Trump declares national emergency amid coronavirus outbreak March 14, 2020 US President Donald Trump has declared a national emergency in a bid to contain the coronavirus outbreak. The move will allow the federal government to tap up to $50bn (£40bn) in emergency relief funds. It will loosen the regulations around the provision of healthcare, making more people eligible for government healthcare. It is also hoped [...]
Coronavirus: Mass gatherings could be banned in UK from next week March 14, 2020 The government is considering implementing a ban on mass gatherings as early as next week to slow the spread of coronavirus. Ministers are drawing up plans for the move, which is likely to see a ban on more than 500 people gathering together. It is hoped it will ease pressure on emergency services as the [...]
We tried out the Hästens bed that Beyoncé is said to sleep on March 13, 2020 | Sponsored Imagine if you could have the best sleep of your life, every night. To climb into a bed that is tailored to your every need; so comfortable it feels as if you are floating in mid-air the moment you sink in. No lumpy mattress; no squeaking springs. If your sleeping partner is tossing and turning, [...]
FTSE miners lead recovery as China’s infection rate slows March 13, 2020 FTSE miners led London’s blue-chip index higher today as traders welcomed a lower rate of new coronavirus infections in China. Evraz, BHP, Anglo American, Glencore and Petra Diamonds all posted double-digit gains as the FTSE 100 surged over eight per cent higher following yesterday’s record sell-off. Online trader IG analyst Joshua Mahony linked the jump [...]
Transglobe Energy reports loss as oil turmoil continues March 12, 2020 Transglobe Energy was the latest company to post a difficult set of results today as turmoil on the world oil market continues. The Canadian company, which also has extensive operations in Egypt, reported a net loss of $4m (£3.1m) for 2019 swinging from a $15m profit in 2018. That included a $7.9m non-cash impairment loss [...]
PM warns ‘many more families will lose loved ones’ to coronavirus March 12, 2020 Boris Johnson has warned that “many more families will lose loved ones before their time” as he confirms the UK is moving into the second stage of dealing with the coronavirus. The Prime Minister, who chaired a COBRA meeting this afternoon, said it was “the worst public health crisis for a generation”, arguing it was [...]
Oil giants slump as Trump EU travel ban makes COVID-19 and price war effect worse March 12, 2020 Oil company shares have sunk today after the Brent crude price sunk below $34 a barrel, as the market absorbs news of President Trump’s travel ban. Shares in BP have fallen 11.18 per cent to 280p and those of Shell are also down 11.15 per cent at 1,165p. Tullow oil and TransGlobe Energy released results [...]
Poundland sale delayed due to CEO’s illness amid market volatility March 12, 2020 Poundland owner Steinhoff International has reportedly paused the potential sale of its European arm Pepco amid increased market volatility and its chief executive’s leave of absence. Steinhoff announced last year that it was mulling a range of strategic options for Pepco Group, which contains Poundland, including a potential public listing. However the process has been [...]
Fisheries and finance March 12, 2020 | City Talk Two of the key flashpoints in the Brexit negotiations could have wide-reaching consequences for industry and the pound. In a recent webinar from moneycorp talk, economist Vicky Pryce highlighted the importance of fisheries and financial services to the Brexit negotiations. If we look at the numbers alone, it would seem that financial services should take [...]
Two further London coronavirus deaths taking total to 10 March 12, 2020 Two further coronavirus patients have died in London hospitals taking the total of UK coronavirus deaths to 10, the Department of Health said today. An 89-year-old with underlying health conditions died at Charing Cross Hospital, while a woman in her 60s died at Queen’s Hospital in Romford. The London deaths mean 10 UK coronavirus patients [...]