The Office of National Statistics said there had been a record fall in the number of job vacancies and as much as 600, 000 workers on UK payrolls lost between March and May, after six weeks of lockdown in the UK. Over nine million workers have been furloughed. “The slowdown in the economy is now…
A US Air Force Pilot is missing after the F-15C Eagle, from the 48th Fighter Wing at RAF Lakenheath in Suffolk, crashed into the North Sea, shortly after 09:40BST while on a training mission. The cause of the crash is currently not known but the US Air Force confirmed only one pilot was on board.…
For the first time China by-passes Hong Kong’s parliament to pass laws that hold criminal penalties, after Beijing declared it would implement national security laws in Hong Kong with legislation enacted early this month. Hong Kong burned with anti-government protests sparked by a government proposal to introduce a controversial extradition law, which grew into…
In Martin Sandbu’s The Economic of Belonging, a innovative and pervasive new approach to economic policy that addresses the symptoms and causes of inequality in Western society fuelled by populism and the frustrations of the disenfranchised, make a case to win back the left behind -those abandoned as economic jetsam by the rising tide of…
The UK economy The UK economy is likely to slump by 11.5 per cent in 2020, outstripping falls in Germany, Spain, Italy, and France, according to OECD who found that the UK’s largely service-based economy had been badly hit by the government’s lockdown restrictions. The service sector, which includes financial services, hospitality, and tourism…
A fortnight quarantine period for anyone arriving in UK will be enforced from Monday 8thJune. Over 200 travel companies have requested the new rules to be scrapped including some MPs who voiced concerns. But Home Secretary Priti Patel said the move would protect public health now that imported coronavirus cases pose a more significant threat. Passengers arriving…
The last Kings of Shanghai is the multigenerational epic story of two rival dynasties who flourished in Shanghai and Hong Kong and their families who helped to shape modern China and the central role of businesspeople at a time when twentieth-century China was still emerging from political self-isolation. In Shanghai,1936, the Cathay Hotel located on…
Adelie Foods Britain’s largest sandwich makers went into administration last week with the loss of over 2, 000 jobs with sites at Milton Keynes, Prologis Park near Heathrow, Wembley, Tamworth in Staffordshire, Haydock in Merseytside, Kilmarnock in Scotland, Cardiff in Wales and headquarters in Southall in West London. Deloitte announced that attempts to rescue…
Astronauts on historic mission as Dragon capsule enter space station: SpaceX NASA Mission US astronauts Doug Hurley and Bob Behnken have docked with and entered the International Space Station (ISS). Their Dragon capsule supplied and operated by the private SpaceX company attended to the bow section of the orbiting lab 422km above China. The pair…
Chancellor Rishi Sunak says employers must start sharing the cost of the Furlough Scheme from August 2020 and will finish at the end of October 2020. From August, employers must pay National Insurance and pension contributions then 10 per cent of pay from September, rising to 20 per cent in October. Workers will be allowed…