News And Announcements
Tui opens investigation into flight after 16 positive cases
Tui opens investigation into flight from Greek island Zante after 16 people test positive and concerning reports reveal health and safety regulations were not followed.
Credit Suisse to set up bank hub in Madrid post-Brexit
Credit Suisse will set up investment bank hub in Madrid moving it from its current location in London after the UK has left the European Union for good in 2021.
UK chancellor urges people continue eating out after Covid subsidy ends
The UK chancellor, Rishi Sunak is urging UK consumers to continue eating out at restaurants after the Covid subsidy aimed to support them ends on Monday.
US consumer sentiment edges up in August
Consumer sentiment in the US improved a touch in August, according to final figures released on Friday.
Chicago PMI edges lower in August
Economic activity in the Chicago area deteriorated a touch in August but remained in expansion mode, according to figures released on Friday.
Bailey says BoE has more firepower to combat crisis
The Bank of England has more firepower available to combat the economic impact of Covid-19, Governor Andrew Bailey said.
New European publisher turns to pensions lifeboat in rescue deal
The New European publisher Archant is turning to the pensions lifeboat in a rescue deal with RCapital.
Grant Shapps reassures workers it's safe to go back to offices in England
UK transport secretary Grant Shapps reassured workers in England that it is safe to go back to their workplaces as the government attempts to boost city centre business.
UK business confidence sees biggest rise in three years, Lloyds Bank says
Business confidence in the UK improved for a third consecutive month in a row in August, the results of a closely-followed survey showed.
German consumer confidence drops as infections rise
German consumer sentiment suffered a setback as rising coronavirus infections and fears of renewed restrictions to thwart the virus dampened spirits.
US jobless claims remain above 1m; Q2 GDP revised touch better
The number of Americans filing for unemployment benefits fell slightly last week after an unexpected increase the week before, but remained above 1 million.
Four out of five staff in UK cities have not returned to workplace
Only 17% of workers in British cities had returned to their workplaces by early August revealed the latest data from the Centre for Cities.
UK pension savers lose £31m to scammers since 2017
UK pension savers have lost £31m to scams since 2017, said the latest report from the Financial Conduct Authority and The Pensions Regulator on Wednesday.
Davos delayed until summer 2021 because of Covid-19
The annual gathering of the world's political and financial elite at Davos has been postponed until summer 2021 because of Covid-19.
FCA tells lenders to give extra help to mortgage borrowers
The Financial Conduct Authority has told lenders to provide extra support for mortgage customers in difficulty after payment holidays run out in October.
Tourism collapse could cost UK economy £22bn - report
A collapse in tourism during the Covid-19 pandemic could cost the UK economy £22bn putting almost 3m jobs at risk, a report estimates.
US new home sales beat expectations in July
Sales of new US single-family homes rose more than expected in July, according to figures released on Tuesday by the Commerce Department.
US consumer confidence deteriorates in August
US consumer confidence deteriorated in August as a rise in new coronavirus cases dented sentiment, according to a survey released on Tuesday.
Fauci warns against premature EUA for Covid-19 vaccines
America's top health official warned of the risks of applying political pressure on the Food and Drug Administration to extend emergency use authorisation for its Covid-19 vaccine candidate before the November presidential elections in the US.
Retail employment plunges - CBI
Employment in the retail industry fell in August at its fastest pace since the financial crisis with worse to come as the government withdraws support for jobs, a Confederation of British Industry survey showed.