OPEN ALL HOURS? SHOPS FINALLY RE-OPEN

For the first time in almost three months, non-essential shops in England were allowed to reopen on Monday (15 Jun), which saw lengthy shopping queues appear outside the likes of Primark. The discount fashion retailer, which is owned by Associated British Foods,...

OECD: WORST RECESSION FOR A CENTURY

The global economy is likely to shrink 6% in 2020 as a result of the coronavirus pandemic, the largest recession outside of wartime in 100 years, but the hit could be even higher if the coronavirus does not remain under control, warns the Organisation for Economic...

ZOOM SEES 169% INCREASE IN SALES

Video conferencing business Zoom saw its sales revenue jump 169% year-on-year to $328.2m for the three months to 30 April, driven by a rapid increase in demand as the coronavirus pandemic has resulted in more remote working. It attributed the growth to a 71% increase...

TRAVEL STOCKS SOAR ON LOCKDOWN ON EASING HOPES

Share prices of European travel and leisure stocks rose sharply on Tuesday (26 May) on renewed hopes that lockdown restrictions across the region would be shortly eased. Reports surfaced early in the week that Germany was planning to end travel warnings for tourist...