Fidelity Top Stories
Covid-19: UK self-employed to receive 80% of salary
Self-employed workers hit by the coronavirus crisis will receive a government grant worth 80% of earnings under a new scheme unveiled on Thursday, but would have to wait until June to get the cash, Finance Minister Rishi Sunak said on Thursday.
BoE keeps door open to further increase in asset purchases
Rate-setters at the Old Lady of Threadneedle Street warned on Thursday that a "sharp" contraction in economic activity around the globe was likely, alongside a "rapid" rise in unemployment across many economies.
US pre-open: Stocks set to dip following surge in weekly jobless claims
Shares on Wall Street are being called to start the session slightly lower following the release of jobless claims figure that brought the worsening conditions in the US economy and jobs market into stark relief.
UK banks warned against profiteering during Covid-19 crisis
UK banks were formally warned not to take advantage of the coronavirus crisis as they were accused in parliament of profiteering.
'We're not going to run out of ammunition', Fed's Powell says
Federal Reserve President, Jerome Powell, told US broadcaster NBC that the central bank is not going to "run out of ammunition".
FCA gives firms 2 month extension to file results
Britain's financial regulator gave listed companies an extra two months to file results to properly gauge the impact of the Covid-19 pandemic.