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Thursday, March 04, 2021

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Category: Business

Airbus says reducing wing production for three weeks

April 2, 2020March 27, 2020comm-group

Airbus SE (AIR.PA) is reducing the production of aircraft wings for three weeks as it slows operations to put in place extra health and safety measures due to the coronavirus pandemic, the planemaker said on Thursday. The move affects wing plants in Broughton, U.K., and Bremen, Germany. Airbus, whose main industrial operations are shared between […]

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Britain-based airlines seek industry tax breaks in coronavirus battle

April 1, 2020March 27, 2020comm-group

A representative body for airlines based in Britain has written to its transport minister seeking industry-specific tax and air traffic fee holidays to help survive a coronavirus pandemic that has brought air travel to a standstill. easyJet (EZJ.L), IAG-owned (ICAG.L) British Airways and Virgin Atlantic have no revenue coming in, forcing them to ground hundreds […]

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Newly jobless Americans worry about making ends meet

March 31, 2020March 27, 2020comm-group

Optician Ali Nelson sent the final few orders of eyeglasses to clients last week before her Washington D.C.-based store closed to help prevent the spread of the coronavirus. Without a paycheck indefinitely, Nelson is one of potentially tens of millions other Americans whose livelihoods are now in doubt because of the coronavirus pandemic. The number […]

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U.S. weekly jobless claims soar to record 3.28 million

March 30, 2020March 27, 2020comm-group

The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic brought the country to a sudden halt, unleashing a wave of layoffs that likely ended the longest employment boom in U.S. history. The weekly jobless claims report […]

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Senate passes $2 trillion bill for ‘strange and evil’ coronavirus crisis

March 29, 2020March 27, 2020comm-group

The U.S. Senate on Wednesday unanimously backed a $2 trillion bill aimed at helping unemployed workers and industries hurt by the coronavirus epidemic, as well as providing billions of dollars to buy urgently needed medical equipment. After bitter negotiations, the deeply divided Senate came together and passed the bill by a 96-0 vote, which sent […]

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Wall Street powers stocks higher on $2 trillion stimulus; dollar takes a hit

March 28, 2020March 27, 2020comm-group

A Wall Street rally led global gains in stocks on Thursday despite a record number of new unemployment filings in the United States, as traders focused on the unanimous passage of a $2 trillion coronavirus relief bill in the U.S. Senate and the possibility of more stimuli to come. The legislation is intended to flood […]

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With sports events shelved and consumers in lockdown, the advertising industry is in free fall

March 27, 2020comm-group

As companies across the world try to figure out the economic ramifications of the coronavirus, the advertising business is suddenly in free fall. With the Olympic Games shelved until 2021 and almost all sports gone from the airwaves and stores, plus cinemas and restaurants suddenly closed, some of the biggest spending category advertisers are no […]

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