Chinese e-learning king TAL Education admits inflated sales

HONG KONG — Online tutoring company TAL Education has admitted to inflating sales figures, joining a growing list of scandals linked to U.S.-listed Chinese companies and further hampering market confidence in the aftermath of Luckin Coffee’s $310 million fraud.

Beijing-based TAL said on Tuesday evening U.S. time that it discovered one employee had “wrongly inflated sales” of an educational program by forging contracts and other documentation. TAL did not reveal the exact figure of the fabricated sales but said the program at issue contributed roughly 4% of its total revenue in fiscal 2020.

Shares of the New York-listed company were

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can you also cancel BT Sport?

With millions of people across the country preparing to spend weeks at home, many will be relying on television to provide them with information and entertainment during the coronavirus crisis.

However, sports fans will have a limited choice of viewing as most of the world’s major sports leagues have announced that they will suspend their competitions to help limit the spread of the virus.

In football, the Premier League, Champions League, Football League and National League have all been placed on a hiatus. Other sports such as Formula 1, rugby union and rugby league have also halted their seasons. 


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I’ve lost my job, how do I apply for Universal Credit?

The effects of coronavirus are taking their toll as millions of Britons could be out of a job if companies continue to be forced to drastically cut down costs.

The Treasury is setting up a Job Retention Scheme to incentivise employers to keep as many employees on the payroll as possible but that’s not going to be an option for the hardest-hit businesses. 

It is also not available to any of Britain’s five million self-employed workers if they lose their livelihood due to the pandemic. The Government has said it will instead support them via a grant scheme to cover

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Japan set for deep recession after coronavirus emergency declared

TOKYO — The declaration of a state of emergency in Japan has prompted economists to slash forecasts for three months from April to June.

Analysts from domestic and international banks now all expect an annualized double-digit contraction in the second quarter, before the Japanese economy returns to a precrisis level.

J.P. Morgan Securities forecasts the economy will shrink 17% in the quarter, BNP Paribas Securities sees a fall of 16%, and Dai-ichi Life Research Institute and Meiji Yasuda Research Institute project a contraction of more than 10%. Goldman Sachs is the most bearish, anticipating a 25% decline.

The partial lockdown

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