COVID-19 Business News

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Senior leaders call on UK business owners ‘not to fail young...

NEARLY one year on from the first lockdown, more than one in 10 young people have lost their jobs, with the number of 16...
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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...
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Ukraine invasion could drive a recession and is crippling retail

Deloitte economist looks beyond the immediate tragedy of war to predict tough times ahead THE WAR in Ukraine has dramatically dialled up the risk of...
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Coronavirus co-operation across sectors comes up with promising equipment

THE MERCEDES F1 team is an unlikely player in the medical field, but it has had a major role in the development of a...
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Engineering firm funds research into lasting flexible work systems

BUILDING and civil engineering company Sir Robert McAlpine has funded a study using first-person accounts to provide employers with “more than stats” on the subject of...
Rishi Sunak, UK Chancellor

Latest UK government scheme adds ‘bounce’ for businesses

CHRISTINA NAWROCKI explains the most recent UK initiative to support small businesses left floundering by the pandemic UK CHANCELLOR of the Exchequer Rishi Sunak recently...
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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...
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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...
Rishi Sunak, UK Chancellor

Second helping of aid for the UK’s self-employed

SELF-EMPLOYED people whose income has been hit by coronavirus can apply for a second support grant from the UK government. The first was launched in...
British Airways

Quarter of BA jobs going: 12,000 staff members face the axe

BRITISH Airways says it will be forced to make up to 12,000 staff redundant because of the global collapse of air travel. CEO Alex Cruz...