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Friday, August 7, 2020
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More than 33 million apply for US unemployment benefits

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the coronavirus outbreak deepened the worst US...

Boeing to cut 10% of workforce after reporting large losses

Boeing is cutting about 10% of its workforce to deal with a downturn in business that started with the grounding of its best-selling jet...

Jingye set to save British Steel plant, and 4,000 jobs

A Chinese industrial giant is set to come to the rescue of British Steel within days, buying out its embattled plant in Scunthorpe in...

Nissan to axe 12,500 jobs in bid to cut costs

Nissan is slashing 12,500 jobs, or about 9% of its global workforce, in an effort to cut costs and achieve a turnaround amid tumbling...

Boots confirms 200 store closures

Boots has confirmed that a store closure programme will affect around 200 locations, primarily local pharmacies. The retail chain said its owner, Walgreens Boots Alliance,...

Ford to cut 12,000 jobs in Europe

Carmaker Ford has said it is shedding 12,000 jobs in Europe to increase profitability, as part of a global trend of cost cutting by...

Ford announces thousands of white collar job losses

Car giant Ford is cutting about 7,000 white-collar jobs, about 10% of its global workforce. The company has said it was undertaking a major restructuring,...

Thousands of UK jobs at risk as HMV nears collapse

Music retailer HMV is at risk of becoming the first high street casualty after Christmas as it teeters on the brink of administration. The group,...

Lloyds to axe more than 6,000 jobs in digital push

Lloyds Banking Group has confirmed it is to axe 6,240 jobs as part of a digital overhaul. The British high-street lender said that as part...

Volkswagen to cut 30,000 jobs

Volkswagen is to cut 30,000 jobs in a restructuring plan as it tries to recover from a scandal over cars rigged to cheat on...

Latest news

Valtteri Bottas to drive for Mercedes again next season

Valtteri Bottas has been retained by Mercedes for 2021. The Finnish driver heads into this weekend’s 70th Anniversary Grand Prix at Silverstone 30 points adrift...

Zinedine Zidane: Gareth Bale ‘didn’t want to play’ against Manchester City

Real Madrid coach Zinedine Zidane has said Gareth Bale opted to miss Friday’s Champions League clash against Manchester City. Wales international Bale has fallen out...

Ohio governor tests positive for coronavirus just before Donald Trump meeting

Ohio Governor Mike DeWine has tested positive for coronavirus, just ahead of a planned meeting with President Donald Trump. The Republican governor’s office said that...

Eurotunnel sees demand return quicker than airlines

Demand for car-carrying Channel Tunnel trains is returning to pre-coronavirus pandemic levels quicker than air travel, new figures show. Some 233,172 passenger vehicles were carried...

Macron urges reform as Lebanese officials seek to shift blame over blast

Lebanese officials targeted in the investigation into the massive blast that tore through Beirut have sought to shift blame for the presence of explosives...
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