Retail footfall jumps as UK coronavirus cases rise March 16, 2020 Retail footfall spiked at the end of last month as consumers rushed to the shops to stock up due to the spread of coronavirus in the UK. Retail footfall in February was down two per cent year on year due to several storms during the month. However, the final week of the month saw a [...]
Coronavirus: Government will brief public daily on outbreak March 15, 2020 The government will now hold a daily press conference to brief the public on the coronavirus outbreak, Downing Street has said. Number 10 had come in for criticism over the weekend over its perceived lack of transparency regarding sharing information about the disease. As of tomorrow, however, Prime Minister Boris Johnson or another Cabinet minister [...]
Exclusive: Sadiq Khan to hold emergency economic summit March 15, 2020 City A.M. understands that London mayor Sadiq Khan has convened an emergency meeting of business leaders, being held tomorrow, to listen to the concerns of the capital’s firms. “The moves in the Budget were welcome but there’s an understanding that some of them won’t go far enough for businesses in the capital,” a source close [...]
Federal Reserve slashes interest rates to zero amid coronavirus chaos March 15, 2020 The US Federal Reserve has cut interest rates to near zero this evening in a fresh attempt to shore up the economy amid the devastation caused by the coronavirus epidemic. The move, which cuts rates to 0.0 to 0.25 per cent, comes just days after an initial emergency cut of 50 basis points, which had [...]
UK coronavirus epidemic could lead to 7.9m people being hospitalised March 15, 2020 Up to 7.9m people could be hospitalised as a result of the coronavirus outbreak, which is expected to last until next spring, a Public Health England (PHE) document has revealed. According to media reports, the document is the first time that health authorities have acknowledged that the virus will continue to be a problem for [...]
Unite joins calls for government rescue package for airlines March 15, 2020 Unite, the UK’s largest union, has called on the government to listen to the country’s airlines, which have warned that they are facing unprecedented challenges due to the coronavirus outbreak. The workers’ association, which represents tens of thousands of people in the aviation sector, said that the industry needs government assistance now to help it [...]
Fintech start-up Lifetise begins crowdfunding push March 15, 2020 Award-winning start-up Lifetise has launched a crowdfunding campaign on the Seedrs platform, just weeks after its chief executive was named one of Innovative Finance’s rising stars of fintech. The platform, which helps people decide how to afford big life decisions like buying a house, was recently listed as one of the 2020’s most influential fintech [...]
Sir Ian Cheshire to join BT as non-executive director March 15, 2020 Former head of department store Debenhams Sir Ian Cheshire is on the brink of being named as a non-executive director at telecoms giant BT. Sky News reported that Sir Ian’s appointment could be announced as early as this week, in a boardroom coup for Britain’s largest telecoms firm. Sir Ian, who currently chairs Barclays’ UK [...]
Coronavirus: How is business in Italy coping with the crisis? March 15, 2020 Milan. City of the Sforzas, La Scala, Internazionale, Giorgio Armani and Dario Fo. The Lombard capital is also the beating heart of the Italian economy; home to the stock exchange; Italian business success stories such as Unicredit, Versace and Pirelli; and outposts of overseas financial institutions, multinationals, law firms and consultancy giants. Sadly, Milan is [...]
Government criticised for its communications strategy on coronavirus March 15, 2020 The government has been criticised for its communication strategy over the coronavirus pandemic, after news of new quarantine measures were leaked to the press before they were formally announced. ITV reported news of the government’s plan to force over-70s into isolation for up to four months came this morning. ITV was briefed on the measure [...]
