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Bank Of England To Temporarily Finance Government Covid-19 Spending

The Government has expanded its overdraft with the Bank of England, which usually stands at around £400 million, by an undisclosed amount.

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Clarizen Appoints Former Adobe Executive Matt Zilli As CEO

Mr. Zilli Succeeds CEO Boaz Chalamish Who Has Been Appointed Chairman.

Rolls-Royce Shares Bounce Back After Covid-19 And Trent 1000 Troubles

The engine-maker has scrapped its final dividend.

Construction Industry In ‘Quicksand’ As Staff Lay-Offs Surge

Construction firms reported their fastest downturn in activity for almost 11 years amid measures to stop the spread of coronavirus.

Ineos Hits 10-Day Target To Build Hand Sanitiser Plant

The site near Middlesbrough started up at the weekend, and is running three shifts around the clock.

Bank Warns Of ‘Very Sharp’ Coronavirus Hit As Interest Rates Held At Record Low

The Monetary Policy Committee voted unanimously to keep rates on hold at 0.1% and quantitative easing at £645 billion.

NHS Leaders Identifying Staff For Swift Redeployment To ExCeL Field Hospital

The site will become a temporary hospital equipped with two wards of 2,000 beds to cope with any patient surge in the capital.

Experts Working On ‘World-First Multi-User Conversational Robot For Healthcare’

It is the first research project to be announced by the National Robotarium, opening at Heriot-Watt’s Edinburgh campus in 2021.

Workforce Building New Power Plant Cut Because Of Covid-19

The Hinkley Point C project in Somerset is continuing but with increased restrictions due to the outbreak.

Government Defends Allowing Construction Work To Continue During Lockdown

The sector has been spared from the strict measures to combat the Covid-19 virus.

What Do The Coronavirus Lockdown Rules Look Like?

Boris Johnson has ordered people to only leave the house for a few specific reasons.

Researchers Given £20m To ‘Unlock The Secrets’ Of Covid-19

The COVID-19 Genomics UK Consortium will use whole genome sequencing to map the spread of the virus and how it behaves.

Rail Franchise Agreements To Be Suspended Due To Coronavirus

The emergency measures will be in place for an initial period of six months.

Shell To Cut Costs And Reduce Spending After Oil Price Slump

The oil giant said it will reduce its operating costs by 3bn to 4bn US dollars (£2.6bn to £3.4bn) for the next 12 months.