Thursday, April 30, 2020

Are 'anti-virus' cars in China just a gimmick?

Car brands are looking to tap into the country’s heightened health concerns to help kick-start flagging sales.

Coronavirus: 'I'm being penalised because I took maternity leave'

Self-employed women say they are missing out on government support as they've recently taken leave.

Debt warning over car finance payment holidays

Families say they have been trying for six weeks to secure a lockdown car finance payment holiday.

Coronavirus lockdown: Boots offers safe space for domestic abuse victims

People living with abuse will be able to use the pharmacy's consultation rooms to contact helplines.

Coronavirus: How will airlines get flying again?

When passenger planes start flying again, the world of air travel will be very different.

Apple boosted by streaming services despite lockdown

While iPhone sales fell due to the lockdown in China, sales of streaming services jumped.

Amazon investors told to 'take a seat' as demand jumps

Amazon's sales surged 26%, but costs are also up due to spending on safety precautions and wages.

Coronavirus: People are having less sex in lockdown, says Durex boss

Increased anxiety and no chance of socialising mean there is less demand for condoms.

BA may not reopen at Gatwick once pandemic passes

The airline has told pilots that it cannot rule out keeping the operation closed indefinitely.

Banks 'can do more' to compensate fraud victims

Victims' vulnerability may be missed by banks' tick-box procedures when a fraud is reported, a review finds.

Coronavirus: Fewer loans approved as firms rush to get lifeline

Fewer coronavirus loans were agreed in the week to Tuesday, leaving half of businesses still waiting.

Coronavirus: AstraZeneca teams up with Oxford University on vaccine

AstraZeneca will make and distribute Oxford University's Covid-19 vaccine if it proves effective.

Coronavirus: Eurozone economy shrinks at record rate

Single currency nations see a sharp fall in GDP during the first quarter of the year.

Coronavirus: Watchdog threatens legal action on holiday refunds

Firms refusing refunds for cancelled holiday accommodation and weddings are under investigation.

Shell cuts dividend for first time since WW2

Royal Dutch Shell slashes its quarterly dividend by two-thirds amid the global oil price shock.

Coronavirus: Sykes Holiday Cottages faces refunds anger

Customers of the rental agency, Sykes Holiday Cottages, are unhappy that virus-hit holidays are not refunded.

Coronavirus: Sainsbury’s boss says queues set to stay in place

The supermarket says socially-distanced queues are likely to remain 'for the foreseeable future'.

Wednesday, April 29, 2020

Coronavirus: Stock markets boosted by remdesivir drug hopes

Investors are betting that an experimental anti-viral drug could help countries emerge from lockdowns.

US blacklists five Amazon foreign websites

The US government places some of the online shopping giant’s websites on its “notorious markets” list.

Will thermal cameras help to end the lockdown?

Thermal cameras can spot people with a temperature. Will they help to end the lockdown?

Coronavirus: Why the fashion industry faces an 'existential crisis'

"No-one wants to buy clothes to sit at home in," as Next's chief executive Simon Wolfson puts it.

Coronavirus: 'My cafe's going bust before it's even opened'

A car factory worker turned cafe owner explains how coronavirus is affecting his business dream.

Tesla warns on shutdown as Musk calls for end to lockdown

The electric car company said forced shutdowns and limits on deliveries had clouded its forecast.

'No prospect' of UK government selling RBS stake soon

The bank's chairman tells shareholders that UK ministers and the bank have other priorities at the moment.

Wetherspoons plans to open pubs in June

The pub chain's boss Tim Martin will take a 50% pay cut and the firm is considering taking out a loan.

Coronavirus: US economy sinks 4.8% amid pandemic shutdowns

The contraction in the world's largest economy is the most severe since the financial crisis of 2008.

Whirlpool: New warning over fire-prone Hotpoint washing machines

Another 55,000 machines in UK homes should stop being used and need repairing or replacing.

Coronavirus: 'Half world's workers may see livelihood destroyed'

The International Labour Organisation's updated analysis emphasises its severe impact on people in informal work.

Coronavirus: KFC to reopen another 80 restaurants

The fried chicken chain has already opened the doors to 20 of its outlets which are doing delivery only.

Coronavirus: Boeing to cut 15,000 jobs in Covid-19 'body blow'

The plane-maker, already struggling after grounding the 737 Max, plans to axe 10% of its staff.

Coronavirus: Odeon-owner bans Universal films in Trolls home movie row

The success of Trolls World Tour means films will simultaneously be released in cinemas and at home.

Barclays warns pandemic could cost it £2.1bn

It comes as the bank has reported a 40% slump in first quarter profit due to coronavirus.

Coronavirus; Next expects 40% sales drop amid crisis

The fashion retailer said it expects dramatically lower sales this year amid lockdown.

Tuesday, April 28, 2020

The Fed's four radical moves to save the economy

With US streets empty and business activity freezing, the central bank has moved to keep money flowing.

How Waterstones is selling books during the coronavirus lockdown

Waterstones CEO: How I keep selling books while my bookshops are shut down.

Stressed firms look for better ways to source products

The way firms get their raw materials may change rapidly now Covid-19 has disrupted supply chains.

Coronavirus hits profits at corporate America

A raft of profit figures reveal differing fortunes for Google, Ford, chocolate giant Mondelez, and Starbucks.

Coronavirus-themed game banned in China

The game has been blocked on Steam's store in the country but is still available in other territories.

Coronavirus: British Airways to cut up to 12,000 jobs

The UK flag carrier says a collapse in business because of coronavirus means a major restructuring is needed.

Former school inspector rates own home schooling 'atrocious'

Andrew Jeffrey writes a mock Ofsted report describing teachers in dressing gowns and pupils playing Fortnite.

Coronavirus 'will hasten the decline of cash'

As people turn to digital payments during the lockdown, there are fears over the long-term future of cash.

Disney sparks backlash with #MayThe4th tweet

The company suggested it owned the rights to any tweet containing the hashtag.

McDonald’s trials branch behind closed doors

McDonald’s is testing reopening a UK branch this week, but it’s behind closed doors.

Coronavirus: Plant growers on brink of insolvency

One-third of UK plant firms say they fear going bust by the end of the year, says an industry survey.

Coronavirus: Property sales worth £82bn 'on hold'

Some 373,000 property sales are on hold in the UK owing to the coronavirus lockdown, analysis suggests.

Coronavirus risk: 'I call it shop-worker roulette'

The Resolution Foundation says women and young people are most likely to bear the brunt of Covid-19.

BP profits dive 66% as coronavirus hits oil demand

The oil giant's income falls as global demand slumps due to the pandemic.

Monday, April 27, 2020

Coronavirus: 'Thousands' of North Sea oil and gas jobs under threat

The UK's oil and gas industry says many firms will struggle to survive through the coronavirus crisis.

HSBC profits halved by coronavirus pandemic impact

The bank raised its expectations for bad loans to $3bn due to the impact of the pandemic.

Luckin Coffee: Scandal-hit chain raided by regulators in China

The company's shares have slumped this month since it revealed $310m in fabricated transactions.

Coronavirus: One big weekly shop back in fashion, says Tesco

Supermarket boss Dave Lewis says shopping trips are less frequent but basket sizes have doubled.

Coronavirus: 'I returned my suits and spent £100 on loungewear’

Demand for casual clothing is soaring during the lockdown, but is the UK at risk of dressing down too much?

'He said it was the stupidest idea he had ever seen'

How Abigail Forsyth set up and grew the popular reusable cup business, KeepCup.

'Coronavirus IV therapy' clinics face prosecution over adverts

Clinics claiming intravenous vitamin drips could help avoid the virus face fines or imprisonment.

Coronavirus: Gambling firms to stop advertising during lockdown

The move comes amid criticism that the industry is exploiting people who are stuck at home.

Small firms to get 100%-taxpayer-backed loans

Chancellor Rishi Sunak wants the new scheme to unblock a backlog of applications.

Coronavirus: Greggs to begin reopening its shops amid lockdown

The bakery chain plans to reopen a limited number of outlets next month in a "controlled trial".

Coronavirus: Timpson warns some High Street names won't survive

The repair company will reopen some of its outlets this week with strict safety measures in place.

Coronavirus: Airlines urge chancellor to extend job support scheme

The coronavirus job retention scheme must be extended beyond June, says Airlines UK.

Sunday, April 26, 2020

Coronavirus: Should maternity and paternity leave be extended?

A petition calling for maternity leave to be extended due to coronavirus has attracted many signatures.

Coronavirus: Airbus boss warns company is 'bleeding cash'

In a letter to workers Guillaume Faury reportedly said the firm's existence was now threatened.

Coronavirus: Businesses urged to challenge insurers 'trying it on'

Small businesses like pubs and restaurants face issues with insurers not paying out over Covid-19.

Coronavirus: A visual guide to the economic impact

Key maps and charts explain how the virus has impacted markets and businesses around the world.

Coronavirus: 'If I can't work, I can't feed my family'

How the Covid-19 crisis has left many migrant workers stranded and without money for their families.

Coronavirus: Furloughed workers urged to become fruit pickers

Environment Secretary George Eustice urges staff on furlough to ease a growing crisis on farms.

Coronavirus: High Street shops preparing ways to reopen

The British Retail Consortium has issued post-lockdown guidance for non-essential retailers.

Coronavirus: Virgin Atlantic still in talks over bailout

Sir Richard Branson has appealed to the government for help as airlines have been hit by the lockdown.

Saturday, April 25, 2020

Coronavirus: Five firms seeing sales boom in the lockdown

Amid all the threats posed by Covid-19 pandemic, some firms are finding ways to forge ahead.

Coronavirus: Lockdown should ease to help economy, says Philip Hammond

The former chancellor warns that the economy "won't survive" waiting for a vaccine to be developed.

Friday, April 24, 2020

Insurers estimate virus payouts to UK firms to be £1.2bn

Early estimate from insurance group says £900m will go to businesses with specialist policies.

Coronavirus: Transport usage will change after lockdown

Public transport usage won't recover to pre-Covid19 levels once the lockdown ends, a survey suggests.

Coronavirus: Air France-KLM secures billions in government aid

Like many other airlines, the Franco-Dutch group has been badly hit by the coronavirus outbreak.

With humans vulnerable: How about a digital helper?

Robots and digital assistants have proved useful during the Covid-19 pandemic but are still limited.

Apple and Google accelerate coronavirus contact tracing apps plan

Tech giants add privacy protections to the contact-tracing scheme they are offering to public authorities.

Dyson Covid-19 ventilators are 'no longer required'

Firm's founder says demand is less than envisioned but the government says tests are ongoing.

Debenhams threatens to keep Welsh stores shut

The retailer says its major outlets in Wales will stay closed unless it gets business rates relief.

PPI deadline prompted millions of new cases, says regulator

Nine out of 10 insurance compensation claims made in the run up to last year's deadline were upheld.

UK retail sales plunge at record rate as lockdown hits

Shopping declines at the steepest rate since the Office for National Statistics started collecting data.

Thursday, April 23, 2020

Treasury considers 100% guarantee on small firm loans

Companies say they are still struggling to get credit to tide them through the coronavirus pandemic.

Victoria's Secret shifts image with new faces for Asia

The lingerie retailer unveils two high-profile brand ambassadors as it attempts to turn around its fortunes.

Recovery expert: 'Some businesses will never reopen'

Adapting quickly, reassuring customers and flexible workforces will be key, says disaster recovery expert.

Coronavirus: Congress passes $484bn economic relief bill

The bill puts more money towards a small business aid fund, overwhelmed hospitals and testing expansion.

Coronavirus: Wages, sick pay and time off explained

As many people receive a smaller pay cheque, we explain wages and sick pay during the coronavirus outbreak?

Coronavirus: 'Our wedding has been cancelled but we still have to pay for it'

Venues are forcing couples to pay large cancellation fees over weddings postponed due to the lockdown.

Will there be social distancing on trains, after the pandemic?

Plans are already being made on how an uptick in passenger numbers on the railways can be managed.

My Money: 'The alcohol bill has increased, but he's earned it!'

As part of a BBC blog series, Claire Millington in the UK talks us through one week during the coronavirus pandemic.

The retail expert who took a job on the shop floor

When Bryan Roberts lost his job as a retail analyst, he took his first ever job working in a shop.

Developing world economies hit hard by coronavirus

The Covid-19 pandemic is badly damaging developing countries' economies in a number of ways.

Shops get rent break as told to pay what they can

The government is banning landlords from using aggressive debt recovery measures on shops.

Amazon's £250,000 for bookshops fund stuns trade

The online retail giant has long been accused of killing off bricks-and-mortar book sales.

Coronavirus: US unemployment claims hit 26.4 million

Data shows a further 4.4 million Americans applied for unemployment benefits in the past week.

Coronavirus: Leaving middle seat empty is idiotic, says Ryanair

Boss Michael O'Leary says planes will not fly if forced to adopt 'ineffective' social distancing measures.

Coronavirus business loans double, but only half approved

Bank have approved £2.8bn of loans for small firms, compared with £1.1bn approved last week.

Coronavirus: B&Q reopens stores closed amid lockdown

Some firms, including Aston Martin and Taylor Wimpey, are starting to reopen after the lockdown.

UK borrowing to see 'colossal increase'

The deficit will hit levels not seen in peacetime, says the head of the Institute for Fiscal Studies.

Wednesday, April 22, 2020

'Fake' meat on the menu as China reopens restaurants

Starbucks, Beyond Meat and KFC hope to tap into a rising demand for healthier lifestyles in China.

'Zoombombing' targeted with new version of app

Zoom has upgraded its security measures after a series of incidents of online meetings being hijacked.

NHS staff being 'ripped off for petrol'

Essential workers are being overcharged by more than a fiver a tank, the AA says.

Lenders kick-start mortgage deals

Lenders are offering more generous terms to borrowers after weeks of restrictions.

Coronavirus: How a plus-size fashion retailer is adapting

Ojoma Idegwu, founder of plus-size fashion label Dear Curves, explains how she is adapting to coronavirus.

Coronavirus: Post Office to deliver cash to the vulnerable

Travel money services are redirected to help shielded people in one of a variety of new schemes.

Coronavirus: Ads for vitamin drips banned by regulator

The Advertising Standards Authority fast-tracked its probe because of growing health anxieties over the pandemic.

Coronavirus: Animal clothing to close threatening up to 500 jobs

Owner H Young Holdings is blaming an "extremely challenging" market exacerbated by coronavirus.

Coronavirus: Lululemon 'sorry' as bat T-shirt sparks China backlash

The athleisure firm sacks employee for promoting a T-shirt design seen as racist.

Tops and joggers in as Boohoo lockdown sales boom

The online fashion retailer says customers want to look good when videoconferencing with colleagues.

Tuesday, April 21, 2020

Cheaper clothes and fuel sees UK inflation fall to 1.5% in March

The price of clothes normally rises in March as New Year discounting comes to an end.

Coronavirus: Missouri sues Chinese government over virus handling

Missouri is suing China for economic losses it has suffered which could open the doors to more lawsuits.

Facebook's $5.7bn bet on India's richest man Mukesh Ambani

The social media giant becomes a shareholder in cut-price Indian mobile internet company Reliance Jio.

Coronavirus: 'First Ryanair agreed to a refund, then it didn't'

Consumer group Which? says the many of the UK's biggest airlines and travel companies are breaking the law.

Coronavirus: Businesses adapting to life under lockdown

UK companies tell the BBC how they have changed in order to survive the coronavirus lockdown.

Who wins and who loses when oil prices fall?

While drivers may celebrate paying less at the pumps, falling oil prices can spell disaster.

Netflix sign-ups surge amid coronavirus lockdowns

The firm added almost 16 million new subscribers during the first three months of the year.

Coronavirus: Pub sector faces 'bloodbath' over rents

An industry expert has called for government intervention "as a matter of urgency".

Mumsnet launches subscription plea in 'squeaky-bum time'

Parent platforms are having to adapt to survive as ad revenue declines.

Coronavirus: Insurer to give £25 refunds as cars and vans sit idle

Pressure mounts on other motor insurers to offer refunds as people stay at home during the pandemic.

Coronavirus: Demand from renters slumps amid lockdown

Rental demand is 42% down since the start of March, research by property portal Zoopla suggests.

Oil price still below zero as turmoil persists

Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.

Coronavirus: Primark goes from £650m sales a month to nothing

Primark's owner "has been squarely in the path of this pandemic," its chief executive says.

Donald Trump's immigration ban could hit tech sector

A temporary ban on US immigration could affect its technology sector and the foreign talent it needs.

Coronavirus: Airports 'at risk' of closure as flights drop 90%

Most remaining services are for freight, supplies and repatriation of people from overseas.

Monday, April 20, 2020

UK employment rate at record high before lockdown

Unemployment stayed roughly the same and pay continued to outstrip inflation, official figures show.

Virgin Australia slumps into voluntary administration

Australia's second-largest carrier cut almost all flights last month amid virus travel bans.

Coronavirus: Restaurant bosses call for rent holiday

More than two million jobs are at risk in the hospitality sector, the High Street eateries say.

Coronavirus: UK forces hundreds of scam Covid-19 shops offline

The National Cyber Security Centre says it took down almost 500 fake stores over the past month.

The stealthy little drones that fly like insects

Making wings that flap is very difficult, but it has real advantages as some are finding out.

'Coronavirus is the biggest low in my career'

How designer Roksanda Ilincic is adapting her business during the coronavirus lockdown.

Facebook reveals Gaming app to rival Twitch and YouTube

The social network accelerated the launch of Facebook Gaming due to the coronavirus lockdown.

Coronavirus: Virgin Atlantic will fold without aid, warns Branson

Sir Richard Branson says he is not asking for a handout, but a commercial loan to save the airline.

Coronavirus: Sales jump at Premier Foods as customers stock up

Premier Foods says sales of instant mash potato, pasta sauces and home baking kits have jumped.

The domestic workers left stranded by coronavirus

Some domestic workers have been left jobless and stranded since lockdown measures were introduced.

Sunday, April 19, 2020

US oil prices drop to 21-year low as demand dries up

Coronavirus downturn has put major pressure on oil prices with demand slumping and storage running out.

Disney stops paying 100,000 workers during downturn

Entertainment giant Disney will stop paying nearly half its workforce as it battles virus shutdowns.

Coronavirus: Millions to claim as government job site goes live

The Coronavirus Job Retention Scheme will cover 80% of workers' monthly wages up to £2,500.

Coronavirus: Government unveils £1.3bn scheme to help start-ups

The new package will fund smaller loss-making firms focusing on research and development.

Coronavirus: 'There is help out there if you ask for it'

Charities are giving vital financial help to families who never expected to be on the breadline.

500 firms to stop pension top-ups over coronavirus

A leading pension consultancy estimates that hundreds of companies will put off paying.

The scientists who made a 'home-brew' coronavirus test

Testing for coronavirus requires complicated mixtures of chemicals that can only be supplied by specific companies.

Coronavirus: Asda cancels orders with suppliers

Some suppliers are reportedly angry that the supermarket chain's clothing range is still on sale.

Coronavirus: UK's first 'TikTok house' opens during outbreak

Some of the UK's biggest social media stars are living in a house together during the lockdown.

Friday, April 17, 2020

Green’s retail empire could close over 100 stores

The owner of Topshop and Miss Selfridge is serving notice on landlords to walk away from more than 100 stores

Coronavirus: Who is still flying?

Nearly all passengers on flights in and out of the UK are heading home, says the aviation industry.

Victim of fake vasectomy conman tells of her shock

Coleen Greenwood became pregnant after her fraudster fiancé lied about having a vasectomy.

Ex-EY whistleblower wins $10.8m in damages

Former auditor at accountancy giant EY wins damages after he reported suspicious activities at Dubai gold refiner

Bank of England boss: Loans need to be sorted out

Andrew Bailey questioned whether the coronavirus business interruption loan scheme is too complex.

Debenhams strikes deals to rescue most stores

The store chain says it has agreed terms on 120 branches, but at least seven will not reopen.

Coronavirus: JLR uses its 3D printers to make visors

The car giant plans to ramp up production to 5,000 visors a day as the UK struggles to source PPE.

'Deadline' looms for jobs protected by furlough

The CBI says workers could start receiving redundancy notices unless state-pay is extended by Saturday.

Coronavirus: Owner directors 'come out of this with nothing'

People who run small limited companies say they are unfairly missing out on government support.

Coronavirus: Freeze on pawn, payday and car loan payments

The Financial Conduct Authority is seeking delays for people struggling amid the Covid-19 lockdown.

Foxtons: Estate agent cuts pay for high earners

The London-focused estate agent has also furloughed 750 staff because of the Covid-19 pandemic.

Thursday, April 16, 2020

EU helps protect weak firms from foreign takeovers

Brussels beefs up powers for countries to block foreign takeovers of firms hit by the virus downturn.

China GDP: Bleak outlook for economic recovery post-virus

China's gloomy economic numbers are a grim warning to the rest of the world still in lockdown.

China's virus-hit economy shrinks for first time in decades

Its economy shrank 6.8% in the first three months of 2020 as it battled the virus and lockdowns

NHS boss: 'I’ve hardly any gowns, can I call Burberry?'

The NHS Trust director warns that he only has enough protective gowns for another 24 hours.

Seafarers in limbo as coronavirus hits shipping

The shipping industry is already feeling the impact of Covid-19 as the world heads for recession.

Coronavirus: America's $349bn fund for small firms runs out

Small businesses are scrambling for relief from the lockdowns.

Coronavirus: Treasury backs loans to bigger businesses

Companies with a turnover of more than £500m will now be eligible for government support.

Coronavirus: Weekly jobless claims hit 5.2 million

More than 20 million Americans have filed for unemployment in the last four weeks.

Coronavirus: Ventilator built by Airbus and F1 approved

About 1,500 of the adapted devices will be made each week by the start of May, developers say.

Coronavirus: Areas reliant on aviation industry 'to suffer worst'

The economy around Gatwick airport will be hit hardest by coronavirus, a study finds.

Coronavirus: EasyJet losses could hit £380m after jets grounded

The airline will take big charges on fuel it has already bought, among other "disruption costs".

Wednesday, April 15, 2020

Coronavirus: World economy 'may face double recession'

A think tank warns of two impending downturns as world economies face financial impact of pandemic.

Coronavirus: Amazon shuts French warehouses after court ruling

The online commerce giant said its French distribution centres would close until at least 20 April.

Coronavirus: Asian economies won't grow this year, says IMF

The pandemic means the region will see zero growth for the first time in 60 years, the IMF says.

Local pharmacies face cash crisis

Independent pharmacies warn they may have to shut up shop.

‘Coronavirus has robbed me of my dream job’

Young people in the UK were set to enter a hot job market. Coronavirus changed all that.

Coronavirus: March retail sales 'plummet'

Retail sales 'decline at the worst rate on record' as lockdown measures introduced, says trade body.

Coronavirus: Major UK takeaway chains start to reopen

Burger King, KFC and Pret A Manger announce limited openings after shutting at the lockdown's start.

Coronavirus: The businesses crowdfunding to survive

UK companies are turning to their local communities to help them survive the coronavirus lockdown.

CEO Secrets: How do you sell your snacks when no-one's going to the shops?

Livia's CEO outlines her strategy for selling 'healthy' snacks during the coronavirus lockdown

Eastern Europeans to be flown in to pick fruit and veg

A charter plane bringing Romanians to harvest British crops will arrive in the UK on Thursday.

Coronavirus: Oasis and Warehouse fall into administration

Deloitte said the coronavirus has had a "devastating effect on the entire retail industry".

BT delays removal of Huawei from EE's core network by two years

BT says plans to remove the Chinese-made equipment from the sensitive core network have been delayed.

Coronavirus: G20 delays poor nations' debt payments

The aim is to help them deal with the pandemic, but campaigners say more assistance is needed.

HS2 construction gets green light despite lockdown

The government has given the high-speed rail project formal approval to start construction.

Coronavirus: Insurance firms ordered to pay out or explain

The Financial Conduct Authority says insurers must pay out to firms "as soon as possible".

Tuesday, April 14, 2020

Coronavirus: Amazon boss Jeff Bezos adds $24bn to fortune

The online retail giant has benefited from surging internet shopping during the coronavirus lockdown.

Accenture: ‘Every business will be a health business’

Consulting giant Accenture says firms will need to invest in new health measures after the virus.

“My firm is viable – but I can’t get a loan”

Businesses say coronavirus loans are being approved too slowly to help firms hit by lockdown measures.

Coronavirus: ‘My business could go bust if insurers don’t pay’

Insurer Hiscox has refused to pay out on claims relating to coronavirus, some small businesses have said.

Burger King ads for 'plant-based' Whopper banned

Ads suggested the burger, which is cooked alongside meat, is suitable for vegans, the watchdog says.

Computer games: More than a lockdown distraction

People are turning to computer games while confined at home during due to the coronavirus pandemic.

US airlines to receive $25bn rescue package

Aid was expected but the companies had baulked at some of the terms.

Coronavirus: Apple tracks changes in travel behaviour

Firm offers tool that tracks how many people are walking, driving and using public transport.

Oasis and Warehouse 'to fall into administration'

The women's fashion retailers are expected to appoint Deloitte as administrators imminently.

Coronavirus: UK firms at risk of making 'permanent' job cuts

The government must clarify if it intends to extend the coronavirus wage scheme, warns the CBI.

Coronavirus: 'World faces worst recession since Great Depression'

The IMF says the coronavirus pandemic has plunged the world into a "crisis like no other".

Coronavirus: UK growth could drop by record 35% by June

Once restrictions are lifted, growth is expected to recover quickly with no lasting damage.

Coronavirus: One in nine homeowners takes mortgage holiday

Lenders have agreed that 1.2 million people can delay repayments as jobs are cut and wages reduced.

Monday, April 13, 2020

Coronavirus: Amazon plans hiring spree as orders surge

Amazon is taking on 75,000 more workers to handle online orders after improving safety conditions.

Softbank fund warns of $16.7bn loss due to virus

The world's biggest technology fund group expects its first loss in 15 years, blaming the coronavirus.

MPs summon China-owned firm execs over security concerns

MPs to summon British based, Chinese-owned firm executives over plans to transfer sensitive technology.

Gyms face legal action over rent

The gym industry is calling on the government to prevent landlords from evicting businesses.

Should we teach children about quantum computing?

For parents with the money, companies are offering courses in cutting-edge technology, but are they worth it?

Coronavirus: Theatres need bailout to survive, warns writer James Graham

Playwright James Graham warns "there will be no money left" if venues stay shut for several months.

Deadly olive tree disease across Europe 'could costs billions'

A deadly pathogen affecting Europe's olive trees could cost over 20 billion euros.

Tottenham Hotspur reverse furlough decision for non-playing staff

Tottenham reverse their decision to use the government's furlough scheme for some non-playing staff during the coronavirus crisis following criticism from supporters.

Coronavirus: What's happening to the beer left in pubs?

Millions of pints of ale and lager could be lost if pub closures last into the summer.

World Bank warns South Asia's economic growth to slump

The World Bank has slashed its growth predictions for the South Asia region due to the coronavirus.

Sunday, April 12, 2020

Coronavirus: Food delivery driver paying back doctors who saved him

Having survived cancer, one delivery rider in China is helping keep medical staff fed during the pandemic.

Coronavirus: Ask-a-friend cash access scheme extended

Bank customers who cannot leave home will be able to ask a trusted friend to withdraw cash on their behalf.

Coronavirus: 'I lost my job, now we're on the bare minimum'

Many workers did not qualify for emergency government support and find themselves struggling.

Record deal to cut oil output ends price war

Oil producing nations agree a deal that will see output reduced by nearly 10 million barrels a day.

Loans scheme must work faster, government admits

Of the 300,000 applications thought to have been made, the business secretary says 4,200 were approved.

Saturday, April 11, 2020

Coronavirus: US relies on 'pure capitalism' to plug gaps

Companies want to help supply medical equipment but a decentralised response can be "chaotic".

Coronavirus: I play computer games for hours each day

From junk food makers to online gaming and porn sites, the coronoavirus crisis has given some firms a boost.

Coronavirus: 12 ways our life tasks big and small have changed

From registering a birth to visits from the bailiff - here are 12 questions you may still be asking.

Friday, April 10, 2020

Coronavirus: 'My parents' campervan has become my office'

A marketing manager explains why she turned a campervan into her office during coronavirus.

Air industry bodies call for UK government support

Air industry bodies want the government to extend support schemes to stave off job losses.

Oil: Trump promises 'help' for Mexico to seal cuts deal

Mexico says the US will reduce its output to clinch a deal for global cuts.

Royal Mail is 'putting profits before safety' say staff

Postal workers say they are not being given adequate protection from coronavirus risk.

Coronavirus: Amazon builds its own testing lab for staff

The retail giant intends to start testing a "small number" of frontline employees for Covid-19.

Thursday, April 9, 2020

US shares see their biggest weekly gain in 46 years

Investors were in bullish mood despite record US job losses and continued coronavirus shutdowns.

Western economies slow to react to crisis says leading economist

A top economist says western economies can learn from Asia as they face a severe economic downturn.

Clothing makers in Asia give stark coronavirus warning

Millions of jobs in Asia’s vital garment industry are at risk due to the coronavirus pandemic.

Coronavirus: Easter egg sales surge despite lockdown

Despite discounting in supermarkets, Easter egg sales are soaring online.

Coronavirus: Shoppers stockpile alcohol amid lockdown

With pubs and bars closed to contain the spread of Covid-19, drinkers are turning elsewhere.

Will we ever take cruise holidays again?

The cruise line industry faces a long journey back from the coronavirus pandemic.

EU agrees €500m coronavirus rescue package

EU finance ministers reached the deal after marathon talks in Brussels.

Keeping the iconic Brompton bike company on the road

Keeping the Brompton folding bike company in shape through the Covid-19 pandemic.

Coronavirus: Worst economic crisis since 1930s depression, IMF says

Global economic growth will turn "sharply negative" this year due to the pandemic, the IMF warns.

Record 14% fall in UK economy forecast - BBC survey

The shutdown of large swathes of the UK economy will mean a huge hit to GDP over the next quarter.

Coronavirus: Banks’ top brass forgo bonuses

Part of their remuneration, which is worth millions of pounds, will in some cases go to charity.

Coronavirus: US weekly jobless claims hit 6.6 million

The number of Americans seeking unemployment benefits hits 6.6 million in one week.

Coronavirus: Flour mills working 'round the clock' to meet demand

The industry is struggling to keep up with demand as shoppers turn to baking amid the coronavirus lockdown.

Coronavirus: Airbnb restricts UK bookings to coronavirus keyworkers

NHS staff and other key workers can still book accommodation through a programme called Frontline Stays.

Oil prices rise as major producers prepare to meet

Crude prices gain on hopes that Saudi Arabia and Russia can end row over production cuts.

Coronavirus: Government agrees emergency funding deal with Bank

The government is set to borrow billions of pounds from its emergency Bank of England overdraft.

Wednesday, April 8, 2020

Virus could push half a billion people into poverty

UN research warns the coronavirus pandemic could put a further 8% of world's population in poverty.

Disney Plus racks up 50m subscribers in five months

Disney's new video streaming service almost doubles its subscription base during coronavirus lockdowns.

Coronavirus: Renters ‘more at risk from economic downturn’

Think tank says they are more likely to be in affected industries, and spend more income on housing.

Coronavirus: Call for apps to get fake Covid-19 news button

Campaign for Countering Digital Hate says social networks are "missing a trick" combating the issue.

Facebook and Samsung donate thousands of devices to NHS

Samsung will donate 2,000 smartphones, while Facebook is offering its video-calling screen Portal.

Coronavirus: Thousands apply for fruit and veg grower jobs

Coronavirus-related travel restrictions have left a labour shortage as the picking season starts.

Coronavirus: ‘We won’t get a refund on our £17,000 chalet’

Holidaymakers say they are struggling to get refunds on cancelled holidays due to the lockdown.

McDonald's sales dip just 3.4% as US stores stay open

McDonald's has closed stores in the UK due to the coronavirus, but most US outlets remain open.

Coronavirus: Chancellor announces aid for charities

Rishi Sunak unveils a £750m package to keep charities afloat during the coronavirus pandemic.

Tesla cuts staff pay as coronavirus halts production

Non-essential workers will be placed on furlough without pay and executives will take a 30% pay cut.

Coronavirus: 'Drop in global trade to be worse than 2008 crisis'

The World Trade Organization (WTO) predicts a contraction of between 13% and 32% this year.

Coronavirus: Wills 'being signed on car bonnets' amid lockdown

Solicitors see a "massive rise" in demand but the need for two witnesses creates practical difficulties.

Coronavirus: Insurance companies pause dividend payments

Insurers have followed regulatory advice to scrap dividends during the coronavirus crisis

Coronavirus: Tesco tells people to visit stores to get food

The supermarket says there is 'simply not enough capacity' to supply everyone with online shopping.

Tuesday, April 7, 2020

Investors warned not to rush into travel and leisure stocks

Cinema chain Cineworld's share price rocketed almost 50% while cruise ship operator Carnival rose 22%.

Job Retention Scheme may cost three times initial estimate

The UK's Job Retention Scheme may cost £30-40bn over three months, according new analysis

Coronavirus: What’s life like when you're on furlough?

With growing numbers of people being furloughed, how is this affecting them and their employers?

Coronavirus: 'The money isn’t coming in quick enough' to pay wages

The boss of DW Fitness First, Martin Long, says he's worried about paying his monthly wage bill

Lufthansa makes 'permanent' cuts as travel plunges

The German airline will close its Germanwings service and de-commission more than 40 aircraft.

Coronavirus: Twitter boss pledges $1bn for relief effort

Jack Dorsey said he would give 28% of his wealth towards efforts to "disarm" the pandemic.

Drones in Africa: How they could become lifesavers

Rwanda's President Paul Kagame says drones will become important for his nation, but can they really deliver?

Coronavirus: Holland & Barrett keep stores open despite staff pleas

Staff have set up a petition, pleading with management to close stores over safety concerns.

Coronavirus: Four out of five people's jobs hit by pandemic

The global economic impact of coronavirus could leave nearly 200 million people jobless, a UN agency says.

WeWork sues SoftBank after withdrawal of $3bn deal

The office sharing firm is taking its biggest investor to court in an escalation of a row between the firms.

Coronavirus: Six industries still crying out for help

With the UK economy in crisis, many sectors are still demanding further help from the government.

Investors seize on positive news for share markets

Travel and tourism shares rise as the FTSE 100 joins the global stock market rally.

Coronavirus: Cineworld directors waive salaries as virus impact hits

The world's second largest cinema chain is in talks with lenders and film studios about the virus impact.

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

Homes are still being listed for sale as people adopt a wait-and-see policy over coronavirus.

Monday, April 6, 2020

Coronavirus: US car insurers refund drivers stuck at home

Major US insurer Allstate is paying out $600m in refunds to drivers in quarantine and through discounts.

Short-form streaming app Quibi launches to rival Netflix

BBC's technology reporter tests if Quibi's platform with 10-minute or shorter videos could get viewers hooked.

Calls for debt relief for world's poorest nations

More than 100 global organisations want debt payments to be waived for developing countries this year.

'We all have resilience... You've got to make it grow'

Professional explorer Mike Horn reflects upon his daredevil career so far.

Coronavirus: Why is the petrol price nearing £1 a litre?

An oil price war and Covid-19 travel restrictions are cutting fuel costs but it is not good news for everyone.

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

Many nurseries are closed, but some are still asking parents to continue to pay a monthly fee

Coronavirus: Don't bail out airlines, say climate campaigners

Climate change: Use crisis to turn aviation green, say campaigners

Waitrose staff told to make up time off for virus

The firm expects staff to recover time they take off for sick family members.

UK drivers win first round in VW 'dieselgate' case

The High Court rules that the German firm installed 'defeat devices' in vehicles to cheat emissions tests.

Coronavirus: You can't just stop paying rent, tenants told

Landlords say the government should make it clear that rent must be paid unless a landlord agrees to a pause.

Executives agree pay cuts as thousand more staff suspended

More executives agree pay cuts, as firms continue to suspend thousands of staff and slash wages.

Coronavirus: Debenhams to file for administration

The department store chain, which employs 20,000 people, says the move will allow it to keep trading.

Sunday, April 5, 2020

Coronavirus: New car registrations may drop more than 40%

March is usually one of the strongest months of the year for the car industry.

Oil slides as Saudi Arabia-Russia talks delayed

The two major crude producers had been scheduled to hold talks on Monday but meeting has been delayed.

The iShield: Apple to design and make medical gear

Tech giant Apple is designing and making more than 1m face shields a week to ship to medical workers.

Madam CJ Walker: 'An inspiration to us all'

How an African-American orphan and single mother founded a business empire - 114 years ago.

Young and low-paid to be among worst hit in lockdown says study

A "remarkable concentration" of those under 25 and the worst paid are found in the affected sectors.

NMC Health lender applies to court for administration

The FTSE 100 firm has been under scrutiny for alleged unauthorised financial activities.

Coronavirus: 'I missed out on furlough payments by a day'

Thousands of people who started new jobs are not eligible for the government's 80% wage grant.

Coronavirus: Cath Kidston set to call in administrators

The retailer is expected to appoint advisers as the coronavirus heaps more pressure on the High Street.

Coronavirus: ExCel U-turns on charging NHS for hospital site

The owner of the centre will now cover costs for the NHS Nightingale Hospital.

Coronavirus: Tech firms summoned over 'crackpot' 5G conspiracies

Government will tell social media firms to take down posts more quickly after attacks on masts.

Saturday, April 4, 2020

Coronavirus: Ferries need financial help to survive pandemic, says trade association

Services providing supplies of food, medical equipment and other imported goods could be at risk.

Friday, April 3, 2020

BA cabin crew contract virus on long-haul flights

Pilots and cabin crew say the airline was slow to take action to protect them from the coronavirus.

My Money: 'People have started leaving their houses again'

As part of a BBC blog series, Jen Smith talks us through one week as pandemic restrictions ease in Shenzhen.

Coronavirus threatens the next generation of smartphones

The latest smartphones might be delayed due to disrupted supply chains and shoppers staying at home.

Small businesses worry coronavirus loans ‘too risky’

Owners of small businesses tell the BBC they still have concerns about the government’s loan scheme.

Coronavirus: Skinningrove British Steel production paused

Sites at Lackenby and Darlington are not affected and no job losses are planned.

What does it mean to declare insolvency?

What does it mean when firms declare themselves insolvent?

Coronavirus: New Look delays supplier payments 'indefinitely'

The clothing retailer cancels new orders and tells firms they can pick up their stock.

Coronavirus: UK among economies risking record slump

Record falls in manufacturing and services activity point to recession, says a closely watched survey.

Coronavirus: Debenhams set to appoint administrators

The department store chain says it is 'making contingency plans' amid the Covid-19 outbreak.

Coronavirus halts a decade of US jobs growth

American employers shed 701,000 jobs in March amid expectations there is worse to come.

Coronavirus: Sainsbury’s to ease shopping item restrictions

The supermarket has been limiting how many popular items customers can have because of stockpiling.

Coronavirus: What does it mean if I've been furloughed by work?

Millions unable to do their job due to coronavirus will have their wages paid by a new scheme.

Coronavirus and money: What if I can't pay my bills?

Social distancing is leading people to worry about money. Here's some advice on paying your bills.

Thursday, April 2, 2020

China's Luckin Coffee slumps on 'fake' data news

The company said its chief operating officer and other employees had fabricated financial information.

Coronavirus conman barges in on 83-year-old woman

Trading standards officers say old-fashioned doorstep crime is rising as virus concern is exploited.

Government bails out bus firms to keep routes open

A £167m fund will cover the losses of bus companies to keep essential services running for key workers.

Coronavirus: Four ways the economy has been affected

The impact of the virus on the UK economy has been analysed by the UK's official number crunchers.

Coronavirus: Emergency business loan scheme revamped after criticism

Firms have made more than 130,000 loan enquires, but fewer than 1,000 had been approved.

Coronavirus: Nissan extends Sunderland plant production pause

The Sunderland factory employs 7,000 people and produces the Qashqai, Juke and electric LEAF models.

UK using 1.2 billion tonnes of material a year

The figure is the equivalent of 18.5 tonnes of material per person and that has increased.

Coronavirus: US jobless claims hit 6.6 million as virus spreads

More than 6.6 million Americans filed for unemployment last week as the coronavirus spreads.

Coronavirus: Boots staff feel 'unsafe' as shoppers still browse makeup

Employees fear risk of coronavirus when staffing aisles selling non-essential items.

Coronavirus: Pets at Home seeing ‘exceptional demand’

'Vital role' of animals for households during the coronavirus pandemic lifts retailer's profit.

Casino operator Caesars hit with record £13m penalty

The punishment follows "extremely serious" social responsibility and money laundering failures.

Coronavirus: Loan and credit card payments set to be frozen

The Financial Conduct Authority wants banks to help borrowers in difficulty because of coronavirus.

Wednesday, April 1, 2020

Coronavirus: Oil prices rise on hopes of a price war truce

US President Donald Trump said he expects Saudi Arabia and Russia to strike a deal in the next few days.

Coronavirus: Nearly a million universal credit claims in past two weeks

Officials say the benefit system is coping despite unprecedented demand due to pandemic.

BA expected to suspend 36,000 staff

The airline reaches a deal with unions to furlough 80% of its workforce after grounding most of its fleet.

Coronavirus: Will jugglers and clowns harvest fruit and vegetables?

The UK is facing a shortage of fruit and vegetable pickers as harvest time nears.

The man who grew his own Amazon rainforest

Fighting back against destruction in the Amazon: how one man grew a rainforest of his own.

Big splash: The world's largest designer of water parks

Geoff Chutter is the founder of Whitewater West, the world's largest water park design firm.

Denying coronavirus loans 'completely unacceptable' banks told

The government warns banks not to deny emergency cash to good businesses that face going under.

Coronavirus: M&S store staff get bonus for coming into work

The chain is the latest supermarket to reward staff for their extra efforts during the crisis.

Coronavirus meant we had to delay our wedding

The coronavirus outbreak means big weddings are currently impossible. Here's one couple's experience.

Coronavirus: ASOS denies claims staff are unsafe at work during outbreak

The clothing brand says a claim it is "playing Russian roulette with people’s lives" is nonsense.