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...
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...
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...
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...
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...
Oil tanker at sea, platform in background

Oil price hits negative territory, Virgin ailing, firms need wage aid

CORONAVIRUS infections are dropping in many countries, but corporate and financial impacts are increasingly being felt. Virgin Australia is going into administration, the US oil...
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...
UNCTAD logo

Shipping data points to a rebound in world trade: UNCTAD report

THE NUMBER of ships pulling into ports to unload and load containers rebounded in many parts of the world in the third quarter of...
2019 Mercedes F1 car

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...
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...