Watch the latest insights of FTSE UK Business News 2020!

  • Apr 16, 2020 BST
  • Team Kalkine

Kalkine Media’s daily update of the latest events in the UK financial markets, the economy and major corporate moves -

Lockdown restrictions in the UK will continue for "at least" another three weeks as it tackles the coronavirus outbreak, Dominic Raab has said. The foreign secretary briefed that a review had concluded relaxing the measures now would risk harming public health and the economy.

The Facebook-led digital currency project Libra has announced a drastic downgrading of the scope of its initial vision, overhauling several elements of the project in an attempt to placate global regulators.

Many businesses on the high street were already facing problems before the coronavirus outbreak. A large number have closed or entered administration in the last 12 months. Oasis and Warehouse are the latest fashion chains to go into administration with Around 2,000 jobs are at risk.

Netflix is currently worth more than Disney after the streaming platform’s shares hit an all-time high this week. The company’s market capitalization of £163.2billion leads over Disney’s £150.1billion after the media company's stock finished down 2.5 percent on April 15). It seems investors are expecting Netflix to benefit from the coronavirus crisis with thousands of more people staying at home.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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