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Nearly a million businesses in the UK and around the world can now set up a single online store to sell products, with no fee, on Facebook and Instagram. The initial stage of the Facebook Shops rollout has been brought forward and extended because of Covid-19. The stores will appear on business pages, Instagram profiles […]

Saudi Arabia is tripling its value added tax (VAT) as part of austerity measures to support its coronavirus-hit economy. The government in Riyadh also said it will suspend its cost of living allowance to shore up state finances. The oil-rich nation has seen its income plummet as the impact of the pandemic has forced down […]

The mobile-first streaming service Quibi launched in the US on Monday, despite concerns the coronavirus outbreak might impact its viewership. The company has raised $1.8bn (£1.47bn) for the project intended to rival Netflix and YouTube. Quibi’s shows are 10 minutes or shorter and movies are broken into segments. It has lined up a host of […]

The trading floor of the New York Stock Exchange (NYSE) is set to shut in the latest coronavirus-related closure. The Intercontinental Exchange, which operates the NYSE, said all buying and selling of shares will happen electronically from 23 March. Much of the trading is already electronic. It comes after some staff had tested positive for […]

Amazon has said it will hire 100,000 warehouse and delivery workers in the US to deal with a surge in sales during the coronavirus pandemic. The online retail giant also said it would increase pay for its staff in the UK, US and Europe. The company’s delivery systems have come under pressure as consumers avoid […]

PSA Group, the French owner of Peugeot, is exploring a merger with its US-Italian rival Fiat Chrysler, it has confirmed. A deal between the two carmakers would create a business with a combined market value of nearly $50bn (£39.9bn). This is Fiat Chrysler’s second attempt at a merger this year after it pulled out of […]

October 1, 2019

The best-selling sports video game franchise of all time once again got an annual reboot. Electronics Arts launched on Friday “FIFA 20,” the latest version of the video game phenomenon. The new game, named after soccer’s international governing body, touts a refreshed roster and a new mode called Volta that brings soccer matches to environments […]


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