Half of Facebook employees could work remotely by 2030, says Zuckerberg May 21, 2020 Half of Facebook’s workforce could be working remotely in the next five to 10 years, chief executive Mark Zuckerberg has said. The social media boss today said his company would embrace a more permanent work from home policy even after the coronavirus crisis ends. In an internal townhall live streamed on Facebook, Zuckerberg said the [...]
Lloyds hit by investor backlash over executive pay package May 21, 2020 Lloyds was left reeling from a shareholder revolt today after more than a third of investors voted against the bank’s pay policy for top executives. The investor backlash came after influential proxy adviser group ISS recommended voting against the changes to the policy amid concerns it will all but guarantee long-term bonuses. While the rebellion [...]
Manchester United revenue drops almost £30m due to Covid-19 May 21, 2020 Manchester United today said its revenue fell by almost £30m in the third quarter after the football season was brought to a halt due to the Covid-19 pandemic. The New York-listed football club reported total revenue of £123.7m in the three months to the end of March, down from £152.1m in the same period last [...]
Newspaper circulation figures to be kept private as sales crash due to Covid-19 May 21, 2020 UK publishers will no longer have to make their circulation figures public as the Covid-19 crisis continues to decimate newspaper sales and distribution. The Audit Bureau of Circulation (ABC), which publishes the official data, today said it will no longer publish its public monthly report, though the figures will still be available to advertisers. The [...]
China poised to tighten grip on Hong Kong with new national security laws May 21, 2020 China is reportedly set to propose draconian new national security laws for Hong Kong in a move that would tighten Beijing’s grip on the region. The laws would ban secession, foreign interference, terrorism and all seditious activities aimed at toppling the central government, the South China Morning Post reported. The legislation, which could be introduced [...]
Mark Zuckerberg: Facebook is in fake news ‘arms race’ against rival states May 21, 2020 Mark Zuckerberg has said that Facebook is in an “arms race” to prevent misinformation from state actors as he defended his company’s crackdown on fake news about the Covid-19 crisis. The social media boss said his firm was battling to prevent interference from countries such as Russia, Iran and China, and admitted it was “behind” [...]
Amazon UK boss tipped as candidate for BBC director general role May 21, 2020 Amazon’s UK chief is said to be one of the frontrunners to take over as director general of the BBC amid concerns the job hunt could be pushed back due to Covid-19. Douglas Gurr, who has led the tech giant’s operations in the UK and Ireland since 2016, is one of four candidates on the [...]
Revealed: The most applied-for jobs during the Covid-19 crisis May 21, 2020 Delivery drivers and warehouse workers are among the roles that have received the highest number of job applications during the Covid-19 crisis, a new report has revealed. Data published today by Linkedin showed that critical frontline jobs have been inundated with applications as companies respond to shifting demand during the lockdown. Delivery drivers were the [...]
Global coronavirus cases rise by largest ever daily amount May 20, 2020 The number of new coronavirus cases reported worldwide rose by the largest ever daily amount over the last 24 hours, according to new figures from the World Health Organization (WHO). A total of 106,000 new cases were reported — the highest since the pandemic began. Roughly two-thirds of these came from just four countries. “We [...]
Government seizes £150m from dormant bank accounts for Covid-19 response May 20, 2020 The government is raiding dormant bank and building society accounts across the UK to help fund its response to the coronavirus crisis. Roughly £150m will be seized to help charities, social enterprises and vulnerable individuals during the pandemic, culture secretary Oliver Dowden said today. This includes £71m that will be sourced through the government’s dormant [...]
