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Showing posts from May, 2021

Covid-19: Red list arrivals terminal opens at Heathrow Airport

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Getty Images A dedicated terminal for passengers arriving in the UK from countries with a high risk of Covid is opening at Heathrow Airport later. From 04:00 BST, travellers arriving on direct flights from red list nations will transit through Terminal Three. Heathrow said its top priority was protecting the public and helping reduce the risk of new variants. There are 43 countries on the red list but direct flights are permitted from only a few of them, including India. Only British and Irish nationals or UK residents are allowed to travel from countries on the list. But anyone who has been in a red list country in the previous 10 days, whether they took a direct flight or came via another country, is required to pay for quarantine in a hotel for 10 nights after their arrival. However, there has been concern at reports that travellers from red list areas were mixing with other passengers in immigration halls, where they could be waiting for seve...

Covid: Peru more than doubles death toll after review

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Getty Images Peru has more than doubled its Covid death toll following a review, making it the country with the world's highest death rate per capita, according to Johns Hopkins University data. The official death toll now sits at more than 180,000, up from 69,342. Prime Minister Violeta Bermudez told reporters that the number was raised on the advice of Peruvian and international experts. This was in line with so-called excess deaths figures. Excess deaths are a measure of how many more people are dying than would be expected based on the previous few years. "We think it is our duty to make public this updated information," Ms Bermudez said. Peru has been one of the worst-hit countries in Latin America, resulting in an overstretched healthcare system and a lack of oxygen tanks. The official number of Covid deaths now stands at 180,764, a huge increase on the previous official figure of 69,342. In comparison, neighbouring C...

NewsWatch: Bitcoin is headed toward its worst month since 2011; ‘Rich Dad, Poor Dad’ author says that’s ‘great news’

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MARKETWATCH FRONT PAGE "Bitcoin crashing. Great news," tweeted “Rich Dad, Poor Dad" author Robert Kiyosaki on Sunday, saying it provides a good buying opportunity. See full story. Your 401(k) fees could cost you half a million dollars in retirement Lower fees can shave months --- or even years--- off your retirement date See full story. Is the stock market open Memorial Day? Here’s what investors need to know Memorial Day honors the women and men who died serving their country, and the holiday has become an unofficial start to summer, synonymous with backyard barbecues and festive parades. See full story. I’m 49, my wife is 34, we have 4 kids and $2.3 million saved. I earn $300K a year but ‘lose a lot of sleep worrying about tomorrow’ — when can I retire? Have a question about your own retirement savings? Email us at HelpMeRetire@marketwatch.com See full story. ‘My wife spends her free time watching teenagers, with $100K cosmetic collections, playing with makeu...

: Mortgage rates drop back below 3% — here’s how much Americans could save by refinancing

: 5 surprising things in short supply this Memorial Day Weekend

: Yellen says financial literacy can help create a ‘more equitable economy’ — and Americans appear to be listening

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The pandemic reaffirmed a hard lesson that lives and plans can change with blistering speed — and not always for the better. Millions of workers forced into unemployment last year due to shutdown orders and much smaller consumer demand saw that whipsaw change. So did people who were suddenly seeking refunds after the pandemic upended weddings , trips and even in-person college courses last year. Now, with COVID-19 vaccination rates rising and more consumers willing to splurge within bounds , a study released Wednesday suggests Americans are taking some pandemic-era financial lessons to heart while a Treasury Department meeting that same day underscored the big-picture needs for financial literacy. Treasury Department Secretary Janet Yellen highlighted the connection between financial literacy and stability when speaking to members of the federal government’s Financial Literacy and Education Commission. The Treasury Department and almost 20 federal agencies are part of the commi...

In pictures: Bank Holiday Monday brings hottest day of the year

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Getty Images People headed to beaches, parks and pub gardens to enjoy the sunshine as the Bank Holiday weekend brought the warmest weather of the year and blue skies for much of the UK. Monday saw the hottest day of the year so far, with Northolt in west London recording a temperature of 24.8C and Kinlochewe, in Scotland's northwest highlands, seeing a high of 25.1C, the Met Office said. However, not everyone in the UK has enjoyed the balmier temperatures, with forecasters observing some mist and chillier weather along parts of the north-east coast. The warm spell comes after a month of gloomy weather that saw Britons stuck indoors as lockdown rules were eased across the country. A series of heavy downpours meant May was the fourth wettest on record for the UK, and the wettest ever for Wales. Reuters PA Media PA Media Getty Images PA Media Pool PA Media PA Media Reuters PA Media ...

Covid: WHO renames UK and other variants with Greek letters

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Getty Images The World Health Organization (WHO) has announced a new naming system for variants of Covid-19. From now on the WHO will use Greek letters to refer to variants first detected in countries like the UK, South Africa and India. The UK variant for instance is labelled as Alpha, the South African Beta, and the Indian as Delta. The WHO said this was to simplify discussions but also to help remove some stigma from the names. Earlier this month the Indian government criticised the naming of variant B.1.617.2 - first detected in the country last October - as the "Indian variant", though the WHO had never officially labelled it as such. Where is the Indian variant and how is it spreading? What we know about the different variants "No country should be stigmatised for detecting and reporting variants," the WHO's Covid-19 technical lead, Maria Van Kerkhove, tweeted. She also called for "robust surveillance" ...

Extremely rare prehistoric animal carvings found for first time in Scotland

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Historic Environment Scotland Prehistoric animal carvings thought to be thousands of years old have been found for the first time in Scotland. Historic Environment Scotland (HES) said the carvings - thought to be between 4,000 and 5,000 years old - were discovered inside Dunchraigaig Cairn in Kilmartin Glen, Argyll. They are thought to date to the Neolithic or Early Bronze Age, and include images of deer. Hamish Fenton, who has an archaeology background, found them by chance. Kilmartin Glen is viewed as one of the most important concentration of Neolithic and Bronze Age remains in mainland Scotland. Valuable as sources of meat, hides, and with bones and antlers used for a variety of tools, HES said deer would have been very important to local communities at the time. Historic Environment Scotland Dr Tertia Barnett, principal investigator for Scotland's Rock Art Project at HES, said: "It was previously thought that prehistoric anima...

NewsWatch: Life might feel more certain this summer, but betting on a calm stock market still could go wrong

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MARKETWATCH FRONT PAGE The next couple of months could easily see more volatility in markets, as more people take time off starting this Memorial Day weekend, potentially exacerbating swings in stocks and other financial assets. See full story. Bitcoin is headed toward its worst month since 2011; ‘Rich Dad, Poor Dad’ author says that’s ‘great news’ "Bitcoin crashing. Great news," tweeted “Rich Dad, Poor Dad" author Robert Kiyosaki on Sunday, saying it provides a good buying opportunity. See full story. 5 surprising things in short supply this Memorial Day Weekend More than one year after the pandemic began, people are finding it hard to purchase these items for a reasonable price See full story. American Airlines joins Southwest in extending suspension of alcohol sales American Airlines is joining Southwest Airlines in holding off on resuming in-flight alcohol sales following an assault against a flight attendant last week. See full story. Tech stocks are out o...

Buy This, Not That: Here’s exactly how to get the best prices on Amazon, according to a veteran deal pro

Europe Markets: European stocks headed for fourth-straight monthly win, but softer Asian data, holidays weigh

What's Worth Streaming: Here’s everything coming to Amazon Prime Video in June 2021

Market Extra: Is the stock market open Memorial Day? Here’s what investors need to know

UK set for stronger post-Covid recovery, says OECD

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Getty Images The UK economy's recovery from the pandemic is set to be stronger than previously thought, a leading international agency has suggested. The Organisation for Economic Co-operation and Development says the UK is likely to grow 7.2% in 2021, up from its March projection of 5.1%. The OECD raised its forecast for global growth to 5.8%, compared with the 4.2% it predicted in December. However, it warned that growth would not be shared evenly. The UK's growth is set to be the fastest among the large rich countries, the OECD says. UK Chancellor Rishi Sunak attributed the strength of the forecast to the success of the UK's vaccine rollout and the government's Plan for Jobs. However, he cautioned that with debt at nearly 100% of GDP, there was a need to "ensure public finances remain on a sure footing". Covid map: Where are cases the highest? The OECD said prospects for the world economy had brightened, ...