Tesco boss warns against panic buying after new virus restrictions September 23, 2020 Tesco chief executive Dave Lewis has said there is no need for customers to be panic buying groceries, following new restrictions imposed across the UK to combat a second wave of coronavirus infections. Images have been shared on social media of supermarket shelves stripped of food staples such as pasta and flour, bringing back memories [...]
More England coronavirus restrictions inevitable, says Chris Whitty September 23, 2020 Boris Johnson has been warned by his chief medical adviser that England will soon be forced to ban visits between households to stop the country’s second coronavirus wave. The Prime Minister announced a raft of stringent new measures yesterday, including a 10pm curfew for all hospitality venues, enforced table service at hospitality venues and requirements [...]
HSBC, Citi, Goldman and Deutsche Bank pause plans to return to office September 23, 2020 Banks have rushed to pause plans for staff to return to their UK offices following fresh government guidance on coronavirus. Deutsche Bank and Citigroup have also encouraged staff to return to work remotely amid concerns over rising Covid-19 cases. Read more: City firms begin to send workers home after new government rules The banks’ changes [...]
Blackrock orders staff to disclose personal relationships September 23, 2020 Blackrock has ordered its 16,000 employees to disclose their personal relationships as the global investment firm seeks to bolster its reputation following two high-profile dismissals last year. In an internal memo to staff, the world’s largest asset manager has outlined a new “relationships at work” policy, which forces employees to disclose information relating to all [...]
Luke Johnson: 1m employees on furlough face redundancy September 23, 2020 Former Pizza Express boss Luke Johnson has warned that at least a million jobs could be lost in the hospitality industry as the government tightens restrictions. Speaking to BBC Newsnight, the restaurant mogul predicted that if the government cut all subsidies, “of the 3m [on furlough] at least a million, maybe more, will be made [...]
ING says transaction named in FinCEN files was an administrative error September 23, 2020 ING has hit back at reports citing the FinCEN files that said a Polish subsidiary of the Dutch bank altered the name of a Russian sender on sanctions blacklists on a large payment in 2014 to conceal the sender’s identity. In a statement issued this morning, the lender said the reports were misleading and that [...]
Huawei urges US to stop ‘attack’ on global supply chain September 23, 2020 Embattled Chinese tech giant Huawei has said its global supply chain is under attack from the US and called on Washington to reverse its trade bans. US President Donald Trump’s administration has ramped up its crackdown on Huawei, issuing fresh trade bans designed to limit the telecom company’s access to chips. “The US has modified [...]
Facebook removes network of Chinese accounts over US election influence September 23, 2020 Facebook has said it has taken down a number of inauthentic Chinese accounts for attempting to influence elections and political activity in the US and Philippines. The company said it had suspended 155 accounts on Facebook and six Instagram accounts. Some of the accounts had been sharing content both in support and opposition of US [...]
Facebook, Youtube and Twitter strike deal with advertisers over harmful content September 23, 2020 Facebook, Youtube and Twitter have struck a deal with advertising giants over harmful content, as the Silicon Valley firms attempt to restore relations hammered by this year’s advertising boycott of social media sites. The tech giants will next year launch a new system for overseeing advertising on their sites, based on common definitions of hate [...]
JP Morgan ‘to move €200bn assets from the UK to Germany’ due to Brexit September 23, 2020 JP Morgan Chase & Co is reportedly set to move €200bn (£184bn) assets from the UK to Germany as a result of Brexit. The US banking giant plans to finish the migration of the assets to a Frankfurt-based subsidiary by the end of this year, Bloomberg reported, citing people familiar with the matter. The shift [...]