Author: LoveWorld UK

Britain will pay low-income residents to self-isolate if they have confirmed or suspected coronavirus as the government steps up measures to keep the virus under control. The new policy comes after opposition politicians called on the government to introduce the payments amid concerns that some people who cannot not afford to take time off work were avoiding complying with the health advice. The government said individuals who test positive for the virus will receive 130 pounds for their 10-day period of self-isolation. Other members of their household, who have to self-isolate for 14 days, will be entitled to 182 pounds.…

Major international banks may still pay out big bonuses to high flyers this year even as the pandemic saps the global economy, as fears of losing talent to rivals during a trading boom trump worries of a big compensation bill. While the likes of HSBC HSBC.L and Deutsche Bank (DBKGn.DE) are making redundancies to trim costs, other banks are taking a more relaxed approach to job, salary and bonus cuts across their workforces, remuneration consultants say. A poll in June of 75 financial firms by Pearl Meyer, a global remuneration consultant, showed 63% have neither made nor contemplated changes to…

Captain Lionel Messi has told Barcelona he wishes to leave the club immediately, a source confirmed on Tuesday, deepening the turmoil within the Catalan side less than two weeks after their humiliating 8-2 defeat by Bayern Munich. The source said the club received a burofax from Messi’s lawyers declaring that the player, who has spent his entire career at Barca, wished to leave. A burofax is a service used in Spain to urgently dispatch a document through a certified email, which issues a digital certificate with legal validity. The club subsequently sent Messi a burofax, stating they wanted him to…

First lady Melania Trump offered sympathy for victims of the coronavirus pandemic and a plea for racial understanding in a Republican convention speech on Tuesday aimed directly at the women voters who have abandoned U.S. President Donald Trump. Trump’s wife acknowledged the pain of the pandemic in sharp contrast to most other speakers at the party’s national convention, notably her husband, assailed by Democrats for his lack of solace during a U.S. health crisis that has killed more than 178,000 people. “I want to acknowledge the fact that since March, our lives have changed drastically,” Melania Trump told a crowd…

The British currency held steady on Wednesday against the U.S. dollar and rose slightly versus the euro, as Brexit uncertainty kept traders on the sidelines. This week’s biggest scheduled event is Bank of England Governor Andrew Bailey’s speech at Jackson Hole on Thursday. Beyond that, analysts said there were few factors to provide direction for the currency. “Sterling price action for the remainder of the week will be almost exclusively determined by external developments, given a bare data calendar at home,” FX analysts at Scotiabank wrote in a note to clients. “It won’t get much better next week, when Markit…

British Prime Minister Boris Johnson said on Tuesday he was “really pleased” by the work done to get ready to reopen schools from next week, a test of his government after it failed to return all children to schools earlier this year. Johnson, whose Conservative government has come under fire for how it has tackled education during the coronavirus crisis, said it was “crucial” for all children to return to school and that he would look at medical evidence to see whether he should change the government’s advice on wearing face coverings. After his government was criticized for its handling…

Virgin Atlantic’s creditors will vote on a 1.2 billion pound rescue plan on Tuesday in a crucial test of the airline’s ability to survive in an industry devastated by the COVID-19 pandemic. Virgin Atlantic agreed the deal with shareholders and creditors in July to secure its future beyond the coronavirus crisis. The airline, which is 51% owned by Richard Branson’s Virgin Group and 49% by U.S. airline Delta (DAL.N), said it remains confident in the restructuring plan and is on track to finalize its solvent recapitalization in the first week of September. Tuesday’s vote of affected trade creditors includes nearly…

Liverpool coach Juergen Klopp has praised his Bayern Munich counterpart Hansi Flick following the Germans’ Champions League victory on Sunday that completed a treble-winning season. Bayern beat Paris St Germain 1-0 in Lisbon to add the Champions League trophy to their German league and Cup double. “It is a bit difficult to write more history in just eight months,” Klopp, whose team won the 2019 Champions League crown and this year’s Premier League title, told ZDF television. “Bayern have a sensational squad. They have world-class players in all positions, all at just the right age.” Flick took over struggling Bayern…

Sterling rose slightly on Tuesday as the dollar slipped and investors waited for Britain’s August retail sales data that analysts say could lift the pound further. The dollar fell after investors returned to riskier currencies as a successful phone call between top trade officials in the United States and China boosted positive sentiment. Sterling was last up 0.18% at $1.3089 versus the greenback. It was up 0.14% at 90.36 pence versus the euro. The Confederation of British Industry’s (CBI) monthly retail sales numbers for August are expected later on Tuesday and could lead to a “temporary boost” for the pound,…

German business morale improved more than expected in August as both manufacturing and services picked up steam, a survey showed on Tuesday, boosting hopes that Europe’s largest economy is set for a strong recovery following the massive coronavirus shock. The Ifo institute said its business climate index rose to 92.6 from a downwardly revised 90.4 in July. This was the fourth monthly increase in a row and came in better than economists’ expectations for 92.2. “The German economy is on the road to recovery,” Ifo President Clemens Fuest said in a statement, adding that firms assessed their current business situation…