Hot Off The Wires - 6th January 2021
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.
What is the well known Latin term for 'good faith'?