Quiz of the week 27 June – 3 July

Test your recollection of the events of the last seven days with MoneyWeek's quiz of the week.

1. Which two UK locations were revealed as the UK’s top coronavirus hotspots in a data analysis by the Financial Times?

a. Leicester and Swansea b. Leicester and Llanelli c. Leicester and Caerphilly d. Leicester and Merthyr Tydfil

2. Which English Football League team fell into administration this week?

a. Wigan Athletic b. Barnsley FC c. Leeds United d. Sheffield Wednesday

3. The world’s third largest economy looks set to experience its worst post-war recession. What is the world’s third largest economy?

a. Germany b. China c. Japan d. India

4. Which supermarket’s digital sales doubled during lockdown, delivering strong first-quarter results?

a. Tesco b. Ocado c. Waitrose d. Sainsbury’s

5. Travel restrictions are set to be dropped for travellers from Spain, Italy, France, Germany and up to how many other countries?

a. 20 b. 60 c. 40 d. 10

6. A group of over 500 companies, including Starbucks and Coca-Cola, are protesting against how Facebook handles “hate speech” and misinformation on the platform by pulling their ads, resulting in a loss of how much in revenue?

a. $6.5bn b. $8.3bn c. $4.5bn d. $7.2bn

7. An increase in coronavirus cases in California, Texas, and Arizona saw the US reach record numbers of new diagnoses on Wednesday. To the nearest thousand, how many cases were reported across the country?

a. 30,000 b. 45,000 c. 50,000 d. 35,000

8. Tesla became the world’s most valuable carmaker, overtaking Toyota after its share price hit a record high of how much this week?

a. $1,234 b. $1,034 c. $1,134 d. £1,334

9. How many jobs did the US gain in June, showing the economy may be healing faster than anticipated?

a. 2.8 million b. 3.4 million c. 1.9 million d. 4.8 million

10. Which South American city beat one of the world’s worst outbreaks of Covid-19?

a. Lima b. Montevideo c. Guayaquil d. Asunción

Answers

1. d. Leicester and Merthyr Tydfil. The English city and Welsh town have over 100 new confirmed cases per 100,000 people – ten times the UK-wide average, says the Financial Times.

2. a. Wigan Athletic. Administrators said the side went under after its new owners refused to invest the money they promised, and not because of Covid-19.

3. c. Japan. Industrial output in Japan has fallen to its lowest level since the 2008 financial crash, while the unemployment rate has reached a three-year high.

4. d. Sainsbury’s Sainsbury’s online sales shot up by 87%, making up 17% of the supermarket’s food business, compared to 7% last year, says Ashley Armstrong in The Times.

5. b. 60. The government’s rule change will come into effect on 10 July.

6. d. $7.2bn. Shares of the social media company were also affected, which wiped $56bn from its market value and pushed Mark Zuckerberg’s net worth down to $82.3bn, says Siraj Datoo on Bloomberg.

7. c. 50,000. Some 52,982 people tested positive on Wednesday, up from the previous record on June 26 by just over 8,600.

8. c. $1,134 The share price increase left it with a market value of $209.47bn, over $4bn more than Toyota’s current stockmarket value.

9. d. 4.8 million. Despite the 4.8 million increase in jobs, the US labour market is still operating with 15 million fewer jobs than in February. A recent surge in coronavirus infections across the south of the country threatens to throw the recovery off course.

10. c. Guayaquil. The Ecuadorean city was hit by one of the world’s worst coronavirus outbreaks, with corpses piling on street corners for days at a time, say Ryan Dube and José de Córdoba in the Wall Street Journal. The city went from 778 deaths at the height of the pandemic to 60 deaths a day in June, with just a handful attributed to Covid-19.

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