Economy - Finance > London

It's lockdown No. 3 for England, at least six weeks at home

1 month ago   |   By Stl Today

LONDON - England is entering a third national lockdown that will last at least six weeks, as authorities struggle to stem a surge in COVID-19 infections that threatens to overwhelm hospitals around the U.K.
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Britain provides £4.6 billion to help struggling businesses survive through renewed Covid-19 lockdown

Britain provides £4.6 billion to help struggling businesses survive through renewed Covid-19 lockdown

1 month ago   |   By RT

The UK Finance Ministry has announced a new aid package worth £4.6 billion to support firms hit by a renewed Covid-19 lockdown that is likely to last until March.
Retail, hospitality and leisure companies will get new one-off grants worth up to £9,000 to avoid going broke during the first months of 2021, according to the country's finance minister Rishi Sunak.
“This will help businesses to get through the months ahead - and crucially it will help sustain jobs, so workers can be ready to return when they are able to reopen,” Sunak said .
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New York just debuted a $1.6 billion train hall to upgrade its notorious Penn Station, complete with skylight ceilings and a premium lounge - see inside

New York just debuted a $1.6 billion train hall to upgrade its notorious Penn Station, complete with skylight ceilings and a premium lounge - see inside

1 month ago   |   By Business Insider

New York City's new Moynihan Train Hall.
Thomas Pallini/Business Insider
Moynihan Train Hall at New York's Pennsylvania Station opened to the public on New Year's Day, after three years of construction and a total cost of $1.6 billion.
Amtrak is the primary tenant with its own waiting rooms and a new premium lounge for first class and frequent riders.
Long Island Rail Road commuters also able to use the facility, but NJ Transit will continue use the old station.
Visit Business Insider's homepage for more stories .
Just hours after the ball dropped in Times Square to mark the arrival of a...
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U.K. Announces $6.2 Billion Support Package For Hard-Hit Businesses Amid New Coronavirus Lockdown

1 month ago   |   By Forbes

Retail, leisure and hospitality firms will be able to apply for grants of up to $12,000 after millions of Brits awoke to fresh restrictions on Wednesday morning.
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COVID-19 vaccine makers are scrambling to fill 5,000 vacancies as more countries approve the shots. One is even offering $3,000 sign-on bonuses for night-shift workers

COVID-19 vaccine makers are scrambling to fill 5,000 vacancies as more countries approve the shots. One is even offering $3,000 sign-on bonuses for night-shift workers

1 month ago   |   By Business Insider

Summary List Placement Millions of people across the West have already been given the first dose of a COVID-19 vaccine and up to to 6 billion more doses could be manufactured in 2021, according to industry tracker PharmSource - provided the companies mass-producing shots can find enough employees.
Companies manufacturing COVID-19 vaccines are struggling to find enough staff to meet their output goals and have thousands of vacancies to fill, an investigation by the Wall Street Journal published Monday found. One company is even offering $3,000 sign-on bonuses for manufacturing staff willing...
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England faces lockdown that will last at least six weeks

1 month ago   |   By Chron

LONDON - England is facing a third national lockdown that will last at least six weeks, as authorities struggle to stem a surge in COVID-19 infections that threatens to overwhelm hospitals around the U.K.
Prime Minister Boris Johnson on Monday announced a tough new stay-at-home order for England that won't be reviewed until at least mid-February to combat a fast-spreading variant of the coronavirus. It takes effect at midnight Tuesday. Scottish leader Nicola Sturgeon imposed a lockdown that began Tuesday.
Johnson and Sturgeon said the lockdowns were needed to protect the National Health...
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UK government unveils £4.6 billion in new lockdown stimulus for businesses hard-hit by COVID-19

UK government unveils £4.6 billion in new lockdown stimulus for businesses hard-hit by COVID-19

1 month ago   |   By Business Insider

Summary List Placement The British government on Tuesday announced a new financial aid package worth almost £5 billion for businesses most affected by the most recent lockdown aimed at curbing the spread of an aggressive new variant of the COVID-19 virus.
The UK has entered another national lockdown, including school closures, in light of the emergence of a new strain of COVID-19 that has prompted record rates of infection and a spike in fatalities that Conservative Prime Minister Boris Johnson said on Monday night risked overwhelming the health service.
The Treasury said it would pay...
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UK government unveils £4.6 billion in new lockdown stimulus for businesses hard-hit by COVID-19

1 month ago   |   By Business Insider

A view of a deserted road opposite the Royal Opera House in Covent Garden in London, England, on December 19, 2020.
Keith Mayhew/SOPA Images/LightRocket via Getty Images
British government announced around $6 billion in stimulus to help businesses weather the new lockdown aimed at curbing the spread of the variant strain of COVID-19.
Retail, hospitality and leisure companies will get one-off grants worth up to $12,200, in addition to an extended furlough scheme.
"Today we're announcing a further cash injection to support businesses and jobs until the spring," Chancellor Rishi Sunak said in...
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