South Korea’s Playbook for Reopening: Don’t Use Cash, Sit Side by Side

SEOUL—After two months of intense social distancing, South Korea is about to open up. And it has a rule for every little thing.

When conference in an workplace, people will dress in masks. At meals, diners will sit up coming to each and every other or in a zigzag pattern, not specifically across. Lodge rooms will be ventilated for 15 minutes soon after vacationers verify out. People at zoos and aquariums must stand 6 ft aside. Shouting and hugging will be discouraged at sporting activities. So will substantial-fives.

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HSBC Sets Aside $3B for Virus Loan Losses

HSBC, Europe’s biggest financial institution, mentioned Tuesday it had greater financial loan loss provisions by additional than 400% as it anticipates “severe recession events” owing to the coronavirus pandemic. The raise in HSBC’s predicted credit rating losses (ECL) for the 1st quarter to $3 billion from $600 million — its […]