In a historic, if temporary, move, the EU has now suspended its borrowing rules, allowing member states to spend what’s needed – and worry about the bill later. Even Germany, the uber-fan of balanced budgets, has ripped up its “debt brake” and devised a historic €156bn (£140bn) emergency budget. The days of eurozone austerity may be over, at least for now, as Europe heads for a deep recession. … [Read more...] about Complacency to chaos: how Covid-19 sent the world’s markets into freefall
Debt world bank
The ratings agency Fitch has cut Britain’s sovereign debt rating to AA, saying debt levels will jump as the government ramps up its spending to offset the near shutdown of the economy in the face of coronavirus. … [Read more...] about Coronavirus latest: 28 March, at a glance
The hour-long blessing, which started at 6pm on Friday, was punctuated by moments of dramatic silence with the pope, standing, intent on praying, behind the famous “Miraculous Crucifix”, a wooden cross kept in the Church of Saint Marcellus which, according to devout Roman Catholics, saved Rome from the plague in 1522. … [Read more...] about Pope’s blessing in empty St Peter’s Square watched by 11m on TV
The findings are published in a paper in the journal Science. Pascal Godefroit, the lead author, from the Royal Belgian Institute of Natural History in Brussels, said he was amazed when he realised the new dinosaur's limbs had been covered in feathers. "Our new find clinches it: all dinosaurs had feathers, or at least the potential to sprout feathers." … [Read more...] about Siberian fossil discovery builds case for an age of feathered dinosaurs
Yes. Charities both small and large have been devastated by the sudden drop in voluntary income caused by the cancellation or postponement of fundraising gatherings, ranging from fetes and coffee mornings to the London marathon. Those with high street retail outlets have also been hit by shop closures. UK charities estimate they will lose over £4bn over the next few weeks. Without cash, thousands of charities, including hospices, health and social care, and cancer support charities will be forced to reduce services, or in some cases even close down. … [Read more...] about Coronavirus and volunteering: how can I help in the UK?