Business

Franco-German plan for European recovery will face compromises

Franco-German plan for European recovery will face compromises

SUMMARY: Macron-Merkel plan to borrow on behalf of EU to help worst-hit countries is already being challenged by ‘frugal four’When France and Germany announced a plan to raise €500bn (£448bn) on financial markets to fund a European coronavirus recovery plan, leaders sought to underscore the magnitude of the moment.

the guardian
Coronavirus: New York Stock Exchange trading floor to reopen

Coronavirus: New York Stock Exchange trading floor to reopen

SUMMARY: Image copyright ReutersThe New York Stock Exchange (NYSE) is set to reopen its trading floor on Tuesday after a two-month closure due to the coronavirus pandemic.

bbc
Virgin Orbit: Richard Branson's rocket fails on maiden flight

Virgin Orbit: Richard Branson's rocket fails on maiden flight

SUMMARY: Sir Richard Branson's Virgin Orbit rocket has failed to launch a test satellite into space on its maiden voyage.

sky news
Coronavirus: Lufthansa agrees €9bn rescue deal with Germany

Coronavirus: Lufthansa agrees €9bn rescue deal with Germany

SUMMARY: Image copyright DeFodi Images / Getty ImagesLufthansa has agreed a rescue deal worth €9bn (£8bn) with the German government that saves it from collapse.

bbc
Coronavirus: All non-essential shops to reopen from 15 June - PM

Coronavirus: All non-essential shops to reopen from 15 June - PM

SUMMARY: Image copyright Getty ImagesAll non-essential retailers will be able to reopen in England from 15 June, Boris Johnson has announced, as part of plans to further ease the lockdown.

bbc
Coronavirus: All non-essential retail shops can reopen in England from 15 June, PM says

Coronavirus: All non-essential retail shops can reopen in England from 15 June, PM says

SUMMARY: High street shops have been given the green light to start reopening from next week by Boris Johnson, as he tries to ease lockdown restrictions amid a huge public row over his top adviser.

sky news
Dawn of Asian century puts pressure on EU to choose sides, says top diplomat

Dawn of Asian century puts pressure on EU to choose sides, says top diplomat

SUMMARY: “Analysts have long talked about the end of an American-led system and the arrival of an Asian century.

the guardian
Unions and business support Sunak's 'last resort' bail out plans

Unions and business support Sunak's 'last resort' bail out plans

SUMMARY: Unions and business groups have backed the government’s plan to bail out strategically important companies whose failure would “disproportionately harm the economy”.

the guardian
Coronavirus: Spain to stop quarantining arrivals from 1 July

Coronavirus: Spain to stop quarantining arrivals from 1 July

SUMMARY: Image copyright ReutersForeign visitors to Spain will no longer have to undergo a two-week quarantine from 1 July, the government has announced.

bbc
Coronavirus: Hairdressers offer virtual appointments in lockdown

Coronavirus: Hairdressers offer virtual appointments in lockdown

SUMMARY: Image copyright Paul Phillips / Chopp Hair Image caption Paul Phillips has been offering consultations over FaceTimeHairdressers have been offering virtual appointments to help people style their hair at home.

bbc
Coronavirus: Moss Bros suitor abandons bid to scrap £22m takeover

Coronavirus: Moss Bros suitor abandons bid to scrap £22m takeover

SUMMARY: The company behind a £22m takeover of Moss Bros, the men's suits retailer, has abandoned an attempt to scrap the deal amid the coronavirus pandemic.

sky news
Volkswagen loses landmark German 'dieselgate' case

Volkswagen loses landmark German 'dieselgate' case

SUMMARY: Image copyright Getty ImagesGermany's highest civil court has ruled that Volkswagen must pay compensation to a motorist who had bought one of its diesel minivans fitted with emissions-cheating software.

bbc
Sorrell's S4 empire-building goes on with new MightyHive merger

Sorrell's S4 empire-building goes on with new MightyHive merger

SUMMARY: Sir Martin Sorrell's construction of a second global marketing services empire will take another step forward this week with the merger of its programmatic media arm with a leading Latin American peer.

sky news
Extra $600 in jobless pay offers many a lifeline – but will it be renewed?

Extra $600 in jobless pay offers many a lifeline – but will it be renewed?

SUMMARY: The extra money is going to his father, who he lives with, and to savings, for when the benefit expansion expires in July.

the guardian
British AI drug developer Exscientia to unveil £50m injection

British AI drug developer Exscientia to unveil £50m injection

SUMMARY: In March, Exscientia announced a joint initiative with Diamond Light Source, a science facility in Oxfordshire, and Calibr, a drug developer, to produce COVID-19 antiviral treatments.

sky news
Coronavirus: Government draws up plan to rescue key firms

Coronavirus: Government draws up plan to rescue key firms

SUMMARY: Image copyright Getty ImagesThe UK government has indicated it is prepared to rescue large British companies severely affected by the coronavirus crisis.

bbc
Coronavirus: 'Strategically important' companies could receive government bailouts

Coronavirus: 'Strategically important' companies could receive government bailouts

SUMMARY: Strategically important companies will be able to receive government bailouts on a "last resort" basis, it has been revealed.

sky news
Grenfell fears prevent timber building boom

Grenfell fears prevent timber building boom

SUMMARY: Image copyright Nist.govFears of another Grenfell-type fire are stunting the spread of wood-based buildings in England.

bbc
Australia has unnecessarily exposed itself to Beijing's fury, but relying on the US now is risky | Jonathan Pearlman

Australia has unnecessarily exposed itself to Beijing's fury, but relying on the US now is risky | Jonathan Pearlman

SUMMARY: In a testy post-Covid-19 world, Chinese sanctions of Australian goods may be closer than ever | Richard McGregor Read moreThis leaves Australia in uncomfortable and unfamiliar territory.

the guardian
Could you have to pay your bank to save money?

Could you have to pay your bank to save money?

SUMMARY: Last month, the Bank started new work on how negative interest rates could affect banks and the wider economy.

bbc