COVID-19 Business News

Diamond Light Source Macromolecular Crystallography

AI to the rescue? Oxford-based firm enters partnership to crack COVID-19

AN AI-DRIVEN drug-discovery company in the UK has entered a joint initiative to advance compounds that could treat COVID-19. Oxford-based Exscientia has teamed-up with Diamond...
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...
Pott'd founders Frankie and Sascha

A founder’s story, and some Pott’d history

Lockdown was indisputably dull, but as FRANKIE THOROGOOD recounts, the boredom led to an exciting business idea... THE INSPIRATION for Pott’d came during a Groundhog...
Rishi Sunak, UK Chancellor

Mixed but generally positive responses to Sunak’s revised support package

By HAL WILLIAMS THE UK government’s new package of measures to support businesses through to March 2021 has met with differing responses from the business...
Tablet showing graphs, technology, fintech

As everything falls apart, UK tech sector shows resilience

THE UK’S fastest-growing sector, the tech industry, will maintain resilience despite the Covid-19 outbreak. That optimistic claim follows analysis from recruitment firm Robert Walters. In...
Four Horsemen of Apocalypse, by Viktor Vasnetsov

A menace by any other name: the ‘equaliser’ that just isn’t

By William Roman COVID-19 and coronavirus are the most common names for it, but some sociologists and economists are tentatively hailing the virus as the...
Chancellor of the Exchequer, Autumn Statement

Sunak’s Budget brings relief to many – with a few misgivings

By HAL WILLIAMS THE BRITISH chancellor Rishi Sunak has announced the 2021 Budget, with pledges to help recovery from the Covid pandemic. The support package for...
Zara shop

Online push from Inditex as up to 1,200 stores to close

INDITEX, the Spanish owner of fashion and clothing stores Zara, Bershka, Pull & Bear and Massimo Dutti, will close up to 1,200 outlets around...
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...
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...