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UK COVID-19 death toll nears 43,000: official data

LONDON (Reuters) – The United Kingdom’s COVID-19 official death toll has reached nearly 43,000, underlining the country’s status as the worst-hit in Europe and raising more questions about Prime Minister Boris Johnson’s handling of the crisis. New official fig... More »

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Trading spike helps Julius Baer beat forecasts in January to April

ZURICH (Reuters) – A spike in trading volumes boosted margins for wealth manager Julius Baer (BAER.S) in the first four months of the year, even though markets slid and a strong Swiss franc ate into assets under management. Baer attributed a 16% rise in gross ... More »

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Oil gains for fourth day on signs of output cuts, better demand

TOKYO (Reuters) – Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing out of curbs imposed to counter the coronavirus pandemic. Brent crude c... More »

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Rowing: Row me to the moon, let me scull among the stars

WELLINGTON (Reuters) – Rowers from New Zealand, Australia, Canada and Britain whose training on the water has been restricted due to the novel coronavirus pandemic have been challenged to help their countries row to the moon. Or at least the distance from the ... More »

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Button shocked Vettel will not be at Ferrari next season

(Reuters) – Former world champion Jenson Button says he is shocked Sebastian Vettel will not drive for Ferrari next season and that it would be “madness” if the team had pushed him out. Ferrari said last week that four-times world champion Vettel would leave t... More »

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How sewer science could ease testing pressure and track COVID-19

LONDON (Reuters) – The science of sewage surveillance could be deployed in countries across the world to help monitor the spread of national epidemics of COVID-19 while reducing the need for mass testing, scientists say. Experts in the field – known as wastewa... More »

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UK GDP shrinks by record 5.8% in March, harder COVID hit ahead

LONDON (Reuters) – Britain’s economy shrank by a record 5.8% in March as the coronavirus crisis escalated and the government shut down much of the country, according to official data that point towards an even bigger hit to come. The monthly drop in gross dome... More »

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TUI to cut jobs and costs as it prepares for July holiday restart

LONDON (Reuters) – Travel group TUI (TUIGn.DE) will cut 8,000 jobs and look to shed 30% of its costs as it gears up for a July restart to European tourism, the German company said on Wednesday. Holiday plans have been put on hold in the face of travel restrict... More »

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Defensives, upbeat earnings lift European shares

(Reuters) – European shares edged higher on Tuesday following a clutch of upbeat quarterly earnings reports, but investors remained cautious of a resurgence in new coronavirus cases as hard-hit economies lift lockdowns. The pan-European STOXX 600 index rose 0.... More »

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UK should extend part of furlough scheme to end of year: think tank

LONDON (Reuters) – Britain’s government should extend a costly job support programme until the end of the year for retail and hospitality workers hit hardest by the coronavirus, a think tank said on Tuesday, ahead of an expected government announcement. The Re... More »

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Oil prices climb as Saudi Arabia commits to deeper production cuts

MELBOURNE/SINGAPORE (Reuters) – Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June in a bid to help drain the glut in the global market that has built up as the coronavirus pandemic crushed fuel... More »

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Hyatt to lay off 1,300 employees as pandemic cripples travel

(Reuters) – Hyatt Hotels Corp (H.N) said late Monday it would lay off 1,300 people globally as it tries to cope with the coronavirus crisis, which has virtually halted global travel by keeping people indoors. Hyatt said it had also cut pay for senior managemen... More »

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Opera star sings Britain’s VE Day hits from an empty Albert Hall

LONDON (Reuters) – Welsh mezzo-soprano Katherine Jenkins will stream a concert from an empty Royal Albert Hall on Friday evening, as locked-down Britain marks the 75th anniversary of “Victory in Europe” Day. Millions of people held a two-minute silence while m... More »

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Australia backs BP’s study to produce hydrogen from wind, solar

MELBOURNE (Reuters) – BP Plc has won Australian government backing for a feasibility study into producing hydrogen using wind and solar power to split water and converting the hydrogen to ammonia in Western Australia. The Australian Renewable Energy Agency sai... More »

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A British nurse is the chosen superhero in new Banksy artwork

LONDON (Reuters) – A young boy chooses a nurse as the superhero he wants to play with over Batman and Spiderman in a new artwork by Banksy that encapsulates the gratitude Britons have felt toward the country’s National Health Service during the coronavirus cri... More »

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Soccer: Will the player of the future be ‘plant-based’?

MANCHESTER, England (Reuters) – The days of English football’s once notorious drinking culture are long gone and few professionals would now list the once obligatory ‘steak and chips’ as their favourite meal but things are moving to a different level entirely ... More »

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Masked and standing apart, the world creeps out of lockdown

ROME/WASHINGTON (Reuters) – Italy and the United States were among a slew of countries easing lockdown restrictions on Monday to resurrect economies, but officials cautioned against moving too swiftly as global deaths from the coronavirus neared a quarter of a... More »

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Banks baffle investors as art meets science in accounting rule

LONDON (Reuters) – Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world’s top banks are calculating their potential losses also differs widely, with puzzling outcomes for investors. These discrepancies are roote... More »

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Coronavirus pushes oil majors to biggest output cuts in 17 years

LONDON (Reuters) – Oil and gas output from some of the world’s top oil companies is set to drop by over 12% in the second quarter of 2020 to levels not seen in at least 17 years, according to Reuters calculations. The output cuts are driven by an unprecedented... More »

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U.S. steers clear as global COVID-19 pledging conference begins

BRUSSELS (Reuters) – World leaders launched a pledging “marathon” on Monday – without the United States – to raise at least $8 billion for research into a possible vaccine and treatments for the coronavirus. Organisers included the European Union, non-EU state... More »

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SailGP reschedules second season to 2021 due to coronavirus

(Reuters) – SailGP’s four remaining second season races have been rescheduled to next year due to the COVID-19 pandemic and results from the first race have been declared null and void, the sailing championship said on Monday. The championship was suspended af... More »

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Norwegian Air gets $1 billion rescue after financial cliffhanger

OSLO (Reuters) – Norwegian Air (NWC.OL) shareholders backed its financial survival plan on Monday, with more than 95% of votes cast supporting the conversion of nearly $1 billion of debt into equity and raising more cash from its owners. The approval follows w... More »

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ITV cancels 2020 Love Island due to COVID-19 in blow for ad revenues

LONDON (Reuters) – Britain’s ITV said its popular dating show Love Island would be cancelled this year because of the coronavirus pandemic and there would not be a new series until 2021, in a big setback for the broadcaster’s advertising revenues. ITV said in ... More »

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FINA postpones 2021 Fukuoka world championships to May 2022

TOKYO (Reuters) – Swimming’s world governing body FINA rescheduled the 2021 Fukuoka aquatics world championships to May 2022 on Monday to avoid a clash with the postponed Tokyo Olympics. The new dates for the swimming event in the Japanese city are May 13-29, ... More »

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Locked down UK comedians aim for record with virtual pub quiz

(Reuters) – Some of Britain’s top comedians are joining forces to raise money for pubs shut down by the coronavirus, by hosting an online virtual pub quiz with a plan to set a new world record. Russell Howard, Nish Kumar, Jon Richardson, Joel Dommett, Marcus B... More »

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A piece of the moon for sale: just $2.5 million

LONDON (Reuters) – One of the world’s largest lunar meteorites goes on private sale at Christie’s on Thursday, valued at 2 million pounds ($2.49 million). The moon rock, weighing over 13.5 kg, was probably struck off the surface of the moon by a collision with... More »

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Bus-stop art gallery lifts spirits in lockdown London

LONDON (Reuters) – A London bus stop has been transformed into a children’s art gallery by a local resident who wanted to brighten the drudgery of lockdown life, creating a colourful community hub amid the anxiety and isolation of the COVID-19 pandemic. A hand... More »

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Back at work, British PM Johnson faces lockdown Catch-22

LONDON (Reuters) – Prime Minister Boris Johnson returns to work on Monday to the biggest dilemma of his premiership: how to lift the coronavirus lockdown that is destroying swathes of the British economy without triggering a deadly second wave of the outbreak.... More »

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UK airlines want coronavirus wage support scheme extended beyond June

LONDON (Reuters) – Britain’s airlines want the government’s coronavirus wage support scheme to be extended beyond June, maintaining the assistance for longer with a only slow recovery in air travel expected. Airlines UK, the industry’s representative body, wro... More »

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Novacyt signs coronavirus test supply contract with UK government

PARIS (Reuters) – Healthcare and clinical diagnostics company Novacyt has signed a supply contract with the UK’s Department of Health & Social Care (DHSC) for its product aimed at testing for the presence of the coronavirus, the company said on Monday. Under t... More »

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NMC Health to delist from London Stock Exchange

(Reuters) – Troubled hospital operator NMC Health (NMC.L) on Monday said it requested London Stock Exchange to delist its shares after they remained suspended for two months. The UAE-based company was placed into administration earlier this month, on the appli... More »

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Holiday Inn-owner taps Bank of England loans as room revenue sinks

(Reuters) – Holiday Inn-owner InterContinental Hotels (IHG.L) said on Monday it had raised 600 million pounds ($747 million) from Bank of England loans under the government’s coronavirus aid scheme as it estimated a 25% plunge in global revenue per available r... More »

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Oil prices skid on oversupply, storage capacity fears

SINGAPORE (Reuters) – Oil prices fell on Monday on signs that worldwide oil storage is filling rapidly, raising concerns that production cuts will not come fast enough to fully offset the collapse in demand from the coronavirus pandemic. U.S. oil futures led l... More »

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A battle far from over: Five questions for the ECB

LONDON (Reuters) – The European Central Bank meets on Thursday, the ink barely dry on its emergency bond-buying scheme, and markets are already asking what more it will do to help the euro zone economy through the coronavirus crisis. Its emergency stimulus, wh... More »

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Nadal pessimistic over chances of return to normal for tennis

(Reuters) – Rafa Nadal has said he is very pessimistic about the possibility of tennis returning to normal any time soon because of the new coronavirus pandemic that shut down the sport last month. Professional tennis has been suspended until the end of July, ... More »

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Allison thanks Mercedes for their ‘gamble’ on a grieving man

LONDON (Reuters) – Mercedes technical director James Allison spoke on Sunday of his gratitude to the Formula One world champions and team boss Toto Wolff for their ‘gamble’ on a grieving man four years ago. The Briton said he had been “something of a wreck” af... More »

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Tough for Murray to win another Slam, says Rusedski

LONDON (Reuters) – The extended lockdown of tennis will help Andy Murray’s return from injury but it will be “a big ask” for him to add to his three Grand Slam titles, according to former British number one Greg Rusedski. Murray underwent hip re-surfacing surg... More »

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Shopping robots come into their own in locked-down English town

MILTON KEYNES, England (Reuters) – A fleet of robots on wheels that deliver shopping in the English town of Milton Keynes have seen their popularity surge as residents are stuck indoors due to the coronavirus lockdown. The robots, which come up roughly to an a... More »

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UK employment growth slowed in March as COVID began to hit: ONS

LONDON (Reuters) – The number of people in jobs in Britain grew more slowly in March than in February, official figures showed on Tuesday in an early sign of the impact of the coronavirus shutdown which is expected to hammer the jobs market. Growth in the numb... More »

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European shares tumble on oil crash, dour earnings

(Reuters) – European stocks fell on Tuesday as the double whammy from a crash in U.S. crude to minus $40 per barrel and dismal first-quarter earnings reports spooked investors about the lasting damage to the global economy from the coronavirus pandemic. BP Plc... More »

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Remember the 1980s glut: Ex-BP boss Browne warns oil will stay low

LONDON (Reuters) – The oil price will stay low for some time as supply exceeds demand and the current situation on global oil markets is reminiscent of the 1980s oil glut, former BP boss John Browne said on Tuesday. “The prices will be very low and I think the... More »

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Rift opens over European coronavirus contact tracing apps

BERLIN (Reuters) – A rift has opened up over the design of smartphone apps to trace people in Europe at risk of coronavirus infection, potentially hindering efforts to curb the pandemic and ease crippling travel restrictions. Scientists and researchers from mo... More »

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Actor Idris Elba launches U.N. coronavirus fund for poor farmers

BARCELONA (Thomson Reuters Foundation) – British actor and filmmaker Idris Elba launched a new United Nations fund on Monday to help farmers in poorer nations, calling on richer economies to provide aid to prevent “needless hunger and suffering” stemming from ... More »

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Bathroom Banksy: Street-artist stays home for new lockdown work

LONDON (Reuters) – Street-artist Banksy has followed official advice to stay at home during the coronavirus crisis by creating a new artwork in his bathroom that shows his trademark stencilled rats running amok around the sink and toilet. The elusive artist po... More »

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Scientists enthralled by biggest star explosion ever observed

WASHINGTON (Reuters) – Scientists have observed the biggest supernova – stellar explosion – ever detected, the violent death of a huge star up to 100 times more massive than our sun in a faraway galaxy. The supernova, releasing twice as much energy as any othe... More »

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On this day: Died April 14, 2001: Jim Baxter, Scottish footballer

(Reuters) – The Scottish footballer Jim Baxter, who died of cancer at the age of 61 on April 14, 2001, is remembered as one of the greatest talents never to have featured in a World Cup. Had the Glasgow Rangers wing-half performed on the greatest stage or foll... More »

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British great Stirling Moss dies at 90 after long illness

LONDON (Reuters) – Stirling Moss, the British racing driver who ranked as an all-time Formula One great despite never winning the world championship, died on Sunday aged 90 after a long illness. “He died as he lived, looking wonderful,” his wife Susie told the... More »

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Golf: Four-time major runner-up Sanders dies aged 86

(Reuters) – American Doug Sanders, who was three feet away from beating Jack Nicklaus and winning the 1970 British Open at the home of golf, has died of natural causes aged 86, the PGA Tour said on Sunday. Sanders suffered the disappointment of coming so close... More »

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Dutch telecommunications towers damaged by 5G protestors: Telegraaf

AMSTERDAM (Reuters) – Several Dutch cellular broadcasting towers have been damaged by arson or sabotage in the past week by opponents of a rollout of a new 5G telecommunications network, newspaper De Telegraaf reported on Saturday. The paper said there have be... More »

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Oil falls after Saudi Arabia, Russia delay meeting

LONDON (Reuters) – Oil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help reduce global oversupply as the coronavirus pandemic pummels demand. Brent crude LCoc1 fell more than $3 when Asian markets ope... More »

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Dollar borrowing costs drop to lowest in decade in FX swap markets

LONDON (Reuters) – Dollar borrowing costs in the foreign exchange swap markets retreated further on Monday, with swap rates against the euro and pound falling to their lowest levels in more than a decade. These moves indicate recent emergency actions by global... More »

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Euro zone investor morale hits all-time low on coronavirus – Sentix

BERLIN (Reuters) – Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the e... More »

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Insurers warns on forced payouts for uncovered coronavirus losses

LONDON (Reuters) – The Global Federation of Insurance Associations on Monday warned the world’s governments of the danger of forcing insurers to pay out for losses suffered due to the coronavirus even when pandemic losses were not included in existing policies... More »

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European shares jump as coronavirus deaths slow

(Reuters) – European shares rebounded on Monday as a slowdown in coronavirus deaths raised hopes that nationwide lockdowns were starting to show results, while Rolls Royce soared after becoming the latest multinational firm to raise cash to weather an economic... More »

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UK car sector slashes 2020 sales forecast by 23% due to coronavirus

LONDON (Reuters) – A group representing Britain’s car industry cut its sales forecast for this year by 23% to 1.73 million vehicles because of the impact of the coronavirus crisis. The figure represented a 25% fall from the number of new car registrations in 2... More »

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On this day: Died April 7, 1968: Jim Clark, British racing driver

(Reuters) – Jackie Stewart starts a chapter of his autobiography with a simple sentence: “Jim Clark was the finest racing driver of my era.” Few would disagree with the triple world champion, Britain’s most successful racing driver until Lewis Hamilton rewrote... More »

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Esports: Dybala too good for Bale in charity video game clash

(Reuters) – Paulo Dybala left Gareth Bale out of his Real Madrid starting line-up but had no trouble beating the Welshman’s Manchester City side in a FIFA 20 video game as part of a Combat Corona fundraiser for UNICEF at the weekend. Juventus striker Dybala on... More »

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EasyJet founder says will not inject fresh equity into company

(Reuters) – Stelios Haji-Ioannou, the founder of easyJet Plc (EZJ.L), has warned that he will not inject any fresh equity into the airline until it terminates a contract with Airbus SE (AIR.PA) for 4.5 billion pounds ($5.50 billion), according to a letter here... More »

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PGA Championship rescheduled for August: report

(Reuters) – The PGA Championship, one of golf’s four majors, has been rescheduled for Aug. 6-9 after being postponed due to the coronavirus pandemic, the San Francisco Chronicle reported on Sunday. The event will remain at the city’s Harding Park course, the p... More »

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Some plateauing of London coronavirus outbreak, UK says

LONDON (Reuters) – It will take a week or two before Britain’s social distancing measures start to translate into lower hospitalization rates but there has been a bit of a plateauing in London in recent days, NHS England Medical Director Stephen Powis said. “T... More »

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Exclusive: Airline crisis forces Airbus to consider A320 output cuts

PARIS (Reuters) – Airbus is studying a sharp cut in output of its top-selling A320 plane series amid an industry-wide slowdown triggered by the coronavirus crisis, sources familiar with the matter said. Europe’s leading planemaker is examining scenarios includ... More »

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European insurer shares fall as row breaks out over dividends

MUNICH/LONDON (Reuters) – Shares in Europe’s insurers fell sharply on Friday after the EU regulator said they should temporarily halt payouts to shareholders during the coronavirus epidemic, although Germany backed Allianz’s decision to go ahead with a dividen... More »

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Brent crude rises above $33 on hopes of oil output deal

LONDON (Reuters) – Benchmark Brent crude oil futures climbed to as high as $34.91 a barrel on Friday on rising hopes of a new global deal to cut global crude supply. Brent crude LCOc1 futures were up 12.9%, or $3.9, at $33.83 a barrel by 1321 GMT. Brent soared... More »

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UK coronavirus death toll rises to 3,605, up 23% in a day

LONDON (Reuters) – The United Kingdom death toll from the coronavirus rose by 684 to 3,605 as of 1600 GMT on April 2, up 23% on the previous day. As of 9am 3 April, a total of 173,784 people have been tested of which 38,168 were positive. Stephen Powis, the na... More »

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Europe’s north-south lockdown divide revealed by Google data

BERLIN (Reuters) – Italy and Spain, the two European countries hardest hit by the new coronavirus, have enforced the most drastic lockdowns to curb the pandemic but one country, Sweden, stands out for allowing life to go on much as before, Google data show. An... More »

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Chelsea to help Refuge tackle domestic abuse

(Reuters) – English soccer club Chelsea have teamed up with domestic abuse charity Refuge to help raise funds for women and children left in vulnerable situations because of the coronavirus pandemic. Some experts have warned that self-isolation directives duri... More »