Editor Brian Harrod Provides Comprehensive up-to-date news coverage, with aggregated news from sources all over the world from the Roundup Newswires Network
Brainchild of Dominic Cummings will seek to return Britain to its ‘pioneering scientific roots’, says chancellor
The government will pump at least £800m into a new “blue skies” science research agency as part of a series of pro-business measures designed to boost Britain’s competitive edge.
US stock markets have been on an unprecedented streak since 2009, a bull market of gains
Wall Street’s record-breaking 11-year “bull market” came to an end on Wednesday as fears about the spreading Covid-19 pandemic hit stock markets again.
US stock markets have been on an unprecedented streak since 2009, a bull market of gains. On Wednesday investors sold off shares across all sectors after the World Health Organization declared the outbreak a pandemic for the first time and criticized “alarming levels of inaction” by governments in corralling the virus.
State says virus ‘is no different’ to floods, cyclones and bushfires as it prepares to ramp up pressure at Coag meeting
Queensland will use the upcoming meeting of state leaders and the prime minister to appeal to the federal government to open up its natural disaster assistance payments to local industries impacted by the coronavirus.
Scott Morrison has previously rejected Queensland’s request for the disaster recovery funding arrangements to be made available for businesses knocked by the economic slowdown resulting from Covid-19 on 4 February, and again on 28 February.
As the whole of Italy goes into lockdown, there are some reassuring signs that measures are starting to work. Across the 11 towns that went into quarantine over two weeks ago, the number of cases is beginning to fall.
Virgin Atlantic has called on the European Commission and UK flight slots co-ordinator to relax rules amid the coronavirus outbreak, PA reports.
Chief executive Shai Weiss said: “Last month Virgin Atlantic and industry partners committed to achieving net zero carbon by 2050.
Landmark legal action against world’s biggest tech companies lead to death threats, says activist Auguste Mutombo
A Congolese human rights activist has said he was forced to flee the country with his family after being linked to a lawsuit accusing the world’s largest tech companies of being complicit in the deaths of children in cobalt mines in the Democratic Republic of the Congo (DRC).
In December, the Guardian revealed that a group of families from DRC were launching landmark legal action against Apple, Google, Tesla, Microsoft and Dell. They claim they aided and abetted the deaths and injuries of their children, who were working in mines that they say were linked to the tech companies.
Dealing in shares on the main US indices was frozen within minutes of the opening bell, as circuit breakers were triggered by a 7% fall on the S&P 500. Once trading resumed 15 minutes later, the Dow Jones Industrial Average completed a fall of more than 2,000 points for the first time ever – a fall of more than 7%.
Royal Dutch Shell and BP lose more than £32bn from their combined market value
Saudi Arabia’s oil price war has wiped billions of pounds from the market value of the industry’s biggest companies after oil markets recorded one of the biggest price slumps in history.
The decision of the world’s largest oil-producing nation to increase its production even as the coronavirus outbreak stalls global oil demand triggered a 30% drop in oil prices on Monday morning.
US authorities are planning a flight tomorrow to repatriate Britons on the coronavirus-hit Grand Princess cruise ship.
The UK Foreign Office issued the following statement:
We continue to work closely with the US authorities to repatriate British nationals on board the Grand Princess. The US are currently planning for a flight to leave tomorrow evening, returning to the UK on Wednesday afternoon. We remain in contact with all British nationals on board and will continue to offer support.
Chinese authorities reportedly scrambled to move people out of quarantine hotels which need full safety inspections after the deaths of at least 10 people in a collapsed hotel.
Joanna Davison, an English teacher, and her partner were suddenly placed in enforced isolation in Shenzhen after a ferry trip about 10 days ago. On Thursday, she told the Guardian she endured a “terrifying” experience as five people in hazmat suits came to test them at her home before they were whisked to quarantine.
Move follows Russian refusal to join Opec-led production cut aimed at keeping prices high
The price of crude oil has plunged by more than 20% after Saudi Arabia, the world’s top oil exporter, said it would step up production from next month, flooding global markets and most likely depressing petrol and diesel prices.
Brent crude futures slid 30% to $31.02 a barrel in chaotic trade on Monday morning, before recovering slightly to $36.06, a drop of 20% on Friday night’s close. It was the worst one-day fall for brent since the start of the first Gulf war in 1991. US crude fell 27% to $30.
Washington DC-based bank grants funds to redraft south American state’s oil laws by lawyers linked to oil giant
The World Bank is to pay for Guyana’s oil laws to be rewritten by a legal firm that has regularly worked for ExxonMobil, just as the US producer prepares to extract as much as 8bn barrels of oil off the country’s coast.
The World Bank has pledged not to fund fossil fuel extraction directly, but it is giving Guyana millions of dollars to develop governance in its burgeoning oil sector, as the south American country prepares for an oil rush led by ExxonMobil and its partners.
The 5% rate on sanitary products will end. Rishi Sunak also plans to ensure banks keep circulating cash
The chancellor will announce the abolition of the “tampon tax” in next week’s budget, marking the successful conclusion to a 20-year campaign by women’s rights activists.
Tampons and other women’s sanitary products currently have 5% VAT added to their price, but this will be scrapped, saving the average woman £40 over her lifetime. The tax will end when Britain leaves the EU at the end of December.
Preliminary findings conclude Boeing ‘jeopardized the safety of the flying public’ in its attempts to get Max approved by regulators
A “culture of concealment”, cost cutting and “grossly insufficient” oversight led to two fatal crashes of Boeing 737 Max aircraft that claimed 346 lives, a congressional report has concluded.
The preliminary findings, issued by Democrats on the House transportation committee, conclude that Boeing “jeopardized the safety of the flying public” in its attempts to get the Max approved by regulators.
Rishi Sunak is poised to announce a package of emergency measures to support businesses hit by the knock-on effects of the coronavirus crisis in his first budget on Wednesday.
The chancellor is considering short-term tax holidays for affected businesses, and taxpayer support for small businesses whose employees self-isolate as the outbreak escalates, the Guardian understands.
Climate lobbying watchdog claims US oil giant met EC officials in run-up to policy
The US oil firm ExxonMobil met key European commission officials in an attempt to water down the European Green Deal in the weeks before it was agreed, according to a climate lobbying watchdog.
Documents unearthed by InfluenceMap revealed that Exxon lobbyists met Brussels officials in November to urge the EU to extend its carbon-pricing scheme to “stationary” sources, such as power plants, to include tailpipe emissions from vehicles using petrol or diesel.
We have been informed that one of our employees at 8 Canada Square has been diagnosed with COVID-19. This colleague is under medical supervision and has self-isolated. We are working closely with the health authorities.
We are deep-cleaning the floor where our colleague worked and shared areas of the building. Colleagues on that floor, and others who came into contact with him, have been advised to work at home. Based on medical and official advice the building remains open and operates as normal.
European-listed firms could face fines if fewer than 40% of their non-executive board seats are taken by women
The European Union executive is reviving plans for mandatory quotas of women on company boards, amid slowing progress towards gender equality among top management.
The EU commissioner for equality, Helena Dalli, told journalists that quotas “can be a very ugly word” but were also “a necessary evil, in the sense we have to use quotas because otherwise we will wait another 100 years for things to change by themselves”.
Nespresso also named in TV exposé of labour scandal in Guatemala
High street coffee shop giant Starbucks has been caught up in a child labour row after an investigation revealed that children under 13 were working on farms in Guatemala that supply the chain with its beans.
Channel 4’s Dispatches filmed the children working 40-hour weeks in gruelling conditions, picking coffee for a daily wage little more than the price of a latte. The beans are also supplied to Nespresso, owned by Nestlé. Last week, actor George Clooney, the advertising face of Nespresso, praised the investigation and said he was saddened by its findings.
Reuters reports that the number of confirmed cases of the coronavirus in Italy has climbed above 1,000, according to an official who said the number of deaths had surged to 29.
Bonds designed to provide fast funding for poor countries branded ‘obscene’ because of complex payout criteria
A flagship $500m World Bank scheme to help the poorest countries deal with a health emergency is “too little too late” for the coronavirus outbreak, say health experts.
The first pandemic emergency financing (PEF) bonds were launched in 2017 by Jim Yong Kim, the bank’s president at the time, after the Ebola outbreak in west Africa. Designed to potentially “save millions of lives and entire economies” by speedily funnelling money to nations facing pandemics.