Vice Chairman and head of Investment Banking, left his position at the bank to run for New York City Mayor. Charlotte O’Toole reflects on how his departure leaves Citi with no black executives–a reminder of the tenuous state of executive black representation in the financial industry.
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