COVID-19 Business News

Thomas Cook shop

Firm that snapped-up troubled Thomas Cook is facing job cuts

THE COMPANY that bought-up 2,000 defunct Thomas Cook shops last October has warned that almost 900 of its staff may lose their jobs. Hays Travel...
World Bank Logo

Technology to the rescue in fight to halt spread of virus

BV features a report from the World Bank on water initiatives in Africa to combat the transmission of Covid-19 LIKE many Malawians who live in...
Tablet showing graphs, technology, fintech

Fintech funding key to keeping SMEs strong after end of loans

ONE OF Europe’s largest business lenders says the fintech industry must be strengthened to support SMEs after the Bounce Back Loan scheme closes at...
Online Banking, Laptop

Banks ramp-up tech recruitment following pandemic — retail banking ‘may disappear’

The advance of digital currency is one thing, but the swiftness by banks to incorporate tech roles is another ANALYSTS predict online banking penetration in...
Roaring Twenties

Roaring ’20s, take two: Life returns to the high street

AS THE pandemic’s disruption fades, new patterns in consumer behaviour are taking shape. Increases in spending at the start of this year, coupled with the...
People meeting around table in office with biophilic design

Boutique offices are the new trend

By JOHN DROVER THE JLL Future of Work survey found that 75 percent of commercial real estate leaders believe that flexible working patterns are critical...
UK Government loan

Covid-19 loan schemes ‘a debt, not a grant’ cautions UK Finance

UK BUSINESSES are pessimistic about their growth potential once the COVID-19 crisis passes. A survey of 1,200 firms has found that the pandemic has negatively...
British Airways

BA chief ejected as airline navigates Covid turbulence

AILING British Airways has announced a decision to remove Alex Cruz from his position as chief executive. His place will be taken by Aer Lingus...
Contactless payment with smartphone

Contactless ‘in-touch with wary consumers’ — cash ‘faring poorly’

CONTACTLESS spending could soon account for 47 percent of all transactions, according to research carried out by the Centre of Retail Research (CRR). It examined...
Business closed

UK firms on cliff edge as crisis continues, distress tracker reveals

MORE than a half-a-million UK businesses are facing a high risk of insolvency, and 250,000 may not survive another month without a change to...