Fidelity Top Stories
Weekly US jobless count dips, some economists say claims are 'bottoming'
Firings in the US only dipped a little last week but the figures most closely linked to hiring did show some improvement.
China expands coal use to boost economic growth
China is approving plans for new coal power plant capacity at the fastest rate since 2015 in an attempt to boost the economy amid the pandemic crisis.
Royal Mail to axe 2,000 managers in bid to cut costs
Royal Mail said it would cut 2,000 manager jobs in a bid to save £130m amid the coronavirus crisis as full year profits slumped by a quarter.
Washington claims Huawei and Hikvision backed by Chinese military
The Trump administration determined that top Chinese firms, including Huawei Technologies and Hikvision are owned or controlled by the Chinese military forces, reported Reuters on Thursday.
Auto Trader scraps dividend as platform visits rise after reopenings
Auto Trader scrapped its final dividend as it said cross platform visits had risen 28% year on year in the first three weeks of June as coronavirus lockdowns eased.
EasyJet raises £419m to guard against more disruption
EasyJet has raised £419m from investors to strengthen its balance sheet against the potential costs of further disruption from Covid-19.