Home » Business » Page 251
United Airlines and Virgin Atlantic are preparing to lay off more than 6,000 workers combined, according to memos and announcements by both companies this week, as the coronavirus pandemic continues to take a debilitating toll on the airline industry. British airliner Virgin Atlantic announced in a statement Tuesday that it plans to cut nearly a third of its 10,000-person workforce […]
» Read more Aerospace giant Boeing Co. said it will resume all 787 operations at its South Carolina facility in early May that were temporarily suspended on April 8 in response to the COVID-19 pandemic. Most teammates are expected to return on May 3 or May 4. Boeing noted that senior leaders will return on Thursday, April 30, and managers will return on […]
» Read more The UK car market ground to a halt in April, with new vehicle sales plunging by 97% to the lowest level since the end of the second world war because of the coronavirus lockdown. Just 4,321 new cars were registered last month, after car showrooms were banned from staying open as part of attempts to limit the spread of Covid-19. […]
» Read more European stocks rose on Tuesday to extend gains from the previous session amid signs of slowing coronavirus spread in hot spots and easing lockdown restrictions by some countries and U.S. states. Markets are also looking to any sort of forward guidance from the U.S. Federal Reserve which issues a policy statement on Wednesday. The European Central Bank meets on Thursday […]
» Read more Global deaths from the pandemic topped 250,000. Signs of optimism emerged in the U.S. as New York reported the fewest new infections since mid-March and California took steps toward reopening. Scientists created a monoclonal antibody that can defeat the new coronavirus in the lab, an early but promising step. U.S. researchers will track thousands of children to determine how they’re […]
» Read more On Monday, the Dow Jones Industrial Average dropped about 200 points while the S&P 500 lost 0.3 percent. Airlines were the biggest losers after the likes of Delta, United and American Airlines all dropping more than 10 percent. Over the weekend, Warren Buffett, the CEO of Berkshire Hathaway, revealed he had sold all of its airline holdings due to the […]
» Read more A safety officer on the set of every film and TV production could be a key component of restarting shows during the coronavirus pandemic, according to Rebecca Rhine, national executive director of the International Cinematographers Guild, IATSE Local 600. “I think what everyone’s coming to understand is that this is going to be an evolving process,” she said in her […]
» Read more As realisation dawned that a full-blown coronavirus outbreak was inevitable, the government set British industry a seemingly impossible task. The NHS had about 8,000 ventilators available but the latest modelling, based on evidence from China, suggested that up to 30,000 would be needed, within a matter of weeks. During a conference call on Monday 16 March, dozens of manufacturers and […]
» Read more Hotel Chocolat is to reopen up to five stores next week – for takeaways only – after restarting production at its UK factory to help top up dwindling supplies. The specialist retailer and cafe operator said it will reopen first in Borough Market in London, serving hot chocolates, ice-creams and coffees, as it tests out new ways of working while […]
» Read more IBM has rolled out “IBM Rapid Supplier Connect” to help in addressing the shortages in the COVID-19 Medical Supply Chain. The IBM Blockchain-powered network solution can help healthcare organizations and government agencies in the U.S. and Canada to rapidly identify and onboard new, non-traditional, alternative vendors to address the shortage of equipment, devices and supplies needed for COVID-19 relief efforts. […]
» Read more