Business

Image copyright Getty Images Budget airline EasyJet has asked pilots and cabin crew to agree to sweeping changes in their terms and conditions, as part of its response to coronavirus. Among the proposed changes are a freeze on planned pay rises and a requirement to take three months of unpaid leave. The airline would also […]

The Bank of England has cut interest rates again in an emergency move as it tries to support the UK economy in the face of the coronavirus pandemic. It is the second cut in interest rates in just over a week, bringing them down to 0.1% from 0.25%. Interest rates are now at their lowest

Image copyright Getty Images Gas and electricity suppliers have agreed an emergency package of measures to ensure vulnerable people do not get cut off amid a virus outbreak. More than four million people who are on prepayment meters will receive help if they cannot get out to top up. This may include credit being sent

Image copyright Getty Images The boss of Next has warned that the retailer faces a “very significant drop in sales” as a result of the effect of coronavirus on the business. Lord Wolfson said online sales were “likely to fare better” than the shops, but would also suffer “significant losses”. “People do not buy a

Media playback is unsupported on your device Media caption“Leadership is about enabling others to be their best” When Vasant Narasimhan was told he was being considered for the top job at Swiss drugs giant Novartis, he thought there had been a mistake. “It didn’t seem plausible, at the time I was only 40,” he says.

Image copyright Getty Images Facebook will pay its third-party US content moderators to work from home. On a call with reporters, Facebook’s chief Mark Zuckerberg said the contract workers would still get their full salaries even if they were unable to do all their normal tasks. The company will also increase use of artificial intelligence

Image copyright Getty Images Taxpayers face a bill of at least £156m for the response to the collapse of Thomas Cook, according to a report by the government’s spending watchdog. The travel company’s collapse last September left 9,000 staff out of work and 150,000 holidaymakers stranded. The National Audit Office (NAO) said the government had

Image copyright Scott Barbour Qantas has become the latest major airline to cancel international flights as it struggles during the coronavirus pandemic. The Australian flag carrier will send home two-thirds of its 30,000-strong workforce, it announced on Thursday. Qantas and its low-cost unit Jetstar will suspend all overseas flights from late March to at least

Image copyright Getty Images The European Central Bank (ECB) has launched an emergency €750bn ($820bn; £706bn) package to ease the impact of the coronavirus pandemic. It will buy government and company debt across the eurozone, including that of troubled Greece and Italy. ECB boss Christine Lagarde tweeted “there are no limits” to its commitment to

Detroit’s Big Three automakers announced Wednesday that they are ceasing production at their U.S. plants due to the coronavirus, showing how the economic damage from the pandemic is spreading beyond the service sector. Ford said it would halt production at all North American facilities from the end of Thursday’s shift through March 30. GM said