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Financial markets around the world have rallied stronglyPosted by AdminFinancial markets around the world have rallied strongly after the US government approved a coronavirus treatment using the plasma of recovered patients and hopes rose for the development of a vaccine.
Against a backdrop of growing optimism that medical advances could fuel a sustainable economic recovery from the pandemic, stocks in Europe climbed higher on Monday after gains in Asia overnight.
Foreign exchange firm Travelex has collapsed into administrationPosted by AdminForeign exchange firm Travelex has collapsed into administration, with the immediate loss of more than 1,300 jobs.
Advisory firm PwC has been appointed to carry out a complex restructuring deal and pre-pack administration, which allows buyers to cherry-pick the best assets and ditch those they don’t want.
The administrators said the impact of a cyber-attack in December and the ongoing Covid-19 pandemic had “acutely impacted the business.”