Monday Papers: holiday chaos as Italy closes cities

Top stories

  • The Times: Italy has quarantined 16 million people in a desperate attempt to slow the spread of coronavirus, throwing holiday plans of tens of thousands of Britons into chaos.
  • The Daily Telegraph: Oil prices registered steepest collapse since 1991 on Sunday night as a Saudi-led price war combined with panic over the coronavirus to send a barrel of Brent down to just £35.
  • Financial Times: Powerful shareholders are lobbying SoftBank to help bring about an alliance between ride-hailing groups Grab and Gojek, which are bleeding cash in a fierce battle for market share.
  • Financial Times: Tesla is a “better-run” company after its regulatory battles following the recent addition of independent directors to oversee Elon Musk, according to a top external shareholder.

Business and economics

  • The Times: Chancellor Rishi Saunak has been urged to relieve the burden of business rates on the retail sector because it is having a “hidden human cost” in the most economically vulnerable communities.
  • The Daily Telegraph: The haulage, shipping and freight industries are up in arms against the Government after ministers ignored industry requests to seek vital security waivers from the EU needed to smooth cross-channel freight after Brexit.
  • The Times: Scotch whisky producers are warning that investment plans and jobs could be under threat unless they get a helping hand from the government.
  • The Times: The market value of Funding Circle has fallen below its cash levels in a sign that confidence in the peer-to-peer lender’s model has all but evaporated.
  • The Daily Telegraph: Digital doctor app Babylon Health is searching for ways to train its artificial intelligence-driven chatbot to detect coronavirus symptoms.
  • Daily Mail: Severe rain last month caused a 7.8% fall in the number of people visiting high street stores in February, according to the retail research company Springboard.
  • The Times: The European Central Bank in Frankfurt has told most of its 3,500 staff to work from home today to demonstrate its resilience to a widespread outbreak of coronavirus.
  • The Daily Telegraph: Telefonica was accused in the High Court this week of destroying evidence before a GBP1 billion trial over the collapse of Phones 4u.
  • Daily Mail: Google and Facebook could face a full-blown investigation into their iron grip on digital advertising in a move that might even lead to the internet giants being broken up in the UK.

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