cityam--2020-05-28--Harrods to open Westfield outlet shop to ease pressure on Knightsbridge store

Harrods is preparing to open a new London outlet to host its summer sale and create more space at its Knightsbridge flagship store .
The Harrods Outlet at Westfield Shepherd ’ s Bush will open in July and offer discounted stock from the existing season that the retailer was unable to sell when stores closed during the UK coronavirus lockdown .
The Knightsbridge department store will reopen on 15 June , the company confirmed today , with a focus on new clothing lines and some selected reductions .
Harrods said the Grade II-listed building was unable to host the seasonal @ @ @ @ @ @ @ .
Footfall monitoring technology will be used to limit capacity at Harrods Knightsbridge , and specific doors will be designated for entering and exiting the building .
Hand sanitiser stations will be in place across the store and at entrances and exits .
Harrods managing director Michael Ward said : “ In the new world in which we find ourselves , the economy needs businesses willing to look at its business model and current operations and think differently to enable growth , while protecting its customers and employees .
“ Our focus has @ @ @ @ @ @ @ to what it does best ; serving our customers , supporting our brand partners and bringing new and exciting experiences to those who pass through our doors .
“ Harrods Outlet allows us to enable better social distancing across a larger footprint , move towards the new season decisively and confidently , and retail in a responsible way .
Harrods has always sought to find creative solutions and has never been afraid to take the unexpected route ” .
Keith Mabbett , director of leasing UK and Italy at Westfield owner Unibail-Rodamco-Westfield , @ @ @ @ @ @ @ exciting for our team to work on developing a unique store that will host the launch of Harrods Outlet in July .
“ Whilst we redesign the flow and layout of our centres to adapt to new guidelines for their reopening on 15 June , creating a two story luxury store that responds specifically to the changes we face is a very exciting concept for us .
”

Harrods to open Westfield outlet shop to ease pressure on Knightsbridge store
evaespresso.com
Harrods is preparing to open a new London outlet to host its summer sale and create more space at its Knightsbridge flagship store.
The Harrods Outlet at Westfield Shepherd’s Bush will open in July and offer discounted stock from the existing season that the retailer was unable to sell when stores closed during the UK coronavirus lockdown.
The Knightsbridge department store will reopen on 15 June, the company confirmed today, with a focus on new clothing lines and some selected reductions.
Harrods said the Grade II-listed building was unable to host the seasonal sale with social distancing measures in place.
Footfall monitoring technology will be used to limit capacity at Harrods Knightsbridge, and specific doors will be designated for entering and exiting the building.
Hand sanitiser stations will be in place across the store and at entrances and exits.
Harrods managing director Michael Ward said: “In the new world in which we find ourselves, the economy needs businesses willing to look at its business model and current operations and think differently to enable growth, while protecting its customers and employees.
“Our focus has been on getting our Knightsbridge store back to what it does best; serving our customers, supporting our brand partners and bringing new and exciting experiences to those who pass through our doors.
“Harrods Outlet allows us to enable better social distancing across a larger footprint, move towards the new season decisively and confidently, and retail in a responsible way. Harrods has always sought to find creative solutions and has never been afraid to take the unexpected route”.
Keith Mabbett, director of leasing UK and Italy at Westfield owner Unibail-Rodamco-Westfield, said: “It has been extremely exciting for our team to work on developing a unique store that will host the launch of Harrods Outlet in July.
“Whilst we redesign the flow and layout of our centres to adapt to new guidelines for their reopening on 15 June, creating a two story luxury store that responds specifically to the changes we face is a very exciting concept for us.”


cityam--2020-05-28--Daniel Hannan: Slash taxes and ramp up spending to boost economy

Influential free-marketeer Daniel Hannan has told City A.M. ’ s The City View podcast that the government should both cut taxes and increase spending to help Britain recover from the coronavirus crash .
The former Tory MEP also said Britain should be exiting its lockdown much quicker , given that other European states are doing so without suffering a second wave of coronavirus cases .
Read more : The City View : ‘ End the lockdown now and cut taxes to avoid a depression ’ – Dan Hannan Speaking to City A.M. ’ s editor Christian May , Hannan said @ @ @ @ @ @ @ cut taxes now , you have a guaranteed depression.
” Yet he also said that , “ in a little nod to the Keynesian consensus out there ” , the government and local councils should increase spending on infrastructure to provide more stimulus to the economy .
“ Not only would I be cutting taxes now , I ’ d also be bringing forward spending on infrastructure spending and so on.
” He suggested local councils could repair roads , for example .
“ Every council should be using this time of low @ @ @ @ @ @ @ if that means eating into next year ’ s budget , because we need to be spending and we need to be cutting taxes in the short term.
” Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
On taxes , Hannan recommended suspending national insurance for employers and employees in the short term .
Hannan is one of a small group of conservative lockdown sceptics , who argue that the government went too far with its coronavirus restrictions .
The @ @ @ @ @ @ @ toll in the world and the world ’ s highest death rate per million .
But Hannan told The City View that UK coronavirus restrictions were was too harsh as “ the spread of infections already peaked before the lockdown was introduced ” .
He added : “ My fear is that we are now the slowest country coming out of this closure at a time when the rest of Europe is firing up its economy again.
” Read more : Coronavirus : Local lockdowns could be implemented in England Hannan pointed to @ @ @ @ @ @ @ that has benefitted from not locking down as stringently .
However , Sweden has suffered a much higher fatality rate than its Scandanavian neighbours .
Meanwhile , its economy is on track to contract at a similar rate to other European countries that put strict lockdowns in place , according to its central bank .

Daniel Hannan: Slash taxes and ramp up spending to boost economy
Daniel Hannan was a Tory MEP and is an influential voice in the realm of conservative politics and economic policy
Influential free-marketeer Daniel Hannan has told City A.M.’s The City View podcast that the government should both cut taxes and increase spending to help Britain recover from the coronavirus crash.
The former Tory MEP also said Britain should be exiting its lockdown much quicker, given that other European states are doing so without suffering a second wave of coronavirus cases.
Speaking to City A.M.’s editor Christian May, Hannan said: “If you don’t cut taxes now, you have a guaranteed depression.”
Yet he also said that, “in a little nod to the Keynesian consensus out there”, the government and local councils should increase spending on infrastructure to provide more stimulus to the economy.
“Not only would I be cutting taxes now, I’d also be bringing forward spending on infrastructure spending and so on.”
He suggested local councils could repair roads, for example. “Every council should be using this time of low traffic to fill every pot-hole, even if that means eating into next year’s budget, because we need to be spending and we need to be cutting taxes in the short term.”
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
On taxes, Hannan recommended suspending national insurance for employers and employees in the short term.
Hannan is one of a small group of conservative lockdown sceptics, who argue that the government went too far with its coronavirus restrictions.
The UK now has the second highest death toll in the world and the world’s highest death rate per million. But Hannan told The City View that UK coronavirus restrictions were was too harsh as “the spread of infections already peaked before the lockdown was introduced”.
He added: “My fear is that we are now the slowest country coming out of this closure at a time when the rest of Europe is firing up its economy again.”
Hannan pointed to Sweden as an example of a country that has benefitted from not locking down as stringently.
However, Sweden has suffered a much higher fatality rate than its Scandanavian neighbours. Meanwhile, its economy is on track to contract at a similar rate to other European countries that put strict lockdowns in place, according to its central bank.


cityam--2020-05-28--'I've never been in a faction': Anneliese Dodds on her plan to unite Labour under a new economic pla

'I've never been in a faction': Anneliese Dodds on her plan to unite Labour under a new economic platform

Labour ’ s new shadow chancellor had been an MP for just two-and-a-half years , before being handed the second most important job in Her Majesty ’ s Opposition .
Many would assume that an MP with that rapid a rise up the greasy pole of politics would have to be the consummate Westminster schemer – a modern day Harold Wilson if you will .
Read more : Starmer and the City : Labour ’ s battle to win back the trust of UK business However , Anneliese Dodds – a former public policy lecturer – is a unique case @ @ @ @ @ @ @ of political careerism falls flat .
The Oxford East MP describes her political career as “ serendipitous ” and speaks about its origins with genuine modesty .
After failing to get elected at a national or local level on several occasions , she reluctantly stood as an MEP candidate in the 2014 EU election and was victorious in South East England .
“ I was an MEP for a couple of years and then anticipated I would return to a previous lecturing job , but the sitting MP for where I live stood @ @ @ @ @ @ @ .
“ People quite often ask me for advice around [ becoming an MP ] .
“ I say well , ‘ there was no strategy behind what happened to me at all ’ , quite the opposite really.
” Dodds ’ promotion comes as a part of Sir Keir Starmer ’ s bid to restore credibility to the party ’ s frontbench , with many of the plum roles taken up by those who have excelled outside the realm of politics .
Dodds completed degrees from Oxford University , Edinburgh University and @ @ @ @ @ @ @ beginning an academic career at King ’ s College London and Aston University .
She was handed a slot as a shadow Treasury minister upon entering parliament in 2017 and was praised for her intelligence and pragmatism .
She is also not a member of any of Labour ’ s oft-warring factions , which chimes with Starmer ’ s promise to unify the party and stop tribal infighting .
“ I ’ ve never been part of one faction in the Labour party , ” she explains .
“ There are individuals who @ @ @ @ @ @ @ is necessary for them , and I respect that , but for me the biggest and most critical thing has never been internal discussion within the Labour party .
Read more : Eurozone economic sentiment edges up but doubts remain “ It ’ s about how we can directly improve people ’ s life chances and that ’ s what I ’ m focussed on.
” While many will regard Dodds as a vast improvement from her predecessor John McDonnell – unlike him , she is not a creature of rigid socialist ideology @ @ @ @ @ @ @ to do .
Despite Starmer ’ s positive approval ratings , it will likely take years for the public to regain trust in a party that was so thoroughly humiliated at the December General Election .
A key pillar of Labour ’ s push for credibility will be the party ’ s economic policy platform and its new architect .
The shadow chancellor will have five years to convince voters she can be trusted to managed the post-coronavirus economy .
Dodds said building bridges with the private sector and the City of London @ @ @ @ @ @ @ “ We began that from our first day in position and found it to be really fruitful dialogue so far , ” she says .
“ We ’ re talking to many of the peak associations and trying to do that in a way that reflects business diversity across the UK and trying to make sure we have those conversations.
” Read more : Economists rule out ‘ V-shaped ’ recovery after weak survey data She enters the job with the UK economy effectively suspended in animation and she will have to to @ @ @ @ @ @ @ in unprecedented circumstances .
It will be a vastly different economy from that of just months ago , with many experts predicting long-term scarring in the form of mass unemployment and severely dented consumer demand .
In April , 2.1m people claimed Universal Credit – a 70 per cent increase from May – and many more job losses will follow once the government ends its furlough scheme .
“ The UK economy has not been used to high levels of unemployment for some time and that will need a different policy response , @ @ @ @ @ @ @ City A.M. ’ s Midday Update newsletter , delivered to your inbox every lunchtime “ I think there ’ s very little discussion in a UK context on the role of upskilling and redeployment as a result of this crisis .
“ We can ’ t have a situation that we saw in the UK for example at the time of the pit closures [ in the 1980s ] , we can ’ t have that standing back approach we saw.
” Unsurprisingly , she does not advocate another round of austerity to @ @ @ @ @ @ @ the crisis and she thinks those “ with the broadest shoulders ” will have to contribute more than they did after the 2008 crash .
“ We need an equitable response , because we didn ’ t have it in 2010 , ” she says .
“ Large numbers of UK households are lacking in resilience – a quarter of UK families only had up to £100 savings when this crisis started .
“ That needs to be borne in mind when dealing with the debt that will result from the necessary measures @ @ @ @ @ @ @ so forth.
” Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
While the new shadow chancellor may not keep a copy of Das Kapital at her bedside , her economic leanings are still fundamentally left-wing .
When asked about her priorities for Labour ’ s economic platform much of the discussion revolved around regional inequalities , improving public services and creating more opportunities for those from less privileged backgrounds .
While she declined to say if she would keep Labour @ @ @ @ @ @ @ rail , mail , energy and water , she does advocate a higher degree of “ community control ” in the economy .
However , there ’ s also a high degree of practicality and pragmatism to her currents of thought .
She discusses at length the UK ’ s eternal bugbear of low productivity growth , the future digitisation of the economy and the need to prepare the private sector for a decarbonised future .
“ I ’ m very ambitious for the UK economy – I think we have incredible strengths @ @ @ @ @ @ @ says .
“ But to develop all of those we need to be getting the best out of all of our people.
” One potential criticism of Dodds is that she can still sound too much like a lecturer during House of Commons or media performances .
While she has a strong command of policy and has posed searching questions to chancellor Rishi Sunak in parliament , she does not yet have that killer turn of phrase that can stick in the public ’ s mind .
Veteran political pundit Steve Richards wrote @ @ @ @ @ @ @ Leadership from Wilson to May that one key element linking most successful oppositions is the ability of its leading members to become “ political teachers ” and to create a concise narrative about their vision for the country .
If Dodds can transfer her academic teaching and communication skills into a form that is politically potent she could become a truly deadly weapon for Labour .
With only a handful of years in the game and many more ahead of her , there is no reason to doubt this could be on the @ @

‘I’ve never been in a faction’: Anneliese Dodds on her plan to unite Labour under a new economic platform
Labour’s new shadow chancellor had been an MP for just two-and-a-half years, before being handed the second most important job in Her Majesty’s Opposition.
Many would assume that an MP with that rapid a rise up the greasy pole of politics would have to be the consummate Westminster schemer – a modern day Harold Wilson if you will.
However, Anneliese Dodds – a former public policy lecturer – is a unique case at a unique time and any accusation of political careerism falls flat.
The Oxford East MP describes her political career as “serendipitous” and speaks about its origins with genuine modesty.
After failing to get elected at a national or local level on several occasions, she reluctantly stood as an MEP candidate in the 2014 EU election and was victorious in South East England.
“I was an MEP for a couple of years and then anticipated I would return to a previous lecturing job, but the sitting MP for where I live stood down quite unexpectedly,” she says.
“People quite often ask me for advice around [becoming an MP].
Anneliese Dodds (R) holds her baby as she takes part in a voting session at the European Parliament in 2016
“I say well, ‘there was no strategy behind what happened to me at all’, quite the opposite really.”
Dodds’ promotion comes as a part of Sir Keir Starmer’s bid to restore credibility to the party’s frontbench, with many of the plum roles taken up by those who have excelled outside the realm of politics.
Dodds completed degrees from Oxford University, Edinburgh University and the London School of Economics, before beginning an academic career at King’s College London and Aston University.
She was handed a slot as a shadow Treasury minister upon entering parliament in 2017 and was praised for her intelligence and pragmatism.
She is also not a member of any of Labour’s oft-warring factions, which chimes with Starmer’s promise to unify the party and stop tribal infighting.
“I’ve never been part of one faction in the Labour party,” she explains.
“There are individuals who think being allied with a particular wing is necessary for them, and I respect that, but for me the biggest and most critical thing has never been internal discussion within the Labour party.
“It’s about how we can directly improve people’s life chances and that’s what I’m focussed on.”
While many will regard Dodds as a vast improvement from her predecessor John McDonnell – unlike him, she is not a creature of rigid socialist ideology – she will still have much work to do.
Despite Starmer’s positive approval ratings, it will likely take years for the public to regain trust in a party that was so thoroughly humiliated at the December General Election.
A key pillar of Labour’s push for credibility will be the party’s economic policy platform and its new architect.
The shadow chancellor will have five years to convince voters she can be trusted to manage the post-coronavirus economy.
Dodds on the campaign trail with Jeremy Corbyn in 2017
Dodds said building bridges with the private sector and the City of London was a key part of this.
“We began that from our first day in position and found it to be really fruitful dialogue so far,” she says.
“We’re talking to many of the peak associations and trying to do that in a way that reflects business diversity across the UK and trying to make sure we have those conversations.”
She enters the job with the UK economy effectively suspended in animation and she will have to to carve out her future vision for Britain in unprecedented circumstances.
It will be a vastly different economy from that of just months ago, with many experts predicting long-term scarring in the form of mass unemployment and severely dented consumer demand.
In April, 2.1m people claimed Universal Credit – a 70 per cent increase from May – and many more job losses will follow once the government ends its furlough scheme.
“The UK economy has not been used to high levels of unemployment for some time and that will need a different policy response,” Dodds says.
Sign up to City A.M.’s Midday Update newsletter, delivered to your inbox every lunchtime
“I think there’s very little discussion in a UK context on the role of upskilling and redeployment as a result of this crisis.
“We can’t have a situation that we saw in the UK for example at the time of the pit closures [in the 1980s], we can’t have that standing back approach we saw.”
Unsurprisingly, she does not advocate another round of austerity to deal with the ballooning deficit caused by the crisis and she thinks those “with the broadest shoulders” will have to contribute more than they did after the 2008 crash.
“We need an equitable response, because we didn’t have it in 2010,” she says.
“Large numbers of UK households are lacking in resilience – a quarter of UK families only had up to £100 savings when this crisis started.
“That needs to be borne in mind when dealing with the debt that will result from the necessary measures taken by NHS, social care and so forth.”
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
While the new shadow chancellor may not keep a copy of Das Kapital at her bedside, her economic leanings are still fundamentally left-wing.
Dodds says the response to the coronavirus crisis needs to be “an equitable response, because we didn’t have it in 2010” under then chancellor George Osborne
When asked about her priorities for Labour’s economic platform much of the discussion revolved around regional inequalities, improving public services and creating more opportunities for those from less privileged backgrounds.
While she declined to say if she would keep Labour’s 2019 manifesto promise to nationalise rail, mail, energy and water, she does advocate a higher degree of “community control” in the economy.
However, there’s also a high degree of practicality and pragmatism to her currents of thought.
She discusses at length the UK’s eternal bugbear of low productivity growth, the future digitisation of the economy and the need to prepare the private sector for a decarbonised future.
“I’m very ambitious for the UK economy – I think we have incredible strengths, truly remarkable ones,” she says.
“But to develop all of those we need to be getting the best out of all of our people.”
One potential criticism of Dodds is that she can still sound too much like a lecturer during House of Commons or media performances.
While she has a strong command of policy and has posed searching questions to chancellor Rishi Sunak in parliament, she does not yet have that killer turn of phrase that can stick in the public’s mind.
Veteran political pundit Steve Richards wrote in The Prime Ministers: Reflections on Leadership from Wilson to May that one key element linking most successful oppositions is the ability of its leading members to become “political teachers” and to create a concise narrative about their vision for the country.
If Dodds can transfer her academic teaching and communication skills into a form that is politically potent she could become a truly deadly weapon for Labour.
With only a handful of years in the game and many more ahead of her, there is no reason to doubt this could be on the horizon.


cityam--2020-05-28--FTSE 100 rises as investors bet on coronavirus recovery

The FTSE 100 has risen in morning trading as investors continue to bet on a relatively swift economic recovery from coronavirus , with spirits high as countries reopen their economies .
London ’ s main stock index was up 0.4 per cent at 6,166 points , boosted by Easyjet ’ s announcement of jobs cuts .
Read more : Easyjet to axe 30 per cent of staff as coronavirus hits airline sector Stocks in Europe also rose .
The continent-wide Stoxx 600 was up 0.7 per cent and Germany ’ s Dax index was 0.2 per cent higher .
Asian @ @ @ @ @ @ @ , US-China tensions continue to cap gains , with investors nervous that a return to a trade war could derail the expected economic rebound .
Japan ’ s Nikkei 225 was up 2.3 per cent .
China ’ s SSE composite rose 0.3 per cent but Hong Kong ’ s Hang Seng dropped 0.9 per cent .
The Hang Seng ’ s move lower came after protests began again in the wake of China ’ s decision to try to impose a security law on the semi-autonomous City .
US secretary of state @ @ @ @ @ @ @ longer certifies Hong Kong as politically autonomous from China .
Nonetheless , global stock markets are well up for the week .
“ Optimism around vaccines , economies reopening , and the unveiling of a proposal for a €750bn ( £670bn ) EU recovery fund outweighed another exchange of salvos in the recent US-China sparring match , ” said Jim Reid of Deutsche Bank .
European Commission president Ursula von der Leyen yesterday proposed a radical recovery plan that was applauded by investors .
It would see the EU distribute €500bn in the @ @ @ @ @ @ @ to member states .
Optimism was generally high in the markets as countries took further steps to reopen their economies .
On top of this , the US ’ s chief infectious diseases doctor Anthony Fauci said there ’ s a “ good chance ” a vaccine could be available by the end of the year .
On the FTSE 100 , Airline Easyjet also rose after it announced it said it would slash its staff numbers by up to 30 per cent and reduce the size of its fleet amid the collapse @ @ @ @ @ @ @ were up 4.4 per cent as investors cheered the cost-cutting measures .
Easyjet and its fellow airlines have been among the worst-hit stocks amid the coronavirus pandemic .
The UK ’ s FTSE 250 followed the FTSE 100 higher and rose 0.4 per cent .
It was boosted by cinema group Cineworld , which surged 23 per cent after it said it planned to reopen all its cinemas by July .
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
David @ @ @ @ @ @ @ CMC Markets , said that Cineworld “ also believes it has the funding to survive even if cinemas remain closed for the rest of the year ” .
“ These days traders are really focused on financing and Cineworld appear to be in a strong position to see out 2020.
” Oil prices slipped today , however , as US stockpiles were once again built up .
That signalled that the recovery in demand could be less pronounced than expected .
Brent crude , the global benchmark , fell 1.6 per cent to @ @ @ @ @ @ @ the US benchmark , slipped 1.9 per cent to $ 32.20 per barrel .
On the currency markets , the pound was down 0.2 per cent against the dollar at $ 1.224 .
On an index against other currencies , the dollar slipped 0.1 per cent .
Some analysts continued to question the recent stock market rally .
Chris Beauchamp , chief market analyst at IG , said : “ Resilience in equities comes at an odd time… as data begins to worsen as we head further into the second quarter and US-China @ @ @ @ @ @ @ overall investors continue to look beyond the second quarter , hoping for growing signs of a rebound .
”

FTSE 100 and US stocks rise as investors bet on recovery
US stocks have joined the FTSE 100 in the green as investors continue to bet on a relatively swift economic recovery from coronavirus, with spirits high as countries reopen their economies.
London’s main stock index was up one per cent in afternoon trading at 6,205 points. It had risen more than one per cent yesterday.
Stocks in Europe also rose. The continent-wide Stoxx 600 was up 1.2 per cent and Germany’s Dax index was 0.6 per cent higher.
US stocks moved higher at the opening bell. The S&P 500 index was up 0.2 per cent and the Dow Jones was also 0.2 per cent higher.
However, US-China tensions capped gains in the wake of China’s decision to try to impose a security law on the semi-autonomous city. Investors are nervous that a return to a trade war could derail the expected economic rebound.
Nonetheless, global stock markets are well up for the week. “Optimism around vaccines, economies reopening, and the unveiling of a proposal for a €750bn (£670bn) EU recovery fund outweighed another exchange of salvos in the recent US-China sparring match,” said Jim Reid of Deutsche Bank.
European stocks were helped by European Commission president Ursula von der Leyen yesterday proposing a radical recovery plan. It would see the EU distribute €500bn in the form of grants and €250bn in loans to member states.
Optimism was generally high in the markets as countries took further steps to reopen their economies.
FTSE 100 lifted by reopening
On the FTSE 100, airline Easyjet rose after it announced it said it would slash its staff numbers by up to 30 per cent of its staff and reduce the size of its fleet amid the collapse in global air travel.
Its shares were up 4.7 per cent as investors cheered the cost-cutting measures. Easyjet and its fellow airlines have been among the worst-hit stocks amid the coronavirus pandemic.
The UK’s FTSE 250 followed the FTSE 100 higher and rose one per cent. It was boosted by cinema group Cineworld, which surged 21.5 per cent after it said it planned to reopen all its cinemas by July.
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
David Madden, market analyst at trading platform CMC Markets, said that Cineworld “also believes it has the funding to survive even if cinemas remain closed for the rest of the year”.
“These days traders are really focused on financing and Cineworld appear to be in a strong position to see out 2020.”
US stocks helped by Boeing
US stock markets have continued to climb even as unemployment continues to skyrocket. Data out today showed that more than 40m Americans have made new jobless claims since the pandemic began. Another 2.1m claimed last week.
Yet Wall Street trading was boosted by Boeing, with the plane-maker resuming production of its 737 Max jets. The firm’s shares jumped 7.5 per cent.
On the S&P 500, pharmaceutical firms did well, with Labcorp and Regeneron among the biggest risers.
Oil prices recovered after an earlier fall, which was driven by doubts that the recovery in demand could be less pronounced than expected.
Brent crude, the global benchmark, rose 0.2 per cent to $32.90 per barrel. WTI, the US benchmark, slipped 0.1 per cent to $34.80 per barrel.
On the currency markets, the pound rose 0.2 per cent against the dollar to $1.229. On an index against other currencies, the dollar slipped 0.3 per cent.
Doubts continue about recent rally
Craig Erlam, market analyst at currency platform Oanda, said markets such as the FTSE 100 could be derailed by a spat between the US and China over Hong Kong.
He said that with US President Donald Trump “facing re-election later this year and China becoming increasingly confrontational, this heightened hostility isn’t going anywhere soon”.
Some analysts continued to question the recent stock market rally. Chris Beauchamp, chief market analyst at IG, said: “Resilience in equities comes at an odd time… as data begins to worsen as we head further into the second quarter and US-China tensions begin to rise.”
“But overall investors continue to look beyond the second quarter, hoping for growing signs of a rebound.”


cityam--2020-05-28--UK car industry flatlines as just 197 cars built in April

The UK car industry made just 197 cars in April as the shuttering of factories due to the coronavirus pandemic sent production flatlining .
Total production dropped 99.7 per cent , with the lowest number of cars built in one month since the Second World War , according to new data from the Society of Motor Manufacturers and Traders ( SMMT ) .
As a result of the historic stall , production for the year to date is down 27.6 per cent , with 121,811 fewer vehicles made this year compared to last .
The industry is now forecasting that @ @ @ @ @ @ @ this year , lower than in 2009 , and as a result suffer a loss of £12.5bn .
Just 45 of the 197 cars were built for customers in the UK .
Last April , production had itself collapsed 44.5 per cent to 70,000 as factories temporarily closed down in anticipation of a 31 March Brexit , which did not transpire in the end .
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
The SMMT ’ s chief executive Mike @ @ @ @ @ @ @ ’ s car plants mothballed in April , these figures aren ’ t surprising but they do highlight the tremendous challenge the industry faces , with revenues effectively slashed to zero last month ” .
Although the automotive manufacturing industry , which employs 168,000 in the UK is now starting to return to work , Hawes warned that the sector would need support from the government to get through the “ short-term turmoil ” .
Speaking to City A.M. earlier this month , Hawes said that the industry would need government stimulus in @ @ @ @ @ @ @ demand going again .
“ There will be some demand but we really want to see is a quick stimulus to demand to get people to consider buying cars , ” Hawes said .
“ Of course people ’ s livelihoods have been seriously threatened by what ’ s going on , but we need to get a quick boost in the market to get the wheels of manufacturing turning.
” Car showrooms are set to open on Monday as the government gradually eases back lockdown restrictions .

UK car industry flatlines as just 197 cars built in April
The UK car industry made just 197 cars in April as the shuttering of factories due to the coronavirus pandemic sent production flatlining.
Total production dropped 99.7 per cent, with the lowest number of cars built in one month since the Second World War, according to new data from the Society of Motor Manufacturers and Traders (SMMT).
As a result of the historic stall, production for the year to date is down 27.6 per cent, with 121,811 fewer vehicles made this year compared to last.
The industry is now forecasting that it will manufacture less than 1m cars this year, lower than in 2009, and as a result suffer a loss of £12.5bn.
Just 45 of the 197 cars were built for customers in the UK.
Last April, production had itself collapsed 44.5 per cent to 70,000 as factories temporarily closed down in anticipation of a 31 March Brexit, which did not transpire in the end.
The SMMT’s chief executive Mike Hawes said: “With the UK’s car plants mothballed in April, these figures aren’t surprising but they do highlight the tremendous challenge the industry faces, with revenues effectively slashed to zero last month”.
KPMG’s head of automotive Andrew Burn said that the challenge for the car industry would be “contending with low volumes and fluctuating schedules.
“There is an expectation that many manufacturers will adopt a demand-led model, although this will continue to be impacted by uncertainty around volume – it is extremely unlikely that we’ll return to pre-COVID-19 levels for the significant future”, he added.
Although the automotive manufacturing industry, which employs 168,000 in the UK is now starting to return to work, Hawes warned that the sector would need support from the government to get through the “short-term turmoil”.
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
Speaking to City A.M. earlier this month, Hawes said that the industry would need government stimulus in order to jumpstart the sector and get demand going again.
“There will be some demand but we really want to see is a quick stimulus to demand to get people to consider buying cars,” Hawes said.
“Of course people’s livelihoods have been seriously threatened by what’s going on, but we need to get a quick boost in the market to get the wheels of manufacturing turning.”
Car showrooms are set to open on Monday as the government gradually eases back lockdown restrictions.
Seán Kemple, director of sales at Close Brothers Motor Finance, said that the car industry should be a focus for the government as the country moves out of lockdown:
” More than half of dealers have called on the Government to offer more support to car manufacturers, and there’s certainly an opportunity to ‘build back better’.
“And with the new 10% tax on EU-imported cars likely coming into play in 2021, UK plants will need to be equipped to meet even higher demand as we look to the long term”, he added.


cityam--2020-05-28--More than 100 MPs call for extension to self-employed relief package

A group of 113 MPs have signed a letter urging chancellor Rishi Sunak to extend the £6.8bn coronavirus relief package for self-employed workers .
The letter , written by Labour MP Siobhain McDonagh , said people across the country would be “ left without work and without support ” if the scheme is not extended past its current June end date .
Read more : More than £6bn paid out as part of self-employed relief package The package hands a taxable grant of 80 per cent of income , up to £2,500 a month , to self-employed workers unable to @ @ @ @ @ @ @ and Customs has said it has received 2.3m claims for the self-employed scheme worth £6.8bn .
The programme was originally slated for only three months and to end in June , but there was some speculation it would be extended to October like the government ’ s furlough scheme for traditional employees .
However , he Financial Times reported yesterday that the self-employed scheme was unlikely to get extended , due to Treasury concerns that it was not well targeted .
McDonagh ’ s letter urges Sunak to reconsider any potential cut-off to @ @ @ @ @ @ @ furlough scheme .
The letter was signed by prominent Labour backbenchers such as Dawn Butler and Hillary Benn , along with Liberal Democrat leader Sir Ed Davey .
“ Whilst the government has announced that the coronavirus Job Retention Scheme will now continue until October 2020 , it remains unclear whether any extension to the Self- Employment Income Support Scheme will be announced , ” the letter reads .
“ Whilst some of our self-employed constituents may be able to return to work over the coming weeks and months , it remains likely @ @ @ @ @ @ @ scheme does not continue , they will be left without work and without support .
“ We are calling on you to ensure that this scheme is continued and to provide details of an extension as soon as possible.
” Federation of Small Businesses national chair Mike Cherry has made similar overtures to the chancellor .
Read more : UK firms face ‘ difficult decisions ’ when furlough scheme winds down “ A big proportion of our 5m strong self-employed community now faces a total income cliff edge in a matter of days @ @ @ @ @ @ @ of them – hairdressers , personal trainers , event organisers , caterers and B and B owners – work in sectors that will be impacted for many more weeks to come .
”

More than 100 MPs call for extension to self-employed relief package
Britain’s Chancellor of the Exchequer Rishi Sunak arrives in Downing Street in central London May 18, 2020. – British health officials added loss of taste and smell to their coronavirus symptoms list on Monday after experts warned cases were being missed. “From today, all individuals should self-isolate if they develop a new continuous cough or fever or anosmia,” Britain’s chief medical officers said in a statement. (Photo by Tolga AKMEN / AFP) (Photo by TOLGA AKMEN/AFP via Getty Images)
A group of 113 MPs have signed a letter urging chancellor Rishi Sunak to extend the £6.8bn coronavirus relief package for self-employed workers.
The letter, written by Labour MP Siobhain McDonagh, said people across the country would be “left without work and without support” if the scheme is not extended past its current June end date.
The package hands a taxable grant of 80 per cent of income, up to £2,500 a month, to self-employed workers unable to work due to coronavirus.
HM Revenue and Customs has said it has received 2.3m claims for the self-employed scheme worth £6.8bn.
The programme was originally slated for only three months and to end in June, but there was some speculation it would be extended to October like the government’s furlough scheme for traditional employees.
However, the Financial Times reported yesterday that the self-employed scheme was unlikely to get extended, due to Treasury concerns that it was not well targeted.
McDonagh’s letter urges Sunak to reconsider any potential cut-off to the scheme to create parity with the furlough scheme.
The letter was signed by prominent Labour backbenchers such as Dawn Butler and Hillary Benn, along with Liberal Democrat leader Sir Ed Davey.
“Whilst the government has announced that the coronavirus Job Retention Scheme will now continue until October 2020, it remains unclear whether any extension to the Self- Employment Income Support Scheme will be announced,” the letter reads.
“Whilst some of our self-employed constituents may be able to return to work over the coming weeks and months, it remains likely that many will not. If the scheme does not continue, they will be left without work and without support.
“We are calling on you to ensure that this scheme is continued and to provide details of an extension as soon as possible.”
Federation of Small Businesses national chair Mike Cherry has made similar overtures to the chancellor.
“A big proportion of our 5m strong self-employed community now faces a total income cliff edge in a matter of days,” he said.
“Many of them – hairdressers, personal trainers, event organisers, caterers and B and B owners – work in sectors that will be impacted for many more weeks to come.”


cityam--2020-05-28--Donald Trump signs executive order to regulate social media firms

US president Donald Trump has this evening signed an executive order designed to weaken the legal protections around social media companies .
The move comes after the president became embroiled in a dispute with Twitter , which marked one of his tweets with a fact check warning over its inaccurate claims .
Read more : Trump to sign executive order about social media amid Twitter spat The president said that the order would attempt to “ remove or change ” section 230 of the Communications Decency Act , which protects platforms from content posted on it by users .
He @ @ @ @ @ @ @ pursue legislation to regulate social media companies .
The president ’ s remarks and the order , as drafted , seem to try to circumvent Congress and the courts in directing changes to long-established interpretations of Section 230 .
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
Legal experts said that the challenge was unlikely to stand up to scrutiny .
“ In terms of presidential efforts to limit critical commentary about themselves , I think one would have to @ @ @ @ @ @ @ 1798 – which made it illegal to say false things about the president and certain other public officials – to find an attack supposedly rooted in law by a president on any entity which comments or prints comments about public issues and public people , ” said First Amendment lawyer Floyd Abrams .
Neither Twitter or Facebook immediately commented on the decision .
Trump yesterday threatened to shut down social media platforms , complaining they were silencing conservative voices in the run-up to the 2020 presidential election .
“ We will strongly regulate @ @ @ @ @ @ @ we can ever allow this to happen , ” he wrote in a tweet .

Donald Trump signs executive order to regulate social media firms
US president Donald Trump has this evening signed an executive order designed to weaken the legal protections around social media companies.
The move comes after the president became embroiled in a dispute with Twitter, which marked one of his tweets with a fact check warning over its inaccurate claims.
The president said that the order would attempt to “remove or change” section 230 of the Communications Decency Act, which protects platforms from content posted on it by users.
He added that attorney general William Barr would pursue legislation to regulate social media companies.
The president’s remarks and the order, as drafted, seem to try to circumvent Congress and the courts in directing changes to long-established interpretations of Section 230.
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
Legal experts said that the challenge was unlikely to stand up to scrutiny.
“In terms of presidential efforts to limit critical commentary about themselves, I think one would have to go back to the Sedition Act of 1798 – which made it illegal to say false things about the president and certain other public officials – to find an attack supposedly rooted in law by a president on any entity which comments or prints comments about public issues and public people,” said First Amendment lawyer Floyd Abrams.
Neither Twitter or Facebook immediately commented on the decision.
Trump yesterday threatened to shut down social media platforms, complaining they were silencing conservative voices in the run-up to the 2020 presidential election.
“We will strongly regulate, or close them down, before we can ever allow this to happen,” he wrote in a tweet.


cityam--2020-05-28--UN confirms November 2021 date for landmark COP26 climate summit

The United Nations has tonight confirmed that the so-called COP26 climate summit will be held from 1 to 12 November 2021 , a year later than originally planned , due to coronavirus .
The talks , which will be held in Glasgow , are widely tipped to be the most critical since 2015 ’ s landmark Paris conference , with world leaders expected to increase their commitments to pledging greenhouse gas emissions .
Read more : Global energy investment set to slump by record $ 400bn in 2020 The UK government , which will host the talks in partnership with @ @ @ @ @ @ @ In a statement , business secretary and conference president Alok Sharma said : “ While we rightly focus on fighting the immediate crisis of the Coronavirus , we must not lose sight of the huge challenges of climate change .
“ With the new dates for COP26 now agreed we are working with our international partners on an ambitious roadmap for global climate action between now and November 2021 ” .
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
More @ @ @ @ @ @ @ are required if countries are to meet the targets set out in Paris accords , which aim to cap the global temperature rise at two degrees .
On current commitments , the world is on course for a rise of three degrees this century , which scientists say would have a devastating impact on sea levels around the world .
Such an increase in temperature would also lead to a higher rate of extreme weather events and also lead to mass migration as regions become uninhabitable .
Read more : Largest solar park @ @ @ @ @ @ @ said that the steps the world ’ s economies take to rebuild from the coronavirus pandemic would have a “ profound impact ” on their future sustainability and resilience .
“ COP26 can be a moment where the world unites behind a clean resilient recovery ” , he added .

UN confirms November 2021 date for landmark COP26 climate summit
The United Nations has tonight confirmed that the so-called COP26 climate summit will be held from 1 to 12 November 2021, a year later than originally planned, due to coronavirus.
The talks, which will be held in Glasgow, are widely tipped to be the most critical since 2015’s landmark Paris conference, with world leaders expected to increase their commitments to pledging greenhouse gas emissions.
The UK government, which will host the talks in partnership with Italy, proposed the new dates.
In a statement, business secretary and conference president Alok Sharma said: “While we rightly focus on fighting the immediate crisis of the Coronavirus, we must not lose sight of the huge challenges of climate change.
“With the new dates for COP26 now agreed we are working with our international partners on an ambitious roadmap for global climate action between now and November 2021”.
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
More aggressive rules of the cutting of emissions are required if countries are to meet the targets set out in Paris accords, which aim to cap the global temperature rise at two degrees.
On current commitments, the world is on course for a rise of three degrees this century, which scientists say would have a devastating impact on sea levels around the world.
Such an increase in temperature would also lead to a higher rate of extreme weather events and also lead to mass migration as regions become uninhabitable.
Sharma said that the steps the world’s economies take to rebuild from the coronavirus pandemic would have a “profound impact” on their future sustainability and resilience.
“COP26 can be a moment where the world unites behind a clean resilient recovery”, he added.


cityam--2020-05-28--Largest solar park in the UK given planning approval

Business secretary Alok Sharma has today given the go-ahead to Britain ’ s largest solar energy park on the north Kent coast .
The Cleve Hill park , which is being built by a joint venture of specialist solar firms Hive Energy and Wirsol Energy , will consist of 800,000 panels built on 890 hectares of land in Graveney .
Read more : Global energy investment set to slump by record $ 400bn in 2020 The site will generate 50 megawatts of electricity , which is enough to power more than 90,000 homes .
Due to the size of the @ @ @ @ @ @ @ nationally significant infrastructure project .
Chris Hewitt , the chief executive of the Solar Trade Association , said : “ Today the Government has shown that it recognises the vital contribution solar can make to Britain ’ s energy mix .
“ Solar has a significant role to play in boosting the economy in the wake of the coronavirus crisis .
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
“ With the right policies we can expect to see an @ @ @ @ @ @ @ rapidly deployed.
” According to government data , the UK currently has 13.5 gigawatts of solar energy capacity installed on the grid .
Drax Electric Insights showed that as of this evening solar power is generating 12.5 per cent of the UK ’ s electricity .
The go ahead did not meet with approval from everyone , however , with environmental campaign groups branding the decision “ ecocide ” .
Read more : Global renewable energy growth to fall for first time in two decades The Planning Inspectorate ’ s chief executive Sarah @ @ @ @ @ @ @ the local authority and other interested parties were able to participate in a 6-month long examination .
“ The Examining Authority listened and gave full consideration to local views before making their recommendation .
”

Largest solar park in the UK given planning approval
Business secretary Alok Sharma has today given the go-ahead to Britain’s largest solar energy park on the north Kent coast.
The Cleve Hill park, which is being built by a joint venture of specialist solar firms Hive Energy and Wirsol Energy, will consist of 800,000 panels built on 890 hectares of land in Graveney.
The site will generate 50 megawatts of electricity, which is enough to power more than 90,000 homes.
Due to the size of the plant, the development is designated a nationally significant infrastructure project.
Chris Hewitt, the chief executive of the Solar Trade Association, said: “Today the Government has shown that it recognises the vital contribution solar can make to Britain’s energy mix.
“Solar has a significant role to play in boosting the economy in the wake of the coronavirus crisis.
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
“With the right policies we can expect to see an 8GW pipeline of solar projects unlocked and rapidly deployed.”
According to government data, the UK currently has 13.5 gigawatts of solar energy capacity installed on the grid.
Drax Electric Insights showed that as of this evening solar power is generating 12.5 per cent of the UK’s electricity.
The go ahead did not meet with approval from everyone, however, with environmental campaign groups branding the decision “ecocide”.
The Planning Inspectorate’s chief executive Sarah Richards said: “Local people, the local authority and other interested parties were able to participate in a 6-month long examination.
“The Examining Authority listened and gave full consideration to local views before making their recommendation.”


cityam--2020-05-28--Consumer confidence among millennials jumps during lockdown

Consumer confidence among millennials has jumped during the UK coronavirus lockdown , according to the latest research .
Sentiment in the 25 to 34 age group has risen from minus seven in April to 16 this month , a survey tracking expectations of future disposable income and shopping behaviour showed .
Read more : Consumer confidence ‘ battered and bruised ’ by coronavirus crisis The age group has overtaken the 18 to 24 bracket as the most financially optimistic group for the first time as millennials saved money on staying in during lockdown .
Meanwhile , consumers aged between 55 @ @ @ @ @ @ @ were the most worried about their financial prospects , with a net sentiment of minus 31 , according to research by PwC .
Overall sentiment was minus 12 , which was a slight improvement on April ’ s survey when sentiment was minus 26 .
Only 19 per cent of adults said that they had lost some or all of their income through job loss or furlough , ranging from 29 per cent of under 25s to 5 per cent of over 65s .
However , 39 per cent of adults said that @ @ @ @ @ @ @ affected since March , and a further 19 per cent said that they had saved more money .
PwC UK consumer markets leader Lisa Hooker said : “ Despite the obvious economic impact Covid-19 is having , it seems that sentiment remains resilient for many consumers , and especially those in the 25-34 age bracket , who may have benefited from being more established in their jobs and saving money on going out and holidays Read more : Asda sales jump but grocer warns over consumer confidence slump “ The results show that @ @ @ @ @ @ @ disposable income , and are willing to spend it .
“ So , with the planned loosening of restrictions on non-essential retail in June coupled with policies to achieve social distancing , the high street has the potential to benefit from some bounce back and quickly .
”

Consumer confidence among millennials jumps during lockdown
Consumer confidence among millennials has jumped during the UK coronavirus lockdown, according to the latest research.
Sentiment in the 25 to 34 age group has risen from minus seven in April to 16 this month, a survey tracking expectations of future disposable income and shopping behaviour showed.
The age group has overtaken the 18 to 24 bracket as the most financially optimistic group for the first time as millennials saved money on staying in during lockdown.
Meanwhile, consumers aged between 55 and 64, approaching retirement age, were the most worried about their financial prospects, with a net sentiment of minus 31, according to research by PwC.
Overall sentiment was minus 12, which was a slight improvement on April’s survey when sentiment was minus 26.
Only 19 per cent of adults said that they had lost some or all of their income through job loss or furlough, ranging from 29 per cent of under 25s to 5 per cent of over 65s.
However, 39 per cent of adults said that their financial situation had not been adversely affected since March, and a further 19 per cent said that they had saved more money.
PwC UK consumer markets leader Lisa Hooker said: “Despite the obvious economic impact Covid-19 is having, it seems that sentiment remains resilient for many consumers, and especially those in the 25-34 age bracket, who may have benefited from being more established in their jobs and saving money on going out and holidays
“The results show that some consumers do expect to have more disposable income, and are willing to spend it.
“So, with the planned loosening of restrictions on non-essential retail in June coupled with policies to achieve social distancing, the high street has the potential to benefit from some bounce back and quickly.”


cityam--2020-05-28--Oil prices push higher despite unexpected surge in crude stocks

Oil prices pushed upwards today despite a larger than expected build in US crude stockpiles , holding on to the gains of the last few weeks .
Global standard Brent crude rose 1.5 per cent to $ 35.29 , whilst US benchmark West Texas Intermediate picked up 1.9 per cent to reach $ 33.43 .
Read more : Oil giant Chevron to cut up to 7,000 jobs due to coronavirus The rise came despite US crude inventories increasing by 7.9m barrels in recent weeks , surpassing expectations , due to a surge in imports .
The increase marked a reversal @ @ @ @ @ @ @ couple of weeks , with stocks beginning to decline as fuel demand slowly increased .
In conjunction with record production cuts and oil shut-ins around the world , this had stabilised prices after April ’ s period of historic volatility .
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
However , despite the tentative recovery , considerable anxiety remains over whether producers will continue to curb output to prop up the market .
Opec ’ s de facto leader Saudi @ @ @ @ @ @ @ to extend its own cuts until the end of the year , but as yet there has not been any assurance from Russia that it will follow suit .
A failure of the two nations to agree to oil production cuts triggered a production war in March , flooding the market and contributing to the coronavirus-caused price collapse .
Read more : Oil prices on supply cut hopes and Covid-19 demand recovery Opec and its allies in the wider Opec+ cartel are due to meet on 9 June to discuss extending the cuts @ @ @ @ @ @ @ US could hit China with further sanctions over its new security legislation for Hong Kong , which would further hinder the global economy ’ s recovery from the coronavirus crisis .

Oil prices push higher despite unexpected surge in crude stocks
Oil prices pushed upwards today despite a larger than expected build in US crude stockpiles, holding on to the gains of the last few weeks.
Global standard Brent crude rose 1.5 per cent to $35.29, whilst US benchmark West Texas Intermediate picked up 1.9 per cent to reach $33.43.
The rise came despite US crude inventories increasing by 7.9m barrels in recent weeks, surpassing expectations, due to a surge in imports.
The increase marked a reversal of the downward trend of the last couple of weeks, with stocks beginning to decline as fuel demand slowly increased.
In conjunction with record production cuts and oil shut-ins around the world, this had stabilised prices after April’s period of historic volatility.
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
However, despite the tentative recovery, considerable anxiety remains over whether producers will continue to curb output to prop up the market.
Opec’s de facto leader Saudi Arabia has indicated that it is willing to extend its own cuts until the end of the year, but as yet there has not been any assurance from Russia that it will follow suit.
A failure of the two nations to agree to oil production cuts triggered a production war in March, flooding the market and contributing to the coronavirus-caused price collapse.
Opec and its allies in the wider Opec+ cartel are due to meet on 9 June to discuss extending the cuts.
Markets are also concerned that the US could hit China with further sanctions over its new security legislation for Hong Kong, which would further hinder the global economy’s recovery from the coronavirus crisis.


cityam--2020-05-28--Coronavirus: People in England can meet in groups of six outside from Monday

People in England will be able to meet up to five friends or family members from outside their household from Monday .
Boris Johnson announced today that meetings can happen either in public spaces or in backyards and other private outdoor spaces , but a two-metre distance must always be kept .
Read more : UK coronavirus death toll rises by 377 to 37,837 “ These changes mean that friends and family can start to meet their loved ones , ” he said .
The Prime Minister said that people should not meet others from too many households in succession @ @ @ @ @ @ @ transmission ” .
Today ’ s changes are not applicable to those in the “ clinically extremely vulnerable ” category .
The easing of the lockdown comes alongside the already announced re-opening of some schools and businesses next week .
Primary school students in reception , year one and six will return on Monday , while outdoor retail shops and outdoor car showrooms will also open .
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
On 15 June , more @ @ @ @ @ @ @ in year 10 and 12 will have some contact hours at school .
Johnson warned that some areas could end up in full lockdown again as local coronavirus flare ups inevitably occur .
“ I have to warn you in all frankness as we go forward there will be further local outbreaks , so we will monitor what is going on very carefully , we will put on the brakes as require and where necessary we will re-impose measures , ” he said .
“ We will inevitably not get everything right the @ @ @ @ @ @ @ everyone to remember that it ’ s the same patience , same hard work and sacrifices from the British people in lockdown that have got us so far and allowed us to make the progress that we had.
” A key part of preventing a return of lockdown will be the NHS track and trace system , which was unveiled today .
Anyone in England with Covid-19 symptoms is now being asked to contact the NHS where they will get a coronavirus test and be asked who they have been in close contact @ @ @ @ @ @ @ being within two metres of someone for more than 15 minutes without any protective clothing being worn .
Read more : London coronavirus cases : How many infections are in your London borough ?
If the test comes back positive then everyone who has been in close contact with the infected person will be told to self-isolate for 14 days .
The government will monitor any increases in the rate of Covid-19 infections , with local lockdowns to be potentially enforced .

Coronavirus: People in England can meet in groups of six outside from Monday
UNSPECIFIED, – MAY 25: Members of the public follow social distancing guidelines whilst queuing for ice cream at Alexandra Palace park on May 25, 2020 in London, England. The British government has started easing the lockdown it imposed two months ago to curb the spread of Covid-19, abandoning its ‘stay at home’ slogan in favour of a message to ‘be alert’, but UK countries have varied in their approaches to relaxing quarantine measures. (Photo by Kate McShane/Getty Images)
People in England will be able to meet up to five friends or family members from outside their household from Monday.
Boris Johnson announced today that meetings can happen either in public spaces or in backyards and other private outdoor spaces, but a two-metre distance must always be kept.
“These changes mean that friends and family can start to meet their loved ones,” he said.
The Prime Minister said that people should not meet others from too many households in succession and to minimise contact “to prevent transmission”.
Today’s changes are not applicable to those in the “clinically extremely vulnerable” category.
The easing of the lockdown comes alongside the already announced re-opening of some schools and businesses next week.
Primary school students in reception, year one and six will return on Monday, while outdoor retail shops and outdoor car showrooms will also open.
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
On 15 June, more non-essential retail shops will open and students in year 10 and 12 will have some contact hours at school.
Johnson warned that some areas could end up in full lockdown again as local coronavirus flare ups inevitably occur.
“I have to warn you in all frankness as we go forward there will be further local outbreaks, so we will monitor what is going on very carefully, we will put on the brakes as require and where necessary we will re-impose measures,” he said.
“We will inevitably not get everything right the first time, but I must ask everyone to remember that it’s the same patience, same hard work and sacrifices from the British people in lockdown that have got us so far and allowed us to make the progress that we had.”
A key part of preventing a return of lockdown will be the NHS track and trace system, which was unveiled today.
Anyone in England with Covid-19 symptoms is now being asked to contact the NHS where they will get a coronavirus test and be asked who they have been in close contact recently.
Close contact is considered as being within two metres of someone for more than 15 minutes without any protective clothing being worn.
If the test comes back positive then everyone who has been in close contact with the infected person will be told to self-isolate for 14 days.
The government will monitor any increases in the rate of Covid-19 infections, with local lockdowns to be potentially enforced.


cityam--2020-05-28--UK coronavirus death toll rises by 377 to 37,837

The UK ’ s coronavirus death toll has risen by 377 to 37,837 , according to figures released today by the Department of Health .
As of 9am this morning , 119,587 tests were carried out or dispatched with 1,887 positive results .
However , the number of people tested was unavailable again , according to the Department of Health .
Read more : London coronavirus cases : How many infections are in your London borough ?
Overall nearly 4m coronavirus tests have been carried out in the UK and 269,127 cases have been confirmed positive .
The UK ’ @ @ @ @ @ @ @ launched at 9am this morning , in a bid to curb the spread of the virus .
Britain abandoned tracing cases in March as community transmission became widespread .
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
Prime Minister Boris Johnson has promised to deliver a “ world class ” system of testing in the UK , tracking cases and tracing individuals who may be infected by contact with a coronavirus carrier .
The government has recruited 25,000 tracers who @ @ @ @ @ @ @ close contact with confirmed cases and ask them to self-isolate .
The tracing app , which has been piloted in the Isle of Wight , is not ready to be deployed nationwide .
Ministers have said compliance will be voluntary at first but fines or sanctions may be introduced if people are not following the guidance .
Johnson said the UK ’ s track-and-trace system “ will be getting steadily better to become a truly world-beating test and trace operation in the course of the next days as we go through June ” @ @ @ @ @ @ @ s adviser Dominic Cummings came under further pressure after Durham Police said he “ might have ” broken lockdown rules .
Cummings drove from his London home to Durham during the height of the lockdown measures , and has faced calls from Tory MPs to resign .
Get the news as it happens by following City A.M. on Twitter .

UK coronavirus death toll rises by 377 to 37,837
The UK’s coronavirus death toll has risen by 377 to 37,837, according to figures released today by the Department of Health.
As of 9am this morning, 119,587 tests were carried out or dispatched with 1,887 positive results. However, the number of people tested was unavailable again, according to the Department of Health.
Overall nearly 4m coronavirus tests have been carried out in the UK and 269,127 cases have been confirmed positive.
The UK’s coronavirus test and trace system was launched at 9am this morning, in a bid to curb the spread of the virus. Britain abandoned tracing cases in March as community transmission became widespread.
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
Prime Minister Boris Johnson has promised to deliver a “world class” system of testing in the UK, tracking cases and tracing individuals who may be infected by contact with a coronavirus carrier.
The government has recruited 25,000 tracers who will contact people who have come into close contact with confirmed cases and ask them to self-isolate. The tracing app, which has been piloted in the Isle of Wight, is not ready to be deployed nationwide.
Ministers have said compliance will be voluntary at first but fines or sanctions may be introduced if people are not following the guidance.
Johnson said the UK’s track-and-trace system “will be getting steadily better to become a truly world-beating test and trace operation in the course of the next days as we go through June”.
Earlier today, the PM’s adviser Dominic Cummings came under further pressure after Durham Police said he “might have” broken lockdown rules.
Cummings drove from his London home to Durham during the height of the lockdown measures, and has faced calls from Tory MPs to resign.
Get the news as it happens by following City A.M. on Twitter.


cityam--2020-05-28--Raab: UK will increase visa rights if China goes ahead with Hong Kong law

Foreign secretary Dominic Raab has told China that the UK will give greater visa rights to British nationals overseas passport holders unless it suspends plans to implement new security laws in Hong Kong .
Under the current legislation , such passport holders , of which there are an estimated 300,000 in the city-state , can stay in the UK for up to six months without a visa .
Read more : UK , US , Australia and Canada hit out against new Hong Kong security legislation However , in a video statement , Raab has warned now Chinese authorities that @ @ @ @ @ @ @ if it goes ahead with its crackdown on the project .
He said : “ If China goes down this path and implements this legislation , we will be required to change the status of BNO passport holders and set in train arrangements which allow them to come to the UK for longer than the current six month period and apply for extendable periods of 12 months to work and study , which itself will provide a pathway to citizenship ” .
“ Deeply concerned at China ’ s proposals for legislation related @ @ @ @ @ @ @ “ If imposed , Dominic Raab and I will explore options for a path to citizenship for BNO passport holders .
“ UK will continue to defend the rights & freedoms of the people of Hong Kong ” .
The comments came after the UK issued a joint statement with the US , Australia and Canada saying that the new Chinese legislation would “ dramatically erode Hong Kong ’ s autonomy ” .
Earlier this afternoon , a letter signed by foreign ministers of the four nations said the new clampdown by China @ @ @ @ @ @ @ , UN-registered Sino-British Joint Declaration ” made when the UK handed Hong Kong back over to China in 1997 .
The new laws , which were passed by China ’ s parliament today , would make it illegal to undermine the authority of the Communist Party of China in Hong Kong .
It will also likely lead to the set up of Chinese security agencies in Hong Kong for the first time .
Hong Kong ’ s pro-democracy activists have labelled the new legislation as an attack on the region ’ s autonomy @ @ @ @ @ @ @ under the control of Beijing .
The legislation is widely seen as a response to last year ’ s extensive protests against the Chinese regime , which in turn sprang from opposition to proposed extradition laws .
Yesterday police in the city-state arrested 300 protestors decrying the new laws .

Raab: UK will increase visa rights if China goes ahead with Hong Kong law
Foreign secretary Dominic Raab has told China that the UK will give greater visa rights to British nationals overseas passport holders unless it suspends plans to implement new security laws in Hong Kong.
Under the current legislation, such passport holders, of which there are an estimated 300,000 in the city-state, can stay in the UK for up to six months without a visa.
However, in a video statement, Raab has warned now Chinese authorities that this would be increased to 12 months if it goes ahead with its crackdown on the project.
He said: “If China goes down this path and implements this legislation, we will be required to change the status of BNO passport holders and set in train arrangements which allow them to come to the UK for longer than the current six month period and apply for extendable periods of 12 months to work and study, which itself will provide a pathway to citizenship”.
Home secretary Priti Patel echoed Raab’s words, tweeting:
“Deeply concerned at China’s proposals for legislation related to national security in Hong Kong.
“If imposed, Dominic Raab and I will explore options for a path to citizenship for BNO passport holders.
“UK will continue to defend the rights & freedoms of the people of Hong Kong”.
The comments came after the UK issued a joint statement with the US, Australia and Canada saying that the new Chinese legislation would “dramatically erode Hong Kong’s autonomy”.
Earlier this afternoon, a letter signed by foreign ministers of the four nations said the new clampdown by China was a breach of “the legally-binding, UN-registered Sino-British Joint Declaration” made when the UK handed Hong Kong back over to China in 1997.
The new laws, which were passed by China’s parliament today, would make it illegal to undermine the authority of the Communist Party of China in Hong Kong.
It will also likely lead to the set up of Chinese security agencies in Hong Kong for the first time.
Hong Kong’s pro-democracy activists have labelled the new legislation as an attack on the region’s autonomy and a move to bring it further under the control of Beijing.
The legislation is widely seen as a response to last year’s extensive protests against the Chinese regime, which in turn sprang from opposition to proposed extradition laws.
Yesterday police in the city-state arrested 300 protestors decrying the new laws.


cityam--2020-05-29--TfL bailout conditions published as rescue row rolls on

Transport for London ( TfL ) has today published the terms and conditions of its £1.6m bailout from the government as the row over the rescue package continued .
In the letter from transport secretary Grant Shapps , TfL was asked to suspend free travel for under 18s and Freedom Pass holders and reinstate the congestion charge in order to guarantee access to the funding .
Read more : Khan and Bailey clash over congestion charge hike In addition , the operator was told to commit to restoring full service on the entire network , other than the night tube @ @ @ @ @ @ @ weeks at the most .
The letter also asked London mayor Sadiq Khan to “ confirm he will increase fares by RPI plus one per cent on all modes from January 2021 as proposed in the TfL business plan ” .
In March , the mayor committed to restricting the fare rise on the tube to the level of inflation , whilst maintaining the freeze on buses .
In addition , it said that an “ additional funding package ” would have to be identified for the Crossrail project when the funding support @ @ @ @ @ @ @ more : Sadiq Khan : London transport fares will increase after £1.6bn TfL bailout Khan said the letter showed that the government was trying to punish Londoners for doing the right thing during the pandemic .
Yesterday he called for free travel for children to be restored , warning that taking it away would hit the capital ’ s poor the hardest and increase the cost for boroughs .
In the letter , the DfT asks for TfL to “ temporarily ” suspend free travel during peak times for Freedom card holders and @ @ @ @ @ @ @ order to “ optimise the use of the available safe transport capacity ” .
This is part of the government ’ s plan to ensure that passenger levels on public transport remain safe for those who have to get to work to do so .
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic .
One of the most contested areas of the bailout has been the decision to raise the congestion charge from £11.50 to £15 from 22 June .
Under @ @ @ @ @ @ @ deal is contingent upon “ the immediate reintroduction of the London Congestion Charge , LEZ and ULEZ and urgently bring forward proposals to widen the scope and levels of these charges , in accordance with the relevant legal powers and decision-making processes ” .
Khan told GMB last week that although the government had insisted on reinstating the charge , it had been TfL ’ s decision to increase it .
Read more : Congestion charge set to rise 30 per cent after TfL bailout The document also shows that the funding was @ @ @ @ @ @ @ active travel ” plan to promote cycling and walking .
It said TfL should make use of “ at least ” £55m to develop cycle lanes , close roads to traffic , and extend pavements .
A spokesperson for the Mayor said : “ The reason the Government didn ’ t want the full document to be published is because it shows in black and white that they are punishing Londoners for doing the right thing during this pandemic .
“ It forces TfL to raise all fares above inflation ; raise the @ @ @ @ @ @ @ over 60s and scrap it completely for under 18s .
Read more : London First : Give more powers to City Hall to fund TfL “ This deal is unfair on Londoners and shows that we are the test-bed for the Government austerity that ’ s to come.
” City AM has contacted the Department for Transport for comment .

TfL bailout conditions published as rescue row rolls on
Transport for London (TfL) has today published the terms and conditions of its £1.6bn bailout from the government as the row over the rescue package continued.
In the letter from transport secretary Grant Shapps, TfL was asked to suspend free travel for under 18s and Freedom Pass holders and reinstate the congestion charge in order to guarantee access to the funding.
In addition, the operator was told to commit to restoring full service on the entire network, other than the night tube and weekend night buses, within four weeks at the most.
The letter also asked London mayor Sadiq Khan to “confirm he will increase fares by RPI plus one per cent on all modes from January 2021 as proposed in the TfL business plan”.
In March, the mayor committed to restricting the fare rise on the tube to the level of inflation, whilst maintaining the freeze on buses.
In addition, it said that an “additional funding package” would have to be identified for the Crossrail project when the funding support period comes to an end.
Khan said the letter showed that the government was trying to punish Londoners for doing the right thing during the pandemic.
Yesterday he called for free travel for children to be restored, warning that taking it away would hit the capital’s poor the hardest and increase the cost for boroughs.
In the letter, the DfT asks for TfL to “temporarily” suspend free travel during peak times for Freedom card holders and at all times for under 18s in order to “optimise the use of the available safe transport capacity”.
This is part of the government’s plan to ensure that passenger levels on public transport remain safe for those who have to get to work to do so.
Listen to our daily City View podcast as we chart the economic fallout and business impact of the coronavirus pandemic.
One of the most contested areas of the bailout has been the decision to raise the congestion charge from £11.50 to £15 from 22 June.
Under section 11, the letter states the deal is contingent upon “the immediate reintroduction of the London Congestion Charge, LEZ and ULEZ and urgently bring forward proposals to widen the scope and levels of these charges, in accordance with the relevant legal powers and decision-making processes”.
Khan told GMB last week that although the government had insisted on reinstating the charge, it had been TfL’s decision to increase it.
The document also shows that the funding was contingent on TfL pushing forward an “active travel” plan to promote cycling and walking.
It said TfL should make use of “at least” £55m to develop cycle lanes, close roads to traffic, and extend pavements.
A spokesperson for the Mayor said: “The reason the Government didn’t want the full document to be published is because it shows in black and white that they are punishing Londoners for doing the right thing during this pandemic.
“It forces TfL to raise all fares above inflation; raise the congestion charge; restrict free travel for over 60s and scrap it completely for under 18s.
“This deal is unfair on Londoners and shows that we are the test-bed for the Government austerity that’s to come.”
A DfT spokesperson said: “We are working constructively with TfL on ways to reduce demand on the network during the Covid-19 crisis, including looking into the option of temporarily suspending free travel for under 18’s.
“We have also published clear advice that urges people to avoid public transport if possible, and announced £2bn in funding to encourage even more people to begin cycling and walking.“


cityam--2020-05-29--Live events sector awaits re-start as uncertainty prevails

‘ Sorry , this event has been postponed – we will let you know when we have a new date confirmed ’ : business event calendars have been decimated by blanket cancellations and re-arrangements over the past 10 weeks .
Uncertainty continues to haunt the events market , particularly for larger gatherings , despite the gradual easing of coronavirus lockdown measures .
The UK ’ s business events sector is a £70bn industry , providing jobs for 700,000 people , according to a 191-page report published earlier this month by industry association the Business Visits & Events Partnership ( BVEP @ @ @ @ @ @ @ prior to coronavirus ’ s impact , says that 2019 business events generated more than £31bn of direct spend ( with leisure events contributing a further £39bn ) .
Industry events have been cancelled completely ( ‘ See you in 2021… ’ ) , re-booked for a later date , or – if scheduled this autumn or beyond – typically remaining resolute in the hope that the situation improves and public health requirements can be satisfied .
Many events professionals are furloughed .
Some of those still working have delivered ‘ virtual ’ @ @ @ @ @ @ @ executed with aplomb .
But the pause button is still pressed on many larger , whizz-bang events ( multi-day business conferences , sizeable dinners , etc ) – calendar dates that are typically fixed years in advance .
Uncertainties range from whether professional events ( and of what size ) constitute ‘ mass gatherings ’ ; how social distancing can be made to work at events whose main selling points include professional networking ; and the proposed quarantining of international travellers ( potential speakers and delegates ) , among many other public health-related @ @ @ @ @ @ @ Event Industry News , says : “ Events are the cornerstone of every industry , fundamentally underpinning them .
Until it ’ s clear what ’ s happening with events – how they can function under social distancing , for example – the country ’ s economic recovery will be held back .
For a decade I don ’ t think governments have recognised the contribution that events bring.
” Parry believes the use of digital solutions necessitated by those who have switched to online conferencing will continue , at least in part @ @ @ @ @ @ @ s likely a lot of the technological innovation we have seen with virtual events will endure , albeit that there ’ s no substitute for meeting people in person when gatherings are able to properly resume , ” he says .
Awards ceremonies are an annual fixture in all sizeable industries ’ calendars and the JW Marriott Grosvenor House London on Park Lane is among the capital ’ s most prestigious venues .
General manager Stuart Bowery tells City AM : “ While our hotel remains temporarily closed we are planning for recovery @ @ @ @ @ @ @ on when the UK hospitality sector may be able to resume events.
” He said that the hotel has moved some events “ to new dates from September onwards ” , and that “ encouragingly , we are also starting to receive new enquiries for events in the autumn ” .
Bowery says : “ We sincerely hope that the new event enquiries and existing event bookings we have from September onwards will be able to take place , in line with social distancing measures and government guidelines .
Over the coming weeks @ @ @ @ @ @ @ recovery timings and measures for the UK hospitality sector in order that we and our clients can look ahead with hope and optimism ” .
“ So much more than just the speeches ” In politics , the Labour Party announced that it has postponed its annual conference ( originally scheduled for September ) while the Liberal Democrats plan to organise an online event to replace their own autumnal tribal gathering .
In contrast , the Conservatives say that preparation for their conference in Birmingham from 4-7 October is ‘ continuing ’ , @ @ @ @ @ @ @ ‘ will keep this under review.
’ Rob Ellis , who as director of political engagement at Dods has organised client events for many years at party conferences , says : “ Party conference season is so much more than just the speeches .
It ’ s the fringes , the unofficial meetings in corners , the gossip in the bars .
I simply can ’ t see how you replicate that with a virtual event.
” All this adds up to a frustrating time for events professionals .
“ Coronavirus and the @ @ @ @ @ @ @ of just what an important part events of all types play in our lives , ” BVEP chair Simon Hughes tells City AM .
“ Creating confidence through creative and innovative new approaches has already started and will help the whole event industry maintain its current value to UK plc in the long term .
It ’ s going to be challenging , but with great collaboration with our clients , we will get there .
”

What is City Talk? City Talk allows marketers to connect directly with our audience by publishing content on cityam.com
Live events sector awaits re-start as uncertainty prevails
‘Sorry, this event has been postponed – we will let you know when we have a new date confirmed’: business event calendars have been decimated by blanket cancellations and re-arrangements over the past 10 weeks.
Uncertainty continues to haunt the events market, particularly for larger gatherings, despite the gradual easing of coronavirus lockdown measures.
The UK’s business events sector is a £70bn industry, providing jobs for 700,000 people, according to a 191-page report published earlier this month by industry association the Business Visits & Events Partnership (BVEP). The BVEP report, compiled prior to coronavirus’s impact, says that 2019 business events generated more than £31bn of direct spend (with leisure events contributing a further £39bn).
“Cornerstone of every industry”
Industry events have been cancelled completely (‘See you in 2021…’), re-booked for a later date, or – if scheduled this autumn or beyond – typically remaining resolute in the hope that the situation improves and public health requirements can be satisfied.
Many events professionals are furloughed. Some of those still working have delivered ‘virtual’ (online) gatherings, with many executed with aplomb. But the pause button is still pressed on many larger, whizz-bang events (multi-day business conferences, sizeable dinners, etc) – calendar dates that are typically fixed years in advance.
Uncertainties range from whether professional events (and of what size) constitute ‘mass gatherings’; how social distancing can be made to work at events whose main selling points include professional networking; and the proposed quarantining of international travellers (potential speakers and delegates), among many other public health-related factors.
Adam Parry, editor of Event Industry News, says: “Events are the cornerstone of every industry, fundamentally underpinning them. Until it’s clear what’s happening with events – how they can function under social distancing, for example – the country’s economic recovery will be held back. For a decade I don’t think governments have recognised the contribution that events bring.”
Parry believes the use of digital solutions necessitated by those who have switched to online conferencing will continue, at least in part. “After the crisis it’s likely a lot of the technological innovation we have seen with virtual events will endure, albeit that there’s no substitute for meeting people in person when gatherings are able to properly resume,” he says.
“Planning for recovery”
Awards ceremonies are an annual fixture in all sizeable industries’ calendars and the JW Marriott Grosvenor House London on Park Lane is among the capital’s most prestigious venues. General manager Stuart Bowery tells City AM: “While our hotel remains temporarily closed we are planning for recovery and are keenly awaiting clear government guidance on when the UK hospitality sector may be able to resume events.”
He said that the hotel has moved some events “to new dates from September onwards”, and that “encouragingly, we are also starting to receive new enquiries for events in the autumn”.
Bowery says: “We sincerely hope that the new event enquiries and existing event bookings we have from September onwards will be able to take place, in line with social distancing measures and government guidelines. Over the coming weeks we look forward to more clarity on recovery timings and measures for the UK hospitality sector in order that we and our clients can look ahead with hope and optimism”.
“So much more than just the speeches”
In politics, the Labour Party announced that it has postponed its annual conference (originally scheduled for September) while the Liberal Democrats plan to organise an online event to replace their own autumnal tribal gathering.
In contrast, the Conservatives say that preparation for their conference in Birmingham from 4-7 October is ‘continuing’, albeit with the caveat that the party ‘will keep this under review.’
Rob Ellis, who as director of political engagement at Dods has organised client events for many years at party conferences, says: “Party conference season is so much more than just the speeches. It’s the fringes, the unofficial meetings in corners, the gossip in the bars. I simply can’t see how you replicate that with a virtual event.”
All this adds up to a frustrating time for events professionals.
“Coronavirus and the chaos it has caused has reminded everyone of just what an important part events of all types play in our lives,” BVEP chair Simon Hughes tells City AM. “Creating confidence through creative and innovative new approaches has already started and will help the whole event industry maintain its current value to UK plc in the long term. It’s going to be challenging, but with great collaboration with our clients, we will get there.”


cityam--2020-05-29--Twitter flags Trump tweet for ‘glorifying violence’ as row escalates

Twitter today said that one of Donald Trump ’ s tweets had broken its rules about “ glorifying violence ” , marking the latest salvo in an escalating feud between social media firms and the US president .
“ These THUGS are dishonoring the memory of George Floyd , and I won ’ t let that happen , ” Trump tweeted , in reference to protests over the death of an unarmed black man in police custody in Minneapolis .
“ Just spoke to Governor Tim Walz and told him that the Military is with him all the way .
@ @ @ @ @ @ @ but , when the looting starts , the shooting starts .
Thank you !
” Twitter placed a public interest notice on the tweet , saying it violated the social media platform ’ s policy on glorifying violence .
The microblogging site said its decision was based on the “ historical context of the last line , its connection to violence , and the risk it could inspire similar actions today ” .
“ We ’ ve taken action in the interest of preventing others from being inspired to commit violent acts , @ @ @ @ @ @ @ because it is important that the public still be able to see the Tweet given its relevance to ongoing matters of public importance , ” the company wrote .
The notice means that engagement with the post is limited .
Users will be able to retweet with comment , but not like , reply or retweet the post .
But in a tweet this morning Trump doubled down on his position .
“ Twitter is doing nothing about all of the lies & propaganda being put out by China or the Radical Left @ @ @ @ @ @ @ , Conservatives & the President of the United States , ” he wrote .
“ Section 230 should be revoked by Congress .
Until then , it will be regulated !
” The move marks an escalation in tensions between social media firms and Trump , who posts frequently on Twitter .
The president yesterday signed an executive order designed to weaken the legal protections surrounding social media companies .
The measure would allow regulators to take legal action against platforms over the way they police their users ’ content .
However , @ @ @ @ @ @ @ unlikely to stand up to scrutiny .
The row began earlier this week when Twitter attached a fact check warning to one of Trump ’ s tweets for the first time under a new policy to prevent the spread of misinformation .

Twitter flags Trump tweet for ‘glorifying violence’ as row escalates
Twitter today said that one of Donald Trump’s tweets had broken its rules about “glorifying violence”, marking the latest salvo in an escalating feud between social media firms and the US president.
“These THUGS are dishonoring the memory of George Floyd, and I won’t let that happen,” Trump tweeted, in reference to protests over the death of an unarmed black man in police custody in Minneapolis.
“Just spoke to Governor Tim Walz and told him that the Military is with him all the way. Any difficulty and we will assume control but, when the looting starts, the shooting starts. Thank you!”
Twitter placed a public interest notice on the tweet, saying it violated the social media platform’s policy on glorifying violence.
Later it also did the same to a tweet using the same words that was sent from the White House account.
The microblogging site said its decision was based on the “historical context of the last line, its connection to violence, and the risk it could inspire similar actions today”.
“We’ve taken action in the interest of preventing others from being inspired to commit violent acts, but have kept the Tweet on Twitter because it is important that the public still be able to see the Tweet given its relevance to ongoing matters of public importance,” the company wrote.
https://twitter.com/realDonaldTrump/status/1266231100780744704
The notice means that engagement with the post is limited. Users will be able to retweet with comment, but not like, reply or retweet the post.
But in a tweet this morning Trump doubled down on his position.
“Twitter is doing nothing about all of the lies & propaganda being put out by China or the Radical Left Democrat Party. They have targeted Republicans, Conservatives & the President of the United States,” he wrote.
“Section 230 should be revoked by Congress. Until then, it will be regulated!”
https://twitter.com/realDonaldTrump/status/1266326065833824257?s=20
An hour later Trump continued his attack on the platform, tweeting: “What about all of the lies and fraudulent statements made by Adam Schiff, and so many others, on the Russian Witch Hunt Plus, Plus, Plus?
“What about China’s propaganda? WHO’s mistakes? No flags?”
The rant continued with further calls to repeal section 230, before concluding with the single word “China”.
https://twitter.com/realDonaldTrump/status/1266354084036194306?s=20
The move marks an escalation in tensions between social media firms and Trump, who posts frequently on Twitter.
The president yesterday signed an executive order designed to weaken the legal protections surrounding social media companies.
The measure would allow regulators to take legal action against platforms over the way they police their users’ content. However, legal experts have said the challenge is unlikely to stand up to scrutiny.
The row began earlier this week when Twitter attached a fact check warning to one of Trump’s tweets for the first time under a new policy to prevent the spread of misinformation.