COVID-19 Business News

Insolvency - letter cubes

Corporate insolvencies as pandemic restrictions fade

By PATRICE CROSBOURNE THE UK Government Insolvency Service has released statistics for corporate insolvencies in England and Wales for May 2022. An increase in corporate insolvencies...
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...
Businessman in handcuffs. Covid scheme fraud illustration

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...
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...
Tablet showing graphs, technology, fintech

Fintech funding key to keeping SMEs strong after end of loans

ONE OF Europe’s largest business lenders says the fintech industry must be strengthened to support SMEs after the Bounce Back Loan scheme closes at...
SBA Paycheck Protection Program

Covid relief programme ‘looted by fraudsters’

UNITED States prosecutors are investigating “the largest fraud in US history” — billions of taxpayer dollars for coronavirus aid stolen and used to buy...
Zoom conference call on laptop

Pandemic policies linger on — and ‘hurt workers’

RESEARCH shows 59 percent of workers in “deskless” industries — manufacturing, care, construction, and retail — believe the negative effects of the pandemic are...
Skyscrapers with aircraft in sky

Job-swap hope for airline workers — but misery for EasyJet staff

By Hal Williams IN A WEEK where EasyJet announced plans to cut up to 30 percent of its employees to save costs, home healthcare company...
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...
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...