Business

What if the US removes Hong Kong’s special status?

[ad_1] Image copyright Getty Images Top members of the US administration have warned that Hong Kong no longer merits a special status when it comes trade, and the territory could be treated the same way as mainland China. Until now, the US has given Hong Kong favourable trading terms, dating back to the territory's time as a British colony, but US Secretary of State Mike Pompeo told Congress that Hong
Business

Biggest UK solar plant approved

[ad_1] Image copyright Hive Energy The go-ahead has been given to the UK’s biggest solar farm, stretching 900 acres on the north Kent coast.The government has approved the controversial scheme, which will supply power to 91,000 homes.The project could include one of the world’s largest energy storage systems.But it has been fiercely opposed by many local people, and it’s divided green groups. Greenpeace, the RSPB and the countryside charity CPRE
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Will coronavirus change America’s jobless stigma?

[ad_1] Image copyright Getty Images More than 21 million people in the US - roughly one in six workers - are now receiving unemployment benefits amid the economic havoc triggered by the pandemic.The dramatic numbers, a sign of the steep job losses triggered by the virus lockdown, are not unique to the US. But they are prompting fierce debate in a country that has long attached stigma to state aid.Another
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Coronavirus: Hardship risk ‘could undermine test and trace system’

[ad_1] Image copyright Getty Images Image caption Workers are being urged to self-isolate when called by tracers Workers self-isolating under the new test and trace systems could be pushed into hardship, union warnings claim.The programmes, newly launched in England and Scotland, risked being ineffective unless these people were helped financially, the TUC said.Employees could be told to stay at home for 14 days on multiple occasions and face an income
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Coronavirus: Harrods hits the shopping mall to stop congestion

[ad_1] Image copyright Reuters Image caption Harrods closed the doors of its Knightsbridge store in March Harrods, the upmarket department store, is opening a second outlet in a nearby shopping mall to stop congestion when trading resumes.The new Shepherd's Bush 'concept' store will effectively host Harrods' summer sale across two floors of the Westfield shopping centre from July."Harrods Outlet allows us to enable better social-distancing across a larger footprint," it
Business

Nissan shuts Barcelona plant with the loss of 2,800 jobs

[ad_1] Image copyright Getty Images Nissan is closing its factory in Barcelona with the loss of about 2,800 jobs, according to the Spanish government.The move is part of a world restructuring due to be unveiled later by the Japanese carmaker.The closure could cost Nissan, which has a major UK plant in Sunderland, up to €1bn (£898m), the government said.Car sales have been hit by the virus pandemic, while manufacturers are
Business

How Covid-19 scared off Little Tummy’s investors

[ad_1] For new firms looking to expand, outside investment is vital. Little Tummy, a UK firm which makes organic baby foods, was planning an export drive this year. However, its investors have postponed handing it the cash until the Covid-19 crisis has passed. Little Tummy’s co-founder Nadine Hellmann says she doesn’t know when investors’ confidence will return.Video journalist: Jeremy Howell [ad_2] Source link
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Coronavirus: Vending machine mum’s perfect money lesson

[ad_1] Image caption Sarah Balsdon, her children, and the vending machine at home With four children at home, a list of chores, and a secondhand vending machine - one mum may have discovered the perfect lockdown life lesson.Northumberland nurse Sarah Balsdon, 29, was getting so fed up with her children's "constant arguments" over sugary snacks, she and husband Kyle devised a plan.She spent £100 on the vending machine being thrown
Business

Charity shops fear deluge of donations when they re-open in June

[ad_1] Image copyright Getty Images Charity shops fear they will be deluged by donations when they start to re-open in just over two weeks.English stores will start opening their doors on 15 June, in line with government guidance.But they face a number of challenges after the coronavirus closures with all new offerings set to be quarantined for 72 hours.Robin Osterley, chief executive of the Charity Retail Association, says shops are
Business

Boeing job cuts start to hit 12,000 US workers

[ad_1] Image copyright Reuters More than 12,000 Boeing workers in the US are set to lose their jobs in the coming weeks, as cuts at the American aerospace giant take effect.The firm said it was informing workers of 6,670 cuts this week. It has also approved 5,520 voluntary redundancies.The reductions had been expected since Boeing revealed plans last month to slash its global workforce by 10% - or roughly 16,000