Business

Coronavirus: Holland & Barrett keep stores open despite staff pleas

[ad_1] Holland & Barrett has kept its shops open during the coronavirus crisis, but staff are campaigning for them to shut arguing their health is at risk.The alternative health chain has 750 UK stores and counts as an essential retailer because its products cater for people with special dietary needs.But staff have set up a petition, pleading with management to close stores over safety concerns.The chain said staff and customer
Business

Coronavirus: 4 out of 5 people’s jobs affected by outbreak

[ad_1] Image copyright EPA The impact of the coronavirus outbreak on the economy is being felt globally.Restrictions on daily life have led to the closure of many companies and the laying off of staff - either permanently or temporarily.The International Labour Organization (ILO), an agency of the United Nations, has been looking at the global impact with a series of charts.A total of 81% of the global workforce of 3.3
Business

WeWork sues SoftBank after withdrawal of $3bn deal

[ad_1] Image copyright Getty Images Image caption Softbank chief executive Masayoshi Son WeWork has taken its biggest investor to court after the collapse of a key part of a multi-billion-dollar rescue deal for the troubled co-working firm.In a lawsuit, WeWork accused SoftBank of putting "its own interests" first when it abandoned a plan to buy up to $3bn of shares from other investors.SoftBank said last week it would not move
Business

Coronavirus: Six industries still crying out for help

[ad_1] Image copyright Getty Images As the coronavirus pandemic continues, more and more sectors of the economy are feeling the strain.And with banks under fire for denying emergency loans to some firms, it's hardly surprising that the UK's government is facing more calls for direct intervention.The list covers big chunks of the country's infrastructure and vital transport links, but also other, less obvious economic areas that are no less important
Business

Investors seize on positive news for share markets

[ad_1] Image copyright EPA European shares joined a rally on Wall Street and in Asia as investors seized on signs that the spread of coronavirus in some hotspots may be easing.In London, Paris and Frankfurt stocks traded about 3% up, following a 7.7% rise for New York's Dow Jones index."Equities are still racing higher, as the news from key countries like Spain and Italy remains positive," said IG analyst Chris
Business

Coronavirus: Cineworld directors waive salaries as virus impact hits

[ad_1] Image copyright Getty Images Bosses of cinema chain Cineworld have waived salaries and bonuses as it struggles with a downturn in business due to coronavirus restrictions.The world's second largest cinema chain has closed its 787 cinemas in 10 countries because of the virus.The UK-based firm is also suspending dividend payments, and is in talks with lenders and film studios about mitigating the impact on trading.Meanwhile, theatres are also reporting
Business

Coronavirus: Property sales down 70% since lockdown, says Zoopla

[ad_1] The number of new property sales agreed in the UK has fallen by 70% since the start of the coronavirus restrictions, according to homes listing site Zoopla.Properties were still selling and being newly listed until the start of the restrictions on 23 March, when, among other things, the government urged people not to move house.However, sales have continued since then, although at much lower levels.Sellers have not been taking
Business

Coronavirus: US car insurers refund drivers stuck at home

[ad_1] Image copyright Getty Images A major car insurer in the US is refunding millions of dollars to customers stuck at home during coronavirus lockdowns.Allstate, the country's fourth biggest car insurer, said it would give back $600m (£490m) in total to customers.Another insurer, American Family Mutual, is also refunding customers, with cheques totalling $200m.Both have seen a dramatic drop in accident claims as residents stay at home and off the
Business

Calls for debt relief for world’s poorest nations

[ad_1] Image copyright Getty Images More than 100 global organisations are calling for debt payments of developing countries to be dropped this year.These countries include the world's poorest economies which are struggling with the impacts of coronavirus.Major charities including Oxfam and ActionAid International are asking for the debt relief which would free up more than $25bn (£20bn) this year.They have written to world leaders along with major central banks calling
Business

Coronavirus: ‘I was asked for £430 a month for my shut nursery’

[ad_1] Image copyright Farrah Sharif When Farrah Sharif, 30, was told she would have to continue paying 80% of her two-year-old son's nursery fees to hold his place in the coming months, she was confused.Like millions of other parents she had already taken him out of their East London nursery because of government guidelines, so she didn't feel she should pay anything."We asked them whether they would be applying for