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Business News

Financial markets around the world have rallied stronglyPosted by Admin

Financial markets around the world have rallied strongly after the US government approved a coronavirus treatment using the plasma of recovered patients and hopes rose for the development of a vaccine.
Against a backdrop of growing optimism that medical advances could fuel a sustainable economic recovery from the pandemic, stocks in Europe climbed higher on Monday after gains in Asia overnight.
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Foreign exchange firm Travelex has collapsed into administrationPosted by Admin

Foreign exchange firm Travelex has collapsed into administration, with the immediate loss of more than 1,300 jobs.
Advisory firm PwC has been appointed to carry out a complex restructuring deal and pre-pack administration, which allows buyers to cherry-pick the best assets and ditch those they don’t want.
The administrators said the impact of a cyber-attack in December and the ongoing Covid-19 pandemic had “acutely impacted the business.”
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Oasis and Warehouse Limited has appointed administrators.Posted by Admin

Oasis and Warehouse have collapsed into administration with the immediate loss of 200 jobs and more than 1,800 at risk, as the fashion chains become the latest retailers to be hit by the coronavirus crisis. Oasis and Warehouse Limited, a company that also includes The Idle Man and Bastyan Fashion, has appointed administrators from the advisory firm Deloitte.
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