Coronavirus: ‘This is not a drill’, warns WHO boss as Covid-19 continues to spread March 6, 2020 The head of the World Health Organisation has warned that the continued spread of the coronavirus is “not a drill” as the number of worldwide cases approaches 100,000. WHO‘s director-general Dr. Tedros Adhanom Ghebreyesus said it would require significant action from public health authorities to contain Covid-19. Tedros admitted he was concerned by the lack [...]
Coronavirus: Asian stocks follow US into the red as infections near 100,000 March 6, 2020 Coronavirus cases approached the 100,000 mark today as volatility sparked by the global spread of the Covid-19 disease hurt Asian stocks and Wall Street. Asian stocks endured a torrid day of trading as Japan’s Nikkei plunged 2.7 per cent and Hong Kong’s Hang Seng index sank 2.3 per cent overnight. Asian stocks slumped as traders [...]
JP Morgan moves London staff amid coronavirus outbreak March 5, 2020 JP Morgan is sending some employees to backup locations to reduce disruptions if employees are exposed to coronavirus. In a memo sent to staff, head of sales Marc Badrichani and head of trading, Troy Rohrbaugh, said the company has “started to test and implement alternative working arrangements for employees in New York and London”. “Dividing [...]
Covid-19: First coronavirus death in the UK March 5, 2020 A patient with underlying health conditions has died after testing positive for coronavirus, according to the Royal Berkshire NHS Trust. In a statement on its website, the hospital said: “Sadly, we can confirm that an older patient with underlying health conditions has died. The patient has previously been in and out of hospital for non-coronavirus [...]
Number of UK coronavirus cases hits 115, with 25 in London March 5, 2020 UK coronavirus cases rose again today from 85 to 115, with London counting 25 Covid-19 infections. Included in today’s figures were 25 new cases in England, and 30 new cases since yesterday’s total. “All are being investigated and contact tracing has begun,” the Department of Health tweeted. A total of 18,083 people in the UK [...]
Goldman Sachs and UBS expect Bank of England rate cut March 5, 2020 Investment banking giants Goldman Sachs and UBS are both predicting that the Bank of England will cut interest rates in response to the coronavirus outbreak. Goldman analysts expect the BoE will slash rates by 50 basis points (0.5 per cent) at its meeting next month, saying that the epidemic is likely to push the UK [...]
Coronavirus: the economic impact March 5, 2020 | City Talk The coronavirus threatens to derail the revival in global economic growth which began in the latter part of 2019. Economic indicators up to January continued to show an improvement in activity with business surveys signalling rising orders and output. However, confidence in the sustainability of the upswing has been undermined by the virus, officially known [...]
IMF provides $50bn for countries hit by coronavirus outbreak March 5, 2020 The International Monetary Fund has announced $50bn (£39bn) of emergency funding for countries hit by the coronavirus epidemic. The IMF warned last night that the Covid-19 outbreak, which has reached 70 of the organisation’s 189 member countries, has already pushed global growth for 2020 below last year’s level. “Global growth in 2020 will dip below [...]
Coronavirus: UK retailers launch action plan to win back Chinese visitors March 5, 2020 Retailers have this morning launched a battle plan to tackle the impact of coronavirus on the sector, as a sharp drop in Chinese visitors has hurt UK high streets. The international retail sector has set up a new Association of International Retail, which has unveiled a recovery plan for the industry which will be put [...]
A Flu to a Kill: James Bond film No Time To Die delayed over coronavirus March 4, 2020 The release date of the eagerly-anticipated new James Bond film has been pushed back seven months due to the coronavirus. No Time To Die, which will feature Daniel Craig in his final appearance as 007, was due to be released in the UK on 2 April. But a statement released today on the dapper spy’s [...]