coronavirus-halts-a-decade-of-us-jobs-growth

Coronavirus halts a decade of US jobs growth

Media playback is unsupported on your device Media captionCoronavirus: Millions of Americans unemployedA decade of jobs growth in the US came to an abrupt halt in March as employers shed 701,000 jobs amid the coronavirus outbreak.The unemployment rate rose to 4.4% in the biggest one-month jump since 1975, according to new data from the US…
coronavirus-new-look-delays-supplier-payments-039indefinitely039

Coronavirus: New Look delays supplier payments 'indefinitely'

Image copyright Getty Images New Look says it is suspending payments to suppliers for existing stock "indefinitely", telling them in a letter that the stock can be collected by its owners. The retailer is also cancelling orders for its Spring and Summer clothing lines and won't pay costs towards them.New Look told the BBC it…
small-businesses-worry-coronavirus-loans-too-risky

Small businesses worry coronavirus loans ‘too risky’

Image copyright Shaun Francis “I’m 56-years-old, why would I take out a loan with little income when the economy might take a long time to come back?”Shaun Francis is one of many small business owners with concerns about the government’s coronavirus loan scheme.He told the BBC that taking a loan out in his situation would…
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Coronavirus: Skinningrove British Steel production paused

Image copyright Steve Morgan/British Steel Image caption British Steel said it would take "decisive action" to protect its people and operations British Steel is pausing production at one of its plants on Teesside for at least three weeks.The Tees Valley Mayor said he had been assured by the company there would be no job losses…
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Coronavirus: What does it mean if I've been furloughed by work?

Image copyright Getty Images Until recently, many people in the UK had never heard of furlough. But the impact of coronavirus on the economy means that over the next few months millions of workers will rely on the scheme.Questions directed at Chancellor Rishi Sunak have been asked on social media under the hashtag #AskRishi. Many…
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Coronavirus: Morrisons store staff get bonus for coming into work

Image copyright Morrisons Morrisons is the latest supermarket to reward workers during the coronavirus crisis, with a threefold increase in bonus for the next 12 months.Marks & Spencer had already promised staff an extra 15% pay, while Aldi, Sainsbury's and Tesco have pledged 10%. Asda meanwhile has offered an extra week's pay in June, working…