Bloomberg UK jobless claims increased last month as the coronavirus pandemic began to have an impact on the labour market. Claims rose 12,200 compared with a 5,900 gain in February, the Office for National Statistics said on Tuesday. The claimant count rate rose to 3.5%, the highest since the start of 2014. Unemployment is sure to keep rising after the ...

Bloomberg French automaker PSA Group posted a 16 percent slump in first-quarter sales and forecast the European market will shrink by a quarter this year as the coronavirus pandemic slams the car industry. The company has secured liquidity and cut costs, Chief Financial Officer Philippe de Rovira said in the statement on Tuesday, adding that it is preparing for a ...

Bloomberg Uber Technologies Inc. won approval to serve as a business vendor to the US government, allowing the company to vie for an estimated $810 million in spending over the next five years. Politicians and campaigns have for years relied on Uber for rides to and catering for their events, but the decision is the first clearance for federal agencies ...