Weir to exit oil and gas after £379m loss February 26, 2020 Weir Group is to exit its oil and gas business after posting a £379m loss for 2019 today. While Weir enjoyed a strong performance in its mining business, the company warned the US oil and gas market’s poor 2019 performance forced it to slash costs in the range of £35m a year. “North American oil [...]
Covid-19: UK should expect more coronavirus cases, says Matt Hancock as Brazil and Greece confirm positive tests February 26, 2020 The health secretary today told the UK to expect more coronavirus cases as the number of Covid-19 infections spiked in South Korea, while Brazil and Greece confirmed their first cases. In a statement to the House of Commons Matt Hancock said that while only 13 people have tested positive for Covid-19, the UK should expect [...]
Top journalists Nick Robinson and Jon Snow in isolation over coronavirus fears February 26, 2020 The BBC’s Nick Robinson and Channel 4 presenter Jon Snow are both in self-isolation as coronavirus fears take their toll on British journalism. Robinson, who presents Radio 4’s Today programme, said he had been given a “routine precautionary check” for the virus after returning from Vietnam and Cambodia. The former Beeb political editor said he [...]
Coronavirus: Chevron tells Canary Wharf staff to work remotely February 26, 2020 Chevron has told 300 UK staff to work from home over fears a British employee in its Canary Wharf office may have contracted the coronavirus. Traders, as well as exploration and refining staff, must all work remotely until Chevron gets the test results on the affected member of staff, a source told Reuters. “Chevron continues [...]
Japan’s Nikkei sinks after global stocks’ Covid-19 plunge February 25, 2020 Japan’s stock market plummeted overnight after a plunge in global stocks yesterday as investors reacted to a rapid spread of the Cobvid-19 strain of coronavirus outside of China. The Nikkei sank 3.3 per cent after US and European stocks suffered similar falls as Italy revealed a huge rise to 229 cases of the Covid-19 virus. [...]
Coronavirus: Brits returning from Italy told to self-isolate after Covid-19 outbreak February 25, 2020 Brits returning from northern Italy should self-isolate if they experience symptoms associated with the coronavirus outbreak, the UK’s health secretary said today. Matt Hancock advised anyone travelling back to the UK from north of Pisa to stay at home for a period of two weeks if they exhibit flu-like symptoms. It follows Italy confirming seven [...]
Coronavirus: Countries step up preventative measures as death toll rises February 25, 2020 Countries around the world are stepping up efforts to prevent the spread of the coronavirus as the number of confirmed global cases hit 80,000. After the World Health Organization (WHO) warned yesterday that the world should prepare for a possible pandemic, worst-hit countries outside of China such as Italy, South Korea and Japan have all [...]
World Health Organisation ‘concerned’ about growing number of coronavirus cases without a link to China February 22, 2020 The World Health Organisation’s (WHO) chief has admitted the number of cases of coronavirus occurring without a clear link to China is “concerning”. It comes following an announcement from Iran confirming two more deaths, brining the total in the country to four. WHO leader, Dr Tedros Adhanom Ghebreyesus, said the window of opportunity to contain [...]
Escalating coronavirus cases drag down European stocks February 21, 2020 The FTSE 100 fell today as European stocks slipped into the red on news that coronavirus cases outside of mainland China are escalating. London’s blue-chip index dropped 0.63 per cent in early trading to leave the FTSE 100 at 7,390 points. European stocks also retreated into the red. Germany’s Dax dipped 0.2 per cent while [...]
Chinese passenger car sales fall 92 per cent in February February 21, 2020 Chinese sales of passenger cars collapsed 92 per cent on an annual basis in the first 16 days of February as the coronavirus outbreak halted business output across the country. According to China Passenger Car Association (CPCA), only 4,909 vehicles were sold in the period, down from 59,930 in the same period a year earlier. [...]