Coronavirus cases surpass 305,000 globally March 22, 2020 305,046 people worldwide are now confirmed to be infected with coronavirus. Figures also show 13,028, or four per cent, of those infected have since died. Here in the UK, the death toll has risen to 281. However, 95,500, or 31 per cent have recovered from the virus. In the US, New York state has been [...]
F1 teams to help produce 20,000 ventilators for NHS in fight against coronavirus March 22, 2020 Formula One may have brought forward its summer factory shutdown to March and April, but seven UK-based teams are set to mobilise their workforce to produce life-saving ventilators that will be required by the NHS in the fight against coronavirus. McLaren, Williams, Red Bull, Renault, Racing Point and world champion Lewis Hamilton’s Mercedes team are [...]
British takeaways call for rent holidays as coronavirus puts businesses ‘on the brink’ March 22, 2020 British restaurants and takeaways have urged retail landlords to grant rent holidays as they battle to survive during the coronavirus outbreak. The British Takeaway Campaign (BTC), which represents restaurants, takeaways and small businesses in the supply chain, called for an immediate three-month freeze on rent ahead of quarterly payments due next week. The group warned [...]
Coronavirus: All Ryanair staff to take a 50 per cent pay cut, says Michael O’Leary March 22, 2020 Ryanair boss Michael O’Leary has said he and all of the airline’s staff will have their pay cut in half, as the low-cost carrier attempts to ride out the coronavirus epidemic. Speaking to the Financial Times, the 59-year-old boss of Europe’s biggest airline by passenger numbers said he was working on a best-case scenario of [...]
‘We should all be ashamed’: NHS England boss calls for end to panic-buying March 21, 2020 The medical director of NHS England has said everyone should “be ashamed” that vital healthcare staff were being deprived of supplies due to panic-buying. Stephen Powis called on the public to think of those working long days to look after our loved ones when shopping. The appeal came at the government’s daily coronavirus briefing today, [...]
Wall Street suffers worst week since 2008 as US imposes coronavirus restrictions March 21, 2020 Wall Street saw further losses on Friday to continue the recent rout as it suffered its worst week since the financial crisis of 2008. The S&P 500 and Dow Jones indexes were down more than four per cent on Friday despite making gains earlier on. All three major indexes registered their biggest weekly declines since [...]
Coronavirus: Marks & Spencer warns on profit as it considers store closures March 20, 2020 Marks & Spencer issued a coronavirus-related profit warning today and alerted investors it may close stores temporarily amid the UK’s Covid-19 outbreak. Its clothing and home divisions have suffered a big hit already from the UK coronavirus crisis, Marks & Spencer warned. As a result profit could fall below expectations of £440m to £460m. “The [...]
Deutsche Bank warns of material impact from coronavirus pandemic March 20, 2020 Deutsche Bank has warned that the economic fallout from the coronavirus pandemic may affect its ability to meet financial targets as the lender undergoes a radial overhaul following years of losses. The warning is the first time Germany’s largest bank has publicly expressed concerns over the impact of the outbreak, which has disrupted Deutsche’s operations [...]
London hospital Northwick Park declares critical incident after surge in coronavirus cases March 20, 2020 London hospital Northwick Park in Harrow has declared a “critical incident” after experiencing a surge in coronavirus patients. In a message to staff seen by the Health Service Journal, Northwick Park Hospital said it has no critical care capacity left and has contacted neighbouring hospitals about transferring patients who need critical care to other sites. [...]
Labour’s Ian Murray: We need universal basic income to beat coronavirus March 20, 2020 The government must introduce a universal basic income to protect the UK’s most vulnerable workers amid a coronavirus-fuelled economic downturn, Labour deputy leadership contender Ian Murray warned this week. He also called on Boris Johnson to step up measures to protect businesses in the wake of the Covid-19 pandemic – or risk “local community businesses [...]