Taxpayers face losses of as much as £26bn on coronavirus “bounce back” loans that cannot be repaid or are the subject of fraud, the spending watchdog has found. The scheme provides rapid access to 100% government-backed finance worth up to £50,000 to struggling small firms, with fewer checks than other COVID-19 business loan initiatives. It
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Energy stocks are showing rare strength this week as oil rallies. The XLE energy ETF is up 4% over the past two days, though remains down nearly 50% this year. The sector is easily the worst performer in 2020. Todd Gordon, founder of TradingAnalysis.com, said the group could slowly be turning a corner as the
October 6th, 2020 by Remeredzai Joseph Kuhudzai The majority of vehicles (ICE or EV) that are imported into most of sub-Saharan Africa are used vehicles from Europe, Asia, and America. Record EV sales are being registered across several key source markets such as Germany for left-hand drive vehicles and the United Kingdom for right-hand drive
After a 16-month investigation into competitive practices at Apple, Amazon, Facebook and Google, the House Judiciary subcommittee on antitrust has released Tuesday its findings and recommendations on how to reform laws to fit the digital age, including breaking up the companies or imposing business structures that force different business units to function independently. In a
Rock star and guitar great Eddie Van Halen has died aged 65 after a “long and arduous battle” with throat cancer, his son has said. In a statement, his son Wolf said: “I can’t believe I’m having to write this, but my father, Edward Lodewijk Van Halen, has lost his long and arduous battle with
The global economy is in “less dire” shape than it was earlier this year but now faces a “long, uneven and uncertain” road to recovery, the head of the International Monetary Fund has said. Kristalina Georgieva told an online event at the London School of Economics that the IMF would make a small upward revision
It was a speech without the audience he had hoped for, in a year no one had anticipated. What should have been a Conservative Party victory rally for Boris Johnson on Tuesday turned instead into an attempt to steady the ship after some very rocky weeks. The prime minister used his annual conference speech to
More than a dozen Tory rebels flexed their muscles on new coronavirus rules, but failed to defeat the government over its “rule of six”. Fourteen Conservative backbenchers were joined by five DUP MPs in trying to curb the restrictions on social gatherings. They were easily outnumbered, but Labour and 62 Conservatives abstained, meaning the total
Armenia’s Prime Minister Nikol Pashinyan has said the situation is becoming a “struggle against international terrorism” for Nagorno-Karabakh and Armenia. Faced with an intractable problem which long predates his time in office, and with rumours of Syrian mercenaries come to join the fighting, Mr Pashinyan is calling the latest explosion of hostilities between Armenia and
October 6th, 2020 by Press Release News release from Vestas Wind Systems A/SAarhus, 6 October 2020 The global demand for sustainable energy solutions in low and ultra-low wind areas continues to grow as renewable technology improves in efficiency and cost. This trend is especially prominent in India, the world’s fourth largest wind energy market, where the
Donald Trump has “had a restful first night at home” and has reported no symptoms of COVID-19 today, his White House doctor has said. Dr Sean Conley said in a statement the president’s “vital signs and physical exam remain stable. “Overall he continues to do extremely well,” Dr Conley said, adding that his oxygen saturation
Kevin Bacon’s interconnectedness is a thing of urban myth, but contrarily he chose his latest movie based on its isolation and intense focus on just a few characters. The 62-year-old actor both stars in and executive produces You Should Have Left, but the inspiration for the film actually came from his wife, actress Kyra Sedgwick,
“It’s been a long old journey and it’s an interesting one because throughout all of my experience, I’ve been trying to search for something which was always there.” With her eighth solo album just released, Melanie C, the woman who will always be known as Sporty Spice, is reflecting on overcoming the struggles she has
6:45 AM ET NFL NationESPN While the NFL Power Rankings are a weekly thing, it’s never too early to jump ahead and look toward the playoffs. With roughly a quarter of the season in the books, that’s what we’re doing. This week, we determined each team’s postseason chances, according to the ESPN Football Power Index
The UK reported 14,542 new coronavirus cases on Tuesday – an increase of almost 2,000 compared with yesterday. It comes after several days of confusion as 16,000 cases in England were missed by the NHS Test and Trace scheme. Downing Street said that as of 9.30am this morning, 63% of the positive cases had been