Battered UK travel industry calls for coronavirus testing, more support

Battered UK travel industry calls for coronavirus testing, more support
Britain set up the taskforce earlier in October to look at ways of reducing the 14-day quarantine period, which has killed travel demand. (AFP)
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Updated 14 October 2020

Battered UK travel industry calls for coronavirus testing, more support

Battered UK travel industry calls for coronavirus testing, more support
  • Only 15 percent of 2,000 Britons surveyed took a foreign holiday compared to 64 percent the previous year

LONDON: Britain’s travel industry called on the government for an airport testing regime and more tailored support as it published figures showing how the pandemic has sapped demand for the overseas trips that are its lifeblood.
ABTA, the UK industry body representing 4,300 travel brands, said that between February and July 2020, which included the country’s three-month lockdown period, only 15 percent of 2,000 Britons surveyed took a foreign holiday compared to 64 percent the previous year.
That has hit airlines and travel companies hard, with tens of thousands of job losses already made in the sector, and more expected when the government’s furlough scheme comes to an end later this month.
According to the data, 93 percent of consumers said they were worried over last minute changes to Britain’s quarantine rules, with ABTA blaming the government’s approach for exacerbating people’s reticence to travel.
“It is vital that the Global Travel Taskforce launched this month to consider a testing regime, and other measures to support recovery of the travel industry, acts decisively and urgently to help increase consumer confidence and get the industry moving again,” ABTA said in a statement on Wednesday.
Britain set up the taskforce earlier in October to look at ways of reducing the 14-day quarantine period, which has killed demand and left travel firms, airlines and airports struggling financially.


Saudi Public Prosecution says giving false impression of capital market is ‘serious crime’

Engaging in any action or behavior aimed at creating a false or misleading impression indicating active trading transaction on a specific security, which is contrary to the truth is also illegal. (File/Shutterstock)
Updated 04 December 2020

Saudi Public Prosecution says giving false impression of capital market is ‘serious crime’

Saudi Public Prosecution says giving false impression of capital market is ‘serious crime’

Saudi Arabia’s Public Prosecution affirmed that it is prohibited by law to intentionally take any action that creates a false or misleading impression about the capital market, prices, or value of any security or to induce third parties to buy, sell, or subscribe to this security.

It stated in a tweet that this is one of the serious crimes that require arrest, according to the Public Prosecutor's decision No. (1) dated 1/1/1442.

The following actions are considered fraudulent:

Engaging in any action or behavior aimed at creating a false or misleading impression indicating active trading transaction on a specific security, which is contrary to the truth.

Performing a series of transactions on a specific security to influence on a particular stock.

Conducting a series of trades on a specific security, such as buying and/or selling a security, with the aim of price stabilization.

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