Coronavirus: Renault chairman says car giant will not be nationalised March 22, 2020 Renault’s chairman is adamant that the French car giant will avoid renationalisation despite the immense pressure being put on the industry by the coronavirus outbreak. Speaking with Le Parisien, Jean-Dominique Senard did not rule out seeking help from the French government, which recently announced sweeping measures to protect businesses, but said a renationalisation “was not [...]
British takeaways call for rent holidays as coronavirus puts businesses ‘on the brink’ March 22, 2020 British restaurants and takeaways have urged retail landlords to grant rent holidays as they battle to survive during the coronavirus outbreak. The British Takeaway Campaign (BTC), which represents restaurants, takeaways and small businesses in the supply chain, called for an immediate three-month freeze on rent ahead of quarterly payments due next week. The group warned [...]
Jeremy Corbyn defends Labour’s election record March 22, 2020 Jeremy Corbyn has defended his 2019 election campaign, saying he was “proud” of the party despite suffering its worst electoral defeat since 1935. Corbyn said his time in office “achieved a great deal” in changing the political agenda and addressing “injustices in Britain”. Labour won just 201 seats in December’s election, which was its worst [...]
Coronavirus: All Ryanair staff to take a 50 per cent pay cut, says Michael O’Leary March 22, 2020 Ryanair boss Michael O’Leary has said he and all of the airline’s staff will have their pay cut in half, as the low-cost carrier attempts to ride out the coronavirus epidemic. Speaking to the Financial Times, the 59-year-old boss of Europe’s biggest airline by passenger numbers said he was working on a best-case scenario of [...]
‘We should all be ashamed’: NHS England boss calls for end to panic-buying March 21, 2020 The medical director of NHS England has said everyone should “be ashamed” that vital healthcare staff were being deprived of supplies due to panic-buying. Stephen Powis called on the public to think of those working long days to look after our loved ones when shopping. The appeal came at the government’s daily coronavirus briefing today, [...]
UK government considers buying equity in airlines to keep them afloat March 21, 2020 The UK government is considering buying equity stakes in airlines and other companies hardest hit by the coronavirus. It comes after warnings that the measures announced by chancellor Rishi Sunak earlier this week will not be enough to save them from collapse. The plans under consideration would see billions of pounds of taxpayer money injected [...]
Goldman Sachs chief David Solomon gets 20 per cent pay rise to $27.5m for his work in 2019 March 21, 2020 Goldman Sachs chief executive David Solomon has been rewarded for his work leading the bank in 2019 with a 20 per cent pay rise. It sees his remuneration package reach a total of $27.5m, which includes $17.85m in performance-linked stock units. That comes on top of his $2m annual salary and a $7.65m cash bonus, the [...]
Coronavirus: Spain cases surge to 25,000 as country suffers biggest jump in daily deaths March 21, 2020 Spain has seen a 25 per cent rise in the number of coronavirus cases in just one day. It was confirmed on Saturday that almost 5,000 new people tested had positive for Covid-19 to bring the total number of coronavirus cases to 24,926, according to the country’s health minister. Spain also saw its biggest jump [...]
European Union to suspend bloc’s budget rules in order to fight coronavirus March 21, 2020 The European Union has formalised an agreement reached by the bloc’s finance ministers earlier this month to suspend EU budget rules. The legislation placed limits on government borrowing but its suspension will now give countries a free hand in fighting the coronavirus. The European Commission proposed late on Friday to activate the “general escape clause” [...]
‘You are not invincible’: WHO chief sends stern coronavirus warning to young people March 21, 2020 The World Health Organisation director-general has warned young people they are “not invincible” to the threat posed by coronavirus. In a stern warning, Dr Tedros Adhanom Ghebreyesus said that Covid-19 could still hospitalise or kill young people, despite older and more vulnerable people being most affected. Speaking at an online news conference from WHO headquarters [...]
