2020-08-11 08:56:02| Guardian Unlimited Business - more business news
Rolling coverage of the latest economic and financial news, as the number of UK workers on payrolls falls by 730,000 since MarchPayrolls declined again in JulyONS: Worst quarter since the financial crisisWages declined as bonuses cut back 7.56am BST BCC Head of Economics Suren Thiru fears that more workers will lose their jobs as the governments job retention scheme winds up in October: While the headline data continues to lag behind the reality on the ground, the decline in the number of employees on payrolls and hours worked is further evidence of the damage being done to the UK labour market by the Coronavirus pandemic. The furlough scheme has been successful in preserving millions of jobs. However, with firms continuing to face a perfect storm of increased costs, reduced demand, and diminished cash reserves, unemployment is likely to surge as the government support schemes wind down, unless action is taken. 7.46am BST These charts, from todays jobs report, show how the Covid-19 pandemic has hurt the UK labour market: Continue reading...
2020-08-11 06:49:05| The Economic Times
Tim Cook, has joined one of the most elite clubs for CEOs who didnt actually found the companies they run: his net worth has eclipsed $1 billion, according to calculations by the Bloomberg Billionaires Index.
2020-08-10 18:18:55| digg
Here's how YouTuber Stuff Made harnessed explosive charges to design a baseball hat that hits the ball way faster than normal people can hit by hand.
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 08:00:00| Guardian Unlimited Business - more business news
Former Elton John and Beyoncé manager Merck Mercuriadis on championing artists and his business buying over 13,000 songsLivin on a Prayer, Heart of Glass, Copacabana, Single Ladies.Theyre all huge pop songs and dancefloor favourites of the past 50 years. And according to one music industry veteran, they are more valuable than gold.Merck Mercuriadis is the founder of Hipgnosis, a London-listed company offering investors the chance to make money from the royalties generated from these and thousands of other songs by famous artists. Continue reading...