Oil prices drop again as coronavirus cases escalate February 28, 2020 Oil prices fell again today as the spread of the coronavirus cast uncertainty over the world economy. Oil prices saw further falls after an initial rally today after yesterday’s slump. A spike in the number of coronavirus cases dragged prices back down, along with the world’s stocks. Brent Crude plunged almost five per cent to [...]
Amazon bans 1m fake coronavirus products February 28, 2020 Amazon has had to remove more than 1m products from its marketplace that claimed to protect from or cure the coronavirus. The retailer said it had also removed “tens of thousands” of overpriced health products, according to Reuters. It comes after the World Health Organisation expressed concern about companies trying to profit off the outbreak [...]
Coronavirus: Baker McKenzie clears out London HQ as staff member who went to Italy falls sick February 28, 2020 Law firm Baker McKenzie has ordered all 1,100 staff in its London office to work from home today after fears a member of staff may have contracted the coronavirus. Baker McKenzie told employees to work remotely after the staff member came back from northern Italy, which has seen a spike of hundreds of coronavirus cases [...]
Coronavirus: the investment impact in seven charts February 28, 2020 | City Talk The spread of coronavirus, COVID-19, beyond China has created fresh uncertainty for the global growth outlook and sparked volatility in financial markets. Outbreaks in South Korea, Iran and Italy have raised concerns that the spread outside of China may be accelerating. We offer key facts on the spread of the virus, interspersed with views from [...]
Coronavirus risks UK economic downgrade, Mark Carney warns February 28, 2020 The UK faces the prospect of faltering economic growth as a result of the coronavirus outbreak, Bank of England governor Mark Carney warned today. The Bank has already spotted a squeeze on world supply chains from the coronavirus epidemic that started in China at the turn of the New Year, Carney said. While it is [...]
Oil sinks to lowest price in a year as virus fears grow February 27, 2020 Oil prices today hit their lowest level since January last year as fears about the impact of the coronavirus on the world economy grew. Brent crude was down 4.3 per cent to $51.14 a barrel this afternoon as the virus continues its spread outside of China. Any impact on global consumption or manufacturing patterns will [...]
Coronavirus: Global stocks spill $3 trillion as Covid-19 sends FTSE 100 staggering February 27, 2020 European stocks tumbled yet again today as fresh coronavirus concerns saw the FTSE 100 sink three per cent this afternoon as stock markets across the world dropped sharply. London’s blue-chip index plunged far below 7,000 points to 6,831.2 today after Australia’s Prime Minister warned the world is on the brink of a coronavirus pandemic. Cases [...]
Two new UK coronavirus cases confirmed to bring total to 15 February 27, 2020 Two more British patients have tested positive for the coronavirus, raising the total number of UK coronavirus cases to 15. The new patients did not pick up the coronavirus in China but it was passed onto them in Italy and Tenerife. They are now being treated at the NHS’ specialist infection centres in Royal Liverpool [...]
Coronavirus: Mipim organisers insist event will go ahead February 26, 2020 Organisers of the international property conference Mipim have insisted the event will go ahead in Cannes next month despite a spike in coronavirus cases in Europe. In a statement yesterday event organisers said that Mipim 2020 “will be open for business” from 10 March, saying “all clients who are not affected by national or local [...]
Coronavirus: Ireland v Italy Six Nations match postponed due to outbreak in Italy February 26, 2020 The Ireland v Italy men’s and women’s Six Nations games scheduled for Dublin next weekend have been postponed because of the coronavirus. Irish health minister Simon Harris said last night that the men’s Six Nations game scheduled for 7 March should not go ahead. The women’s game scheduled for the following day and the under-20 [...]