Online fashion retailer Boohoo says it has found a new way of thriving in the coronavirus…
Category: News
UK inflation hits 1.5% as lockdown begins to bite
The UK’s inflation rate fell to 1.5% in March, largely driven by falls in the price…
Lenders kick-start mortgage deals
Some big lenders have begun reopening their doors to British borrowers, making it easier to get…
Primark sells nothing as retailers admit struggles
Clothing giant Primark has gone from making £650m in sales a month to nothing as the…
Facebook’s $5.7bn bet on India’s richest man Mukesh Ambani
Facebook has said it is investing $5.7bn (£4.6bn) in cut-price Indian mobile internet company Reliance Jio,…
Government unveils £1.3bn scheme to help start-ups
The government has announced a £1.25bn package to support innovative new companies that are not eligible…
Virgin Australia slumps into voluntary administration
Virgin Australia has confirmed it has entered voluntary administration – making it Australia’s first big corporate…
Disney stops paying 100,000 workers during downturn
Walt Disney will stop paying more than 100,000 employees from this week as it struggles with…
US oil prices drop to 21-year low as demand dries up
The price of US oil has fallen to a level not seen since 1999, as demand…
America’s $349bn fund for small firms runs out
America approved an unprecedented $349bn in relief last month aimed at helping small firms through the…
EU helps protect weak firms from foreign takeovers
The EU plans to help block foreign takeovers of European companies struggling with the virus downturn.…
Asian economies won’t grow this year, says IMF
Economies in Asia will see zero growth this year for the first time in 60 years,…