U.K. Opening Fears; Chinese Bankers Lose Perks: Virus Update Bloomberg 1 hr ago Bloomberg News (Bloomberg) -- U.K. Prime Minister Boris Johnson faced warnings that his plan to ease remaining coronavirus restrictions in England could lead to a surge in infections that will strain hospitals and undermine an economic recovery. Australia has a “firm commitment” to launch a quarantine-free travel bubble with Singapore, likely to now occur by year-end due to Sydney’s outbreak, Australia’s top diplomat to the city-state said. The number of Sydney residents hospitalized by Covid-19 rose to 65, a sign that authorities might impose tighter curbs on movement. China’s two biggest investment banks are cutting travel budgets and asking managing directors to fly coach.