Businesses still waiting on £10bn of coronavirus grants April 13, 2020 Thousands of UK businesses are still waiting for £10bn of government grants to be handed over as calls grow louder for the Treasury to expand its set of coronavirus relief measures. Figures from the Local Government Authority show that £1bn of grants have been awarded to 100,000 small businesses, but that many more are still [...]
Oil price rises after Opec+ seals deal on record production cut April 13, 2020 Oil prices rose on Monday after the world’s largest producing oil nations agreed to the largest ever production cut in history to end a price war between Russia and Saudi Arabia. Opec+, consisting of oil cartel Opec and its allies, agreed to cut production of oil by 9.7 million barrels per day, translating into a [...]
Long read: Advertisers look to esports as gamers flock to virtual stadia April 13, 2020 Advertisers might find rich pickings in the world of esports, writes James Warrington Over the last few days, a meme purporting to show a model of a stadium that would seat 1 million people has circulated on social media. The image is probably fabricated and certainly ludicrous — even North Korea has only managed to [...]
Coronavirus: Politicians should reclaim their authority from the medics April 13, 2020 “Those who would give up essential Liberty, to purchase a little temporary Safety, deserve neither Liberty nor Safety.” –Benjamin Franklin In my latest book, To Dare More Boldly: The Audacious Story of Political Risk, I make a startling but—I hope—entirely defensible claim. The pythia of Delphi, the priestesses that were the mouthpieces for Apollo, the Greek [...]
Coronavirus: London hospital admissions stabilise on ‘sombre’ day for UK April 12, 2020 The number of coronavirus patients in London hospitals is stabilising but admissions elsewhere have risen as the UK reached a “sombre” milestone of 10,000 deaths. Speaking at the government’s daily briefing, Yvonne Doyle, medical director of Public Health England, said the number of people in hospital beds in the capital was levelling out, but was increasing [...]
Coronavirus: UK death toll passes 10,000 April 12, 2020 A further 737 people have died from coronavirus in the UK, bringing the total to at least 10,612. In England another 657 patients died from the virus. Earlier today Scotland reported a further 24 deaths, taking the country’s total to 566. Read more: The virus will not over come us, says the Queen Eleven more [...]
City bigwigs urged to help save businesses from coronavirus collapse April 12, 2020 Dozens of the City’s most high-profile denizens have been urged to offer their support to a taskforce that will prop up businesses at risk of collapse due to the coronavirus crisis. A group of more than 40 grandees were on Thursday asked to offer assistance pro bono on everything from legal advice to asset management. [...]
Boris Johnson discharged from hospital as he recovers from coronavirus April 12, 2020 Prime Minister Boris Johnson has been discharged from hospital to continue his recovery from coronavirus, Downing Street has said. Johnson, who was admitted to St Thomas’ Hospital a week ago and spent three days in intensive care, has now moved to Chequers. A No 10 spokesperson said: “On the advice of his medical team, the [...]
RBS pays out 70 per cent of government coronavirus loans April 12, 2020 The vast majority of the emergency coronavirus cash being doled out to small businesses has come from the Royal Bank of Scotland (RBS), the lender has revealed. Taxpayer-backed RBS has so far approved 2,500 loans — roughly 70 per cent — under the government’s coronavirus business interruption loan scheme (CBILS), the Sunday Telegraph reported. The [...]
