Business

Lebanon’s economy is collapsing – businesses are closing, unemployment is rising and the lira’s black market value against the dollar has plummeted. The new government brought in after protests started late last year is failing to find solutions to reassure people that their savings won’t disappear. The country is heavily in debt, with many suggesting […]

Image copyright Reuters Airline Flybe is set to collapse within hours, putting 2,000 jobs at risk after a bid for fresh financial support failed, the BBC has learned. The struggling carrier narrowly avoided going bust in January. Exeter-based Flybe said the impact of the coronavirus outbreak on demand for air travel was partly to blame.

Image copyright EPA Image caption The coronavirus has collided with American politics to worry investors Global financial markets have plunged in recent weeks, amid fears that the coronavirus outbreak will bring the world economy to a standstill. But there’s another worry nagging at investors, particularly those in the US: politics. Until recently, Wall Street saw

Image copyright Nigel Howard Image caption Nigel Howard said his children had also bought shares and lost money Small investors who took a gamble on backing a mining development in North Yorkshire have been left facing huge financial losses after a takeover. Nigel Howard, 75, wanted to support a potential lifeline for his local economy

Image copyright Getty Images Boots has suspended payments using loyalty points in shops and online after attempts to break into customers’ accounts using stolen passwords. Customers will not be able to use Boots Advantage Card points to pay for products while the issue is dealt with. Boots said none of its own systems were compromised,

Image copyright LEGO Image caption Lego chief executive Niels Christiansen took over in 2017 after sales skidded to a halt Danish toy retailer Lego is betting big on physical stores despite falling demand in the wider toy market. It plans to open 150 branded shops around the world in 2020, having opened the same amount

Image copyright Lara Lloyd Image caption Lara Lloyd’s business has seen a number of cancellations by concerned customers Hundreds of thousands of businesses may not be able to claim on losses incurred by the coronavirus outbreak, despite a government U-turn. On Wednesday the government said it would declare coronavirus as a “notifiable disease”, a classification

Image copyright Getty Images Struggling airline Flybe is facing fresh doubts over its future amid concern about a rescue loan and the impact of coronavirus on its bookings. A £100m government loan to help stabilise the business aimed at stablilising the airline may now be in doubt. A source would not comment on a Financial

Image copyright Getty Images Image caption Elon Musk unveiled the first made-in-China Tesla Model 3 cars in January Tesla has revealed that it installed older, slower processors in new cars because of supply chain issues caused by the coronavirus outbreak. The firm had received complaints from owners of new Model 3 vehicles in China who

Workers will get statutory sick pay from the first day off work, not the fourth, to help contain coronavirus, the prime minister has said. Boris Johnson said people who self-isolate are helping to protect others from the virus and should not be “penalised for doing the right thing”. The emergency legislation means people will receive