Exclusive Offer for City A.M. Readers: Discover the Latour Discovery Room at Ten Trinity Square Private Members Club
UK records 1,089 new positive coronavirus cases August 18, 2020 The UK recorded 1,089 new positive cases of coronavirus today, up from 713 yesterday, government figures showed. A further 12 people died after testing positive for covid-19 within 28 days. The UK has recorded more than 1,000 daily cases on eight out of the last 10 days. Earlier health minister Matt Hancock welcomed figures from [...]
Marks & Spencer to axe 7,000 jobs within three months amid pandemic August 18, 2020 Marks & Spencer is set to slash 7,000 jobs by December in a huge restructuring brought about by the pandemic, it said today. The high street giant, which was struggling prior to coronavirus, will focus the cuts in its central support centre, regional management and UK stores. It comes on top of 950 job cuts [...]
The UK must close its digital skills gap — or face an unemployment crisis August 18, 2020 With the economy plunging a catastrophic 20 per cent between April and June, the magnitude of challenges facing UK industries is becoming clearer. A wave of unemployment is likely, and when the furlough scheme officially ends there is no knowing how many people employers will let go. Even with additional taxpayer bailouts, there are large [...]
UK needs 10m tests a week, says Premier League’s coronavirus adviser August 17, 2020 The company behind the Premier League’s coronavirus testing efforts has backed calls for the government to introduce a UK-wide testing scheme by the end of the year. Avi Lasarow, chief executive of testing firm Prenetics, has called on the government to swap its half-price restaurant scheme for a universal testing service across the UK. He [...]
Coronavirus: Cineworld in legal battle over unpaid lockdown rent August 17, 2020 Cineworld is said to be facing a legal challenge from one of its landlords after the cinema chain failed to pay rent during the coronavirus lockdown. The London-listed cinema group is understood to be withholding rent from property giant AEW after it was hit by closures due to the Covid-19 crisis. AEW has now filed [...]
Market shock: how did investors react to the impact of Covid-19? August 17, 2020 | City Talk Coronavirus brought a decade-long US bull market to an end and sparked a sudden stock market collapse. A surprising proportion of investors responded by taking on more risk. Faced by of one of the biggest economic shocks in history it is little surprise that the vast majority of investors reacted by changing their portfolios. What [...]
Japan’s economy shrinks at record pace as coronavirus wipes out ‘Abenomics’ gains August 17, 2020 Japan was hit by its biggest economic contraction on record in the second quarter as the coronavirus pandemic crushed consumption and exports, keeping policymakers under pressure for bolder action to prevent a deeper recession. The third straight quarter of declines knocked the size of real gross domestic product (GDP) to decade-low levels, wiping out the [...]
Future students won’t forgive universities for poor learning technology August 17, 2020 This year’s intake of undergraduates to universities around the UK are already changing the world. It is the first time where, for most of the first year, their experiences will be fuelled by often remote, digitally-driven courses rather than the typical immersion into a physical campus. Some of the UK’s higher education institutions had some [...]
We clapped for carers – how about a hand for our unsung charity volunteers? August 17, 2020 It’s often said that a crisis brings out the best in people, and that has proven to be true during the coronavirus pandemic. In particular, the way in which charities and voluntary organisations responded to the unprecedented crisis which changed all our lives back in March has been magnificent to see. Many have found themselves [...]
Coronavirus infection rate remains stable across England August 14, 2020 Coronavirus infections across England are levelling off according to the latest figures from the Office for National Statistics (ONS). In its latest update, the ONS said the “small increase” seen in the rate of infection in July had stabilised. Current estimates suggest that 1 in 1,900 people have coronavirus, or 28,300 people in England. The [...]