LONDON (Reuters) - Britain’s Financial Conduct Authority said on Thursday it has fined Lloyds Bank (LLOY.L) 64 million pounds ($81.26 million) for failures in handling mortgage arrears. Lloyds and its Bank of Scotland and The Mortgage Business units have estimated that they will have paid approximately 300 million pounds in...
MOSCOW (Reuters) - Russia on Thursday rolled out a drug approved to treat patients suffering from the novel coronavirus, its state financial backer said, as the number of infections there surpassed half a million. The first deliveries of the new antiviral drug, registered under the name Avifavir, were made to...
(Reuters) Here’s what you need to know about the coronavirus right now: Most infectious at the start Studies show people with the coronavirus are most infectious just at the point when they first begin to feel unwell, World Health Organization (WHO) experts said on Tuesday. Dr. Mike Ryan, WHO’s top emergencies expert, said...
DUBAI, June 1 (Reuters) - Emirates' outgoing President Tim Clark on Monday said it could take the state carrier up to four years to resume flying to its entire network that has been decimated by the coronavirus pandemic. The Dubai-based airline, which flew to 157 destinations in 83 countries before...
By Pete Schroeder WASHINGTON, June 1 (Reuters) - U.S. financial regulators, banks and their investors will get their first glimpse into the health of the nation's banking system as it confronts soaring corporate and consumer defaults in the economic crisis sparked by the novel coronavirus. And no-one, including the U.S. Federal...
By David Lawder WASHINGTON, June 1 (Reuters) - U.S. President Donald Trump has little choice but to stick with his Phase 1 China trade deal despite his anger at Beijing over the coronavirus pandemic, new Hong Kong security rules, and dwindling hopes China can meet U.S. goods purchase targets, people...
By Josh Horwitz SHANGHAI, May 22 (Reuters) - The latest U.S. government action against China's Huawei takes direct aim at the company's HiSilicon chip division -- a business that in a few short years has become central to China's ambitions in semiconductor technology but will now lose access to tools...
By Ludwig Burger May 22 (Reuters) - Oxford University and AstraZeneca are recruiting around 10,000 adults and children in Britain for trials of an experimental coronavirus vaccine, a day after receiving U.S. backing worth up to $1.2 billion. Institutions across Britain had begun enrolling up to 10,260 adults and children to...
By Olesya Astakhova MOSCOW, May 20 (Reuters) - Russia's oil and gas condensate production fell to 9.42 million barrels per day (bpd) during May 1 to 19 as a global deal on reducing output took effect, two sources familiar with the data told Reuters. The deal on curbing crude output reached...
By Sam Nussey TOKYO, May 18 (Reuters) - Japan's SoftBank Group Corp reported a stunning $18 billion loss at its giant Vision Fund, pushing Masayoshi Son's conglomerate to a record loss and highlighting the deepening crisis at its portfolio companies from the global downturn. The disastrous 1.9 trillion yen ($18 billion)...