Trump blames coronavirus spread on World Health Organisation and pulls funding April 15, 2020 US President Donald Trump last night attacked the World Health Organisation for its handling of the coronavirus outbreak and halted its funding. Trump has become increasingly hostile the the WHO amid criticism of his administration’s coroanvirus response. The US President said the WHO has spread China’s “disinformation” about coronavirus which lead to a wider outbreak [...]
Businesses still struggling to access coronavirus loan scheme, says BCC April 15, 2020 Only two per cent of businesses have successfully managed to access the government’s coronavirus business interruption loan scheme (CBILS), according to a survey published today. Nine per cent of respondents to the survey by the British Chamber of Commerce (BCC) said they were unsuccessful with slow or no response from lenders the main reason cited. [...]
UK retail footfall dives to lowest level on record after coronavirus lockdown April 15, 2020 UK retail footfall fell to the lowest level on record last month after the government ordered all non-essential stores to close during the coronavirus lockdown. Footfall plunged 41.3 per cent in March compared to the previous year, the latest data showed, driven by a drop of 81.4 per cent in the final week of the [...]
Burger King grilled for advertising plant-based burger not suitable for vegans April 15, 2020 Burger King has been given a grilling by the advertising watchdog over its “misleading” claims about a plant-based burger that is not suitable for vegetarians or vegans. In January the fast food chain promoted its new “plant-based” Rebel Whopper burger with the tagline “100% Whopper. No Beef.” Adverts posted to Facebook also branded the new [...]
Coronavirus: Vital to start planning for economic recovery, CBI says April 14, 2020 The head of the UK’s largest business lobbying group has said that the UK must begin to plan its economic recovery from the coronavirus pandemic even while the death toll continues to rise. Speaking to Sky News, Dame Carolyn Fairbairn, the director-general of the CBI, said that “we need to begin to chart a route [...]
The City View from City A.M. with Dame Helena Morrissey April 14, 2020 Join Christian May, City A.M.’s Editor in Chief, for The City View – the daily podcast from City A.M. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS On each edition of The City View podcast, Christian will discuss the most important business and finance stories of the day before introducing a [...]
Top US disease adviser says 1 May too early to reopen country April 14, 2020 The US’ top disease adviser has poured cold water on president Donald Trump’s hopes of restarting the country’s economy on 1 May, describing the target date as “overly optimistic”. Anthony Fauci, the head of the National Institute of Allergy and Infectious Disease, said that health officials would have to be able to test quickly for [...]
US coronavirus deaths hit 25,000 after doubling in one week April 14, 2020 The number of deaths from coronavirus in the US surged past 25,000 today, according to a Reuters tally, marking a doubling of the death toll in just one week. The US, which has the world’s third-largest population, has recorded more deaths from Covid-19 than any other country. In total almost 597,000 cases have been reported [...]
Oil prices slump back below $30 as record production cuts fail to cheer investors April 14, 2020 Oil prices slumped this afternoon on the back of fears from investors that the record production cuts agreed yesterday would not do enough to stabilise global oil prices. Benchmark Brent crude shed six per cent of its value, falling back below $30 a barrel, while West Texas Intermediate fell nearly seven per cent to stand [...]
Coronavirus: New York hospitalisations fall for the first time April 14, 2020 The number of patients hospitalised with coronavirus in New York fell for the first time today, leading to hopes that the virus may have reached its peak in the state. New York governor Andrew Cuomo said that total of 18,697 people were hospitalized across the state, down from 18,825 a day earlier and the first [...]
