Business

At Next Door, the community-oriented, “sustainable” restaurant chain owned by billionaire Kimbal Musk, workers were told they were part of a family. Not a family as wealthy as Musk’s ― the self-proclaimed philanthropist and restaurateur, known for his signature cowboy hat, is the younger brother of multibillionaire Tesla founder Elon Musk. But workers at Next […]

Holland & Barrett has kept its shops open during the coronavirus crisis, but staff are campaigning for them to shut arguing their health is at risk. The alternative health chain has 750 UK stores and counts as an essential retailer because its products cater for people with special dietary needs. But staff have set up

Image copyright EPA The impact of the coronavirus outbreak on the economy is being felt globally. Restrictions on daily life have led to the closure of many companies and the laying off of staff – either permanently or temporarily. The International Labour Organization (ILO), an agency of the United Nations, has been looking at the

Image copyright Getty Images Image caption Softbank chief executive Masayoshi Son WeWork has taken its biggest investor to court after the collapse of a key part of a multi-billion-dollar rescue deal for the troubled co-working firm. In a lawsuit, WeWork accused SoftBank of putting “its own interests” first when it abandoned a plan to buy

Image copyright EPA European shares joined a rally on Wall Street and in Asia as investors seized on signs that the spread of coronavirus in some hotspots may be easing. In London, Paris and Frankfurt stocks traded about 3% up, following a 7.7% rise for New York’s Dow Jones index. “Equities are still racing higher,

Image copyright Getty Images As the coronavirus pandemic continues, more and more sectors of the economy are feeling the strain. And with banks under fire for denying emergency loans to some firms, it’s hardly surprising that the UK’s government is facing more calls for direct intervention. The list covers big chunks of the country’s infrastructure

Image copyright Getty Images Bosses of cinema chain Cineworld have waived salaries and bonuses as they struggle with a downturn in business due to coronavirus restrictions. The world’s second largest cinema chain has closed its 787 cinemas in 10 countries because of the virus. The UK-based firm is also suspending dividend payments, and is in

The number of new property sales agreed in the UK has fallen by 70% since the start of the coronavirus restrictions, according to homes listing site Zoopla. Properties were still selling and being newly listed until the start of the restrictions on 23 March, when, among other things, the government urged people not to move

Image copyright Getty Images A major car insurer in the US is refunding millions of dollars to customers stuck at home during coronavirus lockdowns. Allstate, the country’s fourth biggest car insurer, said it would give back $600m (£490m) in total to customers. Another insurer, American Family Mutual, is also refunding customers, with cheques totalling $200m.

Image copyright Getty Images Image caption Mike Horn says we can all grow our personal resilience The BBC’s weekly The Boss series profiles different business leaders from around the world. This week we speak to professional explorer and motivational speaker Mike Horn. “I was bitten by a snake and lost my eyesight, and all the