Britain will place travellers arriving from COVID-19 hot spots in quarantine in hotels from Feb. 15, the government said, after criticism that it was not moving fast enough to bring in the measure.
Britain will place travellers arriving from COVID-19 hot spots in quarantine in hotels from Feb. 15, the government said, after criticism that it was not moving fast enough to bring in the measure.
1/THE BIG SQUEEZE
In just a week, the ‘Reddit crowd’ trade which squeezed out seasoned hedge funds from GameStop has gone global.
Herding on the other side of bearish bets proved so profitable in GameStop and other shorted American stocks that it didn’t take long for copycats to emerge across the globe.
On Jan. 26, a seemingly random buying frenzy lifted a handful of stocks across Europe. Soon enough, traders spotted what UK publisher Pearson, German drugmaker Evotec and property firm Unibail-Rodamco had in common: they were among Europe’s most shorted stocks.
The moves then spread to Asia; on Jan. 28 heavily shorted Australian stocks Webjet, Tassal and InvoCare climbed while Malaysian retail investors debated buying into medical glove makers to squeeze out short-sellers.
By Reuters Staff
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PARIS, Jan 26 (Reuters) - France will grant AccorInvest, the real estate arm of hotel group Accor, a 500 million euro state-guaranteed loan to cope with the impact of the coronavirus crisis, Finance Minister Bruno Le Maire said on Tuesday.
“We are indeed granting AccorInvest a state-backed loan of half a billion euros . It is certain. We are finalising this loan today,” Le Maire told Radio Clasique.
AccorInvest owns and leases hotels and is only minority-owned by Accor, Europe’s largest hotel group, which operates brands such as Ibis or Sofitel.
Le Maire said AccorInvest, which employs 7,000 people, was “in great difficulties” as hotels worldwide run at reduced capacity because of coronavirus-related travel limits.