Friday newspaper round-up: Quarantine, Casual Dining, UK economic activity
By Michele Maatouk
Date: Friday 03 Jul 2020
(Sharecast News) - English holidaymakers will be able to visit Spain, Italy, France and Germany without having to quarantine for 14 days on their return and travel restrictions on up to 60 other countries and territories are also set to be lifted. The government's rule change will come into effect on 10 July with the transport secretary, Grant Shapps, describing it as a major step in "reopening the nation". - Guardian
HSBC and Standard Chartered risk being caught up in the geopolitical struggle between the US and China after the US House of Representatives passed legislation targeting Chinese officials involved in implementing a national security law in Hong Kong. Banks who do business with officials involved in the security law could face sanctions, amid concerns the security law could be used to crack down on dissent in Hong Kong. More than 370 people were arrested in Hong Kong on Wednesday after the new powers were introduced. Guardian
The owner of Café Rouge and Bella Italia has collapsed into administration, leading to the permanent closure of 91 restaurants with more than 1,900 redundancies. Casual Dining Group is the latest firm to fall victim to the coronavirus crisis in a week where 12,000 jobs have already been axed, with the high street and aviation industry bearing the brunt of the pain. - Telegraph
The former chief executive of Barclays has told the High Court that the financier Amanda Staveley was not a credible investor and that she overstated her role in its 2008 emergency capital raising. John Varley said in his witness statement that Ms Staveley was only a "semi-principal" in the negotiations due to her connection to Sheikh Mansour of the Abu Dhabi royal family. - The Times
Britain's economy is regaining momentum as the lockdown is lifted, real-time data suggests. According to Jefferies, the American investment bank, economic activity is 52 per cent below its pre-Covid level but its UK Economic Activity Radar has risen by 2 points over the past week. - The Times
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