Image copyright Zoom Popular videoconferencing app Zoom has seen its revenues skyrocket as second quarter profits more than doubled due to the coronavirus crisis. Revenues leaped 355% to $663.5m (£496.3m) for the three months ending 31 July, beating analysts’ expectations of $500.5m. Profits soared to $186m, while customer growth rose 458%, compared to the same period in 2019. Video conferencing… Read more →
Image copyright HM Treasury Image caption There is anecdotal evidence that ‘eat out to help out’ is helping High Street footfall. The latest economic output figures show we are in a recession like no other – a consequence of having to shut the economy down, resulting in an unprecedented hit. The hope is that it proves to be short-lived, indeed… Read more →
Image copyright Andrew Adams Image caption Andrew Adams is applying for five jobs a week in Liverpool More than one in every six young people are now claiming out-of-work benefits in some parts of the UK, BBC analysis of official figures suggests. The number of people aged 18-24 claiming Universal Credit or Jobseeker’s Allowance doubled in the UK in the… Read more →
Image copyright PA Media The government is pledging to double the number of frontline staff at job centres in the wake of the Covid-19 crisis. Chancellor Rishi Sunak is expected to pledge £800m to recruit 13,500 extra staff as part of an economic recovery package announced on Wednesday. The Treasury says 4,500 of them will be in position by October,… Read more →
Image copyright Getty Images Image caption Coronavirus will have a “huge impact” on jobs in Wales, said Mr Skates Everyone aged over 16 in Wales will be offered help to find work, self-employment, education or training, a minister has said. Figures show the numbers claiming benefits in Wales have doubled compared with this time last year. There were 118,600 claimants… Read more →
Image copyright Getty Images The number of people claiming universal credit in Northern Ireland has almost doubled in two months. On 1 March, 70,000 people were claiming the payment, but by 26 April, that figure had risen to 126,000. When non-essential businesses closed in mid-March, applications rose ten-fold, said NI’s Department for Communities. Millions of people across the UK have… Read more →