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Thursday, July 2, 2020
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CATEGORY

FINANCE

US Federal Reserve vows to keep providing aid and does not expect rates hike

The US Federal Reserve has made clear that it will keep providing support by buying bonds to maintain low borrowing rates and forecasting no...

EasyJet and Carnival poised to exit FTSE 100 as virus hammers travel firms

Budget airline easyJet and cruise operator Carnival are set to tumble out of the FTSE 100 after being battered by travel restrictions during the...

Coronavirus: IMF cancels £400m of debt repayments to help poor countries

Debt payments for the world’s most impoverished countries totalling £400 million have been cancelled to allow them to focus on dealing with coronavirus. The International...

British banks suspend dividends to save money for coronavirus fight

Britain’s biggest banks have become the latest to scrap their dividends, as businesses scramble to save money by stopping payments to shareholders amid the...

Microsoft ploughs ahead in cloud business growth

Microsoft has reported another solid quarterly report card to Wall Street, as it ploughs ahead in selling its cloud computing services to big businesses...

Bank of England to make ‘knife-edge’ rates decision amid cut speculation

Bank of England policymakers will gather for a “knife-edge” decision on interest rates this Thursday following recent speculation a cut may be on the...

Goldman Sachs profit falls 24% as legal expenses mar results

Goldman Sachs said its fourth-quarter profits dropped by 24% from a year earlier, as the bank had to set aside money to cover its...

Shareholders lose multimillion-pound legal battle against Lloyds

Lloyds shareholders have lost a multimillion-pound High Court action over the acquisition of HBOS. A judge sitting in London on Friday dismissed an action by...

Jingye set to save British Steel plant, and 4,000 jobs

A Chinese industrial giant is set to come to the rescue of British Steel within days, buying out its embattled plant in Scunthorpe in...

Barclays posts higher profits despite £1.4bn PPI charge

Barclays has posted higher profits in the third quarter despite taking a £1.4 billion hit for payment protection insurance (PPI) claims. The bank increased adjusted...

Latest news

Martina Navratilova says Coco Gauff can change the world for the better

Martina Navratilova insists rising tennis star Coco Gauff has the ability to “change the world for the better” after the American delivered a powerful...

Man held on UK-bound flight on suspicion of stabbing police in Hong Kong protest

Hong Kong police have arrested a man on a London-bound flight on suspicion of stabbing a police officer during protests over the semi-autonomous Chinese...

78% back extending Putin’s rule in Russian constitutional change – officials

Almost 78% of voters in Russia have approved amendments to the constitution that will allow Vladimir Putin to stay in power until 2036, election...

Boris Johnson’s father Stanley criticised for Greece trip amid pandemic

Boris Johnson’s father Stanley has been criticised by British MPs after flying to Greece despite UK Government advice urging people against all but essential...

UK Government recognises Juan Guaido as president of Venezuela, High Court rules

The UK Government has “unequivocally recognised” opposition leader Juan Guaido as president of Venezuela, the High Court has ruled in a battle over $1bn...
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