
20 August, 2020
Apple’s $2 trillion valuation
The 1-minute read to get the money news you need.
Apple hits $2 trillion
Apple has become the first US company to be valued at $2 trillion on the stock market, having doubled its value in just two years. The tech giant has seen its sales continue to grow this year, despite shutting its shops throughout lockdown.
Quarantine-free trips?
Heathrow has a new rapid testing centre which can tell passengers their Covid status within 24 hours of landing. It’s waiting for the government green light, and could replace the 14-day quarantine that’s in place for some countries. The test is currently optional and costs £150, but that could be reduced to £50 with a government subsidy.
All about the ‘burbs
Londoners are spending their time and money in the suburbs rather than the centre, as much of the city’s workforce continues to work from home. Shops, restaurants, and pubs further out are driving London’s economic recovery, according to Mastercard’s data. It means local centres are thriving - Southall is in the lead, where restaurants are doing 17% better than in January.
Cash for deferrals
Durham University has promised a special bursary plus guaranteed accommodation to would-be undergraduates who defer their place until 2021. It’s struggling to find enough space for all the offer-holders who’ve now got the grades to go.
StubHub “misleading”
StubHub has been forced to add warnings to its website that the tickets it’s selling could be invalid. The ticket resale company was found to be misleading customers about the fact that they might not be able to use the tickets they buy.