Asian stocks rise as markets pin hopes on global economic recovery June 2, 2020 Asian stocks ground out gains overnight as traders chose to focus on the prospects of a global economic recovery from coronavirus over US-China fears. Japan’s Nikkei jumped 1.3 per cent on Tuesday but Hong Kong’s Hang Seng index rose a comparatively small 0.6 per cent. President Donald Trump’s threat to bring in the military to [...]
Strong economic recovery from coronavirus pandemic predicted June 1, 2020 A strong economic recovery following the coronavirus pandemic is likely, with conditions ripe for a quick turnaround, a report published today said. The unusual nature of this recession could be a silver lining for recovery, the report by Oxford Economics said. GDP has fallen because of a planned, partial economic shutdown, so in theory activity [...]
Why global cities can still thrive despite Covid-19’s impact June 1, 2020 | City Talk The most connected part of global cities could be of even greater value despite an increase in remote working. The Covid-19 pandemic has accelerated our digital future with remote working set to become the norm for many people. But although fewer people will be travelling into cities each day to work in the knowledge economy, [...]
More than 200 travel firms call on government to scrap quarantine plan June 1, 2020 More than 200 travel companies have backed a letter to the government calling on it to reconsider its plans to quarantine individuals entering the UK as a precaution against coronavirus. From 8 June, the government has said that all those entering the UK must quarantine for a period of 14 days in one location. The [...]
Q&A with Stefan Allesch-Taylor: How entrepreneurs can respond to coronavirus June 1, 2020 Professor Stefan Allesch-Taylor CBE is a broadcaster, philanthropist, Professor of the Practice of Entrepreneurship and Fellow at King’s College London. How do you think the pandemic will affect entrepreneurs? Is it a crisis or an opportunity? It’s tough to avoid the obvious here. For some a crisis, for others an opportunity. But unlike most economic [...]
City club the Ned teams up with Centrepoint to feed homeless young people June 1, 2020 One of the City’s best-known members’ clubs has teamed up with youth homelessness charity Centrepoint to provide meals homeless young people during the coronavirus crisis. Along with the Bike Shed Motorcycle Club, the 42 members of staff at the Ned have been making over a hundred meals a day for those living in homeless shelters. [...]
City urges government to hand coronavirus loans to firms hit by EU state aid rules June 1, 2020 UK business groups have urged the government to find a way around EU state aid rules that have stopped British businesses from receiving coronavirus loans. The CBI, British Retail Consortium and UK Hospitality have written to economic secretary John Glen urging him to extend the coronavirus loans scheme to firms that have failed to secure [...]
Ted Baker seeks £95m coronavirus rescue raise as it books £80m loss June 1, 2020 Fashion retailer Ted Baker today set out plans to raise £95m in rescue cash to fund its escape from the coronavirus crisis, as it revealed losses amounted to almost £80m last year. Ted Baker, which was hit by a scandal in 2019 after its founder quit over allegations of misconduct, is selling cut-price shares to [...]
UK and Italy seek to further ease lockdowns as scientists urge caution June 1, 2020 European countries like the UK and Italy are readying themselves to ease lockdown measures further despite scientists urging caution as coronavirus cases continue to rise. The UK is still seeing a steady rise in coronavirus infections but governments face pressure to restart their economies after Europe’s lockdowns triggered the biggest peacetime downturn on record. The [...]
Coronavirus: 2m ‘shielding’ in UK allowed outside from Monday May 31, 2020 Over 2m people in England who have been “shielding” from the coronavirus pandemic due to being deemed extremely vulnerable will be allowed outside for the first time in 10 weeks from Monday. Yesterday the government announced that those who have been following the protocols will be able to go out with members of their family, [...]