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20 Apr Ireland sees GDP shrinking 10.5% in 2020; deficit of 7.4% of GDP

Posted at 14:22h in News by KMFSLLP 0 Comments

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Ireland expects gross domestic product to fall by 10.5% in 2020 but recovery swiftly to grow 6% the following year, the finance ministry said on Tuesday.

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20 Apr India eases fundraising rules for companies as coronavirus hurts deals

Posted at 14:16h in News by KMFSLLP 0 Comments

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India's market regulator on Tuesday temporarily eased some fund-raising regulations for listed entities to give them easier and faster access to capital markets amid the ongoing coronavirus pandemic which has greatly reduced deal activity.

20 Apr UPDATE 1-Travelers sees rising claims as coronavirus crisis spreads

Posted at 14:07h in News by KMFSLLP 0 Comments

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Property and casualty insurer Travelers Cos Inc reported a 25% drop in quarterly profit on Tuesday and warned that potential claims tied to compensation coverage for furloughed and laid-off employees would hit results for the year.

20 Apr KPMG UK chairman warns of coronavirus ‘economic disaster’

Posted at 14:03h in News by KMFSLLP 0 Comments

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Bill Michael recently returned to work after having been hospitalised with Covid-19

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20 Apr U.S. existing home sales tumble in March

Posted at 14:00h in News by KMFSLLP 0 Comments

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U.S. home sales dropped by the most in nearly 4-1/2 years in March as extraordinary measures to control the spread of the novel coronavirus brought buyer traffic to a virtual standstill, supporting analysts' views that the economy contracted sharply in the first quarter.

20 Apr Headteachers urge government to fix UK free school meals website

Posted at 13:56h in News by KMFSLLP 0 Comments

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IT glitches hit service that provides supermarket vouchers to low-income families during lockdown

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20 Apr Pandemic puts UK immigration policy under pressure

Posted at 13:49h in News by KMFSLLP 0 Comments

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Emergency exposes how economy and public services depend on low-paid foreign workers

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20 Apr SoftBank shares attractive near-term as buyback eyed – UK’s AVI

Posted at 13:49h in News by KMFSLLP 0 Comments

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SoftBank Group's planned $22.5 billion share buyback presents an attractive buying opportunity but it is not a clear longterm investment, said a London-based investor that has built up a small stake.

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20 Apr UPDATE 1-Schumer predicts passage of U.S. coronavirus funding bill

Posted at 13:41h in News by KMFSLLP 0 Comments

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The U.S. Congress moved toward a fourth coronavirus relief bill expected to top $450 billion, as Senate Democratic Leader Chuck Schumer said all major provisions were agreed, and that the Trump administration has signed off on a national testing strategy.

20 Apr UPDATE 1-BoE’s Haldane voices doubt over rapid UK coronavirus recovery

Posted at 13:35h in News by KMFSLLP 0 Comments

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Britain's economy is not certain to recover rapidly once coronavirus restrictions are lifted as people may be reluctant to spend or socialise as they did before, Bank of England chief economist Andy Haldane warned on Tuesday.

News

20 Apr Ireland sees GDP shrinking 10.5% in 2020; deficit of 7.4% of GDP

20 Apr India eases fundraising rules for companies as coronavirus hurts deals

20 Apr UPDATE 1-Travelers sees rising claims as coronavirus crisis spreads

20 Apr KPMG UK chairman warns of coronavirus ‘economic disaster’

20 Apr U.S. existing home sales tumble in March

20 Apr Headteachers urge government to fix UK free school meals website

20 Apr Pandemic puts UK immigration policy under pressure

20 Apr SoftBank shares attractive near-term as buyback eyed – UK’s AVI

20 Apr UPDATE 1-Schumer predicts passage of U.S. coronavirus funding bill

20 Apr UPDATE 1-BoE’s Haldane voices doubt over rapid UK coronavirus recovery

KM Financial Solutions LLP

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