Amazon blows past estimates in revenue and profit beat July 30, 2020 Amazon surprised investors as it beat analyst estimates for second-quarter revenue and profit by a long shot, sealing off a strong quarter for the e-commerce retailer. Amazon reported a net income of $5.2bn in the second quarter, or $10.30 per diluted share, doubling its profit from a year earlier of $2.6bn. Analysts had been expecting [...]
Government imposes quarantine on travellers from Luxembourg July 30, 2020 The government has imposed a 14-day quarantine on people returning from Luxembourg after an increase in the number of coronavirus cases in the country. In a statement this evening, ministers said that from midnight tonight those arriving from the country would have to self-isolate for 14 days. It said that there had been “a consistent [...]
UK reports highest number of new coronavirus cases since June July 30, 2020 The UK this evening reported its highest number of new coronavirus cases in over a month amid rising concerns over a potential second wave of the virus. There were 846 new confirmed infections recorded today, the largest amount since 28 June. Over the last month, the government has slowly eased a number of restrictions, with [...]
Republicans reject Trump’s call for US election delay July 30, 2020 Leading Republican politicians have rejected US President Donald Trump’s calls to delay the US 2020 presidential election, saying the ballot should be held as planned on 3 November. Senate majority leader Mitch McConnell told reporters from his home state of Kentucky that the election would go ahead as scheduled. House Republican leader Kevin McCarthy also [...]
Liberal Democrats leadership race: The long road to relevance July 30, 2020 For the second consecutive summer, Liberal Democrat members will be dragged to the polls to vote in a leadership election. While last year’s contest had a palpable feeling of optimism and excitement for many members, this year’s affair will likely represent the most abject contrast. The Liberal Democrats had surged to an unlikely lead in [...]
Boris Johnson: Coronavirus ‘bubbling up’ in 30 UK areas July 30, 2020 Boris Johnson has warned that coronavirus rates are “bubbling up” in 30 different areas in the UK as fears grow that the country may be on its way to a second wave. Johnson said today that the UK must be alert to the threat of a “really damaging second wave”. Latest figures from NHS Digital [...]
Saudi Arabian takeover of Newcastle United off as bid withdrawn July 30, 2020 The Saudi Arabia-backed bid to takeover Newcastle United football club has been withdrawn this afternoon. A consortium made up of the Gulf state’s Public Investment Fund, PCP Capital Partners and the Reuben brothers had reportedly made a £300m bid to businessman Mike Ashley for the Premier League team. In a statement, the group said: “With [...]
Argos scraps catalogue after 50 years as shoppers move online July 30, 2020 Argos will stop printing its iconic catalogue after almost 50 years due to the increasing shift to online shopping. The retailer said it would stop producing the catalogue due to changing customer shopping habits. The bi-annual catalogue will no longer be regularly printed by the end of January 2021, according to reports. Argos first launched [...]
Markets live: FTSE 100 tumbles as US GDP blow hits Wall Street July 30, 2020 The FTSE 100 slumped below the 6,000 mark after data showed the US economy suffered its biggest contraction on record amid the coronavirus pandemic and banks’ second-half results disappointed investors. The UK’s blue-chip index slid 2.9 per cent to 5,951 points in afternoon trading. The FTSE 250, comprised of slightly smaller firms, fell 1.8 per [...]
Tui to close 166 high street stores and cut 270 jobs July 30, 2020 Package holiday firm Tui will close 166 of its high street stores, it announced today, after a slump in the travel sector caused by the coronavirus pandemic. The tour operator said that the decision will impact 900 jobs, but only 270 of these are at risk of being cut. Tui will try to move the [...]
