2020-08-09 14:14:11| BBC News | Business | World Edition
A Freedom of Information request shows a rapid rise in firms in June saying they were cutting staff.
2020-08-08 01:42:00| Fool.com Headlines
The decision effectively invalidates a set of decrees mandated in 1948.
2020-08-06 09:31:32| Guardian Unlimited Business - more business news
Rolling coverage of the latest economic and financial newsIntroduction: Bank warns unemployment will almost doubleDownturn less severe than feared......but recovery expected to take longerInterest rates left at 0.1%Bank: Were looking at negative interest rates 8.31am BST Heres our economics correspondent Richard Partington on the Bank of Englands latest assessment of the UK economy:The Bank of England has said Britains economy is recovering more quickly than initially feared from the coronavirus pandemic as consumer spending rises, despite warning of significant risks to jobs and growth.Leaving interest rates on hold at a record low of 0.1%, Threadneedle Street said Britains economy would shrink by a fifth in the first half of this year as a result of lockdown measures imposed in March. Against a backdrop of rapidly rising job losses across the country, it also warned unemployment would double by the end of the year. Related: Bank of England says UK economy recovering faster than first feared 8.26am BST The pound has rallied this morning, as traders digest the Bank of Englands latest forecasts.Theres some relief that the Bank thinks the slump in April-June was less severe than feared. Continue reading...
2020-08-05 18:43:20| Guardian Unlimited Business - more business news
Milestone was short lived, however, and experts warn prices may struggle to stay above $40 in the short termThe price of oil has risen above $45 a barrel, the first time it has reached that level since the coronavirus outbreak forced countries across Europe into lockdown. However, this rebound may prove to be short-lived, according to oil market analysts.Global oil prices climbed to highs of $45.50 a barrel on Wednesday after official US data revealed that its stores of crude which were filled to the brim in April are beginning to empty as energy demand returns in line with the easing of lockdown restrictions. Continue reading...
2020-08-05 14:06:53| Business - International Herald Tribune