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Author: KMFSLLP

26 Mar UPDATE 2-Fitch cuts UK’s rating on coronavirus debt surge

Posted at 22:30h in News by KMFSLLP 0 Comments

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* Fitch leaves negative outlook on UK rating (Adds details, background)

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26 Mar UPDATE 2-Microsoft to divest AnyVision stake, end face recognition investing

Posted at 22:29h in News by KMFSLLP 0 Comments

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Microsoft Corp on Friday said it would sell its stake in AnyVision, an Israeli facial recognition startup, and said it no longer would make minority investments in companies that sell the controversial technology.

26 Mar South Africa’s Treasury says Moody’s downgrade to add to market stress

Posted at 22:11h in News by KMFSLLP 0 Comments

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South Africa's National Treasury said on Friday that Moody's sovereign downgrade to "junk" status would add to prevailing financial market stress but that it was difficult to say with certainty what the extent of the impact would be.

26 Mar Self-employed forced on to breadline with no government help

Posted at 22:00h in News by KMFSLLP 0 Comments

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Surge in applications for universal credit as workers feel brunt of lockdown

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26 Mar Every day is like Sunday in a deserted City of London

Posted at 22:00h in News by KMFSLLP 0 Comments

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Empty streets give Europe’s normally bustling financial centre a spooky feel

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26 Mar UPDATE 1-European airlines resist mounting coronavirus refund claims

Posted at 21:59h in News by KMFSLLP 0 Comments

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* Consumer groups say many flouting rules (Adds details on easyJet, BA refund changes, comments)

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26 Mar Airbnb to halt all marketing, most hiring as losses mount – The Information

Posted at 21:49h in News by KMFSLLP 0 Comments

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Airbnb plans to halt all of its marketing, pause most hiring, and likely withhold employee bonuses as it tries to conserve cash amid a slide in bookings, CEO Brian Chesky told employees in a video conference call, The Information reported on Friday.

26 Mar UPDATE 1-Canada delays capital changes for smaller banks, eases liquidity rules

Posted at 21:44h in News by KMFSLLP 0 Comments

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Canada's banking regulator is postponing the implementation of changes to capital requirements for smaller banks as part of a slew of measures undertaken by authorities to limit the economic fallout from the coronavirus pandemic, it said on Friday.

26 Mar Moody’s downgrades South Africa sovereign rating to “junk”

Posted at 21:44h in News by KMFSLLP 0 Comments

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Ratings agency Moody's downgraded South Africa's sovereign credit rating to "junk" status on Friday, moving the rating down to 'Ba1' from 'Baa3' and maintaining a negative outlook.

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26 Mar KPMG chairman Bill Michael contracts coronavirus – FT

Posted at 21:28h in News by KMFSLLP 0 Comments

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British accounting firm KPMG chairman Bill Michael has tested positive for coronavirus and has been hospitalised, the Financial Times reported https://on.ft.com/2QOyvdS on Friday.

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Author: KMFSLLP

26 Mar UPDATE 2-Fitch cuts UK’s rating on coronavirus debt surge

26 Mar UPDATE 2-Microsoft to divest AnyVision stake, end face recognition investing

26 Mar South Africa’s Treasury says Moody’s downgrade to add to market stress

26 Mar Self-employed forced on to breadline with no government help

26 Mar Every day is like Sunday in a deserted City of London

26 Mar UPDATE 1-European airlines resist mounting coronavirus refund claims

26 Mar Airbnb to halt all marketing, most hiring as losses mount – The Information

26 Mar UPDATE 1-Canada delays capital changes for smaller banks, eases liquidity rules

26 Mar Moody’s downgrades South Africa sovereign rating to “junk”

26 Mar KPMG chairman Bill Michael contracts coronavirus – FT

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