Fidelity Top Stories
CityFibre to create 11,000 jobs in broadband rollout push
CityFibre, the Goldman Sachs-backed broadband infrastructure provider said it was creating 10,000 new jobs as it looked to deliver full-fibre broadband across Britain by 2025.
Heathrow airport to axe more jobs as quarantine hits demand
Britain's Heathrow Airport said it was axing more staff as demand slumped in May and said the outlook for air travel would remain "grim" after the government imposed a 14-day quarantine on arriving passengers.
US Treasury's Mnuchin backs calls for fourth stimulus package
US Treasury Secretary backed calls for further fiscal stimulus which he credited with having already saved at least 50m jobs.
DIW says German GDP may drop by over 9% in 2020
The euro area's largest economy may be set for an even sharper contraction than was already feared if the latest forecasts from research institute DIW are anything to go by.
UK inequality gap to widen unless government acts - IFS
The inequality gap in the UK is set to widen unless the government decides to act and tackles these differences among the general public said the Institute of Fiscal Studies.
Federal Reserve digs in for prolonged recovery
The US Federal Reserve expects the labour market recovery from the Covid-19 pandemic to be a very drawn out process, requiring an equally prolonged period of low interest rates.
BioNTech to get 100m euro to support Covid-19 vaccine programme
BioNTech has inked a €100m euro financing deal with the European Investment Bank to support its Covid-19 vaccine programme, BNT162, and in order to ramp up its production capabilities.
Eli Lilly Covid-19 treatments may be ready by September
Two antibody therapies for Covid-19 from Eli Lilly now undergoing testing may be authorised for use as soon as September - if all goes well.
Ocado seeks £1bn to exploit online grocery boom sparked by Covid-19
Online retailer Ocado said it was raising £1bn as it sought to exploit the rapid change in internet grocery shopping habits sparked by the coronavirus crisis.