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The 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 […]

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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 […]

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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 […]

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‘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 […]

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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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The excluded remain so, but the fight for Forgotten Ltd remains

Many people have tuned in to see money expert Martin Lewis campaign for the people excluded from Government help and assistance during the Covid-19 crisis. Are you seeing #excluded everywhere and want to understand the issue or lend a hand to the cause? Here’s the low down on it directly from Forgotten Ltd. Founded […]

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Fears grow for 5,000 UK steel jobs as lender collapses

The principal financial backer of one of the UK’s largest industrial groups has fallen into administration. Specialist bank Greensill Capital was the main lender to businessman Sanjeev Gupta’s sprawling empire, which includes Liberty Steel. The appointment of administrators to Greensill puts 5,000 jobs at risk at Liberty Steel and other firms. In a court […]

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Automate your Workforce Classification with Freelance Management Platforms

The United States is undergoing a rapid change in the nature of its workforce, a change that has been driven by the COVID-19 pandemic. There has been a rise in remote working and freelancing—since 2019, 2 million adults in the US became freelancers. This is part of the reason why it’s important to automate […]

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Bank governor says UK economy will never return to pre-Covid pattern

The UK can see light at the end of the Covid-19 tunnel but the economy will never fully return to its pre-pandemic pattern, the governor of the Bank of England has said. Speaking at an event organised by the Resolution Foundation thinktank, Andrew Bailey said the shifts in spending and working patterns seen since […]

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U.S. House passes ‘George Floyd’ police reform bill, Senate prospects unclear

By Makini Brice and Richard Cowan WASHINGTON – The U.S. House of Representatives passed a bill on Wednesday banning controversial police tactics and easing the way for lawsuits against officers violating suspects’ constitutional rights, although the measure’s Senate prospects were uncertain. Democrats pushed the “George Floyd Justice in Policing Act” through the House […]