Brazil said it would replace all three heads of its armed forces a day after President Jair Bolsonaro revealed a major cabinet overhaul in the face of a second wave deepening coronavirus. The decision on Tuesday to fire the heads of the army, navy and air force followed a surprise shot by the defense minister.
Ireland has extended one of the The tightest lockdowns in Europe an additional week. The country was to lift some of its three-month measures from April 5, including easing a 5 km limit on movements and gradually reopening construction. Instead, Prime Minister Micheál Martin announced that all the rules would be valid until April 12.
The rise in US house prices in January accelerated at the fastest pace in 15 years amid historically low interest rates and a desire for more space because the coronavirus pandemic has kept people at home. A key measure showed that prices rose 11.2% in the 12 months ending in January, the fastest pace since February 2006.
Dutch health authorities have warned that the latest wave of coronavirus is getting worse “in almost all regions” after the Netherlands reported a 13% jump in weekly infections. The National Institute of Health recorded 51,866 positive Covid-19 tests in the week to March 30, while 1,578 people were admitted to hospital.
A Deliveroo rider walks past a woman carrying shopping bags in Manchester, England © Reuters
Deliveroo set the final price of its initial public offering at £ 3.90 per share, on bottom of its initial range and valuing the food delivery business at £ 1.3 billion less than high expectations. Deliveroo had hoped a week ago that its valuation could reach £ 8.9bn, but the final price per share leaves its market cap at £ 7.6bn.
Royal Mail plans to pay its first single final dividend since listing in 2013, after consumers stranded at home shifted their spending from physical online stores. The postal company expects adjusted operating profit to reach around £ 700million in the year ending March 31, more than double the £ 325million from a year ago.
DNA sequencing tech start-up Oxford Nanopore chose London for an initial public offering later this year, giving the UK market a boost ahead of a reform of listing rules to attract tech companies. Oxford Nanopore has enjoyed high demand during the pandemic for its services which identify and track viral mutations.
The Global shortage of electronic components is expected to last until next year, according to Young Liu, president of Apple supplier Foxconn. As long as there hasn’t been a further disruption from the pandemic and there hasn’t been a big hit due to component shortages, Foxconn could still meet its gross margin target, Liu said. .
