Railway bailout has cost £3.5bn so far, government reveals

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Railway bailout has cost £3.5bn so far, government reveals

The UK government has thus far spent £3.5bn keeping its railways running during the coronavirus pandemic, it has been revealed. Responding to a parliamentary written question, rail minister Chris Heaton-Harris said: ‘Since the outbreak of Covid-19 the …
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Reliance says Saudi's PIF to invest $1.49 billion in Jio

NEW DELHI (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) will buy a 2.32% stake in Reliance Industries’ (RELI.NS) digital unit Jio Platforms for 113.67 billion rupees ($1.49 billion), the Indian conglomerate said on Thursday. FILE PHOTO: A woman …
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Dow Falls 200 Points After Worse Than Expected Jobless Claims

The market opened lower on Thursday, with stocks taking a hit from worse-than-expected weekly jobs data and fears over a resurgence in coronavirus cases across the U.S.. New York City Slowly Re-Opens As Markets Gain Optimism. Another 1.5 million …
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Stocks extend losses as another 1.5M Americans file for unemployment

Stocks slid Thursday as fresh worries over coronavirus outbreaks in the U.S. and another wave of layoffs tempered hopes for a fast economic recovery from the pandemic. The Dow Jones industrial average slid 250 points. The Standard & Poor’s 500 fell 0.6%, …
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AllSaints asks landlords for rent cut to avoid going bust

AllSaints is asking its landlords to slash the rent bill on its 41 UK stores as the upmarket fashion brand tries to avoid going into administration. The retailer has embarked on an insolvency process known as a company voluntary arrangement (CVA) to force its …
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