Fidelity Top Stories
China moves to stem Covid-19 outbreak in Beijing
Authorities in the Chinese capital ordered all schools to close again in a bid to stem an outbreak which could, potentially, jeopardise efforts nationwide to reopen the economy.
Fed's Powell remains confident on 'full' economic recovery, given time
The head of the US central bank sounded a confident note on the outlook for a "full" recovery in the US economy over the long-term but conceded that uncertainty remained very high and that such a rebound would take time.
US May retail sales leave forecasts in the dust
Investors hoping for a stronger-than-expected reading on monthly retail sales on Tuesday weren't disappointed.
Oxford study shows 'significant' reduction in Covid-19 deaths with cheap treatment
A cheap and widely available steroid treatment has proven effective in reducing the mortality rate among the most severely ill Covid-19 patients.
EU launches twin competition probe into Apple
The European Commission has launched two separate antitrust investigations into US tech giant Apple, Brussels announced on Tuesday.
Investor sentiment continues to improve in Germany - survey
German investor sentiment rose in June, on hopes that the country’s economic slump will have troughed by the end of summer, a closely-followed survey showed on Tuesday.
Lufthansa seeks urgent deal with unions on 22,000 job cuts
German flag carrier Lufthansa said it was looking to reach a deal with unions by next week on how to cut 22,000 full time jobs in response to the impact of the coronavirus pandemic.
Demand for oil to fall at record rate in 2020 - IEA
Global demand for oil is set to fall at the fastest rate in history this year, a closely-watched industry report has predicted, before rebounding in 2021.
Ashtead maintains dividend as Q4 profits halve
Construction equipment hire firm Ashtead saw fourth quarter profits halve but paid a dividend despite the impact of the coronavirus pandemic.
EasyJet to take delivery of deferred Airbus planes in 2025-27
Budget airline easyJet said it would take delivery of 24 Airbus planes between 2025 and 2027 after deferring the order to save cash during the coronavirus crisis.
Telecom Plus hikes dividend as it fends off Covid-19 imact
Multi-utility services provider Telecom Plus lifted its dividend and full year profits as it said the coronavirus crisis was having a limited impact on its business.