WEATHER ALERT
WeWork warns there's 'substantial doubt' about its ability to stay in business
Read full article: WeWork warns there's 'substantial doubt' about its ability to stay in businessWeWork is warning thereās āsubstantial doubtā about its ability to stay in business over the next year because of its financial losses and its need for cash, among other factors.
UK labor market 'resilient' despite end of salary program
Read full article: UK labor market 'resilient' despite end of salary programAnalysts say the Bank of England is one step closer to raising interest rates next month after official figures showed that the end of the British governmentās salary support program for workers during the coronavirus pandemic has not yet led to the feared increase in unemployment.
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UK economy edges to pre-pandemic levels as lockdown eased
Read full article: UK economy edges to pre-pandemic levels as lockdown easedThe easing of lockdown restrictions in April helped the British economy grow at its fastest rate since July 2020 and recoup further ground lost during the coronavirus pandemic.
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We need to plan: UK travel urges clarity from government
Read full article: We need to plan: UK travel urges clarity from governmentLeaders from Britainās aviation industry have joined forces to urge the British government to ensure that popular European destinations face the least onerous coronavirus travel restrictions when holidays are permitted again.
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UK hits vaccine target; Johnson warns of more virus deaths
Read full article: UK hits vaccine target; Johnson warns of more virus deathsBritain has begun offering coronavirus vaccinations to anyone over 45 after hitting its target of giving at least one dose to everyone over 50 by the middle of April.
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UK economy grows 0.4% amid confidence from vaccine rollout
Read full article: UK economy grows 0.4% amid confidence from vaccine rolloutThe U.K. economy grew 0.4% in February, rebounding from a sharp drop the previous month, as the rapid rollout of COVID-19 vaccines boosted confidence in a recovery from the pandemic.
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WeWork stock offer comes amid doubtful need for office space
Read full article: WeWork stock offer comes amid doubtful need for office spaceāYouāre going to find they can accommodate most pop-up meetings inside their office, so they donāt have to go to WeWork,ā said Patrick Dore, a former Notre Dame real estate law professor who has handled office space deals in Manhattan. AdWeWork leases buildings and divides them into office spaces to sublet to members, which include small businesses, start-ups and freelancers who want to avoid paying for permanent office space. AdOakley said that while leasing volumes are still low, inquiries for serviced office space have been rising since the start of the year. He said the WeWork IPO is coming too soon because most large office users are still sorting out what they want to do with workers and office space. MIT's Cusumano said the model could make money if companies give up a lot of office space, then lease from WeWork for mobile offices or meetings.
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It's not a target: UK rows back on Christmas easing advice
Read full article: It's not a target: UK rows back on Christmas easing adviceA man wears a face mask as she skates past a closed pub in Soho, in London, Wednesday, Dec. 16, 2020. That's the new Christmas message that leaders of the U.K.'s four nations were spreading Wednesday, after toughening up their advice over what people should do during the holiday period. Last month, England, Scotland, Wales and Northern Ireland agreed to permit a maximum of three households to mix between Dec. 23 and Dec. 27, regardless of what local restrictions are in place. He said anyone planning to meet others during the easing should start limiting contacts from this Friday, for example. The confusion surrounding the scheduled easing has been exacerbated by the fact that many parts of the country have seen restrictions tightened this week.
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UK bolsters salary support for those hit by local lockdowns
Read full article: UK bolsters salary support for those hit by local lockdownsāI have always said that we will do whatever is necessary to protect jobs and livelihoods as the situation evolves,ā Sunak said. With infections rising, the pressure on Prime Minister Boris Johnson to impose further local restrictions has grown. Sunak also said cash grants for businesses required to close will also be increased to up to 3,000 pounds per month. With infections rising and restrictions returning, the British economy is widely expected to slow over the winter. Despite four months of growth following a dramatic near-quarter contraction, the economy remains 9.2% smaller than it was before the pandemic.
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UK's Johnson urges 'spirit of togetherness' to combat virus
Read full article: UK's Johnson urges 'spirit of togetherness' to combat virusBritain's Prime Minister, Boris Johnson, has announced that pubs and restaurants closing at 10pm, due to the spike of cases of coronavirus across the United Kingdom. The most high-profile change centered on pubs, restaurants and other entertainment venues in England, which from Thursday must close at 10 p.m. In a change of emphasis, Johnson urged people to work from home where possible. āIf we follow these simple rules together, we will get through this winter together,ā Johnson said in a prime-time televised address. āIn essence, the government is saying, āStay sober, stay sensible and the venues can stay open.ā Itās a carrot to encourage responsible behavior,ā she said.
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5 Things to Know for Today
Read full article: 5 Things to Know for TodayA Statue of Liberty painting is seen through a smashed Dolce and Gabbana store window, Monday, June 1, 2020, in the SoHo neighbourhood of New York. Protesters broke into the store Sunday night in reaction to George Floyd's death while in police custody on May 25 in Minneapolis. (AP Photo/Mark Lennihan)Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:1. PROTESTERS Hours after the U.S. president vowed to send out the military and ādominate the streets,ā American cities were engulfed in more violence and destruction that overshadowed peaceful protests. HOW CABLE NEWS HAS COVERED PROTESTS CNN and MSNBC have concentrated on peaceful protests in the wake of George Floydās death at the hands of police, whereas Fox News has focused mostly on violence and property destruction.