MAGGIE PAGANO: UK pharma firms race to develop a coronavirus vaccine

The race to develop a vaccine against the coronavirus is heating up. In Cambridge, researchers at the university’s Infectious Diseases Centre say work is ‘already well under way’. After further tests, they hope to send the vaccine soon for pre-clinical trials at Public Health England. In the US, Novavax has …

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NMC Health hires advisers to oversee emergency debt restructuring

NMC Health is in turmoil after the FCA launched a probe following devastating revelations about its finances Scandal-hit NMC Health has appointed a string of heavyweight advisers to oversee an emergency restructuring of its debts after its shares were suspended last week. The Middle East private hospital business is in …

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MARKET REPORT: Recruiters warned that AI may put them out of a job

While much of the public is sceptical – or even downright scared – of artificial intelligence, businesses are finding it more helpful than ever. Unless, that is, they specialise in recruitment. Credit Suisse analysts took aim at UK recruiting firms as they warned technology will erode much of the industry. …

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Backlash over Chancellor’s £2.7bn tax raid on small firms

There was a furious backlash last night against Government plans for a £2.7billion raid on small and medium-sized businesses. Chancellor Rishi Sunak is proposing to use next Wednesday’s Budget to scrap entrepreneurs’ relief – a tax break that was introduced in 2008 to encourage start-ups. It allows business owners to …

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Citroen unveils Ami two-seat electric vehicle for the city

Citroen has today launched a back to basics electric vehicle that could be the ideal runaround for city slickers. The cute and quirky two-seater has doors that open in opposite directions. And because it is classified as a ‘quadricycle’ rather than a car, it can in theory be driven by …

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Probe at Lloyds over allegations of fraud against small businesses

Lloyds Bank is facing a new police investigation into allegations of fraud against small businesses. Cardiff-based property investor Kashif Shabir has claimed the bank drove him out of business and sold his assets in 2009, the Sunday Telegraph reported.  Lloyds Bank is facing a new police investigation into allegations of …

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