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◼ CONTENTS Bloomberg Businessweek August 10, 2020Cover:Photograph
byJessicaPetway
forBloomberg
Businessweek; prop
stylist:SaraSchipaniCORRECTION TheBankofEnglanditemin Agenda(Aug.3,2020)shouldhaveconverted£300billioninto
$390billion.HONG KONG: PHOTOGRAPH BY BILLY H.C. KWOK FOR BLOOMBERG BUSINESSWEEK◼INBRIEF 4 HongKongdelayselections● Argentina’sdebtdeal
◼OPINION 5 Hirelaid-offenergyworkerstohelpfightclimatechange
◼AGENDA 5 Tencentearnings● U.S.cropdata● NewZealandrates◼REMARKS 6 A rebatemeanttoliftItaly’seconomywidensa classdivide1
BUSINESS 10 Virusflareupsgroundairlines’hopesfora rebound
12 BoeingandAirbusgambleonkeepingfactoriesrunning2
TECHNOLOGY 14 SiliconValley’smostlyWhiteworkforcehighlights
thetechindustry’sepicfailin diversity3
FINANCE 18 Whenoilwentnegative,a groupoftradersmadea killing
21 A coinshortagegivesnoquartertolaundromats
22 KillerMike’scampaigntogetAmericansto#BankBlackECONOMICS 24 BidenthedeficithawkmakeswayforBidenthebigspender
26 PuertoRicorisksfuturefundingascitizensskipthecensus
28 Europeis recoveringfasterthantheU.S.POLITICS 30 ▼ TurningChinesepropagandaonitsheadin HongKong32 A conservativejudicialstarfacesa right-winglitmustestSTRATEGIES 34 Howtomakethatcommitmenttoracialdiversitya reality
36 Tokeepinnovating,getcreativeaboutremotecollaboration
37 Providingservicewitha smilewhilewearinga mask◼PURSUITS 55 ArchitectBjarkeIngelsrethinksurbanliving
58 A blueprintforrestaurants’survival
60 Pandemic-borninnovationmayhelpusflythroughairports
62 A crossbetweenQVCandNetflixforthecocktailset
63 SpaceAgejewelryatanout-of-this-worldprice◼LASTTHING 64 Ina low-rateworld,goldcandowhatbondscan’tHow to Contact Bloomberg Businessweek
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bloombergbusinessweek/ ▶TWITTER @BW ▶ INSTAGRAM @businessweek◼ COVER TRAIL
How the cover
getsmade
“This week we’re
talking about Google
search ads. Turns out
the company has a ton
of power over small
businesses.”
“Somuchfor
‘Don’tbeevil.’”
“They removed that
phrase from their code
of conduct, you know?”
“How about a really big
Google something?!”
“Dig deeper.”
“Google doodle!”
“Is this 2015?”
“Autofill! Search meme!
The color wheel!”
“I get it. This isn’t the
first time we’ve arted a
Google story.”
“Maybe we do
something with the
magnifying glass ...
you know when you
were a kid and used it
to kill ants?”
“Uh, no. No, I don’t.”
“I was lateto‘Don’t be
evil.’”