Cruise firm CMV seeks rescue deal or risks going under June 17, 2020 Cruise firm Cruise and Maritime Voyages (CMV) is in a race against time to secure emergency funding after the coronavirus crisis left it struggling to remain afloat. Sky News reported that Essex-based CMV, which employs 4,000 people, is in last-ditch negotiations with creditors and lenders after another rescue deal fell through. The previous talks were [...]
Huawei to delay smartphone production as US measures threaten bottleneck June 17, 2020 Huawei is said to have told some of its suppliers to halt production on its newest line of smartphones, as tough US sanctions threaten disruption. Huawei has asked suppliers for some components of its upcoming Mate line of smartphones to delay production as it assesses the impact of tightening US export controls, sources told the [...]
New boss for Hugo Boss as fashion house drafts in former Tommy Hilfiger CEO June 17, 2020 Hugo Boss has announced that former Tommy Hilfiger chief Daniel Grieder will be its new chief executive. Grieder, 58, will take up the post in June next year, after a decades-long career at Tommy Hilfiger. It comes after outgoing CEO Mark Langer announced that he was stepping down in March. Langer will leave post at [...]
German virus tracing app hits 6.5m downloads as Norway and Russia experience technical glitches June 17, 2020 Germany’s app to help trace coronavirus infections has been downloaded 6.5m times within the first 24 hours since its launch. Chief executive of software giant SAP Christian Klein today said he viewed the promising figures as a sign of a job well done, following a collaborative effort between SAP and Deutsche Telekom to develop the [...]
French President Emmanuel Macron to get Red Arrows flypast on UK visit June 17, 2020 Emmanuel Macron, the French President, will be welcomed to London tomorrow with a flypast of the Red Arrows. Macron visits the UK tomorrow, marking 80 years since Second World War French resistance leader Charles de Gaulle made a historic broadcast to occupied France from British shores. The Red Arrows, the RAF’s iconic aerobatics unit, will [...]
Sadiq Khan takes coronavirus pay cut as City Hall faces £500m black hole June 17, 2020 Sadiq Khan will take a 10 per cent pay cut as he warns that City Hall will have to make cuts to public services without central government help. The mayor of London said he would slash his £152,734 salary by almost £15,300, while warning that the Greater London Authority faces a £493m budget black hole [...]
Welcome to the blended office June 17, 2020 Since the scribes of ancient kings worked together under a sunshade, we have had offices. Offices survived the Black Death, the Red Death, Spanish Flu, and Ricky Gervais. Offices aren’t about to disappear — but they may now be changing more than ever before. We should be ready for change, but do not be surprised [...]
Tiktok owner Bytedance sees revenue surge to £4.4bn, according to sources June 17, 2020 Bytedance, the Chinese company behind social media platform Tiktok, has seen a surge in first-quarter revenue to 40bn yuan (£4.4bn), according to two people familiar with the matter. The revenue boost marks a 130 per cent year-on-year increase, according to Reuters, citing two sources with knowledge on the matter who declined to be identified. Bytedance [...]
Brexit: Germany says UK-EU trade talks will enter ‘hot phase’ in September June 17, 2020 The German government is expecting post-Brexit UK-EU trade talks to enter a “hot phase” in September, despite British negotiators claiming they want a deal wrapped up before autumn. Prime Minister Boris Johnson said on Monday that talks needed “a bit of oomph” and that a deal in July was the aim for UK negotiators. However, [...]
Berkeley Group profits fall by a third after coronavirus lockdown June 17, 2020 Berkeley Group, the housebuilder, has pushed back a £455m payout to shareholders by two years because of the coronavirus pandemic. The FTSE 100 company saw sales fall dramatically over April and May, pushing its full-year profit and revenue down more than one-third each. However, shares in the company rose 3.6 per cent this morning as [...]