Economic News
RICS calls for stamp duty holiday as housing market collapses
RICS called for a stamp duty holiday to restart the UK housing market as its monthly survey showed confidence and activity plunging as a result of the Covid-19 crisis.
Airlines call for amendment of carbon deal due to coronavirus crisis
Airlines are lobbying to amend the recently agreed carbon scheme designed to bring down the aviation sector's emissions as the Covid-19 coronavirus crisis makes it harder for carriers to meet their agreed targets.
UK government launches inquiry into potential Chinese interference in UK hi-tech
The Commons have opened an inquiry into potential asset-stripping of UK high-tech firms on Wednesday.
Covid shock could spark global Depression-era slump: WTO
Global trade could plummet by up to 32%, a level similar to the Great Depression of the 1930s, in the aftermath of the coronavirus pandemic, the World Trade Organisation said.
Aviva pulls final dividend due to Covid-19 after BoE pressure
Insurance group Aviva bowed to central bank pressure on Wednesday and pulled its final dividend as it braced for the financial impact of the coronavirus pandemic.
Trump lashes out at WHO and threatens to withdraw funding
US President Donald Trump lashed out at the World Health Organization late on Tuesday over it’s handling of the coronavirus pandemic and threatened to withhold US funding.