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Top German ventilator company warns on global supply crunch

One of the world’s largest makers of ventilators, Drägerwerk, has warned that global demand for the machines that help severely ill coronavirus patients to breathe will outstrip supply, despite being on course to quadruple production this year. Stefan Dräger, chief executive of the group, said the situation was especially worrying …

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The mystery of the true coronavirus death rate

The figure at the root of so much global angst about coronavirus is currently 4.7 per cent. That is the proportion of people, as of Sunday afternoon, who have died after being diagnosed with the virus — 32,137 out of the 685,623 who have tested positive for Covid-19 around the world. It …

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US companies seek clarity on $454bn lending fund

The US Treasury department and the Federal Reserve are facing calls to clarify how companies can access $454bn of government funds set aside to help corporate America access capital during the coronavirus pandemic. Nearly a quarter of a $2tn stimulus package signed into law by Donald Trump on Friday is …

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Grounded airline staff asked to bolster NHS resources

Thousands of airline cabin crew grounded by the Covid-19 pandemic in the UK are being asked to support doctors and nurses at new temporary field hospitals being built around the UK. The offer to redeploy airline staff comes as the NHS confirmed the death of its first frontline doctor from …

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US legal battle looms over coronavirus insurance payouts

US state legislators and lawyers have threatened to force the payment of coronavirus-related insurance claims that the industry insists are excluded from its policies and could pose an “existential threat” to their business. Members of Congress are also debating the need for legislation requiring insurers to pay for shutdowns caused by …

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Regional airports fear for the future as Covid-19 grounds flights 

The UK government’s offer of “last resort” support to the aviation industry undermines its commitment to regional connectivity, according to airport groups who say they are suffering heavily from a sharp drop in passenger numbers because of the coronavirus pandemic. Rishi Sunak, the chancellor, last week warned airlines and airports that companies …

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UK landlords threaten legal action over non-payment of rent

UK landlords are threatening legal action against retailers and hospitality businesses after many withheld rent to save cash during the lockdown. The Vietnamese noodle chain Pho, Escape Hunt and Caffe Concerto are among those that have been threatened with action. “We are facing a serious problem here,” said Stefano Borjak, …

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EU backs bank rule delay to spur crisis lending 

Europe’s financial regulation chief has pledged to delay tough new capital rules for banks, saying that support for lending has to be the overwhelming priority in the fight against coronavirus.  In remarks likely to be well received by Europe’s financial sector, Valdis Dombrovskis said now was not the time to …

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