UK needs coronavirus testing and tracing ‘command centre’ to beat virus April 16, 2020 The UK must create a 24/7 coronavirus testing and tracing “command centre” to exit its Covid-19 lockdown, according to a new report. A study from right-leaning think tank Policy Exchange said the command centre should be created “to oversee and implement a national testing and tracing strategy for hunting down and defeating Covid-19”. The report [...]
Donald Trump set to lay out ‘guidelines’ for reopening US April 16, 2020 US president Donald Trump is tonight expected to release medically-approved guidelines to reopen parts of the country’s economy, which has been decimated by the coronavirus pandemic. A White House official said that the president would use this evening’s press conference to lay out the “recommendations”, which are “flexible and data-driven”. The official added that the [...]
Verizon snaps up Blue Jeans amid booming demand for video conferencing April 16, 2020 Verizon today said it has entered into an agreement to buy video conferencing firm Blue Jeans as the coronavirus lockdown fuels huge demand for remote working. The US telecoms giant did not disclose the value of the deal but the Wall Street Journal reported a price tag of under $500m (£401m). California-based Blue Jeans provide [...]
Netflix shares hit record high as valuation overtakes Disney April 16, 2020 Netflix shares rose to record highs today amid surging demand during the coronavirus lockdown, pushing its market capitalisation past fierce rival Disney. The US streaming giant’s stock rose more than three per cent in afternoon trading to $440 per share, having closed at a record high of $426.75 yesterday. The rise took Netflix’s market valuation [...]
Coronavirus: New York extends lockdown to mid-May April 16, 2020 New York will extend restrictions on schools and businesses until 15 May as the number of deaths and hospitalizations from coronavirus fell to their lowest levels in over a week. The number of deaths reported today fell to 606, the lowest level in 10 days, while the number of people admitted to hospital fell below [...]
UK extends coronavirus lockdown for at least three more weeks April 16, 2020 The UK will remain in coronavirus lockdown for at least the next three weeks, after today’s meeting of the government’s top scientific body. Foreign secretary Dominic Raab said at today’s press briefing that “the advice from Sage (Scientific Advisory Group for Emergencies) is that relaxing any of the [social distancing] measures in place would risk [...]
Latest news: BEQUANT partners with MAINBLOQ April 16, 2020 | City Talk BEQUANT and MAINBLOQ are delighted to announce its partnership, making a serious commitment to building out the technology layer for the emerging digital asset space. As institutions have taken a closer look at the space, both organisations have been busy building the underlying technology including MAINBLOQ’s Smart Order Router and suite of algorithms and BEQUANT’s [...]
BEQUANT partners with BCB Group April 16, 2020 | City Talk BEQUANT has partnered with BCB Group – an FCA regulated business payments provider in the digital assets industry. BEQUANT will be using BCB Group’s multi-currency payment accounts as well as market liquidity in foreign exchange (FX) and cryptocurrency. BEQUANT has been actively developing a one stop solution for institutional clients including its multi-asset exchange, prime [...]
BoE rate-setter: Economy to take ‘extremely large’ hit and inflation to dip April 16, 2020 The UK economy is likely to take an “extremely large” hit from coronavirus and inflation is probably going to to dip below one per cent, one of the institution’s nine rate-setters has said. The Bank has so far slashed interest rates to a record low, started buying up companies’ short-term debt and boosted its bond-buying [...]
Morgan Stanley profit drops by nearly a third April 16, 2020 Morgan Stanley today said profit for the first quarter fell 32 per cent as its advisory and wealth management businesses took a hit from the economic fallout of the coronavirus pandemic. Morgan Stanley’s wealth management unit, which contributes roughly half of its total revenue, fell eight per cent to $4.04bn (£3.23), after it was hit [...]