(adds spending details) By William James LONDON, March 11 (Reuters) – British finance minister Rishi Sunak announced a spending splurge to ward off the economic effects of coronavirus in his maiden budget on Wednesday, ditching the taunting preferred by his predecessors in favour of an earnest tone more in tune with worrying times. Sunak, a 39-year old former Goldman Sachs […]
Read moreGENEVA (BLOOMBERG) – Health authorities recommend keeping a distance of one metre from fellow human beings to lower your chances of catching the new coronavirus. For people like Scout Robi in Sydney, that means no more trips to the hairdresser. “It’s an environment with lots of close contact with others,” the 31-year-old art therapy student said. “Because I have a […]
Read moreLONDON, March 10 (Reuters) – British finance minister Rishi Sunak said he would consider changing the fiscal framework used by the government, speaking in his first annual budget on Wednesday as he ramped up spending. “It is important that we update our fiscal framework to remain at the leading edge of international best practice,” Sunak said. “I will review the […]
Read moreLOS ANGELES (REUTERS) – Air freight rates are skyrocketing after the grounding of many passenger flights in Asia has left shippers scrambling to book limited spots on cargo planes as Chinese industrial production restarts, according to industry insiders. About half of the air cargo carried worldwide normally flies in the belly of passenger jets rather than in dedicated freighters. But […]
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