Car rental firm Hertz files for US bankruptcy protection May 24, 2020 Car rental firm Hertz has filed for bankruptcy protection in the US after the coronavirus pandemic caused demand to collapse. The firm, whose largest shareholder is billionaire investor Carl Icahn, said the “sudden and dramatic” impact of coronavirus on travel demand had caused a “abrupt decline” in revenue and future bookings. A large portion of [...]
AstraZeneca chief ‘very confident’ Oxford coronavirus vaccine trial will work May 24, 2020 The head of pharmaceutical giant AstraZeneca has said he is “very confident” that Oxford University’s coronavirus vaccine trial will work. Pascal Soriot said he thought his company, which has been commissioned to distribute the vaccine if effective, can begin to distribute the vaccine in December. AstraZeneca has been commissioned to provide 100m doses of the [...]
Tory MPs call for Dominic Cummings to resign May 24, 2020 A growing group of Conservative MPs are calling for Dominic Cummings to resign after he allegedly broke lockdown to travel to Durham twice. Steve Baker, Simon Hoare, Damian Collins, Sir Roger Gale, Peter Bone, Caroline Nokes and Craig Whittaker have all called for Boris Johnson’s chief aide to resign this morning after new evidence came [...]
PM defends Cummings as report says adviser ‘made second Durham trip’ during lockdown May 23, 2020 Dominic Cummings reportedly made a second trip to Durham during lockdown, it has emerged this evening, as Boris Johnson resisted calls to sack his top adviser. Cummings drove 250 miles from London to Durham while his wife exhibited coronavirus symptoms in early April. Downing Street has stood by the Prime Minister’s top adviser, saying he [...]
UK will ask employers ‘to pay 20-30 per cent’ of furlough wages May 23, 2020 The UK has drawn up plans to require employers to cover 20 per cent to 30 per cent of furloughed employees’ wages from August, it is reported. That would help reduce the vast burden of the coronavirus crisis on government finances, The Times newspaper reported. The UK on May 12 extended its job retention scheme [...]
Pressure on Dominic Cummings to quit after reports he broke lockdown rules to visit parents May 23, 2020 British Prime Minister Boris Johnson’s closest adviser, Dominic Cummings, travelled 250 miles from his London home after showing symptoms of coronavirus, breaking the government’s lockdown rules, the Guardian and Mirror newspapers reported on Friday. Cummings, a polarising figure in Britain since he masterminded the successful campaign to leave the European Union in 2016, travelled to [...]
Appointment times and NHS discounts: How retailers plan to lure shoppers back after lockdown May 23, 2020 After more than two months of enforced closure during the UK coronavirus lockdown, retailers across England are preparing to potentially reopen to shoppers from 1 June. The high street will look different when retailers are allowed to open their doors. Social distancing signage will be in place, shop assistants will wear masks and a number [...]
Zoom Zoom Zoom: Why video-conferences are so draining May 22, 2020 When the annals of lockdown come to be written, we will find that the pandemic, like any other great crisis, has produced its own lexicon. You can see it already: self-isolating, social distancing, herd immunity. High up among these new usages will be the teleconferencing company Zoom. Full disclosure: I was an early adopter. The [...]
UK arrivals face £1,000 fine if they break two-week quarantine rule May 22, 2020 People arriving in the UK will be fined £1,000 if they refuse to obey a new two-week quarantine rule that will be rolled out to help halt the spread of coronavirus. Home secretary Priti Patel today confirmed that from 8 June anyone arriving in the country will be told to self-isolate for 14 days. Passengers [...]
Alibaba profit tumbles despite Covid-19 lockdown sales boost May 22, 2020 Alibaba today reported a plunge in profit during the fourth quarter as investment losses offset a surge in ecommerce sales during the coronavirus lockdown. The Chinese tech behemoth reported an 88 per cent decline in net income to 3.2bn yuan (£368m) in the three months to the end of March. The group said the decrease [...]