Small businesses who also qualify for the 10 per cent wage subsidies previously announced by the government can still claim this benefit as the program is still in effect. Approved jobs could be on the books as early as next month, and the qualification period has also been extended to include positions that exist into next February because, as Trudeau put it, "We know that some jobs will start la... [Full Article...]
Geneva: About 40 crore workers in the informal economy in India are at risk of falling deeper into poverty during the COVID-19 pandemic crisis. In India alone, the report states, "about 400 million workers in the informal economy are at risk of falling deeper into poverty during the crisis". [Full Article...]
Tesco has committed to paying shareholders a final dividend of 6.15p per share, totalling £635 million, after posting a surge in profits. He said investors, both large and small, relied on the dividend income, which was for the year ended February 29, and so pre-dating the crisis. [Full Article...]
In a six-part Twitter thread , Mr Dorsey said he wanted to donate to causes where he could see an impact in his lifetime. Once the pandemic is "disarmed", the Start Small fund would focus on education and healthcare for girls and universal basic income ( UBI ), Dorsey added. [Full Article...]
The company said the board of directors made the decisions because it expects global travel restrictions won't be completely lifted for months and that it will take years until worldwide demand for air travel returns to levels before the coronavirus crisis. [Full Article...]
But the coronavirus pandemic means the Easter shop will be different this year. Outside Woolworths stores there will be signage and a coned area instructing customers where to queue and the number of customers in-store will be managed using a one in, one out policy. [Full Article...]
Parliament will meet with dramatically reduced numbers on Wednesday to pass the JobKeeper payment into law. But the government has insisted that only workers who have been with one business for 12 months are eligible. The Fair Work Commission will be able to review stand-down periods and employer changes to people's work location or duties. Reasonable requests to take annual leave will not b... [Full Article...]
SoftBank had agreed to buy the shares from Neumann, Benchmark Capital and others as part of a bailout package previous year, but notified stockholders in mid-March that conditions for the deal hadn't been met. The legal complaint, filed in DE by WeWork parent The We Company, is also alleging SoftBank breached its fiduciary duty to WeWork's minority stockholders. [Full Article...]