Trump to sign executive order about social media amid Twitter spat May 28, 2020 US President Donald Trump will today sign an executive order on social media firms, the White House has said. The move comes after the president became embroiled in a dispute with Twitter, which marked one of his tweets with a fact check warning over its inaccurate claims. Trump yesterday threatened to shut down social media [...]
Cineworld shares soar as it secures $110m cash boost for July reopening May 28, 2020 Shares in Cineworld jumped almost 25 per cent this morning after the chain said it had secured $110m (£90m) from lenders and hoped to reopen cinemas by July. The UK cinema operator said it had secured the cash through an increase in its revolving credit facility. It has also been granted approval to apply for [...]
UK hiring plummets as Covid-19 crisis hits low-income workers May 28, 2020 UK job vacancies crashed almost 60 per cent this month as the coronavirus pandemic sparked the country’s fastest rise in unemployment since 1947, new data has revealed. Live job vacancies have dropped from 820,000 at the beginning of April to just 373,000 in May as fears of a protracted economic downturn grow. The figures, released [...]
Daily Mail owner revenue sinks as Covid-19 hits advertising May 28, 2020 The owner of the Daily Mail today said its media revenue dropped by a third in April as it posted a sharp fall in profit for the first six months of the year. The figures Daily Mail and General Trust (DMGT) posted pre-tax profit of £56m in the six months to the end of March, [...]
Bauer to shutter dozens of radio brands in restructuring plan May 27, 2020 Bauer today said it will shut down almost 50 local radio station brands as it restructures its media empire to form the UK’s largest commercial radio network. Earlier this year the company was given regulatory approval for its takeover of 54 regional stations from Celador, Lincs FM, Wireless and UKRD. Bauer today said that most [...]
EU unveils €750bn stimulus package for Covid-19 recovery May 27, 2020 The European Commission today unveiled a huge €750bn (£670bn) stimulus package to help lift the bloc out of a sharp recession caused by the coronavirus pandemic. The package is set to be divided between €500bn in grants and €250bn in loans, which will be borrowed on financial markets and dispersed to member states. Mandarins hope [...]
Twitter stamps fact check warning on Donald Trump tweet May 27, 2020 A tweet by US President Donald Trump has been marked by Twitter with a warning for the first time ever after its unsubstantiated claims were debunked by fact checkers. In a post published yesterday Trump said there was “NO WAY (ZERO!) that Mail-In Ballots will be anything less than substantially fraudulent”. In the post, which [...]
Hong Kong police clash with protesters over Chinese anthem bill May 27, 2020 Hong Kong riot police fired pepper pellets at protesters today amid a backlash over draconian new legislation that would criminalise disrespecting the Chinese national anthem. Hundreds took to the streets around Hong Kong’s legislative council as MPs gathered to debate the controversial new bill. Riot police were deployed to disperse the protests and at least [...]
Global energy investment set to slump by record $400bn in 2020 May 27, 2020 Global energy investment is expected to suffer its greatest annual fall on record this year due to the coronavirus crisis. Investment is set to crash by $400bn (£325bn) — or 20 per cent — in 2020, according to the International Energy Agency (IEA). At the start of the year, funding was on track for a [...]
Halfords to reopen 53 stores after Covid-19 lockdown May 27, 2020 Halfords today said it will reopen 53 stores across the UK after it was forced to close down its physical operations due to the coronavirus crisis. The bicycle and car parts retailer was granted essential retailer status following the lockdown, meaning it was able to keep 335 of its 446 stores open. However, these operated [...]
