Author: LoveWorld UK

British Airways, easyJet (EZJ.L) and Ryanair (RYA.I) have launched legal action against the UK government’s quarantine policy, asking for a judicial review to be heard as soon as possible. The airlines said earlier this week they would try to end the 14-day quarantine rule for international arrivals, which they say will deter travel and threaten more jobs just as the battered aviation industry was hoping for a recovery. Lawyers have said the government would have to show the scientific evidence that underpinned the need for a quarantine if judges allow a judicial review to go ahead. Britain’s chief scientist said…

Britain’s economy shrank by a record 20.4% in April from March as the country spent the month in a tight coronavirus lockdown, official data showed on Friday in what is likely to be the bottom of the crash before a long and slow recovery. In a slump that dwarfed previous downturns in Britain’s recent history, the Office for National Statistics also said the economy shrank by 24.5% compared with April last year. Both readings were below the already unprecedentedly weak forecasts in a Reuters poll of economists. “Record GDP falls in today’s figures. When taking April and March together the…

British-based commodities tycoon Sanjeev Gupta’s global metals businesses said on Thursday it will cut costs and shed jobs due to a sharp slide in demand that could last up to 18 months. The GFG Alliance, a conglomerate with wide-ranging operations including steel, aluminium and infrastructure, said its business had been hit hard by the coronavirus pandemic. GFG, with 35,000 workers, needed to adjust to the new market environment so it would aim to cut costs by 30%, including an unspecified number of job cuts, it said in a statement. “Demand from steel-consuming sectors in certain regions has dropped by between…

British Airways will sell at least 10 works of art from its extensive collection, a source said, to try to raise millions of pounds to boost its cash reserves as it struggles through the coronavirus pandemic. The airline has come under fire from British politicians for plans to cut 12,000 jobs. But with planes grounded and no revenue, it says the job losses are necessary because travel demand is set to shrink in coming years. The BA collection includes works by Damien Hirst, Peter Doig and Bridget Riley, and selling off some of the works, which usually hang in executive…

Prime Minister Scott Morrison said on Thursday he would not be intimidated by “coercion” after China restricted some Australian exports and urged Chinese tourists and students to avoid Australia. Diplomatic tensions between Beijing and Canberra have worsened since Australia called for an international inquiry into the source and spread of the new coronavirus, which first emerged in the Chinese city of Wuhan. Lobbying by Australia and the European Union prompted the World Health Assembly last month to back an independent review into the coronavirus pandemic. On Tuesday, China’s Ministry of Education said students should reconsider choosing to study in Australia.…

Unilever proposed combining its Dutch and British legal entities in a single holding company based in Britain on Thursday, after shareholders sank an earlier plan to move the global consumer goods group’s headquarters to the Netherlands. The proposed unification, which would unwind a structure that has been in place since 1930, would give Dove soap maker Unilever more flexibility for mergers and acquisitions and reduce complexity, the Anglo-Dutch company said in a statement. The proposal, which resulted from an 18-month review, was accelerated in part by Unilever’s decision to demerge its tea business this year. Unilever said achieving that demerger…

A local authority in southern England said it would remove a statue of Robert Baden-Powell, founder of the worldwide scouting movement, the latest memorial to be taken down in the wake of anti-racism protests sparked by the death of George Floyd. The demonstrations sweeping across the United States and Europe following the death of Floyd in Minneapolis have reignited a debate about monuments to those involved in Britain’s imperialist past. Poole council said on Thursday the statue of Baden-Powell, a British Boer War hero, would now be moved from its location on the quayside of the seaside town where it…

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France will end special government powers brought in to deal with the coronavirus pandemic on July 10 though it will retain the ability to curb gatherings and freedom of movement for four months, the prime minister’s office said. As coronavirus infections spiralled out of control in March, France passed “state of health emergency” legislation which gave the government the power to restrict civil liberties by decree without parliamentary approval. With data showing the virus may be fading and the number of people in intensive care continuing to steadily decline since the government lifted its lockdown on May 11, France is…

U.S. Secretary of State Mike Pompeo on Tuesday chided British bank HSBC (HSBA.L) for backing moves by China to end Hong Kong’s autonomy, saying such “corporate kowtows” got little in return from Beijing. Pompeo said the United States stood ready to help Britain with alternatives after Beijing reportedly threatened to punish HSBC and break commitments to build nuclear power plants in the country unless the British government allowed China’s Huawei Technologies to participate in building a 5G network. “The United States stands with our allies and partners against the Chinese Communist Party’s coercive bullying tactics,” Pompeo said in a statement,…