Fidelity Top Stories
BoE's Bailey says QE should be reversed before rate rises
The Bank of England should start reversing quantitative easing before raising interest rates on a sustained basis, its governor said on Monday, signalling a change in policy direction.
Antibody levels of Covid-19 patients decline quickly, small study shows
Levels of antibodies in people who have suffered Covid-19 reportedly falls sharply in the two to three months following their infection, a study showed, although the implications for patient immunity were unclear.
Gilead Sciences to test inhaled version of Covid-19 treatment, Remdesivir
US biotechnology giant Gilead Sciences will start testing an inhaled version of its treatment for Covid-19, Remdesivir, in August.
German judge, finance minister see scope to resolve dispute between Constitutional Court and ECB
An incoming new judge to Germany's Constitutional Court signalled optimism that the dispute with the European Central Bank over the latter's bond buying programme could be resolved.
UK manufacturing sector endures worst quarter on record - CBI
Britain's manufacturing sector suffered its worst quarter since 1975 in the wake of the Covid-19 pandemic and subsequent lockdown as factories shut and global demand collapsed.
France to cut shortest-haul air routes in favour of rail
'Normality' in short-haul travel in the euro area's second-largest economy will be redefined as a result of the Covid-19 pandemic.
China to complete independent GPS system Beidou
China is prepared to send the final satellite to space that will complete its own global navigation network Beidou and will allow it to rely less on US tech.
Cineworld agrees $250m debt facility with private investors
Cineworld said it had secured a new $250m debt facility to bolster its balance sheet as cinemas started to re-open around the world after Covid-19 lockdowns.