UPDATE 1-Lebanon’s coronavirus lockdown piles pressure on flagging currency

But that account was disputed by Michel Mecattaf, a shareholder in a Lebanese company that ships banknotes, who was quoted by local media as saying that cargo shipments for banknotes were continuing. (Reporting by Tom Perry and Ellen Francis; Writing and additional reporting by Eric Knecht; Editing by Hugh Lawson and Mark Potter)

Some UK finance firms mis-using ‘key worker’ status – union

Barclays, HSBC, Royal Bank of Scotland and Lloyds have reduced the opening hours of many branches and have encouraged customers to bank online to reduce strain on frontline staff, many of whom now work behind plastic screens and run queuing systems to minimise exposure.

Instant View: Weekly US jobless claims top 6 million for first time

“Part of (the subdued market reaction) could be that the implications are so wide, and the market is unable to even wrap their heads around the magnitude of this increase, or the fact that we’re starting to price in the fact that the U.S. economy is basically at a full stop. That could be one […]

Goldman Sachs ups weekly U.S. jobless claim estimate to six million

LONDON (Reuters) – Goldman Sachs said on Thursday it expected the U.S. jobless claims to jump to a record 6 million for March 22-28 week as lockdowns of cities would mean there is even less likelihood of hiring than during a recession.

Under pressure, British PM vows ‘massive’ increase in coronavirus tests

“I want to say a special word about testing because it is so important. As I have said for weeks and weeks, this is the way through: this is how we will unlock the coronavirus puzzle, this is how we will defeat it in the end.”

Britain orders 10,000 ventilators from F1, aerospace consortium

Smiths Group said the team would ramp up production of its Smiths Medical paraPAC plus, a lightweight and portable ventilator that helps take the strain from the lungs. The device is fully certified and used by medical professionals within Britain and overseas.

UK epidemic is slowing; antibody test could soon be ready – advisers

FILE PHOTO: Contractors, members of 1 Royal Anglian Regiment and members of the Queen’s Gurkha Engineer Regiment help to build the new NHS Nightingale Hospital to fight against the spread of the coronavirus disease (COVID-19), in London, Britain, March 27, 2020. Picture taken March 27, 2020. Andrew Parsons/UK Ministry of Defence/Crown copyright 2013/Handout via REUTERS.

Williams F1 former engineering arm to help produce 5,000 ventilators for UK

LONDON (Reuters) – The former engineering unit of the Williams F1 team said it will help produce an initial batch of 5,000 ventilators for Britain’s National Health Service as part of an engineering consortium which is scrambling to deliver 10,000 units.

Over half of Britons say government was too slow on coronavirus: poll

The Ipsos MORI poll, carried out online between March 27 and March 30 showed 56% of respondents believed the government’s enforcement of social distancing measures was taken too late, compared with 4% who felt that they were taken too soon.

British ventilator consortium targeting 1,500 units per week

Companies including Airbus, Ford, Rolls-Royce and BAE have come together with seven Formula One teams to ramp up production of two existing ventilators made by Penlon and Smiths Group in Britain.