Fidelity Top Stories
US core CPI falls more sharply than expected in April
The cost of living in the US fell more quickly than expected last month, amid sharp drops in the price of energy, apparel and transportation services.
Elon Musk to reopen California Tesla plant despite lockdown restrictions
Tesla chief Elon Musk announced late on Monday plans to reopen its factory in California in defiance of local health orders to shut down unnecessary business in order to prevent the spread of the coronavirus.
Majority of Covid-19 cases with slight symptoms generate immune response, study shows
The majority of people infected with the novel coronavirus generate an effective immune response for the "following months", US researchers believe.
UK's Johnson under fire over lockdown easing plan 'chaos'
The UK government's plan to ease coronavirus lockdown restrictions faced criticism on several fronts on Monday as ministers scrambled to clarify measures outlined by the prime minister in his televised Sunday address to the nation.
Spanish economy minister calls for common EU response to airline crisis
Spain's economy minister called for a common European Union effort to prop up the struggling airline sector with the aim of maintaining a 'level playing field'.
Credit Suisse sees IAG emerging from Covid-19 crisis stronger than rivals
Analysts at Credit Suisse slashed their target price for shares of IAG from 463. 0p to 370. 0p but kept their recommendation at 'outperform'.
Initial weekly US jobless claims surge again
The US jobs market continued to deteriorate at a frenetic pace over the latest reference week, although a smidgen less quickly than forecast.
EU proposes independent probe into Covid-19 origin
The European Union is planning on proposing a mechanism to draw lessons from the coronavirus pandemic at the next meeting of the World Health Organization, including an independent probe into its origins.
IAG warns tough measures lie ahead with no recovery until 2023
British Airways owner IAG warned tough measures were on the way to combat the impact of the coronavirus pandemic as it warned passenger demand could take three years to recover.
Heathrow to start Covid-19 detection trials
Heathrow airport is set to kick off trials for technology aimed to screen passengers and workers at airports to detect Covid-19 and prevent its further transmission.
Euro area economy shrank at record pace in April, PMIs show
Economic activity fell at a record pace across the euro area last month, the results of a closely followed survey demonstrated.
Ocado retail revenue soars 40% in Covid-19 lockdown
Online supermarket company Ocado reported a hefty 40. 4% rise in second quarter retail revenue as Britons had food supplies delivered during the coronavirus lockdown, but pulled full year guidance due to an uncertain economic outlook.
Direct Line sees £44m hit from Covid-19 travel claims
Insurer Direct Line said it expected to take a gross hit of £44m, or £25m net, in travel claims from the impact of the coronavirus pandemic, offset by a 70% fall in motor claims as people made fewer car journeys.
Virgin Money makes £232m charge for Covid-19 bad loans
UK lender Virgin Money swung to a first-half loss as it made a £232m bad loans provision due to the coronavirus crisis.
Trust in governments surges during pandemic alongside health fears
People are less concerned about the economy and more about people’s wellbeing and have put their faith in governments around the world to get them through the coronavirus pandemic.
Europe close: Stocks recover after midday wobble as ECB reiterates goals
Stocks across the Continent finished higher despite a ruling from Germany's highest court that called into question some aspects of the European Central Bank's main bond purchase programme, the so-called Public Sector Purchase Programme.
German court says some aspects of ECB bond buying programme are 'unconstitutional'
Germany's top Constitutional Court called into question the "proportionality" of the European Central Bank's main bond purchase programme, the so-called Public Sector Purchase Programme, but did not call into question the basic outline of the monetary authority's strategy.
Sharp drop in US services PMI for April points to 6% fall in GDP
Services sector activity in the States declined at a pace consistent with a six a per cent drop in gross domestic product.
Amazon VP quits in anger over employee sackings
The spotlight on Amazon's treatment of its workers intensified on Tuesday as a senior vice-president quit over the sacking of staff who criticised conditions at retail giant's warehouses during the coronavirus pandemic.
Carnival extends Australia/NZ cruise suspension to Aug 31
Carnival said it had extended the suspension of its P&O Cruises operations in Australia and New Zealand to August 31, in response to continuing travel restrictions due to the impact of Covid-19.