Boris Johnson says ‘shielded’ MPs will be able to vote by proxy in parliament June 3, 2020 Boris Johnson has said that vulnerable MPs who have been forced to shield away during the coronavirus lockdown will be able to vote in the House of Commons by proxy in an apparent U-turn. Johnson said at today’s Prime Minister’s Questions (PMQs) that MPs who “have particular difficulties, because they are shielded or they are [...]
Zoom revenue surges as video conferencing app cashes in on Covid-19 June 3, 2020 Zoom has reported a huge surge in revenue for the first quarter as the video conferencing app enjoys booming demand during the coronavirus lockdown. The California-based company posted revenue of $328.2m (£260.8m) in the first three months of the year, an increase of 169 per cent on the same period in 2019. Zoom also lifted [...]
PwC to reopen UK offices from 8 June following coronavirus lockdown easing June 3, 2020 Big Four accountancy firm PwC said today it would reopen offices across the UK from 8 June as the coronavirus lockdown eases. The firm said it would open its London, Birmingham, Manchester, Leeds, Reading, and Bristol offices from next Monday. Kevin Ellis, PwC UK chair and senior partner, said: “Just because we can work from [...]
UK bank shares rise on optimism about lockdown easing June 3, 2020 Shares in major UK banks rose today on increased optimism about lockdown measures easing globally. HSBC shares rose 2.2 per cent to 393p, Lloyds Banking Group shares rose nearly 4.7 per cent to 33.4p, Barclays shares rose nearly 2.5 per cent to 122p, Royal Bank of Scotland shares rose 2.6 per cent to 123p and [...]
London City Airport to resume flights at end of June June 3, 2020 London City Airport has today announced that it will reopen for commercial flights from the end of June after being closed for the past three months. On 25 March, the airport elected to suspend all of its passenger operations due to the fallout from the coronavirus crisis. Now, however, it has announced its intention to [...]
Clean technologies and climate policy: the global financial crisis and Covid-19 June 3, 2020 | City Talk A lot has changed for clean technologies since the global crisis in 2008. As investors in climate change, this is hugely encouraging. It is striking just how much has changed for clean technologies and climate policy between the financial crisis in 2008 and the one we face today. As climate change investors, this gives us [...]
BoE’s Andrew Bailey tells UK banks to up preparations for no-deal Brexit June 3, 2020 Bank of England governor Andrew Bailey has reportedly told UK banks to ramp up their preparations for a no-deal Brexit as the UK sticks to its target to strike a deal before the end of the year. Bailey told British lenders to accelerate their planning for a no-deal Brexit scenario in a call yesterday, according [...]
Twitter’s feud with Trump could be a savvy business move June 3, 2020 The social media founders promised utopias, where speech would be democratised and each of us would be given our voice in the public square. Utopias, however, have always been tricky. The term was coined by Thomas More in his 1516 work of the same name, and it was a pun that More’s learned readers would [...]
Architect of Sweden’s no lockdown coronavirus strategy says country should have done more to protect citizens June 3, 2020 The man behind Sweden’s no lockdown coronavirus response today said the country could have done more to lessen the country’s death rate. Nearly 4,500 Swedes have died during the pandemic, a higher mortality rate than in neighbouring Finland, Norway and Denmark, and criticism has been growing over the government’s decision not to impose a strict [...]
Italy opens borders to European tourists as coronavirus lockdown lifts June 3, 2020 Italy has reopened its borders and lifted restrictions on domestic travel, offering some hope for the country’s vital tourism industry. Travellers from within Europe will be able to enter Italy without going into quarantine from today. International flights will land at Milan, Naples and Rome airports. Italy, which has reported more than 33,000 deaths related [...]