Business

Cheesecake Factory has reportedly decided to not pay rent for April at any of the chain’s locations because of business lost to the coronavirus pandemic. “The severe decrease in restaurant traffic has severely decreased our cash flow and inflicted a tremendous financial blow to our business,” CEO David Overton wrote to landlords in a letter obtained by […]

Image copyright Getty Images The world has been given an indication of the economic impact of coronavirus as Singapore released its initial growth figures for this quarter. The trade-reliant city state now looks to be heading for its first full-year recession in about two decades. The figures suggest that the global economy is also set

Image copyright Getty Images Self-employed workers facing financial difficulties as a result of coronavirus are set to be offered a package of support from the government. Chancellor Rishi Sunak will unveil the measures later. He set out plans for 80% wage subsidies for staff kept on by employers last week – and the PM has

Image copyright Getty Images The future price of orange juice has spiked by more than 20% this month as consumers look for healthy products during the coronavirus pandemic. While demand has risen, supply has been hit as producers struggle to transport goods due to transport restrictions. This has driven a rise in so-called “futures” prices

Media playback is unsupported on your device Media caption‘The best time to start your business is… now!’ They say that when a woman gets a new hairstyle it means that there is something big going on in her life. For Michelle Ntalami back in 2013, the big thing was sadly that her father was gravely

Image copyright Josh “I didn’t want to overbuy as I didn’t want to be a part of the problem. So I placed an online order on Amazon for 30 rolls for £18 – I thought that would definitely cover her for three months.” Josh, a 25-year-old carer from Nottingham, is one of the many UK

Image copyright Getty Images Banks have been criticised by firms and MPs for insisting on personal guarantees to issue government-backed emergency loans to business owners. The requirement loads most of the risk that the loan goes bad on the business owner, rather than the banks. It means that the banks can go after the personal

Image copyright Getty Images The government has ordered 10,000 ventilators from Dyson to help deal with the coronavirus crisis. The firm, headed by British inventor Sir James Dyson, said it had designed a new type of ventilator in response to a call on behalf of the NHS. The order is still subject to the devices

All kinds of companies have been claiming they provide an “essential” service to the public during the coronavirus pandemic, so they can stay open despite a mounting number of stay-home orders from state and local governments. They include arts-and-crafts chains JoAnn Fabrics and Michaels and the video game seller GameStop. The refusal of those retail

Image copyright AFP Image caption Many airlines have been forced to ground aircraft due to a drop in demand over the coronavirus outbreak London City Airport has announced it will close until the end of April due to the coronavirus outbreak. All commercial and private flights will be temporarily suspended from Wednesday evening, the airport