Coronavirus: Economists have a role to play in recovery April 15, 2020 Lockdowns are starting to be eased in Europe. Austria, Denmark, Italy and Spain are all moving back towards normality. At some point during May, the UK will follow. We can reflect on what the government has got right and wrong so far in the opening phase of the pandemic. This is emphatically not to apportion [...]
Businesses still struggling to access coronavirus loan scheme, says BCC April 15, 2020 Only two per cent of businesses have successfully managed to access the government’s coronavirus business interruption loan scheme (CBILS), according to a survey published today. Nine per cent of respondents to the survey by the British Chamber of Commerce (BCC) said they were unsuccessful with slow or no response from lenders the main reason cited. [...]
UK retail footfall dives to lowest level on record after coronavirus lockdown April 15, 2020 UK retail footfall fell to the lowest level on record last month after the government ordered all non-essential stores to close during the coronavirus lockdown. Footfall plunged 41.3 per cent in March compared to the previous year, the latest data showed, driven by a drop of 81.4 per cent in the final week of the [...]
Coronavirus: Vital to start planning for economic recovery, CBI says April 14, 2020 The head of the UK’s largest business lobbying group has said that the UK must begin to plan its economic recovery from the coronavirus pandemic even while the death toll continues to rise. Speaking to Sky News, Dame Carolyn Fairbairn, the director-general of the CBI, said that “we need to begin to chart a route [...]
The City View from City A.M. with Dame Helena Morrissey April 14, 2020 Join Christian May, City A.M.’s Editor in Chief, for The City View – the daily podcast from City A.M. Subscribe to The City View Podcast: Apple / Google / Spotify / RSS On each edition of The City View podcast, Christian will discuss the most important business and finance stories of the day before introducing a [...]
Top US disease adviser says 1 May too early to reopen country April 14, 2020 The US’ top disease adviser has poured cold water on president Donald Trump’s hopes of restarting the country’s economy on 1 May, describing the target date as “overly optimistic”. Anthony Fauci, the head of the National Institute of Allergy and Infectious Disease, said that health officials would have to be able to test quickly for [...]
US coronavirus deaths hit 25,000 after doubling in one week April 14, 2020 The number of deaths from coronavirus in the US surged past 25,000 today, according to a Reuters tally, marking a doubling of the death toll in just one week. The US, which has the world’s third-largest population, has recorded more deaths from Covid-19 than any other country. In total almost 597,000 cases have been reported [...]
Coronavirus: New York hospitalisations fall for the first time April 14, 2020 The number of patients hospitalised with coronavirus in New York fell for the first time today, leading to hopes that the virus may have reached its peak in the state. New York governor Andrew Cuomo said that total of 18,697 people were hospitalized across the state, down from 18,825 a day earlier and the first [...]
China ‘using Covid cover’ to seize control of Imagination Technologies April 14, 2020 A state-owned Chinese investor is exploiting the coronavirus crisis to seize control of Imagination Technologies, the British chipmaker’s former boss has warned. Sir Hossein Yossaie, who served as chief executive until 2016, has written to ministers urging them to block China Reform Holdings from taking control of the company’s board, Sky News reported. Yossaie also [...]
Coronavirus: Oasis and Warehouse on the brink of collapse April 14, 2020 High street retailers Oasis and Warehouse are reportedly on the brink of collapsing into administration, putting more than 2,000 jobs at risk. The fashion chains are set to appoint Deloitte as administrator as soon as this afternoon or tomorrow, Sky News reported, making them the latest casualty of the coronavirus crisis. The Oasis and Warehouse [...]