Footfall at British retailers is down 85% over the past two months, according to location data gathered by Google, with some areas effectively coming to a complete halt as the
Continue reading »UK banks: Are banks profiting from coronavirus crisis?
Banks have been offering loans with personal guarantees and charging extortionate interest rates on the Government-backed business interruption loans, causing widespread concern that some of the emergency measures to provide
Continue reading »Covid boost for spread-betting firm run by ex-Tory party treasurer
CMC Markets, the financial spread-betting firm run by city tycoon Peter Cruddas, said business has boomed in the first quarter this year as the coronavirus wrought havoc on global financial
Continue reading »Coronavirus is hitting the travel industry hard
Hong Kong (CNN Business)Cathay Pacific (CPCAY) is used to carrying about 100,000 daily passengers. At one point this week, it flew just 582 customers in a day. The is the
Continue reading »ADB Cuts Developing Asia’s Growth Outlook Sharply On Covid-19 Impact
The Asian Development Bank cut its growth projection for developing Asia due to the effects of the novel coronavirus, or covid-19 pandemic. In the Asian Development Outlook, released Friday, the
Continue reading »Wayfair Continuation Pattern Intact After Downgrade
Wayfair Inc. (W) shares rose more than 4% during Thursday's session despite Loop Capital downgrading the stock to Sell with a price target of $35 per share. Loop Capital analyst
Continue reading »130K inquiries, 1K loans: why UK government had to tweak help for small firms
What was wrong with the government’s first version of its emergency loan package for small businesses? The problem is vividly illustrated by this statistic: only 983 companies have had loans
Continue reading »U.S. Retail Furloughs Poised to Exceed 1 Million From Shutdown
Retailers have furloughed nearly 1 million workers this week amid an unprecedented shutdown of shopping in America, according to data compiled by Bloomberg. Neiman Marcus Group to Ross Stores Inc.
Continue reading »Spain’s Deadly Day Signals No Letup in Europe Virus Lockdown
In this article Coronavirus deaths accelerated in France, Italy and Spain, suggesting governments have little leeway to end lockdowns in a human and economic crisis that is straining European unity.
Continue reading »US COVID-19 Death Toll Crosses 5000; Record 884 Deaths In 24 Hours
The death toll from the coronavirus pandemic in the United States crossed 5,000 on Wednesday, with 884 more deaths reporting in 24 hours. This is the biggest daily surge in
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