COVID-19 Business News

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...
Amazon warehouse in Spain

Amazon workers unlimited Covid-19 sick leave… with a few strings attached

CORONAVIRUS is causing havoc in the business world, and some novel stop-gap solutions are appearing amid the chaos. Amazon has good and bad news for...
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...
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...
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...
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...
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...
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...
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...
Movement to Work logo

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...