Air France and regional subsidiary Hop have announced 7,500 job cuts after the virus pandemic grounded most flights and darkened prospects for future air travel
Virus-hammered Air France discussing thousands of job cuts
Leave a reply
Tag Archives: Virus
The #Vanlife Business Is Booming
Coronavirus is just a distant memory while zipping around in a several-hundred-thousand-dollar custom van on the open road.
Navy-Lafayette joins lists of college football cancellations
The coronavirus pandemic is already impacting the 2020 college football schedule
Fitch has downgraded a record number of sovereign ratings due to the coronavirus. It’s not done yet
Fitch Ratings has downgraded a record 33 sovereign ratings in the first half of this year — more than in any given year in the past.
Australia sees ‘partial economic decoupling’ from China as Canberra weighs risks of over reliance after coronavirus disruptions
Australia is edging towards a “partial economic decoupling” with China as a result of the coronavirus pandemic, a new Australian parliamentary inquiry has heard.In a new inquiry set up in May to examine the vulnerability of Australia’s supply chains, defence and foreign affairs, experts argued there was a critical need for Australia to plan its own network o […]
World’s Largest Pension Fund Loses $165 Billion in Worst Quarter
(Bloomberg) — The world’s biggest pension fund posted a record loss in the first three months of 2020 after the coronavirus pandemic sparked a global market rout in the period.Japan’s Government Pension Investment Fund lost 11%, or 17.7 trillion yen ($164.7 billion), in the three months ended March, it said in Tokyo on Friday. The decline in value was the s […]
UK mortgage approvals slump as Covid-19 hits housing market – business live
Rolling coverage of the latest economic and financial newsLatest: Just 9,300 UK mortgages approved in MayMortgages approvals down 90% (!) since FebruaryEconomists: Lenders and borrowers both nervousEarlier:World stock markets have hit a two-week lowCoronavirus – latest updatesSee all our coronavirus coverage 1.26pm BST With mortgage lenders getting more caut […]
Airbus CEO sees production down 40% over the next two years
Airbus is assuming a 40% drop in production over the next two years due to the coronavirus crisis, chief executive Guillaume Faury was quoted on Monday as saying. “For the next two years – 2020/21 – we assume that production and deliveries will be 40% lower than originally planned,” Faury said.
Coronavirus worsens Cuba’s economic woes
Cuba seems to have the pandemic under control, but its already dismal economy is set to weaken further. Supply shortages are becoming more acute; plummeting foreign remittances and a lack of tourism aren’t helping.
‘Feeling Like Death’: Inside a Houston Hospital Bracing for a Virus Peak
As young patients fill new virus wards, Houston Methodist is calling nurses to work extra shifts and ramping up its testing efforts.
What Would Have Been: World Series rematch at MLB midpoint
There would have been a World Series rematch July 4 in the national’s capital if not for the coronavirus pandemic
Coronavirus: Author Michael Rosen told he ‘might not wake up’ from coma
The We’re Going On A Bear Hunt author spent nearly seven weeks on a ventilator while he had Covid-19.
The Long, Unhappy History of Working From Home
As the coronavirus keeps spreading, employers are convinced remote work has a bright future. Decades of setbacks suggest otherwise.
Chesapeake Pushed Into Bankruptcy by Plunging Energy Prices
(Bloomberg) — Chesapeake Energy Corp., the archetype for America’s extraordinary shale-gas fortunes, filed for bankruptcy, becoming one of the biggest victims of a spectacular collapse in energy demand from the virus-induced global lockdown.The Oklahoma City-based company filed for Chapter 11 protection from creditors in U.S. Bankruptcy Court in the Souther […]
Coronavirus Is Battering Africa’s Growing Middle Class
From Kenya to Nigeria, South Africa to Rwanda, the pandemic is decimating the livelihoods of the once-stable workers who were helping to drive Africa’s economic expansion.
Foreaders 