Business news

• BoE looking more urgently at negative rates, riskier assets - Haldane

  16-05-2020 22:54 via uk.finance.yahoo.com
  
  The Bank of England is looking more urgently at options such as negative interest rates and buying riskier assets to prop up the country's economy as it slides into a deep coronavirus slump, the BoE's chief economist was quoted as saying.The Telegraph newspaper said the economist, Andy Haldane, refused to rule out the possibility of taking interest rates below zero and buying lower-quality financial assets under the central bank's bond-buying programme.Top BoE officials have previously expressed
  
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• Revolt over easing of lockdown spreads as poll slump hits PM

  16-05-2020 22:39 via uk.finance.yahoo.com
  
  Revolt over easing of lockdown spreads as poll slump hits PMManchester mayor unleashes fury at Johnson plan, while public approval for government strategy plummets• Coronavirus – latest updates• See all our coronavirus coverage
  
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• How do some parents feel about plans to reopen schools?

  16-05-2020 22:07 via uk.finance.yahoo.com
  
  Education Secretary Gavin Williamson has said that schools in England could reopen on June 1. Speaking at the daily briefing at Downing Street, he said that the reopening of schools has been based on the “best scientific advice”. But how do parents feel about sending their children back to school?
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• Despite the horror of Australia's unemployment numbers, we haven't reached the bottom yet

  16-05-2020 22:00 via uk.finance.yahoo.com
  
  Despite the horror of Australia's unemployment numbers, we haven't reached the bottom yetAnd even if things go as hoped, in two years the unemployment rate will still be 6.5%
  
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• 'Keeping Ansett alive': an airline reborn in hipster clothes and basketball

  16-05-2020 22:00 via uk.finance.yahoo.com
  
  'Keeping Ansett alive': an airline reborn in hipster clothes and basketball. Virgin Australia’s collapse brings to mind a past airline with a new identity – museum, sports club and booming retail business
  
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• Italian PM Conte says Fiat Chrysler entitled to seek state-backed loan

  16-05-2020 20:29 via uk.finance.yahoo.com
  
  Italian Prime Minister Giuseppe Conte said on Saturday that Fiat Chrysler Automobiles NV (FCA)was entitled to apply for Italy's state guarantees on loans as the automaker employed thousands of people in the country, even though its legal base is located abroad.The UILM union said earlier Saturday that FCA had confirmed it asked the Italian government for a state-backed three-year loan, which is part of emergency liquidity measures Rome is making available to Italy's businesses amid heavy fallout
  
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• Fiat Chrysler asked Rome for a three-year state-backed loan for its Italian operations - union

  16-05-2020 20:29 via uk.finance.yahoo.com
  
  Fiat Chrysler (FCA)has asked the Italian government for a state-backed three-year loan, to help the automaker pay suppliers and continue its investment plan in the country, UILM union said on Saturday.FCA confirmed to UILM that it had asked Rome for a loan to be paid back in three years, UILM leaders Rocco Palombella and Gianluca Ficco said in a statement.
  
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• Energy dispute deepens between Mexico and foreign allies

  16-05-2020 20:10 via uk.finance.yahoo.com
  
  The European Union and Canada have formally raised concerns to Mexico about rules they say endanger renewable energy projects, escalating tensions with its government, which late on Friday moved to tighten its control over the power industry.In letters that were leaked to Mexican media on Friday, the same day they were sent, the foreign powers said the rules threatened foreign investment in the energy sector.Diplomatic sources confirmed the letters were genuine on Saturday.
  
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• Coronavirus threatens to kill off the news business

  16-05-2020 18:40 via uk.finance.yahoo.com
  
  One of the big lies of the information age is that all can share in its riches if only they try a bit harder. Just be faster, more innovative and more collaborative, and the future will be yours. When in doubt, ask yourself: what would Google do? There are few affected businesses in which this Kool-Aid has been guzzled with greater enthusiasm than news. Terrified and excited by the digital revolution, news publishers have swallowed the poison in varying quantities over two decades, half-convinci
  
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• Coronavirus threatens the extinction of the news business

  16-05-2020 18:40 via uk.finance.yahoo.com
  
  One of the big lies of the information age is that all can share in its riches if only they try a bit harder. Just be faster, more innovative and more collaborative, and the future will be yours. When in doubt, ask yourself: what would Google do? There are few affected businesses in which this Kool-Aid has been guzzled with greater enthusiasm than news. Terrified and excited by the digital revolution, news publishers have swallowed the poison in varying quantities over two decades, half-convinci
  
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• Canada's Trudeau to look at possible further aid for airlines, after Air Canada layoffs

  16-05-2020 18:13 via uk.finance.yahoo.com
  
  Canadian Prime Minister Justin Trudeau said on Saturday he would look at possible ways to help airlines further, but laid out no new measures after the country’s biggest airline announced mass layoffs due to the coronavirus pandemic.Air Canadasaid on Friday it would cut its workforce by up to 60% as the airline tries to save cash amid the COVID-19 pandemic and adjust to a lower level of traffic."This pandemic has hit extremely hard on travel industries and on the airlines particularly," Tr
  
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• Michael Jordan's daughter amazed by dad's 'other side' after watching 'The Last Dance'

  16-05-2020 17:47 via ibtimes.co.uk
  
  Jasmine Jordan was only a toddler during the peak of her father's career.
  
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• German tour giant Tui gets extra cash from UK local authorities

  16-05-2020 17:30 via uk.finance.yahoo.com
  
  The German tour giant Tui is hoovering up coronavirus support cash from local authorities in the UK even after getting €1.8bn (£1.6bn) in state aid from the German government. The world’s largest tour operator has been awarded cash from the Government’s Retail, Hospitality and Leisure Grant Fund (RHLGF) which was set up on March 17 for businesses “operating from smaller premises” in those sectors, which have been severely hit by the coronavirus crisis. Business
  
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• Coronavirus: Insolvency figures to be released monthly amid COVID-19 downturn

  16-05-2020 17:20 via uk.finance.yahoo.com
  
  Insolvencies in England and Wales decreased by 17% in April, compared tothe previous year, but the figures are skewed by a reduction in court procedures.
  
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• LeBron James, Stephen Curry will owe teams money due to coronavirus hiatus

  16-05-2020 17:11 via ibtimes.co.uk
  
  The players who already received their salary for the current season will take a pay cut in their next advance.
  
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• Coronavirus: IT workers want to permanently work from home

  16-05-2020 17:03 via uk.finance.yahoo.com
  
  The majority of IT workers want to continue working from home after lockdown lifts to cut time and costs of commuting to work.
  
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• Housebuying is back: but the market’s mood is in need of refurbishment

  16-05-2020 17:00 via uk.finance.yahoo.com
  
  Housebuying is back: but the market’s mood is in need of refurbishmentThe return of viewings is welcome news for estate agents, but many buyers are now much less certain of their position
  
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• How to build resilience for a post-COVID-19 world

  16-05-2020 16:57 via ibtimes.co.uk
  
  By focusing on six areas listed here, organizations will optimize their approach to COVID-19, while readying themselves for any similarly disruptive events in future:
  
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• British Airways cabin crew pay slashed under grim new contract

  16-05-2020 16:56 via uk.finance.yahoo.com
  
  A letter received by staff yesterday outlines plans to slash cabin crew salaries to as little as £24,000, while senior crew would have to downgrade to basic level pay.
  
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• NBA expected to lose $900 million if they cancel season

  16-05-2020 16:26 via ibtimes.co.uk
  
  The coronavirus pandemic is set to create more problems for the NBA and many other leagues.
  
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• NBA expected to lose $900 million if season gets cancelled

  16-05-2020 16:26 via ibtimes.co.uk
  
  The coronavirus pandemic is set to create more problems for the NBA and many other leagues.
  
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• Coronavirus: UK's lowest earners have been hardest hit by virus

  16-05-2020 16:20 via uk.finance.yahoo.com
  
  More than a quarter of Britain’s lowest-paid employees have either been furloughed or lost their jobs.
  
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• Coronavirus: Canary Wharf creates plan for workforce return

  16-05-2020 15:34 via uk.finance.yahoo.com
  
  Plans to bring back thousands of workers to Canary Wharf include one way routes, lift restrictions and removing soft furnishings.
  
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• Coronavirus: Property market sparks into life after shutdown

  16-05-2020 14:55 via uk.finance.yahoo.com
  
  Online property listings and searches have soared in recent days amid signs that the UK market is returning to normal.
  
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• Meet the YouTuber who made lockdown work for her

  16-05-2020 14:00 via uk.finance.yahoo.com
  
  Meet the YouTuber who made lockdown work for her. Jessica Kellgren-Fozard earns a good living online – here is her advice for aspiring vloggers
  
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• Fire Escape review – be your own Hitchcock sleuth

  16-05-2020 14:00 via uk.finance.yahoo.com
  
  Fire Escape review – be your own Hitchcock sleuth. Inspired by the Hitchcock’s Rear Window, this whodunit misses a crucial trick in the transition from classic film to video game
  
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• Coronavirus: Waitrose boss joins calls for 70,000 British fruit and veg pickers

  16-05-2020 13:41 via uk.finance.yahoo.com
  
  Ocado bosses are calling on the British public to come forward to help pick fruit and vegetables before they rot in fields, due to the lack of a 70,000 strong migrant workforce.
  
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• Longfield urges government and unions to ‘work together’

  16-05-2020 13:11 via uk.finance.yahoo.com
  
  The Children's commissioner for England has urged government and unions to “work together” in order to reopen schools. Anne Longfield said she was “dismayed" at the increasingly entrenched positions being taken by the two sides, in which the interests of children were being overlooked.
  
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• Sarah Ferguson shares rare photo on International Family Day

  16-05-2020 13:03 via ibtimes.co.uk
  
  Sarah, Duchess of York is isolating with her ex-husband Prince Andrew and daughters at their family home Royal Lodge in Windsor.
  
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• Coronavirus: £3bn self employment grant claims

  16-05-2020 13:00 via uk.finance.yahoo.com
  
  Claims for a self employment grant have hit more than £3bn since the scheme opened ahead of schedule three days ago.
  
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• Rich List reveals UK home to more female billionaires than ever

  16-05-2020 12:53 via uk.finance.yahoo.com
  
  The Sunday Times 2020 Rich List shows the UK is now home to 25 female billionaires.
  
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• Germany plans 57 billion euro aid package for virus-hit municipalities

  16-05-2020 12:13 via uk.finance.yahoo.com
  
  German Finance Minister Olaf Scholz is working on an aid package worth 57 billion euros (50.93 billion pounds) to help municipalities cope with plunging tax revenues caused by the coronavirus crisis, a ministry document showed on Saturday.The drop in business activity has hit tax revenues and left a hole in municipal finances.Scholz's aid package aims to help cities and towns stabilise their finances, according to the finance ministry document seen by Reuters.
  
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• German coalition parties clash over aid package for virus-hit municipalities

  16-05-2020 12:13 via uk.finance.yahoo.com
  
  German Finance Minister Olaf Scholz has run into opposition from Chancellor Angela Merkel's conservatives over a plan worth 57 billion euros (50.93 billion pounds) to help municipalities cope with plunging tax revenues caused by the coronavirus crisis.The drop in business activity has hit tax revenues and left a hole in public finances.The aid package from Scholz, a Social Democrat (SPD), aims to help cities and towns stabilise their finances with a cash injection worth 12 billion euros to compe
  
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• Princess Eleonore of Belgium heads back school as lockdown restrictions ease

  16-05-2020 12:09 via ibtimes.co.uk
  
  King Philippe and Queen Mathilde have been carrying out their royal duties remotely from their official residence the Castle of Laeken, in Brussels.
  
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• British grocer Tesco's slavery review reports abuses in Malaysia

  16-05-2020 12:05 via uk.finance.yahoo.com
  
  U.K.-based multinational groceries chain Tesco PLChas found abuses against migrant workers at its stores and distribution centres in Malaysia and Thailand, it said in its annual modern slavery statement.The company listed allegations based on interviews with 168 migrant workers in Malaysia and 187 in Thailand that included passport retention, unexplained and illegal wage reductions, heavy indebtedness to labour brokers and excessive overtime work.In Malaysia, the passports of 68 Indonesian and 1
  
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• Coronavirus: Firms struggling to receive £50k bounce back loan

  16-05-2020 12:03 via uk.finance.yahoo.com
  
  Business owners feel let down by leading banks as they struggle to access £50,000 bounce back loans.
  
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• UK housing market set to return — but not with a bang

  16-05-2020 12:00
  Sellers told to keep doors open, wait in the garden and keep pets at bay
  
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• One-fifth of FTSE 100 companies tap government wage scheme

  16-05-2020 12:00
  Only five of the UK’s largest listed businesses have made permanent job cuts, according to FT analysis
  
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• China asks United States to stop 'unreasonable suppression' of Huawei

  16-05-2020 10:50 via uk.finance.yahoo.com
  
  China's foreign ministry said on Saturday the United States needed to stop the "unreasonable suppression" of Chinese companies like Huawei, and a Chinese newspaper said the government was ready to retaliate against Washington.The Trump administration on Friday moved to block global chip supplies to blacklisted telecoms equipment company Huawei Technologies [HWT.UL], spurring fears of Chinese retaliation and hammering shares of U.S. producers of chipmaking equipment.China will firmly defend its c
  
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• Prince William, Kate Middleton Zoom call mental health charity to mark anniversary

  16-05-2020 10:12 via ibtimes.co.uk
  
  The volunteers spoke to the Duke and Duchess of Cambridge about the role the service is playing during the crisis.
  
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• Student loans: what do I need to know about applying?

  16-05-2020 10:00 via uk.finance.yahoo.com
  
  Student loans: what do I need to know about applying?Despite the uncertainty caused by the lockdown, this could be the best time to get organised
  
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• 'I'm living on cards': The firms waiting for emergency loans

  16-05-2020 09:06 via bbc.co.uk
  
  BBC News has seen a string of complaints about leading banks from customers unable to get any money.
  
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• Women of means: UK now home to 25 female billionaires

  16-05-2020 09:01 via uk.finance.yahoo.com
  
  Women of means: UK now home to 25 female billionaires. Kirsten Rausing of Tetra Pak family tops 2020 Sunday Times Rich List with £12.1bn fortune
  
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• UK's 7,000 gyms prepare for post-lockdown health warning

  16-05-2020 09:00 via uk.finance.yahoo.com
  
  UK's 7,000 gyms prepare for post-lockdown health warning. Hygiene measures planned but cost concerns and ‘Joe Wicks effect’ may slash membership
  
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• 'Rainbow sale': high street gears up for massive post-lockdown discounts

  16-05-2020 09:00 via uk.finance.yahoo.com
  
  'Rainbow sale': high street gears up for massive post-lockdown discounts. Analysts forecast wall-to-wall sales as retail giants are forced to clear £15bn worth of stock
  
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• Heroes or zeroes?

  16-05-2020 08:32 via uk.finance.yahoo.com
  
  Investing decisions that look obvious in hindsight aren't in real-time.The post Heroes or zeroes? appeared first on The Motley Fool UK.
  
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• Thousands of UK students caught in rent trap by private landlords

  16-05-2020 08:00 via uk.finance.yahoo.com
  
  Thousands of UK students caught in rent trap by private landlordsWhile campuses are shut by Covid-19, students are still being forced to pay for unused accommodation* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Should I book a summer holiday despite the lockdown?

  16-05-2020 08:00 via uk.finance.yahoo.com
  
  Should I book a summer holiday despite the lockdown?I’ve got nothing arranged and I’m worried it’s too late to get a cottage or even a campsite
  
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• Cash could be the latest victim of coronavirus – and may never recover

  16-05-2020 08:00 via uk.finance.yahoo.com
  
  Cash could be the latest victim of coronavirus – and may never recoverMore people are turning to online banking and contactless payments amid pandemic concerns* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Zara and Mike Tindall 'Clap For Carers' in matching charity T-shirts supporting NHS

  16-05-2020 07:39 via ibtimes.co.uk
  
  The British monarch's granddaughter celebrated her birthday amid the virus lockdown, on Friday.
  
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