Update – Breaking Business

In another sign of the stress faced by retailers. Gap, Inc. is facing potential legal action after the retailer failed to pay rent on one of its Manhattan stores for the months of April and May.

The landlord of the Gap store at 1212 Avenue of the Americas says the apparel giant failed to pay rent for April and May, along with water charges and snow removal, leaving the company with an unpaid bill of $530,334.

Gap is one of numerous retailers to have faced financial downturns as the ongoing coronavirus crisis forces many stores to shutter.

The company, which also owns brands such as Banana Republic and Old Navy, expected its cash holdings to drop from $1.7 billion USD to as low as $750 million USD by the conclusion of the financial quarter ending on May 2, 2020.

Moreover, Earlier this week, luxury department store Neiman Marcusfiled for bankruptcy while Nordstrom announced it would close 16 of its stores.

In addition to back rent, Gap’s landlord, 48th Americas LLC, is asking for attorneys fees of at least $20,000.

The suit was filed Monday in federal court in Manhattan.

source hypebeast & Bloomberg

GAP     COVID-19     LAW-SUED    MANHATTAN

Update – Anime & manga

source 9gag

Update – Anime

source 9gag

Update – Sport Soccer

 

source 9gag

BUNDESLIGA        SPORT      SOCCER

 

Update – Coronavirus

Yesterday, In Germany, Thousands of covidiots protested against the coronavirus measures.

Most protesters think COVID-19 is a hoax. I am ashamed of what my country has become.

A country that once was famous for its poets, engineering and rich culture became a nation of clowns.

Below is the protest going on:

Update – Business

DUBAI, United Arab Emirates — Dubai state carrier Emirates Airline reported a 21% increase in its full-year profit in the 12 months to March 31, it reported Sunday. The airline, one of the biggest long-haul carriers in the world, said it made 1.06 billion dirhams ($287.5 million) in that time, up from 871 million dirhams the previous year.

But the coming year will be severely impacted by the coronavirus pandemic, the airline’s chairman said.

Emirates Airline and Group Chairman Sheikh Ahmed bin Saeed Al Maktoum said that from February, things began changing rapidly as the coronavirus spread around the globe, halting international travel.

“For the first 11 months of 2019-20, Emirates and dnata were performing strongly, and we were on track to deliver against our business targets.

“The COVID-19 pandemic will have a huge impact on our 2020-21 performance, with Emirates’ passenger operations temporarily suspended since 25 March, and dnata’s businesses similarly affected by the drying up of flight traffic and travel demand all around the world,” the chairman said in a statement.

The airline has cut executive pay and reduced the basic salaries of most of its staff, it reported in late March when it halted all flights at the requirement of the UAE government.

source cnbc

UNITED ARAB EMIRATE      INCREASE PROFIT    COVID-19

Update – Automotive

James Bond fans will be delighted to know that one of only seven remaining examples of the Land Rover Defenders used in the filming of 2015’s Spectre is now up for auction.

The car itself is a Defender 110 SVX built by Land Rover and Bowler Motorsport specifically for production use in the massive blockbuster.

One of just nine made, the SUV is dressed in a Santorini Black exterior and is equipped with a 180-horsepower engine working in tandem with a manual transmission and a hydraulic handbrake.

For those interested in taking this piece of automotive and film memorabilia home, Silverstone will be hosting an auction for it soon, with pricing estimated at £200,000 GBP to £240,000 GBP (roughly $248,000 USD to $298,000 USD).

source hypebeast

LAND ROVER DEFENDER        JAMES BOND        SILBERSTONE AUCTIONS

Update – Funny

 

source 9gag

 

Update – Funny