Day: July 3, 2020

UK businesses say lockdown improving innovation and productivity

Research of office workers shows that more than 65 per cent of respondents said they’ve benefited from improved productivity levels since they started working from home.

James Longley, Managing Director at Utility Bidder who carried out the research takes a closer look at innovation and productivity in lockdown.

Businesses and workers have had to adapt. This is a fact. From furloughing staff to moving to a completely remote working team, there has been a shift to find a new normal during lockdown.

Management teams up and down the UK have had business discussions around the “P” word. Not necessarily “Pandemic”, but “Productivity”! Lockdown has forced organisations in most industries to reinvent and channel resource into collaboration and productivity. The need to adapt in one of the most challenging situations the world has faced has prompted businesses to think – and fail – fast.

When it was announced that many businesses

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UK car finance and pawnbroker payment freeze extended

The UK’s financial regulator has given customers of car finance and other forms of high-cost credit the option of freezing payments and repossessions for three more months, amid concerns about a mounting economic toll from the coronavirus pandemic.

The Financial Conduct Authority (FCA) said on Friday that motor finance, buy now, pay later, rent-to-own and pawnbroking customers are entitled to ask to freeze or reduce payments for another three months if they have previously requested to defer or lower payments. Asking for the support should not have any impact on their credit files, the FCA said.

The extension also means that borrowers who have not yet asked for a payment freeze can make a new application to do so up to 31 October. However, some loans, including car finance deals, will continue to rack up interest during a freeze, so the FCA advises those who can make repayments to do

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Aust market finishes week up 2.6pc

Australian shares have finished higher for a fourth straight day, in a mostly quiet session that served as a break from recent extreme volatility.

The benchmark S&P/ASX200 index finished Friday up 25.2 points, or 0.42 per cent, at 6,057.9 points, while the All Ordinaries index gained 21.4 points, or 0.35 per cent, at 6,163.7.

“A little uneventful, a relatively quiet day,” said CommSec market analyst James Tao.

“Of course there is the US public holiday, the Fourth of July, which takes a little bit out of our market today,” Mr Tao said.

Wall Street, where the S&P 500 rose 0.4 per cent overnight, won’t resume trading until Monday.

For the week the ASX200 closed up 153.8 points, or 2.6 per cent, with Monday’s losses followed by four days of gains.

The index has only had four losing sessions in the past three weeks.

Energy, industrials and property collectively declined, while

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VCs attack coverage, NY Times reporter Lorenz

A number of venture capitalists criticized how they are portrayed in journalism, specifically going after New York Times reporter Taylor Lorenz, in an audio social network site, reports Vice reporters Jason Koebler, Anna Merian and Joseph Cox.

Koebler, Merian and Cox report, “The exclusive users of Clubhouse on the call seemed to conceive of themselves as humble citizens preyed upon by corrupted elites cravenly lusting after money and power; this reached a bizarre apogee when Srinivasan boasted of standing up for the CEO of a scandal-plagued luggage brand, depicting her as all but powerless because of her relatively low Twitter follower count. The conversation essentially resembled a Gamergate chat, with people obsessing over minute drama and, at times, suggesting that Lorenz had crossed a line on Twitter and must be punished.

“‘How can there be an accountability function that’s implementable across all media that allows for that to happen, that

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