Businesses

'There's no way we can afford $100,000': Small firms scramble over H-1B visa fees

'There's no way we can afford $100,000': Small firms scramble over H-1B visa fees

When US President Donald Trump signed an executive order last Friday to add a $100,000 (£74,000) fee for applications for H-1B visas, a programme for skilled foreign workers, Abhishek Singh immediatel …

As US shutdown starts to bite, how much could it hit economy?

As US shutdown starts to bite, how much could it hit economy?

Michael Galletly, who works for the Department of Agriculture in Utah, sat down with his wife last week, combing through bills and spending more than two hours strategising how to make it through the …

Bankers to get bonuses faster under rule change

Bankers to get bonuses faster under rule change

Senior bankers will be able to pocket bonuses more quickly under a relaxation of rules brought in after the financial crisis of 2007/2008. Senior bankers have had to wait up to eight years to collect …

Baroness Mone-linked PPE firm misses deadline to pay £122m

Baroness Mone-linked PPE firm misses deadline to pay £122m

A company linked to Baroness Michelle Mone has failed to meet a deadline to repay £122m for breaching a Covid-19 personal protective equipment (PPE) contract. The Department of Health and Social Care …

Betting firm Paddy Power to close 57 shops in UK and Ireland

Betting firm Paddy Power to close 57 shops in UK and Ireland

Betting firm Paddy Power is to close 57 shops across the UK and Republic of Ireland, after a review of its high street estate. It has confirmed that 247 staff are at risk of redundancy, with 128 of th …

British Gas owner among firms fined for underpaying staff

British Gas owner among firms fined for underpaying staff

British Gas's parent company Centrica, Euro Garages and Holland & Barrett are among the latest companies named and shamed by the government for underpaying staff. The Department for Business and Trade …