5 Things You Need To Know, Today, on Wednesday 25th March 2020
Justin Waite
5 Things You Need To Know
06:30, 25th March 2020

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5 Things You Need To Know, Today, on Wednesday 25th March 2020

5. Facebook has seen usage across its platforms surge in countries that have brought in coronavirus lockdowns.

Italy - with some of the toughest restrictions - has seen the biggest rise, with group video calls rocketing by more than 1,000% in the last month.

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4. There was further financial turbulence on yesterday when stock markets around the world climbed sharply higher, as investors grappled with the economic impact of the coronavirus.

In the US, the Dow Jones Industrial Average rose 11.4% - its biggest daily gain since 1933.

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3. Burger King chief executive Alasdair Murdoch has said that the fast food chain will not be paying rent due on its UK restaurants this week.

Hundreds of High Street businesses are set to withhold their quarterly rent payments, which are due on today, so they can afford to pay their staff.

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2. The chancellor has told airlines to find other forms of funding and not turn first to the government for help getting through the coronavirus crisis.

Industry group the International Air Transport Association (IATA) said annual worldwide revenues from ticket sales would fall by $252bn (£215bn) if travel bans remain in place for three months, a drop of 44% compared to last year.

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1. The White House reached a deal with Senate Democrats and Republicans on a $2 trillion stimulus plan to respond to the economic shock of the coronavirus outbreak, after several days of tense negotiations.

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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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