Railways introduce crowd control measures to help stop coronavirus spread May 18, 2020 Rail and Tube chiefs today put in place crowd control measures at stations around the UK and added more train services amid fears overcrowding could help spread coronavirus. Last Sunday Prime Minister Boris Johnson encouraged those who could not work from home to go back to work in an easing of the coronavirus lockdown. Network [...]
All care homes residents and staff to be tested for coronavirus by early June, health secretary says May 15, 2020 Health secretary Matt Hancock told the government’s daily coronavirus briefing today that all care home patients and staff would be tested for covid-19 by early June. The government has been critcised for the measures taken to protect care home residents from covid-19 which is still a serious problem in the care system. Hancock said there [...]
Central London’s streets to be car-free under new mayoral plan May 15, 2020 Miles of London’s streets will be car-free under a new plan announced by the mayor to encourage cycling and walking and to help the transport system cope with social distancing. Sadiq Khan said the plan would transform parts of central London into one of the largest car-free areas in any capital city. “Covid-19 poses the [...]
UK approves Abbott’s coronavirus antibody test May 15, 2020 The UK has given approval to US drugmaker Abbott Laboratories to produce a coronavirus antibody test, Public Health England said today. Public health authorities had previously given the green light to Switzerland’s Roche to make a coronavirus antibody test. Mass antibody testing is being considered by many countries as a way to help escape from [...]
Monzo faces steep valuation drop in coronavirus funding round May 15, 2020 UK challenger bank Monzo is reportedly raising a fresh round of cash from investors at a 40 per cent discount to its previous fundraising. The fintech is close to sealing a deal that will value it at around £1.25bn, compared to a valuation of more than £2bn at its previous funding round in June, according [...]
William Hill share price jumps on hope Bundesliga betting turns around its fortunes May 15, 2020 Bookmaker William Hill’s shares rose this morning on hopes that the return of Bundesliga football in Germany and horse racing will help it emerge from the crisis. William Hill said total net revenue plunged 57 per cent in the weeks following the start of coronavirus lockdowns in Europe and North America. The bookmaker has warned [...]
TfL agrees £1.6bn bailout deal with government May 14, 2020 TfL tonight agreed a £1.6bn bailout deal with central government after London mayor Sadiq Khan warned that without an emergency cash injection the transport system would run out of cash. The bailout is made up of £1.1bn in cash with a £500m loan. Number 10 has attached a number of conditions to the bailout including [...]
France to push ahead with tax on internet giants despite US anger May 14, 2020 France will push ahead with its tax on internet giants this year, its finance minister said today. In January France offered to suspend its tax on big digital companies’ income in until the end of the year while an international agreement on cross-border taxation was negotiated this year. “Never has a digital tax been more [...]
Trump says Chinese companies could be forced to follow US accounting standards May 14, 2020 The US government is thinking about imposing stricter requirements on Chinese companies listing on the US stock exchange as President Donald Trump ramps up the pressure on China amid the coronavirus pandemic. Chinese companies do not have to follow US accounting standards, which has led to incidences of fraud and caused investor losses. Trump told [...]
UK coronavirus deaths rise by 428 to 33,614 May 14, 2020 The number of coronavirus deaths in the UK has risen by 428 to 33,614 people, according to the Department of Health. The latest death toll counts those who tested positive for coronavirus and died by 5pm on 13 May. The health department said there have been 2,219,281 coronavirus tests as of 9am today, with 126,064 [...]