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Phase 3 reopening in Singapore: What can you expect?
Here are some changes we can look forward to in Phase 3, based on updates released so far.
Increase in air travel bubbles »
News
Reuters
Britain says London mayor 'bankrupted' the capital, demands cost cuts
Britain is looking to force the body responsible for running London to sell off land and cut running costs as part of a fractious financial COVID-19 bailout designed to keep the capital's transport system running. London Mayor Sadiq Khan, from the opposition Labour Party, has called for a 5.7 billion pound ($7.4 billion) package for Transport for London (TfL) after commuters deserted public trains and busses during the pandemic. Khan says in return the government is insisting on higher fares and a raft of other revenue raising mechanisms such as increasing the size of the congestion zone which requires drivers to pay a fee to drive in the city.
Business
Reuters
Assa Abloy circles back to pre-pandemic dividend proposal as profits recover
Profits at Assa Abloy, the world's biggest lockmaker, fell less than expected in the third quarter due to a strong recovery across divisions and especially in Europe, from the pandemic-induced slump earlier in the year. It had lowered the proposed dividend in March after the Swedish government urged all companies in the country to drop 2019 dividends altogether.
Business
Reuters
UK borrowing exceeds forecasts, debt highest since 1960
Britain's government borrowing in the first half of the financial year was more than six times higher than before the COVID pandemic, official figures showed on Wednesday, taking public debt to its highest since 1960. Public borrowing in September alone totalled 36.101 billion pounds ($46.90 billion), above all forecasts in a Reuters poll of economists, although August's figure was revised down by more than 5 billion pounds to 30.113 billion pounds. The increased borrowing took total public debt further above the 2 trillion pound mark to 2.060 trillion pounds or 103.5% of GDP, its highest on this measure since 1960, the Office for National Statistics said.