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Airbus is to cut 15,000 jobs as it faces “the gravest crisis this sector has ever experienced”. The world’s largest manufacturer of aircraft is just one of a many companies to announce drastic cuts as the airline industry attempts to...
Tens of thousands of flights have been cancelled, borders have been closed and at one point during the last three months over a fifth of the world's population was confined to their homes. So it is little surprise that the...
Ireland's Finance Minister Paschal Donohoe is to put his name forward to become the next president of the Eurogroup of Eurozone finance ministers. According to Irish and EU sources, an announcement is due at 1600 Brussels time. Donohoe took up the...
Unemployment across Europe has risen due to the coronavirus pandemic with airline companies and the automobile sector making some of the biggest job cuts. About 397,000 people in the European Union lost their jobs in April, according to data from...
France will launch an eight billion-euro plan to save the country's carmakers after a 90 per cent plunge in sales as a result of the coronavirus pandemic. French President Emmanuel Macron said the plan included one billion euros in grants...
Beyond grappling with the global public health crisis sparked by the COVID-19 pandemic, governments the world over are doing what they can to mitigate the economic fallout from lockdowns and social distancing. Already, the stock markets have witnessed the kind...
In this episode of Business Line the team examine how the economic crisis prompted by the coronavirus pandemic is likely to see companies accelerate plans to adopt innovative Artificial Intelligence technologies. Post-pandemic performances How do you organise concerts and live performances...
New Zealand announced on Thursday that its public debt will more than double over the next three years as it unveiled a massive investment plan to mitigate the economic impact of the COVID-19 pandemic. The island nation will invest 50...
The coronavirus pandemic has caused an unprecedented demand for personal protective equipment (PPE) and has seen stocks dwindle worldwide. These shortages are dangerous for workers in the medical sector treating infected patients. The World Health Organization (WHO) has played a...
The EU Commission's Executive Vice-President has expressed caution over plans by a majority of member states to wave mandatory refunds for cancelled flights to help European airlines hard-hit by the COVID-19 pandemic. Euronews broke the news on Wednesday that transport...
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