Corona Capital: Offices, Carnival, Insurance

. It’s rare for defendants and their accusers to claim victory in the same court case. But that is what happened in Britain

when the High Court settled a fight over so-called business interruption insurance, which compensates companies that are forced to close because of fire or natural disaster. The judge sided with policyholders on the majority of the key issues.of policy wording in a representative sample did not cover pandemics but the judgement wasn’t a blanket ruling. This means that each policy claim now has to be tested against the relevant judgement.

It’s not the only beneficiary from customers’ increased willingness to spend. Online grocery firm Ocado said on Tuesday that its sales52% in the 13 weeks to the end of August, as customers were buying more than they were this time last year. Average orders per week were up nearly 10% to 345,000, while the average spend reached 141 pounds, above pre-coronavirus levels. Consumer spending appears to be fighting fit amid the pandemic.

To be fair, Harmony’s hedging programme paid out handsomely in 2017 and 2018: over its lifetime, including the recent hit, the net gain is still about 2.2 billion rand. And the strategy dampens the volatility of results for executives and investors. But with gold’s ascent looking more like a plateau than a peak, the question is whether continued caution is worth the price. The Asian Development Bank expects developing Asia’s aggregate GDP to contract 0.7% in 2020.

Residents in the region are ageing, and their health issues are multiplying, but they are also making more money. The bank estimates that so-called wellness industries in Asia – anything that improves physical or mental health such as spas or gyms – contribute to around 11% of output and are growing by one-tenth every year. Covid-19 will contribute to this trend.

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