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Local News Outlets Dealt a Crippling Blow by This Biggest of Stories 23 Mar 11:40pm Updated Local News Outlets Dealt a Crippling Blow by This Biggest of Stories
Layoffs. Canceled print editions. Weekly papers and small dailies across the country face peril as the coronavirus cuts off ads and live events.
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GBP 1,24 +0,563%
EUR 1,09 -0,275%
CHF 1,03 -0,097%
23 Mar 10:47pm US tech giants team up to tackle coronavirus
Online retail giant Amazon and Microsoft's Bill Gates are working together to track the outbreak's spread.
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Big Tech Could Emerge From Coronavirus Crisis Stronger Than Ever 23 Mar 10:34pm Big Tech Could Emerge From Coronavirus Crisis Stronger Than Ever
Amazon is hiring aggressively to meet customer demand. Traffic has soared on Facebook and YouTube. And cloud computing has become essential to home workers.
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Sports Direct suggests staff are key workers and says stores will stay open 23 Mar 10:03pm Sports Direct suggests staff are key workers and says stores will stay open
Sports Direct bosses have told staff its stores will stay open because they are vital to the health of the nation.
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Your Money: A Hub for Help During the Coronavirus Crisis 23 Mar 10:00pm Updated Your Money: A Hub for Help During the Coronavirus Crisis
If your income has fallen or been cut off completely, we’re here to help. This guide will connect you to the basic information you’ll need to get through this, including on government benefits, free services and financial strategies.
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The Fed Goes All In With Unlimited Bond-Buying Plan Due to Coronavirus 23 Mar 9:32pm Updated The Fed Goes All In With Unlimited Bond-Buying Plan Due to Coronavirus
The Federal Reserve will buy bonds as needed to calm markets, and will buy corporate debt in a series of emergency lending programs.
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23 Mar 8:51pm Remote working: Seven tips for successful video meetings
Workplace consultant Guenaelle Watson gives seven tips for better video meetings.
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B&Q owner Kingfisher keeps stores open in six countries despite Covid-19 23 Mar 8:45pm Updated B&Q owner Kingfisher keeps stores open in six countries despite Covid-19
The multinational retailer says it has taken significant mitigation measures though to ensure staff and customers are safe while minimising the inevitable impact on trade.
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23 Mar 8:09pm Updated Coronavirus: All non-essential shops to close immediately
Only shops selling essential goods such as food and medicine are now allowed to stay open.
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Limit for contactless spending to rise to £45 at beginning of April 23 Mar 8:01pm Limit for contactless spending to rise to £45 at beginning of April
Retailers say changes, designed to cut the need for contact, may take time to be implemented everywhere The contactless limit for in-store spending is to increase from £30 to £45 from 1 April as retailers cut the need for physical contact in shops amid the coronavirus epidemic. But retailers warned that it may take some time for the new limit to come into force everywhere. The British Retail Consortium’s head of payments policy, Andrew Cregan, said: “The last
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23 Mar 7:59pm As Fox News Played Down the Coronavirus, Its Chief Protected Himself
The cancellation of an 89th birthday party for Rupert Murdoch highlights a disconnect between his family’s behavior and statements made on air by some Fox commentators.
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Bankers Pledge Mortgage Help, but Want Billions 23 Mar 7:09pm Bankers Pledge Mortgage Help, but Want Billions
Millions of borrowers may be unable to make payments on home loans next week. The mortgage industry says it’s willing to help, but needs the government to back it up.
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The Coronavirus Revives Facebook as a News Powerhouse 23 Mar 6:19pm The Coronavirus Revives Facebook as a News Powerhouse
More than half of all news consumption on Facebook in America is about the virus, according to an internal report.
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IWG founder sees £70m wiped off his personal fortune 23 Mar 6:10pm IWG founder sees £70m wiped off his personal fortune
IWG cancelled its final dividend and called off a share buyback scheme, saying it needed to slash costs due to the outbreak which forced it to close offices in China, although those have reopened.
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Glastonbury call-off hits trading at power generator supplier Aggreko 23 Mar 6:09pm Glastonbury call-off hits trading at power generator supplier Aggreko
Aggreko has been a supplier to Glastonbury, where Taylor Swift (pictured) was booked to perform this year, since 2007 but only around 8 per cent of its revenue comes from its events division.
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Stelios urges Easyjet to fire staff and stop buying planes 23 Mar 6:09pm Stelios urges Easyjet to fire staff and stop buying planes
Just days after the company paid him a £60m dividend, Sir Stelios Haji-Ioannou (pictured) said its multi-billion pound order for new planes was the real 'elephant in the room'.
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Whatever It Takes: How the Fed Aims to Rescue the Economy 23 Mar 6:09pm Whatever It Takes: How the Fed Aims to Rescue the Economy
The central bank is using tactics from the last financial crisis and deploying new ones to keep money flowing. Here are the basics.
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MARKET REPORT: High Street shares crushed as stores shut their doors 23 Mar 6:07pm MARKET REPORT: High Street shares crushed as stores shut their doors
Next temporarily closed its 700 UK stores last night, while Primark's 189 shops will be shut 'until further notice'. Bakery chain Greggs, will shut its 2,000-plus branches by the close of business today.
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ALEX BRUMMER: Coronavirus pandemic exposes a world without leadership  23 Mar 6:07pm ALEX BRUMMER: Coronavirus pandemic exposes a world without leadership 
Gordon Brown has most loudly declared what needs doing, but still the international response to coronavirus is flaccid and in danger of blowing up the post-Second World War economic order.
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Rupert Murdoch Put His Son in Charge of Fox. It Was a Dangerous Mistake. 23 Mar 5:12pm Updated Rupert Murdoch Put His Son in Charge of Fox. It Was a Dangerous Mistake.
The 48-year-old Lachlan Murdoch stood by as Fox News hosts played down the danger of the deadly coronavirus to their viewers.
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The War on Coronavirus Comes to Trump Properties 23 Mar 4:59pm Updated The War on Coronavirus Comes to Trump Properties
Health restrictions have led to cutbacks at hotels and golf courses. But the swimming pool remains open at a Florida resort, and a New York golf course offers “fresh air” without caddies.
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Logged On From the Laundry Room: How the C.E.O.s of Google, Pfizer and Slack Work From Home 23 Mar 4:57pm Updated Logged On From the Laundry Room: How the C.E.O.s of Google, Pfizer and Slack Work From Home
As chief executives hunker down during the pandemic, home offices have become corporate headquarters.
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Government chooses design of ventilators needed to cope with surge in need 23 Mar 4:54pm Government chooses design of ventilators needed to cope with surge in need
Sources close to discussions say government has opted for existing blueprints to meet expected demand for 30,000 machines
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PG&E Will Plead Guilty to Involuntary Manslaughter in Camp Fire 23 Mar 4:48pm Updated PG&E Will Plead Guilty to Involuntary Manslaughter in Camp Fire
The California utility faced felony charges in connection with a 2018 wildfire that killed more than 80 people.
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Octopus Energy in talks to sell stake to Origin 23 Mar 4:42pm Octopus Energy in talks to sell stake to Origin
One of Britain's fastest-growing energy suppliers has been holding talks to sell a big stake to a major Australian utility even as the COVID-19 pandemic throws global dealmaking activity off course.
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23 Mar 4:24pm Updated Global stocks fall again despite virus rescue efforts
Shares slide again as more drastic action is taken by governments to stop the virus spreading.
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IMF warns Covid-19 recession could be worse than financial crisis - business live 23 Mar 4:04pm Updated IMF warns Covid-19 recession could be worse than financial crisis - business live
US central bank has produced its biggest bazooka yet, promising massive new support for the American economy
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There Is a Racial Divide in Speech-Recognition Systems, Researchers Say 23 Mar 3:29pm There Is a Racial Divide in Speech-Recognition Systems, Researchers Say
Technology from Amazon, Apple, Google, IBM and Microsoft misidentified 35 percent of words from people who were black. White people fared much better.
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American Oil Drillers Were Hanging On by a Thread. Then Came the Virus. 23 Mar 3:27pm Updated American Oil Drillers Were Hanging On by a Thread. Then Came the Virus.
Energy companies were major issuers of junk bonds to finance expansion. But now they are in trouble as capital has dried up and oil prices have cratered.
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23 Mar 3:08pm Updated Coronavirus: Greggs to close all stores to prevent spread
Restaurant chains including McDonald's and Nando's close, saying they want to protect staff and customers.
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Deliveroo chief urges PM to back food delivery campaign 23 Mar 2:49pm Deliveroo chief urges PM to back food delivery campaign
The founder of Deliveroo has urged Boris Johnson to relieve the pressure on Britain's supermarkets by launching an information campaign to promote the safety of restaurant food as thousands of outlets face insolvency.
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The U.S. Needs China’s Masks, as Acrimony Grows 23 Mar 2:44pm Updated The U.S. Needs China’s Masks, as Acrimony Grows
Beijing has signaled a willingness to supply the U.S. as its outbreak spreads. Increasingly harsh language and logistical issues could make it difficult to reach deals.
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UK under pressure to offer urgent aid to 5 million self-employed 23 Mar 2:23pm UK under pressure to offer urgent aid to 5 million self-employed
Government urged to extend wage subsidies as cost of coronavirus crisis escalates
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Stock Markets in Asia Fall on U.S. Stalemate: Live Updates 23 Mar 2:15pm Updated Stock Markets in Asia Fall on U.S. Stalemate: Live Updates
Live updates on stock market and business news during the coronavirus outbreak.
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Governments and Companies Race to Make Masks Vital to Virus Fight 23 Mar 2:03pm Updated Governments and Companies Race to Make Masks Vital to Virus Fight
President Trump resists using emergency powers to compel production, saying companies will voluntarily provide much-needed protective gear.
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Rail franchising has hit the buffers. The question is, what replaces it? | Nils Pratley 23 Mar 1:50pm Rail franchising has hit the buffers. The question is, what replaces it? | Nils Pratley
Those who said it could only be replaced gradually were wrong. It was done over a weekend Rail franchising is being suspended “for a limited period, initially six months,” said the Department for Transport. Are you sure? It seems more likely the whole franchising model, as understood since privatisation in the 1990s, is now over for good. Who, after all, will want to revive a system that the government’s own adviser, former British Airways boss Keith Williams, last year described as unfit for purpose even in happier times? Train operators themselves surely won’t be lobbying for the return of their franchises on the same financial terms.
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Why has the pound fallen so far in the coronavirus panic? 23 Mar 1:39pm Updated Why has the pound fallen so far in the coronavirus panic?
Unlike Brexit, the coronavirus crisis is a problem affecting the whole world, so why has sterling fallen so hard against the dollar, to as low as $1.15?
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Manufacturers work on blueprint to create 30,000 NHS ventilators 23 Mar 1:12pm Manufacturers work on blueprint to create 30,000 NHS ventilators
Nissan and Rolls-Royce among firms helping to design UK equipment to fight coronavirus
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London stock market plunges nearly 5% on the open 23 Mar 1:04pm Updated London stock market plunges nearly 5% on the open
After the Fed announced an indefinite bond-buying programme, the blue-chip index recovered quite sharply at first, but then dropped back to close nearly 4% down.
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INTERNATIONAL BIOTECHNOLOGY TRUST: Biotech trust will prosper, says its doctor 23 Mar 1:04pm Updated INTERNATIONAL BIOTECHNOLOGY TRUST: Biotech trust will prosper, says its doctor
Manager Doctor Carl Harald Janson has attempted to de-risk the portfolio a little by selling a couple of (undisclosed) stakes and holding some of the trust's assets in cash.
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UK government considers forcing non-essential shops to close 23 Mar 1:02pm UK government considers forcing non-essential shops to close
WH Smith refuses to bow to pressure from staff to close stores because of coronavirus
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The Fed Goes All In With Unlimited Bond-Buying Plan 23 Mar 12:45pm The Fed Goes All In With Unlimited Bond-Buying Plan
The Federal Reserve will buy bonds as needed to calm markets, and will buy corporate debt in a series of emergency lending programs.
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The Fed is running out of options to stave off a coronavirus depression | Larry Elliott 23 Mar 12:20pm The Fed is running out of options to stave off a coronavirus depression | Larry Elliott
Nothing is working as the US central bank tries to pull the markets out of a slump
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23 Mar 12:13pm Updated Laura Ashley to shut half its shops as seeks buyer
The furniture and fashion chain says the coronavirus "had an immediate and significant impact on trading".
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Cattle gridlock: EU border delays add to coronavirus strain on meat trade 23 Mar 12:01pm Cattle gridlock: EU border delays add to coronavirus strain on meat trade
Possible slaughterhouse shutdowns and staffing issues put pressure on ‘vulnerable’ supply chains, as campaigners call for restriction of live exports Campaigners have called for the suspension of all live animal shipments out of Europe, and a restriction to the shortest possible journeys within Europe, over welfare and animal diseases concerns – as meat supply chains face potentially debilitating strain. Last week queues of up to 60km (37 miles) formed at the Polish/German border on Wednesday after Poland announced that it was shutting to foreigners. Although the closure was supposed to apply solely to people, cargo experienced a knock-on effect, with some trucks reportedly taking as long as 18 hours to get through border controls. More queues formed at the Bulgarian/Turkish border.
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SMALL CAP SHARE IDEAS: AIM trio wade into battle against coronavirus and lung disease 23 Mar 11:23am SMALL CAP SHARE IDEAS: AIM trio wade into battle against coronavirus and lung disease
Synairgen , Faron Pharmaceuticals and Tiziana Life Sciences are all working on drugs either to help cure lung disease or alleviate the symptoms.
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Small Businesses Seek a Crisis Lifeline Beyond Loans 23 Mar 10:47am Updated Small Businesses Seek a Crisis Lifeline Beyond Loans
Many owners fear taking on debt they are not sure they can repay and are looking to the federal government for more than low-interest disaster loans.
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Sandwich chain Eat closes permanently after 24 years 23 Mar 10:32am Sandwich chain Eat closes permanently after 24 years
Owner Pret a Manger shuts all 90 UK stores following heavy losses The struggling
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SoftBank Says It Will Sell $41 Billion in Assets to Buy Back Shares 23 Mar 10:30am SoftBank Says It Will Sell $41 Billion in Assets to Buy Back Shares
The Japanese conglomerate has bet heavily on companies that are likely to take a significant financial hit from the coronavirus outbreak.
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Eli Miller, a Sultan of Seltzer, Is Dead at 86 23 Mar 10:27am Eli Miller, a Sultan of Seltzer, Is Dead at 86
He began delivering sparkling water in 1960, when hundreds of seltzer men plied the streets. He continued until 2017, when there were almost none.
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BlackRock pledges $50m for vulnerable people during Covid-19 outbreak 23 Mar 10:16am BlackRock pledges $50m for vulnerable people during Covid-19 outbreak
US fund manager has already made $18m available to community organisations
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Mortgage holidays: Call your bank before cancelling payments 23 Mar 10:12am Updated Mortgage holidays: Call your bank before cancelling payments
Lenders have warned borrowers looking to take advantage of a three-month coronavirus mortgage holiday are cancelling direct debits without speaking to them.
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What Will Fill a $4 Trillion Hole in the Economy? 23 Mar 10:06am Updated What Will Fill a $4 Trillion Hole in the Economy?
In an echo of 2008, partisan wrangling caused a giant stimulus bill to stumble, even as the market plunged and businesses buckled.
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23 Mar 10:05am The Prodrive Motorsport company it switching its factory to ventilators
The Prodrive Motorsport company it switching its factory to ventilators
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Coronavirus: giant UK pension fund says it is protecting small savers 23 Mar 10:03am Coronavirus: giant UK pension fund says it is protecting small savers
National Employment Savings Trust says most savers will not be suffering ‘extreme volatility’
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23 Mar 9:57am Updated Coronavirus: Firms fear missing out on support measures
Businesses warn the new emergency loans will leave a lot of firms out in the cold.
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Shell plans to slash $9bn from spending in wake of coronavirus 23 Mar 9:24am Shell plans to slash $9bn from spending in wake of coronavirus
Anglo-Dutch oil giant to cut operating costs by $4bn and capital spend by up to $20bn
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Criticism over crowded London Underground trains 23 Mar 9:14am Criticism over crowded London Underground trains
Reduced rush hour service leading to packed trains carrying NHS staff and other key workers in the capital
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PG&E Will Plead Guilty to Manslaughter in Camp Fire 23 Mar 9:02am Updated PG&E Will Plead Guilty to Manslaughter in Camp Fire
The California utility faced felony charges in connection with a 2018 wildfire that killed more than 80 people.
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Morrisons and Aldi to put up checkout screens to protect staff 23 Mar 8:45am Morrisons and Aldi to put up checkout screens to protect staff
Move comes as shop workers’ union raises growing concern about exposure to coronavirus
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The Fed Goes All-In With New, Unlimited Bond-Buying Plan 23 Mar 8:44am The Fed Goes All-In With New, Unlimited Bond-Buying Plan
The Federal Reserve will buy bonds as needed to calm markets, and will buy corporate debt in a series of emergency lending programs.
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Mervyn King presses Rishi Sunak over pay for self-employed 23 Mar 8:39am Mervyn King presses Rishi Sunak over pay for self-employed
Coronavirus is ‘much more serious and difficult to cope with’ than 2008 financial crisis
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Federal Reserve launches new measures to protect US economy from Covid-19 recession - business live 23 Mar 8:19am Federal Reserve launches new measures to protect US economy from Covid-19 recession - business live
Rolling coverage of the latest economic and financial news, as US central bank launches unlimited QE and more credit for US companies and households
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Markets slump as US Senate deadlocked over Covid-19 stimulus - business live 23 Mar 8:03am Updated Markets slump as US Senate deadlocked over Covid-19 stimulus - business live
Rolling coverage of the latest economic and financial news, as fears of a deep global recession send shares sliding again
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Vauxhall Zafira and diesel Audi A3 among the least reliable cars 23 Mar 7:55am Updated Vauxhall Zafira and diesel Audi A3 among the least reliable cars
A poll of motorists by What Car? magazine found that the Vauxhall Zafira was among the least reliable in the UK while Japanese cars dominated the top ten list of the most reliable cars.
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UK government considers forcing non-essential shops to close – reports 23 Mar 7:48am UK government considers forcing non-essential shops to close – reports
Debenhams, Nando’s, Primark and more join shutdown list in attempt to stem coronavirus
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Government considers forcing non-essential shops to close – reports 23 Mar 7:40am Government considers forcing non-essential shops to close – reports
Debenhams, Nando’s, Primark and more join shutdown list in attempt to stem coronavirus
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The Coronavirus Bailout: What About Stores and Clothing? 23 Mar 7:21am The Coronavirus Bailout: What About Stores and Clothing?
Predicting millions of job losses in retail, an industry presses for federal money to save the retail clothing industries.
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DealBook: What Will Fill a $4 Trillion Hole in the Economy? 23 Mar 7:20am DealBook: What Will Fill a $4 Trillion Hole in the Economy?
In an echo of 2008, partisan wrangling caused a giant stimulus bill to stumble, even as the market plunged and businesses buckled.
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23 Mar 6:32am Updated Global stocks fall again despite coronavirus action
Shares slide again as more drastic action is taken by governments to stop the virus spreading.
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Was it really surprising the pound plummeted so low last week? 23 Mar 6:12am Was it really surprising the pound plummeted so low last week?
The pound tumbled to $1.15 last week, its lowest level since those heady days of 1985. In many ways, this was expected. In times of crisis, people rush to the familiar and the safe.
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Retailers vie for ‘essential retail’ status in virus outbreak 23 Mar 6:07am Retailers vie for ‘essential retail’ status in virus outbreak
Some of Britain’s biggest retailers are mounting frantic lobbying campaigns to keep their shops open as the prospect grows of a full nationwide lockdown triggered by the coronavirus pandemic.
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23 Mar 5:43am Updated Commuters to get refund on rail season tickets
The government is refunding the cost of season tickets for workers staying at home over virus fears.
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Tui wanted me to pay £100 to postpone my holiday to Italy? 23 Mar 5:38am Updated Tui wanted me to pay £100 to postpone my holiday to Italy?
I am trying to defer my holiday with Tui to Italy until next year when the coronavirus outbreak will hopefully be over - but Tui have said if I do that, I will have to pay a £100 fee.
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What to do as the markets plunge amid coronavirus? Establish emotional distance | Suzanne McGee 23 Mar 5:00am What to do as the markets plunge amid coronavirus? Establish emotional distance | Suzanne McGee
Don’t panic! Take a step back and distance your emotions from the market’s gyrations with this generational guide I know it feels like time to PANIC! But now, more than ever, is the time to establish a healthy social – and emotional – distance from your 401(k) retirement savings plans. Unless you have been hiding under a rock (not a bad plan) you will have seen that the Covid-19 pandemic has torn through the stock markets.
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Stuck in a Spare Room, Running a Company 23 Mar 5:00am Stuck in a Spare Room, Running a Company
As chief executives hunker down during the pandemic, home offices have become corporate headquarters.
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23 Mar 4:13am Updated Stocks fall as nations take coronavirus action
Shares slide again as more drastic action is taken by governments to stop the virus spreading.
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Rail franchise deals suspended to avoid company collapses 23 Mar 4:08am Rail franchise deals suspended to avoid company collapses
The Government has brought in emergency measures to provide refunds to ticket holders and prevent rail companies from collapsing due to the COVID-19 pandemic.
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US cities in coronavirus quarantine, seen from above – in pictures 23 Mar 3:29am US cities in coronavirus quarantine, seen from above – in pictures
Many US states and cities have told their citizens to stay home and avoid contact with other people. These images show how empty schools, parking lots and city streets have become
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U.S. Stock Futures Sink as Washington Struggles Over Rescue Plan 23 Mar 3:25am U.S. Stock Futures Sink as Washington Struggles Over Rescue Plan
Live updates on stock market and business news during the coronavirus outbreak.
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eBay protects its buyers – but what about sellers? 23 Mar 3:00am eBay protects its buyers – but what about sellers?
The auction site ignored photographs and evidence and a seller lost a £249 router
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Energy storage boom stalls in Europe 23 Mar 2:01am Energy storage boom stalls in Europe
Slowdown in large-scale clean energy projects started before coronavirus crisis due to lack of state support Europe’s energy storage boom stalled last year due to a slowdown in large-scale schemes designed to store clean electricity from major renewable energy projects, according to the European Association for Storage of Energy (Ease). A new study by consultants Delta-EE for Ease found that the European market grew by a total of 1 gigawatts per hour in 2019, a significant slowdown compared with 2018, when the energy storage market exceeded expectations to grow by 1.47GWh.
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This virus is ravaging rich countries. What happens when it hits the poor ones? | Nesrine Malik 23 Mar 2:00am This virus is ravaging rich countries. What happens when it hits the poor ones? | Nesrine Malik
Horror over the west’s failure to contain Covid-19 will pale by comparison if it sweeps the developing world
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Stock markets resume slump as West nears virus lockdown 23 Mar 1:48am Stock markets resume slump as West nears virus lockdown
Global stock markets have resumed their coronavirus slump as business activity across the Western world winds down amid efforts to fight the spread.
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Sir Richard Branson pledges £215m boost to protect Virgin jobs 23 Mar 12:16am Sir Richard Branson pledges £215m boost to protect Virgin jobs
Sir Richard Branson has vowed to invest £215m into his Virgin business to protect jobs following the outbreak of the coronavirus.
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