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Evening Star News

Revisit bygone Suffolk for free with BFI’s cinematic time machine (1 hour 13 minutes old)

Being trapped inside four walls for weeks on end can drive you a little stir crazy. If you can’t escape outside, perhaps you can escape into another age. The BFI’s free Britain on Film collection can allow you to experience the world inhabited by our parents and grandparents

What council decisions can take place via remote video meetings? (1 hour 55 minutes old)

Councils across Suffolk are preparing to hold virtual committee meetings to ensure key business can continue during the coronavirus pandemic.

Ipswich mum who helped start ‘rainbow trail’ expresses pride as Queen praises movement (2 hours old)

An Ipswich mum who helped bring the rainbow trail movement to the UK said it was “unbelievable” to have the Queen recognise her work in Sunday night’s message to the nation.

Deaths of coronavirus patients in UK pass 5,000 (2 hours old)

More than 5,000 people have died after becoming infected with coronavirus in the UK, as latest figures show 51,608 people have tested positive for COVID-19.

Tougher parking enforcement begins across Suffolk as powers transfer from police to councils (3 hours old)

Powers to enforce car parking across Suffolk have officially transferred from police to councils – with inconsiderate motorists warned to expect tougher administration.

Ipswich Buses and First Eastern Counties get boost from government (3 hours old)

The two largest bus companies in Suffolk have welcomed the news that the government is to support the industry after the number of passengers dropped like a stone during the coronavirus crisis.

Plea for increased police patrols after golf club used for picnics and sunbathing (3 hours old)

The chairman of a popular golf club is imploring the public to follow self-isolation guidelines after people were seen picnicking and sunbathing on a course in Ipswich over the weekend.

Debenhams on the brink as all stores remain closed over coronavirus (3 hours old)

Debenhams is facing administration for the second time in a year.

Ambulance service makes urgent call for 1,000 temporary workers and volunteers (4 hours old)

The East of England Ambulance Service has made an urgent call for 1,000 temporary workers and volunteers - to help cope with “unprecedented demand” during the coronavirus outbreak.

Easter bin collections – all the changes you need to know (4 hours old)

Councils across Suffolk have released details on Easter bin collections, with some changes set for the bank holiday weekend.

UK homepage

London hospitals face pump and dialysis machine shortages, memo warns (4 hours old)

Letter from senior consultant lays bare reality of NHS under pressure from coronavirus

Boris Johnson to remain in hospital for coronavirus tests (5 hours old)

UK prime minister still has high temperature and a cough, Downing Street says

UK government admits Covid-19 antibody tests don’t work (5 hours old)

Ministers had hoped tests would pave way for an easing of lockdown restrictions

Wall St extends global rally on hopes virus is slowing (2 hours old)

Equities rise sharply as coronavirus shows signs of peaking in continental Europe

UK looks to Italy and China for tips on lockdown exit strategy (1 hour 15 minutes old)

Hopes for phased lifting of restrictions in summer depend on mixture of testing and technology

Boeing suppliers Hexcel and Woodward call off $6.4bn merger (2 hours old)

Aircraft parts manufacturers pull plug in first big deal to collapse due to coronavirus pandemic

Austria set to be first European country to ease lockdown (7 hours old)

Chancellor sets out timetable that could see shops reopening from next week

JPMorgan considers historic dividend suspension (6 hours old)

Chief warns that America’s largest bank is ‘not immune’ to coronavirus crisis

From shutdowns to the reopening of economies (10 hours old)

Lockdowns are necessary measures but must be temporary

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Business | The Guardian

Debenhams prepares to bring in administrators as Covid-19 hits – as it happened (2 hours old)

Rolling coverage of business, economics and markets as stock markets gain on hopes coronavirus lockdowns are slowing disease’s spreadDebenhams files notice of intent to appoint administrators British construction activity, employment and outlook all fall steeply UK car sales slump by 44.4%; but battery sales continue surgeCoronavirus – latest updatesSee all our coronavirus coverage 5.51pm BST In other news: 5.35pm BST The S&P 500 could end up recouping about $1 trillion today. Huge gains are being logged in US stocks, with each of the Dow, S&P 500 and Nasdaq up more than 5%. Continue reading[...]

VW installed 'defeat devices' to subvert emissions tests, high court finds (8 hours old)

Judge makes major ruling in mass ‘dieselgate’ litigation against VW in England and WalesThe car manufacturer Volkswagen subverted key air pollution tests, a British court has found, by using special software to reduce emissions of nitrogen oxides under test conditions.The high court finding is a boost to attempts by campaigners to force the company to address the impact of its cars in producing lung-damaging pollutants at far higher levels than were legally permissible. Continue reading...

Coronavirus means a bad recession – at least – says JP Morgan boss (3 hours old)

Jamie Dimon singles out US structural problems, and warns inadequacy of emergency planning will be laid bareCoronavirus – latest updatesSee all our coronavirus coverageThe boss of JP Morgan, Wall Street’s biggest bank, has said the world faces a “bad recession” as he took a swipe at America’s lack of preparedness for the pandemic.In his annual address, written a month after he underwent emergency heart surgery, Jamie Dimon said that at the very least a severe downturn was on its way coupled with financial pressures reminiscent of the banking crash more than a decade ago. Continue reading...

Mirror publisher to furlough almost 1,000 employees and cut pay (3 hours old)

Reach, which also owns Daily Express and Daily Star, makes decision because of Covid-19 Coronavirus – latest updatesSee all our coronavirus coverageThe publisher of the Daily Mirror, Daily Express and Daily Star newspapers is to furlough almost 1,000 employees, and its management, including the senior editorial team, will have pay slashed by a fifth.Reach, formerly known as Trinity Mirror, also owns hundreds of regional titles including the Manchester Evening News, as well as the Scottish Daily Record and the celebrity magazine OK! Continue reading...

EasyJet secures £600m coronavirus loan from UK Treasury and Bank (3 hours old)

Airline also plans to borrow £400m from creditors to ensure liquidity during shutdownCoronavirus – latest updatesSee all our coronavirus coverageEasyJet has secured a £600m loan from the Treasury and Bank of England’s emergency coronavirus fund, as the airline’s founder and biggest shareholder, Sir Stelios Haji-Ioannou, claimed it would run out of cash by the year end regardless.The airline said it would also borrow another $500m (£407m) from commercial creditors to ensure its liquidity, with its fleet grounded for at least April and May due to the pandemic. Continue reading...

Mark Barnett, a Neil Woodford protege, sacked after 20 years (2 hours old)

Invesco Perpetual board says decision follows ‘extended period of underperformance’Mark Barnett, the protege of fallen investment star Neil Woodford, has been sacked as manager of a £400m investment trust for poor performance.Barnett has been handed six months’ notice by Invesco Perpetual Income and Growth Investment Trust after more than 20 years as its manager. Continue reading...

UK house sales will collapse in 2020 as market goes into deep freeze, says study (13 hours old)

Major analysis of coronavirus impact stresses property prices will dip only 3% and then rebound next yearCoronavirus – latest updatesSee all our coronavirus coverageHouse sales in the UK will collapse this year as the coronavirus pandemic puts the property market into deep freeze. But prices will fall by only 3% and will rebound next year, according to global consultancy Knight Frank.In the first reassessment of the property market by one of the major forecasters, Knight Frank said the number of house sales in the UK would plummet from 1,175,000 last year to just 734,000 this year. Continue re[...]

Returning Qantas crew members tested positive for coronavirus but were exempt from quarantine (9 hours old)

Passengers on repatriation flight from Chile were put into 14-day isolation in hotels but crew were officially exempt Sign up for Guardian Australia’s daily coronavirus emailDownload the free Guardian app to get the most important news notificationsFour Qantas crew members who operated a repatriation flight from Chile have tested positive for the coronavirus but unlike their passengers, who were put into isolation in city hotels, they did not go into quarantine due to a special exemption.The latest news will raise fears about the safety of operating flights with crew who are not required to lo[...]

Coronavirus is draining America's public infrastructure. A federal jobs policy would protect its workers (8 hours old)

When millions face an uncertain employment future, a federal jobs guarantee program could turn the page on a dark chapter of our nation’s historyLast week, more than six million people applied for unemployment, the largest jump in unemployment claims in our country’s history. The Federal Reserve estimates that the Covid-19 pandemic could lead to 47 million Americans losing their jobs in the weeks to come. With little hope of being re-hired, these workers will struggle to stay healthy, feed their children, and pay rent on the meager, one-time $1,200 check authorized by the most recent federal s[...]

The newspaper industry was already faltering. Will coronavirus obliterate it? (8 hours old)

“We have been able to hang on by our ink-stained fingernails,” writes Art Cullen, editor of Iowa’s Storm Lake TimesOur fearless leader/publisher Big Brother John and I were on the phone Monday holed up in our homes a block apart, each 200 yards north of the lovely lake in our town of 15,000. I stared out the window onto another dank day of Lent seemingly without an Easter. For about 15 seconds we considered shutting down the Storm Lake Times, Buena Vista County’s Hometown Newspaper. We quickly came to our senses.We are too Iowa stubborn to quit, neither of us golf or have any productive hobbie[...]

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2020

Telecoms

BT, Verizon and Virgin Media raise pay for frontline workers  (3 hours old)

Telecom groups reward rank-and-file staff supporting essential communication services 

China Mobile picks Huawei and ZTE to build its 5G network (1 day old)

State-owned company’s $5.2bn contract will cover more than 200,000 base stations

T-Mobile borrows $19bn to fund Sprint takeover (3 days old [03/04/20])

About $65bn of investor orders for deal underscore demand for investment-grade debt

Huawei’s P40 phone contains US parts despite blacklisting (6 days old [31/03/20])

FT teardown of new smartphone identified US parts makers including Qualcomm and Skyworks

Huawei: outfaced abroad, outflanked at home (6 days old [31/03/20])

Months of lockdown have taken their toll on local manufacturing and sales

Huawei spending with US companies surges despite sanctions (6 days old [31/03/20])

Chinese company spends $18.7bn with US suppliers in 2019

China and Huawei propose reinvention of the internet (9 days old [27/03/20])

New architecture would enable cutting-edge technologies but western countries fear more control for state-run internet services

Vodafone criticised over timing of UK price rise (11 days old [26/03/20])

Telecoms group follows rivals in applying increase but news comes at bad time for many customers 

Virgin Media to recruit 500 call-centre staff in UK (12 days old [25/03/20])

Coronavirus disrupts offshore operations in India and other Asian countries

Broadband users face switching barriers under UK lockdown (13 days old [24/03/20])

BT Openreach engineers to prioritise ‘essential’ work and avoid unnecessary home visits

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Technology sector

Uber starts listing other jobs for its drivers (1 hour 34 minutes old)

Ride-hailing app will list job openings at 7-Eleven, Amazon and McDonald’s 

Quibi launches $1.8bn bet on mobile video amid lockdown (4 hours old)

Potential challenger to YouTube and Netflix has backers including Alibaba and Goldman Sachs

We need some ‘creative destruction’ now (5 hours old)

Covid-19, tech revolution and the environmental threat may spark a wave of innovation

FT ranking: the Americas’ fastest-growing companies (14 hours old)

Technology bolsters US dominance of the list, but coronavirus fallout looms large

FT The Americas’ Fastest Growing Companies (14 hours old)

This inaugural ranking of the region’s businesses by revenue growth rate reveals the dominance of the US and technology — the top-ranked company this year is an augmented reality and video game developer

EU focuses antitrust probe on Facebook’s online classifieds service (15 hours old)

Rivals complain tech group uses dominant position to push Marketplace to its 2bn users

Crisis opens up the NHS for health tech entrepreneurs (16 hours old)

The pandemic has sparked a digital transformation in Britain’s health service

Ministers eye rescue package for start-up industry (16 hours old)

Treasury eyes co-investment model involving state and venture capital funds

SoftBank: inside two weeks of turmoil that squeezed Masayoshi Son  (16 hours old)

How the Japanese billionaire was forced to take drastic action to shore up confidence in his tech empire

China Mobile picks Huawei and ZTE to build its 5G network (1 day old)

State-owned company’s $5.2bn contract will cover more than 200,000 base stations

© Copyright The Financial Times Ltd 2020. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

BBC News - Business

Waitrose staff told to make up time off for virus (1 hour 34 minutes old)

The firm expects staff to recover time they take off for sick family members.

UK drivers win first round in VW 'dieselgate' case (7 hours old)

The High Court rules that the German firm installed 'defeat devices' in vehicles to cheat emissions tests.

Coronavirus: You can't just stop paying rent, tenants told (7 hours old)

Landlords say the government should make it clear that rent must be paid unless a landlord agrees to a pause.

Coronavirus: Debenhams to file for administration (8 hours old)

The department store chain, which employs 20,000 people, says the move will allow it to keep trading.

Coronavirus: Defence firm Babcock to make 10,000 ventilators (11 hours old)

The move comes as tech giant Apple says it will start making face shields for medical workers.

Top bosses agree pay cuts as thousand more staff suspended (8 hours old)

More executives agree pay cuts, as firms continue to suspend thousands of staff and slash wages.

Coronavirus: 'Under-25s and women financially worst-hit' (3 hours old)

A "concentration" of workers under 25, women and the low-paid will be hit by the virus lockdown.

Coronavirus: New UK car registrations plunge by more than 40% (9 hours old)

Motor industry records the worst March for two decades as the Covid-19 outbreak keeps buyers at home.

Oil jittery as Saudi Arabia-Russia talks delayed (12 hours old)

The two major crude producers had been scheduled to hold talks on Monday but meeting has been delayed.

Coronavirus: ExCel U-turns on charging NHS for hospital site (1 day old)

The owner of the centre will now cover costs for the NHS Nightingale Hospital.

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UK equities

Tobacco stocks should be doing better out of enforced isolation (10 days old [27/03/20])

The default product of anxious idleness has been sidelined during pandemic

Ocado’s rise faces test in food security rethink (16 days old [21/03/20])

Competitive landscape is unclear as food delivery becomes a utility

European regulators intervene in bid to stabilise markets (24 days old [13/03/20])

Spanish and Italian bans on short selling follow US Federal Reserve’s liquidity injection

Panic-buying is just as short-sighted for investors (30 days old [07/03/20])

Market is full of cautionary tales about investors betting on familiar stocks

Companies’ silence on virus is storing up problems (37 days old [29/02/20])

Listed businesses have been conspicuously slow in estimating disruption to operations

Private investors in trading surge as coronavirus sparks market correction  (38 days old [28/02/20])

As world markets take a turn for the worse, investors use ETFs as they hope to profit from any bounceback 

Yield-crazed investors should be wary of Hipgnosis (45 days old [21/02/20])

Music royalties specialist has done well in a strong market for alt investment trusts

Where the fund manager consolidation narrative goes wrong (51 days old [14/02/20])

Optimism, not pessimism, could spark future takeover offers for UK investment houses

The smart money has already been made on NMC Health (58 days old [07/02/20])

The holes in the investment case were there, but not many were looking

London market passes first post-Brexit test with £1.3bn listing (59 days old [07/02/20])

Smart meter group’s IPO boosts hopes of fundraising uptick after lacklustre 2019

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Opinion

Trump’s support rallies around his flag in the Midwest (1 hour 59 minutes old)

Republicans continue to give the US president high marks for his handling of coronavirus

Rolls-Royce shows it's the cuts that count (2 hours old)

Warren East jettisons his targets; VCs should not abandon their start-ups

UK parliament has been shamefully missing in this crisis (3 hours old)

Democratic politics functions on the premise that accountability improves outcomes

Frequent flyer: how we fell out of love with the airlines (3 hours old)

Once a source of national pride, the industry’s current crisis elicits little sympathy

Eurobonds are not the answer (3 hours old)

Why the Germans and Dutch are right to resist this way of sharing coronavirus costs

Coronavirus/diagnostics: the test of biotech (4 hours old)

Demand will outstrip supply for the foreseeable future but the urgent requirement for tests will not be sustained

We need some ‘creative destruction’ now (5 hours old)

Covid-19, tech revolution and the environmental threat may spark a wave of innovation

HKEx: rebirth of the trader (6 hours old)

HKEX has got its wish for more trading but perhaps not in the way it might have hoped

The big banks have a giant role to play in this crisis (8 hours old)

Governments are leaning on the balance sheets of banks, rather than the other way around

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Ipswich