KLM said it does not expect demand to fully recover before 2023 or 2024 and said further staff reductions are possible âgiven the high level of uncertainty.”
Dutch KLM group to cut 4,500-5,000 jobs due to COVID-19 pandemic
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Category Archives: Business
JSW Energy net profit down 12.7% at Rs 213 crore in June quarter
“The company#39;s (consolidated) net profit stood at Rs 213 crore vis-a-vis Rs 244 crore in the corresponding quarter of previous year,” the company said in a BSE filing.
British Airways owner IAG says recovery will not be before 2023
IAG group says recovery will take at least three years as it announces plans to raise billions in new funds.
Government to examine why 1,748 died on UK roads in 2019
DfT figures show that road deaths dropped by 34 cases in Britain last year.. But campaigners have today called for increased efforts to trigger a reduction in the volume of people killed on our roads.
Eurozone enters deepest-ever recession as economy shrinks 12.1 per cent
Spain and France both record precipitous slumps as coronavirus batters economies across the Continent
Hackers rang up Twitter employees and tricked them into handing over credentials
Rolf Vennenbernd/picture alliance via Getty Images Twitter published an update on its investigation into the highly visible hack it suffered earlier this month. It says the hack began with a “phone spear phishing attack” on a small number of employees. The attackers used these initial employees’ credentials to learn more about Twitter’s p […]
Facebook, Google Will Need To Pay Australian Media For News Content, Or Risk Facing Hefty Fines Under New Law
Tech giants like Facebook Inc (NASDAQ: FB) and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google will have to pay for news content gener read more
Shell posts $18bn loss as coronavirus pandemic hammers demand for oil and gas
Results come after fossil fuel company warned last month it would write off as much as $22bn from the value of its reserves
Reliance Retail reports 17.2% YoY fall in revenue to Rs 31,663 crore
Earnings before interest and tax (EBIT) was lower than street estimates at Rs 722 crore, a fall of almost 60 percent
Covid-19 tanks US economy in second quarter, outlook shaky
The US economy contracted at its steepest pace since the Great Depression in the second quarter as the COVID-19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new cases of coronavirus.
Amazon’s virus stumbles have been a boon for Walmart and Target
Shipping delays and out-of-stock items meant online shoppers turned to other retailers, including Walmart and Target, whose networks of brick-and-mortar shops suddenly became an advantage for picking up and shipping e-commerce purchases quickly.
KFC admits a third of its chickens suffer painful inflammation
Fast food giant praised for owning up to extent of footpad dermatitis, which can prevent birds from walkingFast food giant KFC has laid bare the realities of chicken production after admitting to poor welfare conditions among its suppliers.More than a third of the birds on its supplier farms in the UK and Ireland suffer from a painful inflammation known as f […]
Pfizer Inc. Just Missed EPS By 16%: Here’s What Analysts Think Will Happen Next
As you might know, Pfizer Inc. (NYSE:PFE) recently reported its second-quarter numbers. It was not a great result…
Trump’s Immigration Legacy To Be Presented In Re-Election Bid
Five years ago, President Trump declared that if he was elected president he would build a wall along the U. S. Mexico border and make Mexico pay for it. Immigration promises to be a central theme of the upcoming election like the wall was in the last one.
Amazon’s ad revenue in 2020 is set to grow 23.5% despite the pandemic
Insider Intelligence publishes thousands of research reports, charts, and forecasts on the Media, Advertising, and Marketing industry. You can learn more about becoming a client here. The following is a preview of one Media, Advertising, and Marketing forecast. Amazon will continue to see ad spending growth in 2020, albeit at a depressed rate when compared […]
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