Daily Mirror owner Reach to cut 550 jobs as sales fall
The owner of the Daily Mirror and the Daily Express is to cut 12% of its workforce as it struggles with the impact of the coronavirus pandemic.
Reach, which also owns the Daily Star, OK! Magazine and a stable of regional newspapers, said about 550 people would lose their jobs.
The group, whose sales were falling even before the pandemic, saw revenue slip nearly 30% in the quarter t...Continue reading
Sunak to unveil £2bn home insulation scheme
Hundreds of thousands of homeowners will receive vouchers of up to £5,000 for energy-saving home improvements, with the poorest getting up to £10,000.
Chancellor Rishi Sunak is due to set out a £2bn grant scheme in England for projects such as insulation as part of a wider £3bn plan to cut emissions.
The Treasury said the grants could help to support more than 100,000 jobs.
TikTok to exit Hong Kong 'within days'
TikTok has said it will quit Hong Kong after China imposed a new security law on the city.
"In light of recent events, we've decided to stop operations of the TikTok app in Hong Kong," a spokesman told the BBC.
The company's exit from the city will come "within days," according to the Reuters news agency.
Facebook and Twitter said this week they were "pausing" co-operation wit...Continue reading
Coronavirus: Japan's household spending slumps at record rate
Japan's household spending has slumped at a record pace as measures to slow the spread of the coronavirus kept people at home.
Government figures show household spending dropped by 16.2% in May from a year earlier.
The worse than expected fall was the fastest rate of decline since comparable data began in 2001.
The figures serve as another indication of how hard the pandemic h...Continue reading
Workers not eligible for furlough: "It's been very stressful'
Before lockdown, Amber Millar Chambers worked at two bar jobs to support her university studies. One furloughed her, the other didn't.
She is among an unknown number of people in the UK who have lost out financially, because for more than three months, workers could not be part-furloughed. Workers not on a company's payroll are also not eligible for the scheme.
The furlough scheme, ...Continue reading