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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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17.02Global Market Today: Asian stocks edge higher in thin holiday trading
17.02RBI draft norms on mis-selling may hit private banks harder
17.02Unrated debt on the rise as investors seek higher yields
17.02What do RBIs new rules mean for investors in exchange and brokerage stocks?
17.02Brokerages may tap bonds and CPs as bank funding turns 'unsuitable'
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