Etichetta: losses

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Javid sorry for Covid losses but says he has not read Commons report in detail

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The health secretary has said he is sorry for the losses that have occurred due to the Covid-19 pandemic, but fell short of apologising for the government’s decision to delay lockdown last March. Sajid Javid’s comment...

Heathrow wants travel opened up for vaccinated as Covid losses near £3bn

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Heathrow airport has called on the UK government to open up travel for fully vaccinated passengers as it said its losses because of the Covid-19 pandemic had reached almost £3bn. The airport reported a £868m loss for ...

Cryptocurrencies could lead to ‘limitless’ losses for UK government

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The government could face “limitless” losses as a result of businesses that accept payments in untaxed and untraceable cryptocurrencies going bust, an insolvency expert has warned. A growing number of companies, inclu...

UK bus privatisation has caused poverty and job losses, says UN

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Britain’s bus services outside London were so damaged by privatisation that people were unable to access basic needs such as work, education and healthcare, according to a scathing report by the former UN special rapp...

Insurer Hiscox agrees settlement with action group over Covid losses

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The insurer Hiscox has agreed a settlement with a group of about 400 companies over business interruption losses suffered as a result of lockdowns during the Covid-19 crisis. Thousands of businesses tried to make clai...

Cryptocurrency boom fails to stem losses at UK fintech firm Revolut

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Losses at the British fintech firm Revolut nearly doubled last year, despite cashing in on the year-end cryptocurrency boom. The company – founded by the former Lehman Brothers trader Nik Storonsky and chaired by the ...

A year after peak job losses, the US recovery has been slow to arrive

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The coronavirus pandemic sparked one of the deepest, and strangest, downturns in employment in US history. On Friday, the Bureau of Labor Statistics said the US had added another 559,000 jobs in May, and the unemploym...

Giro d’Italia: Simon Yates wins stage 19 but Egan Bernal manages losses

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Simon Yates of Team BikeExchange won stage 19 of the Giro d’Italia on Friday, reducing the gap in the general classification to leader Egan Bernal, who finished third on the penultimate mountain stage to protect his o...

WeWork’s losses quadruple to $2.1bn as work from home policies halve revenue

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WeWork’s losses quadrupled to $2.1bn (£1.47bn) in the first quarter as the pandemic-driven move to flexible working drove a 30% plunge in customers at the troubled office-sharing company. L'azienda, which made a los...

WeWork’s losses quadruple to $2.1bn in first quarter of 2021

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WeWork’s losses quadrupled to $2.1bn (£1.47bn) in the first quarter as the pandemic-driven move to flexible working drove a 30% plunge in customers at the troubled office-sharing company. L'azienda, which made a los...

British retailers say closures and job losses still a risk despite lockdown easing

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Store closures and job losses are a threat to Britain’s retail sector despite an increase in activity following the easing of lockdown restrictions, the government has been warned by the industry’s trade body. The Bri...

Starmer faces backlash over sacking of Angela Rayner after election losses

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Keir Starmer’s leadership of the Labour party was plunged into crisis on Sunday as a plan to demote his deputy, Angela Rayner, was derailed by a backlash from her supporters, leading to a prolonged standoff between th...

Keir Starmer to reshuffle Labour frontbench after election losses

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Keir Starmer is expected to reshuffle his frontbench on Sunday, including finding a significant new role for his deputy, Angela Rayner, after his decision to remove her as party chair and national campaign coordinator...

Labour reshuffle and policy review expected after May election losses

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Keir Starmer is expected to reshuffle his top team and kick off a policy review as he seeks to reassert his leadership after a string of embarrassing losses in the “Super Thursday” elections. Recriminations flew on Fr...

Heathrow slashes passenger forecasts as Covid-19 losses near £2.4bn – business live

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Copertura continua delle ultime notizie economiche e finanziarie

Bank losses linked to Archegos top $10bn after latest results

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Bank losses linked to the collapse of Archegos Capital Management have topped $10bn, after Nomura and UBS became the latest global banks to reveal the true impact of the hedge fund’s failure on their finances. Some of...

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