Business

Disney Plus racks up 50m subscribers in five months

Image copyright Albert L. Ortega Image caption The Mandalorian featuring Ming-Na Wen is a Disney+ offering Disney’s new video streaming service has hit more than 50 million subscribers since its launch five months ago. When Disney Plus last announced viewing figures in February it had reached 26.5 million subscribers. Since then, this has almost doubled […]

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Coronavirus: Renters ‘more at risk from economic downturn’

Image copyright Getty Images Renters are likely to be hit harder than homeowners from an economic downturn during the coronavirus crisis, a think tank has warned. The Resolution Foundation said homeowners were “relatively well protected” compared to previous slumps. But renters were more likely to work in affected industries and spend more of their income

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Coronavirus: Chancellor announces aid for charities

Image copyright Getty Images Chancellor Rishi Sunak has announced a £750m package to keep struggling charities afloat during the coronavirus pandemic. The move follows concern that some charities are facing collapse, with income shrinking because of enforced shop closures. Bigger charities such as Oxfam and Age UK have furloughed two-thirds of staff. The measures involve

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Coronavirus: ‘Drop in global trade to be worse than 2008 crisis’

Image copyright Getty Images Image caption Coronavirus has halted many global deliveries The World Trade Organization (WTO) is predicting a severe decline in international commerce this year. In a new report the WTO forecasts a contraction of between 13% and 32% this year. The wide range of possibilities reflects the uncertainties about the health crisis.

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Coronavirus: Insurance companies pause dividend payments

Image copyright Aviva Insurers Aviva, RSA, Direct Line and Hiscox have scrapped plans to pay dividends to shareholders during the coronavirus crisis. They acted after financial regulators urged them to pause payouts because of the uncertainty cause by Covid-19. The Prudential Regulation Authority (PRA) welcomed “the prudent decision”. “Insurers should pay close attention to the

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