Airbus ‘may need government help’ if crisis continues March 17, 2020 European aircraft manufacturer Airbus has suggested that some government support may be needed if the coronavirus crisis lasts several months. The aerospace giant could seek measures to improve liquidity such as state-guaranteed credits, Reuters reported, citing three people familiar with the matter. The prospect of a worse-case scenario is said to have been discussed in [...]
Coronavirus: All Trafalgar Square events cancelled March 17, 2020 All events set to take place at Trafalgar Square have been cancelled by City Hall until further notice. Mayor of London Sadiq Khan took the step today to shut down events at the public square, after further social distancing measures were advised by the government yesterday to combat the spread of Covid-19. This means the [...]
Coronavirus: Major cinema chains close all sites March 17, 2020 The UK’s major cinema chains have announced they will close immediately after the government yesterday ramped up the fight back against coronavirus. Odeon, Vue, Picturehouse and Cineworld have all announced the closure of all their sites across the UK, while London’s BFI Southbank has also temporarily shut after the public were told to avoid public [...]
Global fund manager sentiment collapses on coronavirus fears March 17, 2020 Sentiment among global fund managers has collapsed due to coronavirus and the oil shock as investors increasingly expect a global recession and fear the surging risk of debt defaults. The Bank of America (BoA) global fund manager survey showed sentiment crashing close to 2008/9’s “bear extremes”, with the biggest drop in global growth expectations on [...]
Coronavirus: Government advises against ‘all but essential’ international travel March 17, 2020 The Foreign Office has advised against “all but essential” international travel in a dramatic increase in measures to combat the spread of coronavirus. Foreign secretary Dominic Raab said today that the advice would be implemented with “immediate effect” and would be introduced for 30 days initially. Raab said the new measures were needed to prevent [...]
Airports could close without government action March 17, 2020 Airports in the UK could be forced to close if the government does not take urgent action. This warning by the Airport Operators Association (AOA) comes as travel across the world is disrupted due to coronavirus. Foreign secretary Dominic Raab has advised against “all but essential travel outside the UK for 30 days” in a [...]
London brewers launch ‘Pub in a Box’ for self-isolation March 17, 2020 East London-based Signature Brew has launched a “Pub in a Box” for those self-isolating amid the coronavirus outbreak. It comes just a day after Prime Minister Boris Johnson urged Brits to avoid the pub as part of measures designed to encourage “social distancing” amid the global pandemic. Founder Sam McGregor said the Pub in a [...]
German investor morale collapses on coronavirus epidemic March 17, 2020 Morale among German investors has fallen through the floor amid the coronavirus outbreak, a survey showed today, as a global recession becomes increasingly likely. The closely-watched ZEW think tank sentiment survey crashed to minus 49.5 in March from 8.7 in February. This took it to levels not seen since the financial crisis of 2008 and [...]
Sadiq Khan says schools could face coronavirus closure within two weeks March 17, 2020 Sadiq Khan has advised that schools could be closed within the next two weeks as a part of increasing isolation measures to combat the coronavirus. Boris Johnson announced a swathe of new recommendations yesterday, including for people to avoid “unnecessary travel” and to stop going to pubs, restaurants and theatres. Large public gatherings have also [...]
