The government has announced a £1.25bn package to support innovative new companies that are not eligible…
Category: News
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,…
IMF head calls for Brexit trade talk extension
The IMF has suggested the UK and the EU should “not to add to uncertainty” from…
Asia Pacific markets little changed as IMF flags risk of severe global recession
Stocks in Asia were little changed in Wednesday afternoon trade as the economic impact of the…
Chinese giants Huawei and Tencent join national group on blockchain after Xi’s backing for the tech
China’s major technology giants are among a group of organizations that have joined a national committee…
Chancellor Sunak warns of ‘tough times’ for UK economy
A forecast by the UK’s tax and spending watchdog suggests the coronavirus crisis will have “serious…
‘World faces worst recession since Great Depression’
The global economy will contract by 3% this year as countries around the world shrink at…