Almost 230,000 renters could lose their home when the Government’s ban on evictions comes to an end in August. An estimated 3pc of adults living in rented accommodation owe almost two months’ worth of money to their landlord, research by charity Shelter has shown. Normally, any tenant who owes eight weeks […]
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Mini-bond marketing ban made permanent after investors lose millions
The City watchdog has announced plans to permanently ban the marketing of risky “mini-bonds” to DIY investors. Speculative mini-bonds have been under the spotlight since investors lost millions of pounds after pouring cash into these high-risk, unregulated schemes. Mini-bonds are sold when a businesses is looking to borrow cash from investors. However, the […]
As appetite for a thin EU trade deal grows, the City has the most to lose
Indeed, there is a sense in which politically it is no longer particularly important what is agreed, so long as it is something. It is not the substance, but seemingly the public relations fanfare of an agreement that has become the bigger political goal. To be in an ongoing fight […]
Developing Asia to lose up to half of foreign direct investment: UN
NEW YORK — Foreign direct investment to developing economies in Asia is projected to decrease between 30% and 45% this year because the region’s status as the world’s factory makes it particularly vulnerable to disruptions from the coronavirus pandemic, the United Nations said in its annual World Investment Report. “Flows to developing Asia will be severely affected due to […]
British Airways warned it could lose Heathrow landing slots amid jobs row
British Airways could be stripped of prized landing slots at Heathrow airport because it is cutting staff while still taking advantage of the taxpayer-backed furlough scheme, a minister has suggested. Officials will review whether they can intervene in slot allocations at Europe’s busiest airport as BA plans to slash 12,000 jobs, Kelly […]
Instant noodles cool as Japan’s stay-at-home stocks lose steam
TOKYO — Such Japanese stocks as Nissin Foods Holdings and Nintendo that had rallied in anticipation of demand from consumers stuck at home amid the coronavirus pandemic have begun returning to Earth as the government begins to relax emergency measures. Instant-noodle purveyor Toyo Suisan is included with Nissin on a […]
Top brands may lose $400B in value during pandemic
Dive Brief: The most valuable brands in the U.S. this year may lose a combined $393 billion in value as the COVID-19 pandemic damages the economy, per an annual ranking by consulting firm Brand Finance. While apparel, airline, bank and hotel brands may lose 20% of their value, e-commerce, media […]
Japan’s stay-at-home food stocks lose immunity to downturn
TOKYO — Makers of instant food were the go-to stocks in the Japanese market recently, poised to benefit from the social distancing trend, but now the shares are undergoing a correction. Nissin Foods Holdings, which makes instant noodles, fell 3% during Thursday’s trading in Tokyo. Frozen food maker Nichirei and Toyo Suisan […]
Two million people lose their jobs in record plunge
Up to 2m workers have lost their jobs already in the coronavirus crisis in the biggest blow to British employment on record. It means Covid-19 has wiped out the past five years of employment growth in a matter of weeks. The Institute for Employment Studies said the loss of between […]
A billion workers to lose out as coronavirus ravages jobs market
More than a billion workers around the world are set to suffer financially as the coronavirus destroys jobs, cuts working hours and slashes pay. One-third of the global workforce is expected to feel the effects directly, according to the International Labour Organisation, with those in the retail, manufacturing, accommodation and […]