Day: February 6, 2021

Silicon Valley Biz Journal promotes AME, reporter retires

The Silicon Valley Business Journal has promoted one of its staffers to assistant managing editor while another staffer is retiring.

Editor in chief J. Jennings Moss writes, “Another change in the editing ranks of the Business Journal is the promotion of Ryan Fernandez to become assistant managing editor. Fernandez has worked for the SVBJ as an associate editor since 2013, tackling various writing and editing assignments for both print and online.

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Home working at highest level as businesses adapt to new way of working

Fewer people are travelling into the office with remote working now at its most widespread since the spring, according to official figures.

About 36 per cent of working adults operated exclusively from home in the past seven days, the Office for National Statistics said. This was up from 34 per cent the week before and was the highest level since June.

The government is advising people to work from home whenever possible during the third national lockdown. The figures suggest that businesses and their employees are modifying their behaviour more than they did during the November lockdown.

The proportion of workers on furlough also edged up slightly from 17 per cent to 18 per cent as businesses, particularly those in the hardest-hit sectors, were forced to close or scale back their operations.

The ONS said that 22 per cent of businesses had paused trading and did not intend to restart

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UK new car sales fall 40% in January as lockdown bites

Just over 90,000 new cars were sold in the UK in the slowest January for more than 50 years, according to industry figures released on Thursday.

Sales fell 40% compared with January 2020 to 90,249, as the closure of car showrooms under lockdown compounded the economic gloom.

The Society of Motor Manufacturers and Traders (SMMT) said the uptake of “click and collect” sales had prevented an even greater fall but could not avert the worst start to a year since 1970.

The SMMT forecasts that 2021 sales will rebound slightly from the depths of 2020, but said the industry would face a very subdued and challenging year, with showroom closures depressing demand and manufacturing output. New car sales fell by 29% last year to 1.63m vehicles, the lowest level since 1992.

Mike Hawes, the SMMT’s chief executive, said: “Following a £20.4bn loss of revenue last year, the auto industry faces

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