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Financial Times Profile picture
@FinancialTimes
Sep 16, 2020 • 6 tweets • 4 min read • Read on X
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Concerns are rising over a potential surge in Covid-19 cases, and the UK is already struggling to meet testing demands. With a backlog of about 185,000 tests to be processed, the FT looks into how and why things have gone so wrong ft.com/content/68efa1…
Matt Hancock, the UK’s health secretary, admitted that problems in laboratories were causing delays in the testing system. To resolve the issue he mentioned ‘bringing in more machines’, although he has not yet explained how or when this will happen ft.com/content/68efa1…
One explanation for the long delays in getting people tested for coronavirus is that some labs are struggling to secure enough staff with the right skills and reagents to carry out the necessary analyses, the co-chair of the NHS Assembly said ft.com/content/68efa1…
How will the backlog of Covid-19 tests affect society? The danger for NHS staff is having to isolate if they or a family member has symptoms, creating staffing gaps. Planned hospital treatment could also be delayed if patients are unable to get tested ft.com/content/68efa1…
The lack of Covid-19 tests available in the UK is a problem for recently reopened schools. Children in isolation haven’t been able to get tested. 'I could have a number of positive cases linked to my school and not know it,’ said one headteacher ft.com/content/68efa1…
Headteachers said full or partial school closures would be inevitable if the shortage of coronavirus tests continues in the UK. The delays in testing pose the risk of further spreading and difficulties for parents and carers if they have to isolate ft.com/content/68efa1…

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More from @FinancialTimes

Financial Times Profile picture
Jun 16, 2023
Four FT pieces were recognised at the 2023 Awards for Editorial Excellence by the Society of Publishers in Asia. Read the winning works 👇 (1/5) Image
A shortage of heirs jeopardises Japan's family enterprises and threatens its economy. This engaging read by @Urbandirt, @SugiuraEri and @slodek earned an award for excellence in arts and culture reporting (2/5) ft.com/content/dc5c19…
@Urbandirt's commentary on rising resentment among Japan's young workers towards unproductive older colleagues received an honourable mention (3/5) ft.com/content/4012c8…
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Jun 8, 2023
New investigation: thirteen women who worked for Odey Asset Management or had dealings with its founder Crispin Odey told the FT that he abused or harassed them.

Eight alleged he sexually assaulted them.

Nine of them are telling their stories for the first time… twitter.com/i/web/status/1…
The incidents, which occurred between 1998 and 2021, included masturbating on a female entrepreneur after a business meeting and forcing a friend’s hand on to his penis ft.com/content/e5d143… twitter.com/i/web/status/1… Image
The FT once described Crispin Odey as ‘a large puppy in a pinstripe suit’. F​​or three decades he has reigned over London’s hedge fund scene.

At his firm, once one of Europe’s largest hedge fund companies, he found many of his targets ft.com/content/e5d143… Image
Read 7 tweets
Financial Times Profile picture
Mar 31, 2023
🧵'Dare to fight' — Xi Jinping used the phrase recently to sum up China's new foreign policy. We break down Beijing's bid to shape the world around its own interests 👇(1/7) on.ft.com/42T0VXA
Xi has adopted a more assertive stance on foreign relations in the past decade, militarising artificial islands in the disputed South China Sea and becoming more aggressive towards Taiwan (2/7) on.ft.com/42T0VXA China has adopted a more assertive stance on foreign relatio
Since 2013, China has sent more diplomatic missions to the Middle East than the west. This month, it convinced Iran and Saudi Arabia to resume diplomatic ties after a seven-year rift (3/7) on.ft.com/42T0VXA Beijing achieved a notable diplomatic success recently by me
Read 7 tweets
Financial Times Profile picture
Mar 22, 2023
🧵UBS executives have started trying to sell investors on the benefits of its $3.25bn shotgun marriage with Credit Suisse. Here's what the Swiss bank might look like after it fully takes over its defunct rival 👇 (1/6) on.ft.com/40lq9M8 Chart showing Credit Suisse's tangible book value per share
🏦 After the takeover, UBS would become the second-largest private bank in the world after Morgan Stanley, with $3.4bn of wealth management assets (2/6) on.ft.com/40lq9M8
👥 If UBS holds on to Credit Suisse's most valuable asset, its domestic bank, thousands of jobs could be threatened as branches are closed and duplicate administrative roles removed (3/6) on.ft.com/40lq9M8 Graphic comparing the employees Credit Suisse and UBS respec
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Financial Times Profile picture
Mar 15, 2023
🧵 How is China's economy doing? We break down Beijing's first comprehensive overview of economic activity since it ended its zero-Covid rules in three charts 👇 (1/5) on.ft.com/3ZZiEdQ
🛍️ China's retail sales grew 3.5% year on year in the first two months of 2023, compared with declines in the previous three months (2/5) on.ft.com/3ZZiEdQ
🚘 But there were some weak spots in the positive retail figures. China's car sales contracted 9.4% year on year in January and February, compared with growth of 4.6% in December (3/5) on.ft.com/3ZZiEdQ
Read 5 tweets
Financial Times Profile picture
Mar 14, 2023
Silicon Valley Bank imploded last week under the strain of depositors pulling out their money in droves.

How did the chaos unfold? Here is a timeline of what happened 🗓
ft.com/content/56a8df…
Wednesday: Silicon Valley Bank, the US’s 16th-largest lender, said it lost about $1.8bn.

Customers got scared the bank would not be able to pay out their deposits and a bank run started ft.com/content/56a8df…
Thursday:
👉SVB’s share price fell 60%
👉The bank failed to raise capital
👉Customers withdrew $42bn in a single day ft.com/content/56a8df…
Read 7 tweets

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