Rolling coverage of the latest economic and financial news, as tensions simmer across the US and Hong KongGeorge Floyd killing: widespread curfews fail to stop fresh wave of protests across USUS may take in Hongkongers ahead of China security laws, Pompeo suggests 3.01pm BST 2.57pm BST Samuel Tombs, chief UK economist at Pantheon Macroeconomics, says the UK government’s support schemes should be enough to help keep businesses from going bust…for now. BoE/HMT schemes have now funnelled £49.6B to companies—equal to 2.5% of annual GDP—via state-guarenteed bank loans and commercial paper purchases. This wall of cash should keep a lid on insolvencies for now. Nonetheless, a moment of truth is coming for many firms in the autumn. pic.twitter.com/GU966oIu6s Continue reading…
Via: Stocks shrug off US unrest, China tensions amid easing of Covid-19 lockdowns – business live
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