Sky Business News Articles

The owner of UK car dealership brands Evans Halshaw and Stratstone has announced plans to cut 1,800 jobs.

Workers on furlough who lose their jobs will get redundancy pay based on their normal wage, under new laws in force from today.

New laws are to guarantee that furloughed workers who lose their jobs will receive redundancy payouts based on their full salaries.

Lloyds Banking Group has plunged into the red after it booked a £3.8bn provision for bad loans arising from the coronavirus crisis.

Preliminary figures show the US has been tipped into its sharpest recession on record as the coronavirus crisis takes an unprecedented toll on the world's largest economy.

A major public sector recruitment campaign is being promised by the prime minister for the fight against coronavirus and beyond.

Leaders of Amazon, Facebook, Google and Apple have appeared in front of a House committee in the US to defend themselves against claims they have too much power.

Car production in the UK has fallen to its lowest level since the 1950s as a consequence of coronavirus, triggering many thousands of redundancies as the industry prepares for the "double-whammy" of a potential no-deal Brexit that would compound record losses this year.

Boeing has said it delay ramping up the production of its grounded 737 MAX planes after reporting a worse than expected second quarter loss.

Two weeks ago, America's largest banks gave an idea of how they are expecting to be hit by the pandemic, announcing a thumping $38bn worth of loan loss provisions.