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Hot Off The Wires - 6th January 2021

News


  • Britain is on course to borrow a record £450bn this year as tax revenues collapse under a fresh national lockdown, economists have warned.

  • Ministers warn new lockdown could be extended into March, as Boris Johnson revealed that 1 million people in England now had the virus.

  • The global economy will rebound by 4% this year if a coronavirus vaccine is rolled out successfully, according to the World Bank.

  • Firms in retail, hospitality and leisure sectors, the hardest hit by stringent new lockdown measures, will receive grants of up to £9,000 in a £4.6bn Treasury package designed to keep them afloat to the spring.

  • Amazon has bought 11 used passenger jets from two struggling North American airlines, expanding its growing air freight operation.

  • The world’s largest electronics contract maker Foxconn is stepping up its push into electric vehicles with a tie-up with Chinese EV maker Byton.


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What is the well known Latin term for 'good faith'?

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