Show business news daily mail

Here are the latest business news headlines from the Daily Mail:

Top Stories

  1. FTSE 100 plummets 2.5% as global markets tumble: The UK's leading index fell sharply on Monday, with investors spooked by a surge in coronavirus cases and concerns over the global economy. (Read more)
  2. Amazon's Jeff Bezos becomes world's first trillionaire: The Amazon founder's net worth has surpassed $1 trillion, making him the first person in history to achieve the milestone. (Read more)
  3. HSBC to cut 35,000 jobs in major restructuring: The bank is set to axe around 35,000 jobs, or around 15% of its workforce, as it seeks to reduce costs and adapt to a changing financial landscape. (Read more)

Market News

  1. Oil prices plummet as demand concerns grow: The price of oil fell sharply on Monday, with Brent crude dropping to its lowest level in over a year amid concerns over slowing demand. (Read more)
  2. Sterling falls to lowest level against the dollar since 2017: The pound fell to a 3-year low against the US dollar on Monday, as investors worried about the impact of Brexit on the UK economy. (Read more)
  3. Gold prices surge to 7-year high: The price of gold rose to its highest level in over 7 years on Monday, as investors sought safe-haven assets amid global market turmoil. (Read more)

Company News

  1. EasyJet to cut 4,000 jobs as airline struggles: The budget airline is set to axe around 4,000 jobs, or around 15% of its workforce, as it seeks to reduce costs and adapt to a changing travel landscape. (Read more)
  2. Debenhams to close 50 stores as part of restructuring: The struggling department store chain is set to close around 50 stores, or around 10% of its estate, as it seeks to reduce costs and improve its financial performance. (Read more)
  3. Asda to axe 5,000 jobs as part of cost-cutting drive: The supermarket chain is set to axe around 5,000 jobs, or around 5% of its workforce, as it seeks to reduce costs and improve its competitiveness. (Read more)

Personal Finance

  1. Savers face 10-year wait for interest rates to rise: Savers may have to wait until 2030 for interest rates to rise, according to a new report from the Bank of England. (Read more)
  2. Millions of workers to see pay rise as minimum wage increases: The minimum wage is set to rise to £9.50 an hour from April, with millions of workers set to benefit from the increase. (Read more)
  3. Pensioners to get £1,000 boost as state pension rises: The state pension is set to rise by £1,000 a year from April, as part of a new deal between the government and pensioners. (Read more)