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Learnings from working post-COVID: economy, work-life, leadership

Kevin Sneader, Global Managing Partner at McKinsey, shares his perspective on corporate business leadership on Business In 60 Seconds:

What do we know now that we did not know four months ago when the coronavirus struck with vengeance?

I think there's a lot. First, we've learned about our economy. We know that we've now taken the elevator down and we're taking the stairs back up. We're seeing a return, as I observe what's happening across the world, but from a very low base. And the letter of choice is not an L, a V or a U, but I think it's a big question mark.

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Historic EU COVID recovery fund deal; Turkey and Greece Aegean dispute

Ian Bremmer shares his insights on this week's World In (More Than) 60 Seconds:

How will the EU coronavirus recovery fund work and are there winners and losers?

How it's going to work? Hundreds of billions of euros being distributed between, its collective redistribution from wealthy countries to poor countries. And that money has been now unanimous agreement between all 27 members of the European Union. Not 28, the Brits are no longer a part of the table. And it's historic. It's by far the biggest political success that we've seen anywhere around the world in providing real multilateral leadership to help make it easier for those countries that are suffering the most. In the case of Europe, that means the poorer countries that don't have the ability to bail out their devastated economies. Again, you are seeing double digit contractions across Europe economically this year. Now you're seeing hundreds of billions of euros, half of that will be grants, don't need to pay back, half will be loans. That was a big part of the of the debate, of the controversy.

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How should business leaders manage the return to work?

Kevin Sneader, global managing partner for McKinsey & Company, provides perspective on how corporate business leaders think in response to the coronavirus crisis:

As workplaces reopen, how should leaders manage the return to work?

Well, let me start by saying that first, return is not a date, it's a muscle. We've seen cities with the tightest of rules and disciplines experience a second or third wave of the coronavirus. Indeed, Melbourne and Hong Kong bring this life today, for all of us. Therefore, it's not a question of announcing a date for return and saying everything is done. Instead, it's about a process, one that will have a series of ups and downs. In fact, two steps forward, one step or more back, maybe the story of our times. We need to be able to live with disruption as usual and respond with a tailored, relevant set of actions.

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Twitter hack mystery; does two-factor authentication make you safe?

Nicholas Thompson, editor-in-chief of WIRED, helps us make sense of today's stories in technology:

Whoa Twitter! What happened this week?

Well, on Wednesday, a whole bunch of prominent Twitter accounts, Jeff Bezos, Bill Gates, Elon Musk, Apple, started tweeting out a Bitcoin scam. The same one. It said, "send money to this address and we'll send you back twice as much." Clearly a fraud. But what was interesting about it is that it wasn't like one account that had been compromised. A whole bunch of accounts have been compromised. Meaning most likely someone got access to a control panel at Twitter. The big mystery is how they got access to it? And why, if they had so much power, all they did was run a stupid Bitcoin scam?

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A deal on the EU Recovery Fund? North Macedonia and the EU

Carl Bildt, former Prime Minister and Foreign Minister of Sweden, with the view from Europe:

Is it likely that there will be a deal on the EU Recovery Fund at the summit this weekend?

That remains to be seen. There's a huge amount that needs to be decided, both concerning the immensely big recovery fund and also the entire seven-year budget for the entire European Union. And there are significant divergences between views, so far. So, there might be a deal, but it might also be somewhat delayed. I'm quite certain at the end of the day there will be the deal.

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What to expect for second-quarter earnings season; H2 2020 outlook

Betty Liu, Executive Vice Chairman for NYSE Group, provides her perspective:

What are analysts expecting, going to the second quarter earnings season?

So, this earnings season has just started this past week, you saw banks kick off their reports. And as you can well imagine, analyst estimates are pretty much all over the place. And part of that is because a good number of companies did not provide guidance. Now, according to some estimates, some analysts estimates, we could see an earnings season decline or earnings decline as much as 44% this time around. That would be one of the biggest declines since 2008, the prior crisis.

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Trump vs Fauci; UK bans Huawei; South China Sea pushback

Ian Bremmer shares his insights on this week's World In (More Than) 60 Seconds:

Number one, Trump vs Fauci. What's going on here?

Well, I mean, you know, it's a health leader who is quite popular across Dems and Republicans in the United States and an environment where President Trump is looking for folks to blame. And, you know, it's hard. China's been a big piece of this but hasn't been adequate in explaining why the red states are now doing so badly, for example. And why it continues to persist beyond Europe. And so, he's looking for others. And Fauci has been the most coherent, the most credible in the Trump administration, but has made mistakes. And certainly, also has been willing to come out and speak independently of the Trump administration, including criticizing the Trump administration in a way that Dr. Birx, for example, or the head of the CDC has not. And that's why you're starting to see anonymous opposition against Fauci. You're seeing some of the campaign proactively say they think Fauci has been a cold shower on the economy and has been Dr. Doom, Mr. No. It's funny, Larry Summers, my friend, was called Dr. Kevorkian by Obama when he was secretary there, because he was always providing the negative outlook. I can't imagine how Larry Summers would survive in the Trump administration right now.

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Key Supreme Court decisions; how coronavirus impacts US election

Jon Lieber, managing director for the United States at Eurasia Group, shares his insights on US politics:

How is coronavirus jeopardizing the legitimacy of a 2020 presidential election?

Well, what coronavirus is doing is a lot of states are worrying about people who aren't going to want to come to the polling places in the fall, and they're worried about a shortage of polling workers who are going to want to come out and volunteer to get sick by interacting with a bunch people in person. So, what they're doing is they're looking at making a shift to vote-by-mail. Most states allow some form of absentee balloting today. Five states just automatically mail you a ballot and they don't do any in-person voting. But the challenge here is that a lot of states are unprepared for the sharp increase that's expected. In the last election, 25% of ballots were cast by mail. You may see 50, 60 or even more percent of ballots cast by mail this time, which could overwhelm election administration, which happens at the state level.

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