Coronavirus: Heathrow airport to separate arrivals as concern grows January 22, 2020 Heathrow has set up a separate arrivals area for people travelling from the Chinese city hit by the coronavirus outbreak. Transport secretary Grant Shapps said Heathrow was putting “additional measures” in place this morning to protect against the virus. “Initially this is to ensure that when flights come in directly into Heathrow there is a [...]
Amazon breaks $200bn mark as world’s most valuable brand January 22, 2020 Online retail titan Amazon has defended its position as the world’s most valuable brand for a third year in a row, with the firm becoming the first to break the $200bn (£153bn) mark. Jeff Bezos’ company is worth $220.8bn in total, over $60bn more than second-placed Google, which is worth $159.7bn, according to the annual [...]
Housebuilders lead FTSE 100 bounce as coronavirus fears abate January 22, 2020 The FTSE 100 rebounded this morning following its worst performance in two weeks on Tuesday, with housebuilders leading the blue chip index after Berkeley raised its planned shareholder returns. The index gained 0.10 per cent in morning trading, led by Berkley. The company climbed as much as 5.40 per cent to hit a record high [...]
Our way, not the Huawei — for the sake of national security January 22, 2020 Boris Johnson might have been forgiven for thinking that the biggest dilemma he inherited from Theresa May would be how to resolve Brexit. But a second straggler from the May era has reared its head to disrupt the post-election serenity. How the Prime Minister chooses to deal with it may have long-term effects as important [...]
Uber sells Indian food delivery business to Zomato January 21, 2020 Uber today said it has sold its food delivery business in India to local rival Zomato in an all-share deal worth a reported $350m (£268m). The deal gives Uber a 10 per cent stake in Zomato, which is backed by Ant Financial, a fintech affiliate of Chinese conglomerate Alibaba. The companies did not disclose the [...]
Why London black cabs might ferry you around the Tokyo Olympics January 21, 2020 Londoners visiting Tokyo this summer will find a small part of home on the streets of the Japanese capital, after a fleet of London black cabs comes to the city in time for the Olympic Games. The London Electric Vehicle Company, the UK-based maker of the plug-in hybrid version of London’s black cabs which is [...]
FTSE 100 sinks into red as China virus scare hits shares January 21, 2020 The FTSE 100 was on track for its biggest fall since early December this morning as investors were rattled by an outbreak of a new strain of coronavirus in China. The London blue-chip index slipped more than one per cent in early trading, with luxury and travel stocks leading the slide. Burberry fell more than [...]
Coronavirus: Asian shares slide as China warns of human-to-human contact risk January 21, 2020 Asia-listed shares fell overnight as concerns grew about China’s Coronavirus after officials confirmed it can be spread through human contact. China reported a fourth death from the Coronavirus today as authorities confirmed that 15 medical staff had also been infected. The editor-in-chief of the Chinese and English editions of the Global Times has tweeted that [...]
Mobile shopping startup Rezolve shuns security fears with planned Huawei tie-up January 20, 2020 Mobile shopping firm Rezolve is set to bag a bumper deal with Huawei to embed its technology into the controversial Chinese tech giant’s phones. The new capability is expected to be available from March, when Rezolve will reveal further tie-ups with retailers, restaurants and media partners. The technology allows consumers to make purchases by using [...]
Markets set for further highs as sentiment remains strong January 20, 2020 Global markets started the week pushing all-time highs as the ramifications of the US-China trade deal continue to be felt. After last week saw the S&P 500, Dow, Nasdaq and the Euro Stoxx 600 all hit new records, the Nikkei nudged up 0.2 per cent this morning to sit roughly seven per cent below all [...]