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Archives for March 2020
Will the weather help us fight the virus?
In times like these, it’s nice to read what optimists have to say along with all the pessimism and worst case scenarios we’re also paying attention to (whether we choose to or not). Veteran Wall Street strategist Ed Yardeni has a recent note out looking at the virus from various vantage points – policy response, […]
Covid-19 black swan reminds accounting firms to consider crisis planning
“The crisis resilience of accountancy firms is being tested deeply and unforgivingly in real-time – not least with regard to issues such as tax transparency, gender equality and the future of audit,” says Peter Barrett, director and UK head of crisis and special situations at Infinite Global. “It is a stark reminder of the need […]
PIMFA to meet weekly with FCA over virus
Wealth management trade body PIMFA is to hold weekly meetings with the FCA on how the Coronavirus epidemic is affecting members. The meetings will take place virtually. The FCA has been active in keeping in touch with trade and professional bodies, including PIMFA, during the Covid-19 outbreak. The trade body has also written to the […]
Editor’s Comment: A calm voice in a storm
These are, of course, extraordinary times and people’s highest priority must be their health and the health of loved ones. Even the most ardent Financial Planner must admit that discussing drawdown options may not be too high up on clients’ to do list this week. Health-wise things will probably get worse before they get better […]
Netflix and YouTube reduce resolution as virus hits web
Netflix and YouTube will reduce the default image quality of streaming video in Europe to ease pressure on the internet, the firms said Friday, as demand soars with millions confined to their homes over coronavirus fears. EU commissioner for the digital economy Thierry Breton urged internet giants to switch from high definition to the former […]
Disney+ India rollout delayed amid Coronavirus scare
Disney’s streaming platform Disney Plus has delayed its India launch via Hotstar owing to the postponement of the Indian Premier League (IPL) cricket season amid the spread of Coronavirus. Earlier this month, Hotstar had rolled out an update, which not only changed the app’s name to Disney+ Hotstar, but also added Disney+ shows to the […]
Old Lady aiming to dampen concern over gilds, tightening conditions
“The fact that the Bank of England felt compelled to announce additional stimulative measures today – despite its regular March MPC meeting due to take place next Wednesday – highlights its concern over UK economic situation and outlook,” says Howard Archer, chief economic advisor to the EY ITEM Club. “It is also concerned over the […]
Coronavirus-linked fraud up 400% in March
Crooks and scammers have been taking advantage of the Coronavirus epidemic to ramp up their fraud operations with a 400% increase in virus-related fraud in March. Victims have lost nearly £1m in Coronavirus-related fraud since 1 February and cases in March were up four-fold. Some fraudsters have been sending bogus investment scheme and trading advice […]
Senate GOP coronavirus bailout bill caps executive pay
US Senate Majority Leader Mitch McConnell, Republican of Kentucky, holds a press briefing about legislation in response to the novel coronavirus, COVID-19, at the US Capitol in Washington, DC, March 17, 2020. Saul Loeb | AFP | Getty Images Executives at companies that would receive bailout cash from the coronavirus-relief bill unveiled by Senate Republicans […]