Author: LoveWorld UK

European shares rebounded on Monday as a slowdown in coronavirus deaths raised hopes that nationwide lockdowns were starting to show results, while Rolls Royce soared after becoming the latest multinational firm to raise cash to weather an economic slump. The British aero-engine maker (RR.L) jumped 15.4% after losing more than half its value this year, as it secured an extra 1.5 billion pounds ($1.8 billion) in reserves, even though it suspended its dividend for the first time since 1987. The benchmark STOXX 600 index was up 2.7%, after ending Friday with its sixth weekly decline in seven as the health…

The coronavirus outbreak has left many people in the UK unsure about their income and how they’ll get money while we’re in lockdown. So BBC Radio 1 Newsbeat has been speaking to experts at Citizens Advice England to find out what you can do if you’re worried about paying your bills. Can I suspend bill payments? If you’re unable to pay a utility bill – like gas or electric – you should contact the provider as soon as possible, says Graham O’Malley, debt expert at Citizens Advice. “Depending on the type of bill, they may be able to arrange a…

Google is to publicly track people’s movements over the course of the coronavirus pandemic. The tech firm will publish details of the different types of places people are going to on a county-by-county basis in the UK, as well as similar data for 130 other countries. The plan is to issue a regular updates with the figures referring back to activity from two or three days prior. The company has promised that individuals’ privacy will be preserved. The readings are based on location data gathered via the Google Maps app or one of the firm’s other mobile services. The firm typically uses…

The government will cover the losses of bus companies in England over the next three months to ensure that services can still run. The UK’s bus industry says passenger numbers have “fallen off a cliff” since the government advised people against all non-essential travel. That caused bus firms to cut services. But a new £167m fund will ensure that bus companies can cover their costs on essential services so that key workers, such as NHS staff, can get to work. Similar agreements are already in place in Scotland and Wales. The deal in Wales includes free bus travel for NHS…

The OPEC+ crude oil exporter group is debating cutting global supply by 10 million barrels per day (bpd), an OPEC source said on Friday, adding that any further cuts must include producers from outside the alliance. U.S. President Donald Trump on Thursday said he had brokered a deal that could result in Russia and Saudi Arabia cutting output by 10 million to 15 million bpd, representing 10-15% of global supply. Trump said he made no offer to cut U.S. output. The source added that OPEC+ is watching the outcome of a meeting between Trump and the oil companies later on…

Britons stood on doorsteps and leaned out of windows on Thursday for a second national round of applause for doctors, nurses and all other essential workers battling the coronavirus outbreak that is forcing them to stay at home and avoid other people. For the second Thursday in a row, people across the United Kingdom banged on pots and pans, shouted, clapped and set off firecrackers to show their support for health and care professionals seen as the superheroes of the hour. With the beloved but overstretched National Health Service (NHS) facing its toughest challenge since it was founded after World…

Global financial regulators said on Thursday they are in talks with governments to allow key staff at financial firms to work on-site during the coronavirus epidemic to keep markets open. The Financial Stability Board (FSB), which coordinates financial regulation for the Group of 20 Economies (G20), said its members held a teleconference on March 30 to review action to keep markets working and maintain the flow of credit to households and businesses. “A key issue discussed on the call was the critical nature of many financial services and the importance of ensuring their operation throughout the pandemic,” the FSB said…

Before the parcel from the food bank arrived, Natasha Cartey had just half a bag of rice and a tub of butter. She was wondering when her next meal would be. Cartey lives in social housing in Newham, one of London’s poorest boroughs, and receives government benefits. She is worried there will be riots if people are stuck at home for much longer. “The country might end up coming to a standstill,” she said. “How are people meant to bring up their kids or survive or pay the bills or earn income? “Protests and riots can and will get out…

LONDON (Reuters) – A consortium of British engineers, aerospace and Formula One companies are hoping to produce at least 1,500 ventilators a week within a matter of weeks, it said on Thursday. Companies including Airbus (AIR.PA), Ford (F.N), Rolls-Royce (RR.L) and BAE (BAES.L) have come together with seven Formula One teams to ramp up production of two existing ventilators made by Penlon and Smiths Group (SMIN.L) in Britain. The companies answered a call by Prime Minister Boris Johnson for industry to help build life-saving equipment ahead of the peak of the coronavirus outbreak.

Russia said on Thursday it was investigating a coronavirus outbreak in a remote northern region to check if more than 50 people in a hospital had been infected by a doctor. Russia’s Komi republic, 1,000 km (620 miles) northeast of Moscow, has reported 56 cases of the virus, more than any other region outside Moscow, its surrounding region and St. Petersburg. Fifty-five of those cases were related to a single hospital in the district of Ezhva in Komi’s regional capital, Syktyvkar, according to a statement by the regional administration. A coronavirus outbreak could be difficult to control in a region…