COVID-19 Business News

wages, salary, furlough

Employers welcome UK government decision to extend furlough scheme

By Hal Williams A DECISION to extend the British government’s furlough programme has been met with relief by UK employers. The Chancellor of the Exchequer, Rishi...
Working from home, working in office

Home or office? Future is hybrid, say HR heads

MOST HR professionals — 65 percent of them — believe workers will divide their time between office and home after pandemic restrictions have been...
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...

UK faces ‘productivity collapse’ as remote workers admit they do less

BRITAIN’S economy is on the brink of a productivity collapse, with homebound workers admitting they get away with an average of two hours and...
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...
Euro bank notes

ECB launches new aid package to soothe effects of pandemic

By HAL WILLIAMS THE EUROPEAN Central Bank has launched a €750bn emergency package to buy government and company debt across the eurozone. The temporary purchasing scheme...
Zoom conference call on laptop

SMEs head online to counter lockdown — and find surprise benefits

SMALL UK businesses are moving the bulk of their services online as the sector takes tentative steps towards recovery. Small Business Britain and BT Skills...
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...
Female speaker, training class, skills gap

Staffing association calls on UK government to address skills gap

LABOUR market data from the UK’s Office for National Statistics have elicited a welcome — and a caution — from the Association of Professional...
Luxury resort, pool, sea, palm tree

The birth of the travel subscription model

By DANA DUNNE THE SIGNIFICANT increase in subscription spending during the pandemic has caught the attention of businesses across the globe. In fact, according to...