EU prepares ban on US travellers over high coronavirus case count June 24, 2020 The EU is said to be ready to issue a travel ban on US citizens and travellers from other countries, due to their high coronavirus infection rates. Documents seen by the New York Times showed American, Russian and Brazilian visitors to the EU would be unwelcome as their governments’ fail to control the virus’ spread. [...]
Asian stocks pass four-month high despite rising coronavirus cases June 24, 2020 Asian stocks cleared a four-month high overnight as investors remained stubbornly upbeat on the outlook for a re-opening of the global economy even as cases of the coronavirus looked to be accelerating to new peaks. MSCI’s broadest index of Asia-Pacific stocks outside Japan added 0.5 per cent to reach its highest since pandemic lockdowns first [...]
The City goes al fresco: Pavement space could be reallocated for cafes in Square Mile June 23, 2020 The Square Mile’s restaurants and cafes could be given a new lease of life with al fresco dining, under new plans being drawn up by the City of London Corporation. The CLC has announced that it will look into reallocating street space to restaurants as part of its plan to help them reopen safely after [...]
Pubs and restaurants express relief as their lockdown ends June 23, 2020 Hospitality bosses have reacted with cautious optimism after Boris Johnson gave the green light for restaurants and pubs reopening on 4 July. Industry reaction has been largely relieved this afternoon, albeit with warnings that many businesses will still need financial support from the government as they start trading again. The Prime Minister announced this afternoon [...]
Lockdown eased: Boris Johnson cuts two-metre rule to ‘one metre-plus’ June 23, 2020 The Prime Minister has announced that the two-metre social distancing rule will be relaxed from 4 July, when pubs, bars, cafes, art galleries, museums, hotels and cinemas are set to reopen after months of closure. Boris Johnson today said a dramatic fall in the rate of infection means “we can now safely ease the lockdown [...]
Exclusive: Half of business travel jobs at risk, says BTA boss June 23, 2020 The boss of Britain’s corporate travel industry body has warned that one in every two jobs in the sector is at risk due to the government’s blanket quarantine plans for all incoming travellers, City A.M. can reveal. Speaking at the Business Travel Association’s (BTA) annual conference, which was held virtually, Clive Wratten said: “Our government [...]
PM to reopen cinemas, museums and galleries in England June 23, 2020 Museums, cinemas, galleries and other cultural venues are set to be allowed to reopen as long as social distancing measures are kept in place, Prime Minister Boris Johnson is expected to announce this afternoon. The easing would come into effect on 4 July, in tandem with the reopening of other parts of the hospitality industry [...]
The City View: With Billy Hult, President of Tradeweb, on markets and management during a crisis June 23, 2020 In this episode Christian is joined by Billy Hult, President of Tradeweb, the Nasdaq-listed trading giant. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS Billy talks about how his platform adapted to market volatility and how the market adapted to the pandemic and the US Fed’s response. He also shares his thoughts on leadership during a crisis and [...]
Sajid Javid: Slash taxes and ramp up spending to fuel UK recovery June 23, 2020 Britain should reduce the National Insurance tax and pour money into infrastructure and the poorest regions of the country to boost the UK’s economic recovery from the coronavirus crisis, according to former chancellor Sajid Javid. Javid, who left the Treasury as part of Boris Johnson’s February cabinet reshuffle, warned against a return to the austerity [...]
Gilead to trial ‘inhaled’ version of coronavirus drug June 22, 2020 Pharmaceuticals giant Gilead Sciences is set to start human trials of an inhaled version of its remdesivir antiviral drug, the company announced today. Gilead said in an open letter that it was seeking healthy volunteers for Phase 1 trials this week, with the aim of launching human trials in August. Remdesivir is currently administered intravenously, [...]