How badly will coronavirus hit UK house prices in 2020? July 29, 2020 Property experts hope a stamp duty holiday and relaxed lockdown restrictions will protect UK house prices from a sharp coronavirus fall this year. At the height of lockdown, experts predicted that UK house prices could fall by as much as 10 per cent this year due to the impact of coronavirus. However, chancellor Rishi Sunak [...]
Barclays urges staff back to the office as HSBC eyes September return July 29, 2020 Barclays boss Jes Staley has indicated he wants employees to return to the office, as HSBC reportedly tells its staff they can work in Canary Wharf from September. Speaking to Bloomberg TV today, Staley said: “It is important to get people back together in physical concentrations.” He has previously said big city offices “may be [...]
Tui UK cancels flights to Spanish islands until 4 August July 29, 2020 Package holiday firm Tui UK has today cancelled all of its holidays to the Balearic and Canary Islands until 4 August after the government’s decision to implement a mandatory quarantine on all travellers from Spain. The tour operator had already cancelled all holidays to the Spanish mainland until 10 August. Tui said the cancellations would [...]
Covid-19 could push up prices for online shoppers, experts say July 29, 2020 Online shoppers could face more expensive deliveries as e-commerce retailers grapple with mounting costs due to soaring demand during the coronavirus pandemic, according to the latest research. The spike in demand for home deliveries during the coronavirus pandemic has increased costs for retailers, which will eventually be shared with consumers, experts said. Online sales surged [...]
Tiktok boss attacks Facebook as parent firm weighs $50bn takeover bid July 29, 2020 Tiktok’s chief executive Kevin Mayer has launched a stinging rebuttal against Facebook, accusing it of using patriotism as a way to unfairly target the short-form video app. In a blog post today, Mayer criticised Facebook for pushing for higher scrutiny on Tiktok’s Chinese origins. “At TikTok we welcome competition. We think fair competition makes all [...]
Boeing warns of further job cuts as coronavirus sends planemaker to $2.4bn loss July 29, 2020 Aerospace giant Boeing warned that it was considering further job cuts due to the coronavirus pandemic as the planemaker fell to a $2.4bn (£1.9bn) second quarter loss. In a letter to employees, chief executive Dave Calhoun wrote that the prolonged impact of the disease had caused “further reductions in our production rates and lower demand [...]
Does Covid-19 mark the beginning of the end for cash? July 29, 2020 Many European countries were already moving away from cash transactions and the pandemic will only speed up this trend. The Covid-19 crisis has changed our daily lives in multiple ways and accelerated a number of trends that were already in place. For many of us, one obvious change is that the need to use cash [...]
Q&A: Why electric trucks could help EU meet CO2 targets July 29, 2020 To meet new EU regulations on CO2 emissions for trucks, manufacturers will have to ramp up production of battery electric trucks and then hydrogen fuel cell trucks. Trucks emit between 6-7% of total CO2 emissions globally. The European Union (EU) introduced its first ever CO2 emissions regulations for heavy duty trucks last year. This followed [...]
Turkey passes controversial law to regulate social media content July 29, 2020 Turkey today passed a law which allows the government to control social media platforms, despite strong criticism that it will increase censorship in the country. The law requires foreign social media sites to appoint representatives based in Turkey to address authorities’ concerns over content. Officials can set deadlines for removal of material they take exception [...]
Gold hits record high – but is it really too expensive? July 29, 2020 Even as it reaches new highs, we don’t think it’s time to grow concerned about the price of gold, or gold equities. Here’s why. The gold price has been rising steadily and on Monday (27 July) hit an all-time high of $1,944/oz, beating its previous record high of $1,922 from 2011. Chart 1: The gold [...]
