Business

Image copyright Getty Images Image caption Federal Reserve Chairman Jerome Powell will hold a media conference later on Sunday The US has cut interest rates to almost zero and launched a $700bn stimulus programme in a bid to protect the economy from the impact of coronavirus. It is part of a co-ordinated action announced on […]

Image copyright Getty Images The government is in talks with rail bosses to put emergency measures in place to deal with falling passenger numbers after the coronavirus outbreak. Some train operators were already losing money but fewer fares will put even more pressure on their finances. A senior industry source said fairly drastic measures might

Image copyright European Photopress Agency The UK’s aviation industry may not survive the coronavirus pandemic without emergency financial support, airlines have warned. Trade body Airlines UK has asked the government for a package worth several billion pounds. US travel restrictions will hit all transatlantic routes from Tuesday, further denting the aviation sector. The government said

Image copyright AFP Image caption Panic buying has left some supermarkets in the UK with empty shelves Supermarkets are urging shoppers not to buy more than they need amid concern over coronavirus-linked stockpiling. In a joint letter, UK retailers have reminded customers to be considerate in their shopping, so that others are not left without

Image copyright Getty Images Image caption Mark Carney is the first non-Briton to lead the Bank of England in its 325-year history Mark Carney steps down as Bank of England governor this weekend after almost seven years in the job. The Canadian oversaw big changes at the Bank, which was given more power in the

On Friday afternoon, about a dozen cafeteria workers at the Knights of Columbus headquarters in New Haven, Connecticut, learned they would be laid off because of COVID-19, the disease caused by the coronavirus. With Knights of Columbus employees working remotely and no longer dining in the cafeteria, there would be no need for the hourly

Image copyright Getty Images Image caption Restaurant, pub and cafe chains employ tens of thousands of people across the UK Hotel, cafe and dining chains will fail and jobs will go if the government does not do more to help the industry, a trade group has warned the chancellor. In a letter to Rishi Sunak,

A breakup doubled Andrea Guinn’s living expenses overnight. Saddled with the bills and rent for the apartment she once shared with her ex in Queens, she fell behind on payments to Consolidated Edison, the $29 billion investor-owned utility that enjoys a monopoly on electricity in New York City. By February, the 33-year-old said, she paid

A federal judge has blocked a food benefit cut that would have taken effect next month and denied benefits to thousands.  The Trump administration wanted to limit benefits for able-bodied adults without dependents, but D.C. District Court Chief Judge Beryl A. Howell has granted a preliminary injunction sought by Democratic attorneys general.  “Especially now, as

Image copyright Reuters Microsoft co-founder Bill Gates is stepping down from the company’s board to spend more time on philanthropic activities. He says he wants to focus on global health and development, education and tackling climate change. One of the world’s richest men, Mr Gates, 65, has also left the board of Warren Buffett’s massive