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Johnson guarantees 80% of workers’ wages in lockdown

Bloomberg UK Prime Minister Boris Johnson said he was extending the government’s wage support program as part of a new partial four-week lockdown for England and offered home owners more financial reprieve. Under the package announced by the prime minister, state payments will be made to furloughed workers of as much as 80% of their wages through the new lockdown ...

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Germany set to help businesses weather Covid-19 restrictions

Bloomberg Germany will do “everything necessary” to help cushion the impact of the coronavirus on businesses as the government moves to introduce a partial lockdown on Monday, Chancellor Angela Merkel said. Merkel will meet with industry representatives on Wednesday to discuss how to further help them to ease the burden of coping with the coronavirus. “I assure you, the government ...

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Reduced App Store cut to hurt results, warns Apple

Bloomberg Apple Inc. warned investors that the company’s financial results would be hurt if the amount paid from App Store downloads and subscriptions is reduced or eliminated. The warning in a regulatory filing came amid criticism from lawmakers and others about the cut of as much as 30% that Apple takes from third-party developers selling software through the App Store ...

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