The great toilet paper panic is over, at least according to Australian grocer Woolsworth via Breakingviews
Customers load shopping carts with toilet paper and water at a Costco store in Carlsbad, California, U.S., March 2, 2020. REUTERS/Mike BlakeSPAC BACKTRACK, AND MAC? Far Point Acquisition, a listed special-purpose acquisition company set up by hedgie Dan Loeb’s Third Point and run by former NYSE executive Thomas Farley, on Thursday advised investors not to approve the deal it signed in January.
FREEDOM TRAP. Italy’s easing of one of Europe’s strictest lockdowns is proving tricky. Rome allowed companies including Prada and Ferrari to restart factories on Monday so that over 4 million could return to work. It also relaxed quarantine measures by allowing meetings with relatives and partners and outdoor exercise. Within two days, streets filled up. In Milan, the central Parco Sempione was so busy that it was difficult to cycle without bumping into someone.
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