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John Lewis warns of further store closures

John Lewis warns of further store closures

Business
Retail giant John Lewis has warned of further store closures as it reported huge losses due to Covid-related lockdowns that forced shops to shut.The group swung to a loss of £517m for the year to January, against profits of £146m the previous year.The retailer said it "does not expect" all of its department stores to reopen once lockdown restrictions ease.It has previously been reported the chain was considering closing up to eight more stores to try to cut costs.Any further closures would be in addition to eight already announced in 2020.It did not say how many of its 42 John Lewis shops were under threat, but said it was in talks with landlords and would make a final decision at the end of March.The rise in internet shopping, accelerated by various lockdown measures amid the coronavirus ...
Government opposes further loan moratorium

Government opposes further loan moratorium

Finance
NEW DELHI: The government on Friday cited constraints imposed by the country’s economic situation and the uncertainty over the Covid-19 pandemic to oppose any further Supreme Court relief by way of extending the loan moratorium scheme to other affected sectors. The government, through Solicitor General Tushar Mehta, told a bench led by Justice Ashok Bhushan that it had already extended the loan moratorium scheme for small borrowers and waived interest on interest. “Any such relief sector-wise would be a problem under Article 32,” he said. “There is already a mechanism (restructuring). Let them work out things under the mechanism,” the SG said. “Given the economic position of the country and the pandemic… no one knows when this situation will end,” he said. Further relief would be difficult...
Paulette moves further into open Atlantic

Paulette moves further into open Atlantic

World
Sept. 15 (UPI) -- Forecasters with the National Weather Service reclassified Paulette as a "strong" post-tropical cyclone over the North Atlantic on Wednesday, though the system retained Category 1 hurricane strength. In its 5 p.m. AST advisory, the National Hurricane Center said the storm was located 390 miles east-southeast of the Azores. It had maximum sustained winds of 40 mph and was moving east at 12 mph. Advertisement Paulette is in the center of the Atlantic basin and is projected to take a southwestward path by the end of this week. Forecasters don't expect the storm to impact any other land. Paulette became a hurricane last weekend and arrived over Bermuda on Sunday. Sign up for our daily Top News Newsletter Let's block ads! (Why?) World ...
New Zealand to further ease restrictions; global infections top 5.5M

New Zealand to further ease restrictions; global infections top 5.5M

World
May 25 (UPI) -- As global infections surpassed 5.5 million on Monday, New Zealand Prime Minister Jacinda Ardern announced the limit on gatherings will be expanded to 100 people by the week's end. "We want to get our economy moving quickly without losing the gains we have made to date," she said during a press conference. The archipelago nation has been one of the fastest to bounce back from the coronavirus pandemic through issuing strict lockdown measures in mid-March, which have since been slowly eased. Currently in level two, the second-lowest of its four-level lockdown measure, New Zealand has permitted gatherings of up to 10 people, but staring Friday that limit will be upped to 100, Ardern said. The increased limit on gatherings follows Ardern having said the government will regula...
Filming of EastEnders suspended until further notice

Filming of EastEnders suspended until further notice

Entertainment
The BBC has suspended filming on EastEnders, Casualty and Holby City until further notice because of the coronavirus outbreak.The number of new EastEnders episodes being shown each week is also being reduced to two.Filming on all BBC Studios' continuing dramas has been halted following the latest government advice on tackling COVID-19, the corporation said.More follows... Advertisement ...