Current Affairs – 10 March 2020

2020-03-10

UK: Headlines

Prince Harry and Meghan Markle bow out at their final working engagement

The Duke and Duchess of Sussex have made their last public appearance as working members the Royal Family at the Commonwealth Day service at Westminster Abbey on Monday afternoon.

The duke and duchess joined the Queen – who is head of the Commonwealth, the Prince of Wales, the Duchess of Cornwall and the Duke and Duchess of Cambridge in the central London church.

From 31 March, they will stop using their HRH titles and receiving public money.

Virgin Atlantic admits flying near-empty planes

Virgin Atlantic, a British airline has confirmed it has been forced to operate some near-empty flights after bookings were dented by the coronavirus outbreak.

Such occurrence is due to the effort of retaining take-off and landing slots at major airports such as Heathrow.

Under European law, if flights are not operated, slots have to be forfeited.

UK Trasport Secretary Grant Shapps has written to European Commission, asking for rules on slot allocation to be relaxed during the outbreak as it seems to be a waste of money and fuel and creating carbon emissions.

UK: Business News

British Steel: Takeover by Chinese firm completed

Jingye Group, a Chinese firm completed its takeover of British Steel on Monday.

As mentioned by the Chinese firm, the move would save more than 3,000 jobs in Scunthorpe and Teesside and it would modernise the towns’ steelworks.

The firm reportedly offered £50m to buy the company after it collapsed and was placed under the control of the UK Insolvency Service last year.

Unions have said that although the deal “must be celebrated”, about 450 workers still face losing their jobs.

UK: Politics

Ban on late-night lorry deliveries could be lifted to prevent supermarket shortages

Curfew rules on banning lorries from delivering supplies to supermarkets late at night might be relaxed during the outbreak to prevent shortages.

Ministers are also considering a controversial proposal to waive restrictions on the maximum number of hours drivers are allowed at the wheel. The limits are currently imposed on safety grounds.

The move was prompted after panic-buying emptied supermarket shelves of essentials such as food, toilet roll and medicines in some areas during the weekend.

Former Scottish first minister Alex Salmond undergoes trial

A formal Scottish government official has accused Alex Salmond of “pouncing” on her and taking her clothes off in his official residence while he was the country’s first minister.

Mr Salmond denies carrying out a total of 14 sexual assaults on 10 women alongside lodged special defences of consent to four of the allegations and special defence of alibi to a fifth charge.

Mr Salmond has pled not guilty to all of the charges and has vowed to defend himself vigorously during the trial, which is expected to last about four weeks.

Important NoticeIconBrandElement

article-thumbnail

2024-08-16 | Important Notice

Securities And Spot Index CFDs Dividend Distribution Notice​

We would like to remind you that the following listed companies will distribute their dividends from 19/08/2024 – 24/08/2024. Details of the distributions are as such: Spot Index CFDs Index Spot CFD Long Position Short Position Currency EX – Dividend Date US30 8.1384 -13.4916 USD 2024/08/19 SP500 0.4592 -0.7608 USD 2024/08/19 AUS200 0.1456 -0.2424 AUD 2024/08/19 […]

article-thumbnail

2024-07-25 | Important Notice

US Stocks Plummet, Tesla Drops Over 12%

US stocks closed sharply lower on Wednesday, led by declines in tech stocks. The Dow Jones fell over 500 points, and the Nasdaq plunged 650 points, dropping more than 3.6%. Tesla tumbled 12%. Disappointing earnings reports from major tech companies like Alphabet and Tesla sparked concerns about the health of global businesses. The outlook for […]

article-thumbnail

2024-07-16 | Important Notice

US Stocks End Mixed with Dow at New Record High

US stock markets closed mixed, with the Dow reaching a record high. Investors are focused on upcoming corporate earnings and recent comments from Fed Powell

Important NoticeIconBrandElement

US Stocks Plummet, Tesla Drops Over 12%

2024-07-25 | Important Notice