A March jobs report by Business Insider has shown that the initial impact of the coronavirus epidemic is far worse than economists expected, pointing to another blow to the recent US economy. The American economy lost 701,000 jobs in March, according to a Labor Department report on Friday. That would be a lot more seriousContinueContinue reading “The economic outbreak caused by the coronavirus started earlier than expected.”
Tag Archives: Business
Google suspends Huawei from Android service.
Chinese tech giant forced to use basic version of operating system after US group joins trade war. Following the US crackdown on Chinese technology companies, Google has cut off Huawei’s Android license, dealing a huge blow to the besieged phone-maker. The world’s second-largest smartphone maker is facing the prospect of being shut out of theContinueContinue reading “Google suspends Huawei from Android service.”
Businesses lose almost £93m to invoice scams
Businesses lost a total of £92.7 million in 2018 to scammers posing as their suppliers, according to a report from UK Finance. Invoice scams are a type of fraud in which criminals trick businesses into transferring money by posing as legitimate payees, such as a regular supplier. Last year, businesses were involved in 3,280 suchContinueContinue reading “Businesses lose almost £93m to invoice scams”
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