looms

Restaurants face uncertain future as end of lockdown looms large

Across China, where the coronavirus pandemic first erupted, restaurants have started opening their doors to diners again following months under lockdown.

Tables have been removed to keep customers seated at least two metres apart, protective face masks have become mandatory for staff and diners’ hands are sprayed with sanitiser before they enter. Some restaurants are even forcing customers to undergo a temperature check before they are allowed in.

With social distancing measures in the UK expected to be in place for at least the rest of the year, the likelihood of British restaurants operating under a similar scenario now looks

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Restaurants demand protection from landlords as deadline looms

Hundreds of restaurants will be at risk of bankruptcy within days unless landlords are banned from calling in debts, industry chiefs have warned.

Hospitality bosses want ministers to introduce a debt enforcement moratorium to help dispel fears landlords will begin issuing commercial tenants with winding-up petitions this week, which could force them to go bust.

Many pubs and restaurants withheld rental payments during the last quarter payday on March 25 as sites remain shut. Last month the Government banned landlords from evicting tenants if they miss rent payments during the lockdown. However, this does not prevent property firms from demanding

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Philippines cuts key rate in off-cycle move as recession looms

MANILA — The Philippine central bank on Thursday slashed the key interest rate by 50 basis points in an off-cycle monetary easing move to support the economy amid a possible recession.

The move, which brings the benchmark interest rate to 2.75%, takes effect on Friday, Gov. Benjamin Diokno told reporters.

The policy action was taken “to further support the economy during this extraordinary time,” Diokno said on Twitter. “This is to strongly encourage lending to various sectors, especially to the most vulnerable, amid the COVID-19 pandemic.”

The move comes ahead of the monetary policy announcement on May 21, and follows

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