Top US disease adviser says 1 May too early to reopen country April 14, 2020 The US’ top disease adviser has poured cold water on president Donald Trump’s hopes of restarting the country’s economy on 1 May, describing the target date as “overly optimistic”. Anthony Fauci, the head of the National Institute of Allergy and Infectious Disease, said that health officials would have to be able to test quickly for [...]
Oil prices slump back below $30 as record production cuts fail to cheer investors April 14, 2020 Oil prices slumped this afternoon on the back of fears from investors that the record production cuts agreed yesterday would not do enough to stabilise global oil prices. Benchmark Brent crude shed six per cent of its value, falling back below $30 a barrel, while West Texas Intermediate fell nearly seven per cent to stand [...]
Coronavirus: New York hospitalisations fall for the first time April 14, 2020 The number of patients hospitalised with coronavirus in New York fell for the first time today, leading to hopes that the virus may have reached its peak in the state. New York governor Andrew Cuomo said that total of 18,697 people were hospitalized across the state, down from 18,825 a day earlier and the first [...]
GSK partners with Sanofi to develop coronavirus vaccine April 14, 2020 Pharmaceuticals giant Glaxosmithkline (GSK) has joined forces with French drugmaker Sanofi to develop a vaccine for the coronavirus disease. The two firms said that they were planning to begin clinical trials for the new treatment in the second half of this year. If successful, it is hoped that the vaccine would become available in the [...]
Renault quits China partnership to focus on Nissan alliance April 14, 2020 French car giant Renault has scrapped its joint venture with Chinese firm Dongfeng Motor Group due to weak sales at the loss-making partnership. A general slowdown of sales in the world’s biggest auto market will be compounded by this year’s coronavirus pandemic, which has led to a widespread shuttering of factories and showrooms across the [...]
Coronavirus set to cost the world’s airlines up to $314bn April 14, 2020 The coronavirus pandemic will cost global airlines up to $314bn (£249.6bn) in revenues, industry body the International Air Transport Association (IATA) has said. The figure reflects a 55 per cent fall in passenger revenues year-on-year, with air traffic expected to decline by 48 per cent. In March IATA had estimated a hit of $252bn, which [...]
Easyjet founder refers airline to watchdog over Airbus deal April 14, 2020 Easyjet founder Sir Stelios Haji-Ioannou has referred the airline to the Financial Conduct Authority (FCA) for not showing “the highest standards of disclosure and transparency” in its decision to defer the order of 24 new aircraft from Airbus. Haji-Ioannou has been locked in a spat with the budget carrier’s executives over a deal for 107 [...]
Matt Hancock urges public to stay at home over Easter as PPE plan published April 10, 2020 Health secretary Matt Hancock has urged people to stay at home over the Easter weekend in order to protect the NHS from the coronavirus crisis. “However warm the weather, however tempting your local beach or park, we need everyone to stay at home”, he added. Hancock’s plea came as the death toll in the UK [...]
Coronavirus: US consumer prices fall by largest amount in five years April 10, 2020 US consumer prices fell by the largest amount in five years in March due to the impact of coronavirus, with further decreases expected as the virus squeezes demand for goods and services. The US labor department said that the consumer price index dropped 0.4 per cent last month due to plummeting prices for petrol, hotels, [...]
NHS England reports 866 more deaths as global fatalities approach 100,000 April 10, 2020 NHS England has reported 866 more deaths from coronavirus in the last 24 hours, taking the total number of those who have died in England’s hospitals to 8,114. Those who died were aged between 27 and 100, and 56 of them had no known underlying health condition, it said. The largest number of hospital deaths [...]
