Tag: Business News

  • The UK Economy Shrank By A Record 9.9% in 2020

    The UK Economy Shrank By A Record 9.9% in 2020

    The Office for National Statistics (ONS) said the UK economy shrunk by a record 9.9% last year as coronavirus restrictions hit economic output. The report showed that the contraction in 2020 “was more than twice as much as the previous largest annual fall on record”. However, towards the end of the year, the economy experienced…

  • Amazon In Wage Theft Mess, Ordered To Pay $62 Million

    Amazon In Wage Theft Mess, Ordered To Pay $62 Million

     Amazon has been ordered to pay almost 62 million to flex workers following the outcome of a recent probe by the U.S. Federal Trade Commission (FTC). Amazon is to officially pay $61.7 million to flex workers following accusations that they stole tips from company drivers. The amount equals the tips that Amazon allegedly retained during a two-and-a-half-year period…