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UK’s pandemic response ‘too slow’, cost taxpayers billions

Bloomberg The UK lost a “crucial month” in its fight against coronavirus because it was too slow to respond to a shortage of ventilators, while the delay in sourcing protective equipment came at a cost of 10 billion pounds ($13.3 billion) to the taxpayer, according to two spending reports. Ministers only started efforts to buy more ventilators on March 3, ...

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IBM planning 10,000 job cuts in Europe

Bloomberg International Business Machines (IBM) Corp is planning to cut about 10,000 jobs in Europe in an attempt to lower costs at its slow-growth services unit and prepare the business for a spinoff. The wide-ranging losses will affect about 20% of staff in the region, according to people familiar with the matter. The UK and Germany are set to be ...

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Dell, HP revenues top estimates on pandemic PC surge

Bloomberg Dell Technologies Inc and HP Inc reported quarterly revenue that topped Wall Street estimates, lifted by customer upgrades of personal computers for remote work and school during the pandemic. Dell’s sales climbed 2.8% to $23.5 billion in the period that ended on October 30, the Round Rock, Texas-based company said Tuesday in a statement. Rival HP reported it shipped ...

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