Boris Johnson’s condition is ‘improving’ as he battles coronavirus April 8, 2020 Prime Minister Boris Johnson remains in intensive care in St Thomas’ hospital, but his condition is “improving”, chancellor Rishi Sunak has said. Speaking at this afternoon’s press conference, Sunak added that Johnson has “been sitting up in bed and engaging positively with his clinical team”. The chancellor said that the Prime Minister’s hospitalisation was a [...]
UK coronavirus death toll jumps by 938 to pass 7,000 April 8, 2020 The UK coronavirus death toll has jumped by 938 to hit 7,097, the Department of Health has confirmed. The figure marks an increase on the 786 fatalities recorded yesterday, as the daily death toll continues to grow ahead of the Easter weekend. Health officials have warned that the long weekend could see the peak of [...]
Invesco chiefs warn listed companies over cash calls April 8, 2020 Invesco has told listed companies they must make a convincing case for raising “precious and expensive” equity during the coronavirus pandemic. A letter sent by the co-heads of UK equities at Invesco, obtained by Sky News, sets out their expectations for corporate fundraising. It came after the Financial Conduct Authority (FCA) announced temporary measures to [...]
Bernie Sanders drops out of presidential race April 8, 2020 Bernie Sanders has dropped out of the Democratic presidential race, effectively handing the nomination to former Vice President Joe Biden. The Vermont senator made the decision today on a conference call with his campaign team, and he will be making a virtual statement to his followers today. Sanders was the favourite in the race after [...]
Channel 4 to furlough staff in £245m coronavirus cost-cutting plan April 8, 2020 Channel 4 today said it will furlough 10 per cent of staff and implement pay cuts for executives as part of a plan to save £245m during the coronavirus crisis. The broadcaster warned the TV ad market was expected to plummet 50 per cent in April and May as brands pull their campaigns during the [...]
EU hits back at former top scientist during coronavirus row April 8, 2020 The European Union’s top scientific body has hit back at its former chief after he quit last night, saying that he was in fact asked to leave his position. Mauro Ferrari said he resigned from his position as president of the European Research Council (ERC) last night because he had “lost faith in the system” [...]
Amazon to suspend third-party delivery service due to coronavirus April 8, 2020 Amazon will suspend its third-party delivery service in the US as it diverts resources to deal with a huge surge in orders from its own customers. Amazon Shipping, which competed with UPS and Fedex, allowed the ecommerce giant’s drivers to pick up packages from businesses and deliver them to customers — an alternative to shipping [...]
Coronavirus: Global fashion industry set to contract 30 per cent this year April 8, 2020 The global fashion industry is set to contract by up to 30 per cent this year due to the coronavirus outbreak, according to the latest research. The luxury personal goods sector, including jewellery, watches and beauty products, is set to shrink by 35 to 39 per cent. Eight out of 10 listed fashion companies in [...]
Airlines set to save millions as air traffic control payments deferred April 8, 2020 The UK’s airlines could save tens of millions of pounds a month after European governments took steps to allow them to defer payments for using UK and European airspace for 14 months. The new measures, which were agreed by air traffic body Eurocontrol’s member states, will cover the period between February and May 2020. In [...]
US stocks rise on hopes coronavirus is peaking April 8, 2020 US stocks rose at the open as investor confidence grew on hopes that the coronavirus outbreak was peaking. The Dow Jones was up 0.9 per cent in early trading while the S&P 500 was up 0.8 per cent. The Nasdaq was 0.8 per cent higher. All three had finished marginally in the red yesterday. European [...]
