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Opinion: The Coronavirus Economy

  • Opinion: The Coronavirus Economy Opinion: The Coronavirus Economy 6:34
8:58 a.m. Aug. 12, 2020 - By Lina Saigol
First Nestlé, then Unilever, here’s what these multinationals are doing to boost growthThe coronavirus pandemic is forcing companies to reassess their core divisions, say bankers and M&A lawyers.
9:20 a.m. Aug. 5, 2020 - By Rachel Koning Beals
What if heat waves were named like hurricanes? New push draws mega insurers, Athens and Miami mayors, Red Cross and dozens more stakeholders Extreme Heat Resilience Alliance formed now because by mid-century heat waves are expected to affect more than 3.5 billion people globally Global mayors, insurance executives, scientists, forest restorers, the Red Cross and even more stakeholders are declaring “code red,” saying they can no longer wait to prepare for extreme heat as 30% of the world already copes with deadly heat waves lasting 20 days or longer.
12:57 p.m. Aug. 1, 2020 - Associated Press
Biden eyes major foreign policy shifts if he wins Americans could expect Biden to re-engage with traditional allies. Should former Vice President Joe Biden win the White House in November, America will likely be in for a foreign policy about-face as Biden reverses, dismantles or severely curtails many of President Donald Trump’s most significant and boldest actions.
4:34 a.m. July 29, 2020 - By Rupert Steiner
Owners warned stop kissing pets as U.K. latest to sound the alert over cat infected with coronavirusJust weeks after the U.S. announced the first infection in two pet cats, a siamese cat caught the virus from its owners in Britain.
11:16 a.m. July 24, 2020 - Associated Press
State Department inspector general to prepare report on ambassador’s reported pitch for British Open play at Trump club U.S. Ambassador to the Court of Saint James’s Robert ‘Woody’ Johnson also faces accusations of inappropriate remarks about women and minoritiesU.S. Ambassador to the Court of Saint James’s Robert ‘Woody’ Johnson also faces accusations of inappropriate remarks about women and minorities.
1:28 a.m. July 23, 2020 - By Archie Mitchell
Agreement unlikely in U.K. and U.S. trade talks until after 2020 due to coronavirus Senior government officials reportedly said it was unlikely a free trade deal would be made before the end of 2020The U.K. had hoped for a deal in time for 2021, when its transition period with the EU ends, though media reports suggest this is no longer likely.
3:50 p.m. July 22, 2020 - By Michael R. Gordon
U.S. ambassador told others Trump asked him to try to get British Open moved to his golf course Trump denies he made request, which reportedly raised ethical questionsThe U.S. ambassador in London told associates in February 2018 that he had been asked by President Donald Trump to see if he could arrange for the British Open golf tournament to be held at the Trump Turnberry resort in Scotland, according to a person familiar with the matter.
8:57 a.m. July 22, 2020 - By Henry Ren
Romney calls for U.S. to ‘take action collectively’ with other nations against China ‘I believe China can be dissuaded from the course they’re on,’ says Utah RepublicanSen. Mitt Romney is calling for the U.S. to lead a coalition of countries that embrace fair trade to push China to stop its predatory pricing and theft of intellectual property.
7:12 a.m. July 22, 2020 - By Archie Mitchell
Here’s what Pompeo and Boris Johnson covered in ‘candid’ talks Pompeo met U.K. Prime Minister Johnson and China-skeptic lawmakers on Monday, talks covered China, U.K.-U.S. free trade, and more.Mike Pompeo met U.K. politicians on Tuesday to discuss the economic recovery from COVID-19, U.K.-U.S. free trade negotiations, and China.
10:24 a.m. July 21, 2020 - By Michael Brush
You should invest in big banks now for their rich dividends These stocks look cheap, and banks perform well as economies recoverThese stocks look cheap. Plus banks perform well as economies recover.
5:51 a.m. July 16, 2020 - Associated Press
Russia accused by U.S., Britain, Canada of hacking coronavirus vaccine trials The three nations say Russia is attacking academic and pharmaceutical research institutions involved in coronavirus vaccine developmentBritain, the United States and Canada accused Russia on Thursday of trying to steal information from researchers seeking a COVID-19 vaccine.
12:54 a.m. July 16, 2020 - By Archie Mitchell
Mandatory face coverings raise the risk of predatory sellers bumping up prices Prime Minister Boris Johnson has said shoppers are required to wear masks from July 24 in England, sparking fears that predatory sellers could bump up prices as demand jumps. Consumers face being hit by surging prices for protective gear as face coverings become mandatory for shoppers in England, a consumer group said.
8:28 a.m. July 15, 2020 - Associated Press
Chinese U.K. ambassador calls Huawei decision ‘unfair’ The U.S. has threatened to sever an intelligence-sharing arrangement with Britain because of concerns that Huawei’s involvement could allow the Chinese government to infiltrate U.K. networksChina’s ambassador to the U.K. has questioned whether Britain can offer a fair business environment following its decision to ban Huawei from taking part in the country’s high-speed wireless network.
2:08 a.m. July 15, 2020 - By Ciara Linnane
Coronavirus update: Global cases of COVID-19 climb above 13 million as California, Hong Kong and India reimpose restrictions on movement Earnings season kicks off with bank earnings showing expected boost in loan loss provisions and strong trading and investment banking resultsThe number of confirmed cases of the coronavirus illness COVID-19 climbed above 13 million on Tuesday, and the world’s eighth biggest economy, California, moved to again temporarily shut down higher-risk businesses such as bars and restaurants after a spike in hospitalizations.
9:28 a.m. July 10, 2020 - By Archie Mitchell
Greyhound owner says Trump rhetoric caused less immigration, forcing $156 million write-down Greyhound owner FirstGroup said it had reduced the coach operator’s value by £124.4 million due to reduced immigration at the southern U.S. borderPresident Trump’s comments on immigration, including about building a wall between Mexico and the U.S., contributed to a £124 million write-off at intercity coach operator Greyhound.
9:21 a.m. July 10, 2020 - By Archie Mitchell
Walgreens to cut over 4,000 jobs at Boots on a dark day for U.K. jobs Boots, John Lewis, and the U.K. arm of Burger King announced job cuts on Thursday as companies count the damage of lockdown measures. Boots, John Lewis, and the U.K. arm of Burger King all announced job cuts on Thursday as companies count the damage of lockdown measures.
11:06 a.m. July 9, 2020 - By Ciara Linnane
Coronavirus update: Global cases of COVID-19 top 12 million, and WHO warns pandemic is ‘not under control’ ‘We have to shut down again and bring the U.S. back up slowly, in a measured way,’ says Michael OsterholmThe number of confirmed cases of the illness caused by the coronavirus rose above 12 million on Thursday, as the World Health Organization warned that the pandemic is still accelerating and most countries do not have it under control.
5:39 a.m. July 9, 2020 - By Archie Mitchell
British grocers reject U.S. chlorine-washed chicken as row over welfare standards deepen Aldi, Waitrose and Booths refusing to sell the poultry importsSeveral of the U.K.’s leading grocers have vowed never to sell chlorine-washed chicken and hormone-injected beef as the U.K. negotiates a free-trade agreement with th U.S.
12:21 a.m. July 8, 2020 - By Barbara Kollmeyer
European stocks led lower by HSBC, U.S. virus worries Electrolux shares rally on upbeat forecast The spread of coronavirus in the U.S. continues to weigh on investor sentiment in Europe, where other big movers for Wednesday included HSBC, Electrolux and Nokia.
1:40 p.m. July 3, 2020 - By Archie Mitchell
Dark day for workers as thousands lose jobs including 15,000 at Boeing rival Airbus A raft of employers have announced thousands of job cuts in two days signaling lasting problems caused by coronavirus lockdownsThe U.K. government’s job support package has paid the wages of 9.3 million workers since April, but in August it will be relaxed and there are fears this could cause a wave of unemployment.
1:40 p.m. July 3, 2020 - By Archie Mitchell
‘Let the music play’: Eric Clapton, Iron Maiden and Ed Sheeran and 1,500 leading musicians tell U.K. government Chart-topping singers have banded together to call for a government rescue for live musicEd Sheehan, Iron Maiden and Eric Clapton are among 1,500 U.K. musicians urging the government to support the live music industry.
8:39 a.m. July 2, 2020 - By Callum Keown
U.K. stocks rise after U.S. jobs boost but lag behind European peersU.K. stocks climbed on Thursday amid a global wave of optimism but lagged behind their European counterparts.
9:56 p.m. June 30, 2020 - By Archie Mitchell
U.K. airline easyJet to close three of its airport hubs as coronavirus wreaks further havoc EasyJet said it was in discussions with unions about the plans which could involve a third of its U.K.-based pilots laid offIn a sign of the strain coronavirus has put on the airline industry easyJet announced plans that could see it cut operations at three of its U.K. airport hubs.
12:05 p.m. June 30, 2020 - By Archie Mitchell
Five things to know about Leicester: the U.K. city that’s key to preventing a second wave of coronavirus infections Leicester is the U.K.’s first city in a ‘local lockdown,’ a move that could become more common as the world opens back upLeicester, the English town famous for cheese, pork pies, and football, will be kept in lockdown for weeks while the rest of the country enjoys pubs, hairdressers, and restaurants reopening on July 4.
6:58 a.m. June 29, 2020 - By Rupert Steiner
Here’s how to make a proper cup of tea — Britain’s ambassador to U.S. posts explainer video after American’s social-media fail U.K.’s envoy to Washington is forced to set the record straight on how to make a proper cuppaBritain’s ambassador to the U.S. is attempting to advance Anglo-American relations by tweeting a self-help video explaining how to make a proper cup of tea – and it doesn’t involve using a microwave.
6:49 a.m. June 24, 2020 - By Greg Robb
IMF slashes world growth outlook for 2020 and sees sluggish turnaround next year Global economy now seen contracting 4.9% in 2020, almost 2 percentage points below April forecastThe International Monetary Fund again cut its global economic forecast for 2020 on Wednesday, saying that the coronavirus pandemic has caused an unprecedented decline in global activity.
3:29 p.m. June 23, 2020 - Associated Press
U.N. chief criticizes ‘total lack of coordination’ in global fight against coronavirus Secretary-General Antonio Guterres says cooperation would mitigate impact of pandemicThe United Nations chief criticized the total lack of international coordination in tackling the COVID-19 pandemic on Tuesday and warned that the go-it-alone policy of many countries will not defeat the coronavirus.
1:44 p.m. June 21, 2020 - Associated Press
WHO reports largest single-day surge in coronavirus cases yet 183,000 new cases in past 24 hours, led by rises in Brazil and U.S.The World Health Organization on Sunday reported the largest single-day increase in coronavirus cases by its count, at more than 183,000 new cases in the latest 24 hours.
9:25 p.m. June 18, 2020 - By Archie Mitchell
At an impasse with Apple, U.K. government ditches its contact-tracing app — now it’s forced to use a rival app made by ... Apple The U.K. will use Apple and Google’s platform to develop a new appThe model offered by Apple and Google is designed to protect user privacy, storing data gathered on an individual’s phone.
11:07 a.m. June 18, 2020 - By Ciara Linnane
Coronavirus update: 100 days since COVID-19 declared a pandemic, and U.S. has highest case and death tallies by a wide margin Kroger’s earnings boosted for demand for staples like pasta, and cruise stocks pressured by Carnival’s bigger-than-expected lossA full 100 days since the official start of the coronavirus pandemic and the U.S. death toll is approaching 118,000, with new cases still climbing in 20 states, even as governors push to reopen more businesses.
4:15 a.m. June 18, 2020 - By Archie Mitchell
Inside England’s retail revival: Here’s how shops looked the day after lockdown eased English high streets were quiet on Tuesday after an initial surge as nonessential retailers reopened a day earlierShops in Manchester appeared largely empty on Tuesday despite England loosening lockdown
4:41 a.m. June 16, 2020 - By Lina Saigol
Here’s how U.K. fund managers are investing, based on where they think inflation will go ‘Any pockets of price pressures that may have built up from supply constraints will be more than offset by weak demand,’ says one fund managerInflation or deflation? U.K. fund managers are split on what the longer-term impact of COVID-19 will be.
9:28 p.m. June 15, 2020 - By Callum Keown
Stocks could fall a further 7% after last week’s correction. But the bull market will ‘resume in earnest’, Morgan Stanley saysFears of a second coronavirus wave grew over the weekend and U.S. stock futures pointed lower early on Monday.
9:00 a.m. June 15, 2020 - By Lina Saigol
Hedge funds are betting against U.K. stocks — here’s whyThe number of “short positions” taken by hedge funds against U.K. stocks has surged by 25% in the first five months of the year, new research shows.
1:04 a.m. June 15, 2020 - By Archie Mitchell
It’s official: U.K. won’t require an extension of Brexit talks, even as negotiations with EU hit gridlock Johnson government confirms Friday that it will not extend negotiations with the European Union past DecemberIn 2021 the current relationship between the U.K. and European Union will end and any agreement between the two sides will come into effect, if any.
4:38 a.m. June 13, 2020 - By Satyajit Das
Government’s cure for the coronavirus recession is worse for the global economy than the disease Heavy debt and slow economic growth threaten stocks, bonds and currenciesHeavy debt and slow economic growth threaten stocks, bonds and currencies, writes Satyajit Das.
4:46 a.m. June 12, 2020 - By Barbara Kollmeyer
U.K. stocks ride global rebound higher, even as growth plunges in April The bottom is in, says Goldman SachsAfter the biggest one-day drop since March, U.K. stocks tracked a global rebound higher on Friday, though traders were preoccupied with data that showed economic growth cratering in April as the pandemic took hold.
3:51 a.m. June 12, 2020 - By Archie Mitchell
Centuries-old suit makers that have fitted Winston Churchill and Prince Harry are adapting to coronavirus as English retail reopens on Monday — here’s how As nonessential retailers open their doors, stores are gearing up to do business in a post-coronavirus world All nonessential retailers in England are expected to reopen on June 15 with strict hygiene measures in place to control the spread of coronavirus.
3:43 a.m. June 12, 2020 - By Barbara Kollmeyer
European stocks rebound after biggest rout since MarchEuropean stocks traded choppy early on Friday but were rebounding by the afternoon, a day after a bruising session marked by concerns over rising U.S. coronavirus cases and potential further damage to the global economy.
8:50 p.m. June 10, 2020 - By Callum Keown
Boris Johnson was asked to name President Trump’s qualities — here’s his responseBritish Prime Minister Boris Johnson was asked to name President Donald Trump’s qualities amid his handling of the Black Lives Matter movement.
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