Features

Quiz of the week 24-30 October

Heathrow lost its place as the busiest European airport this week. Which airport took its place – and what else happened in the last seven days? Test your knowledge with our quiz of the week.

1. Berlin’s $7bn airport finally opened this week. Long-delayed, when was it originally scheduled to open?

a. 2014, b. 2008, c. 2012, d. 2016

2. Which city in the UK has had the biggest increase in “million-pound streets” — streets with an average house price of £1m?

a. Winchester, b. Poole, c. York, d. Edinburgh

3. Heathrow lost its place as the busiest European airport this week. Which airport took its spot?

a. Paris Charles de Gaulle, b. Amsterdam Airport Schiphol, c. Frankfurt am Main, d. Adolfo Suárez Madrid–Barajas 

4. Why did the share prices of several of Samsung’s businesses rise this week?

a. It announced they were working on a coronavirus vaccine, b. Its board reshuffled after an activist investor’s campaign was successful, c. It announced it was planning to merge with video game company Nintendo, d. Chairman Lee Kun-hee’s death left the company’s heirs with a huge inheritance tax bill

5. UK house prices posted their biggest annual gain in five years this week. What is believed to be behind the increase?

a. Buyers are looking for second homes in the country, b. Buyers were prompted by the stamp duty holiday, c. More properties are available in big cities as people move away, d. Landlords are snapping up properties cheap due to the coronavirus crisis

6. Which budget airline was forced to sell its aircrafts to help inject some life into its balance sheet?

a. Ryanair, b. Wizz Air, c. Vueling, d. easyJet

7. Which asset manager called for an overhaul of environmental, social and governance reporting this week, pushing for globally recognised framework instead of the current “alphabet soup” of standards?

a. Vanguard Group, b. BlackRock, c. State Street Global Advisors, d. Pimco

8. The eurozone’s four largest economies – Germany, France, Italy and Spain – posted above average growth results for the third quarter of 2020 as they rebounded from their coronavirus-induced recessions. Which country posted the largest jump?

a. Germany, b. Italy, c. France, d. Spain

9. Which European country was the first to reimpose a nationwide lockdown, which will see all non-essential business, including hairdressers and barbers, close?

a. Ireland, b. France, c. Germany, d. Spain

10. Under the coronavirus Job Retention Scheme, workers received 80% of their pay. As that comes to an end, what percentage of a worker’s salary will the government pay under the Job Support Scheme as it attempts to support struggling businesses?

a. 75%, b. Still 80%, c. 67%, d. 77%

Answers

1. c. 2012. “The airport’s history is an embarrassing tale for Germany’s exalted reputation for punctuality and engineering prowess”, says Stefan Nicola on Bloomberg. Construction on the Berlin Brandenburg Willy Brandt Airport began in 2006.

2. d. Edinburgh. The number of “million pound streets” jumped from two in 2015 to 22 in 2020, a 1000% increase, Rightmove found. Hill Place, by the city’s Old Town, is the most expensive street; average properties there cost £1.2m.

3. a. Paris Charles de Gaulle. Heathrow saw 18.9 million passengers in the first nine months of the year, compared to rival Paris’s 19.27 million in the same period.

4. d. Chairman Lee Kun-hee’s death left the company’s heirs with a huge inheritance tax bill. The electronics company announced Lee Kun-hee, “who transformed Samsung into the world’s largest producer of smartphones and memory chips”, died aged 78, says Tom Ball in The Times. Speculation that his death will spark a restructuring of the group’s complicated business interests (partly due to the huge IHT bill his heirs will have to pay) pushed shares in Samsung C&T and Samsung Life insurance up by 21.2% and 15.7% respectively.

5. b. Buyers were prompted by the stamp duty holiday. The stamp duty holiday on the first £500,000 of any transaction, saving buyers up to £15,000, boosted the property market’s recovery.

6. d. easyJet. easyJet raised £305m by selling nine of its Airbus 320 planes to leasing companies in Ireland. The carrier is expected to post annual losses of over £1.2bn for the year to September as the coronavirus pandemic continues to decimate the travel industry.

7. b. BlackRock. The $7.8trn asset manager, the largest in the world, said the “wide array of private sector” standards need to be replaced with a single global framework to make it easier for investors to understand, says Attracta Mooney in the Financial Times.

8. c. France. France posted a quarterly growth rate of 18.2%, while Germany, Italy, and Spain’s results were up 8.2%, 16.1% and 16.7% respectively. Output remains well below pre-pandemic levels, however, and is threatened by the rising number of cases across the bloc.

9. a. Ireland. Ireland announced the restrictions last week. France and Germany ordered their countries back into lockdown this week.

10. c. 67%. The government will pay workers 67% of their wages, up to £2,083.33, where their employers have been forced to close due to tier three restrictions.

Recommended

Made money in cryptocurrencies? Don’t forget to pay your taxes – in sterling
Bitcoin & crypto

Made money in cryptocurrencies? Don’t forget to pay your taxes – in sterling

Speculating on cryptocurrencies is akin to gambling in all but one respect, says Merryn Somerset Webb: you must pay tax on any gains, and you must pay…
18 Jan 2022
HubSpot: a tech stock set to tumble
Trading

HubSpot: a tech stock set to tumble

US tech stocks have had a fantastic couple of years. But this year is unlikely to be so bullish for high-fliers that can’t turn big profits.
18 Jan 2022
How to help your business cope with rising energy costs
Small business

How to help your business cope with rising energy costs

With rising energy costs putting cost pressures on the country's businesses, the best way to keep the lights on is to make sure you’re turning them of…
18 Jan 2022
How to save money when getting a divorce
Personal finance

How to save money when getting a divorce

If you're thinking of getting a divorce, waiting for the new laws in the next tax year could ensure a difficult process becomes a lot cheaper.
18 Jan 2022

Most Popular

Five unexpected events that could shock the markets in 2022
Stockmarkets

Five unexpected events that could shock the markets in 2022

Forget Covid-19 – it’s the unexpected twists that will rattle markets in 2022, says Matthew Lynn. Here are five possibilities
31 Dec 2021
Which investment trusts performed the best in 2021?
Investment trusts

Which investment trusts performed the best in 2021?

Shivani Khandekar runs through the top ten investment trusts of 2021 – and the worst performing trusts – and looks ahead to 2022.
7 Jan 2022
Interest rates might rise faster than expected – what does that mean for your money?
Global Economy

Interest rates might rise faster than expected – what does that mean for your money?

The idea that the US Federal Reserve could raise interest rates much earlier than anticipated has upset the markets. John Stepek explains why, and wha…
6 Jan 2022