Chancellor Rishi Sunak has unveiled a series of measures to cover the wages of millions of people suddenly left without work and prevent businesses going bankrupt due to the coronavirus crisis. The so-called coronavirus job retention scheme enables businesses to continue paying part of their employees’ salary who would otherwise have been laid off because … Read more
The travel world is in turmoil right now but hoteliers, tour operators and transport firms are making great efforts to help Britons stranded abroad or needing help at home. Others are offering accommodation, food and online advice as we pull together to fight the global crisis. A full refund Budget ski specialist Action Outdoors has … Read more
Telecom companies urge people to ‘Stay Home’ in messages sneaked onto their phones’ home screens The messages are displayed next to normal network information They urge users to stay home amid an ongoing coronavirus pandemic Users in Germany, Peru, Turkey, and more have reported seeing them Coronavirus symptoms: what are they and should you see … Read more
The US Food and Drug Administration (FDA) has warned American companies against shipping at-home coronavirus testing kits, despite relaxing its approval process for diagnostics for the virus sweeping the nation and globe. It comes after several companies, including Silicon Valley biotech start-ups like Nurx and Carbon Health began developing their own at-home sample collection sets. … Read more
AI speech recognition systems from five major tech companies are biased toward people of color, as they make twice as many errors transcribing speech from black people than they do from whites, study reveals Study found systems from Apple, Microsoft, Google, Amazon and IBM are biased Fed technologies some 2,000 speech samples from blacks and … Read more
Drop bonuses, bosses urged as a dozen London-listed companies suspend or axe dividend By Lucy White For The Daily Mail Published: 21:50 GMT, 19 March 2020 | Updated: 22:12 GMT, 19 March 2020 Bosses were last night urged to ditch their bonuses as a dozen London-listed companies suspended or axed their dividends. In another blow … Read more
The FTSE 100 index of Britain’s biggest listed companies has slumped almost 30 per cent since the start of the year. The FTSE 250 index has been equally hammered and smaller AIM stocks are suffering badly, too. Coronavirus has panicked markets and the future seems more uncertain than ever, even as the Government, central banks and … Read more
President Donald Trump tweeted on Friday that four major cruise ship companies have agreed to suspend trips from the U.S. for 30 days, effective at midnight. Trump said that Carnival, Royal Caribbean, Norwegian and MSC Cruises all agreed to the suspensions. He said the cruise line industry is a ‘great and important industry – it … Read more
Germany has promised its companies the biggest economic aid package in the country’s post-war history to help them cope with the impact of COVID-19. ‘Unlimited’ credit has been offered to keep the country’s economy afloat during the ongoing coronavirus outbreak. Germany’s Finance Minister Olaf Scholz reassured businesses during a press conference alongside the Minister of Economics … Read more
Smartphone owners are being given new rights to have their device repaired under laws introduced by the EU that could put an end to ‘throwaway culture’. Manufacturers will made to fix broken electronic devices under the EU’s new Circular Economy Action Plan (CEAP), which will also cover the UK despite Brexit. The plan, unveiled on … Read more