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Friday newspaper round-up: England easing, New Look, Apple

By Michele Maatouk

Date: Friday 14 Aug 2020

Friday newspaper round-up: England easing, New Look, Apple

(Sharecast News) - Theatres, softplay centres and music venues are to be given the green light to reopen from Saturday, Boris Johnson will announce, as he brings in new or bigger fines for illegal raves and a refusal to wear face masks in England. People who repeatedly ignore the rules on face coverings in shops and on transport could be fined up to £3,200, and new powers will be introduced to penalise the organisers of mass gatherings including raves, the prime minister will announce. - Guardian
New Look has put itself up for sale and is planning its second rescue restructure in less than 18 months as it tries to trim rents and cut debt after a slump in sales. Meanwhile its rival River Island is preparing to cut 350 store jobs including shop managers and senior sales assistants. In an email to staff seen by the Guardian, Will Kernan, River Island's chief executive, said the cuts were "crucial" to ensure stores remain open. - Guardian

Apple is to launch a dramatic bid to sign up millions of iPhone users for its streaming services as it takes on Amazon Prime and Netflix in a battle to dominate the global entertainment industry. - Telegraph

The government should focus on targeted changes such as workplace rotation schemes and better sick pay rather than a broad loosening of restrictions or it risks a deeper economic downturn and another wave in Covid-19 infections, say senior academics. Rotating staff who work in the office and from home as well as splitting shifts could have an "exponential impact" on cutting infection rates as well as help the economy by getting people back into their workplace, the report says. - The Times

Jacob Rees-Mogg, the leader of the Commons, is in line for a dividend payment of about £800,000 this year after the fund management firm that he founded weathered the emerging markets wobble. Somerset Capital Management reported profits for distribution of £14.9 million for the year to March, down from £19.5 million last time. - The Times


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