Apr 15th, 2020viaReuters UK - Financial Services News
PARIS (Reuters) - France’s insurers have pledged more money to help the country in its fight against the coronavirus, said a statement published on Wednesday from Prime Minister Edouard Philippe’s department.
TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday he explained to his G7 counterparts that the central bank would not hesitate easing monetary policy further depending on how the coronavirus pandemic affects the country’s economy.
KRAKOW (Reuters) - Poland’s biggest coal producer, PGG, said on Tuesday it asked unions to accept a cut in hours and pay of up to 20% for three months, which would make the state-run company eligible for government help during the new coronavirus crisis.
PARIS/LONDON (Reuters) - Estimated global airline losses from the coronavirus pandemic have climbed to $314 billion (249 billion pounds), 25% more than previously forecast, owing to the severity of the economic downturn and a slower than previously expected reopening of international routes.
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.
LONDON (Reuters) - A rebound in economic growth, rather than tax rises or a long-term squeeze on spending, would be the best way to lower the burden of national debt created by the coronavirus shutdown, British finance minister Rishi Sunak said on Tuesday.
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.
Some of the UK's attractions and museums will be lost due to the impact of the coronavirus lockdown on their finances, arts bodies have warned. Independent institutions that usually depend on entrance fees and are not backed by regular grants or funding are thought to be most at risk.
A mast providing mobile connectivity to the Nightingale hospital in Birmingham was among 20 suspected arson attacks against phone masts over the Easter weekend.
Inmates at a Lancashire prison have been transferred after a serious outbreak of Covid-19 and the death of a member of staff. Jo Farrar, head of Prison and Probation Service, told a hearing of the Commons Justice Committee some prisoners had been moved from HMP Wymott in Leyland.
LONDON (Reuters) - Britain’s parliament plans to restart some proceedings next week, the Speaker of the House of Commons said on Tuesday, adapting a centuries-old institution for the coronavirus outbreak by going largely virtual.
Apr 15th, 2020viaBBC News | News Front Page | World Edition
A day after extending a nationwide lockdown, India has relaxed restrictions on farming, banking and public works, but transport services and most businesses remain closed.
HANOI (Reuters) - A new decree took effect in Vietnam on Wednesday introducing fines for the dissemination of ‘fake news’ or rumours on social media, amid the rapid spread of comment online about the novel coronavirus in the Southeast Asian country.
Apr 15th, 2020viaThe Guardian Australia World News
New Zealand’s prime minister has said she and other ministers will take a 20% pay cut to show solidarity with those affected by the coronavirus outbreak, as the death toll continues to rise.
Many African countries have introduced lockdowns in order to halt the spread of coronavirus, but, as Alex de Waal and Paul Richards argue, ordinary people have to be involved in choosing the solutions that will work for them.
The Cannes film festival will not take place “in its original form” this year, due to the coronavirus pandemic. Organisers first postponed the festival last month, saying that they would aim to stage it in June or July this year.
WASHINGTON (Reuters) - U.S. Defense Secretary Mark Esper on Tuesday said he was extending a stop movement order to the U.S. military halting travel and movement abroad and that it was unclear how long coronavirus-related restrictions would remain on military personnel.
MADRID/LONDON (Reuters) - Spain and Austria allowed partial returns to work on Tuesday but Britain, France and India extended lockdowns to rein in the new coronavirus.
Suspected offenders are set to avoid criminal charges under unprecedented new guidance to ease the burden on the justice system during the coronavirus outbreak.
DWF's contribution to the review is acknowledged in the report noting that "the DWF evidence may be an indicator that the modest increases recommended in this report are sensible and appropriate."
It is now a consolidated practice to gather at the end of the year and in a single law decree the extensions of all regulatory deadlines (the so-called Decreto Milleproroghe), concerning a variety of subjects. This practice, introduced in 2001, was endorsed by the Constitutional Court in February 2012, and may now be considered a true - although debated - Italian tradition.
Global legal business DWF have advised Damian Webb and Gordon Thomson of RSM Restructuring Advisory, the administrators of BM Retail Limited, on the sale of high street retailer Bonmarché.
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