Technology & Business
Japan will not join U.S. plan to bar China from telecoms networks: Yomiuri
Stock Markets1 hour ago (Oct 16, 2020 12:40AM ET) (C) Reuters. TOKYO (Reuters) – Japan has told the United States that Tokyo will not, at the moment, join Washington’s plan to exclude Chinese firms from telecommunications networks, the Yomiuri newspaper said on Friday, citing several sources. Japan will take its own steps to respond in […]
World News
Record levels of smaller businesses sought external financial support in 2020
Published today, the British Business Bank’s Small Business Finance Markets 2020/21 report highlights a surge in applications for external financial support, including government and local grants, among SMEs. Almost half of all SMEs surveyed saying they applied for external financial support in 2020, compared to 13% in 2019. At the same time, gross bank […]
M&S to close floors at largest London store to create office for hybrid workers
Marks & Spencer has unveiled plans to downsize its Marble Arch shop and convert upper floors to offices. The high street retailer has launched a consultation on its plans to redevelop the shop in central London. Lower floors will continue trading as M&S, with in-store digital shopping technology to promote products from M&S.com. A […]
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Most Undervalued Stocks In 2021. Who’s The Top-dog?
Amidst the uncertainty, setbacks in the worldwide rollout of coronavirus vaccines, the progressing economic crisis caused by the pandemic, and a new administration in the US, there's a mine of confusion on the stock markets.Nevertheless, in the last six months, the S&P 500 has grown extensively, and 2021 is expected to bring some juicy returns. If capital gains are what you're up to in your next investment, consider buying some of the most undervalued stocks (trading at a market price below what they are worth). While there's no guarantee that the market will soar, we created a list of the mostThe story of Tesla’s founding. What does this have to do with Elon Musk?
The electric car company Tesla will celebrate its 16th birthday on 1 July 2019. Its capitalisation has already reached the $50bn mark, but Tesla has never ended the year with a net profit, with a loss of more than $970m last 2018 alone. Nevertheless, Tesla is a brand that has proved to the world that electric cars are not just for the golf course, and gasoline engines have long been reserved for the museum shelf. About the grand substitution of Ilon Musk, Silicon Valley developers and scandalous tweets - in the Real Time article. At the beginning of the 20th century,
Record levels of smaller businesses sought external financial support in 2020
Published today, the British Business Bank’s Small Business Finance Markets 2020/21 report highlights a surge in applications for external financial support, including government and local grants, among SMEs. Almost half of all SMEs surveyed saying they applied for external financial support in 2020, compared to 13% in 2019. At the same time, gross bank lending (excluding overdrafts) to smaller businesses rose to £104bn in 2020, 82% higher than in 2019, driven by use of the government loan schemes. The report suggests there could be significant further demand for funding throughout 2021 as businesses seek to move on from the pandemic and pivot
Regus owner IWG posts £620m loss but expects Covid-19 rebound
IWG, the world’s biggest flexible workspace provider, has reported an annual loss of more than £620m but expects a big jump in demand once the Covid-19 pandemic subsides as hybrid working – from home and offices – becomes the norm. Mark Dixon, the IWG chief executive, said: “We anticipate a massive surge in growth when we eventually emerge from the unprecedented downturn that the Covid-19 pandemic has created.” The company reported a pretax loss of £620.1m for 2020, compared with a profit of £118.5m the previous year. Revenues fell 5.3% to £2.5bn, and IWG incurred a charge of £379.5m resulting from pandemic-related‘Right to repair’ law to come in this summer
Appliances such as fridges, washing machines and TVs should last longer and be cheaper to run under new rules. Ministers have confirmed that from the summer consumers will have a right to repair on goods they buy. They are keeping a promise to implement EU rules aimed at cutting energy and bills – and reducing the need for new materials. Many consumers have complained that goods don’t last long enough, then can’t be fixed in the home. Manufacturers will be legally obliged to make spare parts for products available to consumers for the first time – a new legal right for repairs. The aim of
M&S to close floors at largest London store to create office for hybrid workers
Marks & Spencer has unveiled plans to downsize its Marble Arch shop and convert upper floors to offices. The high street retailer has launched a consultation on its plans to redevelop the shop in central London. Lower floors will continue trading as M&S, with in-store digital shopping technology to promote products from M&S.com. A development partner will convert the upper floors into high-quality office space, which M&S believes will attract demand from tenants despite companies such as HSBC, KPMG, Standard Chartered and Lloyds announcing plans to cut office space as they shift to permanent hybrid working models, where staff spend someFashion Trends
Japan will not join U.S. plan to bar China from telecoms networks: Yomiuri
Stock Markets1 hour ago (Oct 16, 2020 12:40AM ET) (C) Reuters. TOKYO (Reuters) – Japan has told the United States that Tokyo will not, at the moment, join Washington’s plan to exclude Chinese firms from telecommunications networks, the Yomiuri newspaper said on Friday, citing several sources. Japan will take its own steps to respond in […]
Former Takata plant shipped 9 million seat belts in Japan with inaccurate data: Nikkei
Stock Markets2 hours ago (Oct 16, 2020 12:15AM ET) (C) Reuters. TOKYO (Reuters) – A former unit of bankrupt airbag maker Takata Corp shipped 9 million seat belts to car companies in Japan with inaccurate test data that could result in around 2 million safety recalls, the Nikkei newspaper reported on Friday. This week, U.S. […]