Coronavirus: Number of UK cases rises to 273 March 8, 2020 The number of cases of coronavirus in the UK has risen to 273, the Department of Health and Social Care has announced, up from 209 yesterday. In a tweet, it said that 23,513 people have been tested for the virus so far, with two of those who tested positive having died so far. London has [...]
Saudi Arabia to up oil production after Opec deal falls through March 8, 2020 The Middle East’s stock markets tumbled on Sunday after the three year alliance between oil cartel Opec and Russia collapsed last week. As a result of the botched negotiations over further production cuts, Opec removed all existing output curbs for its members, leading to a string of local equity markets falling over fears of a [...]
Jaguar Land Rover boss says Greta Thunberg’s criticism ‘not justified’ March 8, 2020 The boss of Jaguar Land Rover (JLR) has hit out at Greta Thunberg, saying that climate activists like the Swedish teenager and Extinction Rebellion make “no contribution” and have “no ideas”. Speaking to the Sunday Times, Ralf Speth, JLR’s outgoing boss, described Thunberg’s campaigning as “doing wrong in many areas” by raising issues but not [...]
Coronavirus: Societe Generale latest firm to send staff home March 6, 2020 Yet more banks are taking measures to protect against the spread of coronavirus, with Societe Generale the latest London bank to send people home today. A source told Reuters that more than 50 of its staff were working from home today as the French lender said it had put in place travel restrictions, rotation of [...]
Budget 2020: Pilots call for air passenger duty tax suspension March 6, 2020 The British Airline Pilots Association (Balpa) has called on chancellor Rishi Sunak to suspend air passenger duty in next week’s budget to protect the struggling aviation industry and avoid another airline collapsing like Flybe. Global airlines have been severely damaged by the coronavirus outbreak, with international trade body IATA predicting a 24 per cent reduction [...]
Coronavirus live: Second Brit ‘dies from Covid-19’ as UK cases number 163 March 6, 2020 UK coronavirus cases have hit 163, the government confirmed today, as reports emerged of a second Brit who has died from Covid-19. London’s total number of cases has climbed to 29, up four from yesterday’s 25. England has 147 cases overall, with 13 in the north east and Yokshire, 21 in the north west. There [...]
Anglo American’s platinum arm cuts production after plant shuts March 6, 2020 Anglo American’s shares dropped 9.5 per cent today after the firm’s platinum arm was forced to shut down its platinum plant, declaring force majeure as it did so. The mining giant said that it had done so due to a high risk of an explosion in its phase B unit, which had been commissioned to [...]
Nissan puts £400m into Sunderland factory despite Brexit tariff fears March 6, 2020 Nissan will invest £400m into its Sunderland plant in a much needed boost for the facility, the future of which has been in doubt due to fears over possible tariffs post Brexit. The investment comes as Nissan ramps up its preparations for its new Qashqai model, including a £52m new press line, which was unveiled [...]
Oil prices fall again as Russia rejects further Opec cuts March 6, 2020 Oil prices plunged four per cent today after Russia rejected oil cartel Opec’s proposal to deepen production cuts by an additional 1.5m barrels per day until the end of the year. The drop means that prices are at their lowest point since July 2017 after a source told Reuters Russia would only agree to extend [...]
Virgin Media data breach hits 900,000 customers March 6, 2020 Virgin Media last night admitted that a data breach had seen the personal details of around 900,000 people left unsecured and accessible online for 10 months. The company said that it had not been hacked, but that the breach had been caused because the database was incorrectly configured. It stressed that the database did not [...]
