Tag Archives: Business

Grocers must fix broken online model, report says

A shopper for Instacart studies her smart phone as she shops for a customer at Whole Foods in Denver. Cyrus McCrimmon | Denver Post | Getty Images For some American shoppers and grocers, it took a pandemic to push them online. As the coronavirus spread in the spring, some customers downloaded …

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Moscow to reopen schools and colleges next week; Hong Kong grapples with new cluster

Stocks open higher as jobless claims better than expected Stocks opened slightly higher after data showed a larger-than-expected fall in weekly jobless claims. The S&P 500 gained 0.2% while the Dow Jones Industrial Average traded just above the flatline. The Nasdaq Composite outperformed, rising 0.7% to a fresh record high. —Melodie …

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This could be the end of office wear

The new work-from-home reality has rapidly recalibrated the fashion code for professional wear, and that spells trouble for the retailers who sell formal office clothing. On Wednesday, Brooks Brothers, the 202-year-old menswear retailer that has dressed 40 US presidents and is synonymous with the classic Wall Street banker look, filed …

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United braces 36,000 employees for job cuts as pandemic roils travel demand

A row of United Airlines passenger planes parked at gates at Denver International Airport in Denver, Colorado. Robert Alexander | Getty Images United Airlines on Wednesday said it is warning about 36,000 front-line employees — more than a third of its staff — about potential furloughs as the coronavirus pandemic continues …

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Rishi Sunak unveils $38 billion coronavirus package to revive UK economy

Speaking in parliament on Wednesday, Sunak said that significant job losses are the most “urgent challenge” the UK economy faces, as he announced a package of tax breaks, restaurant discounts and jobs programs designed to bolster employment as the government prepares to withdraw wage subsidies in October. The coronavirus pandemic …

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U.S. reports more than 60,000 new cases; Africa tops 500,000 total cases

Total number of confirmed cases in Africa now over 500,000 The continent of Africa has recorded more than 500,000 coronavirus cases, according to data compiled by Africa Centers for Disease Control and Prevention, with nearly 12,000 related deaths. Across the continent of approximately 1.2 billion people, South Africa has recorded …

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Delta, United and other airlines strike deal for federal coronavirus loans

A Delta Airlines aircraft flies into San Diego International Airport (SAN) in San Diego, California, U.S., on Monday, April 27, 2020. Bing Guan | Bloomberg | Getty Images Five more airlines have reached agreements with the Treasury Department for the terms of billions in federal loans to help them weather …

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Airline bookings start to tumble again as coronavirus cases spike

Near-term bookings at United’s hub in Newark were only 16% of 2019 bookings through July 1. Just a few weeks earlier, United’s bookings were down “only” 33% from a year earlier. Although United would not release the details of the briefing being given to its employees this week, it confirmed …

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UK jobless rate ‘could near 15% in second coronavirus wave’ | Business

The number of unemployed people in Britain could soar to almost 15% of the working population if the country experiences a second wave of the coronavirus pandemic, the Organisation for Economic Cooperation and Development (OECD) has said. A rise in the unemployment rate to 14.8% would take the UK to …

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