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UK promises extra help for business

Bloomberg UK businesses struggling to avoid collapse will be promised extra help by Boris Johnson’s government as the coronavirus inflicts further damage on the global economy. Airlines, tourist attractions, restaurants and theaters are among organisations facing a bleak outlook after the prime minister announced curbs on public events, travel and social gatherings. On Tuesday, Chancellor of the Exchequer Rishi Sunak ...

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Facebook, Microsoft, Google team up against virus misinformation

Bloomberg Facebook Inc, Alphabet Inc.’s Google, Microsoft Corp., Twitter Inc. and Reddit said they are teaming up to provide accurate information about the coronavirus and the Covid-19 illness it causes. “We’re helping millions of people stay connected while also jointly combating fraud and misinformation about the virus, elevating authoritative content on our platforms, and sharing critical updates in coordination with ...

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Spain bans short selling for a month

Bloomberg Spain’s securities regulator banned short selling for a month in an attempt to shield local stocks from the volatility caused by the coronavirus outbreak. The decision “has been taken due to the extreme volatility taking hold of European securities markets, including those based in Spain, their performance in the context of the situation arisen as a result of the ...

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