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UK puts $1b into job centers to help wave of unemployed

Bloomberg The UK will plow 800 million pounds ($1 billion) into job centers, in an effort to cope with a wave of unemployment in the wake of coronavirus pandemic. The government will double the number of work coaches to 27,000 to help benefit claimants back into work, with an initial 4,500 hires by October, the Treasury said in a statement. ...

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Spain sees 49% drop in furloughed workers

Bloomberg An average of 178,000 workers have been exiting Spain’s furlough program every week to return to their jobs, a sign that the economic recovery is slowly gathering pace in a country that’s expected to suffer one of Europe’s deepest recessions this year. The daily exodus has accelerated as authorities gradually lifted a strict nationwide lockdown that crippled Europe’s fourth-largest ...

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UK to award $6.2b of virus testing contracts to firms

Bloomberg The UK government is set to award 5 billion pounds ($6.2 billion) of coronavirus testing contracts to private companies as it overhauls the way it tracks Covid-19. The tender from Public Health England, announced in a public notice, comes after Britain’s coronavirus-testing effort has been dogged by reports of missing tests and long waits for results. The UK currently ...

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