Slumping economy, surging stock market– what’s going on? May 18, 2020 | City Talk While tens of millions of Americans were losing their jobs, the stock market in April produced its best monthly return in over 30 years. We look at what’s behind this apparent disconnect. 36 million Americans filed for unemployment claims over the past eight weeks. US GDP plunged by 4.8 per cent in the first quarter [...]
TV scripts get coronavirus rewrite as broadcasters resume filming May 18, 2020 TV scripts will have to be rewritten and stars will be made to apply their own makeup under new coronavirus safety guidelines outlined by the UK’s major broadcasters today. The BBC, ITV, Channel 4 and Sky were among the broadcasters to sign up to a new framework that will allow filming to resume on popular [...]
The 20 busiest Tube stations TfL wants commuters to avoid May 18, 2020 Transport for London has issued a list of the Tube stations that commuters should try to avoid as more people begin to return to work after lockdown. From today, London’s transport network will aim to run 75 per cent of Tube services and 85 per cent of bus services. Government advice remains that those who [...]
Government to review 14-day quarantine plan every three weeks May 18, 2020 The government will review its 14-day quarantine measure for incoming travellers to the UK every three weeks, the prime minister’s spokesman has said. Speaking at a briefing for journalists, the spokesman said: “Any changes brought in will be subject to a rolling review every three weeks to ensure they are in line with the latest [...]
Covid-19 will boost London’s status as leading tech hub, says industry chief May 18, 2020 The coronavirus crisis will bolster London’s position as a leading global tech hub as society becomes increasingly reliant on the digital economy, a top industry boss has said. Russ Shaw, founder of London Tech Advocates, told City A.M. that the Covid-19 pandemic will “catapult London forward” and help cement the UK’s status as a “tech [...]
Coronavirus will slow pace of globalisation, warn financial leaders May 18, 2020 Financial leaders are concerned the outbreak of coronavirus is having a slowing effect on globalisation, as the prospect of a global recession looms. Three quarters of senior leaders based in Luxembourg’s financial centre do not expect economic conditions to normalise to pre-crisis levels for at least a year. Additionally, 82 per cent of respondents to [...]
Competition watchdog seeks emergency powers to tackle coronavirus profiteering May 18, 2020 The UK’s competition watchdog has told the government it needs emergency powers to crack down on firms profiteering from the coronavirus crisis. The Competition and Markets Authority (CMA) said it needs emergency time-limited legislation to tackle companies that have increased prices for high demand products such as hand sanitiser during the pandemic. CMA chief executive [...]
Railways introduce crowd control measures to help stop coronavirus spread May 18, 2020 Rail and Tube chiefs today put in place crowd control measures at stations around the UK and added more train services amid fears overcrowding could help spread coronavirus. Last Sunday Prime Minister Boris Johnson encouraged those who could not work from home to go back to work in an easing of the coronavirus lockdown. Network [...]
Ryanair cuts 2021 traffic target again over coronavirus, but boosts profit May 18, 2020 Ryanair has slashed its passenger traffic target by another 20 per cent for 2021 as it recorded a 13 per cent rise in profit after tax for its latest full-year. The budget airline revealed the profit jump today but warned it may pull out of some of Europe’s airports over coronavirus travel bans. Michael O’Leary’s [...]
Visitor numbers at UK shopping destinations dive in coronavirus lockdown May 18, 2020 The number of visitors to UK shopping destinations collapsed last month during the coronavirus lockdown, according to the latest research. UK footfall plunged 84.7 per cent in April, a record decline for the retail industry, due to the mandatory coronavirus lockdown that forced shops to close and restricted the movement of consumers. Shopping centre footfall [...]