Economic cost of Covid-19 mounts as Chinese factory profits slump – business live | Business






Engineering firm Rolls-Royce has been running its UK facilities until now but says it will cease “all but essential activity” for a week, starting at midnight tonight.

Staff will continue to be paid.

Activities that support the military, air freight and airlines still running flights will continue, the company said.









RBS: From bank to foodbank….

A Royal Bank of Scotland branch in London

Photograph: Peter Nicholls/Reuters

Royal Bank of Scotland is turning the conference centre at its Gogarburn headquarters in Edinburgh into a foodbank distribution centre, to help people in difficulties during the current crisis.
The high street lender is asking businesses to bring in any perishable food and hygiene products they can spare to the Gogarburn site, where RBS staff will be running an “drive-in” donation system to ensure donors and volunteers can keep their distance. The bank’s volunteers, which will also be kitted out with personal protective gear, will distribute the donations to charities including Trussell Trust food banks and Social Bite, a charity supporting vulnerable people in Scotland. RBS’ catering contractors – Baxter Storey and Benugo – have also pledged to donate food from the bank’s kitchens.

Malcolm Buchanan, chair of the RBS Scotland board, said:


“This is a challenging time for everyone in Scotland and it is important that everyone looks out for one another. This is a time when we can work together to make a positive difference and we are calling on the public and companies who have the time or the resource and to get involved in our appeal.”





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Introduction: Record slump in Chinese factory profits

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