HSBC restarted the “workforce optimisation” programme
Banks are going more and more online, so the layoff process hasn’t been started with COVID. The later however led to its intensity and lack of any meaningful…
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Unemployment growth is certainly not under control
It’s hard to say what has has caused more negative effects to the economic development of UK: the virus or the measures to tackle the outbreak. Anyway, the…
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In IT, Innovation and Startups
Vodafone asks the government not to wipe out Huawei 5G equipment
If the United Kingdom wants to play a leading role with 5G technology for superfast mobile internet, the Chinese Huawei has an important role to play. Vodafone warned…
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Even tobacco companies have lowered their sales forecast
Tobacco manufacturer British American Tobacco (BAT) has lowered its sales forecast for the full fiscal year as a result of the corona crisis. The second largest cigarette maker…
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Just Eat approached Grubhub to get into US market
Meal delivery company Just Eat Takeaway is said to be interested in the American industry colleague Grubhub. News channel CNBC reports on the basis of insiders that the…
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Consumer confidence at the lowest level in decade
British consumer confidence reached its lowest level in a decade in the second half of May. This is reported by market researcher GfK. British people are concerned, among…
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Iraq, Kazakhstan, Angola and Nigeria join the OPEC agreement on production
Iraq is joining the extension of the oil production restrictions agreed upon by OPEC leader Saudi Arabia and Russia. Sources reported it to Bloomberg news agency. The oil…
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Brent oil rose to 40 USD/b as nations try to revive the economies
As more and more countries adopt emergency economic revival programs oil sees some demand building up. Traders bet on oil and it has consequences. Norwegian Brent has gone…
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IATA pathetic “Takeoff” plan makes face masks mandatory
There is growing evidence and fairly grounded opinion that COVID-19 response was an overreaction. Of course it will never be formally acknowledged so the cover-up for getting economy…
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Primark to open stores this months
As country emerges from the quarantine Primark announced that it will open its stores in Britain this month. Parent company Associated British Foods (ABF) wants to be able…
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