RBS chairman calls on Bank of England to lift dividend curbs July 3, 2020 The chairman of Royal Bank of Scotland (RBS) has called on the Bank of England to lift curbs on dividends by the autumn to make lenders more attractive to investors. The BoE had told lenders in March to scrap buybacks and dividends until the end of 2020 to bolster their finances in the face of [...]
Quarantine legal challenge begins as measures scrapped for 60 countries July 3, 2020 Three of the UK’s biggest airlines have today begun their legal challenge against the government’s travel quarantine plan, the same day the measures were lifted for 60 countries. In a rare show of unity, rivals British Airways, Ryanair and Easyjet had come together to challenge the blanket restrictions, which say that all those entering England [...]
Aviation industry hails ‘turning point’ as quarantine scrapped for 60 countries July 3, 2020 People from England will be able to go to more than 50 countries from 10 July without having to quarantine on return, the government has announced. The full list of countries will be published later today but ministers have already named France, Germany, Spain and Italy among those exempted from the blanket restrictions. The announcement [...]
Rishi Sunak to make an announcement on jobs support next week, says PM July 3, 2020 Chancellor Rishi Sunak will make an announcement on the government’s coronavirus jobs support schemes next week, Prime Minister Boris Johnson said today. “You’ll be hearing more about what we’re going to do to support people next week from the chancellor Rishi Sunak,” he told LBC in response to a question about what would happen once [...]
Minister defends PM Johnson’s father for visit to Greece July 3, 2020 Stanley Johnson was within his rights to travel to a second home in Greece, transport minister Grant Shapps has said. Johnson, who is the father of Prime Minister Boris Johnson, likely travelled to Greece via Bulgaria as it is currently not possible for Brits to visit Greece due to coronavirus-related restrictions in the country. “It’s [...]
England scraps quarantine for Germany, France, Spain and Italy July 3, 2020 People will be able to go on holiday to Germany, France, Spain and Italy from 10 July without needing to quarantine on return, the Department for Transport has confirmed. A full list of countries that have been deemed exempt from the blanket 14-day quarantine rule will be published on Friday, ministers said. However, the new [...]
Asian stocks climb to four-month high on US jobs data July 3, 2020 Asian stocks rallied to a four-month high today on robust US payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the US kept a lid on further risk-taking. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5%, reaching their highest level since late February, [...]
FTSE bosses: Businesses ready to kickstart UK recovery July 3, 2020 This weekend the UK economy takes a few more important steps towards reopening and rebuilding. And in spite of the human toll the coronavirus has had, so far the public are strikingly optimistic about the future. According to the Edelman Trust Barometer, two-thirds of people believe the pandemic will result in improvements in how we [...]
Up to 75 countries to be exempt from quarantine rules as ‘air bridges’ thrown out July 2, 2020 As many as 75 countries will be exempt from the UK’s blanket quarantine rules, it is reported, suggesting the government has effectively thrown out plans for individual air bridges. The initial list of countries exempt from the restrictions is due to be published before the end of the week, according to the Daily Telegraph. And [...]
Eurozone unemployment rate rises less than expected in May July 2, 2020 The unemployment rate in the eurozone rose less than expected in May, indicating that government measures to protect jobs within the bloc have been successful. While the eurozone’s unemployment rate hit a four-month high of 7.4 per cent, new data from Eurostat showed, economists had expected the rate to rise to 7.7 per cent. Read [...]