World Bank announces up to $12bn in immediate funds to help fight coronavirus March 3, 2020 The World Bank is to release up to $12bn (£9.3bn) immediately to fight the global spread of coronavirus. The funding emerged on the same day the Federal Banking Reserve cut interest rates to protect the US economy from the economic consequences of the outbreak. Traditionally, the role of the World Bank is to lend money [...]
Sirius shareholders approve controversial Anglo American £405m takeover March 3, 2020 Investors have approved a controversial rescue bid by rival Anglo American for troubled mining firm Sirius Minerals. The meeting in London today approved the deal with 80.3 per cent of votes in favour and 19.7 per cent against. It will provide a saving grace for Sirius’ north Yorkshire mine, which was set to be closed [...]
Decision won’t be made on future of Ellesmere Port car plant until state of EU trading relationship becomes clear March 3, 2020 A final decision on the future of Ellesmere Port’s car plant will likely not be made until the end of the year. The car industry has been one of many saying it could be adversely affected if a trade deal is not struck. PSA, which is currently merging with Italy’s Fiat Chrysler, makes its Vauxhall [...]
The sharing economy is about building a sustainable future March 3, 2020 For those unaware of what the sharing economy is, just look to your phone. Whether it’s renting someone else’s home for a holiday, borrowing a designer dress, or sharing a car with strangers, peer-to-peer platforms are allowing us to trade our spaces, skills and stuff, all at the click of a button. Right now, 5.3m [...]
The private sector can be the engine of the low-carbon revolution March 3, 2020 When Al Gore made An Inconvenient Truth in 2006, he pointed to the fact that the Chinese characters for “crisis” signify both “danger” and “opportunity”. In the years since, the conversations around tackling climate change have often been framed by what industries and governments stand to lose in the immediate future by acting. Advocates have [...]
Hong Kong Racing Tips: Weight not enough to stop Methane from bursting clear March 3, 2020 PUNTERS are guaranteed to put their faith in Joao Moreira and Zac Purton when the duo eye-ball each other in the Ma Tau Kok Handicap (12.45pm). Moreira stays loyal to Casa De Forca, despite his mount failing to deliver when sent off a short-priced favourite last month. That was not the first-time Tony Cruz’s gelding [...]
Hong Kong Racing Tips: Purton looks set to Rule Valley again March 3, 2020 ONCE again it looks like jockeys Joao Moreira and Zac Purton are going to dominate today’s meeting at Happy Valley. Both reigning champion Purton and former champion Moreira have their cards marked in all eight races and it’s inconceivable that both will leave the track empty-handed. While ‘Magic Man’ Moreira was sidelined last week, serving [...]
Startups clash with watchdog over digital merger regulation March 3, 2020 British startups have been plunged into a bitter war of words with the competition watchdog as the two sides clash over how major tech mergers should be regulated. Industry body the Coalition for a Digital Economy (Coadec) has penned a scathing letter to chancellor Rishi Sunak warning that the Competition and Markets Authority (CMA) risked [...]
It’s time for exceptional talent Phil Foden to have key role for Manchester City and England March 3, 2020 At Wembley on Sunday, Phil Foden gave us all a reminder of his talent and maturity with a man-of-the-match performance as Manchester City beat Aston Villa in the final of the Carabao Cup. The way he addresses the ball; his balance and awareness; his understanding of the way City want to play; that extra finesse [...]
McLaren confident despite coronavirus sales hit in China March 3, 2020 McLaren boss Mike Flewitt has told City A.M. that the supercar manufacturer “probably won’t achieve [its] yearly goal for sales in China” due to the coronavirus impact. However, despite the knock-on effect, he said that the luxury car maker would “still achieve a reasonable level of sales”. Flewitt added that he was more concerned about [...]
