Business services hard hit by coronavirus, but corporate lawyers are doing well

Business travel agencies have been hard hit. Photo: Benjamin van Waart/Flickr

Turnover in the Dutch business services sector fell 18.5% in the second quarter of this year, with the advertising and travel sectors particularly hard hit, national statistics agency CBS said.

The last major decline in turnover was the final quarter of 2009, at the height of the credit crisis, when business service sales fell by nearly 8%, the CBS said.

The travel sector saw sales plunge 90% in the second three months of the year, as coronavirus put paid to business travel and events. Advertising agencies saw their turnover fall by around one third while market research firms lost some 20%.

Nevertheless, one sector was able to benefit from the crisis. Corporate law firms and legal advisors booked 2% more profit during the second quarter, although this is a lower increase than in previous months, the CBS said.

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Luxury brands bank on a raring China market as pandemic lays waste to global demand

BEIJING/MILAN (Reuters) – On the southern Chinese island of Hainan, a duty-free shopping paradise, mainland tourists keen to splurge will often patiently line up for an hour or more to enter a Gucci, Tiffany or other luxury brand store.

“I’m mentally working on a shopping list,” says Zeng Rong, 34, a Beijing-based auditor who is looking forward to her upcoming Hainan trip. “I’d like to buy a Bottega Veneta bag as well as a coat and a down jacket from Moncler before the weather gets cold.”

With the coronavirus pandemic having sent most of the world’s luxury spending into a tailspin and China the only major economy expected to show growth this year, high-end brands now depend more than ever on Chinese consumers like Zeng for sales.

Their spending largesse, which extends across China’s biggest cities, is spurring luxury brands to double down on the

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Contrasting OneConnect Financial Technology (OCFT) and Its Competitors

OneConnect Financial Technology (NYSE: OCFT) is one of 71 publicly-traded companies in the “Computer programming, data processing, & other computer related” industry, but how does it contrast to its rivals? We will compare OneConnect Financial Technology to related businesses based on the strength of its analyst recommendations, dividends, institutional ownership, earnings, profitability, valuation and risk.

Analyst Recommendations

This is a summary of recent ratings and price targets for OneConnect Financial Technology and its rivals, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
OneConnect Financial Technology 0 0 0 0 N/A
OneConnect Financial Technology Competitors 1025 3496 6911 324 2.56

As a group, “Computer programming, data processing, & other computer related” companies have a potential upside of 8.49%. Given OneConnect Financial Technology’s rivals higher possible upside, analysts clearly believe OneConnect Financial Technology has less favorable growth aspects than its rivals.

Earnings and Valuation

This

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Get $20 off at Amazon with your Capital One credit card

With Prime Day right around the corner, Amazon has just extended a limited-time offer that will make Capital One credit card holders very happy. The promotion was originally scheduled to expire on September 30, but it’s now available all the way until the end of 2020.



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Last year, Capital One added Amazon’s “Shop with Points” program as a redemption option on several of its credit cards. You’re typically better off redeeming Capital One miles for travel or cash back, but if you’re targeted for this current offer, you can save $20 on a purchase of $80 or more when using your Capital One miles or cash back at Amazon anytime between now and December 31.

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Not everyone will be eligible for this offer, but to find out if you’re targeted — and to learn how to apply the discount to your upcoming Amazon order — follow

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