COVID-19 Business News

Samsung phone

Samsung sees jump in Q2 profits thanks to remote working trend

SAMSUNG Electronics earnings have been boosted by the work-from-home boom. The world’s largest smartphone manufacturer announced Q2 operating profits up 23 percent compared with last...
shop door, open sign

A nation of shopkeepers? Entrepreneurs, more like!

ENTREPRENEURIAL Britain is a two-day initiative planned for 2021 and designed “to reignite the entrepreneurial spirit” of UK towns and cities. The outbreak of Covid-19...
Business closed

Relief for small firms as rent moratorium runs until 2022

THE FEDERATION of Small Businesses (FSB) has welcomed the extension to a moratorium on commercial tenant evictions in England until March 25 next year. FSB...
SBA Paycheck Protection Program

Covid relief programme ‘looted by fraudsters’

UNITED States prosecutors are investigating “the largest fraud in US history” — billions of taxpayer dollars for coronavirus aid stolen and used to buy...
Hands, calculator, paperwork

Bid to ease virus impacts on cash flow ‘flawed’ — CEO

THE UK government’s proposed Coronavirus Business Interruption Loan Scheme (CIBLS) is coming in for some criticism. HM Treasury and the Bank of England last week...
US Federal Reserve building

Holdun Family Office finds serenity and growth amid pandemic chaos —...

Holdun’s uncorrelated Alternative Investment Funds provide shelter from the oscillations of the volatile equity market. MICHAEL O’CONNOR reports. THE FIRST half of 2020 has been...
Spanish property market, €3m plus house

Dream is alive, but the landscape has changed for UK second-home...

The pandemic pain in Spain falls mainly on the lower end of the property market — but, as HAL WILLIAMS discovers, international second-home owners...
EU flag coronavirus graphic

Fresh EU coronavirus recovery package has detractors up north

EU HEADS have agreed to set up a €540bn post-pandemic recovery fund, tied to the EU’s seven-year budget. European Council president Charles Michel, who chaired...
Businessman in handcuffs. Covid scheme fraud illustration

Lengthy bans for directors who fiddled Covid scheme

AN AVERAGE of 35 directors are being banned by the UK Insolvency Service each month for abusing the Covid Support Scheme. That’s almost treble the...
Oil tanker at sea, platform in background

Oil price hits negative territory, Virgin ailing, firms need wage aid

CORONAVIRUS infections are dropping in many countries, but corporate and financial impacts are increasingly being felt. Virgin Australia is going into administration, the US oil...