Investors expect even higher returns from the stock market in years ahead – despite coronavirus shock August 10, 2020 Savers predict annual returns of 10.9% from their stock market investments, even as Covid-19 halted the longest economic expansion on record and plunged the world into deep recession. Investors continue to hope for double-digit yearly total returns from their portfolios, despite the huge blow inflicted on the global economy by the Covid-19 pandemic, according to [...]
Tech giants join legal challenge against Trump worker visa ban August 10, 2020 A number of tech giants have pledged their support to a legal challenge against a ban on foreign worker visas by US President Donald Trump, aimed at preserving jobs for Americans during the pandemic. Apple, Microsoft, Amazon, Facebook, Netflix and Twitter were among 52 companies that signed the legal brief, which was filed in a [...]
UK economy: Britain braced for GDP and jobs hit August 10, 2020 The full extent of the Covid-19 crisis on the UK economy is set to be laid bare this week with the release of two key reports. While economists have been at odds over the speed of the country’s recovery from the pandemic, this week’s figures from the Office for National Statistics (ONS) are likely to [...]
Top City restaurateur explores outdoor seating in post-lockdown Square Mile August 10, 2020 A top London restaurateur is preparing to launch an outdoor seating area at his venue Bank in a bid to encourage consumers to visit the Square Mile restaurant following the UK’s coronavirus lockdown. The outdoor seating plans at 1 Lombard Street, which restaurant boss Soren Jessen is preparing to submit to the City of London [...]
UK records another 816 positive coronavirus cases August 10, 2020 Health authorities today recorded 816 confirmed cases of coronavirus, falling back from the previous day’s total which had been the highest daily rise in infections since late June. A total of 311,641 people have now tested positive for coronavirus, official data on cases showed. The daily rate is unusually high for a starting week figure, [...]
Lebanon’s government expected to step down after Beirut explosion August 10, 2020 Lebanon’s government is expected to step down today, less than a week after a huge explosion destroyed large parts of Beirut and killed more than 220 people and wounded more than 7,000. Sources have told CNN that Prime Minister Hassan Diab’s government will quit by tonight and will be reduced to caretaker status. Diab is [...]
London restaurants urge Sadiq Khan to drop congestion charge August 10, 2020 London’s restaurants and bars have called on Sadiq Khan to drop the congestion charge and encourage public transport use to boost visitor numbers following months of coronavirus lockdown. In a letter signed by top chefs and restaurateurs, including St John’s co-founder Trevor Gulliver, Angela Hartnett and D&D London’s David Loewi, the industry has urged Khan [...]
McDonald’s sues former chief Easterbrook over alleged sexual conduct with staff August 10, 2020 McDonald’s has filed a lawsuit against its former chief executive Steve Easterbrook, after accusing him of having several sexual relationships with colleagues. The fast food chain is suing Easterbrook to to recover his exit package, worth tens of millions of dollars, after an internal investigation found that he had sexual relationships with multiple employees. Easterbrook [...]
Activist investor Everest prevails in Petropavlovsk board battle August 10, 2020 Investor Everest Alliance has prevailed in a bitter boardroom showdown with Petropavlovsk as shareholders elected not to reappoint former chief executive Pavel Mavlovskiy. Shares plummeted on the back of the results, falling 8.7 per cent in the immediate aftermath of the meeting. Along with six other directors, Mavlovskiy was voted out at the firm’s previous [...]
Boris Johnson ‘deeply concerned’ by Jimmy Lai arrest August 10, 2020 The government has accused China of using its new security law to “silence opposition” in Hong Kong after media tycoon Jimmy Lai was arrested today. Lai, 71, is one of the most prominent democracy activists in the Chinese-ruled city and an ardent critic of Beijing. He has become the most high-profile victim of a Beijing-backed [...]
