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Thursday, July 9, 2020
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CATEGORY

BUSINESS

UK slashes VAT to 5% on meals and accommodation in bid to help hospitality sector

The UK will cut the VAT rate on food, accommodation and attractions in a major boost for hospitality firms hit hard by the coronavirus...

EU forecasts deeper economic hit from coronavirus pandemic

The European Union’s executive arm has forecast that the bloc’s economy will contract more than previously expected because of the coronavirus pandemic. The 27-nation EU...

UK unemployment rate could hit 15% after second Covid wave, OECD warns

Nearly one in seven people in the UK might be unemployed by the end of this year if a second wave of the pandemic...

H&M to shut 170 stores this year after virus impact

Fashion giant H&M has said it plans to shut 170 of its stores across Europe after accelerating closure plans in the face of coronavirus. The...

UK demand for new cars down almost 35% in June

Demand for new cars fell by 34.9% last month, an automotive industry body said. Only 145,377 new cars were registered in June compared with 223,421...

UK retail job losses: 24,000 and rising

More than 24,000 jobs have already been lost in the UK, across high street retailers in administration, in the first half of 2020 after...

Five released from Turkish jail ahead of trial in Carlos Ghosn flight case

A Turkish court has released four pilots and a private airline official from jail, pending the outcome of their trial on charges of smuggling...

Coronavirus sees UK economy suffer largest fall since 1979 in first quarter

The UK economy contracted by more than first thought between January and March as the coronavirus crisis saw activity tumble 2.2% in the joint...

Coronavirus: Local lockdowns in UK would be the ‘final straw’ for businesses

A Leicester shop owner has said businesses urgently need financial help if they are to avoid collapse due to the renewed lockdown placed on...

Sainsbury’s set to post ‘reassuring’ sales jump in new chief’s first update

Sainsbury’s in the UK is expected to reveal a jump in sales for the past three months, in Simon Roberts’ first update as the...

Latest news

Hundreds stranded in Japan as downpours cause more than 60 deaths

Flooding and mudslides have stranded hundreds of people in scenic hot springs and hiking areas in central Japan. Rescue workers searched on Thursday for more...

Russian warships shadowed through English Channel

Russian warships have been shadowed through the Channel by the British Navy.The four-strong group of Russian ships included the submarine-hunting destroyer Vice Admiral Kulakov,...

Seoul mayor reported missing with searches under way

The mayor of South Korean capital Seoul has been reported missing and search operations are under way, according to police. Officers are looking for Mayor...

Democratic presidential candidate Biden proposes ‘Buy American’ campaign

Democratic Party presidential candidate Joe Biden has proposed sweeping new uses of the state’s regulatory and spending power to bolster US manufacturing and technology...

India records almost 25,000 new coronavirus cases

India has reported nearly 25,000 new coronavirus infections as the disease continues to spread through the nation of nearly 1.4 billion people. The virus is...
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