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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By Jessica Weisman-Pitts

    Posted on December 22, 2021

    Featured image for article about Top Stories

    LONDON (Reuters) – Wales will introduce more restrictions, including social distancing and mandatory table service in bars and restaurants, from Dec. 26 to stem the spread of the Omicron variant of the coronavirus, First Minister Mark Drakeford said on Wednesday.

    The new measures follow similar restrictions announced by Scotland on Tuesday and go beyond anything announced for England so far.

    British Prime Minister Boris Johnson said on Tuesday he would not be introducing new COVID-19 restrictions in England before Christmas, but the situation remained extremely difficult and the government might need to act afterwards.

    “The UK government is in a state of paralysis,” Drakeford told reporters. “Omicron has a doubling time of around two days and on that basis by Boxing Day we can expect to see many thousands of new cases across Wales every day.” he said.

    New “Alert Level Two” measures in Wales will require two metres (6.6 feet) social distancing in all premises open to the public and in workplaces, while the “rule of six” will apply to gatherings in regulated premises, such as hospitality, cinemas and theatres.

    All licensed premises will be table service only and customer contact details will have to be collected. Face coverings will also be required in hospitality settings at all times apart from when seated.

    Large events will be prohibited, both indoor and outside.

    Drakeford said the maximum number of people who can gather at an indoor event will be set at 30, while 50 people will be able to gather outdoors.

    However, the Welsh government has decided against making new legal rules on how people mix in each others’ homes and private gardens. It would instead issue updated guidance.

    Wales had already decided to introduce new measures for retail and for workplaces when they reopened after Christmas, that nightclubs would close and that sporting fixtures would have to be behind closed doors.

    Drakeford said 120 million pounds ($160 million) would be made available for businesses affected by the new restrictions.

    ($1 = 0.7513 pounds)

    (Reporting by James Davey; Editing by Mark Heinrich)

    LONDON (Reuters) – Wales will introduce more restrictions, including social distancing and mandatory table service in bars and restaurants, from Dec. 26 to stem the spread of the Omicron variant of the coronavirus, First Minister Mark Drakeford said on Wednesday.

    The new measures follow similar restrictions announced by Scotland on Tuesday and go beyond anything announced for England so far.

    British Prime Minister Boris Johnson said on Tuesday he would not be introducing new COVID-19 restrictions in England before Christmas, but the situation remained extremely difficult and the government might need to act afterwards.

    “The UK government is in a state of paralysis,” Drakeford told reporters. “Omicron has a doubling time of around two days and on that basis by Boxing Day we can expect to see many thousands of new cases across Wales every day.” he said.

    New “Alert Level Two” measures in Wales will require two metres (6.6 feet) social distancing in all premises open to the public and in workplaces, while the “rule of six” will apply to gatherings in regulated premises, such as hospitality, cinemas and theatres.

    All licensed premises will be table service only and customer contact details will have to be collected. Face coverings will also be required in hospitality settings at all times apart from when seated.

    Large events will be prohibited, both indoor and outside.

    Drakeford said the maximum number of people who can gather at an indoor event will be set at 30, while 50 people will be able to gather outdoors.

    However, the Welsh government has decided against making new legal rules on how people mix in each others’ homes and private gardens. It would instead issue updated guidance.

    Wales had already decided to introduce new measures for retail and for workplaces when they reopened after Christmas, that nightclubs would close and that sporting fixtures would have to be behind closed doors.

    Drakeford said 120 million pounds ($160 million) would be made available for businesses affected by the new restrictions.

    ($1 = 0.7513 pounds)

    (Reporting by James Davey; Editing by Mark Heinrich)

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