Month: July 2020

Coronavirus: Royal Welsh Winter Fair cancelled

Image copyright Royal Welsh Show Image caption The show normally offers Christmas shopping as well as the traditional livestock events The Royal Welsh Winter Fair has been cancelled due to the coronavirus pandemic, organisers have confirmed. The event was due to be held at the Royal Welsh Showground at Llanelwedd, Powys, from 30 November to 1 December. The Royal Welsh… Read more →

House prices bounced back in July, says Nationwide

Image copyright EPA House prices bounced back in July, climbing 1.7% during the month compared to a 1.5% fall in June, according to the Nationwide. “The bounce back in prices reflects the unexpectedly rapid recovery in housing market activity since the easing of lockdown restrictions,” it said. Activity has been boosted by pent-up demand and the stamp duty holiday. But… Read more →

Spanish economy feels pain of coronavirus

Image copyright Reuters Image caption Spain’s economy has been ravaged by the virus Spain has been plunged into its deepest recession in modern times by the coronavirus pandemic. Its economy shrank by 18.5% in the April-to-June period, having already fallen by 5.2% in the first three months of the year. The country was the worst performer in the eurozone, which… Read more →

NatWest slumps to loss on bad loan provision

Image copyright Reuters Image caption Chief executive Alison Rose was appointed in 2019 Banking giant NatWest Group has put aside another £2.1bn in case more people and firms default on loans because of the pandemic. That meant it reported a £770m loss for the first half of 2020. Last year it made a £2.7bn profit. Earlier this month, chief executive… Read more →