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India plans to start allowing restaurants, hotels, malls and places of worship to reopen from June 8 as it looks to resume economic activity despite the country’s rising coronavirus caseload. The government said strict lockdown measures will continue in neighbourhoods or districts where the virus is thought to be particularly prevalent. States also have discretion to extend other restrictions.
Pret A Manger, the food-to-go chain, has called in restructuring experts to help overhaul its business model as its core customer base of commuters remain working from home. Pret, owned by JAB Holdings, said on Saturday that it had asked the advisory firms Alvarez & Marsal and CWM to advise on a “comprehensive transformation plan” that would prepare it for the “new retail environment”.
The EU has called on US president Donald Trump to reverse his decision to cut ties with the World Health Organization. European Commission president Ursula von der Leyen and foreign affairs high representative Josep Borrell in a statement: “Global cooperation and solidarity through multilateral efforts are the only effective and viable avenues to win this battle the world is facing.”
The mayors of London and Manchester have joined those warning that UK prime minister Boris Johnson is moving too fast to ease England’s lockdown. “I am deeply concerned we are now rushing too fast to lift lockdown measures,” London mayor Sadiq Khan said. Manchester mayor Andy Burnham also said the changes come too early.
German chancellor Angela Merkel’s office said she would not attend an in-person meeting of G7 leaders at Camp David near Washington in early June. US president Donald Trump said last week he was considering a physical meeting of the leaders of the world’s seven largest economies as a signal of life returning to normal after the coronavirus pandemic.
The FTSE 100 index is set for its biggest shake-up in more than four years over the impact of coronavirus. EasyJet and Carnival, the cruise ship operator, are expected to fall into the FTSE 250. Dropping out of the FTSE 100 is significant for companies given the access to tracker or exchange traded funds that only follow the index of the UK’s top companies.