Business

Elon Musk’s Billionaire Brother Told His Workers They Were Family. Until COVID-19 Hit.

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 […]

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Coronavirus: Six industries still crying out for help

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

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Coronavirus: Cineworld directors waive salaries as virus impact hits

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

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Coronavirus: US car insurers refund drivers stuck at home

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.

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