Connect with us

Business

‘Shop as normal’: Panic-buying resumes as UK braces for new lockdown measures – The Independent

‘We urge consumers to be considerate of others,’ retail body says

Published

on

Shoppers have been urged to remain calm in the nations supermarkets amid fears of a return to the panic-buying seen in the days approaching the UKs March lockdown.
Some supermarkets across the UK have been left with empty shelves in certain aisles – with toilet roll depleted –  in scenes reminiscent of the run on shops that occurred in ahead of the first introduction of coronavirus restrictions.
A spree of panic-buying in the early stages of the nations outbreak saw some forced to turn to food…

Click here to view the original article.

Business

Covid-hit UK hotels unlikely to recover for four years, says PwC – The Guardian

Even with effective vaccine, hospitality sector will struggle to return to 2019 levels

Published

on

The UK hotel industry could take four years to return to 2019 levels of business, even if an effective vaccine helps the sector to recover from the deep financial hit caused by Covid 19.
The daily revenue per hotel room a key indicator for the sector is not expected to revive to 2019 levels until 2024 in London, and 2023 across the rest of the UK, according to forecasts published on Tuesday by the accounting firm PricewaterhouseCoopers (PwC).
Renewed lockdowns, the decline in foreign tourist numbers…

Click here to view the original article.

Continue Reading

Business

Hospitalisation of Covid patients surges across US – Financial Times

Rural areas at greatest risk as intensive care beds fill up just days before election

Published

on

post featured image

Hospitalisations of Covid-19 patients are surging across the US, leading to a shortage of medical staff and threatening to force state governors to make difficult decisions about rationing access to intensive care.
New field hospitals were being opened from the Wisconsin state fair grounds to the El Paso Convention Center in Texas, as US Covid-19 cases surged to an all-time high a week before the presidential election. 
About 41,776 Covid-19 patients were in hospital, according to the Covid Tracking…

Click here to view the original article.

Continue Reading

Business

AIG to separate its life insurance arm – Financial Times

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Published

on

Keep abreast of significant corporate, financial and political developments around the world.
Stay informed and spot emerging risks and opportunities with independent global reporting, expert
commentary and analysis you can trust.

Click here to view the original article.

Continue Reading

Trending