Tui pushes back holiday restart plans to 10 July due to quarantine June 11, 2020 Holiday firm Tui announced today that it would cancel all beach holidays for British tourists up to 10 July due to uncertainty over the government’s quarantine rules. The tour operator had previously planned to restart its holidays at the beginning of July, but said that the requirement for all travellers to England to quarantine for [...]
Kurt Geiger to donate first month of post-lockdown store profit to NHS June 11, 2020 Kurt Geiger will donate all of its store profit from the first month of trading after the coronavirus lockdown eases to the NHS. The shoe seller plans to open 24 of its 57 outlets across the UK on Monday. This will start with smaller stores which cater to a higher proportion of click-and-collect sales, as [...]
Coronavirus deaths in UK rise by 151 to 41,279 June 11, 2020 The UK experienced another 151 coronavirus deaths yesterday, official data confirmed today. The Department of Health and Social Care’s official data showed 151 more people died to bring the UK’s total number of official coronavirus deaths to 41,279. That is substantially lower than a Reuters tally placing the overall UK toll closer to 52,000, including [...]
Test and trace system tells 26,985 to self-isolate in first week June 11, 2020 England’s new track and tracing system was able to contact two-thirds of the people who tested positive for coronavirus and were referred to it in its first week, and then succeeded in contacting 85 per cent of their contacts to ask them to self-isolate. Of the 8,117 who were transferred to the system, 2,710 were [...]
European business networks join calls to quash quarantine plan June 11, 2020 Business networks which support the UK’s trade relationships with its European neighbours have added their voices to the growing criticism of the government’s blanket quarantine plan. Eduardo Barrachina, president of the Spanish Chamber of Commerce in the UK, said that the plan “sent the wrong message” and risked putting the UK out of step with [...]
What can the Covid-19 crisis teach us about tackling climate change? June 11, 2020 | City Talk We already know how devastating climate change could be for the planet, so let’s ensure we learn the lessons from the current crisis. Covid-19 caught most of the world’s institutions and governments by surprise, leading to a global health and economic crisis unprecedented in modern times. Few people would disagree with the notion that most [...]
Which cafes and restaurants are reopening as the coronavirus lockdown lifts? June 10, 2020 After two months of coronavirus lockdown, Britain’s high streets are waking up again. From Pret to Pizza Express, cafes and restaurants across the country are working out how to restart their businesses. So what chains can customers expect to open up again on Monday, when so-called non-essential businesses are allowed to make their long-awaited return? [...]
ECB may expand bond buying in future but no need yet, says board member June 10, 2020 The European Central Bank (ECB) may expand its crisis-fighting toolkit in the future but is not planning to do so imminently, a board member said, playing down the possibility of the central bank buying bonds issued by banks or by junk-rated companies. The ECB last week boosted its Pandemic Emergency Purchase Programme to €1.35 trillion [...]
OECD: UK economy to take world’s biggest hit from Covid-19 June 10, 2020 The UK will suffer the largest economic hit from the coronavirus pandemic among major nations this year, the Organisation for Economic Cooperation and Development (OECD) has warned. Predicting that the UK economy could contract between 11.5 and 14 per cent in 2020, the organisation said Covid-19 represents the biggest peacetime economic downturn in a century [...]
US inflation falls for third straight month as coronavirus hammers economy June 10, 2020 US consumer prices fell for a third straight month in May and underlying inflation was weak as demand remained subdued amid the recession caused by the Covid-19 pandemic. The Consumer Price Index (CPI) fell 0.1 per cent in May, after decreasing 0.8 per cent in April, new figures from the US Labour Department showed. Read [...]