5 Things You Need To Know, Today, on Wednesday 20th May 2020
Justin Waite
5 Things You Need To Know
05:05, 20th May 2020

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5 Things You Need To Know, Today, on Wednesday 20th May 2020

5. Healthcare giant Johnson & Johnson is to stop selling its talc-based Johnson's Baby Powder in the US and Canada.

The firm faces many thousands of lawsuits from consumers who claim that its talc products caused their cancer.

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4. The Bank of England has said the banks should be strong enough to weather a 30% contraction in the UK economy.

Their report comes after banks such as Lloyds, RBS, Barclays and HSBC have seen their share price fall to levels not seen since the 2008 financial crisis.

(Click here to read more)


3. Up to 60m people will be pushed into "extreme poverty" by the coronavirus warns the president of the World Bank.

David Malpass said the bank expects global economic growth to shrink by 5% this year as nations deal with the pandemic.

(Click here to read more)


2. Claims for universal credit - the benefit for working-age people in the UK - hit a record monthly level in the early weeks of lockdown.

There were 1.5 million claims made between 13 March and 9 April, six times more than in the same period last year.

(Click here to read more)


1. Just over a third of companies in Britain believe they can fully restart operations while implementing the government’s coronavirus workplace guidance.

The British Chambers of Commerce said 45% of firms it questioned felt they would be able to partly reopen and 10% said they would not be able to operate at all, mostly citing problems with social distancing.

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