Bloomberg The UK government came under pressure from its own scientists to show caution in easing the pace at which it’s lifting the lockdown, as the behaviour of the prime minister’s adviser Dominic Cummings faced fresh criticism from senior scientists and academics. Foreign secretary Dominic Raab defended the decision to allow some loosening of restrictions after a group of more ...

Bloomberg President Donald Trump said he’s planning an expanded Group of Seven leaders meeting in the autumn, potentially even after the November election, postponing efforts to hold the event in June at Camp David. Trump, speaking to reporters aboard Air Force One, said he’d like to extend an invitation to leaders from Russia, Australia, India and South Korea as well ...

Bloomberg The UK is preparing a stimulus package to tackle the jump in unemployment due to the coronavirus, with expectations that the jobless rate could soon rise to more than 10%, the Financial Times reported, citing unidentified government officials. Prime Minister Boris Johnson is working with Chancellor of the Exchequer Rishi Sunak on the plan , which is expected to ...

Bloomberg The European Union (EU) plans to revamp its steel-import restrictions to guard against major market distortions as the bloc’s economy recovers from the effects of the pandemic. The proposed changes apply to EU import curbs introduced two years ago to prevent a controversial 25% US levy on foreign steel from diverting global shipments to the European market and flooding it. ...

Bloomberg Twitter Inc. would be welcome to move to France should the social-media platform face an adverse operating environment in the US, French Junior Digital-Affairs Minister Cedric O said in an interview with Radio J on Sunday. “If Twitter would consider at some point that the US circumstances would no longer allow the company to develop according to its values, ...

Bloomberg Covid-19 has derailed the Canadian government’s plan to increase international migration levels this year. In the first release of data that covers the pandemic’s spread into Canada, the number of permanent residents who came to the country in March dropped by 29% from the same period last year, falling to 19,115 during the month. Temporary foreign workers were down ...

Bloomberg Zoom Video Communications Inc. plans to strengthen encryption for paying clients and institutions, but not for users with free accounts, Reuters reported, citing the company’s security consultant Alex Stamos. The company’s plans are subject to change and it is unclear which nonprofit organisations would qualify for such heightened security for video conferences, the report added. The company is trying ...

Bloomberg The Covid-19 pandemic hit right as Ralph McLaughlin, chief economist for Haus Inc., was moving from Washington, DC, to San Francisco. When his company gave employees the option to work anywhere, McLaughlin didn’t hesitate. He chose to work mostly from a mountain home 145 miles from San Francisco and visit his city office “when I need to feed off ...

Bloomberg How willing will the Federal Reserve be just to switch off all the stimulus it rolled out to safeguard markets from the coronavirus? The most plausible answer is “not very,” logic that forms the most aggressive bull case on equities. As anyone who has watched the rocky path to reopening cities and states, it’s hard to know when to ...

Bloomberg Middle Eastern equity markets mostly rose on Sunday as economies continued to open up from coronavirus lockdowns, with Saudi Arabia leading gains. The Tadawul All Shares Index climbed as much as 4.1%, before trimming gains to 1.7%. Gauges in Abu Dhabi, Egypt and Oman rose. Saudi Arabia began the second phase of easing its shutdown on Sunday by resuming ...