Market shock: how did investors react to the impact of Covid-19? August 17, 2020 | City Talk Coronavirus brought a decade-long US bull market to an end and sparked a sudden stock market collapse. A surprising proportion of investors responded by taking on more risk. Faced by of one of the biggest economic shocks in history it is little surprise that the vast majority of investors reacted by changing their portfolios. What [...]
Japan’s economy shrinks at record pace as coronavirus wipes out ‘Abenomics’ gains August 17, 2020 Japan was hit by its biggest economic contraction on record in the second quarter as the coronavirus pandemic crushed consumption and exports, keeping policymakers under pressure for bolder action to prevent a deeper recession. The third straight quarter of declines knocked the size of real gross domestic product (GDP) to decade-low levels, wiping out the [...]
Future students won’t forgive universities for poor learning technology August 17, 2020 This year’s intake of undergraduates to universities around the UK are already changing the world. It is the first time where, for most of the first year, their experiences will be fuelled by often remote, digitally-driven courses rather than the typical immersion into a physical campus. Some of the UK’s higher education institutions had some [...]
We clapped for carers – how about a hand for our unsung charity volunteers? August 17, 2020 It’s often said that a crisis brings out the best in people, and that has proven to be true during the coronavirus pandemic. In particular, the way in which charities and voluntary organisations responded to the unprecedented crisis which changed all our lives back in March has been magnificent to see. Many have found themselves [...]
Coronavirus infection rate remains stable across England August 14, 2020 Coronavirus infections across England are levelling off according to the latest figures from the Office for National Statistics (ONS). In its latest update, the ONS said the “small increase” seen in the rate of infection in July had stabilised. Current estimates suggest that 1 in 1,900 people have coronavirus, or 28,300 people in England. The [...]
Lockdown extended in north-west regions of England August 14, 2020 The government extended lockdown restrictions on regions of north-west England today, saying there was no evidence that the coronavirus infection rates in the areas had fallen. “The latest evidence does not show a decrease in the number of cases per 100,000 people in the area, and the health secretary, in collaboration with local leaders, has [...]
Brits dash for the Channel in bid to beat France quarantine August 14, 2020 British holidaymakers are scrambling to get home before they are forced to quarantine for 14 days after the government last night announced that it was removing France from its travel corridors list. According to transport secretary Grant Shapps, there are roughly 160,000 UK holidaymakers currently in France who have been caught out by the ministers’ [...]
Coronavirus: Casinos, theatres and bowling alleys welcome lockdown easing August 14, 2020 The UK’s leisure industry got a much-needed boost this morning after the government announced a further easing of lockdown measures. Theatres, music venues and casinos are among the sites that will be allowed to reopen from tomorrow as the final parts of the Covid-19 shutdown are lifted. Sports arenas, bowling alleys, skating rinks and soft [...]
Grant Shapps: ‘No choice’ but to impose quarantine rules on France August 14, 2020 Transport secretary Grant Shapps has said that ministers had no choice but to remove France from the list of countries exempt from quarantine rules after a spike in coronavirus cases. The restrictions, which were announced late last night, come into effect tomorrow morning at 4 o’clock. Speaking to Sky News, Shapps said: “It’s a dynamic [...]
Easyjet shares sink on France quarantine despite £203m aircraft sale August 14, 2020 Shares in low cost carrier Easyjet fell 5.5 per cent this morning as the government announced travellers from France would have to quarantine on return to the UK. The news came as the airline siad that it had completed the sale and leaseback of 23 aircraft, raising an extra £608m to bolster its liquidity amid [...]