Business

As the coronavirus outbreak spreads, more and more companies are urging their employees to work from home to help limit transmission. But that isn’t an option for many Americans. Employees who can telework tend to be concentrated in higher-paying positions that require more education ― i.e., white-collar office jobs. In recent years, workers with advanced […]

Image copyright Getty Images Image caption The Pentagon wants to replace ageing computer networks with a single cloud system The US Department of Defense is to “reconsider” its decision to award a multi-billion dollar cloud contract to Microsoft over Amazon. It comes in response to a court case brought by Amazon Web Services (AWS), claiming

Image copyright Getty Images Image caption British Airways is among many airlines that have seen passenger numbers shrink and bookings collapse British Airways is to ground flights ‘like never before’ and lay off staff in response to the coronavirus. BA boss Alex Cruz sent a video message to all staff on Friday warning jobs would

Image copyright Getty Images Image caption European Commission President Ursula von der Leyen pledged more help European authorities are increasing efforts to try to stave off the economic effects of coronavirus. The European Union (EU) will put a package of measures in place including a €37bn euro (£33bn) investment initiative. And German finance minister Olaf

Image copyright AFP One of the leading travel insurance providers, AXA UK, has become the latest in a string of insurers to restrict cover for claims relating to coronavirus. New policies will not cover trip cancellation or disruption relating to the virus, it said. AXA joins Aviva, the Post Office and InsureandGo in limiting or

Image copyright MOrrisons Supermarket chain Morrisons is to pay its small suppliers immediately to help keep them afloat amid coronavirus uncertainty. The move aims to help suppliers get through any difficulties caused by the spread of the disease, a spokesman said. Morrisons is the first major UK supermarket to make this kind of change to

Image copyright Alamy Image caption Today’s stock markets falls follow sharp declines on Thursday Asian shares have continued the global markets slump on Friday as investors fear the spread of the coronavirus will wipe out economic growth. Shares across the region, including Japan, Hong Kong and China, have plunged in morning trading. It followed the

Image copyright Getty Images The global coronavirus outbreak means millions of travel and tourism jobs are at risk, says a leading industry body. The World Travel and Tourism Council (WTTC) says up to 50 million jobs could be lost because of the pandemic. Its chief executive, Gloria Guevara, said the outbreak “presents a significant threat

Image copyright Jonathan Head Image caption Tourists have deserted Thailand over coronavirus fears Over the past 25 years, Thailand has experienced a spectacular economic crash (1997), a tsunami (2004), coups (2006, 2014), the occupation of its main international airport by protesters (2008) and serious political violence (2010). Yet the statistics speak for themselves. In 1960

It’s one of the most profitable leisure industries in the world, but campaigners say the cruise industry could be contributing more than it needs to the problem of air pollution. Cruise ships have huge power demands, and to power on-board facilities such as lights and water treatment plants, they run their engines 24/7 whilst moored