Monday, 30 Nov 2020

Employees shouldn’t pay to work at home

China suspends fish imports from Indian firm after coronavirus detected

BEIJING (REUTERS) – China’s customs office said on Friday (Nov 13) it will suspend imports from India’s Basu International for one week after detecting the novel coronavirus on three samples taken from the outer packaging of frozen cuttlefish.

Imports will resume automatically after one week, the General Administration of Customs said in a statement.

TikTok Gets Reprieve As Trump Commerce Department Says Shutdown Won’t Go Into Effect Pending Legal Case

The Trump administration said that it won’t implement an order that would have prohibited companies like Apple and Google from offering the TikTok app, shutting down its use in the U.S.

“The Department is complying with the terms of this order,” the Commerce Department said in the notice.

The legal action was brought by individuals who use the TikTok app for their businesses. The Trump administration is appealing the ruling.

TikTok parent ByteDance, meanwhile, is seeking its own court order to block the Trump Administration efforts that ultimately would force it to sell the popular app. There was much hype earlier this fall to sell TikTok’s U.S. operations to Oracle and Walmart, but that deal was never completed.

The U.S. Court of Appeals in the D.C. Circuit has set oral arguments for next month.

The Trump administration argued that the Chinese owned TikTok poses a national security threat. Its order also would have prohibited internet hosting services from enabling the TikTok mobile application.

Read More About:

Why Under Armour is struggling despite the athleisure boom

As consumers spend more time at home, ditching work clothes and suits for yoga pants and sweats, you would think that sports apparel brand Under Armour would be thriving.

But the company that urged athletes to "Fight on Together" has fallen on tough times. While the brand's sweat-wicking performance gear is popular among athletes, it might not be resonating with consumers the way it used to.

Analysts say an athleisure boom is being fueled by a desire for comfort and a newfound interest in health and wellness. But consumers are also interested in style and fashion, which is why rivals like Nike, Adidas and Lululemon are doing so well.

So can Under Armour rebuild its momentum before it's too late?

Watch more:

Why US hospitals are closing
What airlines are doing to clean their planes

These 5 factors are fueling a massive transformation in banking

  • This is a preview of recent Banking research from Business Insider Intelligence.
  • Business Insider Intelligence offers even more banking coverage with our Banking Briefing. Subscribe today to receive industry-changing financial news and analysis to your inbox.

Want more Banking research? Here's how to get access:

  1. Join thousands of top companies worldwide who trust Business Insider Intelligence for their competitive research needs. >> Inquire About Our Enterprise Memberships
  2. Sign up for Banking Briefing, Business Insider Intelligence's expert product suite tailored for today's (and tomorrow's) decision-makers in the financial services industry, delivered to your inbox 6x a week. >> Get Started


Read the latest banking news and featured articles:
– Banking Industry Trends
– Future of Banking Technology
– Mobile Banking Market
– Banking as a Service Explained
– Digital Banking
– Open Banking & Bank APIs
– Alternative Lending & Nonbanks
– US Neobank Market

Spirent Communications Affirms Full-year Expectations – Quick Facts

Communications technology company Spirent Communications Plc (SPT.L,SPM) said Thursday that the Group continued to see continued strategic momentum and the Board remains confident that the Group will show progress in 2020. The Group’s expectations for the full-year remain unchanged.

In a quarterly update, Spirent Communications noted that trading in the third quarter was similar to that experienced in the second quarter, where 5G-led demand for the company’s assurance solutions continued to show strong growth.

This helped offset some market softness in order placement for Positioning products from U.S. government contractors, which have been affected by COVID-19 due to office and lab closures.

The company noted that its year-to-date revenue growth is tracking broadly in line with its stated mid-single digit target.

Employees shouldn’t pay to work at home

It is, sadly, all too predictable that the “economic research unit” of a bank should suggest that employees working from home should pay more tax, when the lion’s share of savings from this arrangement are in fact made by employers (Staff who work from home after pandemic ‘should pay more tax’, 11 November). While there is a brief mention that this tax could be paid by companies that do not provide workers with a permanent desk, this seems to be an afterthought.

Is this report from Deutsche Bank so one-sided that it ignores the fact that many employees have had their salaries cut in the pandemic, assumes that all employees spend money to get to work (many cycle or walk), and ignores the additional cost of heating at home or lack of space with families? Does it not consider the significant savings that companies will make if they reduce the number of desks that they provide (approximately £40,000 each year per desk in London)?

Is this more about property owners getting worried about empty space in cities? Let’s change our cities for the better – convert empty office space to homes and take our cities back for the people.
Chris Drabble
West Byfleet, Surrey

Join the conversation – email [email protected]

Read more Guardian letters – click here to visit

Related Posts