Oil prices slide as coronavirus and price war roil markets March 16, 2020 Oil prices slipped below $30 a barrel in afternoon trading as an emergency interest rate cut from the US Federal Reserve failed to calm fears about a global recession caused by coronavirus. The Brent crude oil price was last down 11.1 per cent at $30.10, its lowest price since 2016. West Texas Intermediate was down [...]
Coronavirus: Londoners urged to pay attention as Brits told to work from home March 16, 2020 Londoners have been urged to pay “special attention” to new social distancing measures, including working from home and “shielding” of at-risk groups, as coronavirus begins to peak in the UK. Prime Minister Boris Johnson has said Britons should “start working from home where they possibly can,” and should avoid pubs, restaurants and other social environments. [...]
European carmakers shutting plants as coronavirus hammers demand March 16, 2020 Car makers across Europe are shutting their plants and slowing production across Europe in response to the growing coronavirus epidemic. Manufacturers including European giants Fiat Chrysler, Peugeot and Volkswagen are all implementing measures to ease output amid fears from workers about possible infection. Unions across the continent have demanded that stricter hygiene controls be put [...]
Microsoft Teams goes down as people start to work remotely March 16, 2020 Microsoft’s chat and communications tool, Microsoft Teams, went down across Europe as people started to work from home amid the coronavirus outbreak. This morning the tool went down for more than two hours. The company said: “We’re investigating messaging-related functionality problems within Microsoft Teams. If you are a system administrator, please refer to TM206544 in [...]
Coronavirus: Supermarkets mull streamlining stores to cope with spike in demand March 16, 2020 The biggest supermarkets in the UK are mulling cutting cafe, counters and other services to focus on maintaining basic provisions as the demand for essential items and hygiene products soars during the coronavirus outbreak. Bosses are stepping up their contingency plans to keep stores running if staff take sick leave or if a potential mass [...]
Heathrow boss to forego salary as coronavirus hammers airlines March 16, 2020 Senior executives at Heathrow Airport including boss John Holland-Kaye will take pay cuts over the next few months as the UK’s busiest airport tries to limit the damage done by the coronavirus outbreak. Sky News first reported that Holland-Kaye would forego his salary until June, making him the latest of a number of airline and [...]
Walmart edges closer to Asda sale as buyout firms bid March 16, 2020 US retail giant Walmart has edged closer to a sale of Asda after three private equity firms competing to buy the supermarket reportedly made it through to the next stage of bidding. Buyout firms Apollo Global Management, Lone Star Funds and TDR Capital submitted first round offers for the UK grocer and have been invited [...]
Sam Torrance: Seve Ballesteros and the moment that transformed my career March 16, 2020 I have been fortunate enough to accummulate many great memories in my career. Obvious highlights include winning the Pro-Am at the Dunhil Links Championship alongside my son Daniel in 2003 and the Ryder Cup triumphs of 1985, as a player, and 2002, as captain. But without doubt the most poignant moment of my playing days [...]
US stocks plunge again despite Fed coronavirus stimulus March 16, 2020 US stock markets have plunged despite the US Federal Reserve last night again slashing interest rates as investors anticipate a global recession caused by the coronavirus outbreak. The S&P 500 dropped more than eight per cent when Wall Street opened, causing a so-called circuit breaker designed to stop panic selling to kick in. Stocks continued [...]
William Hill suspends dividend as sports cancellations hit betting firms March 16, 2020 William Hill today said it has suspended its dividend due to widespread sports cancellations, sending its shares crashing more than 35 per cent. The betting giant warned the postponement of key sporting fixtures would reduce its earnings by up to £110m. The company, which makes more than half its revenue from its sports book business, [...]
