Tui, which has a store in The Arcade, off Newark Market Place, said it hoped to move 70% of the 900 staff affected by the closures to home-working roles. Tui also told the BBC that it had closed overseas customer services centres in Mumbai and Johannesburg in a bid to protect United Kingdom jobs. With 45% of global tourists opting to buy more products online in a post-pandemic world, it is likel... [Full Article...]
Figures for the West Midlands show the numbers claiming unemployment benefits, including Universal Credit, were up 47,305 to 265,030 (7.3 per cent). The report shows the reduction in total hours worked is a record both in the year and the quarter, demonstrating the value of the furlough scheme. [Full Article...]
Consumers, restaurants, and retailers who can not tell if their onions came from Thomson International Inc or any food dish contains them should not eat, sell, or serve them and, instead, throw them out. Younger youngsters, pregnant ladies, the aged and folks with weakened immune methods might contract severe and generally lethal infections. An "abnormally high" number of salmonella cases have ... [Full Article...]
The S&P 500 was 0.1% higher after the first half hour of trading, on track to close out its fourth straight winning month. "With the impact of past stimulus measures fading and given some evidence that the global recovery has already stalled, it remains to be seen what will help keep global stock markets elevated in the coming months, especially US stocks", said Fawad Razaqzada, a market analyst... [Full Article...]
The man's relatives are yet to test positive. It is believed he contracted the virus when he and his family ate at Madtongsan IV Korean restaurant at Sunnybank on July 23. Queensland Police Commissioner Katarina Carroll said she was "bitterly disappointed" but police were now sure they had all members of the travelling party identified. [Full Article...]
Many economists note that the economy can't fully recover until the coronavirus is defeated - a point stressed Wednesday at a news conference by US Federal Reserve Chair Jerome Powell . The economy's collapse in the April-June quarter, stunning in its speed and depth, came as a resurgence of the viral outbreak has pushed businesses to close for a second time in many areas. [Full Article...]
Spain , however, recorded an 18.5 percent plunge in second-quarter GDP, reflecting one of the most stringent COVID-19 lockdowns in Europe which battered its key tourism industry. Gains in the techs helped provide some support but not enough to make a huge difference at the end of yet another turbulent week. The rate rose to 7.8% in June from 7.7% in May. [Full Article...]
All FOMC members voted to leave the target range for short-term interest rates at between 0% and 0.25%, where it has been since March 15 when the virus was beginning to hit the nation. Fed plans to increase its holdings of Treasury securities and agency residential and commercial mortgage-backed securities at least at the current pace to support the flow of credit to households and businesses, ove... [Full Article...]