InterContinental Motels Group, proprietor of the Vacation Inn and Crowne Plaza manufacturers, has warned that the difficulties of the “most difficult yr” in its historical past have stretched into 2021 as new strains of coronavirus drive international locations to shut borders and restrict journey. Keith Barr, chief govt, mentioned restoration was “completely associated to vaccines”.
A senior Mexican legislator has floated the thought of constructing the mega wealthy pay a one-off Covid-19 contribution as “an act of social justice and solidarity” that might elevate practically $5bn. Solely these with fortunes of greater than $1m must pay, Alfonso Ramírez Cuéllar, a deputy for the ruling Morena occasion and its one-time chief, mentioned in an announcement.
Nicola Sturgeon, Scotland’s first minister, on Tuesday set out a framework for alleviating coronavirus restrictions that was markedly extra cautious than the UK authorities’s route map for England. The plan makes clear that there’s unlikely to be any easing of restrictions on the retail sector earlier than the second week of April.
Rafael Ojeda, Mexico’s navy minister, has contracted Covid-19 for a second time, 4 months after his first an infection. He introduced the information on Twitter, saying he would isolate and proceed working. Reinfection has proved comparatively uncommon worldwide. Mexico has confirmed 2.04m coronavirus instances and 180,536 associated fatalities.
Frasers Group has put traders on discover over a potential impairment cost of greater than £100m as lockdown restrictions on excessive streets drag on. The group behind Sports activities Direct and Evans Cycles, in addition to the eponymous malls, mentioned it might take a “materials” non-cash accounting hit on the worth of freehold properties and different property.
Residence Depot bought a further $22bn value of products final yr as housebound Individuals purchased patio furnishings, ride-on lawnmowers and front room decorations of their droves. The Atlanta-based firm, which has greater than 2,200 shops throughout North America, produced $132.1bn in revenues in 2020, probably the most in its historical past.
Macau gaming shares gained the day after the previous Portuguese colony lifted all quarantine restrictions for mainland Chinese language guests. Galaxy Leisure shares closed 8.9 per cent greater whereas SJM Holdings climbed 7.9 per cent. Sands China gained 7.5 per cent, Melco Worldwide rose 6.3 per cent, whereas MGM China and Wynn Macau rose 5 per cent.
Funds airline easyJet has reported a surge in bookings for the reason that UK revealed a “roadmap” out of lockdown that included rebooting worldwide journey later this yr. Bookings for flights from the UK have greater than quadrupled week on week, the service mentioned, whereas its bundle vacation unit has skilled a greater than seven-fold leap in bookings.