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LONDON (Reuters) - British food banks are seeing more families needing their support as the impact of the COVID-19 pandemic forces struggling people to seek help, charities and volunteers say. The rise in those out of work has resulted in more people turning to food banks, which provide emergency food supplies to families in need. The Trussell Trust, which runs more than 1,300 food bank centres across Britain, says it provided 1.2 million food parcels between April and September, with a huge rise in people needing its support for the first time. It forecasts there will be a 61% increase in food parcels required across its network from October to December, the equivalent of six parcels given out every minute. “The ideal would be for the government obviously to up everybody’s payment that they get every week to a reasonable amount where they don’t have to then seek help from food banks,” said Sahar Beg, chief executive of the Tooting Community Kitchen.
Persons: COVID, they’re, , Vilma Tunylaite, it’s, Alexander Shahid Khan, Sahar Beg Organizations: Bank of England Locations: London, Britain, Tooting
FILE PHOTO: Ineos Team UK's new America's Cup AC75 yacht is seen outside the British team's base in Portsmouth, Britain, October 4, 2019. “We’re testing all the data and software from next week,” Animation Research’s Taylor told Reuters by telephone from Dunedin. “Nobody has seen the boats (in race action) and we haven’t had any data from them in a proper environment. Animation Research’s graphics have been credited by sailing commentators with helping the casual fan follow the event, with the package showing real-time animations of racing. “The thing that will be different in this America’s Cup will be the boat.
Persons: Ian Taylor, Alexander Smith, Taylor, Research’s Taylor, haven’t, ” Taylor, , Riedel, Organizations: WELLINGTON, Reuters, British, REUTERS, Team New Zealand, Riedel Communications Locations: Portsmouth, Britain, Dunedin
Asia stocks set for small gains as U.S. advances fiscal stimulus
  + stars: | 2020-12-03 | by ( Jessica Dinapoli | ) sentiment -0.97   time to read: +1 min
NEW YORK (Reuters) - Investors in Asia geared up for modest stock gains on Friday as U.S. legislators wrangled over a fiscal stimulus and negotiations over a Brexit trade deal continued. FILE PHOTO: A woman looks at a screen showing Nikkei index outside a brokerage in Tokyo, Japan October 2, 2020. REUTERS/Kim Kyung-HoonA $908 billion U.S. coronavirus aid plan gained momentum in U.S. Congress on Thursday, buoying U.S. markets. Japan’s Nikkei 225 futures added 0.13% and Hong Kong’s Hang Seng index futures were flat. The dollar cratered on Thursday to its weakest level in more than 2-1/2 years as signs of progress toward U.S. fiscal stimulus and optimism about COVID-19 vaccines kept investors hopeful.
Persons: wrangled, Kim Kyung, , Ray Attrill, Australia’s Organizations: YORK, REUTERS, Congress, buoying, National Australia Bank, European Union, Nikkei, Nasdaq, Tesla Inc, Pfizer Inc, Dow Jones, U.S, Treasury, Brent Locations: Asia, Tokyo, Japan, buoying U.S, Sydney, Britain
Asian shares hit record high as U.S. stimulus seen within reach
  + stars: | 2020-12-03 | by ( Hideyuki Sano | ) + 0.00   time to read: +4 min
TOKYO (Reuters) - Asian shares scaled a record high on Friday on the growing prospect of a large U.S. economic package, while hopes that vaccine rollouts will boost the global economy underpinned investor sentiment. REUTERS/Kim Kyung-HoonMSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.6%, surpassing its Nov. 25 peak, while Japan’s Nikkei dipped 0.4% on profit-taking. Progress in developing COVID-19 vaccines also led investors to bet a recovery in corporate earnings will accelerate next year, overriding any concerns about the current dire conditions of the pandemic. The MSCI’s emerging market currency index stood at 2 1/2-year high, having gained more than 10% from its March trough. Brent crude rose to as high as $49.92 per barrel, its highest price since early March and last stood at $49.59.
Persons: Kim Kyung, , Norihiro Fujito, Mitsubishi UFJ, Mitsubishi UFJ Morgan Stanley, , Brent Organizations: REUTERS, Nikkei, Wall Street Journal, Pfizer, U.S, Congress, Mitsubishi, Mitsubishi UFJ Morgan, Mitsubishi UFJ Morgan Stanley Securities, U.S . Federal Reserve, European Central Bank, “ Stock, European Union, Britain, of, Petroleum Locations: TOKYO, U.S, Tokyo, Japan, Asia, Pacific, New York, COVID, United States, California, Russia, OPEC
Donna Plummer, a coronavirus disease (COVID-19) positive patient, looks on as Patient Care Technician Fanta Keita comforts her laying on an emergency room bed at Roseland Community Hospital on the South Side of Chicago, Illinois, U.S., December 2, 2020. REUTERS/Shannon StapletonHalf a million deaths occurred in just the last two months, indicating that the severity of the pandemic is far from over. Nearly 65 million people globally have been infected by the disease and the worst affected country, United States, is currently battling a third wave of coronavirus infections. North America and Latin American regions combined have more than 50% of all coronavirus deaths that have been reported. The continent of 1.3 billion people has recorded more than 2.2 million confirmed coronavirus infections, according to a Reuters tally.
Persons: Donna Plummer, Keita, Shannon Stapleton, Robert Redfield, ” Redfield, Germany’s BioNTech Organizations: Reuters, Roseland Community Hospital, REUTERS, World Health, U.S . Centers for Disease Control, U.S . Chamber of Commerce Foundation, The, Pfizer Inc, COVID Locations: Roseland, Chicago , Illinois, U.S, United States, The United States, America, Britain, Africa
Brexit trade talks going backwards: Sky News
  + stars: | 2020-12-03 | by ( Reuters Staff | ) sentiment -1.00   time to read: 1 min
FILE PHOTO: EU chief negotiator Michel Barnier wearing a face mask arrives for Brexit talks in London, Britain, November 29, 2020. REUTERS/Toby MelvilleLONDON (Reuters) - The trade talks between Britain and the European Union have gone backwards and the expectation that the bloc’s Brexit negotiator Michel Barnier would return to London over the weekend to seal a deal may not be fulfilled, Sky News said on Thursday. “Despite intense negotiations over past 24 hours (fuelled by pizza and sandwiches) told by UK source that ‘talks have gone backwards a bit today’,” Sky’s political editor Beth Rigby said on Twitter. Rigby said an EU source said the expectation was Barnier would return to Brussels and then come back to UK over the weekend to close a deal, but the disagreements mean this may no longer happen.
Persons: Michel Barnier, Brexit, Toby Melville LONDON, , Beth Rigby, Rigby Organizations: REUTERS, European Union, Sky News, Twitter Locations: London, Britain, EU, Brussels
UK-EU Brexit talks are continuing: UK government source
  + stars: | 2020-12-03 | by ( Reuters Staff | ) sentiment -1.00   time to read: 1 min
FILE PHOTO: Puzzle with printed EU and UK flags is seen in this illustration taken November 13, 2019. REUTERS/Dado Ruvic/IllustrationLONDON (Reuters) - Talks between Britain and the European Union over a trade deal are continuing, a British government source said, after reports they suffered fresh problems on Thursday afternoon because of disagreements about guarantees of a level-playing field.
Persons: Dado Ruvic Organizations: REUTERS, European Union Locations: Britain
LONDON (Reuters) - Top U.S. infectious diseases expert Anthony Fauci apologized on Thursday for casting doubt on the rigor of the British regulators who approved the Pfizer Inc vaccine against COVID-19, saying he had faith in the quality of their work. Kevin Dietsch/Pool via REUTERS/File PhotoBritain announced the approval of the vaccine on Wednesday, with the Medicines and Healthcare products Regulatory Agency (MHRA) saying it had rigorously assessed the vaccine data and had cut no corners. U.S. and European Union regulators are sifting through the same Pfizer vaccine trial data, but have yet to give their approval. “I do have great faith in both the scientific community and the regulatory community in the UK,” Fauci said. “I did not mean to apply any sloppiness (to the UK regulatory process), even though it came out that way,” he added.
Persons: Anthony Fauci, Kevin Dietsch, Fauci, , , ” Fauci, Donald Trump, Joe Biden Organizations: Pfizer Inc, COVID, National Institute for Allergy, Washington , D.C, Britain, Medicines, Healthcare, Agency, Union, Pfizer, CBS, White Locations: Washington ,, British, U.S, Britain, United States
FILE PHOTO: European Union chief Brexit negotiator Michel Barnier and British Prime Minister's Europe adviser David Frost are seen at the start of post-Brexit trade deal talks between the EU and the United Kingdom, in Brussels, Belgium March 2, 2020. Oliver Hoslet/Pool via REUTERSLONDON (Reuters) - The trade talks between Britain and the European Union suffered fresh problems on Thursday afternoon with the European bloc introducing new elements to the talks, the BBC’s political editor Laura Kuenssberg said. “Sounds like Brexit talks have gone worse this afternoon,” she said on Twitter. “A senior govt source says ‘at the eleventh hour, the EU is bringing new elements into the negotiation. A breakthrough is still possible in the next few days but that prospect is receding’,” she said.
Persons: Michel Barnier, David Frost, Oliver Hoslet, Laura Kuenssberg, , Organizations: Union, EU, REUTERS LONDON, European Union, Twitter Locations: Europe, United Kingdom, Brussels, Belgium, Britain
Barnier due to update EU envoys on Brexit on Friday: sources
  + stars: | 2020-12-03 | by ( Reuters Staff | ) sentiment -1.00   time to read: 1 min
FILE PHOTO: EU chief negotiator Michel Barnier, wearing a protective mask, arrives for Brexit talks in London, Britain December 3, 2020. REUTERS/Henry NichollsBRUSSELS (Reuters) - The European Union’s Brexit negotiator Michel Barnier is due to update 27 national envoys to the bloc’s hub Brussels on the latest in talks with the UK on Friday afternoon, three diplomatic sources said. The briefing was tentatively scheduled for 1500 or 1600 GMT, the sources said, though they did not know if that would be to announce a deal with the UK or conclude that gaps were still there and negotiations would need to go on.
Persons: Michel Barnier, Brexit, Henry Nicholls BRUSSELS Organizations: REUTERS Locations: London, Britain, Brussels
FILE PHOTO: A man looks at his iPhone in Rome September 11, 2012. REUTERS/Max RossiMILAN (Reuters) - The number of high speed fibre optic broadband lines in Europe is expected to more than double over the next six years from last year’s levels as the COVID-19 pandemic accelerates demand for faster internet services, a study showed on Thursday. Houses passed is an industry term meaning the potential number of premises a service provider could connect to high-speed fibre optic broadband. According to the forecasts, the number of subscribers in the EU and Britain will increase to around 148 million in 2026 from 70.4 million in 2019. Among factors boosting fibre-to-the-home adoption across Europe, the report cites switch off plans for old-copper networks and a strong commitment by governments to fibre optic rollout plans.
Persons: Max Rossi MILAN, Organizations: REUTERS, European Union, Britain, FTTH, EU Locations: Rome, Europe, Germany, Britain, Italy
(Reuters) - Britain will pay individuals who suffer any severe side-effects from COVID-19 vaccines under an existing programme, the government said on Thursday, ahead of a rollout of Pfizer and BioNTech’s vaccine in the country following emergency approval. A man wearing a protective mask uses a phone at a bus stop, amidst the spread of the coronavirus disease (COVID-19), in London, Britain December 3, 2020. REUTERS/Henry NichollsCOVID-19 will be added as a "precautionary step" to the list of diseases covered for potential liabilities under the Vaccine Damage Payments Scheme (VDPS), the Department of Health and Social Care said. It would be much better if the government set up a bespoke scheme for COVID-19,” said Duncan Fairgrieve, of the British Institute of International and Comparative Law. Britain said it would continue to monitor the safety of Pfizer and BioNTech’s vaccine after the country on Wednesday became the first in the Western world to approve a COVID-19 vaccine.
Persons: Henry Nicholls COVID, Britain's VDPS, , Duncan Fairgrieve Organizations: Reuters, Pfizer, REUTERS, Department of Health, Social Care, British Institute of International, Comparative Law, Wednesday, European Union Locations: Britain, COVID, London
MONTREAL/SYDNEY (Reuters) - Aviation industry opposition to requiring mandatory COVID-19 vaccination for passengers has intensified as impending drug approvals trigger a debate over their role in air travel. Qantas Airways triggered the debate last week when it said a COVID-19 vaccination would be necessary for passengers on its international flights, which remain largely idle because of Australia’s strict border controls. Shukor Yusof, head of Malaysia-based aviation consultancy Endau Analytics, said Southeast Asian countries would take different approaches on vaccine requirements. [L1N2II0FV]Australian Prime Minister Scott Morrison called on Thursday for a common set of global recognitions for COVID-19 vaccines. “The other issue about mandatory vaccines is going to be well what vaccine did you get?” Freedman said.
Persons: Toby Melville, Luis Felipe de Oliveira, Alan Joyce, , Alexandre de Juniac, Shukor Yusof, Chen Shih, Scott Morrison, Dr David Freedman, Freedman, ” Freedman Organizations: Aviation, Heathrow Airport, Britain, REUTERS, International, Qantas Airways, Reuters, Qantas, IATA, Endau, Taiwan Health, University of Alabama Locations: MONTREAL, SYDNEY, London, Britain, Europe, Australia, United States, Malaysia, U.S, Birmingham
FILE PHOTO: A fishing boat sails in front of wind turbines through the Thyboron Canal in Jutland, Denmark, March 14, 2019. REUTERS/Andrew KellyLONDON (Reuters) - A Sky News reporter said on Thursday EU sources had told him there had been some progress on the issue of fishing rights, one of the main areas of disagreement in trade talks between Britain and the European bloc. “EU sources suggest progress on fishing rights, based around this idea: UK fishermen get notably increased quota of stocks that are sold to UK customers; and EU boats keep similar quotas for fish (like herring, mackerel) that are loved in the EU but rarely eaten in the UK,” Adam Parsons, Europe correspondent at Sky News, said on Twitter.
Persons: Andrew Kelly LONDON, ” Adam Parsons Organizations: REUTERS, Sky, EU, European, Sky News, Twitter Locations: Thyboron, Jutland, Denmark, Britain, Europe
Airbnb toughens home rental conditions on New Year's Eve
  + stars: | 2020-12-03 | by ( Mathieu Rosemain | ) sentiment -1.00   time to read: +1 min
Slideshow ( 5 images )PARIS (Reuters) - Airbnb, the U.S. home rental company that will make its market debut next week, is making it harder to book apartments on New Year’s Eve in Paris, New York, London and other top destinations to limit the risks of illegal parties in the time of COVID-19. All bookings made under previous conditions will be maintained, Airbnb said. But it added that most single-day reservations aimed at organising large year-end gatherings were usually made in December. Last-minute bookings by people seeking to rent a place close to their own home and who haven’t received positive reviews will also be restricted, Airbnb said. The firm also made it impossible to rent a full home for a single night on Halloween in the United States and Canada to prevent illegal parties.
Persons: won’t, Airbnb, haven’t Organizations: Nasdaq Locations: PARIS, U.S, Paris , New York, London, United States, France, Britain, Canada, Mexico, Australia, Spain, San Francisco
WASHINGTON (Reuters) - President-elect Joe Biden has selected former Obama administration official Jeff Zients to be his White House coronavirus coordinator and former U.S. Although he has spoken with Biden’s White House Chief of Staff Ron Klain several times, the discussions were not substantive, Fauci said. U.S. deaths from the coronavirus pandemic have surged past 2,000 for two days in a row as the most dangerous season of the year approaches. Spokesmen for Biden’s transition team confirmed the Fauci meeting. “I’m asking Brian Deese to do this job because he’s someone who looks at hard problems and finds solutions that help make life better for American families,” Biden said in a video posted by his transition team.
Persons: Joe Biden, Obama, Jeff Zients, Vivek Murthy, Marcella Nunez, Smith, Biden’s, Anthony Fauci, Ron Klain, Fauci, “ I’m, , ” Fauci, Donald Trump, Biden, Brian Deese, Barack Obama’s, he’s, ” Biden, “ He’ll Organizations: WASHINGTON, U.S, Politico, White, CBS News, Biden, CBS, Republican, National Institute, Trump, National Economic Council Locations: Britain, United States
Biden says he'll publicly get a COVID-19 vaccine, keep Fauci
  + stars: | 2020-12-03 | by ( Trevor Hunnicutt | ) + 0.00   time to read: +5 min
REUTERS/Leah Millis“People have lost faith in the ability of the vaccine to work,” Biden told CNN in an interview that aired on Thursday. In the interview, Biden said he asked Fauci to stay on as a chief medical adviser. U.S. deaths from the coronavirus pandemic have surged past 2,000 for two days in a row as the most dangerous season of the year approaches. CORONAVIRUS TEAMIn the CNN interview, Biden said that as president, he will order masks to be worn in federal buildings and transportation hubs. Biden’s remarks on taking a vaccine after three former presidents - Bill Clinton, George W. Bush and Barack Obama - said they would publicly get the coronavirus vaccine as a way to demonstrate its safety.
Persons: Joe Biden, Anthony Fauci, Leah Millis, ” Biden, Fauci, Donald Trump’s coronavirus, Biden, Kamala Harris, , “ They’re, ” Trump, Trump, he’s, Fauci’s, Biden’s, Bill Clinton, George W, Bush, Barack Obama, Obama, Jeffrey Zients, Vivek Murthy, Marcella Nunez, Smith, Zients, Brian Deese Organizations: REUTERS, CNN, National Institute of Allergy, U.S . Senate, Republican National, Pfizer, U.S . Food, Drug Administration, CBS News, BBC, TEAM, Reuters, Politico, National Economic Council, Wisconsin’s Locations: WILMINGTON, Del, Wilmington , Delaware, U.S, Britain, United States, British, America
Ryanair CEO says he wants another Boeing order within 18 months
  + stars: | 2020-12-03 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
FILE PHOTO: Ryanair Chief Executive Michael O'Leary speaks during a Reuters Newsmaker event in London, Britain October 1, 2019. REUTERS/Peter NichollsDUBLIN (Reuters) - Ryanair hopes to agree another large order of the 737 MAX jets with manufacturer Boeing over the next 18 months and expects to be flying the 230-seat MAX 10 by 2025, Group Chief Executive Michael O’Leary told Reuters in an interview on Thursday. “I would like to see a follow-on order some time over the next 12 or 18 months,” O’Leary said in a phone interview after signing a deal for 75 additional 197-seat MAX 200 jets. “Very much part of the agreement we announced today is that Ryanair are going to be at the front of the queue when Boeing are able to price a MAX 10 order and put together a delivery programme,” he said. O’Leary said he was in active discussions about the MAX 10 but also said that the delivery timetable of the MAX 10 programme looked likely to slip.
Persons: Michael O'Leary, Peter Nicholls DUBLIN, Michael O’Leary, , ” O’Leary, , O’Leary Organizations: Ryanair, Reuters, REUTERS, Boeing Locations: London, Britain
UK's COVID-19 death toll surpasses 60,000
  + stars: | 2020-12-03 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
REUTERS/John Sibley/Fiel PhotoLONDON (Reuters) - The United Kingdom’s total death toll from COVID-19 surpassed 60,000 on Thursday, by the government’s preferred measure of deaths within 28 days of a positive test. The UK toll is the fifth highest in the world after the United States, Brazil, India and Mexico. The number of deaths over the past seven days was 3,085, down 5% compared with the previous seven days. Until August, the United Kingdom was tallying its official COVID-19 death toll by a different measure, namely all deaths where the disease was mentioned on the death certificate. By that measure, the toll has now reached 69,752.
Persons: John Sibley Organizations: REUTERS Locations: London, Britain, COVID, United States, Brazil, India, Mexico, Europe, Italy, France, United Kingdom
The trial data was released on Nov. 23, when developers hailed “a vaccine for the world”. ‘NEED TO BE CLARIFIED SWIFTLY’For Oxford’s vaccinologists, the confusion is a far cry from last week’s euphoria when interim data appeared to vindicate almost three decades of work. But the conflicting versions of events are the latest twist for the vaccine data, which has drawn scrutiny from scientists and investors since its release. AstraZeneca has lost almost 7 billion pounds ($9.35 billion) in value since the interim trial results amid such worries. It has said it hopes that more trial data gathered over time in that group will solidify the interim findings.
Persons: Francis Mascarenhas, ” Eleanor Riley, , Mene Pangalos, Adrian Hill, vaccinologists, ” Riley, ” Peter Openshaw Organizations: AstraZeneca, Oxford University, Serum Institute of India, REUTERS, Reuters, University of Edinburgh, Jenner Institute, University of Oxford, Britain’s Medicines, Healthcare, Agency, European Medicines Agency, Moderna, Pfizer, BioNTech’s, Imperial College London, Oxford Locations: Pune, India, , OXFORD, Britain, U.S, Oxford
WILMINGTON, Del./WASHINGTON (Reuters) - U.S. President-elect Joe Biden has selected two former Obama administration officials to senior roles to help fight COVID-19, including the appointment of Jeff Zients as White House coronavirus coordinator, Politico reported on Thursday. It likely will be the first of a series of normal type of transition undertaking,” Fauci told MSNBC. A Biden transition official confirmed the meeting. Fauci told MSNBC he expected to stay on in his current role under the Biden administration. U.S. deaths from the coronavirus pandemic have surged past 2,000 for two days in a row as the most dangerous season of the year approaches.
Persons: Joe Biden, COVID, Jeff Zients, Anthony Fauci, Brady, Leah Millis, Vivek Murthy, Marcella Nunez, Smith, Biden’s, Fauci, Ron Klain, Biden, , ” Fauci, Donald Trump, Zients, Brian Deese, Barack Obama’s, “ I’m, he’s, ” Biden, “ He’ll, Organizations: Obama, Politico, National Institute of Allergy, White, REUTERS, MSNBC, CBS, Republican, National Institute, Trump, National Economic Council Locations: WILMINGTON, Del, WASHINGTON, United States, Washington , U.S, Britain, America
(Reuters) - U.S. President-elect Joe Biden said on Thursday he would publicly take a coronavirus vaccine to demonstrate its safety to the public and pledged to retain the nation’s top adviser on the pandemic, Anthony Fauci, when he takes office next month. REUTERS/Joshua Roberts/File Photo“People have lost faith in the ability of the vaccine to work,” Biden told CNN in an interview set to air later on Thursday. U.S. deaths from the coronavirus pandemic have surged past 2,000 for two days in a row as the most dangerous season of the year approaches. CORONAVIRUS TEAMBiden’s remarks to CNN came after three former presidents - Bill Clinton, George W. Bush and Barack Obama - said they would publicly get the coronavirus vaccine as a way to demonstrate its safety. As part of his response effort, Biden will tap former Obama administration official Jeffrey Zients as his White House coronavirus coordinator, a Biden ally told Reuters.
Persons: Joe Biden, Anthony Fauci, Joshua Roberts, ” Biden, Fauci, Donald Trump’s coronavirus, Biden, Trump, Fauci’s, , Bill Clinton, George W, Bush, Barack Obama, Obama, Jeffrey Zients, Vivek Murthy, Marcella Nunez, Smith, Biden’s, Zients, Brian Deese Organizations: REUTERS, CNN, National Institute of Allergy, Republican National, Pfizer, U.S . Food, Drug Administration, CBS News, BBC, Reuters, Politico, National Economic Council, Wisconsin’s Locations: WILMINGTON, Del, Wilmington , Delaware, U.S, Britain, United States, British, America
Data sharing confusion four weeks before Brexit completes
  + stars: | 2020-12-03 | by ( Gabriela Baczynska | ) + 0.00   time to read: +3 min
FILE PHOTO: A British Union Jack flag flutters outside the European Parliament in Brussels, Belgium January 30, 2020. As talks go down to the wire, options range from upholding free commerce and other cooperation to an abrupt split. If there is an agreement, Britain’s data access would still be reduced, but by how much remains unclear. But that would not come into effect if they fail to agree on a new free trade deal and end up with a rupturous end to the years-long Brexit crisis. Britain’s mission to the EU hub Brussels had no comment, saying negotiations between London and the bloc were ongoing.
Persons: Francois Lenoir, Theresa May, Ben Rapp, , Rapp Organizations: REUTERS, European Union, EU, police Locations: BRUSSELS, Jack, Brussels, Belgium, Britain, Schengen, PRUM, Europol, Eurojust, France, Austria, British, EU, London, Europe
S&P Global trims back default forecasts
  + stars: | 2020-12-03 | by ( Reuters Staff | ) sentiment -1.00   time to read: 1 min
FILE PHOTO: The S&P office is seen at right in Canary Wharf in London, Britain March 6, 2020. REUTERS/Kevin CoombsLONDON (Reuters) - Credit rating agency S&P Global trimmed its forecasts on Thursday on how many U.S. and European firms were likely to default in the coming 10 months as the coronavirus fallout continues. The firm said it now expected the 12-month trailing corporate default rate to rise to around 9% in the United States and 8% in Europe by September 2021. In October it had predicted U.S. rates would rise to 12.5%, albeit for a slightly different time frame of the following nine months, while Europe’s rate would climb to 8.5%.
Persons: Kevin Coombs Organizations: REUTERS, Kevin Coombs LONDON Locations: Canary Wharf, London, Britain, U.S, United States, Europe
Hunger threatens Lebanon if leaders don't act, UK minister warns
  + stars: | 2020-12-03 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
BEIRUT (Reuters) - Lebanon is on the verge of not being able to feed itself, a British minister warned on Thursday, as the country’s financial crisis hikes poverty and inflation. FILE PHOTO: Britain's Conservative Party Chairman James Cleverly arrives at Downing Street in London, Britain February 11, 2020. Lebanon’s leaders must act.”Comments about a looming end to subsidies, which have depleted already critical foreign currency reserves, have raised fears of shortages. Caretaker Prime Minister Hassan Diab has said lifting subsidies on vital goods without helping the poor could cause “a social explosion”. “I reiterate my call to the leaders of Lebanon to do what is needed and deliver reforms,” he said.
Persons: James, Hannah McKay, Lebanon’s, , Riad Salameh, Hassan Diab Organizations: Britain's Conservative, REUTERS, Foreign, Caretaker Locations: BEIRUT, Lebanon, London, Britain, Beirut
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