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2020-04-02 20:34:59| Guardian Unlimited Business - more business news

Billionaire asks government to pay 14,500 employees out of emergency wage schemeCoronavirus latest updatesSee all our coronavirus coverageThe billionaire retailer Philip Green is asking for taxpayer help to prop up his crumbling fashion empire, with 14,500 employees set to be paid out of the governments emergency wage support scheme.Like other fashion retailers, Arcadia, which owns brands including Topshop, Dorothy Perkins and Miss Selfridge, is facing financial turmoil as the lockdown prevents Britons from shopping. The company has already asked landlords for rent cuts and paused payments into its pension scheme. Continue reading...

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18.01 Europeans reeling as Trump imposes tariffs on 8 countries over Greenland dispute 18.01 The answer to AI in music isnt suppression. Its data 18.01 At one time, Illinois was a top oil producer. Today, that legacy is a $160M problem. 18.01 The worlds most iconic pen is now a giant lamp 18.01 Ahead of Market: 10 things that will decide stock market action on Monday 18.01 Today in Chicago History: Motorman ignores red light causing head-on train collision that kills 7 near Gary 18.01 BCCL IPO boosts confidence as Coal India weighs more subsidiary listings: CMD 18.01 Mcap of 3 of top 10 most valued firms jumps by Rs 75,855 cr; SBI, Infosys biggest winners More »