UK & Europe

CPK Concept

Britain and Poland sign deal to develop ambitious travel hub

THE UK and Poland have signed an agreement to co-operate on the development of an international airport and railway interchange. The decision to press on...
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...
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...
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...
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...
EU flag coronavirus graphic

Fresh EU coronavirus recovery package has detractors up north

EU HEADS have agreed to set up a €540bn post-pandemic recovery fund, tied to the EU’s seven-year budget. European Council president Charles Michel, who chaired...
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...
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...
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...
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...