Daily Archives: September 22, 2020

China has the upper hand in corporate proxy wars with US

When I was growing up in Ronald Reagan’s America, the small proxy wars that the US fought with the Soviet Union were a regular feature of the copies of the Boston Globe I delivered every morning. There would be tragic news out of Afghanistan on the front page one day, …

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Small firms in legal threat over Yell hard-sell tactics

The firm behind the Yellow Pages could be hit with legal action over claims it sold services to small businesses using ‘false claims and high-pressure sales techniques’. Yell is accused of pressurising companies and sole traders into buying services they did not need and trapping them in expensive contracts they …

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Bailout bill tops £100bn but struggling firms beg for more

Businesses are demanding more taxpayer cash to help them survive new lockdown restrictions, as the Treasury revealed the bill for propping up struggling firms has topped £100billion so far. Six trade associations have written to Chancellor Rishi Sunak urging him to extend the emergency loan schemes due to end this …

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Baroness Catherine Ashton joins board of Passport maker De La Rue  

 Baroness Catherine Ashton has joined the board of Passport and banknote maker De La Rue Passport and banknote maker De La Rue has added former EU trade representative Baroness Catherine Ashton to its board as it steps up efforts to fix the business. Ashton was the European Commissioner for Trade between …

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MARKET REPORT: Staycation boom fails to save jobs at Whitbread

Shares in Whitbread slammed into reverse as the staycation boom and Eat Out to Help Out scheme failed to stop a slump in bookings during the pandemic. Its chief executive Alison Brittain plans to lay off up to 6,000 staff from its 35,000-strong workforce as it battles to survive the …

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Airlines plead for Covid tests at airports to save industry 

Airlines have pleaded for Covid-19 tests to be rolled out at airports so that the industry can begin to recover. The International Air Transport Association (IATA) said pre-departure tests for all passengers would be the only way to replace the uncertain and fast-changing quarantine systems that have put people off …

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