Coronavirus: New York Stock Exchange trading floors reopen May 26, 2020 The New York Stock Exchange (NYSE) will today reopen its trading floors following a two-month closure caused by the coronavirus outbreak. In March the bourse announced it would close its trading floor and move to electronic trading for the first time in its history after one employee and a trader tested positive for Covid-19. In [...]
UK arrivals face £1,000 fine if they break two-week quarantine rule May 22, 2020 People arriving in the UK will be fined £1,000 if they refuse to obey a new two-week quarantine rule that will be rolled out to help halt the spread of coronavirus. Home secretary Priti Patel today confirmed that from 8 June anyone arriving in the country will be told to self-isolate for 14 days. Passengers [...]
Alibaba profit tumbles despite Covid-19 lockdown sales boost May 22, 2020 Alibaba today reported a plunge in profit during the fourth quarter as investment losses offset a surge in ecommerce sales during the coronavirus lockdown. The Chinese tech behemoth reported an 88 per cent decline in net income to 3.2bn yuan (£368m) in the three months to the end of March. The group said the decrease [...]
BP slashes management team in half amid green energy push May 22, 2020 BP is cutting the size of its top management team by more than half as part of new boss Bernard Looney’s plan to make the oil giant a net zero emissions company. The FTSE 100 giant will cut its leadership positions to roughly 120 from 250 with many veteran executives set to leave in the [...]
Downing Street says China must respect Hong Kong’s autonomy May 22, 2020 Britain expects China to respect the rights and freedoms of Hong Kong and is committed to ensuring its autonomy, Downing Street has said Beijing has proposed new national security laws which critics argue will erode freedoms and tighten China’s grip over the financial hub. “We are monitoring the situation closely and expect China to respect [...]
UK coronavirus death toll rises by 351 May 22, 2020 A further 351 people have died from coronavirus in the UK, taking the total to 36,393. As of 9am today, more than 2.1m people have been tested, of whom 254,195 tested positive, according to the latest official figures. The number is slightly higher than yesterday, when 338 new deaths were recorded. However, it continues the [...]
Children’s exposure to TV adverts halves over last decade amid rise of streaming May 22, 2020 Children’s exposure to TV adverts has almost halved in the last decade as young people increasingly tune in to streaming services. Children aged four to 15 saw an average of 115.9 ads per week last year, down more than 47 per cent compared to 2008, according to new figures from the Advertising Standards Authority (ASA). [...]
Competition watchdog launches investigation into fake online reviews May 22, 2020 The competition watchdog has opened an investigation into several major websites over whether they are doing enough to protect shoppers from fake and misleading reviews. The Competition and Markets Authority (CMA) said it will probe how the sites detect, investigate and respond to issues such as suspicious reviews — for example where one user has [...]
Covid-19 will change business forever, says Deloitte chief May 22, 2020 The economic and cultural impact of the coronavirus crisis is so severe that it will change business forever, a top Deloitte executive has said. David Sproul, Deloitte’s global deputy chief executive, told City A.M. that rapid changes in working habits and use of technology since the pandemic outbreak would likely never be reversed. “I’m absolutely [...]
Government ‘confident’ of NHS contact-tracing app launch despite delays May 21, 2020 Health secretary Matt Hancock today said he was confident the NHS contact-tracing app would be launched by 1 June despite technical issues that have already caused delays. Hancock said the app, which uses Bluetooth to track and trace coronavirus infections, would be in place to allow an easing of lockdown measures without risking a second [...]
