British Finance Minister Rishi Sunak has warned that there will be no easy and cost-free response to the crisis caused by the coronavirus epidemic. He announced that he would restore control over public finances.more
Cineworld, the world's second-largest cinema chain, will temporarily shut down all its cinemas in the US and UK due to the pandemic crisis and the delay in the release of a new Bond movie, the company said. He will lose his job up to 45 thousand. people.more
Two billionaire brothers from Blackburn have won the battle to buy Asda from Walmart of the US, in a deal valuing the supermarket chain at £6.8bn.
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Official data from the Erns & Young group (EY) showed that the United Kingdom has lost 7.5 thousand high-paying jobs in the financial sector since the announcement of Brexit. 400 vacancies have been permanently transferred from the UK to Europe in the past weeks alone.more
The M-15 agricultural jet, which was produced in Mielec in the 1970s, was indicated by the American magazine "Popular Mechanics" as the ugliest plane in the world. Interestingly, the common name for this machine is Belphegor - just like the name of the famous Louvre phantom.more
A scenario in which a Brexit does not reach an agreement will create threats to the European automotive industry - economists of the investment bank Goldman Sachs confirmed. The appeal to stop the so-called The "hard" Brexit was launched earlier by European entrepreneurs associated with the automotive industry.more
The media in Spain indicate mass closures of companies by entrepreneurs operating in this country. They note that this phenomenon, mainly related to companies from the tourism, entertainment, trade and catering sectors, will not end this year.more
The government and firms will continue to top up wages of workers who have not been able to return to the workplace full time due to the coronavirus. The Jobs Support Scheme, which will replace the furlough scheme, will see workers get three quarters of their normal salaries for six months.more
Rishi Sunak has scrapped his plan for an autumn budget and will announce fresh measures to halt job losses and business failures on Thursday amid government fears that a second wave of Covid-19 threatens Britain with a double-dip recession.more
China, the largest producer of greenhouse gases, will achieve carbon neutrality by 2060, PRC leader Xi Jinping said at the UN General Assembly session. This is Beijing's most concrete commitment to date.more
Bank of England Governor Andrew Bailey called on the British government on Tuesday to "pause and reconsider" its decision to end at the end of October the wage subsidy program for workers left on forced leave due to the epidemic.more
British employers have so far voluntarily reimbursed the government over £ 215 million, which was mistakenly sent under the government's funding program for forced leave workers due to the epidemic (Coronavirus Job Retention Scheme), it said.more
The night-time economy is “on the brink of collapse” with more than 700,000 jobs at risk — and the end of the furlough scheme could be “the final blow”, an industry body has warned.more
As a result of the agreement signed yesterday between the authorities of CaixaBank and Bankia, the largest bank in Spain was created. Details of the merger between the country's third and fourth banks are to be revealed today at a press conference in Valencia.more
The Bank of England said the economic recovery remained on track but warned the outlook remained “unusually uncertain” after voting to keep its main interest rate unchanged at 0.1%.more
Prime Minister Boris Johnson said a second coronavirus lockdown would be "disastrous" for the British economy, even as residents of north-eastern England prepared for more stringent restrictions in response to an uptick in cases.more
The UK's inflation rate fell sharply to a five-year low of 0.2% in August as the effect of the Eat Out to Help Out scheme pushed down restaurant prices.more
The UK unemployment rate has risen to its highest level for two years, official figures show. The unemployment rate grew to 4.1% in the three months to July, compared with 3.9% previously.more
The lack of a free trade agreement with the UK at the end of 2020 will translate into over 100 billion euros in losses for the European automotive sector over the next five years - the main organizations of the automotive industry are alarming and are calling for the conclusion of this agreement.more
The European Union and the United Kingdom have not yet come to an agreement on the rules on which trade between the countries will take place - noted Łukasz Ambroziak, an expert from the Institute of Agricultural and Food Economics. The United Kingdom is the third largest trading partner for Poland and the second largest in the case of food.more
In the last quarter of this year, 9 percent of companies will be looking for new employees, while 4 percent plan to cut jobs. The best prospects for finding a new job will be in construction and trade.more
