The disruption to the world’s economies caused by the Covid-19 pandemic is expected to wipe out 6.7% of working hours globally in the second quarter of this year – the equivalent of 195 million jobs worldwide, according the UN’s labour body.
Apr 7th, 2020viaReuters UK - Financial Services News
(Reuters) - Many small businesses were struggling with funding shortfalls and financial challenges even before the coronavirus pandemic hit, leaving them with little cash on hand to weather the slowdown caused by the virus, according to data released by the Federal Reserve on Tuesday.
TOKYO (Reuters) - Japan will sell a record amount of extra bonds this fiscal year, worth more than $165 billion, straining the industrial world’s heaviest debt burden, as Tokyo compiles a record stimulus to combat the coronavirus.
BRUSSELS (Reuters) - Euro zone finance ministers hope to agree on Tuesday on half a trillion euros worth of economic aid to finance recovery from the coronavirus
Apr 8th, 2020viaReuters UK - Financial Services News
April 8 (Reuters) - Direct Line decided not to pay its final 2019 dividend on Wednesday and said it would make no changes to staffing until at least the autumn as it weighs the damage the coronavirus shutdowns has had on the insurance industry.
The Scottish economy could contract by up to a quarter if the current lockdown restrictions continue for a three-month period, according to economists.
Almost two-thirds of British businesses do not have enough cash to last three months as firms continue to struggle to access the government’s coronavirus loan scheme.
The failure of the coronavirus loan programme to help struggling small and medium-sized businesses risks triggering a “wall of redundancies and defaults” say critics.
(Reuters) - Following is a list of English clubs that have furloughed staff after professional football in the country was suspended due to the coronavirus outbreak.
LONDON (Reuters) - The first patients have been admitted to the new Nightingale Hospital in London, which has been set up in just nine days at the Excel Exhibition Centre to handle the coronavirus crisis.
HONG KONG (Reuters) - Hong Kong said on Wednesday social-distancing restrictions including the closure of some bars and pubs and a ban on public gatherings of more than four people would be extended until April 23 as it battles to halt the spread of coronavirus.
BERLIN (Reuters) - Germany’s public health authority launched a smartwatch app on Tuesday in partnership with healthtech startup Thryve to help monitor the spread of COVID-19 and analyse whether measures to contain the novel coronavirus pandemic are working.
(Reuters) - The U.S. Drug Enforcement Administration said on Tuesday it was increasing production limits by 15% for certain controlled substance medicines that were in high demand due to the COVID-19 pandemic.
LONDON (Reuters) - A leading global health fund has asked international businesses and governments to provide $8 billion (6.49 billion pounds) to support development and production of COVID-19 tests, drugs and vaccines.
America's pastime could be the first professional sport to resume in the US under a reported plan that would see Major League Baseball games played in empty stadiums as early as May.
Gardaí (Irish police) have been granted powers to enforce restrictions on public life in order to prevent the spread of coronavirus. Health Minister Simon Harris has signed regulations which will enable officers to enforce the rules.
In our monthly update, Pensions Insights, we give you our take on the latest highlights in the world of pensions law and policy. If you have any queries about any of the issues covered, or you require advice on a pensions related matter, please do not hesitate to get in touch with your usual contact.
Employees of financial and similar institutions who search for accounts of third parties without approval or legitimate reasons for doing so run the risk of being disciplined, up to and including termination of employment (Joanne Dinov v Australia and New Zealand Banking Group Ltd T/A ANZ Bank [2021] FWC 745).
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