5 Things You Need To Know, Today, on Friday 31st July 2020
Justin Waite
5 Things You Need To Know
05:04, 31st July 2020

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5 Things You Need To Know, Today, on Friday 31st July 2020


5. The US economy shrank at a 32.9% annual rate between April and June.

It was the deepest decline since the government began keeping records in 1947 and three times more severe than the prior record of 10% set in 1958.

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4. Jet2 is contacting some customers on Spain's Balearic and Canary Islands to ask them to end their package holidays early.

The UK Government is advising against all non-essential travel to Spain, including the Islands.

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3. Travel company Tui is set to shut 166 High Street stores in the UK and Ireland, affecting up to 900 jobs.

The decision was made after changes in customer behaviour, including a shift to online, the firm said in a statement.

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2. Charities are calling on the chancellor to protect the jobs of workers who have been shielding during the pandemic.

A total of 15 charities have warned in an open letter that workers will be forced to choose between health and their jobs, when restrictions ease.

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1. The coronavirus crisis might be causing widespread economic upheaval around the world, but the world's biggest tech firms are thriving.

Amazon sales soared 40% to $88.9bn (£67.9bn) in the three months ending June, whilst their quarterly profit rose to $5.2bn (£4bn) the biggest since the company's start in 1994 and double the $2.6bn it earned for the same period in 2019.

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Disclaimer & Declaration of Interest

The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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