Health officials hunting source of first coronavirus case spread within UK February 29, 2020 A man from Surrey has become the first person in the UK to be infected with coronavirus without leaving the country. Health officials are trying to discover how the man caught the virus despite not having been abroad recently, which is how the other 19 UK cases occurred. Medical officers are attempting to trace people [...]
132 UK companies issue coronavirus warnings as FTSE 100 spirals February 28, 2020 More than 100 UK-listed companies have now warned the stock market of the effects of the coronavirus on their businesses, according to figures released today. British giants like Guinness brewer Diageo and British Airways owner International Airlines Group are just two of 132 companies to issue warnings to investors. In the last week alone, 62 [...]
Oil prices drop again as coronavirus cases escalate February 28, 2020 Oil prices fell again today as the spread of the coronavirus cast uncertainty over the world economy. Oil prices saw further falls after an initial rally today after yesterday’s slump. A spike in the number of coronavirus cases dragged prices back down, along with the world’s stocks. Brent Crude plunged almost five per cent to [...]
Amazon bans 1m fake coronavirus products February 28, 2020 Amazon has had to remove more than 1m products from its marketplace that claimed to protect from or cure the coronavirus. The retailer said it had also removed “tens of thousands” of overpriced health products, according to Reuters. It comes after the World Health Organisation expressed concern about companies trying to profit off the outbreak [...]
Coronavirus: Baker McKenzie clears out London HQ as staff member who went to Italy falls sick February 28, 2020 Law firm Baker McKenzie has ordered all 1,100 staff in its London office to work from home today after fears a member of staff may have contracted the coronavirus. Baker McKenzie told employees to work remotely after the staff member came back from northern Italy, which has seen a spike of hundreds of coronavirus cases [...]
Coronavirus: the investment impact in seven charts February 28, 2020 | City Talk The spread of coronavirus, COVID-19, beyond China has created fresh uncertainty for the global growth outlook and sparked volatility in financial markets. Outbreaks in South Korea, Iran and Italy have raised concerns that the spread outside of China may be accelerating. We offer key facts on the spread of the virus, interspersed with views from [...]
Coronavirus risks UK economic downgrade, Mark Carney warns February 28, 2020 The UK faces the prospect of faltering economic growth as a result of the coronavirus outbreak, Bank of England governor Mark Carney warned today. The Bank has already spotted a squeeze on world supply chains from the coronavirus epidemic that started in China at the turn of the New Year, Carney said. While it is [...]
Oil sinks to lowest price in a year as virus fears grow February 27, 2020 Oil prices today hit their lowest level since January last year as fears about the impact of the coronavirus on the world economy grew. Brent crude was down 4.3 per cent to $51.14 a barrel this afternoon as the virus continues its spread outside of China. Any impact on global consumption or manufacturing patterns will [...]
Coronavirus: Global stocks spill $3 trillion as Covid-19 sends FTSE 100 staggering February 27, 2020 European stocks tumbled yet again today as fresh coronavirus concerns saw the FTSE 100 sink three per cent this afternoon as stock markets across the world dropped sharply. London’s blue-chip index plunged far below 7,000 points to 6,831.2 today after Australia’s Prime Minister warned the world is on the brink of a coronavirus pandemic. Cases [...]
Two new UK coronavirus cases confirmed to bring total to 15 February 27, 2020 Two more British patients have tested positive for the coronavirus, raising the total number of UK coronavirus cases to 15. The new patients did not pick up the coronavirus in China but it was passed onto them in Italy and Tenerife. They are now being treated at the NHS’ specialist infection centres in Royal Liverpool [...]