News
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The world faces severe employment challenges
The world is facing a staggering jobs challenge with a quater of billion people set to lose their job this year,the president of Microsoft has said. Brad Smith says millions will need to learn new skills to get jobs,or even to hang on to their old one,as the digitisation of economies races ahead....Read more -
U.S. Muji officially declares bankruptcy
Japanese home-goods retailer Muji has just filed for Chapter 11 bankruptcy with a total debt of $64 million, joining the list of 110 companies(including Brooks Brothers in the same week)that have gone bankrupt this year in the U.S., victims to the pandemic. A lifestyle brand with a minimalist aes...Read more -
Global cosmetic surgery market is hot under the epidemic
A number of cosmetic surgery clinics around the word are reporting a rise in people getting treatment during the coronavirus outbreak as they can hide their treatment behind a mask or work from home. Despite the virus shutting business across the globe, a number of plastic surgery clinics have re...Read more -
Thirteen universities face “a very real prospect”of insolvency
Thirteen universities face “a very real prospect”of insolvency following the coronavirus crisis unless they receive a government bailout,a study suggests. High-ranking universities with large numbers of international students face the largest immediate drop in income,says the Institud...Read more -
British fast fashion brand Boohoo was removed
Three major online retailers have dropped fast fashion brand Boohoo over allegations of low pay and unsafe conditions at a supplier’s factories. Next dropped Boohoo clothes from its websites last week,while Asos and Zalando followed suit on Tuesday. This follows a Sunday Times report clamin...Read more -
Young people have been hardest hit by epidemic
Young people have been hardest hit by a fall in their income during lockdown as more of their money goes on essentials, official data suggests. The youngest and oldest workers are most likely to have lost their jobs or seen in-come cut owing to the system of state-paid wages. With little in savin...Read more -
Apple announces homemade chips
Apple has announced plans to make its own microchips for Mac computers, a long-rumoured shift that tightens the tech giant’s control of its own products and ends a 15-year-relationship with intel. Tim Cook, Apple’s chief executive,called the announcement a “historic day for the ...Read more -
The Vienna State Theatre is about to reopen
Live music is returning to the great opera house from Monday,for the first time since lockdown measures were put in place. The Vienna State Opera will reopen to the public on monday,following strict coronavirus government guidelines. Only 100 people will be allowed to sit in the audience during a...Read more -
U.S. bicycle snapping
Bicycle sales surge as Americans seek to avoid mass transit and get exercise. The coronavirus pandemic has been a disaster for thousands of small business,but the impact of closure and work-from-home orders has screated a massive sales boom for the bicycle shops. Adult recreational bike sales in ...Read more -
Space X start the era of commercial manned space age
US astronauts Doug Hurley and Bob Behnken will dock to the international Space Station(ISS)later. The men are making their way up to the orbiting platform after their launch on a Falcon-9 rocket from Florida’s Kennedy Space Center on Saturday. The Nasa crew are now traveling in a Dragon cap...Read more -
UK rental demand increase sharply
Lockdown break-ups, job losses and urgent relocations are thought ro have led to a surge in the rental sector. Demand for settings in Great Britain is up by 22% compared to last year,according to property giant Rightmove. Experts say the lifting of lockdown restrictions has released two month of ...Read more -
Fraud shops top the Google search list
A suspected scam store,featuring hard-to find gadgets priced below the norm,topped Google search results for days. My TechDomestic accepted payments via direct bank transfers only-despite indicating support for credit cards and PayPal-and falsely claimed to be owned by a UK-registered company. It...Read more