Selling off museum pieces to save jobs should not be a taboo — especially during a pandemic When a group of Royal Academy of Arts grandees recently suggested selling one of the institution’s masterpieces, it caused quite a stir. This was not just any artwork: it was Michelangelo’s Taddei Tondo, a great unfinished masterpiece that is considered among the Academy’s crown jewels. The proposal — auction it off for more than £100m [...]
UK firms cut more than 106,000 jobs amid coronavirus pandemic UK firms to cut 106,000 jobs amid coronavirus pandemic The coronavirus pandemic has battered the UK economy since it arrived in early 2020 – and no sector has remained unscathed, with more than 100,000 job cuts planned during the pandemic. The government’s furlough scheme has allowed millions of people to keep getting a paycheck, but fears are growing that when this is phased out [...]
Electric scooters zoom onto UK roads as government fast-tracks trials Electric scooters zoom onto UK roads as government fast-tracks trials Brits will finally be allowed to zoom around on rented electric scooters from Saturday, as part of a bid to promote socially-distanced transport. The Department for Transport (DfT) said the first rentable e-scooters could be available next week, as it published guidance for e-scooter-for-hire firms. It comes as the government tries to ease the pressure on [...]
Microsoft to train up 25m people with digital skills in wake of coronavirus crisis June 30, 2020 About 25m workers are set to get free online training in digital skills from Microsoft, as the computer giant bids to give the ailing global economy a boost amid the coronavirus pandemic. The training, which will be available to workers around the world, is designed to teach skills that Microsoft says people need to get [...]
Shirt and tie retailer TM Lewin ‘falls into administration’ with 600 jobs lost June 30, 2020 About 600 workers will lose their jobs at the century-old shirtmaker TM Lewin, after the high street stalwart went into administration this afternoon. The company is to close all 66 of its physical stores, and will only continue trading online, after a company hired to restructure the menswear company decided its high street offering was [...]
Coronavirus takes the sparkle off Louis Vuitton’s finances as luxury brands brace for bumpy ride June 30, 2020 Louis Vuitton owner LVMH has forecast that the coronavirus crisis will take the shine off its finances for some time yet. Despite some signs of improvement this month, the world’s biggest luxury goods group admitted this morning that the best it can hope for is a “gradual recovery”, after sales were pummelled by lockdowns across [...]
Late screening: Cineworld pushes back reopening until 31 July after film delays June 30, 2020 Cineworld has pushed back the reopening of its cinemas in the UK and US by three weeks to 31 July. The world’s largest cinema chain has originally planned to reopen its doors on 10 July in the UK, after the government gave venues the green light to start operating again from 4 July. It said [...]
Majority of firms to expand remote working policies in wake of coronavirus pandemic June 30, 2020 The coronavirus crisis has dramatically transformed the way companies operate – and although some things may one day go back to normal, remote working is here to stay. That’s according to a survey of 150 companies listed in the Fortune 2000 rankings, the vast majority of which are looking to increase the amount employees work [...]
Digital wealth manager Moneyfarm hits £1bn assets under management June 30, 2020 Moneyfarm has become the latest digital wealth management company to have more than £1bn in assets under management, it announced today. The milestone comes eight years after the launch of the company, which started out in Italy. Now UK-based, it boasts more than 45,000 customers in Britain, Italy, and Germany. At the end of 2019, [...]
Happy returns? Companies plan how to get employees back to work June 30, 2020 About half of Britain’s employers are likely to stagger their workers’ return to the office, amid concerns over the health risks of going back to work. According to research by recruitment consultancy Robert Walters, 49 per cent of employers are planning to stagger the return to work based on employees’ own health risks related to [...]
