Business and professional services boosts UK economic output in May May 30, 2021 The City of London’s dominant business and professional services industry put rockets under the UK’s private sector business activity in the three months to May, according to the latest CBI monthly gorwth survey. Business and professional services activity grew at a survey record pace, gorwing at a rate of 50 per cent, up from a [...]
Deadly black fungus outbreak declared an epidemic as cases climb to 12,000 in Covid-hit India May 29, 2021 A range of states across India have declared the outbreak of a rare black fungus an official epidemic, as the total number of cases has hit more than 12,000. Yesterday alone, the government of Delhi reported 153 new cases of the mysterious fungal infection Mucormycosis. It is not contagious but its rapid rise in recent [...]
Report: Festivals risk losing another summer unless government support kicks in May 29, 2021 Music festivals are looking at another ‘lost summer’, a report has said today, due to the lack of government plans to back insurance for events at risk of cancellation due to Covid-19. The report, by the Department for Digital, Culture, Media and Sport (DCMS) committee, calls on ministers to offer a safety net for live [...]
England’s R rate climbs above 1 with London and the North West showing highest rates May 28, 2021 England’s R rate is now estimated to be between 1 and 1.1, meaning the virus is steadily growing, with some parts of the country worse affected than others. The epidemic could be growing as much as 3 per cent per day, according to the latest government figures. London and the North West have the highest [...]
Johnson & Johnson single-dose Covid-19 vaccine approved for UK use May 28, 2021 The medicines regulator has approved Johnson & Johnson’s Covid-19 vaccine for use, making it single-shot vaccine available in the UK. The vaccine, developed by J&J’s pharmaceutical arm Janssen, has shown to be 67 per cent effective against moderate to severe Covid-19, according to reports. The UK has order 20 million doses of the vaccine. “As [...]
Exclusive: Meet the former UBS and JPMorgan heavyweights shaking up private banking May 28, 2021 As the economy is slowly switching into recovery gear, activity in the City and beyond is starting to pick up again. That is also the case for Vestrata, a relatively new fintech player that is taking the wealth management and private banking space by storm by bring machine learning and automated risk metrics into the [...]
Covid-19: Businesses could be forced to stay shut after 21 June in local lockdown scenario May 28, 2021 Businesses could be forced to stay shut after 21 June in local lockdown scenario
Bank holiday: Pubs predict 21m fewer pints sold and £80m in lost sales May 28, 2021 Bank holiday: Pubs predict 21m fewer pints sold and £80m in lost revenue
Breakthrough saliva test detects Covid in 5 minutes May 28, 2021 Researchers in Australia have developed a new Covid-19 test which can give results in just five minutes. The prototype, which uses a portable instrument to detect the virus in saliva samples, has been developed by Monash University in Melbourne and the Peter Doherty Institute for Infection and Immunity. After patients dribble into a sterile container, [...]
UK cases of Indian Covid variant double to nearly 7,000 in one week May 27, 2021 A total of 6,959 cases of the Indian variant of coronavirus have now been confirmed in the UK, Public Health England said. The figures are up to 26 May, and represent a rise of 3,535 on the previous week. The Government said a further 10 people had died within 28 days of testing positive for [...]