Coronavirus: EU vows to protect weakened firms from foreign takeovers April 17, 2020 The EU is set to protect its companies against foreign takeovers from firms taking advantage of the economic fallout from coronavirus. The bloc plans to allow governments to take large stakes in weak European companies, even owning them in some cases. The European Commission has decided to step in due to the unprecedented impact of [...]
Compassionate capitalism can underpin our coronavirus recovery April 17, 2020 This Covid-19 coronavirus crisis could all be over by autumn. Or by this time next year. We simply do not know. What we do know, however, is that we will need to think carefully and radically about how this country is going to recover from the devastation left behind by the coronavirus pandemic. This pandemic [...]
Demand for IT workers soars during coronavirus lockdown April 17, 2020 The number of advertised jobs in the IT and logistics sectors soared last month as businesses adapt to the coronavirus lockdown, new data has revealed. The logistics sector saw the biggest increase in available roles in March while demand for staff in IT and tech remained strong, according to figures from Totaljobs and the British [...]
Donald Trump set to lay out ‘guidelines’ for reopening US April 16, 2020 US president Donald Trump is tonight expected to release medically-approved guidelines to reopen parts of the country’s economy, which has been decimated by the coronavirus pandemic. A White House official said that the president would use this evening’s press conference to lay out the “recommendations”, which are “flexible and data-driven”. The official added that the [...]
Verizon snaps up Blue Jeans amid booming demand for video conferencing April 16, 2020 Verizon today said it has entered into an agreement to buy video conferencing firm Blue Jeans as the coronavirus lockdown fuels huge demand for remote working. The US telecoms giant did not disclose the value of the deal but the Wall Street Journal reported a price tag of under $500m (£401m). California-based Blue Jeans provide [...]
Coronavirus: New York extends lockdown to mid-May April 16, 2020 New York will extend restrictions on schools and businesses until 15 May as the number of deaths and hospitalizations from coronavirus fell to their lowest levels in over a week. The number of deaths reported today fell to 606, the lowest level in 10 days, while the number of people admitted to hospital fell below [...]
UK coronavirus deaths jump by 861 to take total past 13,000 April 16, 2020 The UK has counted another 861 coronavirus deaths today as another 4,618 people tested positive for the infection. That means 13,839 Brits have now died from coronavirus, while the total number of infections has jumped past 100,000. Today’s number of coronavirus deaths is higher than yesterday’s figure for the UK of 761. And today’s infection [...]
Sky donates £500,000 to emergency coronavirus film and TV fund April 16, 2020 Sky today said it will donate £500,000 to an emergency relief fund aimed at supporting film and TV crew unable to work during the coronavirus crisis. The fund was established last month by BFI and the Film and TV Charity with an initial £1m donation from streaming giant Netflix. It will provide grants to thousands [...]
Downturns this deep can take a long time to recover from, financially and mentally April 16, 2020 | City Talk The stock market has declined by 25% or more on 11 occasions since 1871. The median recovery time from this point has been 1.8 years. Investors who shifted to cash after the 1929 crash faced a 34-year wait to break even, compared with 15 years for those who remained invested and less than 7 years [...]
Coronavirus: Global stocks set to sink as economic reality bites April 16, 2020 Global stocks were set to fall today as “ugly” economic data and weak bank earnings suggest a recession is on the horizon. Asian stocks dropped today, with Japan’s Nikkei falling 1.2 per cent while Hong Kong’s Hang Seng index dropped 0.7 per cent. That came after Goldman Sachs, Bank of America and Citi all saw [...]
